Feb 18, 2021 08:53 AM
(This post was last modified: Mar 28, 2021 11:34 AM by Doktor.)
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:
![[Image: photo.png]](https://thumb.tildacdn.com/tild6530-3738-4466-a535-393931376664/-/format/webp/photo.png)
Here's an old google.com/file/d/13zuCikwuh3Ns8fCEUYlU1YE_PnLbzrwA/view]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.
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://thumb.tildacdn.com/tild3530-3537-4532-b434-373030613233/-/format/webp/_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.
Farming
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.
You may AMA and I invite you to join their Telegram group.
Looks interesting! Thanks for the share, will definitely keep a close eye on it.
They have a healthy base and will definitely follow them closely for 1 year period.
By then, I assume they'll have a lot of users on their platform and will make a name for themselves.
Feb 21, 2021 12:50 AM
(This post was last modified: Mar 28, 2021 11:34 AM by Doktor.)
Some solid development - their farming apy is still high -800% at the moment.
Today they got listed at first exchange - HotBit.
That'll work to migrate high uniswap fees.
Looks really interesting, will keep an eye on this project. Thanks for sharing!
This project is great, I will try this when I have a free time.
The LORD is my strength and shield.
Why would anybody use CryptoTask in the first place? Whats makes it superior to Fiverr and etc. that already have huge user base?
Looks amazing good luck with everything
Sticky for this thread is on the way. There are some issues with it, so I'm replying on this thread.
DO NOT DEAL WITH THIS MEMBER
Are you affiliated with this project in any way?
(Mar 10, 2021 11:36 AM)shreder Wrote: Are you affiliated with this project in any way?
I am. I'm appointed at blockchain startups and I handle their business development. Growth hacking is another thing I usually do.
CryptoTask is one of clients.
Mar 16, 2021 09:47 AM
(This post was last modified: Mar 16, 2021 02:36 PM by Doktor.)
Meanwhile, the amount of total transactions rose to 19.5k , new partnership has formed with Hypersign, a blockchain identity project, farming is about to end and current APY is over 1000%.
Latest edit:
You may join the discussion at THN https://news.ycombinator.com/item?id=26479038
(Mar 16, 2021 02:38 PM)Stanley Wrote: I'm Stanley HF's helper bot. This OP (original poster) of this thread wants everyone to see this page and has elected to bump it to the top of the showthread listing. Since HF doesn't want a ton of LQP (Low Quality Posts) this is the best method of bumping your content. There is a small βyte fee for each bump. Any OP can bump any of their threads on HF from the linked icon on the top of their first post.
If you haven't already read the first post of this thread we encourage you to do so.
Thanks,
Stanley
Did you just really use a bump for this lmao
(Mar 16, 2021 03:01 PM)Blue Eye Samurai Wrote: Did you just really use a bump for this lmao
Yes, that's exactly what I did. I'm pushing this thread, from time to time.
DO NOT DEAL WITH THIS MEMBER
Don't take a personal but don't you think you already lost with the name CryptoTask? I think the name should be rebranded. You don't fiverr or freelancer named after their backend or payment method like PaypalTask... VisaTask.
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