Unolabo is a decentralized peer-to-peer marketplace where people can exchange skill-based services. Here’s our review.
What Is Unolabo?
Unolabo is a blockchain-based marketplace based on people’s skills. The Hong Kong-based company launched its ICO on September 4.
The goal of Unolabo is to create a global, self-regulated, decentralized skill marketplace that can accommodate all employable individuals in the world. The marketplace is designed to be available to anyone who has access to the internet through a smartphone.
Basically, it’s a blockchain-based marketplace where users can buy or sell skills. You can also lead workshops over the platform, which means you teach other people your skills.
At the moment, Unolabo is in a bit of a state of flux. The company’s ICO launched at 7am on September 10, and China banned ICOs at 10am – so the ICO, at least, is stalled for the moment. However, Unolabo plans to continue as soon as China releases a firm update on its regulations.
How Does Unolabo Work?
Unolabo uses Ethereum-based smart contracts and escrow payments to facilitate interactions in a skill-based marketplace. The platform also includes international job stats, data analysis of search queries, and other metrics. This allows users to see which skills are in demand, or to conduct other research without the need to reveal a user’s personal information.
The platform is being built with an international audience in mind. Unolabo is emphasizing a user-friendly UI and easy accessibility. The Unolabo whitepaper and website makes numerous mentions of “the next billion users” – which include the next billion people to access the internet. These people may have unique skills – they just need a way to share and market those skills to the world.
All payments on the Unolabo platform will take place using Unolabo tokens, which are utility tokens that can be used to pay for goods and services on the platform.
How To Use Unolabo
You can test the platform yourself today at Unolabo.com, where a basic version of the platform is available to the public.
There are two fields on the website:
- You choose whether you’re looking for someone who “Wants to Teach”, “Wants to Learn”, or “Knows How To” do a particular skill
- Then, you type that skill into the website to see what comes up
The Unolabo skills marketplace can be used to advertise your skills on the internet, to buy goods and services, or to lead or participate in workshops.
Unolabo emphasizes the following features:
- Secure Transactions: Payments are processed only after the services are delivered. If the job isn’t done, or if the goods and services aren’t delivered, then Unolabo will return the money.
- Large Skills Database: The Unolabo database promises to enable placement of an unlimited number of skills, close any number of deals, and find contractors for any task.
- Monetize Your Hobby: Whatever unique skill you have, you can turn your hobby into a money-making opportunity.
Adding your skill to the Unolabo marketplace is as easy as visiting Unolabo.com and entering your skill. You can market yourself online, or even lead workshops to teach others your unique skill.
Who’s Behind Unolabo?
Unolabo is headquartered in Hong Kong.
The company was founded by Timur Galiev and Iskander Galiev in July 2015.
Unolabo And China’s ICO Ban
A number of China-based startups have been thrown into turmoil after the September 2017 ICO ban. Unolabo had one of the most unfortunate experiences with that ban.
The Unolabo ICO began at 7am, and China announced a ban on ICOs at 10am. The company claims that in the first 45 minutes, they received 97 ETH in investments, and their smart contract successfully generated UNLB tokens and sent those tokens to holders. Then, the ban struck, and the company was thrown into a state of flux.,
Ultimately, Unolabo’s ICO is on hold for now. However, the company expects that the country will create new regulations within about a month, at which point they can proceed under the new environment.
Unolabo is careful to insist that its token is not a security token: it’s a utility token. The token will serve as a means of payment for secure transactions that take place across the Ethereum blockchain between platform users. Users can use the token to pay for products and services in the Unolabo skills marketplace.
Unolabo is creating a decentralized, peer-to-peer marketplace where users can buy or sell skills. The marketplace allows users to lead workshops where they teach other users their skills, sell products and services to other users in a P2P environment, or purchase products and services from other users. You can monetize the skill or purchase unique skills from people around the world.
The Unolabo project is in a bit of a holding pattern at the moment: the company launched its ICO at 7am on September 10, and China announced its ICO ban at 10am. However, the company aims to resume its ICO within a month – or whenever China announces new regulations.
To learn more about Unolabo and how the decentralized, skill-based, peer-to-peer marketplace works, visit the official website today at Unolabo.io. You can also view a fully working version of the platform at Unolabo.com.