Review on Stipend by Pedro O. Alvino M.
Decentralized network for independent workers
Focused on instituting a business platform for independent professional workers, they aim to establish through the blockchain a network with total transparency for their operators and thus verify for themselves that all the functions of the system cannot be altered, stories such as means of payment or rewards for contribution on the net.
Having various means of payment accounts in Fiat currency, has the adaptability to the market, since many of these independent workers are not affected by digital currencies, since fiat currency is much more accepted as a means of payment, however Stipend offers zero commissions if you make payments with your native cryptocurrency, incentivizing your by your consumers
Two years after its launch, we have had some momentum in the first months of its start, however, by contacting a descending volatility that can damage the system of the stipend platform, also currently its currency does not have a commercial volume that can harm that no one intends to use this currency as a means of payment or future investment
Pros
- Blockchain-based platform for independent workers.
- Use a special algorithm to order each Masternode by its last received payment
- Stipend Network users can send and receive instant and irreversible transactions through a method called InstantX
- Provide users with the best experience and opportunity to conduct their business.
- It offers three types of payments, either in Fiat currency or cryptocurrency, in addition to offering zero commissions if you make the payment with SPD
- Reward the best freelancers.
Cons
- It will take time for independent workers in the global market to adopt this platform for business agreement
- The accessibility to the currency is very low in exchanges and it does not have a verified commercial volume. Summary
