Freelanex is a decentralized platform where freelancers can find work. The project team is developing a simple and intuitive interface for convenient use of the platform. And the introduction of Blockchain technology and smart contracts guarantees the execution of transactions between users and employers. Also on the platform will be access both paid and free courses for professional development.
Business Model Overview Freelanex (FLXC)
1. The validity of income
The project will receive revenue from user fees for concluding transactions on the platform. The fee will be 10% of the transaction amount, if paid in fiat currencies or BTC cryptocurrency. When paying with FLXC tokens, the fee will be 8%. The project team expects that approximately 5% of the total number of freelancers will use the Freelanex platform. It is also expected that by the end of 2021, 3 500 000 freelancers will be registered with Freelanex.
2. Number of currencies accepted
The project accepts such liquid currencies as: BTC, ETH, USDT, USD.
3. Token emission
The project has a limited number of tokens. During the ICO, 10 000 000 000 issued FLXC tokens will be available.
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 50%.
The provided flow chart shows the project goals until 2021 (p. 19 White Paper). After the ICO, the developers will allocate funds as follows: 35% - “Project development”, 30% - “Business development and operating expenses”, 10% - “Marketing”, 15% - “Development of infrastructure”, 6% - “Legal expenses”, 4% -“Cybersecurity”(p. 14 White Paper).
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which negatively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 1 000 000 and $ 10 000 000, respectively.
7. MVP availability
The project has been developed by MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token holders.