New Cryptocoin System Protects Buyer And The Contactor

Oct 11, 2017

Gig Economy Coin launches its initial offering sale

UK - October 10, 2017 /PressReleaseAgency/ —

The facts are somewhat staggering. More than 53 million freelancers work in the US, about 34 percent of the national workforce. They contribute approximately $715 billion in earnings to the economy.

There are, however, some inherent problems to freelancing. Since much of this work is done remotely, the opportunities for fraud, non-payment and non-delivery of services are ever present.

Gig Economy Coin (www.gigecoin.com), a UK-based financial technology company, has come up with a groundbreaking and unique solution. It’s a crypto coin called GiGeCoin, which has many advantages, including transaction safety, ease of use and low cost.

The GiGeCoin platform makes use of a decentralized financial platform that minimizes the chances for fraudulent activities, can be installed on any mobile device and can be used without acquiring any special training or knowledge. It protects both the buyer and contactor.

In addition, the GigECoin system creates a network with a centralized booking platform that features virtual terminals and no transaction costs. Money can be exchanged immediately.

 This payment system is ideal for freelancers, including:

Computer and IT programmers
Accounting and finance services
Customer service reps
Writers
Supply nurses
Tutors
Drivers
Personal fitness trainers

Gig Economy Coin launched its initial coin offering (ICO) sale of 75 million GigeCoins on Oct. 10. The sale will continue for one month.

The total cap for GiG has been set at $2.325 billion with a base price of $0.55 per coin and a starting bonus of 50 percent. This price of ETH was locked to the value of USD on the day of the launch.

Gig Economy Coin will use the proceeds of the ICO as follows:

60 percent for sales and marketing to drive expansion plans
30 percent for product development and maintenance
10 percent customer service

Funds raised during the ICO will be held in a multi-signature wallet controlled by Gig Economy Coin. Coins allocated to the founders and team (15 percent), and investors (10 percent) will be reverse-vested for 24 months with monthly cliffs. The platform has set aside a portion of coins (8 percent) for future partnerships as well.

The block chain-based system, which allows digital information to be distributed but not copied, will be the first of its kind in implementing an online system where advance booking can be made for work as well as free online and offline pay terminals. Funds can be accessed with a debit card.

“The launch of the GigeCoin creates a cutting-edge global booking and payment platform for freelancers,” said Joseph Adewale Daramola, CEO and Founder of Gig Economy Coin. “By 2020, we aim for the GigeCoin to become the go-to digital currency for the freelance commerce sector.”

For additional information, visit www.gigecoin.com or send an e-mail to [email protected]

Contact Info:
Name: Media Relations
Organization: Gig Economy Coin

Video URL: https://youtu.be/N17V56DZjEg

Source URL: https://marketersmedia.com/new-cryptocoin-system-protects-buyer-and-the-contactor/248390

For more information, please visit http://www.gigecoin.com

Source: PressReleaseAgency

Release ID: 248390

MORE NEWS
Philippines’ Alexandra Eala recovers to move into Pan Pacific Open quarter-finals in Tokyo
Oct 28, 2026
Philippines’ Alexandra Eala recovers to move into Pan Pacific Open quarter-finals in Tokyo

Philippine sensation Alexandra Eala came from behind to beat Talia Gibson 4-6, 6-2, 6-0 in Tokyo on Wednesday and said “it took a lot to turn that match around”. The world No 19’s recent run of early tournament exits looked in danger of continuing when Australia’s Gibson, ranked 38, took the first set at the Pan Pacific Open. But Eala dug in and evened the match before hitting top gear in a dominating third set. The 21-year-old said the turnaround had been “a gradual increase of level”. “Maybe...

Kimi Antonelli set to end Italy’s puzzlingly long 73-year wait for Formula 1 champion
Oct 28, 2026
Kimi Antonelli set to end Italy’s puzzlingly long 73-year wait for Formula 1 champion

Kimi Antonelli is on the verge of becoming Formula 1’s youngest-ever champion, and the first Italian to win the title since Alberto Ascari in 1953. For a country full of passionate racing fans, the 73-year wait for an Italian champ is puzzling. Over decades without a title contender to cheer, Italy’s legions of passionate “tifosi” fans have worn red to support Ferrari as a team, rather than individual Italian drivers. Now the 20-year-old Antonelli, reportedly rejected by Ferrari as a child...

China’s top swimmers enjoy record-breaking performances at national championships
Oct 28, 2026
China’s top swimmers enjoy record-breaking performances at national championships

Chinese swimmers showcased their strength in depth with record-breaking performances by veterans and rising stars at the national championships in Beijing. As of Tuesday, swimmers had broken one world, six Asian and multiple national records. Zhang Yufei and Zhang Zhanshuo set Asian short-course records in the women’s 100m butterfly and men’s 800m freestyle, clocking 54.87 seconds and seven minutes 28.61 seconds respectively to claim gold. The national event is the official selection trial for...

Runners swap streets for shopping malls as haze chokes Singapore
Oct 28, 2026
Runners swap streets for shopping malls as haze chokes Singapore

The pounding of running shoes echoes through a Singapore shopping centre as fitness enthusiasts desperate to exercise take refuge from choking haze. Smoke from wildfires in neighbouring Indonesia has sent air quality in the city state plummeting to its worst levels in more than a decade in recent weeks, cancelling outdoor activities. Those seeking exercise, including runners training for international events, have found an unconventional alternative: air-conditioned shopping malls. On Saturday,...

