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HuitPro – Dash Freelance Marketplace

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Blue Horizon Advisory

In partnership with www.cryptalnews.com

 

INVESTMENT OPPORTUNITIES

July 2018

HuitPro – Dash Freelance Marketplace

               We vote No!

 

 

CONTENT

  1. SUMMARY
  2. OWNER PRESENTATION
  3. INVESTMENT OPPORTUNITY
  4. FUNDING SCHEME
  5. VOTE STATISTICS
  6. BENCHMARK
  7. RECOMMENDATION

1. SUMMARY

OWNER

ARA technology Incubator

SECTOR 

Freelance Marketplace

PROPOSAL 

HuitPro – Dash Freelance Marketplace
RECOMMENDATION: Negative

 

2. OWNER PRESENTATION

Name: Andres Larez, CEO

Ronald Arreaza, COO

Inception: 2017
    Logo:

 

Key figures:  N/A
Link: http://huitpro.com/ (Under construction)

 

 

3. INVESTMENT OPPORTUNITY SUMMARY                       

   3.1 GOALS

  • Launching a new freelancing Platform based on Dash as a payment method.

The funding request aims to cover July phase 1 expenses, the following table provides the budget in details:

4. FUNDING SCHEME                       

    4.1 REQUESTED FUNDS

Total: 76 Dash

 

    4.2 FUNDING SCHEME

Payment type: One-time payment
Start date: 18th July 2018
End date: 17th August 2018
Final voting: 29th July 2018

5. VOTE STATISTICS

 Completed NO
Votes 89 YES
74 NO
8 ABSTAIN

As of July 16th, 2018

6. BENCHMARK

Name Payment Methods Services & features

Fees

(per transaction)

Date Website
Cryptogrind Bitcoin Freelancing platform

Secured transaction

(Multi-signature Bitcoin escrow system)

Offers dispute handling process

4%

 2015  cryptogrind.com
 Blocklancer Etherium Freelancing platform

Community

Driven Dispute Resolution (Disputes between freelancers and clients are resolved by the community)

3%

(for the client)

No fees for freelancers

 2017  blocklancer.io
 Dashlancer Dash Freelancing platform (under construction)

Offers integration with Shapeshift (For converting cryptocurrencies to Dash)

1%

(for both client and freelancer)

 N/A  dashlancer.com
 XBTfreelancer Bitcoin Freelancing platform

Offers a dispute handling process (Through internal moderators)

0.0005 XBT/withdrawal

 2015  xbtfreelancer.com

7. RECOMMENDATION

Upsides Downsides
The freelancing market is constantly growing in terms of the number of users (Clients and freelancers), which is due to two main factors:

1. Freelancers services are much cheaper since it cuts down all the employers charges related to the classic forms of wages.

2. Flexibility in the terms between contractors compared to classic labor contracts.

 

  • A freelancing marketplace using Dash can have a great impact on enlarging the Dash community on a regional and international scale.

 

  • Online marketplaces where active users tend to operate daily such as freelancing marketplaces are the perfect business projects where Dash can be exchanged, earned and spent on a large scale, which facilitates the adoption of Dash as a circulating currency.
  • Huitpro’s fund request aims to cover mostly operational charges.

 

  • The platform and the functionalities are not ready yet, the proposal is still unclear regarding the technical side of the project.

 

  • The proposal doesn’t clarify whether the platform is 100% axed on Dash as a payment method, nor presents guarantees that Dash will be one of the main payment methods (at least for a certain period of time); The business plan may eventually lose interest in Dash in the future to the profit of other/classic payment methods.

 

  • The market has already seen the introduction of some crypto freelancing platforms, already up and running and which already attract a considerable part of the target (employers and freelancers)

 

  • One of the main threats is the presence of big competitors in the sector (such as Upwork or freelancer). None of these platforms have until now integrated cryptocurrencies among their payments, but this eventuality will leave no place to weak platforms, with no solid business plan to coexist if it comes to happen.

 

 

 

 

The concept of the project is very interesting and can be a great leverage for Dash community to grow, and for Dash as a currency to get more holders/users that will earn/spend their Dash to pay and get paid for different services.

 

In parallel, the freelance market is animated by big players (such as upwork.com, freelancer.com, fiverr.com), who nearly dominate the market and attract the freelancers and freelancing clients’ community. Getting an entry ticket in this rude market needs a solid business plan as well as a clear penetration strategy.

 

In our opinion, Huitpro proposal lacks a flawless vision with a detailed model at least when there is no minimum viable product yet.

 

For these reasons, we think that Huipro proposal has not acquired the necessary strength and clarity to have our positive recommendation.

 

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Disclaimer:

All rights attached to this document are exclusively reserved to Blue Horizon Advisory This document can in no case be copied, photocopied, or partially or completely duplicated without prior written permission from Blue Horizon Advisory. This document can only be distributed by Blue Horizon Advisory. This document is intended solely for the use of the addressees. It should not be transmitted to any person other than the original addressees without the prior written consent of Blue Horizon Advisory. If you receive this document in error, please delete or destroy it and notify the sender immediately.

This document is communicated for information purposes only and It should not be construed as an offer or solicitation with respect to the investment or disinvestment. This document is based on carefully selected public information. However, no representation, warranty or undertaking, express or implied, is made to the recipients of this document as to or in relation to the accuracy or completeness or otherwise of this document or as to the reasonableness of any assumption contained in this document. In addition, any view, opinion or other information provided herein is indicative.

 

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