What is TroopWork Marketplace?
TroopWork Marketplace a new platform that is designed as an ecosystem where freelancers can be hired with the use of cryptocurrencies like Bitcoin. One of the very cool aspects of the system is the ability to eliminate fake profiles completely. All of the users are real people with actual identities. There are also low fees, as well as both buyer and seller protection.
How Does TroopWork Marketplace Work?
It’s not entirely clear how the platform operates yet. The company is still in very early stages of development. The site is barely up and running and still very limited when it comes to information. But it shouldn’t be too long before there is more information on the way the platform operates when it’s done.
From the first look, it’s pretty obvious how the system will work once operational. Of course, there are more details than what I’m about to guess, but I assume the premise works like Elance or Upwork, but with cryptocurrency. And, there will likely be tokens to purchase built on Ethereum’s blockchain technology due to the Smart Contracts. And it’s very likely that freelancers and businesses who have great reviews on the platform will also get bonuses with tokens.
Other then that, I’m not too sure what else they will place on the platform, but it could be very cool if done correctly. And as a freelancer myself, it’s an awesome idea to have a place that is safe and eliminates bonus profiles.
The only information I was able to find on the site was basically about how users can get started with the new system:
- First fund your account with WorkCoin – the first cryptocurrency designed for freelancers
- Find a service you’re curious about and click “Buy”
- The WRK will be debited via your personal account, then placed in escrow until the jobs finished
- Lastly, if any problems occur, the issue will be solved in 24 hrs. through independent arbitration
- List your service. For each listing they approve, you get $10 in their WorkCoin Token
- Service is delivered via chat
- Cash out your tokens any time for Ether
Who is Behind TroopWork Marketplace?
The startup is backed by two separate ventures, Upfront Ventures and Wellington Partners. They are both located in Santa Monica, California. At the time of this writing, the company has raised more than 7MM to date. It’s lead by longtime entrepreneur Fred Kueger. Fred was previously in development with Adconion and MMX, and is now heading the ICO for their specialized token – WorkCoin.
Other than that, there is a massive team of experts who are helping with the project. They include various blockchain and cryptocurrency experts. There are also other entrepreneurs and investors as well as marketing consultants and developers. Other than that, there are a few various other positions filled within the ranks of Troop Market.
TroopWork Marketplace Conclusion
There is still a lot that needs to be released before fully trusting the TroopWork Marketplace team and company. I’d like to see more information on the team members, with accessible social media profiles and background information.
However, they are still in early development and I’m sure they’ll get the website completely as soon as possible. Keep an eye on TroopMarket and hopefully they’ll deliver as they promise.