OP 03 March, 2021 - 10:59 PM
(This post was last modified: 05 April, 2021 - 09:04 PM by Etericnost.)
CryptoTask is a decentralized freelance platform.
It’s built on AEternity blockchain allowing for small on-platform fees. Track on-platform transactions at AEKnow.
CryptoTask acquired freelance.hr and got featured in Forbes, VentureBeat, CoinTelegraph.
Take a look at their development roadmap:
Here's an old technical whitepaper for those interested in the logic behind CTASK.
CTASK is a utility token, and you may read about it here.
I'll paste the content of the article for those who don't follow the outbound links.
Hidden Content
HOLD CTASK — reap the benefits
Holding CTASK will provide you with discounted prices for on-platform services you’d pay for in stablecoins.
The incentive for freelancers
Freelancers with a solid reputation will be able to pay to have their profile recommended to the clients and pay monthly premium subscriptions — with CTASK, of course, at a discounted price.
The premium model allows for more job bids, featured and recommended profiles, even fewer fees, and other benefits we are about to introduce.
The incentive for clients
Clients will be able to pay in CTASK to have their jobs pinned to the top of the page, making it a premium job listing. They’ll receive a list of recommended, highly skilled, and reputable freelancers for their job if they do.
Burning mechanics
CTASK rises in value as revenue-generating platform features get used, and circulating supply gets reduced. Revenue streams consist of featured profiles, featured tasks, escrowed tasks where the platform takes 3% of the total task value, and P2P marketing where the platform takes 10%.
![[Image: _2_2.png]](https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fthumb.tildacdn.com%2Ftild3530-3537-4532-b434-373030613233%2F-%2Fformat%2Fwebp%2F_2_2.png)
DAI collected from the platform’s revenue streams is used for purchasing CTASK, rewarding liquidity providers, and CTASK getting burnt. This mechanism reduces circulating CTASK, driving the price up.
Dispute mechanism
Reviewers within the CryptoTask dispute system are token holders who stake an amount equal to the task value they are putting themselves forward for a potential reviewer. Being a stakeholder means you already have a chance of being selected. That chance is directly proportional to that individual’s stake, preventing Sybil attack.
However, if stakeholders get randomly selected to be a reviewer, and the task goes into dispute, they must cast a vote on whether or not they think the job is completed. If a reviewer votes against the consensus or does not vote, they do not lose a percentage of their staked amount but don’t get rewards.
Some of the benefits of such a system include:
CTASK is locked in our farming contract, and liquidity providers get rewarded in CTASK for participating in the farming activities.
Update: February 15th — Farming proposal
CTASK-LP
CTASK-LP tokens are generated by providing liquidity to the CTASK liquidity pool, and they represent its shares. [/hide]
You may AMA and I invite you to join their Telegram group and a Discord server
It’s built on AEternity blockchain allowing for small on-platform fees. Track on-platform transactions at AEKnow.
CryptoTask acquired freelance.hr and got featured in Forbes, VentureBeat, CoinTelegraph.
Take a look at their development roadmap:
![[Image: photo.png]](https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fthumb.tildacdn.com%2Ftild6530-3738-4466-a535-393931376664%2F-%2Fformat%2Fwebp%2Fphoto.png)
CTASK is a utility token, and you may read about it here.
I'll paste the content of the article for those who don't follow the outbound links.
Hidden Content
HOLD CTASK — reap the benefits
Holding CTASK will provide you with discounted prices for on-platform services you’d pay for in stablecoins.
The incentive for freelancers
Freelancers with a solid reputation will be able to pay to have their profile recommended to the clients and pay monthly premium subscriptions — with CTASK, of course, at a discounted price.
The premium model allows for more job bids, featured and recommended profiles, even fewer fees, and other benefits we are about to introduce.
The incentive for clients
Clients will be able to pay in CTASK to have their jobs pinned to the top of the page, making it a premium job listing. They’ll receive a list of recommended, highly skilled, and reputable freelancers for their job if they do.
Burning mechanics
CTASK rises in value as revenue-generating platform features get used, and circulating supply gets reduced. Revenue streams consist of featured profiles, featured tasks, escrowed tasks where the platform takes 3% of the total task value, and P2P marketing where the platform takes 10%.
![[Image: _2_2.png]](https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fthumb.tildacdn.com%2Ftild3530-3537-4532-b434-373030613233%2F-%2Fformat%2Fwebp%2F_2_2.png)
DAI collected from the platform’s revenue streams is used for purchasing CTASK, rewarding liquidity providers, and CTASK getting burnt. This mechanism reduces circulating CTASK, driving the price up.
Dispute mechanism
Reviewers within the CryptoTask dispute system are token holders who stake an amount equal to the task value they are putting themselves forward for a potential reviewer. Being a stakeholder means you already have a chance of being selected. That chance is directly proportional to that individual’s stake, preventing Sybil attack.
However, if stakeholders get randomly selected to be a reviewer, and the task goes into dispute, they must cast a vote on whether or not they think the job is completed. If a reviewer votes against the consensus or does not vote, they do not lose a percentage of their staked amount but don’t get rewards.
Some of the benefits of such a system include:
- Selection happens in secret to prevent reviewers from influencing the consensus through collusion.
- A two-stage voting process (secret commit and then reveal) means reviewers can’t wait to see how other reviewers voted and then go with the consensus.
- Reviewers would generally be professionals with a relatively sizeable token stake and therefore in an excellent position to escalate and vote on a dispute.
- The previous paragraph sums up the dispute system with an incentive for reviewers being 10% of the task value split among them.
CTASK is locked in our farming contract, and liquidity providers get rewarded in CTASK for participating in the farming activities.
Update: February 15th — Farming proposal
CTASK-LP
CTASK-LP tokens are generated by providing liquidity to the CTASK liquidity pool, and they represent its shares. [/hide]
You may AMA and I invite you to join their Telegram group and a Discord server