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You are at:Home » CryptoTask Introduces Escrow Feature, XTZ Payment
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CryptoTask Introduces Escrow Feature, XTZ Payment

With over 2,000 daily users, CryptoTask is among the fastest-growing decentralized freelance platforms.
Ravi KumarBy Ravi KumarOctober 10, 2021Updated:October 11, 2021No Comments2 Mins Read
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CryptoTask Introduces Escrow Feature, XTZ Payment
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CryptoTask, leading decentralized freelancing marketplace, introduces Escrow Feature, as well as starts accepting XTZ as payment method.

With over 2,000 daily users, CryptoTask is among the fastest-growing decentralized freelance platforms.

Advantage Of Escrow System On Freelancing Marketplace

Just like conventional platforms, the escrow system on a decentralized marketplace assures the security of the payment. A lot of freelancers are dealing with ghosting and payment issues on a daily basis.

“By using CryptoTask, our dear freelancers will have a monolith of security.”

Freelancers and clients are now fully protected so that clients can send money to the escrow address before the job starts (either the full amount or in milestones), then the freelancer starts working. When the work is done — money is released to the freelancer’s desired address! Simple as that. That way both parties are finally protected as they always should be while working online.

Cryptocurrencies can and already solve the pain points of many freelancers, who either can’t use 3rd party payment providers or they’d rather choose not to do so.

Escrow feature will cost users a fee of 3%. CryptoTask will use the fee collected on Escrow system to buy the $CTASK token and burn it with the goal of driving the price of the token up. The freelancing platform claims that it will ultimately make it attractive for investors.

$XTZ Accepted Accepted As Payment

In July, CryptoTask announced that it will migrate to the secure and upgradable Tezos blockchain. It also said that it will further develop its decentralized freelancing platform features using the scalable and energy-efficient solutions of Tezos blockchain.

Read More: CryptoTask Is Now On Tezos, Aims To Disrupt Freelancing

CryptoTask recently revealed that the migration to Tezos “is going as planned”, and “the first milestone is coming full circle and is soon to be complete”. CryptoTask also announced that it now supports XTZ payment alongside BTC and ETH.

Read Also: How Blockchain Technology Is Disrupting The Freelance Market?

CTASK Price Action

CTASK, the native token of CryptoTask, was trading at $0.57 and it was down 3.01% in the last 24 hours (at the time of publishing). It is currently among the top 2000 tokens in CoinMarketCap database. CTASK currently has a circulating supply of 1,568,101 CTASK coins and a maximum supply of 15,400,000 CTASK coins.

Image Courtesy of CryptoTask

Blockchain Freelance Platforms CryptoTask Decentralized Freelancing Marketplace Freelancing Tezos (XTZ) Tezos Blockchain
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Ravi Kumar
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Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

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