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Ratings GigTricks (PreICO)

An Integrated 360° Freelance & On-Demand Ecosystem

The freelance and on-demand economy are lacking the principle standards to form a trusting business relationship between clients and freelancers. To solve this problem, GigTricks has built a blockchain-based ecosystem to increase transparency, trust, and reliability among the platform participants. Every action including review and skill ratings will be verified within the immutable blockchain. As such, nothing can be forged within the ecosystem. The GigTricks objective is to create the world’s first 360° freelance and on-demand ecosystem which will be trusted by a community of millions. Ultimately, we’ve built the GigTricks platform to help fight global recession by creating unlimited opportunities for talented individuals so that they can simply find the gigs, work from home, generate income and spend on their consumer needs resulting a true economic growth.

4.4
23 expert ratings
5.0
4.6
4.2
4.0
View rating distribution
10 days 17 hours left
2018-07-01 - 2018-07-30
Starts in 43 days 1 hour
2018-09-01 - 2018-09-30
Token
GBTC
PreICO Price
1 GBTC = 0.124 USD
Price
1 GBTC = 0.248 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
ETH, BTC, Fiat
Minimum investment
100 USD
Soft cap
2,500,000 USD
Hard cap
35,000,000 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China, South Africa
More on ICO
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Ratings

Douglas Lyons
Success Coach to Blockchain Startup Project Teams.
Rated on Jul 3, 2018
4
1
1
6%

i do not see this as a blockchain solution to anything. The idea that they need 35mil usd is absolutely ridiculous. This product is nothing more than a job board.
I do not see any viable return on investment.
i do not see this as a good investment.

Agree
-22
-22Disagree
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Amir ShaikhICO team member replied on 3 Jul 2018
Hi Douglas,

Thanks for your feedback. I think you have not reviewed our whitepaper and technical paper in detail. GigTricks believes that freelance and on-demand ecosystem is lacking the integration within the ecosystem and that's the exact problem we are trying to solve by bringing the LEVERAGE element among all platforms such as:

- GigTricks PRO (A Blockchain based verified resume portal where you can showcase your skills)

- GigTricks Learning (A learning platform where you can learn and earn blockchain based verified skill)

- GigTricks Social (A social platform for a purpose - freelancers can earn coins by contributing and interacting with other community members)

- GigTricks Marketplace (Ultimately a blockchain based marketplace where now buyers not only can see overall profile ratings but also they can filter the skill ratings and can find the best talent for their business)

- GigTricks Point of Sale (POS) - (a point of sale machine which allows every freelancer or professional to start a business locally by using - - GigTricks PoS device and all local orders will boost their online profile as well. We aim to open physical offices in 20+ locations across the globe.

It may look too much! but I would definitely recommend to see our video explainer on https://www.gigtricks.io/

In the end I must say its not just a job board and its more than that... I will be happy to discuss it more to provide you further information about GigTricks. You can contact via telegram @AmirShaikh_CEO_GigTricks
Nikolay Shkilev
Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on Jul 15, 2018
4
4
4
6%

Big and powerful team. Quite good idea and its implementation. KYC Verification and a ready prototype is undergone. In total at the very good level, but something is missing everywhere. But in general it is quite good. Good luck, guys!

Agree
0
Disagree
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Farooq A Rahim
Entrepreneur . Investor . ICO Advisor . BlockChain Strategist
Rated on May 20, 2018
5
5
4
5%

Interesting Concept and Vision. Strong team, Advisors and KYC Pass.

The market is crowded and will face substantial competition from the traditional players.

Good luck team

+7Agree
+7
Disagree
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Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Apr 14, 2018
5
5
5
5%

Update rating:
Team passed Kyc
Great Advisory board .. suggest team to conduct KYC and passed on it .... team is also good .. vision is great...

+4Agree
+4
Disagree
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Amir ShaikhICO team member replied on 19 Apr 2018
Thanks, Mofassair. I really appreciate your feedback.
Richard Kastelein
ICO Advisor, 50+ ICOs since 2016, Editor-at-Large Blockchain News, partner Blockchain Partners, founder Cryptoassets Design Group
Rated on May 1, 2018
4
4
4
5%

Solid idea - the gig economy is ripe for a marketplace built on Blockhchain and fueled by crypto. Good whitepaper. Team good. Nice to see a good product coming out of UAE.

