A new remote worker wage payment and job platform service to be listed on OpenLedger called eDev.one is set to launch later this year. The service will offer many different modes of payments and a wide range of different currencies including cryptocurrencies. Payments can be made in BTC, ETH, BTS, or any of the other currencies powered by OpenLedger.
The total commission paid to eDev.one is up to 12.5%, of which 2.5% is from the contracting client and up to 10% from the freelancer. Using the currency of their choice, the client pays the total amount, including the commission, which is then converted to the digital asset equivalent to USD (bitUSD) of eDev.one. This is then left on a dedicated escrow account until the time of distribution.
eDev.one will make it easy to send and withdraw funds using an eDev.one or an OpenLedger account. Withdrawals can be made to a debit or a bank account, or with a bitcoin wallet using all the currencies offered.
It will also possible to withdraw directly from the eDEV reputation based SmartCoin JOYY or eDEV digital asset USD to the soon to be launched OpenLedger OCASH debit card or bank account, or sent to other accounts on the BitShares network.
eDev.one clients hire freelancers that suit the skills and requirements they need, while freelancers browse for available jobs. Freelancers and clients agree to the terms, including the amount the job is worth. The client will then pay the agreed amount onto the eDev.one Escrow Milestone Payment System, which will include an additional 2.5% commission. The eDev.one Escrow Milestone Payment System serves as a neutral third-party between freelancers and clients and is created on the basis of a smart contract. This gives assurance to the freelancers that they are going to be paid at the end of the project.
Deposits to the multisig Escrow System can be made using Debit Card, SEPA, SWIFT or wire transfer of FIAT currencies, as well as any major cryptocurrencies, including all major native tokens like BTS, BTC, bitUSD, bitEUR, bitCNY, OBITS, ICOO, and JOYY itself. To avoid any volatility throughout the time of the contract, all amounts are kept on an escrow account in the form of the digital asset of the platform USD (bitUSD).
eDev.one gives strong protection to both freelancers and clients, with full administrative services and support available for clients and freelancers alike, presented for every project and task.
Once the freelancer has completed the job, submitted the report and sent a request for the release of escrow funds, the client will then sign off on the job. Once the client agrees with the releasing of funds, eDev.one will then release the funds for payment to the freelancer in the form of USD.
Prior to the launch of eDev.one, various asset exchanges will have been offered to list the reputation based JOYY token with a specific amount of tokens, including Ethereum, Waves, NXT, Counterparty, OMNI, NEM, and HEAT. eDEV will have an official master token of the platform named EDEV and a JOYY SmartCoin will be found on OpenLedger DEX and BitShares exchanges as well.
Through a buyback and burn of the tokens found in other asset exchanges, the supply of JOYY tokens will decrease and become more scarce in time. Dividends in the form of USD will be distributed to all eDev.one asset holders. The amount of JOYY SmartCoins on eDEV.one will increase in line with the appreciation of work done by the freelancers.
OpenLedger’s partner, Internet of Coins, will make it possible to swap tokens or the value of it across exchanges using their crypto-wallet, as it is now possible between Ethereum and Waves platforms.
Ronny Boesing, Founder of OpenLedger, says:
“eDev.one it is the only place in the world where a contract is paid with USD and appreciated with JOYY! eDEV.one represents both freelancers and clients, allowing them to get the job done according to set milestones, with a secure payment process, and its own currency, which is intended to grow in value as the freelancer grows in reputation on the platform. Not only will eDEV be able to satisfy the increasing demand worldwide for freelancers, it is also a platform with its own decentralized marketplace, and options to buy, sell, long, or short against multiple cryptocurrency and fiat gateways. It is a one of a kind, and we are excited about its launch.”
The distribution of the 12.5% eDev.one commission with bitUSD will be:
- 35% to 55% reserved for further marketing, market making, and administration of eDEV
- 10% pledged to OBITS (buyback/burn or sharedrop depending on voting)
- 5% pledged to buy BTSR tokens to fund advertising campaigns via com
- 5% for a Scholarship Fund
- 5% for a rewards program in reputation based JOYY SmartCoins aimed at participating freelancers on the basis of reviews and amount of completed projects.
- 20% to 40% distributed initially every three months to all holders, then monthly, then weekly
