❓Problems & Solutions
This section will address the current problems faced by freelancer platforms and GigHub's approach to solving these issues, outlining the platform's key strategic objectives and value proposition.
Trust Issues: Trust deficiency between freelancers and employers is a prevalent issue on traditional freelancer platforms. Uncertainties during the payment process, especially, can lead to disputes, delays, and even fraudulent activities.
High Commission Fees: Platforms often demand high commission fees, diminishing freelancers' earnings while increasing costs for employers.
Limited Payment Options: Traditional platforms typically do not support cryptocurrency payments, complicating international transactions and raising costs.
Tax and Regulatory Issues: Dealing with diverse tax and regulatory requirements across different countries can be challenging on traditional platforms, posing an additional burden for both freelancers and employers.
Secure Payment Systems: GigHub provides a secure payment system through smart contracts. Payments are held by a smart contract when made by the employer and released upon completion of the job.
Low Fees: With cryptocurrency payments and smart contracts, GigHub's commission fees are significantly lower compared to traditional platforms. This reduces costs for both freelancers and employers.
Cryptocurrency Payments: GigHub facilitates fast, secure, and low-cost payments by supporting cryptocurrencies like SOL and USDC. This simplifies international transactions and reduces costs.
Simplified Tax and Regulatory Compliance: GigHub offers streamlined processes to help users meet their tax and regulatory requirements. The platform assists users in understanding and properly reporting international tax and regulatory requirements.
Role of GigHub: GigHub aims to address the fundamental problems faced by traditional freelancer platforms by providing solutions that create a secure, efficient, and cost-effective work environment. By leveraging innovative technologies such as smart contracts and cryptocurrency payments, the platform enhances trust between freelancers and employers and simplifies transactions. Consequently, GigHub provides a better experience for platform users and contributes to the gig economy.
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