Digiwage — Freelance Platform and Decentralized Workspace
With its unique approach, Digiwage is one of the first platforms of its kind that includes a business center that enables participants to remotely organize and unite for successful cooperation, whether they be developers, freelancers, entrepreneurs and other concerned parties. It is a platform to organize work with broad functional capabilities, intended for any size audience and with decentralization elements.
The official website states (www.digiwage.org):
The Digiwage Freelance Workplace is a business hub for entrepreneurs, freelancers, startups and developers. Powered by the Digiwage Network, the decentralized nature of this marketplace platform and its associated payment system provides freedom and flexibility to build different combinations of modern collaboration frameworks.
The Digiwage project contains two major sections. The first part is the Digiwage (WAGE) cryptocurrency, created on the basis of PIVX with Proof of Stake algorithm (POS), and the second part is the platform itself.
Digiwage History
The Digiwage project was announced on April 5, 2018 at the bitcointalk forum (https://bitcointalk.org/index.php?topic=3260956.0), although it traces its roots from Philscurrency (https://bitcointalk.org/index.php?topic=2111777.0) which was first mentioned on August 22, 2017. Philscurrency was warmly accepted by the crypto-community, and many of its followers (holders) migrated to Digiwage when the developers announced rebranding the project and exchanging old coins for new ones.
Digiwage (WAGE) cryptocurrency
Digiwage cryptocurrency or WAGE is an internal payment unit on the platform that is utilized for all services. Created according to the POS algorithm, WAGE is a coin with MasterNodes (MN), thus it can provide passive income to its owners. This is one of the reasons that differentiates the Digiwage platform from competing freelance websites which mostly work on ethereum smart contracts or with traditional fiat money. Just imagine that an employer, who is in need of permanent employees, when having made an investment in WAGE, will be able to make purchases on the platform with income which he receives from his MNs without spending his principle invested. And if one takes into account the huge labor market, growing demand, trend for remote employees, and those opportunities which the blockchain opens reducing cost boundaries between employer and employee, the growth potential of such a project is significant.
WAGE COIN SPECIFICATIONS:
Name: Digiwage
Abbreviation: WAGE
Algorithm: QUARK POS MASTERNODE
Max supply: Infinite — 10 year Estimate 100m
Block reward breakdown:
MN — 66.66% AND POW/POS — 33.33%
1–86400: 120 WAGE
86401–259200: 60 WAGE
259201–432000: 30 WAGE
432001–604800: 15 WAGE
604801-Infinite: 7.5 WAGE
Target time-span: Every block
Masternode collateral: 12,000 WAGE
Block time: 60 seconds
Digiwage Platform
From the very beginning the developers tried to create not just another website for freelancers with a minimal set of necessary functions, but to build an entire system of labor organization that would be beneficial and highly-useful among all participants of the process. And it seems, based on personal experiences, notes and wishes of the community, they succeeded in their endeavors.
Apart from standard freelance opportunities that place sellers and buyers’ offers for fixed price, the Digiwage platform also provides a variation that is named hourly wage. In addition, future plans include adding solutions for big projects where the buyer would purchase the services of several specialists at once, having formed a team comprised of several Digiwage users.
No details were overlooked in development, as these minor but important items demonstrate. Service prices on the platform are set and displayed in US dollars, but settlements are performed in WAGE cryptocurrency at the market rate as of the date of consummating the contract. To utilize the platform, users need to install a local wallet that is integrated into the platform. For details see: https://www.digiwage.org/howToUse . Further, Administrators do not participate in settlements between users and may gain involvement only in the case of disputes.
Another interesting and planned Digiwage service is Crowdfunding. With the developers’ vision, each user, who has a well-developed whitepaper, thoughtful and reasonable ideas, will be able to send his or her project to the vote for fund raising and resources search within the platform. At the present moment the crowdfunding system’s functionality requires further planning to factor in how unreliable applications will be filtered out, but it is evident that it is technically possible and follows the crowdfunding trend.
It is necessary to add that the platform is very young, and that the developers’ plan is to increase its functionality by adding to the Digiwage project in a controlled and well-managed manner.
