By HM - MN.Investments content producer, Midas.Investments
Midas announces the listing of FlexWork (FLX) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
What is FlexWork Coin and what does it offer?
First, FlexWork is an open marketplace for freelancers - specifically for people who prefer flexibility in their jobs, including employers as well. Freelancing work typically involve problems that need a quick solution, but may be too expensive to pay for long-term employees along with all other associated costs. Think of it like a hair cut that you may need every now and then, but it would be ridiculously expensive if you hire a barber full-time ready for you for just that one session once a month.
FlexWork plans to apply blockchain technology to make freelancing simple and transparent. It plans to cut cost by eliminating intermediaries and allowing direct interaction among interested parties. Contract terms of a particular work will be safely stored on the blockchain. This can reduce friction if a work is not deemed satisfactory by any metrics agreed beforehand. For freelancers, available compensation information can help to decide which work is underpaying or too good to be true.
There will be elements of a social network built in the platform to allow discussion and recommendation for preferable employers and contractors/freelancers. According to the whitepaper, a reputation system will be implemented to showcase each freelancer’s skills and level of competence. These parameters will be assessed by independent platform experts who have undergone rigorous verification for voting rights.
FlexWork Coin (FLX) will be used for all transactions on the platform. The coin is powered by the proof-of-stake consensus algorithm and a network of masternodes. Payment to freelancers or any fees for premium services will be paid in FLX. The other use case of the coin includes payment for training materials provided by higher-level freelancers in the system - the goal is to improve the quality of work and customer satisfaction in the long term.
Team is anonymous.
Where can I purchase FLX?
Presale: 1.2 BTC per node. It is unclear how many nodes are available to purchase or have been purchased.
Total supply: 21,000,000
Consensus algorithm: Quark/MN/proof-of-stake
Masternode collateral: 1000
Block time: 60 seconds
Block reward: variable reward depending on block height with MN/PoS split at 75/25
Can I get more information about FLX?
Why have Midas offered FlexWork (FLX) to our community?
Midas have identified 2019 as the year of utility - projects can no longer exist solely by offering high masternode rewards to investors. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plausible application in real-world use cases in sectors that blockchain is poised to disrupt.
Do you want to become a Midas partner?
Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.