Hello,
Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to
introduce to you the AMA session with our friends from Freela and our guests
were @Mahadev1114 and @Val313. The AMA took place on 18 May.
The
AMA session was divided into 3 parts with a total crypto reward pool of 500$
In
this AMA Recap, we will try to summarise the most interesting points for you.
Part
1 — introduction and questions from the Telegram community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our
AMA session with Freela! Welcome to Satoshi Club😀
D. | Satoshi Club:
today our guests – @Mahadev1114 and @Val313 ! 🚀
welcome to our club
guys!
Mahadev Vasireddy:
Hello Guys! Thanks for having us here ❤️
Valentin Donstetter: Hello there
!
Mary | Satoshi Club: Hello! Happy to see you here 👍
How’s going?😉
Valentin Donstetter: Glad to be here with you
Everything fine thx,
how about you
Mary | Satoshi Club: I am fine as well! So, let’s start our journey to
the freelance world?😀
And we will start it
with your intro😀
Valentin Donstetter: indeed 😀
Mahadev Vasireddy:
Should say wonderful. Community involvement levels in Freela are just out the
world and we are loving it
Mary | Satoshi Club: Could you please introduce yourself and tell us
more about Freela😉
D. | Satoshi Club:
awesome! im very happy for your project 👍
Valentin Donstetter: so I’m Valentin Donstetter, CMO of Freela and
entrepreneur, worked during 10 years in e-commerce with High-Tech refurbished
products and collectibles. In Blockchain space since 3 years, making good
friends 🙂
Mary | Satoshi Club: You choose nice time to start😀
Mahadev Vasireddy:
Coming to myself, I pursued Computer Science from Penn State University and
comes with an entrepreneurial background and training. I am the Vice Chairman
of elite educational institutions, Vasireddy Venkatadri Institute of Technology
(VVIT) and VIVA The School. In the last couple of years, I executed
responsibilities as Global Ambassador of both VVIT and VIVA, playing a crucial
role in establishing partnerships with Government and various MNCs including
Google, Siemens and Coursera.
From our website:
Mr. Mahadev’s innovative
thinking and knowledge about industry 4.0 led to the idea and inception of
Freela, a Defi-powered, commission-free, P2P and self-governing DAO. He
envisions Freela to be a game changing Blockchain unicorn and the future of
freelancing facilitating a win-win platform for both employers & employees
ensuring “right person on right job for the right pay at no extra cost”.
And for people who are
not familiar with Indian Institutions, VVIT is the 3rd biggest college of
engineering in the state of AP and rated among the top 25 most innovative
colleges in the entire country by govt of India
Valentin Donstetter: enough for seeing the last crash 😂
Mary | Satoshi Club: [18.05.21 18:52]
You have awesome
background! Sure it will help Freela to reach a lot!
Ohhh, don’t remind 😂
And how Freela project
was born?
Mahadev Vasireddy:
We are doing our best 😅🙏🏻
We’re not reinventing
anything, in fact we are just here to provide a full featured platform for
Freelancers associated with Blockchain technologies.
I personally don’t
think freelancing as a space has even started moving compared to its potential.
So biggest market share and all is just an illusion even if it’s already a huge
field.
Freelance platforms are
very famous, but are suffering of a lot of shortcomings, and the features
provided by Freela will play a big part in this adoption phase.
At the end of day even
freelancing companies are acting like a middle man by charging around 20-25% of
each work. So we decided to see if its possible to re-visualize a model where
the employee gets paid in full by using all the new tech like blockchain, Defi
pools and Dao (patent is filed for the whole model).
I always found it funny
how it was always called “freelancing” but never free 😂
For going to the
essential, It’s the only model/platform
that provides every feature that centralized companies like upwork or fiverr
provides and still charge nothing literally…
In simpler words,
Freela is a decentralized freelancing platform powered by DeFi and built on top
of Polygon. By utilizing the strengths of blockchain, Freela offer conveniently
settled, effectively mediated and commission-free services to freelance workers
and the people and businesses who want to hire them. The platform is designed
to operate on a P2P basis with the ultimate goal of becoming a self-governing
DAO
Think about Fivver,
Upwork, etc but hosted on blockchain gathering features from centralized platforms
with the features and benefits from blockchain.
