Taskfair describes itself as the “working man’s bitcoin”. Find out what that means today in our review.
What Is Taskfair?
Taskfair, found online at Taskfair.com, is a blockchain-powered ecosystem for home service on demand platforms and gig economy marketplaces.
A pre-sale for Taskfair tokens begins on March 15, 2018.
Overall, Taskfair sees itself as the “working mans’ bitcoin.” It’s a digital currency that can be used for real world tasks and services. The ecosystem will complete transactions in a decentralized environment. Transactions will be completed with smart contracts for improved fraud protection and low fees.
What Problems Does Taskfair Seek To Solve?
Taskfair believes there are major problems with today’s gig and freelance economy and the home improvement industry. Some of the problems listed in the Taskfair whitepaper include:
It’s difficult to ensure job success and user safety. Someone might pay a painter to paint their house, for example. That painter might do a poor job – but the painter still demands full payment for the job. The user either has to enter into a difficult conversation or pay the requested fee for subpar work.
Centralization and unnecessary information make booking a gig harder and more complicated than necessary. Home services platforms complicate the process.
Today’s platforms charge high fees of 5% to 30%. Taskfair will not charge a transaction fee.
Locating an appropriate specialist or handyman can be time-consuming and confusing due to an overwhelming variety of websites, apps, listings, terms and conditions.
There’s a lack of industry leaders (the biggest company in the freelance home improvement gig industry holds less than 10% of the market) and a lack of international standards. The biggest players, by the way, include Home Advisor, Angie’s List, Houzz, and Handy.
How Does Taskfair On-Demand Home Working Services Work?
Taskfair is a blockchain-powered ecosystem for home service on demand platforms and gig economy marketplaces.
The platform caters to a wide audience of home service providers and homeowners around the world. Taskfair aims to cater to this audience by offering improved fraud protection with escrow smart contracts and the lowest fees on the market. In fact, Taskfair doesn’t charge any transaction fees.
Some of the key features of Taskfair include:
- Diversity: Taskfair will aggregate listings across multiple marketplaces.
- Low Fees: Taskfair is free to use, and that means no transaction fees.
- Security: Users are protected with a smart contract that provides escrow services, which means funds are locked until the service is complete.
Overall, Taskfair aims to create and evolve a blockchain-based ecosystem for home service on demand platforms and gig economy marketplaces. The ecosystem will allow users to hire and engage service providers in a fast, easy, and secure way with minimal transaction costs.
The ecosystem will be decentralized and controlled by the Taskfair community. The community will interact with the platform using Taskfair Tokens, or TFTs.
Users can access Taskfair through their web browser or a mobile app. The website and app will aggregate listings from trusted market sources, then allow users to process transactions at an extremely low cost.
There will be two tokens used on the platform, including an external token (the Taskfair Token or TFT) and an internal token (called the “Taskfair Dollar”).
The Taskfair smart contract will outline all relevant details for a particular project, including pricing and completion time. It will also act as an escrow account by connecting with the service provider’s wallet and the customer’s wallet. If the contractor completes all work on-time according to the specifications in the contract, then the money will be released from escrow.
The team is currently on version 0.9 of the Taskfair platform. By version 1.0, the company plans to incorporate smart contracts, Taskfair Token support, and more into the platform. Here are some of the features planned for version 2.0:
- Contract enforcement mechanisms
- Dispute resolution mechanisms
- User IDs to expedite repeat visits
- Reciprocal rating systems
- An aggregator platform
- The ability to purchase home improvement products and accessories
- The ability to create a profile to display home improvement achievements, then receive upvotes and rewards
By version 3.0, Taskfair plans to implement even more advanced features, including the ability to follow the home improvement projects of professional athletes and celebrities, the ability to track any project over time, community voting and rewards, priority listings, advanced analytics for service providers, and more.
Taskfair Road Map
The idea and research for Taskfair was completed all the way back in 2015. The company claimed to have started developing their concept and web product in 2016, with the beta testing completed by July 2017. A smart contract and whitepaper was released in December 2017. Finally, in March/April/May 2018, Taskfair is ready for its token sale.
The Taskfair mobile app is scheduled to launch in July 2018. Machine learning will be implemented into the platform in October 2019.
Taskfair TFT ICO Details
TFT tokens are ERC20 tokens on the Ethereum blockchain. There’s a total supply of 200,000,000 TFT tokens.
Of the total supply of Taskfair tokens, 50% is being sold to the crowd during the token sale. The remaining tokens are reserved for a growth fund (30%), advisors (7%), developers (3%), founders (5%), and end users (5%).
Taskfair has set a hard cap of $15 million USD for the token sale.
The pre-sale is scheduled for March 15 to April 15, 2018, with the main crowdsale taking place from April 16 to May 16, 2018. A minimum contribution of 0.1 ETH is required for the token sale (Taskfair is accepting contributions in BTC, ETH, and fiat currencies).
The price of TFT will be set at 1 TFT = $0.10 USD, with bonuses of 5% to 30% available during the pre-sale.
Who’s Behind Taskfair?
Taskfair is led by co-founder and CEO Pavel Popov, a business development director and partner at Radugadesign. Other key members of the team include Bryan Cohen (co-founder and COO), a business guru with international experience, Anna Justice (co-founder and BDE), an entrepreneur, real estate insider, and international trade expert, Vadim Volgin (co-founder and CMO), an entrepreneur, investment manager, and marketing agency owner, and Mark Schwartz (co-founder and CSO), a technology attorney and blockchain evangelist.
Taskfair was founded in 2015. The company is based in Miami Beach, Florida.
Taskfair aims to change the way we book service providers in our home. The platform will allow users to enter into smart contract-based agreements with contractors and other home improvement professionals. Today, this market is not dominated by any single provider. Taskfair sees an opportunity to dominate the marketplace by offering low fees and better security.
The token sale for Taskfair Tokens, or TFTs, is taking place from March to May 2018.
To learn more about the project, visit online today at Taskfair.com.