Recent studies show that 36% of the US workforce is currently freelancing. This share will reach 50% by 2030, considering the industry’s growth pattern.
Existing freelancers are leveraging websites like Fiverr and Upwork to connect with potential clients. The expected growth in the industry will cause an influx of new gig workers on these existing marketplaces.
This article will discuss freelance websites like Fiverr, Upwork, and Uwerx and their potential to attract new gig workers starting off their freelancing journey.
Centralized Freelancing Websites: Fiverr and Upwork
Fiverr and Upwork are online marketplaces for freelance services. The websites allow gig workers to offer services and get hired by clients.
These platforms have global users offering a wide range of services. Clients can find content creators, designers, marketers, developers, and more. The platforms also charge commissions for their middleman services. They charge 20% off the earnings of freelancers on both platforms, and clients pay between 5% and 5.5%.
In the future, these platforms are likely to get new signups; however, the high commissions that cut into freelancers’ earnings might be a problem for new users. Also, as Web3 advancement continues, many freelancers may begin to look for decentralized alternatives to give them more control over their dealings while requiring low fees.
Decentralized Freelancing Platform: Uwerx (WERX)
Uwerx is a developing freelance platform based on the blockchain and is set to revolutionize the industry. The platform will be based on the Polygon network and will have a native token, WERX, which is currently on presale.
Uwerx will offer a decentralized marketplace where clients can find and hire available gig workers. The system will be based on smart contracts, which will execute when the parties involved fulfill all their obligations. The platform will also charge a 5% flat fee, lower than the centralized alternatives.
Furthermore, Uwerx will allow users to leverage blockchain signatures to protect their intellectual properties. This way, they will be able to prove ownership and use their works as they like. Other notable features include a dispute resolution system, collaborative working tools, and massive reward arrangements. The platform will reward users for signing up, referring other users, voting on platform decisions, and participating in contests.
Above all, Uwerx will prioritize security. The company has acquired two audit approvals from SolidProof and InterFi Network. They will also lock up the project’s liquidity for 25 years after the token’s ongoing presale. And more interestingly, the project team will relinquish smart contract ownership when there are no taxes, allowing all investors equal control over the project. These measures eliminate the possibility of rug pulls and guarantee the safety of investors’ funds.
When the project launches, it will most likely pull more than 50% of the entire freelancing population and attract new users with its low fees and decentralized structure. Also, users will benefit from the expected growth of its utility token, WERX.
Only 40% of WERX tokens are available on presale, that is about 300 million tokens, from a total supply of 750 million. Each token is currently going for $0.0225 and is expected to hit $1 by Q4 2023.
Uwerx’s future looks great as a freelance platform and as a crypto project. While other Web3 cryptos are already pulling weight, WERX is expected to perform better. For instance, experts predict that Filecoin (FIL), a crypto project that provides an alternative to centralized storage providers like Google Cloud, will trade at $7.5 in 2023. This is from its current price of $6, which will form about a 25% growth. However, WERX could do 200X in 2023, making it a highly potential investment opportunity.
Check out these to join its ongoing presale and benefit from a 20% purchase bonus:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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