Mary | Satoshi Club: Sounds very attractive 😍 i was a freelancer
for some time and i know how important is to choose right platform
Mahadev Vasireddy:
Trust me….we are yet to meet a freelancer that is happy with the existing
platforms 😅
Mary | Satoshi Club: I will😉
Thank you for your
intro, guys! Do you want to add something or we can go to the questions from
our community?😀
Valentin Donstetter: Actually, the whole freelancing world is suffering,
I just looked few days ago about how Uber drivers and food delivers are
litteraly hostage from such structures
so I guess it’s the
good time to launch such platform
we can go I guess 🙂
Mahadev Vasireddy:
Sure
Mary | Satoshi Club: Sure! Hope it will be a big new start for freelance
🚀
Valentin Donstetter: 🙌
Mary | Satoshi Club: @Cool_as_Ice shoot it 🚀
D. | Satoshi Club:
thank you for the intro guys!
Q1 from Telegram user @NataliyaKil
I read that after a successful private sale round, Freela’s
team is working on their next IDO BSC pad and Poolz. Meanwhile, work will
continue to prepare the platform MVP in June 2021, with the first client
onboarding scheduled to begin in July 2021? Can you already announce the next
IDOs for us and tell us about your plans to connect users?
Mahadev Vasireddy:
https://alpinecapitalmarkets.medium.com/how-can-we-make-freelancing-actually-free-and-fair-freela-has-the-answers-b201edbbba8b
I would seriously
suggest you guys to read this when possible
Mary | Satoshi Club: Sure! We will definitely read it!
Valentin Donstetter: Yes, we plan to start onboarding clients in July.
We will have a double
IDO on BSCPad and Poolz the 27th may, and more should be announced very soon
concerning that ! so keep an eye on our social media 😉
Twitter :
@Freela_official
TG Official : t.me/FreelaOfficial
TG Announcement :
t.me/FreelaAnnouncements
Mary | Satoshi Club: Can you tell us how many tokens will be for sale?
Or it’s also a secret now?😀
We love secrets here
and always keep them😉
Valentin Donstetter: Not sure we can share such information yet, but
everything should be revealed soon by our Partners 😉
Mary | Satoshi Club: Got it! Thank you for your answers! We will follow
your updates!
Mahadev Vasireddy:
Ok let me share some thing
Valentin Donstetter: lol
Mary | Satoshi Club: Sure🚀🚀🚀
Mahadev Vasireddy:
One of the biggest players in space is going to announce about us today and
their opinion on the project 😉.
want one more?
Mary | Satoshi Club: Wow!!! Waiting for this!
Mahadev Vasireddy:
We have some T1 news coming up this week and I am quite confident that
community will hear it 😉
Mary | Satoshi Club: So many events 👏👏👏 your
community won’t be bored😉
We will keep our eyes
on Freela announcment channels 😀
Mahadev Vasireddy:
😂
Lets go to the next
question!
Mary | Satoshi Club: First question and so many intriguing answers😉
i feel we will have even more!
Let’s go 👍
Q2 from Telegram user @Arisabela
I’ve worked with many Freelance platforms before and
one of the main disadvantages are the high rates to pay in fees. Also in most
of them the freelancers have to subscribe to a premium offering to have an
opportunity in these competitive platforms. Can you tell us the advantages of
Freela regarding these two subjects?
Mahadev Vasireddy:
Very simple, we made Freela literally Free without any commission, and we added
a Complex Reputation System to it.
The Reputation level of
an employee allows accessing varieties of jobs that he can apply on the
platform. Reputation level of an employer permits access to various talent
pools available over the platform.
It’s based on four
aspects each of 25 points, totaling it to 100 maximum points.
Identity Verification –
25 Points
Weighted Average Rating
System – 25 Points
Arbitration Rating – 25
Points
Tokens Staked – 25
Points
Check our Whitepaper
for more information on that
D. | Satoshi Club:
why you decided to avoid commissions on your platform?
what is the source of
income then?
