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CONTENTS1. AN OVERVIEW OF MARKET2. CHALLENGES 2.1 Applicable problems and solutions3. WHAT IS THE KOILOP?3.1 Why choose KOILOP?3.2 Koilop applies blockchain platformtechnology?3.3 Fast and no chargeback payment transactions3.4 Payments security3.5 No data manipulation 4. BENEFITS FOR USERS4.1 Low transaction cost 4.2 Proof of work4.3 Decentralization benefits5. AN OVERVIEW OF THE KOILOP ECOSYSTEM MODEL 5.1 Smart contract5.2 How it works?5.3 Private enterprise, interconnected,exchange of services5.4 The service users5.5 The service providers5.6 Components of the Koilop system6. FEATURES OF THE KOILOP PLATFORM 6.1 With businesses and freelancers6.2 Koilop Top talent recognitionprogram 6.3 Guaranteed quality and Unbiased dispute management6.4 Uncensored and decentralized reputation 6.5 Team Building - work as a team and get hired as a team6.6 Easy profile setup and customizations
7. PROVIDING EXTENSIVE SERVICE PACKS FOR BUSINESS 8. COMPETITIVE ADVANTAGES 8.1 Differences8.2 Practical applications8.3 Connect business and private global, breaking national barriers8.4 Marketing strategies9. KOILOP ICO9.1 Basic token features9.2 KLP Token selling9.3 Token distribution9.4 Bonus system9.5 Using Tokenomics for payment in ecosystem platform9.6 Koilop Token Planned growth strategy9.7 Token liquidity and exchange listing10. ROADMAP11. USER SECURITY AND SUPPORTS11.1 Services on smart contract platform11.2 Anti-cheating11.3. Ant-corruption11.4 Decentralized dispute resolution model11.5 Skill management11.6 24/7 Customer Service11.7 Chat11.8 Reliable and secure12. ADVISORY BOARD13. OUR TEAM14. DISCLAIMER14.1 Statement and Warranties14.2 Forward-Looking Statement15. AML
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The world’s best blockchain powered freelance community
KOILOP
“Freelancers now make up 35% of U.S. workers and collectively earned $1 trillion in the past year, according to the “Freelancing in America: 2016” survey released this morning by the Freelancers Union, based in New York City, and the giant freelancing platform Upwork, headquartered in Silicon Valley. The Freelancers Union represents 300,000 members.” – Forbes
According to market research, the freelance industry is worth over $1.5 trillion having US and Canada making up for over half of the global freelancers' distribution. With the above stats, it is alarming to see that only a few freelancing sites have captured this enormous market currently. While everyone can find freelancers or jobs for free by contacting the other side directly using various internet forums or gathering places, centralized freelance sites add value by providing the following: -The easily searchable pool of talent and employers - Escrow service
The freelance/gig industry is comprised of freelancers, professionals, home service providers, digital service providers and self-employed individuals and others. The industry is experiencing an exponential and geometric growth at the moment as more professionals and individuals are seeking to gain complete freedom of their careers and how they sell and offer their skill and service. It is projected to increase towards 40% of the global workforce in the next decade, with over 200 million workers and with a total annual transaction volume approaching $2trillion.
1. AN OVERVIEW OF MARKET
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KOILOP
The traditional centralized freelance industry is faced with particular challenges. Freelancers and clients meet these challenges on freelancing platforms such as Upwork, Fiverr, PHP, and others.
- Freelancers don’t receive 100% of their revenue after completion of a job as 5% - 30% goes to the intermediary or platform. For example, Fiverr takes 20% off all the income made by sellers in every sale made. - There are limited ways for users to receive their funds, most especially for users not in the US or Canada. - Disputes are handing: this is a very trivial issue as disputes are bound to occur when transactions are carried out between the buyer and seller (freelancer and client). Disputes are resolved by single entities which question the objectivity of the resolutions made. - Delay in funds clearing: Freelancers are faced with this challenge as they are forced to wait several days after completion and settlement of a job/transaction before their revenues are released to them. It is only reasonable for freelancers to want their funds released to them after completion of a client's job. This is entirely understandable as getting paid online could be cumbersome.
With Fiverr, you need to wait for a buyer/customer to complete an order before the project is marked as completed, after which you would have to wait for another 14 days for funds clearance before funds become available for withdrawal. Cryptocurrency payments are instant and having no limitations, even across international borders. This is useful to freelancers as cryptocurrency can be easily exchanged, so funds can be withdrawn and used as soon as transactions are marked as settled. The blockchain uniqueness lies in its potency to tokenize any industry/market and the major problem which faced by buyers/employers and sellers/freelancers on the current platforms is the trust.Cryptocurrency tokens and smart contracts can be employed in strategic ways to incentivize everyone to act professionally and reasonably at all times. Koilop aims to tokenize reputation, and assigning it a real market value on the Koilop platform. This will prove to be a more secure environment for freelancers and employers who would patronize the platform. Decentralization can also mean fairer, distributed dispute resolution, leading to better contract outcomes, more accurate ratings, and less centralized authoritarian control.
