Decentralized ecosystem for Freelancers - BLUE WHALE FOUNDATION

thilinanamal (34)in #ico • 6 years ago (edited)

The difficulties faced by freelancers, free and casual workers have risen. For example, lack of social protection and job security, or infinite uncertainty that follows this mode of work.
However, the global market for self-employed and / or part-time employees spent on a vehicle in recent years has been growing steadily and is expected to grow in the future. It is estimated that only in 2027 the self-employed explains 58% of the US labor force.This peer-to-peer space platforms such as Airbnb and Uber represent a large part of that growth. As a result, millions of people (self-employed) around the world depend on such and similar platforms.

In addition, with the problems mentioned at the beginning, these service providers address new difficulties of self-employed:

By charging huge commissions, most of these platforms charge between 20 and 50 percent of each transaction.
By paying high marketing and advertising fees: Facebook ad and Google Adwords have CPCs standing between $ 72 and $ 2 and the faculty stands between $ 18.68 and $ 59.18.
It does not provide enough for the safety of this platform to offer employment the benefits of self-employment is highly uncertain. Interrupting activities automatically leads to a reduction in revenue.
The blue kit foundation seeks to improve the self-employed economy by leveraging blockchain to offer self-employed benefits such as vacation and retirement traditionally for employees.

What is Blue Whale Foundation

The Blue Foundation Foundation wants to build a decentralized ecosystem, based on blockchain and smart contracts, which aims to offer self-employed and small business owners with the opportunity to expand their business at a lower price.

The platform also aims to provide self-employed benefits with benefits that are usually reserved for us (paid holiday or sick leave, better pension plan. In addition, the project plans to create, through the use of smart contracts, a reward system that enables network users to be rewarded with BWX symbols while performing certain actions of the platform
In addition, the goal of the project is to reduce the commission rate as well as marketing and advertising costs. Therefore, the worker optimized load Guard is a reward (work) system designed to use smart contracts. It allows you to find an answer to the current questions, but also to fight the monopoly on giants in the web like Uber or AirBnB for example.

The Blue Whale wants a project to establish an administrative structure in the form of daou (Decentralized autonomous organizations). This type of administration should be tailored to the needs of different stakeholders and will allow them to vote on how they want the platform to evolve. For example, the policy, rate and other parameters of the platform use can adjust the community requirements. It should be assumed that the blue foundation is the foundation of Verlocal, a company that has already designated an online equivalent service in the Central. Official sources say Verlocal's turnover is about 10 percent every year.

How does it work?

The blue kit will rely on its blockchain-based system and clever contracts. The system is based on three basic points:

1. Activity Manager Contribution (CAM)

Activity Manager Contribution: This is an activity manager that allows you to "hunt down" and reward users who help drive freelance traffic. This can turn any user into a potential advertiser and create an alternative to centralized advertising platforms like Google AdWords or DoubleClick that practice commission rates. Without being exhaustive, here are some of these activities:

Reference users who sponsor users who will use the platform to make a service purchase will be rewarded with 5% of the amount of the purchase.
Creating leads: freelancers who will generate new freelancers (aka cables) on the platform will also be rewarded.
Conservation: This is a very important part of the ecosystem. It is essential to ensure that newcomers to the platform are well controlled, allowing only the best freelancers to be selected. As a result, users will be rewarded for their conservation efforts. Only the most qualified, users will have the right to participate in the preservation of processes.
Verification: once the arrival of a new Freelancesvalidée, the work it produces will also be checked at the level of quality. As a result, there will also be audit rewards that will be paid to users who will be performing quality checks on the work of new freelancers.
Arbitration: There will inevitably be discrepancies between customer expectations and the work done by freelancers. It is at this precise moment that an arbitration request can be made. The platform will set up a "council" to proceed with the arbitration which will be composed only of the most experienced freelancers.
Reputation scores: A rating system is crucial for the proper functioning of a decentralized network. It is therefore essential that freelancers be evaluated for their services and evaluate other freelancers. In order to encourage evaluations, those who are aware in the BWX chips.

2. Decentralized Associated Network (DAN)

Associated decentralized network: The main objective of this component is to collect data on the user and the construction of a decentralized network. User data will be collected in online traffic as is currently done by Google or Facebook. This will require the installation of SaaS tools (eg, booking widgets) on websites or social media accounts that will turn into a blue whale network node.
The collection and analysis will be performed using Big Data and machine learning. Note that the blue whale will take the data protection of the user very seriously.

3,INSIDE Reward Bank (ReBa)

The Bank Rewards (ReBa): The "Rewarding" Bank of the Blue Whale Ecosystem is positioned as the central repository that will receive and disburse the BWX tokens used to reward contributors.
This bank will initially be financed with 20% of the amount of chips sold to the ICO. In addition, 60% of net profits and rewards for referral missions will be held in this bank.
These funds from the bank will be used as fringe benefits for freelancers. They will be used, for example, to pay pensions in the form of a lump sum or monthly installments or to offer paid holidays in case of events such as sick leave.
If ever, the amount of reserves held by the bank are less than 20%, there will be a new number of tokens to fill the reserve.

The BWX token

The token of the platform is the BWX (Blue Whale eXchange). This is a useful token based on the ICON blockchain that will be used to pay service providers as well as to reward Freelancers for their network activities (sponsorship, validation, arbitration).

BWX tokens also give their holders the right to vote in the decision-making process. And the more a user holds tokens the more weight he has in voting.

The unit price of a BWX token is $ 0.0010 USD (0.00125 SGD) and the BWX token should be listed on trade during the third quarter of 2018.

The ICO

In order to develop its ecosystem, Blue Whale launched a fundraising in two stages: a presale and an ICO. The presale took place from April 2 to 15, 2018. With the private belly and the presale, the sum of 25 million SGD was reached. The ICO will take place over a month, starting May 24, 2018 at midnight. The goal is to raise an additional 5 million SGD.

The SoftCap is to SGD 25 million and Hardcap was decreased to 30 million (originally Hardcap was set at 55 million SGD). There will be 105.6 billion BWX token issued, half of which will be sold during the various phases of the ICO. For 1 SGD (Singapore Dollar) you will get 800 BWX and for 1 USD you will get 1,056 BWX.

To participate in the ICO it is necessary to go through the traditional KYC available once are created account on the website https://www.bluewhale.foundation/ .

It is important to note that the Blue Whale Foundation is the first ICO to accept ICX cryptocurrency as an investment currency.

The project roadmap

The project roadmap spans the past two years since the launch of the Mainnet's blue whale network is scheduled for Q4 2019. In the meantime, the various steps will be as follows:

Q2 2018: Blue Whale Network Testnet.
Q3 2018: Integration of the Verlocal on the blue whale network.
Q4 2018: Launch of the protocol for the publication of an alpha version in the United States, Canada, Singapore and Japan.
Q2 2019: Launch of the deployment solution cam in 2 or 3 European countries.
Q3 2019: Launch of the Proola ReBa
Q4 2019: Launch of the Blue Whale Mainnet network
one of the highlights of the project, in addition to the quality of the team and ambition, is the list of partnerships already established. These include the icon, Verlocal Theloop Kozaza, Foundation, and Bloter