Addressing the problems of traditional freelancing
Freelancing often comes wrapped in the promise of freedom and flexibility, but beneath the surface lies a world far more complicated. It’s not just about securing clients or delivering projects on time, it’s about knowing how to prioritize profits over people or how to manage inconsistent workflows.
From navigating financial uncertainty to keeping up with rapidly shifting market demands, challenges are plenty but often overlooked. Financial instability, lack of transparency, and rigid payment systems are just the tip of the iceberg. For many, it’s less about thriving and more about surviving in an environment where the rules are stacked against freelancers.
How do these platforms fall short, and how does HYVE provide the solutions to build a more sustainable, empowering freelancing career? Let's dive in!
High fees erode freelancer earnings
One of the most glaring issues with traditional freelancing platforms is the high fees imposed on freelancers. Many platforms charge commission rates ranging from 10% to 20% of a freelancer's earnings, significantly reducing their income. On top of that, clients are often subject to additional fees, making these platforms less attractive for long-term collaborations.
Our platform offers the lowest fees in the freelancing industry, ensuring a win-win for both parties. We charge 0% for paying in our native token, $HYVE, and no more than 2.5% for payments in other tokens. With a transparent and fair fee structure, HYVE users retain more of their earnings, while clients benefit from reduced costs.
In addition, limited payment options become a double burden for freelancers and clients alike. Traditional platforms typically rely on bank transfers which can be slow and restrictive, particularly for freelancers working with international clients. Currency conversion fees, long processing times, and rigid payment structures often leave freelancers struggling to manage their finances effectively.
Transparency is often lacking
Many platforms fail to establish clear guidelines or provide secure systems for managing expectations, payment terms, and project milestones. This often leads to misunderstandings, scope creep, and disputes, eroding trust and damaging professional relationships.
Without robust systems in place, freelancers frequently find themselves working on vague instructions or tackling additional tasks that weren’t part of the original agreement. Clients, on the other hand, may feel dissatisfied if deliverables don’t align with their expectations.
Our Escrow Now feature ensures that funds are securely held until both parties fulfill their agreed-upon terms, creating a transparent and trustworthy framework for collaboration. Read more on how we eliminate the ambiguity that often plagues traditional freelancing platforms:
Bridging accessibility gaps
For many freelancers and clients, traditional platforms and blockchain-based systems come with features that make managing projects and transactions unnecessarily complex. Freelancers need quick and seamless tools to manage their transactions, especially when working on multiple projects or the go. Many platforms fail to provide this, requiring users to be tied to their desktops and forcing them through repetitive processes.
The introduction of our Telegram Bot for Escrow Now feature combines blockchain tech with the simplicity of an everyday app. By integrating escrow functionality into Telegram, HYVE eliminates the need for users to log into the main platform, offering unmatched accessibility and convenience.
The Telegram Bot simplifies transactions through:
- mobile-friendly convenience: freelancers and clients can set up secure escrow accounts directly from their mobile devices, eliminating the need to log into a desktop platform.
- guided process: the bot mirrors the Instant Pledge functionality, providing a step-by-step guided process.
- streamlined workflow: ensures quick setup and secure management of escrow accounts, empowering users to manage transactions on the go.
If you’re curious about the Telegram Bot or Instant Pledge, click the links below to explore the articles and learn more about how these features can simplify your transactions:
Next up on HYVE
Building the future of freelancing requires time and patience - on a monthly basis, we have been introducing new features, creating a better freelancing experience and reducing administrative workloads.
If you want to discover what we're currently working on, make sure to join the official HYVE Telegram group and engage in our daily discussions!