2. CHALLENGES
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KOILOP
2.1. Applicable problems and solutions
How do we tackle some of the pressing issues faced by freelancers and clients on current centralized freelancing platforms? An overview of the problems will be covered below: 1. Difficulty in getting clients to close deals so freelancers can receive payment 2. Clients leaving undeserved/negative profile reviews 3. Unlimited, centralized power on current freelancing platforms
Case study 1: “From experiences on different freelancing platforms, getting paid by your Client often proves to be difficult since they have to close a deal before payments are released. Is there a way payment for work done must be completed?”Once a transaction has been put in motion, the Client’s money is frozen until the contract is fulfilled by the freelancer. If a client is not satisfied with work of the hired Freelancer, he has the option to request for a refund while the Freelancer has the same opportunity available to him in case he received an unreasonably bad review or feels the client is trying to cheat. Intentional bad reviews will lead to clients losing their accounts.
Case study 2: “It is sometimes noticed in traditional freelancing platforms that Clients leave undeservedly bad reviews for jobs completed. Is there a way to deal with this problem?” On most freelancing platforms such as Fiverr and Upwork, the only option open to freelancers after receiving an undeserved bad review is to contact CS, and in most cases, nothing is done about it. But on Koilop, freelancers will have the ability to contest wrongly addressed reviews for jobs completed, and we will have our unbiased review team address the issue quickly. Case study 3:“Unexplained suspension of a freelancer’s account without prior notice or explanation remains a freelancer’s nightmare on traditional freelancing platforms. How does Koilop handle this?This problem causes the trust in freelancing platforms to deteriorate as freelancers are confronted with the reality that they can lose their source of income at any given time, making freelancing platforms too insecure to be a sole source of work for Freelancers. On the Koilop platform, this is an impossible occurrence because we don’t have a single authority who can suspend accounts unnecessarily without explanations and prior notice.
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KOILOP
Koilop is a decentralized peer-to-peer freelance system, in which buyers/clients and freelancers/service providers can conduct business and exchange of money for service using non-bounded smart contracts by reputation and cash in escrow. We intend to combine economic initiative with reputation into one by tokenizing reputation and assigning it a value. Thus, all parties, moderators included (if need be), have a common goal to act honestly since, since they all have a common interest - which is to exchange services and monies. We will completely revolutionize the current digital marketplace by developing our Koilop model ecosystem with a full integration of the blockchain technology.
3.1. Why choose KOILOP?
The freelance space has been plagued with so many limitations such as fake reviews, delayed payment to service providers, limited payment issues but the Platform is employing the blockchain technology to completely revolutionize the global freelance network. Extensive and easy to use service: - Low fees - Low transaction costs - Detailed sales analysis - Advertising support of your business - Payment in popular cryptocurrencies - International markets access - Transparent and decentralized review system
3.2. Koilop applies blockchain platform technology?
At Koilop, the Blockchain technology is a vital and irreplaceable part of our ideas, beliefs and successes. The use of decentralized and distributed ledgers and the execution of smart contracts will result in a sheer, irrevocable, inviolable and decentralized power.
3. WHAT IS THE KOILOP?
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KOILOP
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KOILOP
3.3. Fast and no chargeback payment transactions All payments among system participants (Clients and freelancers) will be processed using the KOILOP token based on a cryptocurrency model of exchange. This will ensure a fast and reliable transfer of funds, usually in a matter of seconds. Taking into account the existing FIAT payment processors, the transaction can take up to 72 hours to be confirmed, depending on the delivery time and the distance between the sender and the recipient. Also, it is relatively easy for the unfair owner of the project to request a revocation and cheat an independent freelancer. This is impossible in the blockchain because all transactions are immutable.
3.4. Payments security
Utilizing the smart contracts, Koilop will ensure that all justly deserved earnings of the freelancers will be received. Irrespective of the charge model, fixed price or hourly based, the funds will be held in advance, before starting the actual work and transferred at the right time when both the business owner and the freelancer agree that the negotiated requirements are met. In case of work dispute, a group of experts will be engaged in the resolution process so the final decision will be determined by their votes in a transparent way, not relying only on a single decision maker.
3.5. No data manipulation Independent platforms in the market often suspend accounts in unclear circumstances, resulting in frozen income and the inability to accept new jobs. This is a catastrophic scenario for people who depend solely on the benefits of these platforms, who have worked hard to build a professional reputation and professional network. Unfortunately, the same negative impact is also noticed for the owners, the breakdown of job offers at the end of the employment campaign can generate significant delays and costs. On the other hand, some parties may benefit from unfairly manipulated evaluations and audits.
The integration of the blockchain technology on the Koilop platform is revolutionary as this creates a lot of benefits for the users. The users on the Koilop platform refer to the buyers, clients/service providers and others. - Immutable, secure record of transactions The immutability of the blockchain technology allows secure storage of a large number of transactions in a safe environment which makes our user data free from hackers or theft. The agreements between the freelancers and their clients can become a part of the permanent record, which is hard to breach or compromise.
4.1. Low transaction cost In the freelancing ecosystem, there is no set boundary for the workflow. However, that is not the case for payment as transferring payments between regions and countries has its limitations and extra cost. But with the blockchain technology in the Koilop platform, users can quickly get paid for their services without having to go through rigorous payment procedures or delays. Buyers also can make payments with little or no fees on our platform.
4.2. Proof of work
Credibility is the biggest concern in the freelancing industry. In recent times, we have experienced cases of fake reviews on several freelancing platforms which trick buyers or clients into purchasing bad products or services, but with the Koilop platform and Blockchain, freelancers and service providers can store their profile and portfolio data on Blockchain which can be copyrighted too. Low fees -> Every freelancer will get their fund at its best value with little or no fees paid.