Ryan Moore, James McDonald and Zac Purton headline stellar International Jockeys’ Championship line-up
Oct 28, 2026
Ryan Moore, James McDonald and Zac Purton headline stellar International Jockeys’ Championship line-up

International stars Ryan Moore, James McDonald and Joao Moreira, plus nine-time Hong Kong champion Zac Purton, headline a stellar line-up for December’s Longines International Jockeys’ Championship (IJC) at Happy Valley. The current top five in the Longines World’s Best Jockey standings – Moore, McDonald, William Buick, Mickael Barzalona and Purton – will contest the world’s most prestigious jockey challenge, while rising British star Saffie Osborne will make her IJC debut. Moreira, the winner...

The Shah of Iran, Venezuela and how Charlton, Eusebio, Puskas all got to 1986 World Cup
Oct 28, 2026
The Shah of Iran, Venezuela and how Charlton, Eusebio, Puskas all got to 1986 World Cup

The Shah of Iran, a UK assassination, the Venezuelan petrodollar crisis and Colombia’s creaking infrastructure all indirectly led to Bobby Charlton, Eusebio and Ferenc Puskas glad-handing paying supporters outside stadiums at the 1986 World Cup in Mexico. “In their prime, our team would have beaten every side in that World Cup,” said Jaime Byrom, one of the individuals responsible for a sea change in sports hospitality since his first innovative step into the industry 40 years ago. Byrom’s...

SCMP Best Bets: Bustling City can make the punters happy at Sha Tin
Oct 27, 2026
SCMP Best Bets: Bustling City can make the punters happy at Sha Tin

Jay Rooney GIANT LEAP - R7 (4) Only just caught last start and can go one better tonight   Owen Goulding DRAGON AIR FORCE - R9 (6) Hugely unlucky not to win last start when checked late on; can gain compensation   Paul Lally JOLTIN - R6 (10) Good run last start when stepped up in distance and there is more to come   Phillip Woo HAPPY UNIVERSE - R6 (1) Has strong claims after returning a nail-biting third over this trip   Trackwork Spy BUSTLING CITY - R8 (4) Fell short in hat-trick bid at skinny...

AFC to refer Jordan FA chief to judicial bodies over claims about Fifa head Infantino
Oct 27, 2026
AFC to refer Jordan FA chief to judicial bodies over claims about Fifa head Infantino

The Asian Football Confederation (AFC) on Tuesday said it ⁠would refer Jordan ⁠Football Association president Prince ⁠Ali bin Hussein to its judicial bodies, after he accused Fifa president Gianni Infantino of hijacking the AFC Congress for political purposes. At the AFC’s extraordinary Congress in Tokyo on Friday, ‌its president, Sheikh Salman bin Ibrahim Al-Khalifa, endorsed Infantino’s bid for re-election as head of football’s governing body. Only three months after the confederation accused...

Caspar Fownes has Sky-high hopes for Class Three duo at Sha Tin’s all-weather meeting
Oct 27, 2026
Caspar Fownes has Sky-high hopes for Class Three duo at Sha Tin’s all-weather meeting

Caspar Fownes rates Sky Vino and Sky Cap solid top-three chances in their respective Class Three races at Wednesday night’s Sha Tin dirt meeting as he bids to snatch the trainers’ championship lead. One win behind title leader Pierre Ng Pang-chi with 13 victories so far this term, Fownes has faith in Sky Vino despite the two-time all-weather winner drawing wide in barrier 11 in the Pyramid Hill Handicap (1,650m). The consistent Vino Rosso gelding drops in grade after an encouraging seasonal...

Li Bingjie reclaims Asian record as Chinese swimmers eye world championships in Beijing
Oct 27, 2026
Li Bingjie reclaims Asian record as Chinese swimmers eye world championships in Beijing

China’s top swimmers have returned to the pool following their dominant Asian Games display and once again put their competitors on notice with strong performances at the national championships. Li Bingjie reclaimed the women’s 1,500m freestyle short-course Asian record in style, clocking 15 minutes and 34.09 seconds to win gold on Monday. The 24-year-old shaved 4.32 seconds off the previous Asian mark of 15:38.41, set by Singapore’s Gan Ching Hwee just 11 days earlier. Li had held the record...

Football star Kylian Mbappe faces huge China backlash over ‘unacceptable’ remark
Oct 27, 2026
Football star Kylian Mbappe faces huge China backlash over ‘unacceptable’ remark

French football superstar Kylian Mbappe has issued an apology after an “ill-judged” comment about China sparked intense backlash on social media and led a string of major Chinese brands to cut ties with him. After a video began circulating widely online that appeared to show the France and Real Madrid striker making a controversial remark about former Chinese leader Mao Zedong, several Chinese firms including the dairy giant Mengniu announced they were pulling out of deals with him on...

Top doubles players urge ATP bosses to rethink changes that would gut the sport
Oct 27, 2026
Top doubles players urge ATP bosses to rethink changes that would gut the sport

Leading men’s doubles players have called on the ATP Tour to reconsider ⁠plans that would reduce the ⁠size of the doubles competitions at ⁠events and move prize money to the singles format. In a letter addressed to the ATP board and management and signed by 137 active players, 33 former players and 20 federations, the group said it understood the need for reform, but was deeply concerned about ‌the plans being discussed. The ATP said this month it was reviewing potential changes to the size of...

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

SukanKini focuses on the nation’s favorite sports and local leagues and the rivalry between our teams with other players across South East Asia and even all over the world.