BLOCKLANCER

First platform to enable Freelancing on the Blockchain

About BLOCKLANCER

The Blocklancer platform is intended as a means to streamline the process of freelancing and improve the cooperation between the freelancer and the client. It aims to solve issues with current legacy freelancing platforms, such as: refusals of payment for the agreed-on amount of money for a project, fake or undeserved reviews, and the uncontrollable influence and potential for abuse of power by a central authority figure.
Competitors: Fiverr, Freelancer, Upwork, Guru
Uniqueness/Advantages to competition: Creates a platform that streamlines legacy freelance services platforms via blockchain technology.

Token Sale Use of Blockchain

Product

3.4
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.

Product

A beta platform is currently available for testing via the website. Further development is expected after the ICO and a public release is scheduled for Q2 2018 (see Roadmap).
There is appeal to the Blocklancer product, given the large number of freelancers and clients looking for freelance workers throughout the world, and the potential / target user-base will grow along with the adoption of cryptocurrency in the general population. There is currently a very large amount of legacy competition in this space, and blockchain competition will greatly stiffen over time as adoption continues, given the size of the target market.
Competitors: Fiverr, Freelancer, Upwork, Guru

Product Whitepaper

Use of Blockchain

3.2
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

The project’s contribution to blockchain development is mainly the development of a Distributed Autonomous Job Market. There is a disruptive advantage as, in theory, it would enable further streamlining and improvement of the currently centralized, legacy freelance platforms. There is need for a custom token as the platform is an independent autonomous marketplace that will also aim to prevent fake or ‘bot’ reviews.

Use of Blockchain Roadmap

Whitepaper

4.6
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

5.0
N/A
5 - Thorough, viable, convincing, promising.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

5.0
N/A
5 - Thorough, viable, convincing, promising.

Whitepaper

Multiple documents are presented on the website: a whitepaper, a yellow paper, and a business plan paper. Each document is very well put together, professional and aesthetic, and provides a good mixture of media and textual explanation where necessary. The whitepaper is a good length at 41-pages, can be read easily, and explains the platform and its vision in detail. The yellow-paper provides a high-level, detailed explanation of the technology behind the platform. The important whitepaper sections include: an Abstract, a view of the Distributed Autonomous Job Market (DAJ), the Market and Industry, the Token, the Token Holder Tribunal, the Platform, the System Architecture, the Roadmap and the Team. The business plan and technology behind Blocklancer are thoroughly and concisely explained.

Whitepaper Compliance

Roadmap

3.2
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.

Roadmap

A basic roadmap is given on a quarterly basis, starting with ‘Concept Creation’. Critical obstacles lie ahead, with actual beta testing for the platform set to begin after the ICO and a public launch planned for Q2 2018. The roadmap is vague and brief descriptions are provided for the intermediate steps required to complete each milestone.
Important Milestones:
Q1/Q2 2017 – Concept Creation
Q2 2017 – Smart Contracts
Q3 2017 – Demo Version/ Pre-Sale
Q4 2017 – Alpha Release
Q1 2018 – ICO/ Beta Release
Q2 2018 – Blocklancer Release
Q3 2018 – Decentralize Everything / Marketing – Extending Userbase
Q4 2018 – Further Improvements / Stability & Support

Roadmap Company and Team

Compliance

3.4
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.

Compliance

The LNC-token has intrinsic value through its planned usage on the Blocklancer platform, allowing users to actively participate in the Distributed Autonomous Job Market. The token’s main utility is a tradable financial instrument, as it is used specifically for streamlining and alleviating problems that occur in the freelance market such as resolving disputes, verifying creditworthness, and distributing payments.
The token smart-contract infrastructure will be fully completed after the ICO, however there is a public beta platform available for testing.
Compliance is addressed with direct statements of AML & KYC Due Diligence and enforced with a registration whitelisting process and manual screening of all platform registrants.
The legal review, secuirites law review, and terms and conditions of the sale are detailed, professional, and thorough, aiming to absolve the company of any liability regarding the ICO and any problems that may occur, and providing a general statment that the tokens are not to be deemed a security.

Compliance Token Sale

Company and Team

2.6
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.

Company and Team

Blocklancer has an established team with 6 employees and 8 advisors.
The core team has experience in IT, programming, social media, freelance software development, UX design, software development, and cryptocurrency research.
The advisors have backgrounds in law, finance, tech development, investing, ICO consultation, and taxation.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Most members of the team are fully dedicated to the project, and most are dedicated to multiple projects outside of Blocklancer. Only one advisor has previous experience with blockchain, cryptocurrency, or smart-contract projects and ICO consultation, no core members have previous blockchain experience.
Positives: The core team is well rounded and has one committed advisor with previous blockchain, cryptocurrency, or smart contract experience, and one core member who was once recognized as a member of “Forbes 30 under 30”.
Negatives: Almost none of the members are fully dedicated to the project, no core member has previous blockchain, cryptocurrency or smart contract project experience besides research, and no blockchain developers are currently part of the team.

Company and Team Product

Token Sale

3.8
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.

