JumpTask presents facts and figures of their 1-year-old gig economy crypto project.
In 2022, JumpTask was introduced as a gig economy platform that allows individuals to complete small tasks and receive cryptocurrency as payment. Despite the fluctuations in the crypto market in recent times, the JumpTask project continues to see increasing usage around the world.
Find below 10 key facts you should know about JumpTask: its vision & goals, size, partnerships, and more.
As of December 2022, JumpTask amassed 1.84 million users worldwide. The platform’s variety of micro-tasks and blockchain technology advantages were the major contributing factors to this growth.
JumpTask offers earning opportunities without any geographical limitations, unlike many other companies that operate on the Web 2.0. Additionally, through the use of blockchain technology, JumpTask enables users to save on transfer fees.
The global gig economy is an enormous market; research by Statista estimated that it reached a value of over $400 billion in 2022. This refers to the economic activity of providing temporary work, rather than traditional full-time employment. As a result, the sector is heavily populated by freelancers. JumpTask aims to leverage blockchain and smart contract technology to simplify the relationship between independent workers and businesses, making it more transparent and cost-efficient.
JumpTask’s model of operation goes as follows: businesses submit tasks to the platform and buy $JMPT to pay people for completing these jobs. Once a micro task is finished, JumpTokens are sent to the freelancer completing it. This creates a sustained demand cycle, as partners keep buying $JMPT for compensation, therefore, maintaining the support of $JMPT’s price.
The JumpTask platform features staking options, which allow investors to earn passive income with their $JMPT. Fluid Staking offers 3 pools: Starter, Gainer, and Pro. Each pool has its own minimum investment requirement and APR (annual percentage reward) rate. As of now, the APR rates ranges from around 16% to 36%
Users can begin staking with as little as 10 $JMPT. Additionally, the pools available do not have a lock-in period or penalties for withdrawals.
The JumpTask project provides people with $JMPT tokens as a reward for completing small jobs. Freelancers can make money through games, surveys, and other micro tasks. They can also earn additional passive income through sharing internet bandwidth and staking JumpTokens.
According to the project’s development plan, JumpTask plans to add more than 10 new ways to earn through the platform, such as translation and app testing services.
Here’s who stands at the helm of the project:
The trio has experience in cryptocurrency investment and have previously worked on initial coin offerings, as well as on monetizing apps, developing websites and businesses. The rest of the JumpTask team members are experts in areas such as programming, marketing, and others.
Blockchain and decentralization are relatively new and complicated technologies that take a significant amount of time and effort to develop. It also makes it more challenging to onboard new partners who may not be familiar with the technology and may need extensive guidance.
That’s why JumpTask decided to build its ecosystem in 3 phases:
Currently, JumpTask is beginning to implement the Phase 2 of the project.
The JumpTask team has established partnerships with various companies that supply micro-tasks to the platform. For instance, users can earn $JMPT through passive income apps like Honeygain. Other Web2 partners include Offertoro, ayeT-Studios, AdGateMedia, and AdGem which are micro-task providers.
Additionally, the company is working with Wizardia, which is a Web3 company, a play-to-earn app that features an online game with NFTs and RPG elements.
Other partners include global online survey providers such as in.Brain and CPX Research.
To maintain transparency and communicate with the community, JumpTask CEO Juozapas holds live AMA sessions every month. During these events, users of the platform and holders of $JMPT can ask questions, participate, and collect digital NFT collectibles called POAPs (proof of attendance protocol). You can find all recording on the JumpTask Youtube channel.
Keep up with JumpTask’s progress as it brings the gig economy to the Web3 realm. Be sure to check out future articles and AMA sessions on the official JumpTask Youtube channel too.