PRESS RELEASE. The past decade has witnessed a revolution in traditional finance led by the use of blockchain technology. Blockchain technology has shown more usage scenarios since the development of the leading Bitcoin coin.
It has been used in various sectors of the global economy, including health, agriculture, inventory management, finance, and many more. However, one sector in need of blockchain application is the online marketplace industry.
Freelancing has become popular with more skilled workers who prefer the flexibility of freelance jobs over the restrictive nature of traditional office jobs. This has led to a unique industry where people work remotely and are paid for their services. Traditional freelance marketplaces such as Upwork, Fiverr and Freelancer.com offer employees from all over the world in a favorable environment the opportunity.
However, these platforms are not perfect and have major flaws. They typically charge employees high commission fees with Fiverr and Upwork charging up to 20% and also have a waiting time before funds are received.
Keep2r network is trying to change this by using blockchain technology to create a platform that allows employees to connect with job openings.
What is Keep2r Network?
Keep2r Network is a decentralized platform inspired by Andre Cronje’s Keeper Network. Cronje is a famous crypto developer behind the successful YFI defi protocol and Keeper Network.
Keep2r Network is a successful split from the Keeper Network and implements the core functions of a decentralized platform. It is a decentralized platform for projects requiring external developers and for development teams to find jobs. This essentially makes it a job matching platform.
A unique platform for developers
The Keep2r network ensures that developers who execute assignments are rewarded quickly and that everything runs on the blockchain. The main components of the Keep2r network are the Keeper.
A Keeper is a term used to describe a person or team performing a task available on the Keep2r network. These tasks can be as simple as creating a transaction or complex programming tasks outside the chain.
What makes it Keep2r network uniquely, it allows contracts to register as jobs for goalkeepers who then sign up to pick up available jobs. Each keeper can also set up his own rules and infrastructure based on transactions that he believes are profitable.
Jobs on the platform are in the form of a smart contract that requires action from goalkeepers. These contracts are designed to be executed correctly and can be followed up by goalkeepers after registration.
Keep2r is completely decentralized and members are involved in creating and executing smart contracts (jobs). All an employee needs is to register as a holder. The process can be performed without KPR tokens and users can participate with a bond.
The process then begins a bonding period that lasts 3 days, after which you can activate as a keeper. Once this process is completed, a timestamp will be registered in the Keep2r blockchain network.
Meanwhile, job creation is flexible and provides an incentive mechanism for all parties involved. This is achieved using two different approaches, the first is through governance where a proposal is submitted to include the contract as a job. If the board is approved, it will be registered as a job.
The second way is to register a job through the Keep2r contract. However, using this method is complex and will create a pending governance vote for the task specified by the address in the function arguments. It also has a limit on applying for a job every 14 days through the address.
Payments are made through three mechanisms, including payment via the native token KP2R, using Ethereum and liquidity-backed tokens.
Keep2r Network is powered by its own token KP2R, which is used to initiate smart contracts and also pay rewards on the platform. KP2R is an erc-20 token built on the Ethereum blockchain network.
Apart from this, the token can also be used for rewards and can also be redeemed on popular exchanges including Uniswap.
And last but not least, Keep2r network is an ideal platform for devotees of decentralized platforms with its innovative ideas. You can learn more about the token at CoinMarketCap and read about its uses on its own website.
This is a press release. Readers should do their own due diligence before taking any action in relation to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image Credits: Shutterstock, Pixabay, Wiki Commons