4.3. Decentralization benefits With the use of decentralized proof of work and proof of stake, users can easily enjoy the benefits of having secured and recorded transactions with fast confirmation.
4. BENEFITS FOR USERS
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KOILOP
The Koilop ecosystem is specifically designed to ease the process of freelancing for service providers/freelancers and clients/buyers. This ranges from proper exposure of services by service providers, safer and better payment method through cryptocurrency, genuine customer reviews and lots more.
5. AN OVERVIEW OF THE KOILOP ECOSYSTEM MODEL
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KOILOP
Support & arbitrage system Marketplace & platform
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KOILOP
5.1. Smart contract
Buyer
Marketplace
Bindingplatform
P2PMarket
Wallet
Seller
MarketFees
Wallet
SmartContract
Business
Freelancer
Services
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The Koilop system will be employing the use of the Intelligent Contract instead of “Smart Contracts” due to the technical flaws in smart contracts which are: - Security - Reliability - Ease of useWith intelligent contracts, the decentralized consensus and immutability features of blockchain enable the contracts to be created with embedded rules that automatically govern the ledger data within the contract. The simply means there is no need for an escrow or third party to govern transactions between clients and freelancers as they are completely handled by our intelligent contract. The exchange of services is carried out automatically under precisely defined conditions by our intelligent contract.
5.2. How it works?
The Koilop ecosystem is a digital decentralized marketplace properly built in a professional environment which creates a global connection between buyers and sellers. The blockchain and smart contract technology is fully integrated into the ecosystem to provide a better exchange of services and payments in the KOILOP marketplace.
5.3. Private enterprise, interconnected, exchange of services
Using the KOILOP ecosystem model, we intend to leverage interconnection to harness the blockchain technology in the KOILOP ecosystem. In this scenario, interconnected enterprises will be able to use Blockchain, but in a limited fashion to validate identities for distributed sets of services. For this security structure to work within the enterprise, firms will need to combine “off - blockchain” capabilities such as that has access to the Blockchain ledger, with the full capabilities of the ledger itself (validation, encryption) to enable an enterprise to others enterprise transactions at scale.In a bid to Leverage Interconnection to harness Blockchain technology, Digital wallet transactions, happening via Blockchain would require direct and secure data links between these private enterprises.An interconnection between private enterprises is so robust that it’s a completely secure, high bandwidth connection with zero latency. This ensures proper exchange of services between these private enterprises in the KOILOP ecosystem. Our Interconnection Oriented Architecture ultimately increases the proximity to both private firms needed to perform digital wallet transactions – maximizing their ability to leverage performance, scalability and security during critical services and data exchanges.
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KOILOP
5.4. The service users
This refers to businessmen, individuals who require digital services for their businesses or personal use. The services found on the Koilop platform are completely determined by the Koilop Sellers as they could range from web design, writing, programming, finance and lots more.
- Search for service: Buyers can use the search feature to find services they need on the Koilop platform. - Connect human service provider: After searching for a required service, the search results display a list of human service providers offering such service. This leaves the buyer to make a choice and proceed to connect with the desired service provider. - Sign an intelligent service contract - Undertake the two parties to approve - Complete the service
Searchingservices
Connectingservices
Contractingservices
Confirmingcompletion
Evaluating andcommenting
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KOILOP
5.5. The service providers
The service providers on Koilop refer to individuals, businessmen and professionals who sign up on the Koilop platform to offer their services, skills which are needed by the buyers. There is no limit to the kind of services and products which can be offered and sold on the platform.
All interested service providers and sellers must sign up on the Koilop platform and setup their profiles before they are eligible to make sales. Other process includes:
- Pricing your products for sale in Koilop - Users receive notification upon an order received - The Koilop system is designed to enable buyers to discuss details of the business/transaction with customers. - Distribution of work on the time of service delivery - Receive payment when the two parties confirm completion - Revenue is strictly confidential with blockchain security technology 3.0
Registeringservices
Revenuesecurity
Receivingpayments
Receivingnotices
Settingprices
Distributingjobs about time
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5.6. Components of the Koilop system
Back office and admin panel This is meant for designated Koilop staff only. It is designed to allow Koilop staff and customer service agent with access to quickly resolve a client’s or freelancer’s issue.
Ethereum blockchain The Ethereum blockchain is the foundation for our smart contracts and the Koilop token.
MarketplaceThe Koilop marketplace is poised with the responsibility of creating a conducive, transparent and authentic environment where freelancers, professionals, and clients around the world can connect for the rendering of services, hiring of professionals for jobs and so much more. Furthermore, it will serve as a mechanism for business representatives, professionals across the globe to conduct business and trade services using the Koilop token as a means of exchange and payment.
Anti-Fraud system Our anti-fraud mechanism is embedded in our ecosystem to quickly spot fraudulent activities such as fake reviews acquired to cheat the system into getting better placement as a freelancer, undeserved refunds for jobs well completed, protections of clients against fraudsters who might lure them out the platform in order to scam them of funds and others.
