This Freelancer/ Client/ Agency Membership Agreement (“Agreement”) is between you and Greelance Inc. (Parties). This Agreement forms a part of the Terms of Service. In case of any modification, you will be notified in advance, and in case you continue your association after the last modified date, the same shall be presumed as your acceptance of this Agreement.
You (hereinafter referred to as “Freelancer”, “Client” or “Agency” participating in a membership plan) are entering into this Agreement with Greelance Inc.(hereinafter referred to as “we” and “us”).
The Greelance Inc. platform will pre-screen candidates (Freelancers/agencies) and validate their technical expertise before they join the platform.
Greelance Inc. shall not charge any Membership Fee from its platform users at the time of joining (Client/ Freelancer/ Agency). At any future date, if Greelance Inc. introduces a Membership Fee for its platform users, the Client/ Freelancer/ Agency shall have the option to continue with the Free Membership or to opt for Paid Membership.
| NATURE OF GREELANCE INC. ACCOUNT | JOINING MEMBERSHIP FEE |
| CORPORATE/ INDIVIDUAL CLIENTS | NIL |
| FREELANCERS – CANDIDATES | NIL |
| AGENCY | NIL |
Greelance Inc. shall not charge any Regular Monthly/ Yearly Membership Fee from its platform users (Client/ Freelancer/ Agency) at the time of joining. At any future date, if Greelance Inc. introduces a Regular Monthly/ Yearly Membership Fee for its platform users, the Client/ Freelancer/ Agency shall have the option to continue with the Free Membership or to opt for Paid Regular Monthly/ Yearly Membership.
| NATURE OF GREELANCE INC. ACCOUNT | REGULAR MONTHLY/ YEARLY MEMBERSHIP FEE |
| CORPORATE/ PARTNERSHIP/ INDIVIDUAL CLIENTS | NIL |
| FREELANCERS – CANDIDATES | NIL |
| AGENCY | NIL |
Greelance Inc. shall charge a flat % of services for all contractual assignments done by the Freelancers/ Agency for different Corporate/ Individual Clients. Greelance Inc. shall charge a fixed percentage of a Regular Surcharge/ Service Charges from the Clients/ Freelancers/ Agency, which is given hereunder:
| NATURE OF GREELANCE INC. ACCOUNT | SURCHARGE/ SERVICE FEE |
| CORPORATE/ PARTNERSHIP/ INDIVIDUAL CLIENTS | 10% |
| FREELANCERS – CANDIDATES | 5% |
| AGENCY | 5% |
All applicable GST/ VAT/ INCOME TAX/ SALES TAX/ SERVICE TAX shall be charged from the Corporate/ Partnership/ Individual Clients in addition to the Regular Surcharge Fee/ Service Charges Plan. In addition to the Regular Surcharge Fee/ Service Charges Plan, if any TDS will be applicable on the Freelancer/ Agency Payments, that will be deducted out of their due payments.
The network will process fiat payments. For this, it will implement a traditional payment gateway module that integrates with several payment channels.
In addition, because the network has been designed to incorporate commissions and incentives into the transactions, the payment events will trigger the smart contracts to allocate tokens into the wallets of those participating in the transactions.
13.1 Payment Gateway responsibilities:
All Payment Gateway Terms shall be applicable from time to time on its announcement at Greelance Inc. Platform/ Website/ App.
All Incentivized payments schemes shall be applicable from time to time on its announcement at Greelance Inc. Platform/ Website/ App.
Greelance Inc. will incorporate an innovative scheme to represent commissions. There will be NFTs that will be granted to the Commission-rights holder.
The Commission as NFTs will consist of:
All Commission Rights as Tradeable NFTs schemes shall be applicable from time to time on its announcement at Greelance Inc. Platform/ Website/ App.
The Greelance Inc. network will be a decentralized protocol; therefore, the most important interactions of participants with the protocol will be done through a private key that will be held in an ERC20 compatible wallet.
The Greelance Inc. wallet will consist of the following:
The network will have a dynamic incentive pricing model. This means that the incentives will not be fixed or pre-established, but will be based on the demand and supply equilibrium of the activity being incentivized. The incentives will also be based on the recommendations from the AI optimization model which measures the contribution of each activity towards revenue generation on the Greelance Inc. platform.
Using a dynamic incentive structure will prevent the job and services network from being constrained by excessive supply or demand.
A reverse pricing mechanism is also introduced to the dynamic incentives. Reverse pricing is a market mechanism under which a participant acting as a recruiter or referrer can set a minimum incentive threshold that will incentivize their assistance in filing a position and the Employers can also set a maximum incentive threshold above the dynamic incentive that they are willing to pay to incentivize assistance with filling that position.
All Dynamic Incentive schemes shall be applicable from time to time on its announcement at Greelance Inc. Platform/ Website/ App.
