BTS Labs held an AMA with Freela on Sept 3rd. The theme of this AMA is “A Token with Real Utility and value-Freela”. The guest we had was Mahadev Vasireddy, the founder and CEO of Freela. He introduced a one-stop solution for any projects and teams, a highly secure and efficient platform with huge backers, and a DeFi-powered, commission-free, P2P self-governing DAO Freela project.
Q1:
BTS Labs: Could you please briefly introduce yourself and Freela to our community in 3–5 sentences?
Mahadev Vasireddy (FOUNDER & CEO of Freela): Freela is a first of its kind Defi powered and self-governing DAO designed to act as a decentralised broad platform for freelancing transactions. It provides a platform for both B2B (Business to Business) and P2P (Peer to Peer) commission free transactions with its intuitive user interface matching skilled freelancers for the job postings worldwide. It brings in a unique innovative model with professional mediation and thus ensuring a win win transaction between the employer and employee, ensuring best quality work for the employer and best remuneration for the employee.
Coming to myself, I pursued Computer Science from Penn State University and comes with an entrepreneurial background and training. I am the Vice-Chairman of elite educational institutions, Vasireddy Venkatadri Institute of Technology (VVIT) and VIVA The School. In the last couple of years, he also executed responsibilities as Global Ambassador of both VVIT and VIVA, playing a crucial role in establishing partnerships with Government and various MNCs including Google, Siemens, and Coursera.
Q2:
BTS Labs: There are many blockchain projects, why should we choose Freela? What makes Freela better than the competitors?
Mahadev Vasireddy (FOUNDER & CEO of Freela): Except being literally Commission-Free, we also have developed some incredible tools and features like :
- Professional Mediation (anyone with experience in a particular field can be an Arbitrator and can be remunerated based on disputes)
- Self Governance DAO
- A Complex Reputation System
- Traditional and Crypto Payment options
TBH it seems difficult to provide a better platform than Freela… It is not restricted to Freelance platforms, there is a lot of actual real-life used applications and platforms in different fields but really, who wants to provide a feeless service these days anyway?
We do.
Q3:
BTS Labs: Could you please introduce the Freela token($FREL) for us? And how can we get it?
Mahadev Vasireddy (FOUNDER & CEO of Freela): Basically #FREL is:
- A payment method for any and all services offered on the platform
- A governance token, granting $FREL holders the right to propose and vote on rules, regulations, and future developments
- An asset to be staked in liquidity pools on the platform
You can earn it by Freelancing on the platform when its ready or meanwhile buy it on Uniswap, Pancake Swap and Ascendex(Bitmax) exchanges.
Q4:
BTS Labs: How can you ensure the safety for the Freela user?
Mahadev Vasireddy (FOUNDER & CEO of Freela):
Freela uses smart contracts between both the parties, employer and employee, where it requires 2 out of 3 signatures for the smart contract to execute. Smart contracts help reduce the middleman cost. The Company/DAO in any given circumstances cannot access the funds in smart contracts. Even if both of the above said parties go for arbitration, the DAO cannot access the fund.
Freela, by providing an interoperable and tamper-proof infrastructure ensures every stakeholder with secured storage of their digital identities on chain.
Every Employee, Employer and Arbitrator will have an unique digital signature which
is linked to their digital ID’s that cannot be forged.
Freela wallets use both keys — public and private key encryptions to secure data and all transactions which are quick, secured, private and efficient.
Freela is providing security and privacy by using blockchain.
Q5:
BTS Labs: What is the roadmap or future plan for Freela?
Mahadev Vasireddy (FOUNDER & CEO of Freela): In simple words, Freela is going to be a one stop solution to employers and employees when they are looking to freelance. Coming to the road map, stay tuned! We are releasing an updated roadmap in couple of weeks along with other important updates.
Free Questions
Q1:
BTS Labs Community： Metaverse may be called the new generation of Internet or the next generation of Internet. The concept of Metaverse and GameFi has emerged. The market is fiercely competitive and the survival of the fittest. Can Freela bring us surprises? What are the differences with other?
Mahadev Vasireddy (FOUNDER & CEO of Freela)：As I mentioned above, The best part about freela is its a whole new segment by itself instead of chasing the hype projects. So our competition is with multi billion dollar companies like Upwork and Fiverr.
Q2:
BTS Labs Community： What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
Mahadev Vasireddy (FOUNDER & CEO of Freela)：Most ambitious goal of ours is to see if we can reduce the pay gap between developed countries and developing countries.
Q3:
BTS Labs Community： Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?
Mahadev Vasireddy (FOUNDER & CEO of Freela)：Please check this.
Q4:
BTS Labs Community：Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some reasons why they should buy and hold your token in the long term?
Mahadev Vasireddy (FOUNDER & CEO of Freela)：Tbh investors always will and should care about profits. But the quality investors usually invest in projects that has real value instead of scams. Freela is one of those quality projects in my and many popular investors opinion.
Q5:
BTS Labs Community： Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits?
Mahadev Vasireddy (FOUNDER & CEO of Freela)：We are delighted to share that the DEX listings went smoothly and you are now able to purchase your tokens on the following places. Uniswap, Pancakeswap, Ascendex, We couldn’t be more excited to be on this journey with all of you!
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