6. FEATURES OF THE KOILOP PLATFORM
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KOILOP
6.1. With businesses and freelancers
Koilop will operate a low fee or no commission model for getting any project delivered in comparison to the current freelance platforms such as Upwork, Fiverr and others with enormous charges ranging from 10% to 25%. In most cases, these high fees leave no choice for both the freelancer and business representative than to conduct transactions outside the freelancing platform while putting their comfort and security at risk. With Koilop, nobody pays exorbitant fees to any middleman. We offer a low or commission-less world-class service that stimulates the freelance community to work together on the platform.
6.2. Koilop Top talent recognition program Our talent recognition program allows the freelancers to be acknowledged as top talent and work at premium rates. On the other hand business owners will be able to access that pool of proven and tested experts and hire the best for their project. On top of that by helping us assess the freelancers, additional earnings can be generated.
6.3. Guaranteed quality and Unbiased dispute management We firmly believe that disputes should be resolved by an unbiased and independent resolution team only. Following this belief, we came up with our dispute settlement process that guarantees business owners will get the best quality and freelancers will be protected from unfair employers. Furthermore, it enables our token holders to earn extra income from participating in election and evaluation of the experts that are eligible to resolve disputes.
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6.4. Uncensored and decentralized reputation At Koilop, there is no central authority in charge of job reviews, ratings, achievements, earnings, and others. Everything happens on blockchain which makes it decentralized, uncensored and immutable. This will allow only the best freelancers to excel and thrive on the Koilop platform. With this, project owners or business representatives can regain confidence in the trusted source of data to base their decisions.
6.5. Team Building - work as a team and get hired as a team
It is a well-established fact that professional organizations are far more productive than a small group of individuals and we intend to promote this idea on our platform. With the Koilop freelancing platform, freelancers will be able to form alliances, teams and apply for projects as a team unlike the traditional freelancing platforms out there.
6.6. Easy profile setup and customizations Building a freelance reputation takes time, and so at Koilop, we will ensure that a freelancer’s previous reputation on other freelance platforms are not put to waste when they decide to join the Koilop platform. We are setting up an easy profile setup and customization which will enable freelancers to easily migrate their portfolio, from previous platforms into the Koilop platform. We believe with this innovation, already established freelancers would not have to start from building their reputation from scratch.
How can employers or project owners be sure of hiring the best talent? A key feature of Koilop is our talent recognition program. This program will allow business owners to delegate to us the time-consuming and sometimes frustrating task of finding and hiring freelancers. By proactive vetting of the experts working on the platform, we will be building a database of pre-selected and time-tested top talent. If the project requires proven expertise we will be able to assist in reaching it. Careful filtering based on the project criteria, language tests and interviews, soft and technical skills assessment, checking certifications, verifying identity and others are just some of the actions we can perform on behalf of the project owner. The outcome will be an index of the best available talent, freelancer or professional that fits the requirements. The list of suggested freelancers will be backed with all the information generated through the process, plus the expert’s track record and analysis on how they will fit the project including the cost. This will enable the business representative or project owner to make their choices based on carefully selected and validated data. The uniqueness in our offering lies in the opportunity of the Koilop token holders and community members that are experts in various areas to earn additional income by participating in this talent recognition program. In this way, the vetting process will be a win-win model for the community and will enable us to employ the vast amount of SMEs in assessing the freelancers.
The Koilop platform will be attracting and reaching out to top professionals in several areas of specialization to join the platform and offer their high-end services. This is in a bid to attract high-end businesses to the Koilop ecosystem. The creation of exclusive packages on the Koilop platform will attract top class professionals. We will be setting up a mechanism to ensure the proper review of these top professionals who would have access to the exclusive packages on our platform. An accurate assessment of targeted financial markets of experienced professionals will be provided by the Koilop ecosystem.
7. PROVIDING EXTENSIVE SERVICE PACKS FOR BUSINESS
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Our major competitors in the freelancing and digital marketplace are the top centralized freelance platforms as listed below: - Fiverr - Upwork - Codeable - PPH – People per hour - Freelancer.com Koilop will employ the blockchain technology to completely disrupt the freelance digital marketplace and as such will have its advantages over the above listed centralized platforms.
8.1. Differences
8. COMPETITIVE ADVANTAGES
Platform
Koilop
Fiverr
Upwork
Codeable
PPH
Freelancer.com
Nature Funds release Mode of transaction
Payment system
Transaction fees
Freelancers’ Revenue
Decentralized
Immediate release of payments to freelancers after job completion
Use of smartcontrast to automatically handle transactions
FIAT & Cryptocurrency
Little or no transaction fees
99%
Centralized
Centralized
Centralized
Centralized
Centralized
Freelancers have to wait for 14 days
Freelancers have to wait for 5 days
Use of escrow FIAT only High
Use of escrow FIAT only High
Use of escrow FIAT only High
Use of escrow FIAT only High
Use of escrow FIAT only High
80%
80%
85%
80%
87%
Not immediate
Not immediate
Not immediate
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8.2. Practical applications
As a client, you can load your Koilop wallet with koilop coins and other cryptocurrencies. As a client, you can instantly connect and pay for services locally and globally, with no fees. - Koilop supports most P2P services with an emphasis on the fair exchange of services governed by intelligent contract. - Users help curate and verify new service providers with reviews. - As a service provider, you will can Koilop Coin for your skills and services. Service providers can spend Koilop coin in the app or exchange it for other cryptocurrencies. - As a service provider, freely advertise your skills and services to a global marketplace for a meager fee. Who can use the Koilop Platform? Buyers/employers or businessmen, individuals, and sellers/employees. Businessmen: Lawyers, Business advisors, programmers, social media influencers, writers, graphics designers and others.
