Freelanex – the blockchain-based platform that focuses on empowering freelancers worldwide, is set to launch its IEO in two rounds starting October 10.
The exercise will take place on both P2PB2P and Shortex platforms between October 10 and November 14, 2019. The first round will run between October 10 and October 24 while the second bit will happen from October 31 to November 14. Freelanex is a unique platform that seeks to build one of the most vigorous ecosystems for freelancers and their employers, embodying a full-service approach.
The platform uses smart contracts with a trustless system which ensures that contracts are honored and conditions are fulfilled. Besides, it aims to have automatic honoring of both employee protection rights as well as employer protection. This will be made possible by using the immutable quality of blockchain.
Freelanex to Solve Freelancing Problems
The developers of Freelanex are aware of the problems that the current freelancing market faces. Issues such as geographic exclusion, cross-border legal issues, lack of ease and confidence, as well as payment processing are common in the market. The platform seeks to solve these issues by leveraging the potential of blockchain technology.
Freelanex CEO Ibrahim Hassan said:
“We are excited about our upcoming IEO as we have already sparked interest from our community are continuously making progress. The IEO funds will be used to further develop the platform and help us launch a global workspace with the goal of attracting millions of freelancers and employers.”
During the IEO, Freelanex will offer a 25% bonus and another 15% bonus in the first and second rounds respectively. The two rounds will provide contributors with a discount on the IEO price for the FLX token. Each FLX token will have a debut price of $0.004. The platform’s soft-cap is $1 million while the hard-cap is $10 million.
The tokens will be available on both Shortex and P2PB2B platforms. The latter was chosen for its high-performance feature, which enables it to conduct up to 10,000 trades per second as well as 1 million TCP connections. P2PB2B platform also enjoys multi-support, optimized user-interface, and high security.