Elancer.IO is Soon Launching its Native Crypto Token – ELCR

October 12 03:54 2023
Using ELCR, users will be able to make transactions, pay network fees, and use it on various other actions on the platform.

Elancer is a new freelance marketplace in the blockchain industry that connects clients and freelancers into the crypto world. The platform allows clients to post projects and freelancers to bid on the projects. However, instead of allowing a payment method based on fiat currencies, it allows clients to pay in crypto coins.

To make the transactions and payments transparent, Elancer has integrated Escrow, which comforts both parties. On the other hand, they keep the minimum amount of commission, irrespective of other platforms that charge heavily. It cuts the 5% commission based on the cryptocurrency type and payment method.

Interestingly, Elancer accepts several crypto coin payments, including Bitcoin, Ethereum, Litecoin, Cardano, Solana, Polygon, and others. And since the platform allows the Ethereum and other coins that are established on the ERC20 protocol, it also integrates smart contracts for better transparency and authenticity. Moreover, it utilizes sophisticated AI-based technology to verify profiles.

To make it all happen, it also has a native utility token, namely ELCR. Users can use the token for multiple benefits, such as extremely low gas fees and much easier transactions. It is built on the Binance Smart Chain network, which gives the token versatility and high usability.

The total supply of 1 billion ELCR is available in circulation, where 10% is reserved for the developer team, marketing partners, and Elancer reserves each. On the other hand, the team will release 25% of the tokens on the launch day. The team will unlock the rest of the tokens on a monthly basis for half a year, depending on the token’s trading volume.

However, the users must need at least 5000 USDT in their banks to make a purchase, But they cannot go above 15000 USDT while purchasing ELCR. The team has also planned for the token burns to increase its value in the market.

Talking about future prospects, Elancer is also planning to launch NFTs on the platforms and will soon integrate smart contracts for improved flexibility and security. However, the online marketplace will officially launch in 2024.

In contrast, the token seed sale and private sale will start soon. So, if the users want to get the value of the presale ICO, it will launch soon. 

To get the ELCR before anyone gets their hands on it, enlist in the initial coin supply (ICO). 

For more details, visit the official website at https://elancer.io

For updates, follow Elancer.IO on Twitter, Telegram, and Discord.

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