Mahadev Vasireddy:
Basically, we could say the problem starts from the beginning, with actual
platforms charging huge amount of fees to Freelancers and individuals for micro
tasks (20/25%)…
I always found it funny
how it was always called “freelancing” but never free 😂….So
I felt if at all there is a company/service that can be called freelancing, its
us!
It would be difficult
to be competitive here if we wanted to launch a regular business, but we
decided to see if it was possible to re-visualize a model where the employee
gets paid in full by using all the new tech like blockchain, Defi pools and Dao
(patent is filed for the whole model).
In even simpler words,
Its the only model/platform that provides every feature that centralized
companies like upwork or fiverr provides and still charge nothing literally
Mary | Satoshi Club: 😀
Mahadev Vasireddy:
In other words, we were lucky enough to figure out a whole model to replace the
existing one instead of trying to fight with numbers. For example, if upwork is
charging 20%, it takes huge effort in reality to cut it down to 15% and do the
same thing. And would you be really interested in using a new platform for just
that small 2-5% difference? prolly not
But when we were able
to say its a difference of 20-25% of the income you make…then we are talking
And happy to say that
we have filed a patent for the whole model
D. | Satoshi Club:
nice! thank you for detailed answers!
Mary | Satoshi Club: Thank you for your answers! Ready to proceed?
sure
Valentin Donstetter: let’s go
Q3 from Telegram user @yellowchamp
At Freela focused on “right person on right job for
the right pay”. Employers pay all to the employees with no commissions in
between. So,how does Freela chooses a right person on a right job? How does
your platform knows that someone is really fits for the job? What
qualifications will be need to undergo by the applicants? If employers pay all
to the employees with no commissions in between,how about tax, who will
shoulder it? In Freela, do you also offer insurance pay like health insurance
or any other insurance as benefits to employees? Thank you
Valentin Donstetter: let me take this one ^^
Mary | Satoshi Club: Everything for you 🙂
Valentin Donstetter: Actually, Freela doesn’t choose anyone, it provides
all tools for that qualified people and companies can interact with each others
without a 3rd party involvement.
Not sure what you mean
about tax. If you want to be paid in crypto you will for sure need to check
with your own country tax policy toward crypto.
At Freela we’re
offering a Saving Service to Freelancers and Employes, for sure we’re thinking
about more things to implement 😉
was mostly for our CEO 😂
Mary | Satoshi Club: Btw, what about regulations etc? Do your users will
need to pass KYC verification?
Valentin Donstetter: KYC is not necessary, but is a part of Freela
Reputation System
So if people or
companies pass KYC, it will increase their Reputation on the Platform
Mary | Satoshi Club: Gotcha!
Mahadev Vasireddy:
So as long as they dont need access to fiat gateway and dont need the
reputation points from it, they can skip it.
Mary | Satoshi Club: That’s great! Thank you for your answers!
Q4 from Telegram user @Pirry05Universe
How is Freela able to combine the DeFi liquidity and
DAO governance groups to avoid at all costs a future centralization of the
project, what strategies does it implement for this?
Mahadev Vasireddy:
We actually use almost everything what Defi actually is…. 😅
1. Multiple Defi
liquidity pools for the platform functionality(more detail in the sent WP)
2. People able to stake
both freela and Usdt in those pools for staking rewards
3. Governor role(
everyone that locks/stakes 0.1% of the whole supply is going to be a governor
on the platform that gets to vote in Dao decisions regarding every single detail
of the platform like hiring/firing arbitrators, modifying arbitration
percentage and any other decision regarding the platform infact. This is an
alternative system for the widely used defi governance tokens so that we dont
have to worry about 2 tokens for the same platform)
In simplest words,
every element of the project is designed in a Defi manner. ” Recreating
traditional financial instrument in a decentralized architecture(Heco-Matic),
outside of company and centralized control( Dao and its governance)”-
Forbes
Mary | Satoshi Club: Will you have pools on your platform or you will
use third parties?