Greelance Inc. shall announce various schemes from time to time at its website and App regarding Greelance Inc. Token, which may be subject to acceptance of Specific Token Terms and Conditions in addition to the Terms of Service & User Agreement. On acceptance of Specific Token Terms & Conditions all Greelance Inc. members including Clients, Freelancers, and agencies will be able to avail of special opportunities within the Greelance Inc. Platform and Network.
Greelance Inc. introduces a decentralized talent and services network running with a self-sustainable circular economy aimed at replacing existing high-taxing, inefficient talent and services marketplaces. It provides a new type of talent and services marketplace controlled and governed by participants within the network.
The platform’s native Greelance Inc. token will be fungible based on the ERC20 standard. This token is considered a utility token. It will be used in the Greelance Inc. network by the users in the Greelance Inc. economy; they will use the token to interact with other users when engaging in professional activity and receive rewards. The token will be the established payment method for all users. However, participants can also pay for professional activity in fiat money or stable coins.
The platform will incorporate real-time payments for completed tasks using the Greelance Inc. token as an incentive. Employers and professionals will purchase Greelance Inc. tokens to create and manage job tasks within Greelance Inc.
The Greelance Inc. platform allows users to earn Greelance Inc. tokens by performing different actions on the network, including introducing and onboarding clients. Greelance Inc. tokens will also be used for job post-management, talent management, proposals, and upskilling.
Greelance Inc. is a peer-to-peer talent and service management platform that uses digital signatures to transfer funds directly from one party to another in a decentralized manner. Greelance Inc. offers a world where talent and service markets do not exploit or favor anyone.
Greelance Inc. will achieve fairness in the talent and service market by building an easy-to-use marketplace that rewards anyone willing to perform and complete tasks that increase the Greelance Inc. platform’s social interaction and can reasonably be tied to current or future increases in revenue generated by the Greelance Inc. platform.
All Toke/ NFTs schemes shall be applicable from time to time on its announcement at Greelance Inc. Platform/ Website/ App.
The Greelance Inc. platform implements an AI-based compensation structure that is gamified to encourage long-term participation and engagement.
Activities that encourage participants to use the platform for technical and social interaction and training will be gamified and rewarded with Greelance Inc. tokens. The AI algorithm will optimize the rewards based on which activities will derive the maximum engagement.
Greelance Inc. will also include a full-service HR module to allow employers to run payroll, employee benefits, time tracking, and employee onboarding and offboarding. HR module shall be launched soon on the Greelance Inc. Platform.
The Greelance Inc. platform will have integrated training modules that are aligned with the technical evaluations. Upskilling is a core growth strategy for increasing bill rates for existing candidates.
Based on the results of a candidate’s test, Greelance Inc. can create a customized training program that addresses the specific deficiencies of that candidate. Upon completing the course, the candidate is offered a chance for a retest. The candidate will also have the option to retake the entire course if desired.
Candidates will earn Greelance Inc. tokens when they take a test or a course for the first time after being onboarded on Greelance Inc.. Multiple retakes of the same test will not be compensated. The compensation for tests and training will be tied to the potential market rate for that skill set and the market demand for that skill set.
If there is an excessive demand for a particular job title, the bill rate commanded for that job title will likely increase. Hence, the incentive to upskill in those areas should also be higher. The incentives will reduce proportionately once the marketplace reaches equilibrium between supply and demand.
An AI-based resume reading and writing and a job description writing module will also be integrated to help candidates effectively highlight their skills and help employers better describe their detailed requirements.
The Greelance Inc. network will automate the collection and distribution of referral commissions.
The referral will be of two types, and they both will be taken into account when calculating the amounts to be disbursed:
Both Employers and Freelancers/agencies will be able to join the Greelance Inc. network based on someone’s referral.
Both Employers and Freelancers/agencies will be able to engage in the filling of a job vacancy based on someone’s referral.
All referral schemes shall be applicable from time to time on its announcement at Greelance Inc. Platform/ Website/ App.
The Greelance Inc. protocol will implement a referral and commission model. This model is designed to be impersonal and will be based on commission rights. The commission rights are granted to participants acting as referral nodes in the network.
The representation of commission rights as NFTs is an innovative approach.
The NFTs will hold metadata that allows referral and commission algorithms to liquidate the correct number of tokens to the NFTs’ holders. The novelty of modeling the commission rights as NFTs is that the NFT holders will be able to trade these commission rights as NFTs on an NFT marketplace.
All commission schemes shall be applicable from time to time on its announcement at Greelance Inc. Platform/ Website/ App.
The treasury is the vault where all the funds are accumulated from different sources:
The network will automatically distribute these funds accordingly with the variables set in the smart contracts. These include:
The percentages allocated to each of the expenses will be managed by smart contracts. Changes to these initial terms will always be possible through the proposed voting governance model.
All Smart Treasury schemes shall be applicable from time to time on its announcement at Greelance Inc. Platform/ Website/ App.