8.3. Connect business and private global, breaking national barriers
The Koilop platform will connect businesses, private firms and enterprises across the world to enable proper exchanges of services between employers and freelancers. Out integration of the blockchain technology will disrupt the traditional payments system and in turn break national barriers as payments can be made in cryptocurrencies which will ensure any freelancer can get paid easily in any part of the world; same goes for clients who want to purchase a service in any part of the world.
KOILOP
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8.4. Marketing strategies
At Koilop, we firmly believe that marketing will play a significant role in determining the success of the platform. We can only be introduced to the world via a thoroughly planned campaign. Our strategic marketing campaign will cover advertising, public relations, promotions, sales, customer relations, video marketing and others. The goal here is to distribute focused and engaging content properly explaining and describing the Koilop platform in easy to understand terms and visuals.The success of our marketing campaign launch lies in utilizing the different tools at our disposal - from social media to blockchain specific forums and websites, to private sales outbound strategy and airdrops. We also aim to target the customers and freelancers of other platforms while showing them the benefits of using the Koilop. We have focused our attention on several marketing channels we believe would be of great interest in spreading the news of our project. To ensure we achieve our marketing goals, we will focus on the following marketing media.
SEO Online visibility is a crucial factor in determining the success of any website and platform. We have carefully allocated funds for paid advertising as there is no doubt that when the audience is targeted correctly; it proves to be working great. However, our IT professionals will leverage their expertise in SEO strategies to ensure that our unpaid, “organic” results rank as high as possible. We aim to harness the benefits of the search feature as freelancers and business owners look for outsourcing opportunities every day. We will continuously optimize our site, adding and editing content, rewriting HTML and associated coding to eliminate every indexing barriers of various search.
TARGETED ADVERTISING ON SOCIAL MEDIA Our marketing experts will make sure to use the most sophisticated methods to target the most receptive audience for our project. We will focus on SPECIFIC demographics. Our social media invasion will be carefully planned as we realize it is the heart of the marketing. Formation of our community will give us the most adequately targeted audience, will help us interact with our backers and users and build iterative feedback. Our goal is to be represented in the most significant global and local social networks, both by creating and supporting verified profile and by group chats, where all discussions will be encouraged. We will make sure we listen to the voice of our user’s rights from the start and be flexible to adjust based on the mass perception of our product. With competitions, interactive content and bounty programs, we will engage our audience, create a dialogue and actively listen to each other.
KOILOP
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PR We look forward to being featured in some of the most prestigious publications devoted to projects like ours:
- TechCrunch - Mashable - The Economist - The Wall Street Journal - The Verge - Tech in Asia - TechRepublic
VIDEO ADS Video advertising is considered to be one of the most effective marketing media. We intend to explore this method too.
KOILOP
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The Koilop ICO is required to enable us to raise funds for the further development of the Koilop decentralized freelance community to provide a fair environment for the exchange of services.
9.1. Basic token features
9. KOILOP ICO
Total supply
Country of Origin
Token symbol
Token name
Cost per KLP token/ETH
Softcap
Hardcap
Maximum investment
Minimum investment
Poland
KLP
Koilop
0,1 ETH
3,000,000 USD
10,000/1 ETH
12,000,000 USD
Unlimited
600 million
9.2. KLP Token selling
To support the early adopters of the Koilop token, the ICO will start with a vital bonus system. Early adopters will buy the token exceptional prices and discounts which will not be offered in any of the future sales or affiliate program. By partaking in Koilop right from ICO, you will have the assurance of the best possible price and will be considered as an active sponsor and participant in the development and establishment of Koilop as a leader in a contemporary freelancing. The KLP token is a vital component of the KOILOP ecosystem. As our utility token, on top of transferring funds with no commission, it gives various benefits to its holders. As the platform evolves, our KOILOP community will grow both in size and quality. While stimulating the possession of KLP tokens by incentivizing the token holders with exclusive benefits, the demand and the value of KLP will dramatically increase. Token holders will be entitled to access our premium features for free as well as able to earn more by helping us shape our community. Possession of the KLP token gives you a unique ability to participate in our talent recognition program that allows you to earn additional income by helping us evaluate freelancers. Also, by participating in the resolution of disputes, markers will accumulate other characters. The KLP token will be the key to Koilop's long-term sustainable success.
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9.3. Token distribution
PRA – V 42 000 000 KLP 30%
20%
18%
16%
14%
12%
10%
8%
6%
4%
0%
05/10/2018 - 14/10/2018
BONUS TIME
ICO
32 900 000 KLP
32 900 000 KLP
32 900 000 KLP
32 900 000 KLP
32 900 000 KLP
32 900 000 KLP
32 900 000 KLP
32 900 000 KLP
32 900 000 KLP
33 768 000 KLP
15/10/2018 - 21/10/2018
22/10/2018 - 28/10/2018
29/10/2018 - 04/11/2018
05/11/2018 - 11/11/2018
12/11/2018 - 18/11/2018
19/11/2018 - 25/11/2018
26/11/2018 - 02/12/2018
03/12/2018 - 09/12/2018
10/12/2018 - 16/12/2018
17/12/2018 - 23/12/2018
10% selling KLP
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
The sellingschedule
The tokenselling
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9.4 Bonus system
Level Bonus
F1 8%
5%
3%
2%
1%
0.5%
0.4%
0.3%
0.2%
0.1%
F2
F3
F4
F5
F6
F7
F8
F9
F10
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9.5 Using Tokenomics for payment in ecosystem platform
In this context, tokenomics simply refers to the economic fundamentals of the Koilop digital marketplace. Koilop aims to create a new agile and liquid investment ecosystem focused on producing a decentralized marketplace which aims to provide a professional environment for the exchange of services between employers and freelancers. We have studied and carefully scrutinized the business model and the creation, maintenance and growth strategy value for all involved.On our upcoming http://koilopecosystem.com site, our users will acquire economic rights of the Koilop products by paying with KLP Tokens. The Price in KLP Tokens will be converted from its FIAT price at market price for stability.
