Native Currency wants to be the future of the freelance industry. Find out everything you need to know about the Ethereum-based cryptocurrency today in our review.
What Is Native Currency?
Native Currency, found online at NativeCurrency.com, is a cryptocurrency built on the Ethereum blockchain. The cryptocurrency, in the words of the official website, “provides multiple rights of access and use of network utilities designed to benefit the international freelance industry.”
The Native (NATV) token sale launched early in September and is taking place until the end of the month.
Native Currency is being developed by a freelance marketing platform called GIGB2B. As a Native Currency token holder, you’re eligible to post services on GIGB2B or purchase freelance services through the platform. In the future, Native Currency wants to partner with other freelance platforms – although GIGB2B is the only one listed to date.
Overall, the goal of Native Currency is to capture earnings from the international freelance industry. Let’s take a closer look at how Native Currency works.
How Does Native Currency Work?
Native Currency is designed to be a smart contract-based system. Users can use the NATV token to provide rights of access to the professional and freelance service industries while providing the necessary network tools that enable NATV token owners the rights to sell products and services, contribute labor, and obtain access to freelance jobs through networks affiliated with Native Currency.
As a NATV token holder, you have the right to sell products and services on the Native Currency network, and you also have the right to buy products and services from the Native Currency network.
The ecosystem revolves around the use of smart contracts. The Native Currency smart contract holds funds in escrow, then releases the tokens to the freelancer once the work is completed or delivered.
Native Currency Features
The currency advertises all of the features:
Turn Tokens Into Cash: Native Currency is “developing partnerships that will allow NATV token holders to be able to exchange NATV into other preferred local or native currencies.” Some of the targeted currencies so far include the USD, the Ruble, the Rupee, the Yuan, the Yen, and others. It’s unclear what the company means when it says “developing partnerships.”
Rights of Network Access: As an NATV token holder, you have the right to access Native Currency’s affiliated freelance networks. So far, the only named partner network is GIGB2B.com. On affiliated networks, you can advertise freelance jobs, hire freelancers, create freelance profiles, advertise professional services, and bid on freelance projects. GIGB2B.com, by the way, is leading the development of the Native Currency token.
Fast Escrow Payments: Any employer can pay freelancers securely using the Native Currency smart contract. That smart contract holds funds in escrow and releases Native Currency tokens to the freelancer after the work has been completed or delivered.
Right to Sell Products & Services: NATV token holders have the right to sell or advertise professional products and services through the company’s affiliated freelance and business marketplaces.
Premier Payment Solution for Freelance Work: Native Currency aims to be the preferred payment method for every type of freelance work around the world, regardless of the hiring platform used.
Web Hosting: NATV token holders will be able to host websites using NATV tokens, or earn NATV tokens by contributing sales or technical support to other hosting members.
The Native Currency Token Sale
There will be a hard cap of 30 million NATV tokens. 1 ETH = 1,000 NATV tokens. The sale began on September 4 and ends on October 3 (although the whitepaper originally listed slightly different dates, going from September 1 to September 30).
As a token holder, you have the right to access the freelance marketplace. You also have the right to use the platform’s freelance network and payment networks, and you have the right to sell or offer freelance services and professional business services.
The tokens do not provide any equity in the company, nor do they provide any ownership or rights to revenue/profit.
Who’s Behind Native Currency?
Native Currency is being led by GIGB2B president Jason Hoff, listed as the founder of Native Currency. No other individual team members are listed under the “Developers” heading. However, the companies GIGB2B and Hash Code Programmers are both listed as developers. The company is based in the Chicago area.
Native Currency Conclusion
Native Currency is a digital currency targeted towards the global freelancing industry. Holders of Native Currency tokens can use the tokens to access the Native Currency marketplace. As a token holder, you can advertise services on the GIGB2B platform or buy products and services on the platform. Token holders have no ownership in the company, nor do they have any rights to any profits.
The Native Currency token sale is ongoing throughout the month of September. You can learn more about the token sale online today at NativeCurrency.com.