Rated on Jul 31, 2018
Another cool commercial product that resonates and allows for mass adoption of blockchain tech/cryptocurrencies. Its is a tough market though. May have only one or 2 players eventually.
Rated on Aug 14, 2018
"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."
How is this different from Upwork or Fiverr?
Rated on Sep 15, 2018
Modified on Sep 15, 2018
Big team and its a plus sign. Interesting project because it helps people from around the world. Technically it might help bank the unbanked which is an idea I like personally.
Rated on May 28, 2018
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
Rated on Jun 11, 2018
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.
Rated on Jul 26, 2018
A market with a high necessity of new entry.
The purpose and mechanism of the project is not fresh. However, teams and white papers have the convincing power to realize these.
GIGTRICKS Learning and GIGTRICKS POINT OF SALE may be different from similar projects.
This project has the necessity of decentralization and treats both clients and workers equally.
I hope that this effort will be successful.
Rated on Apr 14, 2018
Modified on Sep 19, 2018
Team passed Kyc
Great Advisory board .. suggest team to conduct KYC and passed on it .... team is also good .. vision is great... they have a complete product which is good …..
Rated on Sep 13, 2018
Great business and technical team
Great whitepaper with sufficient information about the concept, business, and technical
Few similar projects offers a freelancing platform - would love to see working product.
Freelancing is the great market if developers and clients both start using the platform. Upwork and other popular freelancing platform becoming very expensive for freelancers and clients.
Good Social presence.
Good luck team!
Rated on Sep 18, 2018
Good whitepaper. Team good. I love going over the whitepaper and the website. This is a massive market, a lot of strong players but right marketing and you can become one of the pioneer. MVP is good. Good Luck Team!!
Rated on May 1, 2018
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.
Rated on Jul 15, 2018
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!
Rated on Nov 2, 2018
I have analyzed the provided documentation on this project and it looks good. Not first of its kind, but their mindset will make the difference.
Rated on Jul 26, 2018
It's Interesting project and KYC Done. Experience team member and advisor board and innovative product and a great vision. This kind of project the whole world need right now.
Have MVP and online.
Best of luck team.
Rated on Oct 13, 2018
Capable team, Some research data appears to be dated. I like the fact that they have an MVP.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Rated on Apr 18, 2018
Good vision, strong team. Can be very significant if it works. Good luck.
Rated on Jun 5, 2018
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.
Rated on Apr 10, 2018
Rated on Sep 1, 2018
White paper - The white paper is professionally presented outlying the problem and need for a blockchain based KYC, rating, escrow technology, etc required in the freelance industry. The ICO has raised its soft cap. The business model for investors is to the point and scalable over time.
Team - The team composition doesn’t reflect blockchain capabilities but the team is experienced in their respective industry. This makes it strong and possibly able to deliver on their promises of integrating blockchain based capabilities in the product platform.
Tokenomics - The tokenomics is easy to understand including the reasonable use of funds.
Business Model - The business model is quite direct and they already have clearcut use cases. The more people join this platform the better it is for the token economy, which is self sustainable to begin with.
MVP/ DApp/ Working Product - The company has a working platform already, which is a plus. The blockchain integration and scalability is a cause of concern for smooth transition. Investors investing early could potentially reap multiple returns!
Rated on May 2, 2018
Treat team and good vision.
Rated on Aug 2, 2018
I have seen a couple of ICOs in the same space.
The key differentiation is to achieve market validation of business model and platform
i think GigTricks has that edge.
Adding blockchain may be something good to have and the team needs to prove incorporating blockchain in the model will significantly lift its performance
The tokenomics looks solid with good support from community.
The team also has very strong expertise in relevant areas.
Rated on Aug 4, 2018
Though the market already has similar concepts, I believe the team is strong and up to the challenge.
The project is a tokenized freelancing platform which may work without the help of blockchain technology. I guess we will have to wait and see how this one turns out.
Good Luck to the GigTricks team.
Rated on May 11, 2018
Modified on Jul 11, 2018
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.
Rated on Aug 10, 2018
Very strong team and advisory board, no questions there. But I kind of fail to see the unique difference of the product from plenty of competition out there. Also, I am not sure why would you need $35 million USD for something like this project.
Rated on May 31, 2018
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.
We hope the community like our project and GigTricks will set out the best use case for integrated platforms powered by the blockchain.
Rated on Aug 7, 2018
Team and advisors are good and experienced. Positive +
Good to have products ready. Positive +
There are many very similar products (even blockchain based). Negative -
14k telegram and 3.5k twitter followers. Neutral +/-
35 mil USD hard cap is too much. Negative -
Only 25% is allocated to investors. Very negative (for ROI) -
Rated on Jul 9, 2018
Modified on Jul 9, 2018
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.
Rated on Aug 10, 2018
Modified on Aug 10, 2018
Great team, advisory board, and vision.
Any project that aims to dethrone the extortionists at Upwork and similar freelancing sites should be supported!
Using blockchain for freelancing sites fixes the trust and reliability issues that are rampant on these platforms.
The fact that hyperledger is used and not Ethereum again breeds confidence in the team.