We expect that as our site becomes popular by natural word of mouth and other marketing strategies put in place, we will capture a wider market of global freelancers and employers ready to exchange services for cash through the Koilop platform. This will increase the utility of our token.
9.6 Koilop Token Planned growth strategy
As all tokens will be created at the Token Sale stage, the token will be deflationary. There will be a planned reduction of new coins by 10% every year to ensure that Koilop token becomes deflationary. The value of KLP will only increase until it plateaus and the last coin is mined (issued). The deflation of the Koilop might cause a little reduction in the price but that simply reflects the fact that productivity increases in our ecosystem. The deflationary effect of Koilop will be beneficial as merchants can now buy, sell and redistribute the Koilop assets at a lower cost, leading to lower prices for consumers and users. This deflation will also lead to an increase in the purchasing power of the Koilop currency, which buys more Koilop Products. Also, the deflationary nature of KLP will create more HOLDERS than dumpers of the Koilop currency.
As more investments are made in the Koilop ecosystem, less Koilop tokens will remain in circulation, so the availability of the tokens will be lower every time the holders keep crowdfunding the Koilop Project and as a result, we believe the price will increase in value.
9.7 Token liquidity and exchange listing
As KLP implements the ERC-20 standard on the Ethereum blockchain, it will be compatible with most of the existing wallets and exchanges, guaranteeing high liquidity.
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10. ROADMAP
Q1: - Publish Whitepaper Q2: - Check the separate smart contract of the block based block-based koilop - Develop a privacy policy for transparently distributed services between buyers and sellers on an ERC20 platform. Q3, Q4: - Test the services of the algorithm in the ecosystem on the Blockchain platform, the ability to extend the decentralized application to third parties.
- IPO - Securities Commission
- Start ATM, smart card - Expand the KOILOP ecosystem
2021
2022
2019
2017
2020
2018
Q1: - Market ecosystem analysis for an overview of potential services 2018- 2020Q2: - Formally deploys applications and algorithms in the ecosystem on the 2.0 Smart Contract Q3: - Improved security, enhanced security - Open the Koiloppecosystem.com ecosystem page Q4: - Launch of Koilop Project (KOI) - ICO
Q1: - Launch local Exchange - Binance, Yobit Associates API Report - Debut APP - Service-to-service exchange link between service user and service provider in currency (KOI)Q2: - International conferences, global events - Ecosystem-wide analysis on the connection of essential services to users and service providersQ3: - Cooperate in linking services with partner companies - Develop a business platform that connects businesses - Increasing investment, expanding the market - To develop the ecological brand name in the worldQ4: - Start developing payment gateways of transactions in the ecosystem - Investment in technology and facilities - Develop diplomacy, cooperation with bilateral trade partners
11.1. Services on smart contract platform
BLOCKCHAIN 2.0’s services have expanded to pre- and post- work processes covering the content of related contracts, including the transfer of fund between parties contracting; it is expected to be a P2P- based contract system on auto execution under smart contracts between the parties to a transaction.
Ethereum, the representative of blockchain2.0, is an open platform that considers blockchain as a simple database, where all assets can be uploaded, and the way each asset moves or is transacted can be programmed directly. Ethereum supports a separate, independent Java-based language called solidity- its Turing language- which virtually allows any transaction to be processed. From the client's point of view, are supervised by mechanically applied execution procedures to guarantee fairness. They can release and transfer funds directly and automatically when certain conditions are met. Technically speaking, an intelligent contract is a particular type of network service, responsible for the execution of the program for specific contracts; a consensus network must be made on the blockchain. As it is based on a shared understanding, any intelligent contract code in Blockchain and its status must be public and subject to modifications. However, each hacker can see, discreetly, each line of code that could be used.
There is a lack of security in approximately every 1000 lines of open source. In this sense, with the best version of the Linux 2.6 kernel, the security rate is 0.127 per thousand lines of code.
11.2. Anti-cheating
With the integration of the blockchain technology in the Koilop platform, every data on Koilop will be stored on the blockchain which is immutable and falsify-proof as no one can tamper with them. This will lead freelancers and clients to completely trust the Koilop system.
11. USER SECURITY AND SUPPORTS
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11.3. Ant-corruption
When analyzing the potential of the blockchain technology in anti-corruption efforts, it is essential to separate Bitcoin and other cryptocurrencies. Currently, Blockchain is not used as a specific anti-corruption tool, but the durability of the data stored in a public ledger makes it resistant to manipulation for fraudulent purposes.
