RevereLabs

"In the 1800s you wouldn’t steal because God would smite you, in the 1900s you didn’t steal because the State would punish you, but in the 2000s you can’t steal because the Network won’t let you” - Balaji Srinivasan

Pitch Deck 🌐

Problem Statement

• For freelancers, contract negotiation is a really big problem. The vagueness of the demand of clients that leads to dissatisfaction is often a pain point for freelancers.
• Many times freelancers don't get the predefined payment or the payment doesn’t get through as set by the client.
• Clients feel great difficulty in accessing and managing their payments. A lot of ongoing gigs, and a lack of trustworthy universal automation payment mechanism leads to management issues.

Details + Sources 🌐

Understanding the Market & Niche Identification

The problems in the Gig-Sector can be divided into three sectors:

• Escrow -> A safe medium for transaction
• Listing -> Connecting the right people
• Skill Validation, Subjective Conflict Resolution -> Mechanisms for skill verification, and conflict handling.

After detailed examination (reasoning available in details) of the three sector and how they function, we currently focus on building an Escrow Service

The ultimate aim is to become for freelance, what Google is to search for something.

Details 🌐

🤔 But Why blockchain?

Solution Statement

We introduce a No-code Smart-Contract based Escrow system:

• No-code: As the freelancer or client, the complete power lies in your hands, customize the flexible templates as per your needs with just a few clicks and no prerequisites about coding.
• Smart-Contract: Smart Contracts are a bunch of code deployed on the blockchain. As the popular saying goes — anything that goes on the blockchain, stays on the blockchain. They guarantee a fund-release if and when the gig is completed, or a refund to client in case the gig isn’t completed.
• Escrow system: An Escrow is a legal entity that acts like a judge between the two parties. Is the escrow reliable? When they’re humans - maybe not. But when they’re pieces of code - 100%.

⭐ Escrow + No-code + Smart Contract = RevereLabs

What makes us, us - Distinguishing Features:

• Staking
• Multi-Sig
• DAO-Listing
• Milestones
• 2-Minute Contracts
• NFT → NTF? Non Transferable, but Fungible + Upgradability

Details 🌐

🤔 The Hard Side- What about the client ? (DrumRoll)...🥁 ...🥁 ...🥁... Cradle Model!

Business Model

The introduction of blockchain technology opens the doors for revenue generation via tokenomics too. The main revenue scheme revolves around the following three pillars:

→ 1-4% Commission per transaction cost taken equally from freelancer and client.

→ 0% fee for the transaction using native token, hence appreciating the value of the token

→ Money lending in case of inability of the client to stake money.

🕵🏼 Go-to Market Stratergy - "Come for the tool, Stay for the Network"

👾 DAOs-ssss.......How-ssss?

DAO are slowly turning out to play a quintessential role in the development of web3 and its adoption. Being the perfect representation of the power and advatages of the Network Effect, DAOs thus posses the power to revolutionize the ways of professional connectivity forever, and in our specific case, finding the perfect freelancer/client, which sadly enough, is a huge problem in the current completely crude search/filter based mechanisms. Following are a few salient points about integrating of DAOs with our mechanism:

• Equal Commission for every transaction by users onboarded by DAOs.
• DAO associated profiling. This will further help increase DAO visibility by a huge factor, wherein DAOs wont merely represent just another discord server, but rather induce feelings of being a part of a "larger" entity that one actually cares for.

Competitive Analysis

What's next for RevereLabs

• Present → MVP finalized - Basic Escrow Service
• Oct-Nov → Initial custome acquisition and begin alpha testing + Implementation of advanced features left out in MVP
• Nov-Dec → Getting funded + Wide-spread marketing of escrow and outreach + Develop Listing strategy.
• Jan→ Widespread Implementation of Tokenomics + Moving towards community model from service model
• 🚀 → Utilizing community to help in conflict resolution voting.