+4Agree
+4
Disagree
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Amir ShaikhICO team member replied on 1 May 2018
Thanks Richard for your review. Appreciate that!
P.B. Stanton Esq.
ICO Advisor | Securities & Banking law | Former US Marine JAG Officer
Rated on Apr 10, 2018
5
5
5
3%
This rating's weight is reduced by 50% as there is no review added.
Amir ShaikhICO team member replied on 1 Jun 2018
Thanks, Stanton for your feedback. Appreciate that!
David Drake
Managing Partner
Rated on Apr 18, 2018
5
5
5
5%

Good vision, strong team. Can be very significant if it works. Good luck.

+3Agree
+3
Disagree
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Amir ShaikhICO team member replied on 19 Apr 2018
Thanks, David. I really appreciate your feedback. Cheers
Ian Scarffe
Blockchain ICO Consultant / Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on May 28, 2018
5
5
4
5%

A very decent product with a strong vision in place. I like the look of the white paper, and the team and advisors they have running the project are also very strong

+25Agree
+24
-1Disagree
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Amir ShaikhICO team member replied on 1 Jun 2018
Thanks, Ian for your feedback. Appreciate that!
Karnika Yashwant
ICO Marketing Expert | Launch Strategist | Global Branding & Fundraising Master
Rated on Jun 14, 2018
5
4
4
5%

I love going over the whitepaper and the site. This is a massive market, a lot of strong players, upcoming blockchain competition, but there is a space for more. Looking forward to technology details on the product development.

+3Agree
+3
Disagree
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Purushotham Maralappa
ICO Adviser |Blockchain Community Manager | Business Analyst
Rated on May 2, 2018
5
5
4
5%

Treat team and good vision.

+3Agree
+3
Disagree
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Amir ShaikhICO team member replied on 1 Jun 2018
Thanks Purushotham for your feedback
Graham Doggart
Blockchain Advisor and ICO Growth Consultant. Founder at Dynamic Abundance Advisory
Rated on May 11, 2018
Modified on Jul 11, 2018
4
5
4
5%

Bright idea, lots of competitors in the space.

Update: I dropped rating temporarily as a data on bounty hunter registrations was not properly secure.

The CEO got in touch and they were extremely responsive in sorting out the problem and have publicly informed their bounty hunter team of the issue.

A good sign that they will continue to be responsive and effective in fixing up issues as they come about.

+6Agree
+6
Disagree
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Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Jun 5, 2018
4
4
4
4%

The role of GigTricks is to establish lines of communication between the freelance community and those that make use of their services. Often, there is a need for an intermediary to ensure that gigs are paid for at the end of the work and the platform is just the first steps to the goal. It must be noted that there is a strong use of blockchain technology to ensure safe and fast communications at best.

+3Agree
+3
Disagree
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Paul Scott
ICO Advisory | Decentralization
Rated on May 31, 2018
5
4
5
4%

Stylized working hours that are lifestyle-driven and flexibility of work acceptance and movement are key fundamentals of the emerging economy, and have particular resonance with millennials. Projects that cater to this growing market will by their nature find acceptance from this demographic and this one is no exception.

The team and product are top-notch - the product especially has been very comprehensively thought out with many different use-cases and scenarios presented in the white paper. There are quite a few players in the market that are targeting flexible work and it will be interesting to see how the market unfolds.

+3Agree
+3
Disagree
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Amir ShaikhICO team member replied on 1 Jun 2018
Thanks, Paul for your feedback. Apart from our whitepaper & technical paper, we are optimizing our model round the clock to achieve true excellence and this won't be possible without community support.

We hope the community like our project and GigTricks will set out the best use case for integrated platforms powered by the blockchain.
Tran Van Tinh
Internet Marketer | Crypto Enthusiast | Investor | Trader | ICO Advisor
Rated on Jun 11, 2018
5
4
5
4%

Strong team with solid idea. Although the idea is not unique as there are several projects out there. Hope this one can make it differentiate from others.

Good luck!