11.4. Decentralized dispute resolution model
Koilop will implement a dispute settlement process via a Decentralized dispute resolution model.Dispute resolutions on traditional freelancing platforms are usually one-sided and in most cases leave the freelancer at a loss. We believe dispute resolution processes should not be handled by selected individuals only but by the community to arrive at more objective resolutions. We have analyzed various models and have carefully chosen the best option to do so. Based on our model, disputes will be handled by experts in the similar field of expertise which are voted by the community. This is why Koilop will implement a unique dispute resolution model which empowers the community while keeps the decision making in the hands of experts and incentivizes them to do their job correctly.
11.5. Skill management
In order to ensure clients and business representatives don’t spend a considerable amount of time searching for freelancers with specific skill set to handle their jobs, the Koilop platform will be designed such that the freelancers and professionals will have the ability to list out and manage their skill set on their user profiles as this will be used as a major tool by client when searching for the best freelancer/professional to hire for their project.
11.6. 24/7 Customer Service
This is a very unique feature of the Koilop platform, as issues are bound to occur wherever transactions occur. The Koilop platform will be putting together a well-trained customer service to always attend to clients and freelancers queries whenever the need arises. The team will be available 24 hours a day and 7 days a week.
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11.7. Chat
For every settled transaction between a client and a freelancer, there has to be a medium of communication between them. At Koilop, we are building a world-class chat feature where clients, users, freelancers and project owners can easily meet to discuss their businesses, pricing and lots more.
11.8. Reliable and secure
Buyers on the Koilop ecosystem can safely rely on the Koilop platform to provide credible, genuine and professional service providers who will offer them premium services. Also, sellers on the Koilop ecosystem are rested assured of getting due payments for services rendered on the Koilop platform.
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12. ADVISORY BOARD
1. Advisor Blockchain
Chris Wozniak is a consulted expert of ICO. He graduated from West Pomeranian University of Technology. He has many consultative experiences of blockchain for ICOs.
12. Advisor
Steve Lee has many experiences of ICO consultancy, currently he is a CEO of IAMKNIGHT.
13. Advisor
Kejenthran AM graduated from Griffith University. He currently is the Founder & CEO in WagerGames. He has consulted for many ICOs.
Chris Wozniak
Steve Lee
Kejenthran AM
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13. OUR TEAM
1. CTO & Co-Founder :
William Roberts is an experienced software engineer in many years who worked in Unity Group and Exadel about the technology problem. He graduated from the Massachusetts Institute of Technology.
2. CFO : Rebecca Barnett has financial management experiences in Appliances Online and Solista who graduated from the University of Melbourne.
3. Project Manager :
Charlie Barton is a project manager with more than 8 years of experiences. He has had worked in Cloud Technology Solution and Google. Charlie Barton graduated from the University College London.
William Roberts
Rebecca Barnett
Charlie Barton
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4. Digital Marketing Strategist :
Felix Baier has 10 years of experiences in digital marketing. He had experiences of working in CD Projekt. He graduated from the Warsaw School of Economics.
5. Head of Blockchain Development :
With 5 years experiences studying of blockchain, Muhsin Waqar Tuma has constantly developed and researched about blockchain to achieve the best result. He had experiences in Ciklum and many other projects of blockchain. He graduated from the Stanford University.
6. Chief Marketing Officer :
As an expert in the marketing field with a long experience, Matthew Morgan had experiences of working in Intetics Inc and Microsoft. He graduated from the Massachusetts Institute of Technology.
Felix Baier
Muhsin Waqar Tuma
Matthew Morgan
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7. Data Analyst :
Exploiting and analyzing data are favorites of Michael Ziegler. He had 8 years of experiences in this field. He had worked in the SoundCloud. He graduated from the University of Glasgow.
8. Chief Communications Officer :
Louis Davey has more than 10 years of experiences in the media, the most outstanding experience is working at the Nuji. He graduated from the University College London.
9. Head of Legal Department :
Josh Jackson has 9 experiences in the legal field, mainly researched and consulted about the company’s legal issues. He has worked in Canddi and consulted for other companies. He graduated from the Stanford University.
Michael Ziegler
Louis Davey
Josh Jackson
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10. Javascript Developer :
Anthony Carroll is a Javascript developer with many years of experiences. He has worked on many great and successful projects. His outstanding working experience is at Edocr. He graduated from the University of Oxford.
Anthony Carroll
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14. DISCLAIMER14.1 Statement and Warranties
This document is a technical white paper (“White Paper”) setting out the current and future developments of the Koilop (the “Company”). This paper is for information purposes only and is not a statement of future intent. Unless expressly specified otherwise, the products and innovations set out in this White Paper are currently under development and are not currently in deployment. The company makes no warranties or representations as to the successful development or implementation of such technologies and innovations or achievement of any other activities noted in this White Paper and disclaims any warranties implied by law or otherwise to the extent permitted by law. No person is entitled to rely on the contents of this White Paper or any inferences drawn from it, including any interactions with the Company or the technologies mentioned in this White Paper. The company disclaims all liability for any loss or damage of whatsoever kind (whether foreseeable or not) that may arise from any person acting on any information and opinions relating to the company, the company platform or the company ecosystem contained in this White Paper or any report that is made available in connection with any further inquiries, notwithstanding any negligence, default, or lack of care. The information contained in this publication is derived from data obtained from sources believed by the company to be reliable and is given in good faith, but no warranties, guarantees, or presentations are made by the company about the accuracy, completeness, or suitability of the information presented. It should not be relied upon and shall not confer rights or remedies upon you or any of your employees, creditors, holders of securities or other equity holders, or any other person. Any opinions expressed reflect the current judgment of the authors of this White Paper and did not necessarily represent the view of the Company. The views indicated herein may change without notice, and the opinions do not necessarily correspond to the opinions of the Company. The Company does not have an obligation to amend, modify, or update this White Paper or to notify a reader or recipient thereof otherwise if any matter stated herein or any opinion, projection, forecast, or estimate set forth herein changes or subsequently becomes inaccurate.
