Unolabo is a decentralized, P2P marketplace where freelancers can sell their skills in exchange for digital tokens. Here’s our Unolabo review.
What Is Unolabo?
Unolabo, found online at Unolabo.io, is a decentralized P2P platform that provides smart contract-based deals on the Ethereum blockchain. The platform is designed to compete with existing freelance platforms.
The Unolabo ICO is taking place throughout October, November, and December.
The goal of Unolabo is to create a global self-regulatory, decentralized skill market that will be accessible to all employable inhabitants of the world. If you can access the internet through your smartphone, you’ll be able to sell your skills through the Unolabo marketplace.
The initial goal of Unolabo is to launch throughout Asia. The goal is to cover 850 million+ users throughout Asia by 2020.
An alpha version of Unolabo can be found online today at unolabo.com/
How Does Unolabo Work?
Unolabo is a skills marketplace where users can buy or sell skills online. Users can also conduct workshops or sell goods and services through the Unolabo marketplace.
You can register a profile with Unolabo in minutes. You list your skills in your profile. You can upload an unlimited number of skills for free. Unolabo claims their platform will always be free.
With Unolabo, anyone can act as both a customer and a contractor. You can use the platform to sell your skills. Or, you can join a workshop to learn a new skill.
Transactions are made without intermediaries. They’re peer-to-peer transactions. Every transaction involves a smart contract. When the transaction is completed, the smart contract automatically sends money to the seller. The smart contract acts as a secure escrow service between providers. Unolabo has a dispute resolution in place in the event of any disagreements between the buyer and seller. The dispute resolution process is outlined extensively in the whitepaper.
In terms of monetization, Unolabo plans to charge a 2% commission for all transactions that take place on the platform.
The Unolabo Token Sale
The Unolabo pre-sale took place throughout September 2017. The crowdsale is taking place from October 5 to November 20. During the crowdsale, 1 ETH = 500 UNLB tokens.
There’s an approximate total supply of 60 million UNLB tokens. The exact number of tokens will be defined at the end of the sale based on the amount of contribution.
76% of the total supply of UNLB tokens will be dedicated to the token sale. 12% is reserved for the team; 10% for the incentive reserve fund; and 2% for bounties.
Unolabo has set three different funding targets with its crowdsale. If they raise 10,801 ETH, they’ll launch the platform in Eastern Asia (Hong Kong, South Korea, and Taiwan). If they raise 32,861 ETH, they’ll launch the platform throughout Southeast Asia to 300 million+ users (Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, and Vietnam). And if they raise over 71,238 ETH, they’ll extend their launch to South Asia (India, Bangladesh, and Sri Lanka).
Who’s Behind Unolabo?
Unolabo is led by Timur Galiev (Founder), Grisha Fedorov (Smart Contract Developer), Sergey Esipov (CTO), and Iskander Galiev (CEO and Founder). Most of the team is based in Moscow, Russia, or Hong Kong (the company appears to be registered and officially based out of Hong Kong).
Unolabo aims to disrupt the freelance marketplace by creating a platform where anyone can buy or sell skills and services. The marketplace allows users to create a profile, list their skills, and begin making transactions over the platform.
The initial goal of Unolabo is to target freelancers – anyone with a unique skill – in Asia. The company is particularly focusing on Hong Kong, South Korea, and Taiwan to start, before branching into Southeast Asia and South Asia in the future. By 2020, they hope to have nearly 1 billion users on their platform.
To learn more about Unolabo, visit the company online today at Unolabo.io (or, view a working alpha of the platform at Unolabo.com). The company’s token sale is underway throughout October and November.