+3Agree
+3
Disagree
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Amir ShaikhICO team member replied on 11 Jun 2018
Thanks Tran for your feedback. I am sure we will create difference in this industry
Mihai Alexandru Bisnel
Experienced ICO analyst, editor at TokenCouncil.com, Token Sale Platform supplier, Advisor, Blockchain Enthusiast
Rated on Jun 20, 2018
5
2
2
3%

I see a good team and a product that does not need decentralization and has no real blockchain applicability.
I am very curious on how GigTricks' algorythm differs to the ones used by the centralised freelance platforms, such as Fiverr or UpWork. Will it not take the same KPI's into consideration, such as number of projects fulfilled combined with customer ratings and level of proficiency?

The project itself aims to be a new freelancing platform, only tokenized. No blockchain or decentralization needed here.

Agree
-1
-1Disagree
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Amir ShaikhICO team member replied on 20 Jun 2018
Hi Mihai, thanks for your response. I think you have not reviewed the whitepaper and technical paper in full.

To summarize just in one line, we are leveraging the skill verification in all platform which will be verified under hyperledger fabric and can be verified by any peer within the network. The dispute management system allows us to become truly decentralize and by using GigTricks Social apart from other participants now the viewer will be rewarded with GBTC tokens just by participating within the social activity.

Its the element of leverage which we are integrating across all platforms and now the entrepreneur has an ability to sort the freelancers not only from their overall profile rating but also from their individual skill ratings which can be verified under the blockchain.

Couple of questions for you to answer us please:

1) Does fiverr upwork offer free tokens to their viewers for participating within the network?
2) Do buyers on these platforms able to sort and search the freelancers based on the skill ratings instead of overall profile ratings?
3) Is dispute management fair on these platforms?
4) How can these platforms reduce their high fees?
5) How can freelancers sell offline in the real world but get all orders connected and be leveraged online?

These are just some out of many challenges we are solving within GigTricks ecosystem. I would kindly recommend you to spend some time and please read our technical paper and I will personally happy to answer any technical/business questions you may have.
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Apr 14, 2018
5
5
5
3%

Interesting and promising project!

+5Agree
+5
Disagree
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Amir ShaikhICO team member replied on 19 Apr 2018
Thanks, Amarpreet. I really appreciate your feedback.
Giannis Stathopoulos
Business Development and Operations
Rated on Jun 25, 2018
5
5
4
3%

The project looks interesting, the team experienced and the advisory board is great too.

Execution is the big challenge.

Best of luck to the team!

+3Agree
+3
Disagree
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John Papadopoulos
Crypto-currency enthusiast, Miner, ICO analyst, Angel investor, ICO investor
Rated on Jul 9, 2018
Modified on Jul 9, 2018
3
3
4
3%

The good thing is that there is already a live platform for the project. But.......

Can someone from the team explain to me once again why this project has to be decentralized? I mean i get it that it will insure that transactions between freelancers and customers to be faster and inexpensive and that blockchain will provide a secure framework for the platform but is the blockchain implementation really gonna improve the platform? How many people are willing or have the ability to use the features described in the whitepaper? Will these blockchain based features make GigTricks differentiate from the other Job boards?

I think not.

Agree
0
Disagree
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Prof. Dr. Ralf Wandmacher
Professor of Finance and Entrepreneurship
Rated on Jun 23, 2018
Modified on Jun 17, 2018
5
4
4
3%

Team:

Pros:
- deep experience in tech
- positive vesting schedule for the team and advisors

Vision:
Pros:
- great vision, overwhelming number of projects
- solves trust issues in the freelancer market
Cons:
- the integration and development of services as chat services
- not convinced about way from centralized blockchain by GigTricks to get external nodes

Product:
Pros:
- a lot of thought on the essence and needs of the freelance market
- very good incentivized voting system for reviews
Cons:
- KYC/AML is not answered
- the burning of the token supports the view that the token is an investment vehicle, hence the token would be a security token. Do miss a note or discussion about that.
- not clear what the costs of GigTricks are for freelancers although the costs of other platforms are discussed in depth

23rd June 2018:
Thanks a lot for your very helpful comments Amir Shaikh.
Hence, I upgraded the overall rating by one notch, as the KYC/AML issue is solved and the overall product makes an even better impression.

+3Agree
+3
Disagree
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Zaid Mahomedy
CTO @ Blockchain Advisory, Founder @ Immersive Authority
Rated on Jun 30, 2018
Modified on Jun 30, 2018
5
4
3
3%

Update 30 June:

After clarification with Amir on a long phone call I am updating my review. Amir has definitely got the marketing strategy penned down, with extensive experience managing huge resources (teams and funding) successfully.

