LibertyLance — Review of ICO

LibertyLance is a decentralized platform that is built using the blockchain mechanism for the most convenient interaction of freelancers and customers.
The platform will have a fixed rate for both customers and freelancers, with the rate for freelancers will be much lower than on other similar platforms. For freelancers, the usual tax rate for the platform is 10-20%, for LibrtyLance it is only 2%. In addition, you do not have to pay for the fact that you are a member of the platform (for its use). You will not pay for transactions as for banking services, but will only pay a certain amount of gas for transactions with cryptocurrency. And also on the platform, there will be a voting system about which we will talk a little further.

Objectives of the Platform:

The LibertyLance platform strives to provide greater freedom for both freelancers and clients. After all, each of the freelancers will have their own rating and comments for the work left by their customers, which guarantees the truthfulness of these data. Also, there will be no deferred payments on the platform and there will be maximum security in the process of transactions, thanks to smart contracts and the mechanism of blockchain.

The main advantages of this Platform:

  • decentralization, which gives its users complete independence and convenience in the work;
  • smart contracts that will clearly regulate all parties to the transaction;
  • resolution of disputes with the help of platform token owners via voting, so there will be no bias in the event of any problems and the need to solve them.

Tokens Platforms and their Sale:

Two main features of the company’s tokens for holders are access to marketplaces and refereeing disputes. Registration on the platform is completely free, but various payments are made at the expense of platform tokens. And at the expense of resolving disputes you can read above.
A total of 50 million tokens are issued and for 1 ether you can buy 5000 LTN during the main sales. Also on the platform will be various bonuses and all will sell 32 million tokens. At the same time, the project’s hard cap is only 5.5 thousand aether.

Distribution:

On account of the distribution of tokens, we can say the following: 64% will be sold during the ICO, 20% are allocated to the team, 13% as a reserve platform and 3% to the reward for bounty participation.

On account of the distribution of collected funds: 35% is allocated for product development, 35% for platform marketing, 15% for administration, 10% for reserve and 5% for legal costs.

Roadmap:

At the expense of the development plan, we can say the following: in September 2017 the idea of the platform arose and in October a team was created. In March 2018 – demo launch of the platform and the beginning of private sales. In April-May, pre-sales and basic sales of tokens. In June 2018 platform tokens will be listed on various exchanges. In Q3 2018 there will be an alpha release of the platform. In the 4th quarter – beta release. In Q1 2019, the platform will be launched, and in the second quarter, there is a plan to improve the user interface. In the third quarter of 2019, a mobile app on Android and iOS will be created.

In conclusion, I want to say that this platform is a cool product. Knowing the work of a freelancer I can say with certainty that a commission of 2 percent will attract very many, since usually, this commission is 5-10 times more, because of which quite a lot of profit is lost. Yes, and the lack of payment for the profile on the platform should attract many freelancers and customers. For a more detailed introduction to the platform, you can read Whitepaper. Good luck!

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