Token Sale

Blocklancer Token (LNC)
Hard Cap: $10 million
Soft Cap: $1 million

Token Distribution
ICO 78%
Developer 20%
Bounty Program 2%

Token Proceeds Budget
– 40% Marketing
– 35% Platform Improvement
– 10% Administrative Processes
– 10% Reserve
– 03% IT Infrastructure
– 02% Software Licenses

Social Media Presence & Following
There is solid little community engagment and reception.

Product

A beta platform is currently available for testing via the website. Further development is expected after the ICO and a public release is scheduled for Q2 2018 (see Roadmap).
There is appeal to the Blocklancer product, given the large number of freelancers and clients looking for freelance workers throughout the world, and the potential / target user-base will grow along with the adoption of cryptocurrency in the general population. There is currently a very large amount of legacy competition in this space, and blockchain competition will greatly stiffen over time as adoption continues, given the size of the target market.
Competitors: Fiverr, Freelancer, Upwork, Guru

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.
Product Score:
3.4

Use of Blockchain

The project’s contribution to blockchain development is mainly the development of a Distributed Autonomous Job Market. There is a disruptive advantage as, in theory, it would enable further streamlining and improvement of the currently centralized, legacy freelance platforms. There is need for a custom token as the platform is an independent autonomous marketplace that will also aim to prevent fake or ‘bot’ reviews.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
3.2

Whitepaper

Multiple documents are presented on the website: a whitepaper, a yellow paper, and a business plan paper. Each document is very well put together, professional and aesthetic, and provides a good mixture of media and textual explanation where necessary. The whitepaper is a good length at 41-pages, can be read easily, and explains the platform and its vision in detail. The yellow-paper provides a high-level, detailed explanation of the technology behind the platform. The important whitepaper sections include: an Abstract, a view of the Distributed Autonomous Job Market (DAJ), the Market and Industry, the Token, the Token Holder Tribunal, the Platform, the System Architecture, the Roadmap and the Team. The business plan and technology behind Blocklancer are thoroughly and concisely explained.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

5.0
N/A
5 - Thorough, viable, convincing, promising.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

5.0
N/A
5 - Thorough, viable, convincing, promising.
Whitepaper Score:
4.6

Roadmap

A basic roadmap is given on a quarterly basis, starting with ‘Concept Creation’. Critical obstacles lie ahead, with actual beta testing for the platform set to begin after the ICO and a public launch planned for Q2 2018. The roadmap is vague and brief descriptions are provided for the intermediate steps required to complete each milestone.
Important Milestones:
Q1/Q2 2017 – Concept Creation
Q2 2017 – Smart Contracts
Q3 2017 – Demo Version/ Pre-Sale
Q4 2017 – Alpha Release
Q1 2018 – ICO/ Beta Release
Q2 2018 – Blocklancer Release
Q3 2018 – Decentralize Everything / Marketing – Extending Userbase
Q4 2018 – Further Improvements / Stability & Support

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.
Roadmap Score:
3.2

Compliance

The LNC-token has intrinsic value through its planned usage on the Blocklancer platform, allowing users to actively participate in the Distributed Autonomous Job Market. The token’s main utility is a tradable financial instrument, as it is used specifically for streamlining and alleviating problems that occur in the freelance market such as resolving disputes, verifying creditworthness, and distributing payments.
The token smart-contract infrastructure will be fully completed after the ICO, however there is a public beta platform available for testing.
Compliance is addressed with direct statements of AML & KYC Due Diligence and enforced with a registration whitelisting process and manual screening of all platform registrants.
The legal review, secuirites law review, and terms and conditions of the sale are detailed, professional, and thorough, aiming to absolve the company of any liability regarding the ICO and any problems that may occur, and providing a general statment that the tokens are not to be deemed a security.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.
Compliance Score:
3.4

Company and Team

Blocklancer has an established team with 6 employees and 8 advisors.
The core team has experience in IT, programming, social media, freelance software development, UX design, software development, and cryptocurrency research.
The advisors have backgrounds in law, finance, tech development, investing, ICO consultation, and taxation.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Most members of the team are fully dedicated to the project, and most are dedicated to multiple projects outside of Blocklancer. Only one advisor has previous experience with blockchain, cryptocurrency, or smart-contract projects and ICO consultation, no core members have previous blockchain experience.
Positives: The core team is well rounded and has one committed advisor with previous blockchain, cryptocurrency, or smart contract experience, and one core member who was once recognized as a member of “Forbes 30 under 30”.
Negatives: Almost none of the members are fully dedicated to the project, no core member has previous blockchain, cryptocurrency or smart contract project experience besides research, and no blockchain developers are currently part of the team.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.
Company and Team Score:
2.6

Token Sale

Blocklancer Token (LNC)
Hard Cap: $10 million
Soft Cap: $1 million

Token Distribution
ICO 78%
Developer 20%
Bounty Program 2%

Token Proceeds Budget
– 40% Marketing
– 35% Platform Improvement
– 10% Administrative Processes
– 10% Reserve
– 03% IT Infrastructure
– 02% Software Licenses

Social Media Presence & Following
There is solid little community engagment and reception.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.
Token Sale Score:
3.8

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