Unolabo builds the first decentralized self-regulated global skillmarket with p2p safe-deals based on Ethereum Blockchain, adapted for “The Next Billion Users”, targeting over 850M active mobile users in Asia, and then to 3.5B globally by 2030. Our users include migrant workers, expats, unemployed, low-skilled and 73M young people.
Since 2015 analysts of Unolabo are exploring the possibilities of an alternative solution to the imbalance of supply and demand in the labor market. The task is to develop a global self-regulating market mechanism, based on blockchain, which will become the base of the global marketplace for people’s skills. On p2p side we offer safe deals with escrows and instant currency convert.
UNLB is the Unolabo token that serves as network utility and is needed to operate as “fuel” for Unolabo network of smart contracts. UNLB utility token holder will be able to buy goods and services with low fee 0,25%, while others will pay 1,35%-2%. By the way, as the amount of transactions grows, the price of the token will grow respectively.
Collected funds will be spent on building people skills ecosystem and infrastructure for remittances, p2p payments, currency exchange and marketing in Asia.
India was chosen primarily as a country with optimal conditions for the implementation and development of the project. Population: 1 335 billion people. The number of mobile Internet users: 442M with domination on global outsourcing market: about 4M professionals. The denomination in 2016 led to an increase in the recognition of bitcoins among users of cryptocurrencies: 11% of all transactions in world trade of BTC / USD pairs are owned by Indian crypto-exchanges and more than 50,000 Bitcoin wallets boasted by indian users.
After the project launches UNLB tokens will be available on exchanges and according to the plan the Unolabo will have it’s own small reserves for instant convert of users fiat-currency.