LangPie is an online translation platform built on blockchain technology. Find out everything you need to know about the platform today in our review.
What Is LangPie?
LangPie, found online at LangPie.io, is an online translation platform currently going through its pre-ICO and ICO. The pre-ICO concludes at the end of October, with the ICO beginning in November.
The overall goal of LangPie is to create a world of free and fast communication without the constraints of language barriers. To accomplish this goal, they’re developing a platform “where top interpreters can help users seamlessly connect with people anywhere in the world.”
You access the platform through a mobile app or web app. You can choose which two languages you’re working with, then tag your search with additional qualifications. If you need someone to translate medical terminology, for example, the you may attach tags like “medicine” and “doctor” to your translator search.
Basically, LangPie is a decentralized marketplace to connect translators with people who need translation services. You can browse through interpreters using the LangPie app. Or, you can schedule an instant call if you need translations as quickly as possible.
How Does LangPie Work?
LangPie consists of a user-friendly application available on your phone or any web browser. You can use the app to maintain a conversation between you and a native speaker – even if you two don’t speak the same language.
The platform is built on blockchain technology. LangPie uses blockchain for a built-in payment mechanism. Payments are executed with smart contracts at the conclusion of each translation session. You pay for the minutes spent translating – nothing more or less.
Meanwhile, anyone who speaks 2 or more languages can join the LangPie platform to make money through interpretation services. LangPie will implement a review and reputation system that makes it easy for clients to choose the best interpreter for the job.
LangPie will monetize the platform by charging a commission of 5% on every deal between clients and interpreters.
How To Use LangPie
When someone needs a translator, they’ll choose the language pair and then attach a tag describing the situation. Those tags could be “business”, “tech”, or “medicine”, for example. Then, the LangPie system automatically searches for suitable and available online interpreters.
Users can search through interpreters based on their rating, price, or relevance. Once an interpreter is found, the meter turns on and reserves some tokens from the user’s wallet. The user can continue the conversation for as long as they have tokens in the world. An alert will sound when the user will reach his limit within 1 minute.
There’s also an “Instant Call” feature where users can select their requested languages, then connect to the first convenient interpreter with a single tap. With this feature, you can access translation services immediately instead of scrolling through a list.
The entire transaction process is secured with smart contracts.
LangPie Features and Benefits
LangPie advertises all of the following features:
Web And Mobile Apps
LangPie aims to be a fast, simple, free voice translation app available on any phone or internet-connected device. You open the app, choose an available interpreter, and start communicating in any language.
Instant Online Translation With Real Interpreters
LangPie will receive only quality translations made by professional interpreters instantly and cheaply, anywhere in the world where there’s an internet connection.
LangPie emphasizes low fees. You only pay for the minutes the translator is directly translating. Meanwhile, translators make more money by eliminating a middleman and accessing a worldwide network of potential clients. This creates a marketplace where supply and demand can efficiently decide on a translation price.
Smart contracts technology ensures the entire payment process stays protected and guarantees the safety of funds. Smart contracts are used to avoid third party intermediaries while also executing contracts automatically in a time-sensitive way.
Who’s Behind LangPie?
LangPie is led by CEO Cedric Hung. The company launched its pre-sale in September 2017, with an MVP scheduled for release before the end of 2017. By Q1 2018, LangPie hopes to launch open beta testing for iOS and Android along with its smart contract-based payment system. By the end of 2014, they hope to have 20,000+ active clients and 500+ interpreters added to the platform.
The LangPie ICO
LangPie will issue LGP tokens to develop and finance the platform. A total of 86 million LangPie tokens will be released. The pre-sale started on September 28, during which 4 million LGP tokens will be sold.
The ICO, meanwhile, is scheduled for November 2017, when 80 million LGP tokens will be released. The price through both the pre-ICO and ICO is set at $0.10.
LangPie aims to disrupt the global translation service industry with fast, convenient, affordable translation services. The company uses blockchain technology and smart contracts to create a secure, trustless exchange between translators and clients. LangPie charges a 5% fee as commission while making it easy for anyone in the world to access translation services at any time.
You can learn more about LangPie online today at LangPie.com.