Mahadev Vasireddy:
Tbh meme coins are fun to play around with once in a while but the real Defi
projects like Freela are the ones that are here to stay. Reason why such big
investors and ecosystems are working with us
Mary | Satoshi Club: True😀
Mahadev Vasireddy:
To begin with we are going to use other partners (good ones 😉) for
pools and staking. But once the platform is ready we are going to have pools on
the platform itself for the real functionalities of the platform. Which should
hugely benefit token holders
D. | Satoshi Club:
and when your platform will be ready for this?
Mary | Satoshi Club: Super! Btw, is your platform safe? Did you apply for any audits?
Mahadev Vasireddy:
Our roadmap mvp at the next month and then 1 month for mvp testing and if
everything goes well we should be launching the platform. So quite soon 😉
D. | Satoshi Club:
perfect! 👌
Mahadev Vasireddy:
Will be taking every bit of care we should be taking and will be getting audits
done from some of the biggest guys in the space
Mary | Satoshi Club: Fantastic! We will be waiting for results!
Thank you for your
answers! Ready to jump to the next question?😉
Valentin Donstetter: sure
Q5 from Telegram user @imwiiw27
Staking pool is one of the feature of Freela, and
Freela Staking has 2 options: (Arbitrator Fund & Savings) Arbitrator Fund
is fixed and only USDT is allow to stake. Can you please explain why its only
USDT can stake? Do have plans to add other cryptocurrency or token?
Valentin Donstetter: So the reason with going for USDT in arbitration is
that, the main purpose of its existence is to be the financial buffer to make
sure the arbitration operations are not going to be effected even if something
goes wrong. And as you are aware, Its takes a quick second in Crypto markets
for something to go wrong and market starts over reacting and leave alone bear
markets. So being in any other token thats not a stable coin is putting the
financial buffer in the hands of the market. Which is not really a smart thing
to do for any company.
D. | Satoshi Club:
got it, will you add other stablecoins as well? some people don’t trust USDT 😁
Mary | Satoshi Club: It has sense 😀
Mahadev Vasireddy: yep prolly going to have all the possible ones
And guess what
time for a spoiler?
Something our CMO
himself doesnt know yet 😉. We are involved with some of the biggest
Market making funds and algorithm traders in the space. Who are capable of
promising certain %profits on average over a span of year. But most people in
the space dont know that because they dont offer to everyone. Only to their
partner companies and so on. So we are lucky to have connections and supporters
of that caliber to facilitate that to freela. So the USDT buffer is not going
to stay idle, its going to slowly increase by itself. So imagine the safety
because of being in USDT but still make gains for your platform fund
[ 🛏 Sticker ]
Q6 from Telegram user @ngohuynh
Investigate your project in depth, I can see that
you plan to fully integrate with African markets, can you give us more details
on why the project is of interest alliances with African markets? do you intend
to expand to the global market? What benefits does the project gain with these
alliances?
Valentin Donstetter: We are planning a complete integration with the
global market, African market is itself a heavy one in huge expansion and we
will of course take also advantage from it.
Mary | Satoshi Club: Yes, it’s really heavy, which will be your first
steps to attract users attention?😀
Valentin Donstetter: Well you know, the first step is to release the
platform. Once the platform is ready to launch we think all features are here
to attract users, with support of community and some good marketing. we expect
it to be pretty fast. Also We are planning to be a one stop solution for any
projects and teams in coming days (this has not even been announced to partners
yet 😉). So the plan is to make sure you will be able to find
Developers, designers, writers…..animation guys…website and even community
managers and more…. So it’s like a one stop solution for the up-coming
projects who don’t want to be wasting their time with the not so important
stuff.
Mary | Satoshi Club: Thank you!
And we came close to
live part now 😃
Part
2 — live questions from the Telegram community
Q1 from telegram username @KhaleesiTheCryptoLady
Does a student like me can also be a freelancer on
FREELA? What requirements do I need to
acquire in order to get a job on FREELA?
Also, what if I have completed a particular job in time, will I get paid
instantly?
Valentin Donstetter: Anyone can join Freela and being a Freelancer, in
order to have the best chances to get a job, you will need to increase your
reputation.