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The company, its directors, employees, contractors, and representatives do not have any responsibility or liability to any person or recipient (whether by reason of negligence, negligent misstatement, or otherwise) arising from any statement, opinion, or information expressed or implied, arising out of, contained in, or derived from or omission from this White Paper. Neither the Company nor its advisors have independently verified any of the information, including the forecasts, prospects, and projections contained in this White Paper. Each recipient is to rely solely on its knowledge, investigation, judgment, and assessment of the matters that are the subject of this report and any information made available in connection with any further inquiries and to satisfy itself as to the accuracy and completeness of such matters. While every effort is made to ensure that statements of fact made in this White Paper are accurate, all estimates, projections, forecasts, prospects, expressions of opinion, and other subjective judgments contained in this White Paper are based on assumptions considered to be reasonable as of the date of the document in which they are provided and must not be construed as a representation that the matters referred to therein will occur. Any plans, projections, or forecasts mentioned in this White Paper may not be achieved due to multiple risk factors, including, without limitation, defects in technology developments, legal or regulatory exposure, market volatility, sector volatility, corporate actions, or the unavailability of complete and accurate information. The Company may provide hyperlinks to websites of entities mentioned in this White Paper; however, the inclusion of a link does not imply that the Company endorses, recommends, or approves any material on the linked page or accessible from it. Such related websites are accessed entirely at the user’s own risk. The Company does not accept responsibility whatsoever for any such material or consequences of its use. This White Paper is not directed to or intended for distribution to or use by any person or entity that is a citizen or resident of or located in any state, country, or other jurisdiction where such distribution, publication, availability, or use would be contrary to law or regulation. This White Paper is only available on https://www.Koilop.com and may not be redistributed, reproduced, or passed on to any other person or published, in part or whole, for any purpose without the prior written consent of the Company. The manner of distributing this White Paper may be restricted by law or regulation in individual countries. Persons into whose possession this White Paper may come are required to inform them about and observe such restrictions. By accessing this White Paper, a recipient hereof agrees to be bound by the other limitations. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or regulations have been compiled.This White Paper is in English. In the event of any inconsistency, the English version always prevails in cases of conflict between translations, as they are made for information purposes only and to the best of our knowledge.
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• Restrictions on distribution and disseminationThe distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about and to observe, any restrictions which apply to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to Koilop. Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur. • No offer of securities KLP tokens cannot be used for any purposes other than as provided in this White Paper, including but not limited to, any investment, speculative or other financial purposes. KLP tokens confer no other.
14.2 Forward-Looking Statement Some of the statements in the White Paper include forward-looking statements which reflect the Company's and/or the Management current views with respect to product development, execution roadmap, financial performance, business strategy and future plans, both with respect to the Company and the sectors and industries in which the Company operates. Statements which include the words ''expects'', ''intends'', ''plans'', ''believes'', ''projects'', ''anticipates'', ''will'', ''targets'', ''aims'', ''may'', ''would'', ''could'', ''continue'' and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties.Accordingly, there are or will be important factors that could cause the actual results to differ materially from those indicated in these statements. These factors include but are not limited to those described in the part of the White Paper entitled ''Risk Factors'', which should be read in conjunction with the other cautionary statements that are included in the White Paper. Any forward-looking statements in the White Paper reflect the current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of the White Paper. Subject to industry acceptable disclosure and transparency rules and common practices, the Company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. All subsequent written and oral forward-looking statements attributable to the Company or individuals acting on behalf of the Company are expressly qualified in their entirety by this paragraph. Prospective buyers of the KLP token should specifically consider the factors identified in the White Paper, which could cause actual results to differ before making a purchase decision. No statement in the White Paper is intended as a profit forecast and no statement in the White Paper should be interpreted to mean that the earnings of the Company for the current or future years would be as may be implied in this White Paper. By purchasing the KLP token I hereby acknowledge that I have read and understood the notices and disclaimers set out above.
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Anti-money laundering Being an active international market player KOILOP pays attention to be in compliance with international Anti-Money Laundering and Combating the financing of terrorism (AML & CFT) standards. There will be a certain Policy covering AML & CFT requirements in KOILOP upgraded on a regular basis to ensure its best fit and compliance with the constantly changing environment of AML & CFT regulations and best market practices. Besides, KOILOP will set up a set of regular AML & CFT training for its employees and officers. We welcome any legitimate person interested in our project and supporting it by purchasing the KLP Tokens. We do not discriminate on the basis of race, color, gender, religion, sexual orientation or to any other class protected by law. We are building a sustainable, transparent and safe ecosystem. That's why it is important for us to know our clients and provide them with legally solid solutions. We will implement efficient and high-quality Know Your Client (KYC) procedures, ensure compliance with AML & CFT requirements and best market practices.
15. AML
THANKYOU
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