With a total supply of 249,500,000 HFT tokens and a goal of 24,950 ETH, Hirefreehands hopes its platform can ‘bring back trust into online freelancing’.
The platform already has over 10,000 active users from 10 different countries and believes that by expanding into blockchain technology, it will strengthen its offering in terms of growth, cost effectiveness and quality.
How does it work?
Built on Ethereum, the platform removes the need for bids or negotiation with the introduction of a propriety price regulation algorithm to ensure fair prices. ‘Proof of skill’ and ‘proof of process’ procedures are also used so recruitment and quality can be controlled for the benefit of both freelancers and clients. The use of a jury system introduces a level of fairness to disputes and removes biased judgments.
The HFT token
The HFT token will be used to manage transactions between freelancers and clients. Freelancers are provided with a wallet to withdraw funds and exchange on crypto platforms. They can also use the HFT token to purchase other services within the ecosystem. Many freelance portals use Escrow for paying fees but this is not used on the Hirefreehands platform. Instead, smart contracts are signed for each transaction after a job is complete.
Sunkanmi Ola, CEO and co-founder of Hirefreehands, points out that the freelancer market is growing, presenting both challenges and opportunities. In a press release on Cision PR Newswire, he said that more companies are taking advantage of skilled labor as the freelance arena ‘explodes’. He said: “Our innovative platform is designed to make freelancing scalable across the globe while still supporting the highest quality in work, communication and fund transfer.”
Investors can purchase $10,000 HFT tokens with 1 ETH. For more information on the crowd sale or to join the whitelist, you can visit the Hirefreehands website: https://hirefreehands.io/