Veelancing Token (SLBZ) is the native token of Veelancing, a blockchain-powered marketplace geared towards freelancers. The unique hybrid blockchain solution uses the Ethereum public blockchain for tokens and transactions on one hand, as well as the Modex Blockchain Database (a private blockchain) for generating smart contracts, applying consensus and guaranteeing immutability and integrity of data on the other.

Veelancing brings freelancing back to its peer-to-peer origins by enabling a direct interaction between the freelancer and the employer, eliminating any third party’s interference.

On the Veelancing platform, employers may post a job (whether it’s a one-time task or a recurrent work), while the freelancer may create a personalized profile for himself and/or bid for an existing specific job.

After a freelancer and a customer agree upon the terms of the job and set specific milestones, a smart contract is created. The customer pays the price of the job in Veelancing Tokens. If none are available, the job can be paid for in other cryptocurrencies or fiat, which will be instantly exchanged to Veelancing Tokens. These tokens are stored in the Ethereum Wallet generated once the terms of the contract are agreed upon. 

Once all of the smart contract conditions are met and the job is completed, the freelancer will be instantly paid; otherwise, the funds are returned to the customer. 

Veelancing charges the smallest fee on the market - 3% for any job completed on the platform, with the exception of promotional campaigns during which fees can drop even lower. Furthermore, we made sure to stay ahead of the curve and came up with a solution for the scenarios in which a smart contract is heavily disputed by both sides. In this case, we will request that members of our community publically vote on the matter, allowing for a transparent decision, based on all facts available at the time.

Through the use of blockchain technology, Veelancing bypasses the major issues of the current freelancing industry through a combination of total transparency, a highly secure environment, accessibility, a grassroots approach, the elimination of third-party mediation, minimal fees, cold wallets, and instant payments.
As previously stated, we will also offer voting capabilities to users in certain cases. We are also working hard on offering a radically new user experience – more precisely one that will be in line with one of our essential values. Namely, cybersecurity. 

Think of Veelancing as the community's freelancing platform – because that’s what it was designed for. 

We’ve implemented a long series of freelancer-centric features – such as the most nominal fee, cryptocurrency payment options, voting rights for users, badges, achievements, token bonuses for early joiners, token incentives for referrals, the possibility to suggest new features, top security, optional NDAs for protecting sensitive information, the ability to highlight and pin bids, and many more features that will be announced shortly.

The team behind Veelancing now comprises 14 members, crypto/tech/blockchain enthusiasts, specializing in different fields (IT and programming, cyber-security, financial planning, data analysis, business development, marketing, content creation, graphic design, etc). Together, each complements the other’s strengths.

Veelancing has completed its pre-ICO, ICO and Airdrop campaigns, secured several valuable partnerships, and is currently focusing on the final platform launch.

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