What Is Koilop?

Koilop is a decentralized online marketplace with a peer-to-peer system that implements blockchain technology to manage, create, and operate a tokenized cryptocurrency. Koilop aims at globalizing the freelance market and revolutionizing the current cryptocurrency market through its Koilop ecosystem that will solve some of the major challenges facing the freelance space such as fake reviews, high transaction costs, and delayed payments.

The Koilop ecosystem operates on a professional network that globally connects buyers and freelancers, to enable them to conduct business and make payments for services provided by freelancers. The ecosystem implements a smart contract that contains a reputation and cash in escrow.

The ecosystem will combine the reputation of freelancers and economic initiative by tokenizing reputation and assigning it a certain value. This will provide all the participants in the ecosystem with an incentive for being active on the platform.

Koilop’s blockchain is responsible for job reviews, rating freelancers, and determining achievements and earnings. This eventually eliminates the need for a centralized body to conducting those functions. This means that only the most experienced freelancers can thrive on the platform, which will improve the quality of services that business owners and employers will receive.

The Top talent recognition program enables freelancers to be categorized as top talent, which means they will earn premium rates. Similarly, business owners will have access to the top talent pool of freelancers who are tested and proven, thereby allowing them to hire the best professionals for their projects.

Compared to the traditional freelance platform, on the Koilop platform, freelancers can form alliances or teams and apply for projects as teams, which will be more productive than smaller groups of individuals.

To ensure that disputes are solved in an unbiased way, the platform has a dispute settlement process, which ensures that all buyers receive quality work, and freelancers are treated fairly by employees. The dispute management system of the platform is mainly run by experts who are elected and evaluated by the token holders.

The platform’s utility token is the KLP token that provides token holders with access to the platform’s premium services and provide them with the opportunity to earn additional income from participating in the talent recognition program.

The platform integrates the blockchain technology within its system, which creates an immutable and secure ledger of all the transaction on the Koilop platform, which eventually prevents the user data from being stolen or accessed by hackers.

Koilop enables users to receive instant payments for their services without experience long procedures and unnecessary delays. The users can also make payments without having to incur any additional fees since the smart contracts Koilop implements eliminate intermediaries within the transaction.

The blockchain technology offers the platform users with decentralization benefits such as having secured transactions with fast confirmations.

Koilop creates a global connection that is not affected by geographical barriers; therefore, freelancers and consumers can exchange services without any restrictions.

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