Hiredfreehands search trends in Google
Talent is evenly distributed across zip codes; opportunity is not”. This saying formed the foundation for the growth
of the online freelance industry. The ability to tap into talent unbounded by geography is the key reason why online
freelancing becomes one of the fastest growing markets in the world. The online freelance market today has
become a primary source of income to many skilled professionals and an economically sustainable means of
expansion for companies all across the world.
Currently in the USA, freelancers constitute 35% of the total country’s workforce - up to 55 million workers from
roughly one fth of that only 10 years ago. Globally, specialized freelancing in digital services is also seeing immense
growth, with online talent platforms expected to contribute $2.75 trillion to the Global GDP 2025.
CURRENTLY IN THE
EXPECTED GROWTH IN GLOBAL
TALENT PLATFORMS IN
Market & Industry
Opportunity with Blockchain
Platform Process Integrity
Company, Conclusion, Disclaimer
The workplace of the future, sustained and driven by a global community
culty in Retrieving Payments from Platforms
Generally, most freelancing platforms today conduct escrow payments to ensure there is an
agreement between the client and the freelancer, before the freelancer gets paid. In
dispute free cases where the freelancer does get paid for the work done, retrieving his
earnings from the platform into actual cash that can be spent in real life becomes a great
issue. Most platforms take an average of 3 business days just to remit funds to a
freelancer’s bank account, and many talented freelancers in lesser-developed countries
especially in Africa, are not able to make withdrawals for work done until they open a foreign
bank account, which is impossible 95% of the time.
Remittance Charges and High Transaction Fees
The top freelancing platforms today charge users multiple times, over the same job, and end
up keeping as high as 30% in commissions, when spread across the transaction chain. In
many cases, clients are charg...
TRADITIONAL ONLINE FREELANCING PLATFORMS
(Payment processor fee)
(Payment processor fee)
no chance to appeal unfair
or biased reviews
(Freelance commission fee)
(Payment processor fee)
No KYC skill veriﬁcation
Delayed KYC steps
usually get taken here, trapping
freelancer’s funds. Successful withdrawals take
as long as 3business days or more.
OPPORTUNITY WITH BLOCKCHAIN
The introduction of a blockchain system comprising a Digital Platform Currency, Smart Contracts and a transparent
Dispute Resolution Jury sustained by tokenholders will permanently solve the problems seen in traditional online
freelancing, while promoting inclusion for users all over the globe.
Seamless Fund Withdrawals
Freelancers will be paid in $HFT, and will able to withdraw their funds from their platform
wallets at any time, regardless of where they are in the world. As $HFT will be built on
Ethereum they can be easily traded for FIAT, ETH or BTC once listed on trading exchanges.
Smart Contract Payments and Minimal Transaction Charges
With dispute resolution, KYC and skill ve
cation now handled by token holders who are
ed by the community through the blockchain, platform management fees will be
greatly reduced. Also, escrow fees can be eliminated for the platform as the smart
contracts signed for every transaction handle t...
The Hirefreehands token ($HFT) is an ERC20 utility token, designed to be used by Clients and
Freelancers within the Hirefreehands platform. Following this standard, Hirefreehands tokens are
easily transferable between users and can be supported across various wallets and exchanges.
Within the platform, the $HFT will be used internally to pay for digital freelance services, which
will subsequently be earned by freelancers. When a client signs up on the platform and posts a
job, eligible freelancers can send in their bids to signify interest. Once the client identi es a bid he
likes, he approves the bid and pays the equivalent price in $HFT. These tokens will be held in escrow by the platform
and triggered to be released to the freelancer’s Hirefreehands wallet, upon satisfactory completion of milestones by
the freelancer. When that happens, the freelancer can in turn:
Convert to FIAT or other cryptocurrencies
Hold on to $HFT as a store of value or to maintain pri...
The Hirefreehands Jury is activated when the
following decision making processes are triggered on
1. Freelancer Ver
cation & Jury
When a new freelancer has completed all the
necessary application elds to either become a
ver ed freelancer or become a Jury member, a
decision Jury selection is activated. A Jury size of “7
members” is selected at random from the Jury pool,
to review the user’s application, along with the
applicants’ submitted portfolio or proof of skill to
show he meets the quality standards for freelancers
on the Hirefreehands platform or can participate in
dispute resolution as the case may be. Each Jury
member will be taken through a simple series of
steps where they review the application material and
make a decision. Every decision making process on
the Hirefreehands Jury is binary, so each applicant
can vote either in favor of approval, or against.
CALCULATION OF THE DISTRIBUTED FEES
All distributed user fees on the platform come from the accumulated pool of 3%
commission from each project / job delivered on the Hirefreehands platform. Fees
are calculated and disbursed by a smart contract for the 2 categories of Jury
member activities above in this manner:
1. Dispute Resolution Jury Members
A platform fee of 3% is placed on every job on the platform, deducted after the client
pays into escrow before 97% is released to the freelancer. At 97%, Hirefreehands will stand
to be the platform with the highest freelancer remittance rates in the world. This 3% is reserved
to incentivize Jury members in dispute resolution cases.
Once a Jury process is concluded with the set number of nominated Jury members having cast their
votes, the 3% fee on the job is taken and distributed evenly across the participating Jury members (15, 21 or 35 as
the case may be). In the event where a dispute is reported by the client or the freelancer after the conclusion of th...
Hirefreehands Launched Beta Version .
Hirefreehands crossed 100 jobs completed .
Hirefreehands Introduced Enterprise Projects .
Blockchain Concept Developed and Researched .
Hirefreehands Whitepaper Published.
April - May, 2018
May - June, 2018
Crowd Sale .
Integration of $HFT into Platform & Launch of Global Expansion Efforts .
Blockchain Integration of Proof of Skill & Platform Decision Jury Systems .
Integration of Proof of Stake Protocol & PM Automation Systems .
Constant Platform Upgrades & Enhancements; Milestone Goal of 1,000,000 Platform Users .
Miletone Goal of 3,000,000 Global Active Users .