I am better satisfied with their vision, product and commercialisation plans from what I heard, but it will be nice to see this on paper (which Amir said would be updated).

Still have some reservations on the technology stack that they have chosen, but this is no dealbreaker.
The option to migrate to another platform in the future does exist.

One thing that was highly comforting is the teams strategy in terms of who they are talking to (other partners to support easier fiat conversion, the right legal authorities, etc), why they have confidently made specific decisions, etc. They're putting their heads on the chopping block and willing to do things right.

A few things need to still be figured out, but that's expected when utilising new technologies like blockchain. They're on the right trajectory.

Gigtricks.com is already an existing platform for buyers and sellers to do business. No vapourware here.

Original review:
I've reviewed the whitepaper and looked at the team.

Vision is too broad. Trying to do too much, with limited info on how the business will be built.

On the whitepaper:

Section 14.1 Limitations of current ecosystem
- these are not problems. Just differentiators. Transparency is not a centralisation issue. Rather, it's what info a seller is willing to offer on his public profle. Seller may choose to not publish their real name, if they are also working for another company and not allowed to take on additional jobs.

Lack of openness is not a problem. It's part of the business model. What alternative method is better for these businesses?

Section 15. I do not see any additional benefits offered by GigTricks except for the claimed low transaction cost which still needs to be tested when sellers convert tokens to fiat.

19.2 On GigTricks social, sometimes it's better to separate work from pleasure.

20.1 Authenticated reviews system - all platforms offer buyers and sellers to rate each other.

24.2 Voting pool - clever

Choice of HyperLedger fabric - why a private blockchain? Speed? Permissioned? Token issue via ChainCode?

Team: Too technical focused. Require business development and more hard marketing skills.

Advisors: Some questionable members who have been involved in dodgy ICO's.

In General:

Building a new technology platform is easy. You don't need blockchain to solve the problems in the current ecosystem, primarily being high commission fees.
I think the team knows this. Why go with Hyperledger Fabirc?

Only 5% of funds collected are going towards both bounty and marketing. A lot of business development and marketing is required to attract freelancers and buyers to the platform. Majority of the effort should be spent there, rather than building a complex technology stack with a weak business case

Exactly how they offer low transaction costs (for the end user), and maintain their infrastructure plus have funds to grow the business is not shown. Does the team have a business plan with financial assumptions and projections?

+2Agree
+2
Disagree
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Amir ShaikhICO team member replied on 30 Jun 2018
Hi Zaid, I am glad that you have spent hours learning about our project and truly appreciate that you like our vision and overall project. Many thanks
Muhammad Azam
Blogger, Technology Evangelist, Management Accountant, , Strategic Adviser and a Capital Market Professional
Rated on Jun 25, 2018
5
5
5
1%

Experience Team, vision is clear and product seems to be delivered as defined in WP. However, despite of the fact that Blockchain eliminate the middle men, this sector must be properly target to a specific audience to increase the usage of platform. Most of the case, people based on freelance are unemployed and to pay their expenses they will always prefer FIAT over crypto, Therefore, team has to work really hard to make its ecosystem strong.

+3Agree
+3
Disagree
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Amir ShaikhICO team member replied on 26 Jun 2018
Hi Muhammad,

Thanks for your feedback and trust in GigTricks. Please note we are actively working with multiple partners and will provide a wide range of options which will allow users to convert GBTC tokens into fiat easily. Surely nothing is easy but we have a solid plan and strong partners within the industry and we are very certain that this will be a true gamer changer for freelance and on-demand industry
Himanshu Chander
CEO of AMBCrypto |ICO advisor | Serial Entrepreneur | Inventor | Marketing Service |
Rated on May 4, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Brian Byrne
Co founder and Head of Artist Relations for Musiconomi, co founder and artist ambassador for Musicoin, Head of Strategic Partnerships for Blockcrushr
Rated on Jun 8, 2018
Modified on Jun 8, 2018
5
4
5
1%

I really can get behind this! ....as an artist for most of my career I dreamed of this happening. Great team, very clear vision. Amazing. Rewards for high ratings/referrals, that would be the stuff right there.
Well done. Look forward to seeing more!

+3Agree
+3
Disagree
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Amir ShaikhICO team member replied on 11 Jun 2018
Thanks, Brian for your trust!
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5.0
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