1.57 billion people in the global workforce are freelancers worldwide. (Out of a total global workforce of 3.38 billion.) The total freelance platform market is estimated to be worth $3.39 billion. 65% of freelancers make more money than they would in regular employment. Instead of committing to one organization, freelancers typically make money by executing projects or assignments for several businesses.
Woofwork.io is a freelance marketplace that offers crypto payments to freelancers. Freelancers and clients get to work and hire in $WOOF, $SHIB, $ETH and 100+ other cryptocurrencies. As WoofWork continues to build the Web3 Freelance Marketplace to “DeFiverr the World,” they have accomplished numerous things. They’ve gained over 4000+ $WOOF holders. To protect both WoofWorkers and hiring managers, 2 complementary mechanisms are in development:
DEscrow — Decentralized Escrow of multi-currency payments
WoofWork BEACON —immutable contract hashing for Proof of WoofWork.
Woof Work is integrating Oracle of Oracles (OoO) to power its crypto payment solutions securely. It plans to utilize the Oracle of Oracles. It will secure price feeds for multiple cryptocurrencies and is essential to Woofwork.io’s core business. As a decentralized project offering end-to-end payments between freelancers and those employing talent, they are dedicated to safeguarding crypto payment rails to prevent hacks, such as flash loans between sending and receiving payments.
Indeed, while the early vision of Unification was providing Blockchain technology to Enterprise and Governmental organizations, increasingly, they are being requested to fulfill demand by decentralized projects such as those emerging from the Shiba Inu multiverse and those connecting through the API3 Alliance integration.
Woof Work partnered with Shiba Inu’s Layer 2 Shibarium builder, Unification. It utilizes Oracle of Oracles (OoO), which is currently being tested on Shibarium, to power its cryptocurrency payment solutions securely. Specifically, OoO ensures secure price feeds for its freelance marketplace with crypto payments. Woof Work will also transition to the upcoming Layer 2 network, Shibarium.
The function of WoofWork Beacon is that the raw text of each freelance contract is sha256 hashed. Hash becomes a leaf in the Merkle tree. Then, the tree’s root hash is submitted as the BEACON timestamp, with the latest timestamp always being the correct/current on-chain version of the root hash. The WoofWork UI will incorporate a function that hashes a contract’s raw text, grabs the root hash from the BEACON submission, and checks the validity of the contract’s hash via the Merkle tree to ensure the validity of data.
$WOOF is an ERC-20, liquidity-locked token that will transition to the Shibarium network (L2). $WOOF will facilitate rewards, including the Wooferral and Doghouse Staking programs.
Who are the founders of WoofWork.io (WOOF)?
WoofOSHI is the Chief Woof Officer; Yoko Doggo is the Design Woofficer; Linus Woofvalds is 4hr DevOSHI; S is the Community Wooficer; SpaceGodOSHI is the Chief Space Wooficer.
What is Woofwork.io (WOOF) used for?
$WOOF is the Platform Utility Token for the Woof Work freelance marketplace and ecosystem. $WOOF will facilitate rewards, including the Wooferral and Doghouse Staking programs.
WOOF holders can stake their tokens for some time to earn more tokens
Woofwork.io referrals allow participants to win rewards.
How is Woofwork.io (WOOF) unique?
As a global, borderless, decentralized platform, Woofwork.io seeks to make $WOOF available to WoofWorkers and hirers worldwide. Woof Work aims to be the first freelance marketplace to work and hire in $WOOF, $ETH, $SHIB, and 100+ other cryptocurrencies.
With Woofwork.io, freelancers can work anywhere, anytime, as an anonymous doggo if they wish, and avoid intermediaries fees (more in your Woofy-bank.) Woofwork.io offers 0% fees for WoofWorkers earning $WOOF and 0% fees for WoofBosses staking $WOOF. Participants can also buy WoofWork merch with $WOOF and earn Proof-of-Woof Staking rewards with $WOOF.
Additionally, Woof Work is underway regarding deploying a Unification Beacon to stamp all work agreements immutably to the blockchain. This timestamped record of contractual agreements is intended to mitigate and resolve stakeholder disputes.
Growing the WOOF brand and building the community is paramount to developing the Woof Work freelance marketplace platform. They intend to develop their business to enlist excellent Woof Workers for platform enrichment. They plan on integrating with Enterprise Blockchain to stamp all job postings to blockchain for dispute resolution immediately.
For example, the Beacon would record an immutable record once a contract is signed for a certain number of hours/milestones/cryptocurrency to be exchanged between a freelancer & hiring manager. If a disagreement arose about deliverables/compensation between the ‘Woof Worker’ and the hiring manager, the timestamped record would be called upon to settle and resolve the issue.
With the bells and whistles of OoO and VOR recently claiming the spotlight, Woofwork.io is pleased to see Beacon’s basic yet powerful functionality being recognized again. Overall, this integration continues Unification’s commitment to serving the rapidly evolving DeFi ecosystem.
How many Woofwork.io (WOOF) coins are in circulation?
The total Supply is 7,900,000,000 $WOOF.
How is the Woofwork.io network secured?
They partnered with Unification to enhance the security of the community’s funds. Given that Woof Work plans to transition to the upcoming Layer 2 network, Shibarium, this partnership is extremely well aligned. This sets up Woof Work ($WOOF) as one of the first projects to migrate to the Shibarium network.
How do I buy Woofwork.io (WOOF)?
The WOOF token can be used for a wide range of purposes, like staking and governance.
WOOF tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy WOOF through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Woofwork.io (WOOF)?
The PTPWallet platform supports many cryptocurrencies, with WOOF soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.