Blue Whale BWX Information about Blue Whale ICO Token Sale

More specifically, each node on the network will keep track of all the transactions as well as an updated record of the amount of funds that are in the Rewards Bank (ReBa). Making use of advanced cryptography, the network is kept safe from external bad actors. It works by collecting specific user data in order to best develop a decentralized advertising network. You can think of it much like a decentralised version of Google or Facebook’s ad network. On the Blue Whale platform, there are a number of contributor activities that can generate returns for those that are involved with it.

The transactions through the Blue Whale network can be generated in two ways. The other is when they are rewarded for validating work of the other freelancers. The latter will be managed autonomously through use of smart contract technology. The funds on the Reward bank will then be used to disperse payments to the freelancers in the form of Pensions and sick leave for the freelancers on the platform. On top of this, the reward bank will always retain 60% of the referral rewards mentioned above.

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However, the global market for self-employed and freelancers has grown steadily in recent years and is expected his growing in the future. According to research, the self-employed will account for 58% of the US workforce in 2027. Something that really surprised us was the calibre of the team members at Blue Whale and the advisors that they have on board. The senior team members have extensive experience in both academic and professional settings.

The CTO, Hyunjin Choi, worked for Samsung Electronics, NASA and graduated from Cambridge University. The COO Hawon Chung and the Product Manager Jay Choi both work for Oracle.Changsup Keum, the CIO is also the founder of bigpicturelabs, a company that designs the architecture of blockchain services. The project should benefit from his knowledge that is a real advantage. Jay Park, Co-Founder, is the former VP of at Samsung Electronics (during 8 years). In order to ensure trust on the Blue Whale network and to through the provision of transparency on every activity occurring within the system, the Blockchain technology and smart contracts are used.

Contribution Activity Manager (CAM)

Moreover, these freelancers lack many of the benefits that are afforded more traditional workers such as unemployment insurance, health insurance and sick leave. Taking on the gig and freelancer economy, Blue Whale aims to provide a decentralized blockchain alternative with better fees, and benefits – something no other platform offers right now. Tokens are cleverly used to incentivize the system, and we can see this working quite well if it takes off. Besides being more efficient, Blue Whale also aims to provide for a benefit fund. A portion of transaction fees will be set aside into a reward fund which will provide paid time off, sick leave, and even retirement benefits.

On the downside, the use of blockchain in these types of projects is usually more forced than with a pure decentralized app, and usually more centralized than ideal. We did find that the blockchainization of this platform made sense though. Decentralized M&AWe provide a white-labled version of our blockchain platform including the 3 features above to traditional businesses allowing them to transit into owners a scaleable tech platform. By combining on these traditional business owners’s existing business network with our tech capabilities.

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You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. Blue Whale Foundation has been established to build a decentralized ecosystem to allow self-employed and freelancers to reap rewards and employment benefits from their contribution.

These will distributed in proportion to how much a freelancer has contributed to the ecosystem. A series of modularized smart contracts that provides rewards and employment benefits based on contribution activities. Blue Whale is set to massively disrupt the “Gig” or “sharing” economy with a completely decentralised ecosystem. This blockchain as a service project is trying to give the World’s freelancers the same rights and benefits that have previously not being available to them. Whether it’s a sick leave or unemployment pay, existing platforms don’t even have them under consideration. As more businesses or “provinces” join the network, it will allow the network to scale exponentially and hence benefit all provinces.

This Decentralized Autonomous Organization (DAO) will allow for the participants on the network to adjust policies that were originally laid out above. For those that wanted to read more into how the contributions are calculated and who earns them, you can read the Blue Whale whitepaper.

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VSI (Venture Seed Investment) is the investments and research division of the blog. We work through researching and filtering hot investment opportunities that our international business and cross-border executive readers would like to consider and research themselves. After reviewing 31 announcements, we’re choosing Blue Whale as our ICO of the Day. Blue Whale is a better Gig Economy Platform and it’s being built on the ICON blockchain. In addition to the Blue Whale team members, employees from Verlocal will also be working on this project to some extent. This ensures that the Blue Whale main network, and its sub networks, continue to remain mutually-invested in each other.

• Blue Whale is a better Gig Economy Platform and it’s being built on the ICON blockchain.
• Blue Whale is also raising funds on a completely new blockchain which makes it unique amongst all of the other Ethereum powered ICOs that are raising.
• CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions.
• Taking on some of the biggest names in the industry such as Uber, Fiverr and AirBnB, Blue Whale wants to knock down the centralised barriers that have built.
• These individual ecosystems within Blue Whale Network are labelled “Provinces”.
• This will be done by installing a range of tools and SaaS applications on other networks and social media accounts.

The CEO went to Stanford and has started a successful business which Bluewhale is being based off of. The rest of the team have either worked at blue-chip tech companies and/or studied at Ivy league schools. Provides Software as a Service (SaaS) tools to all nodes and partners that deploy cost-effective marketing. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts.

ICON is connecting all blockchains and communities with the latest interoperability tech. CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions. If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. ICO Drops receives a fee for advertising certain token sales, in which case such listing will be designated accordingly. If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact with detailed information about your concerns. Will Lee, the CEO, has a Stanford degree in Artificial Intelligence and is also the CEO of Verlocal.

Establishes ad network when providers install the booking ad widget. Provide windows for other freelancers to advertise products and promotions. Use visitor’s data to aggregate and create list of potential future purchases. Blue Whale aims to create a better freelancer and gig economy platform. This offer is based on information provided solely by the offeror and other publicly available information.

This ReBA fund reserves will always be adjusted based on the needs of the community. Also, The Blue Whale token sale is the first initial coin offering (ICO) on the ICON Blockchain. Meaning the project receiving an advanced and strong level of direct support and cooperation with the chain’s development of ICON team.

A decentralized ledger disperses the large % of net profits that goes back to the community as rewards and benefits based on contributions. These individual ecosystems within Blue Whale Network are labelled “Provinces”. Blue Whale is sntr price also raising funds on a completely new blockchain which makes it unique amongst all of the other Ethereum powered ICOs that are raising. The ICON blockchain is viewed by many as the one of the many threats to Ethereum dominance.

However, the good premise and stellar team makes this a strong contender and our ICO of the Day. There is some decent amounts of hype around the project currently and it will probably get a boost since it is the first ICON ICO. However the premise is not explained very clearly on either the whitepaper or the website, which is worrying as it means most people will have trouble understanding what the project is about. CryptoGround.com is an independent publishing house that provides Cryptocurrency & Blockchain Technology News.