Please describe your proposed solution.
Our solution
Establish a freelancers' platform, offering affordable Blockchain and technology services, facilitating the connection between project owners and freelancers, and assisting Catalyst-Cardano projects and Blockchain start-ups growing faster.
Reasons for approaching:
1. The demand for talent in the field of Blockchain, web3, and IT is high.
Talent recruitment salary for Blockchain, web3, IT industry is high. This proves the shortage of human resources and the high demand for recruitment.
Demand for talent in crypto is less dependent on the market as the industry matures.
<https://cointelegraph.com/news/demand-for-talent-in-crypto-less-dependent-on-market-as-industry-matures>
<https://cryptojobslist.com/blog/2022-crypto-jobs-report>
2. Most of the skilled human resources are looking due to job cuts in many large companies.
<https://news.crunchbase.com/startups/tech-layoffs/>
3. Project owners in Cardano, Catalyst, and Blockchain have difficulty finding talent that fits within the budget. That affects the progress and completion of the project.
- 48%(~642 Incompleted proposals) of 1349 funded proposals are still PENDING,
- and the average completion ay is only <40% in the previous funds in 2022 (Fund 7,8,9 which are 1 year old already.)
LINK SOURCE:
There could be some challenges for this for more than 1 year incompletion rates
- The financial management of the proposal team due to the fluctuation of ADAUSD
- The skillsgap between qualify Freelancers vs. Business demands.
- The lack of particular hub for freelancers especially in Cardano blockchain, Plustus, Haskell programing languges, etc… while Cardano are more and more coming to Smart Contract and heading to Voltaire era.
- dRep delaying: this also poses a thread on the quality and highly-skilled proposers to have capacity to manage project ontime.
However, positively we see a slight decreases around 5% in incompletion rates vs. first half of 2023. And we see a better rule for Proposers with max cap of number of Proposals and the latest deadline completion for past funded proposals. This will also help the Catalyst Cardano community become better.
Project end-users aim:
The proposed platform would enable to engage the following users.
- Project Owner
- Company
- Freelancer
- IT, Web3, Blockchain Talent (enthusiasts)
- Service Provider
Project demonstrate outcomes
(*See the part [CAPABILITY/ FEASIBILITY] for further data and information)
- Help start-up projects in the fast-moving and emerging blockchain technologies and the Cardano ecosystem possibly find suitable talent sources.
- Provide a large and feasible amount of work and tasks for those who are seeking extra income to cover job layoffs from tech companies and increase the chance to explore new job opportunities in the blockchain domain based on the existing skillsets.
- Increased number of projects completed in Catalyst - Cardano.
The uniqueness of this solution and why this is important to Cardano.
- Integrate the five most recognized Cardano light wallets: Lace, Eternl, Typhon, Flint, and Nami, onto our platform as the primary payment methods between involved parties.
- Apply smart-contract to ensure the final payment of the involved parties fairly and transparently.
- Automatically categorize freelancers into different levels based on the available criteria.
Our improvement on the current MVP of the dApp Web3 service marketplace.
- Business Model
As we taking input from the community, we adding the new thing on our business model (although we were funded by Project Catalyst since Fund 8, 9) but our Business model does not vulnerably rely on Project Catatlyst.
In order to be breakeven we need a monthly transaction of 1200 job done, and we charge the Freelancers 10% , Businesses 3% (compared to other Market Place platforms like Fiverr Upwork with 20% for Freelancers, 5-10% for PRO businesses, plus platform fee
This made us more competive and utilized thepower of Blockchain and Smartcontract for Automation while provide the reasonable services for the Cardano community.
- We have Payment options.
In order to be suitable with Payment gateways, we have offer both
-Cardano -based wallet transations and Pay Pal for market which are not legally viable for cryptocurrency transation.
- Community is key
We have freequent community activities to bond with freelancers and understand businesses so that we can offer them not only jobs, but coaching on-the jobs, lifestyles and educations/tips for a thriving community customized based on languages speaking.
- New UX/UI
We are also taking feedbacks from community for a more User centric UX/UI experience with a 3rd Dev partner.