Advantages of Digiwage:
+ Safe settlements in cryptocurrency between the users based on blockchain technology;
+ Absence of a third party, except which is required only in the case of disputes;
+ Low rates for transfers in the Digiwage network;
+ Sufficiently high level of users’ anonymity on the platform (for those who choose it);
+ Flexible limits of cooperation between all parties;
+ No boundaries between platform users;
+ Great opportunities in terms of development, as the future holds a significant number of functions and services that can be integrated into the scalable Digiwage system;
+ Passive income for investors in MNs, potential benefits for early investors in future accounting for the trends in the labor market and technology development based on blockchain ;
+ Competent and appreciative team of developers, which proves its intentions by making a real-world viable product;
+ Project was created without any ICO and fund raising, but exclusively using the team’s own money as well as incomes from Philscurrency/Digiwage MNs, which indicates genuine interest and sincere belief in success, on the part of the team.
Challenges for Digiwage Growth:
- Transfer of funds into traditional fiat money requires additional actions and use of a third-party cryptocurrency exchange;
- For the reason that the project is young, and the platform itself was launched in September 2018, it takes time for marketing and formation of the user base, which can cause difficulty if one needs to receive some services immediately;
- As the platform uses settlements in cryptocurrency, users may need additional skills to work with electronic wallets and cryptocurrency exchanges, but fortunately, the developers have provided all the necessary information …. And as experience shows, it is not difficult at all.
Future of Digiwage. Roadmap
In the Digiwage published roadmap, we see that the project is developing with some slight deflections from the road’s milestones, as can be expected with an active and productive team. Development and implementation of the payment mechanism was the most difficult task, but this stage was done perfectly! The platform is launched and grows gradually, as debugging of its primary functionality is minimal, and other minor errors are corrected as found in the course of its work.
The roadmap’s next milestones include the addition of WAGE cryptocurrency to new exchanges, as well as creation of its own service, which will allow to exchange different coins to WAGE coin. All that is left to do is to wish team every success in realization of the map conceived.
Conclusion
The Digiwage freelance platform is based on a competitive idea with a real, working product for widespread use. The team of developers, who are still anonymous, has already proved the platform’s reality and capability. Digiwage has unique advantages in an easy-to-understand format, and has challenges that face startups — getting the word out to freelancers and buyers, and signing them up to conduct WAGE transactions.
Now, with the online freelancer platform operational and capable of transacting using the Digiwage WAGE coin, investors may consider adding the WAGE coin to their investment portfolio, of course, taking into account all possible risks and great volatility of cryptocurrency markets. And specialists, freelancers and companies can how take a closer look to benefits of the Digiwage platform. Perhaps, it is the place that would benefit you for your productive work needs.
Links
Digiwage Freelance Platform: https://www.digiwage.org/
Digiwage Coin Information Website https://coin.digiwage.org/
Digiwage Github: https://github.com/digiwage/digiwage
Whitepaper: https://coin.digiwage.org/Digiwage_White_Paper_2.0.pdf
Social Media:
https://twitter.com/digiwage
https://www.reddit.com/r/Digiwage/
https://t.me/joinchat/FVQq4xE67-6qCduxbfoxEA
Wallet Downloads: https://github.com/digiwage/digiwage/releases/ Mobile Wallet — Android: https://play.google.com/store/apps/details?id=com.digiwagewallet
One Click Masternode Installer:
https://mnsetup.digiwage.org/
Official Masternode Install Script: https://github.com/digiwage/digiwage_install/blob/master/digiwage_guide.txt
Community Masternode Install Script: https://github.com/MadStu/WAGE/blob/master/README.md
Exchanges: https://wallet.crypto-bridge.org/market/BRIDGE.WAGE_BRIDGE.BTC
Block Explorer:
http://explorer.digiwage.org/
https://explorer2.digiwage.org/
https://digiwage.blockxplorer.info/
Installation Videos:
Part 1: https://www.youtube.com/watch?v=2bMhxwISZHs
Part 2: https://youtu.be/395FMM26Nng
This is not investment advice. This is the opinion of the author, published on the internet. Never invest in any cryptocurrency without performing research to your satisfaction. Never invest more than you can afford to loose.
Donate: D5wzcYbSoo8bRQqHYQBS4585u5tg7gDypS (WAGE)
