We believe that Freela is one of very few projects in the space where there is a real value to our token, which is not solely beneficial to the team and the project itself.
To elaborate, many so-called decentralized options platforms are just taking profits for the team and company and use little to buy back or burn the token.
In contrast, Freela’s entire model is designed in such a way that 100% of the platform’s gains stay within the Freela ecosystem, in turn growing the token’s value proposition.
FREL: Token Utility
Freela token is the standard currency of the Freela platform, which allows users to utilize all the services within the platform at no extra costs and with zero transaction cost. This makes Freela token the preferred method of payment in the Freela ecosystem.
If users want to use anything other than our native token on the platform, for example, ETH or USDT, then 0.5% of the transaction value will be used to buy the Freela token from the market. Simply put, whenever users send or receive payment on the platform, they automatically create demand for the token. The demand will eventually outweigh supply which will supercharge the value of the Freela token.
DAO Technology
The DAO compliments the platform: when users lock in 0.1% of the supply, gain governor rights on the platform, which allows them to vote a say in every decision and % changes and so on( an alternative to a governance token model) and also users will be encouraged to stake their tokens in order to increase their recognition and a reputation within the platform, which will allow them to gain more freelance contracts and better employers.
As with any ecosystem, when users earn and save what they have earned, they indirectly help the respective economy by affecting the supply-demand equations of its currency. So when users stake their tokens on the Freela platform in various available staking pools, they contribute to the Freela economy and Freela token value. In return, the platform provides them with some reputation that can be pivotal in their success.
About Freela
Freela is designing a marketplace for “truly free freelancing.” Freela ensures that both employers and employees are satisfied, solving the most widespread problem in freelance platforms. By directly allowing employees and employers to create their contracts, they solve underemployment and potentially over-employment. Freela had a successful IEO on Ascendex on the 26th of May 2021 and a double IDO on BSCPad and Poolz. $FREL will be listed on Uniswap and Pancake Swap on 27th May 2021.
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