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Market Still Hot for Asia’s Largest Freelancer Marketplace App

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Customer-to-customer (C2C) platforms are already part of our daily lives. As a result, some of the world’s largest online communities are C2C platforms; Amazon is known and used worldwide whereas Craigslist and Taobao dominate their respective markets. YouDeal is a new player in the C2C platform industry and one that is set to change not only the service industry but the way we work forever.

YouDeal is a blockchain-based C2C personal and freelance services platform. It connects service providers, who are hired based on the services they offer and reviews of these services, to service buyers. Every user can both provide and hire services from the same account. The use of blockchain technology allows the platform to boast superior security and data privacy to its competitors, guaranteed and automatic payments through smart contracts, and legitimate, validated user reviews. Blockchain application allows for the removal of traditional obstacles associated with C2C services platforms, but also allows for the creation of a tokenized payment method, in this case, ‘YD Token’. Tokenized payments benefit users through international, instantaneous transactions but are also the perfect way to combat the user leakage associated with service platform predecessors.

2015 saw YouDeal enter the market working with its strategic partner, YueDan. YueDan is China’s largest online C2C personal services marketplace and the company that gave the inspiration for YouDeal. Initially, the YueDan platform offered common services, such as personal training, cleaning, yoga instruction, and driving. Now, the platform has expanded to provide a broader range of personal and freelancing services, from translation, virtual assistants, or household management to content creation and business consultancy. Users can find virtually any service they require from their mobile devices.

Through their strategic partnership, YouDeal and YueDan use similar features and share the same user ecosystem. This relationship gives YouDeal a vast source of users from its launch, while the application of blockchain technology removes the issues YueDan faced. The use of decentralized technology has increased user privacy and lead to guaranteed payments, which can be made to any service provider instantaneously anywhere around the world. YouDeal also uses an advanced matching algorithm, to match service buyers with the best service providers for their needs.

The foundations laid by YueDan mean that YouDeal already has over 60 million users providing more than 300 service categories covering 400 cities. Such a strong community gives the platform the potential to become the largest of its kind globally and – with 30,000 new users every day – it can do so in the very near future.

“YueDan focused on specific category types to drive revenue. That fit the China model, but we quickly realized that every market suits its own service mix. What is clear is that the overall need for services is very high. The digitization of our lives has resulted in a way to fulfil this need, and that’s what we can to achieve. Let’s say someone needs a cleaner, a language tutor or a business strategy consultant. They can hire them in the same place that they can sell their own personal services, which can be anything from freelance writing to gardening to website coding. Our platform bypasses the time and effort needed to source these services traditionally, and using blockchain technology means it’s also a super-secure process with minimal risk or need for third-party vetting. Everyone wins.“

– Ken Dong, YouDeal Founder, and CEO.

YouDeal is perfectly positioned to take on the changing workforce dynamic, with freelancing and ‘gig work’ becoming a mainstay of the way we earn. On top of this, the potential for YouDeal to open up markets with high unemployment rates or poor business infrastructure is undeniable; people in developing countries can use the platform to leapfrog traditional work arrangements and start offering their services directly to consumers. The technology backing the company removes data privacy concerns, which are becoming more and more important for users. Add this to YouDeal’s existing user database and it’s plain to see why investors like Node Capital, Genesis Capital, and Grand Shores Fund are still investing in the project already, with an additional $8 million raised this year.

YouDeal is already making moves for an international launch and solidifying its position in the global freelancer revolution. YouDeal’s future aside, one thing is for sure: the service industry and the way we work will never again be the same.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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