Once your task is done,
it’s review. After approval, and being reviewed, if no problem the funds will
be automatically unlocked, and the freelancer paid.
Q2 from telegram username @Eminet001
How is freela better than other established
competitors,
What benefits do I get for using this platform.?
Valentin Donstetter: Freela is developing the next one stop solution for
every Freelancers and Companies on the market.
We provide such
features :
No commission
Professional Mediation
Intuitive UI
Traditional Payments
Self Governance
Complex Reputation
system and more features that makes Freela literally erasing every actual
Freelancing Platforms
Q3 from telegram username @mobilejii
✅✅ you mentioned
earlier about the reputation points but I want to know in detaIl can you
provide me whitepaper please?
Valentin Donstetter: You can find our Whitepaper on thefreela.com 😉
Q4 from telegram username @AugusS7
You mention that Freela guarantees better quality
work for the employer and the best remuneration for the employee, but could you
really tell us how it manages to reward the employees even more, and at the
same time achieve a more efficient work for the employers?
Mahadev Vasireddy:
Pretty simple. By not killing the efficiency of the work dynamics by taking a
share of the work value. For example, you have a plumber work and 100 usd to
pay for it.
In case 1: The company
can get you a plumber but will charge 25usd for the task. Which means the
plumber gets 75 usd.
in case 2: The company
can get you a plumber but will charge nothing for the task. Which means the
plumber gets 100 usd.
So in both the cases,
you have the same work done and same expense of 100 usd. But then why would you
go with a 75 usd Plumber when you can get a better plumber that charges 100
usd(assuming the plumber rates are organic and balanced to skill of course). So
obvious choice would be going with case 2. and the company in the case to is
FREELA.
Q5 from telegram username @Karoceh
You mentioned that employee will get paid in full.
Then how will Freela generate profit? can we know how Freela revenue model? how
will you maintain the platform?
Mahadev Vasireddy:
Freela revenue model is a quite interesting one that intrigued some of the best
minds in this space. So would be really hard to explain in couple of min but it
has been very clearly documented in the whitepaper. So please give it a read to
understand how different techs and models come together to make that a
possibility.
Q6 from telegram username @cindy_crypto
What do I need for joining your IDO on BSCPad and
Poolz and do you require KYC?
Valentin Donstetter: For joining our IDOs we invite you to follow BSCPad
and their process.
Each platforms have
differents rules 😉
Q7 from telegram username @nitrogenpower
How much do you cut from me after I complete my work
if I work as a freelancer on Freela?
Valentin Donstetter: Nothing ! lol
Q8 from telegram username @Robotliker1
For identitiy verification reputation points what
documents are accepted and how safe will
be my documents, what are your plans to prevent its misuse?
Mahadev Vasireddy:
Identity document verification will be handled by a professional agencies that
are fully legal and audited. So we are not planning to do the KYC by ourselves.
going to have a 3rd party involved
Q9 from telegram username @yellowchamp
Why did Freela choose Polygon(Matic) as the gateway
payment for Freela transactions? How convenient it is for Freela users to use
Polygon(Matic) for Freela transactions? Do you plan to add more Blockchain to
integrate in the future for an additional option for Freela users? If you get
some advantages from Polygon (Matic),in return what benefits that Polygon can
get from integrating in your platform?Thank you
Mahadev Vasireddy:
Polygon is not a payment gateway, Its a Layer 2 protocol on eth for easy,
faster and cheaper transactions. It would be hard to pay the high gas fee for
freelancers everytime they do a job. So we are integrating with Polygon guys to
make sure the transactions can be done at near zero cost aswell. Aside from all
this, Polygon team and project is just wonderful imo and the success they are
getting is all deserved imho. Happy to be associated with them
Q10 from telegram username @alptrader
How can I buy your token right now how can I invest
to Freela?
Mahadev
Vasireddy: Best question in the
whole list 😉. We are going to be listed on Uniswap, pancake swap and
prolly more on 27th 😉
Part 3 – Quiz Results
As usual, for the third
part, Satoshi Club Team asked the chat 4 questions about the crypto project. A
link to a Quiz form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
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