Electroneum has been in the spotlight for quite some time now. However, the hype around Electroneum has nothing to do with the performance of its native token ETN. In fact, it is because the project has achieved some major milestones on social and economic fronts.
Once again it has injected fresh enthusiasm in the crypto community with the global soft launch of its freelance platform, AnyTask.
As a matter of fact, AnyTask completes the Electroneum ecosystem. Unlike other freelancers websites like Upwork.com, Freelancer.com, and Fivver.com, AnyTask does not deduct any commissions on the earnings. It promises to pass on 100% of the earnings to the soft-skill seller on the platform.
In an official press release shared with the Altcoin Buzz team, Electroneum CEO and Founder Richard Ells shared some off-chart stats. According to Richard, the AnyTask platform currently has 80,000 sign-ups and 700 live tasks. Furthermore, over 100 tasks have already been purchased. This is a promising number as Electroneum is yet to market AnyTask. As per Richard, all the marketing activities will begin in the month of March.
Unique selling points of AnyTask
As intuitive as any existing freelancers platform, AnyTask accepts payments with standard credits cards. Surprisingly, AnyTask does not accept ETN, the native token of Electroneum blockchain. And we do have an answer for that from Richard Ells. But before that let us have a run down the platform:
- The platform bridges the gap between task economy and the unbanked population of the globe
- It connects soft task economy to cryptocurrency without any learning curve
- The platform charges the buyer a 5% service fee and passes on complete earning to the seller.
- The sellers get paid in ETN which is accepted in over 120 Countries by 300 mobile operators. Also, it can be exchanged against fiat or other cryptocurrencies.
Electroneum has built such an ecosystem around AnyTask that it supports the hiring of freelancers in a socially responsible way. The seller chooses to buy the skill of a seller and makes an upfront payment in fiat. However, the seller gets paid in ETN only when the buyer confirms that he is satisfied with the task. In this manner, the payments are secure for both buyer and seller. And a refund can be initiated anytime if the buyer is not satisfied with the work.
Additionally, it has a 24-hour support system for dispute management.
But why no ETN?
AnyTask does not accept buying orders with ETN. And Richard provides some plausible explanations for this:
- To gain major footing like some major freelancers platforms, it was crucial to have a payment setup that the buyers are used to. And fiat was the first choice.
- They wanted to leave anonymity out of the AnyTask ecosystem to build buyer/seller trust.
- To make payments in ETN, the buyer would have to exchange some crypto for ETN. To avoid this hassle, the ETN payment support has been kept on hold.
Richard plans to educate the buyers about crypto before the integration of an ETN Payment system in AnyTask.
Meanwhile, the price of ETN has failed to recover over the last one year. Although the project has partnered with many NGOs and has been delivering social value, it has not been helping price action of ETN. In fact, ETN touched its all-time low in Nov-2019.