Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 16 July 2021, 20:00 HKT/SGT
Share:
    

Source: The Collective Coin
The Collective Gears up to Launch Decentralized Freelance Marketplace

San Antonio, TX, July 16, 2021 - (ACN Newswire) - The Collective is a new project set to launch one of the first decentralized freelance marketplaces. The platform will be powered by The Collective Coin (TCC), which will be the primary means of paying for services in the marketplace and will provide liquidity for the ecosystem.

Andrew Gago, Sal Tinajero and Brandon Ponce first met each other after they had each invested in the same NFT platform. The platform that the three invested in crashed after being hamstrung by the lackluster support and vision of its creators. Like so many other failed projects in the cryptocurrency industry, the idea was big on paper but the founders were unable to see it through and the use cases just weren't there.

Frustrated by what they perceived as an all-too-common thread in crypto, Andrew, Sal and Brandon started brainstorming ideas on what needs to be different, how a platform can succeed, how to materialize the great potential they saw in DeFi technology. For a platform to really take off, they concluded, it has to have real advantages that will allow it to grow, and concrete use cases that give its currency tangible value. The result of that brainstorming is The Collective, one of the first decentralized freelance marketplaces.

The way the marketplace will work is similar to Fiverr and Upwork but without intermediaries between clients and service providers. This is made possible via the platform's native TCC token, which will be the primary means of paying for services for users. Transactions done in TCC will have no service charges on the platform. Direct transactions between clients and service providers will translate to content creators making more for the work that they do and hiring entities spending less.

By running the platform on TCC, The Collective has been able to use DeFi technology to restructure freelance work paradigms while also creating enough liquidity for the ecosystem to thrive. Originally there were 500 trillion TCCs minted, with 250 trillion burnt before the launch of the token and another 45 trillion burnt after. For every transaction made, 5% of the total is burned and another 5% is allocated to the platform's liquidity pool. All tokens in The Collective's liquidity pool will be locked for a year. The Collective is set to launch its marketplace later on this month and the beta version of the platform's Dapp will be unveiled in late Fall.

In addition to serving as a connection hub for freelancers and clients, The Collective has plans of launching their own Collective Gaming platform for esports. The platform is set to be a marketplace for gamers with regular contests and prizes and will be paired with an e-sports betting Dapp. The Collective will be hosting its first esports gaming tournament on Twitch this month with a $1000 prize pool.

By combining a freelance economy with a robust gaming experience, The Collective is looking to provide users with clear use cases for cryptocurrency and clear advantages in using their platform. For more information on upcoming launches and contests check out The Collective's site.

About The Collective

The Collective is a decentralized marketplace for freelancers that connects them directly with clients. The platform's native TCC token will both provide it with a means of exchange and the necessary liquidity for stable functionality. In addition to its freelance marketplace, The Collective is developing a gaming community with prize pools and a betting Dapp.

Social Links:
Instagram: @collectivecoin_
Twitter: @collectivecoin_

Media Contact
Brand: The Collective Coin
Contact: Sal Tinajero, Co Founder
E-mail: marketing@thecollectivecoin.co
Website: https://www.thecollectivecoin.co/

SOURCE: The Collective Coin




Topic: Press release summary
Source: The Collective Coin


http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Singapore's Kris Infotech acquires majority stake in AGS Tek Partners, plans major US expansion  
July 26, 2021 08:00 HKT/SGT
HKTDC twin jewellery events open today  
July 25, 2021 19:00 HKT/SGT
Onomy Protocol Opens the Door For Institutions To Take On DeFi  
July 24, 2021 04:00 HKT/SGT
Plato Data and Blockleaders Partner to Leverage Plato's W3 Blockchain Platform  
July 23, 2021 18:00 HKT/SGT
Central Global Continues with Proactive Business Sustainability Measures Despite Lockdown  
July 23, 2021 11:30 HKT/SGT
Dynafront Successfully Lists on LEAP Market of Bursa Malaysia  
July 23, 2021 10:30 HKT/SGT
Eisai: FDA Approves LENVIMA (lenvatinib) Plus KEYTRUDA (pembrolizumab) Combination for Patients With Certain Types of Advanced Endometrial Carcinoma  
July 23, 2021 08:17 HKT/SGT
Cuentas and WaveMax Sign an Exclusive and Definitive JV Agreement for 1,000 Locations to Offer Advertising on WiFi6 Next Generation Patented Technology in Cuentas' "Bodegas" Network throughout the USA  
July 23, 2021 06:00 HKT/SGT
Sino Biopharmaceutical Donates Cash and Supplies Valued at RMB10 Million to Support Henan for Flood Relief and Preventing Epidemic  
July 22, 2021 19:26 HKT/SGT
Kristof Schoffling's Move Digital Sets Sublime Standards for Enterprise Blockchain Advisory  
July 22, 2021 18:00 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: