Moonlighting, a mobile marketplace devoted to help freelancers find work, has recently announced that it will join forces with Entoro Capital, a banking and financial service provider, to finalize the Simple Agreement for Future Equity with Token Allocation (SAFE-T) as an effort to launch its token sale.
In addition to Entoro’s involvement, New Alchemy will also onboard the project as a well-wisher during the token sale. As for the usefulness of the token, it has been proclaimed as one to follow security laws and will potentially allow token holders to participate in the company’s successes. Whether that implies rewards or not was not clearly stated.
According to a statement released by the Founder and CEO of Moonlighting, Jeff Tennery, he believes that both employers and employees within the freelancing industry will be benefitted throughout this process. In particular, he said:
“By adopting blockchain into our profile management system, we can provide hirers a more trusted avenue for recruitment as well as give our freelancers the freedom to control and manage their own data.”
A facet that makes Moonlighting a worthy platform, is their focus on decentralizing profiles. By doing so, freelance writers will be able to sign into one account that allows them to access several writing jobs across different mediums, which is both time and cost efficient. It has also been stated that the profiles and related data will be stored onto the blockchain platform to increase traceability and trust.
James C. Row, CFA and Managing Partner of Entoro, seems to be fond of Moonlighting, as Row praised the company’s team, emphasizing that they, along with the
“counsel are first rate, with the credibility and track record of building scalable platform businesses.”