There are other competitors already doing this, so it will be exciting to see which one will become the top platform!
Rated on Aug 14, 2018
The freelancer market is growing and GigTricks is aiming in the right direction. Nevertheless, the benefits the GigTricks platform is offering seem to be limited. The challenge will be to differentiate the product from being just another job board allowing crypto payments and reviews.
The Escrow is a plus, but the Whitepaper lacks a marketing plan and a competitive analysis.
Rated on May 4, 2018
Rated on Nov 1, 2018
A promising project that aims to help freelancers. The vision is not quite original as it has strong competition (UpWork and Fiverr are just the most notable ones), but I am looking forward to seeing how are they planning to nail it.
Rated on Mar 1, 2019
Modified on Mar 1, 2019
The team is experienced and enthusiastic team and they have an excellent advisory board
This project works well on the blockchain and the gig economy is a sector that can benefit immensely from blockchain technology.
The product offers a variety of tools for freelancers to take advantage of.
Rated on Aug 15, 2018
Team seems pretty solid. The only thing that makes me weary is the amount of $ they are trying to raise. 35 Million dollar does seem to be way more than they need and only allocating 25% of Tokens for Sale. So that's 35 Million Dollars for 25% of the Token which gives the valuation of $140 Million Dollars.
Rated on Jun 25, 2018
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!
Rated on Jun 23, 2018
Modified on Jun 17, 2018
- deep experience in tech
- positive vesting schedule for the team and advisors
- great vision, overwhelming number of projects
- solves trust issues in the freelancer market
- the integration and development of services as chat services
- not convinced about way from centralized blockchain by GigTricks to get external nodes
- a lot of thought on the essence and needs of the freelance market
- very good incentivized voting system for reviews
- 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.
Rated on Jun 30, 2018
Modified on Jun 30, 2018
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.
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.
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?
Rated on Oct 12, 2018
Although the idea is not unique, the Team is strong, so good luck to GigTricks! I'm sure you will turn this into a successful venture. We can definitely use a Freelancing platform with a difference.
Rated on Jul 26, 2018
Modified on Jul 26, 2018
VISION: It's not clear what advantages decentralisation really brings to gig-economy platforms since the centralised ones (like odesk) seem to work pretty well and have plenty of functionality regarding freelancer verification, authentication of work, escrow, and so on. Also, I think the phrase "...to end global recession" is what marketers would call an 'over claim'. 2/5
TEAM: The team is extensive and strong. 4/5
PRODUCT: The MVP is acceptable for this stage of the project, although the amount trying to be raised seems rather high. 3/5
This is not an invitation to invest. ICOs are risky and you can lose everything you put in.
Rated on Apr 14, 2018
Interesting and promising project!
Rated on Jun 25, 2018
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.
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
Rated on Jun 8, 2018
Modified on Jun 8, 2018
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!
Rated on Oct 8, 2018
There are some elements of Gigtricks that are unique and it seem like worthwhile ideas but the multiple elements of Gigtricks make it seem confusing and cumbersome. Some elements (like the marketplace) have already been executed really well in the non-blockchain world (Fiver etc). Would recommend the team simplify the idea to its core elments and introduce new concepts in a phased manner rather than all at once. Wish them the best of luck!
Rated on Aug 5, 2018
The GigTricks team is well rounded with experienced members from several different fields. It is led by a seasoned group of directors and advised by eccentric individuals with good standing in the crypto community. It is however predominantly, technically apt and could benefit from more marketing experience. 4 out of 5 for the team.
The vision for the platform is clear, but a blockchain-based ecosystem is not required for a freelance and on-demand platform. GigTricks is not the first project in this space. Ethlance, CryptoTask, Blocklancer, FreelancerCoin, Develop[crypto], are some similar projects at different stages in their development process. The main advantage that a decentralized platform has over the traditional ones like odesk, upwork, and freelancer, which I regularly use are the reduced commission fees. Blockchain is not required for this purpose and GigTricks does not clearly state how they are going to achieve it and why they need blockchain to do so. The team really needs to prove that incorporating these new technologies will render their platform significantly superior to the existing ones.
Direct quote from product description:
“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.”
All of these can already been done to the same degree with any existing platform.
Whitepaper section 10.4 “Why Us”
None of the reasons you have provided are actually still issues that the existing platforms have not already solved.
2 out of 5 for the vision.
The GigTricks.com freelance platform is already available which is a good thing and the stage it is at is acceptable at this PreICO stage. The token economics are sound, however I would allocate more tokens to actual marketing of the platform.
The ecosystems architecture contains several different components. GigTricks Social, Marketplace, Learning, Point of Sale, and Pro. Individually some of these are very interesting and would be a competitive edge over other platforms like the Point of Sale system, but a large pool of strategic partnerships must be available for this to actually provide value. I would suggest the team to focus more on creating a seamless peer-to-peer low or fee-less freelance platform and drop the Social aspect and combine the Pro and Marketplace and keep the Learning and PoS separate and combined. Don’t strive to be a jack of all trades or as we say back home, an egg-laying wool-milk-sow.
3 out of 5 for the product.
I will naturally update and modify this review according to new developments.
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