The introduction of AI for the following features of a job marketplace is considered innovative, therefore, they are patent-pending.
26.1 AI Features Funding
These features provide the distinct advantage of Greelance Inc. over other competitors. However, these features may be complex and costly. A strategic approach to how they can be implemented efficiently is key. This is because some of these features can only be effective in later stages of the project when the volume of transactions in the network reaches a critical mass.
It is proposed that some of the AI feature that characterize the Greelance Inc. network be funded by the initial seed investment. These are the AI Machine Learning models that may not require production data to train the models.
However, some other AI projects will require production data to be effective; therefore, those could be postponed in terms of project priorities.
Taking this as an opportunity, only crucial AI models should be funded by the presales round fund. On the contrary, the Greelance Inc. project team could implement AI technology gradually after the initial launch with the funding model proposed for the DAO. This is when Greelance Inc. achieves a sustainable revenue stream from the activity on the network.
Alternatively, AI technology can be funded by the program of features and innovations as proposed in the Service section of this document.
26.2 AI-Based Resume Reading/Writing algorithm
Greelance Inc. will implement an AI-powered resume writer using Generative Pre-trained Transformer 3 (GPT-3) algorithms.
GPT-3 can generate long sentences of unique text as the output.
GPT-3 uses a self-attention mechanism that is a good fit for natural language understanding.
Input Data;
The input data will be one of the following:
Model Training;
The AI-powered resume writer will be trained using existing resume APIs, but will also continuously learn using existing candidate resumes within Greelance Inc. including the resumes that the algorithm generates.
26.3 AI-Based Job Description Reading/Writing algorithm
Greelance Inc. will implement a job description writer based on input keywords, short job descriptions, and similar job references. The solution will be implemented using Generative Pre-trained Transformer 3 (GPT-3) algorithms.
Input Data;
The input is a short job description with the skills and qualifications required for the job. There could be some additional keywords, but in general, it will be an unstructured block of text where the Employer describes the required skill set.
Model Training;
The AI-powered job description writer will be trained using existing job description APIs, but will also continuously learn using existing job descriptions within Greelance Inc. including the job descriptions that the algorithm generates.
26.4 AI-Based Reading/Writing algorithm
The Greelance Inc. AI blog writer will have access to the SEO statistics for each topic, keywords, and subtopics selected and prefer highly rated keywords to generate blog content.
The AI blog writer will create a pool of relevant topics for content creation based on the frequency of content coverage and SEO relevance. The AI blog writer will create a blog post on the given topic based on the input topics and industries selected.
The AI blog writer algorithm will also suggest topics to write about based on the imbalance between job postings and skilled candidates.
To incentivize the selection of the AI recommended blog topics, a higher reward in Greelance Inc.’s tokens will be paid for participants writing and posting suggested blog topics.
Input Data;
The AI blog writer will get (categories OR subcategories) AND (industries) as input.
The AI blog writer will also get SEO keyword data as input.
Model Training;
To choose a blog post relevant to the user selected, Greelance Inc. will use a pre-trained Masked Language Modeling (MLM) algorithm.
For the creation of the blog posts, the Greelance Inc. AI blog post writer will be trained using pairs of blog post topics and blog post content.
26.5 AI-Based Compensation Algorithm
The algorithm will be based on price optimization. The algorithm will optimize the reward for each action online based on the feedback (the Greelance Inc. revenue and other related metrics). It will start by initializing rewards with the logical values (human selected), and then it will continuously optimize those rewards with the price optimization algorithm.
It will leverage Deep Q Network (DPQ), Proximal Policy Optimization (PPO), and Inverse Q Networks (IQN)
Input Data;
The input data for this algorithm will be the current and historical revenue, current and historical rewards, and current and historical activities.
Model Training;
Since this will be a Reinforcement Learning (RL) algorithm; it will be required to train the model in real-time. Therefore, the system will need to set up data collection for rewards and for the Greelance Inc. platform that would be inserted into the RL algorithm.
Greelance Inc. will run all three reinforcement learning algorithms in parallel in real-time to account for changes in the input data patterns.
Note: Greelance Inc. has offered a lot of rebates in the initial Membership Agreement during its first phase of launching the platform. Greelance Inc. reserves its right to revise all or any of its Membership Agreement clauses at any time.
Note: Participation in Greelance Inc. Token/ NFTs shall be subject to separate terms and conditions, which shall be announced at the time of its launching. Till the launching of Greelance Inc. token, all transactions shall be done in Dollars($).
Note: Greelance Inc. shall launch its full operation by September 2022. Till its full launch, certain facilities mentioned in this Agreement may not be available. All Platform Users shall not presume each point as a matter of right until the launch of all activities mentioned in the terms and clauses of this Agreement. Greelance Inc. reserves its right to add or delete any facility till its full launch in September, 2022
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