Breaking News
Black Friday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Cryptolancing: Will Novel Approach to Freelancing Boost Crypto Markets?

CryptocurrencyMay 04, 2021 06:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Cryptolancing: Will Novel Approach to Freelancing Boost Crypto Markets?


More than 59 million Americans worked freelance in 2020, and it is expected that by 2027 the majority of the U.S. workforce will be engaged in working as a freelancer. Freelance websites like Upwork (NASDAQ:UPWK), Freelancer and PeoplePerHour have helped commonize freelancing globally, liberating workers from their 9 to 5 office jobs, and making it possible for them to work from their home.

What is Cryptolancing?

Conventional websites for freelance jobs often charge high fees (up to 20%) from their clients and many of them also have high rates of currency exchange. Cryptolancing is rapidly gaining popularity and setting new standards for freelance marketplaces by overcoming these limitations. Cryptolancing websites pay freelancers in cryptos and charge zero fees.

What’s more, websites that are using cryptos do not have to wait hours or days to make deposits and withdrawals, but work with instant payments by integrating seamlessly with crypto wallets. Payments with cryptos like Bitcoin and Ethereum also eliminate the need for currency conversion taxes and fees.

What is Cryptolancing?

Gitcoin & Bounties Network are marketplaces where open-source developers can receive compensation in crypto for whatever work they choose thanks to Ethereum Smart Contracts. Due to native integration with Github, changes and updates can be easily tracked.

Open bounties are posted by issuers after bounty funds have been staked onto the smart contract and bounty hunters will start working to claim the bounty. Once the work is submitted and the funder accepts the claim, the staked funds are paid out.

“It’s really straightforward. You claim a bounty, you do the work, you get paid. There have been times where all this happens within an hour,” says Kenneth Ashley, a web developer who’s completed several bounties on Gitcoin.

Bounties Network is focused on a breadth-first approach, dealing with the design of the Standard Bounties contracts, and supporting other bounty platforms. While most of its bounties are still for code fixes, it also aims to attract work such as website design and translation.

Gitcoin on the other hand, is focused on the depth-first funding of bounties for open source software projects, in line with the mission to “grow open source.” This April, Gitcoin Holdings Inc. raised more than $10.42 million in its first round of funding to scale its marketplace for software developers building open-source projects.

AnyTask: The first freelance platform providing the world unbanked access to the digital economy

AnyTask is a zero-fee digital services platform that provides freelancers the ability to receive crypto in the form of ETN, which is the Electroneum Blockchain’s native currency. What is different about AnyTask is that, thanks to seamless integration with the Electroneum wallet, freelancers do not need a bank account because they can use the wallet for exchanging ETN with other cryptos, or buying airtime using the Electroneum wallet.

Users can also buy goods and services directly from over 1300 merchants across the globe who accept ETN. Electroneum uses an algorithm called Proof-of-Responsibility to make sure that miners’ block rewards are spent on social causes inline with Electroneum’s social agenda.

Ethlance : Work for Ether without fees

Ethlance allows users to create an employer profile, list and apply for open positions. Employers can rate and provide feedback to users as well as receive and send invoices. Users only have to pay the gas costs related to broadcasting updates such as messages and submissions. There are no additional fees.

Ethlance is the first district on the district0x network, a collective of decentralized marketplaces and communities. The full source code of Ethlance can be found on Github under the District0x repository and their backend logic is governed by 14 smart contracts deployed on the Ethereum MainNet.

Ethlance does not have a dispute resolution system or any tracking of payments, and contracts are informally agreed upon by the employer and freelancer. On Ethlance it is always good to check if the employer has sufficient balance for the tasks they put up.

Other Websites Paying Crypto for Microtasks and Publishing Posts

There are several websites offering cryptos for microtasks and other kinds of freelance work, the most relevant of which are,, &

A few sites also offer cryptos for publishing articles-, and are some notable examples.

On the Flipside

Despite efforts made by Cryptolancing, freelancing sites in general continue to be heavy on developers but light on employers because freelancers have to rely on the funders’ reputation to pay them, even when the payment is in crypto instead of fiat. The main benefit of working with crypto freelancing platforms, so far, seems to be low fees and less “noise” when searching for quality freelancers.

Furthermore, having zero agent fees can create its own set of problems. For example, ratings and reviews can be gamed, because nothing stops people from joining the site and reviewing “work” that was delivered to themselves if there is no ID verification.


There is a lot of room for development of the Cryptolancing industry, most importantly, the focus needs to be on creating good systems for identification and building reputation, both of clients as well as of cryptolancers. Conflict mediation teams must also be deployed to ensure smooth operation in the long-run and provide some security to freelancers for their work.

Many freelancers continue to depend on anonymous users on Reddit to find crypto-paying freelance jobs and this is an indication that there is a growing demand that has not yet been completely met. With the growth of cryptolancing websites the pace of crypto adoption will also increase as there will be many new active spenders entering the digital economy, the impact of which will be felt both in developed and developing economies.


Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Cryptolancing: Will Novel Approach to Freelancing Boost Crypto Markets?

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email