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Blocklancer

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Discover Blocklancer's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Blocklancer?

Blocklancer (LNC) is a cryptocurrency that operates on the Ethereum platform. It has a total supply of 152,177,339.137222 and a circulating supply of 120,140,384.183288. The last known price of Blocklancer is 0.00039634 USD.

How is Blocklancer used?

Blocklancer (LNC) is a cryptocurrency token that operates on the Ethereum platform. It is primarily used within a decentralized freelancing platform designed to mitigate issues in the freelancing industry. The platform aims to provide a reliable payment system, ensuring that freelancers are fairly compensated for their work. The token holders play a crucial role in the system, as they settle disputes and earn fees within the platform.

How do I store Blocklancer?

To store Blocklancer (LNC) tokens securely, you can use various types of crypto wallets. Here are some options:

Choosing a Crypto Wallet
  1. Hot Wallets: These are suitable for frequent trading and online payments. Popular hot wallets include Coinbase Wallet, MetaMask, and TrustWallet. You can download these wallets as browser extensions or mobile apps.

  2. Cold Wallets: These are more secure and suitable for long-term storage of large amounts of cryptocurrency. Cold wallets are not connected to the internet, reducing the risk of hacking. Examples include hardware wallets like Trezor Model T, Ledger Nano X, and KeepKey.

Setting Up Your Wallet
  1. Create an Account: Provide your personal information and select a strong password.
  2. Seed Recovery Phrase: Note down the 12-word seed phrase carefully, as it serves as a precautionary measure in case you lose your wallet.
Security Tips
  1. Use Strong Passwords: Use different passwords for each account, and avoid personal information.
  2. Enable 2FA: Two-factor authentication adds an extra layer of security.
  3. Use Multiple Emails: Use separate emails for your crypto accounts to reduce vulnerability.
  4. Keep Software Up-to-Date: Ensure your operating system and antivirus software are updated.
  5. Double-Check URLs: Verify the URL before transacting to avoid scams.
  6. Use Multi-Sig Wallets: These require multiple private keys to sign transactions, increasing security.
  7. Store Seed Phrase Securely: Keep the seed phrase offline, such as in a safety deposit box.

By following these steps and security tips, you can store your Blocklancer (LNC) tokens safely and securely.

How to buy Blocklancer?

To buy Blocklancer (LNC) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that works well in your area, accepts your payment method, and aligns with your preferred policies. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Ensure you understand the differences between hot and cold wallets to make an informed choice.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. You will receive a secret recovery phrase or seed words, which are crucial in case you lose your wallet.

  3. Buy a Base Currency: Choose a cryptocurrency exchange platform and purchase a base currency, such as Bitcoin, Ethereum, or Tether, which you will use to trade LNC.

  1. Transfer Funds to Your Wallet: Withdraw your base currency to your crypto wallet by providing your wallet address and the amount you want to transfer.

  2. Select a Decentralized Exchange (DEX): Choose a DEX that supports your wallet. Ensure the exchange has sufficient liquidity for the trading pairs you need.

  3. Buy Blocklancer (LNC): Connect your wallet to the DEX, select LNC, and enter the amount you want to trade. Be cautious of market trends and diversify your portfolio to minimize risks.

  1. Verify Smart Contracts (if needed): If LNC is not listed on the DEX, use tools like BscScan or Etherscan to find the smart contract address and paste it into the DEX to complete the transaction. Always verify the contract address to avoid scams.

By following these steps, you can successfully purchase Blocklancer (LNC) tokens.

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History of Blocklancer

Blocklancer (LNC) is a cryptocurrency token that operates on the Ethereum platform. The project's history is marked by significant highs and lows, with its price history being quite erratic. The token has experienced substantial changes in its value over time, making it a volatile investment option.

Blocklancer has a total supply of 152,177,339 tokens, with 120,140,384 tokens currently in circulation. The token's market capitalization is calculated by multiplying the circulating supply by its current price. This metric provides an overall value of all coins in circulation, similar to the free-float capitalization in stock markets.

The project's development activity and social presence can be tracked through its GitHub repositories, Telegram, X, and Reddit accounts. These metrics help in determining the project's growth and popularity. Additionally, the project's website metrics, such as domain rating and organic traffic, are used to evaluate its online presence and activity.

Blocklancer is listed on several exchanges, including Binance, Kucoin, and Kraken, which are the most active and popular exchanges for buying and selling the token. The token can be stored securely in hardware wallets like Ledger and Trezor.

Despite its volatile history, Blocklancer remains a cryptocurrency that can be invested in, with its price and market capitalization subject to constant changes.

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How Blocklancer works

Blocklancer (LNC) is a cryptocurrency that operates on the Ethereum blockchain. It is designed to revolutionize the freelancing industry by creating a decentralized and autonomous job marketplace. Here's how it works:

Key Features
  • Decentralized Job Marketplace: Blocklancer is a self-regulated platform where freelancers and employers can connect directly without the need for intermediaries. This eliminates the high fees and biases associated with traditional freelancing platforms.
  • Tokenholder Tribunal: The platform has a Tokenholder Tribunal, where disputes are settled by token holders through voting. This ensures fairness and transparency in the system.
  • Revenue Distribution: Token holders receive a portion of the revenue generated from jobs on the platform, making it a lucrative investment opportunity.
  • Immutable Blockchain: The blockchain ensures that job offers cannot be deleted or manipulated, providing a reliable and trustworthy environment for freelancers and employers.
How It Works
  1. Job Posting: Employers post job offers on the platform, which are visible to freelancers.
  2. Freelancer Selection: Freelancers can contact employers directly to discuss job details and negotiate terms.
  3. Payment System: Payment is guaranteed but only released when the employer is satisfied with the work or milestones are met. If disputes arise, the Tokenholder Tribunal settles them through voting.
  4. Fees: Blocklancer takes a 3% cut from each job, significantly lower than traditional freelancing platforms. These fees are distributed back to token holders, making it a profitable investment.
Benefits
  • Fairness: The decentralized nature and Tokenholder Tribunal ensure that disputes are resolved fairly and without bias.
  • Reliability: Payment is guaranteed, and the blockchain ensures that job offers cannot be manipulated.
  • Lower Fees: The 3% fee is significantly lower than traditional freelancing platforms, making it more lucrative for freelancers and employers.
  • Investment Opportunity: Token holders receive a portion of the revenue generated, making it a profitable investment.

Overall, Blocklancer aims to create a fair, reliable, and efficient freelancing platform that benefits both freelancers and employers while providing a lucrative investment opportunity for token holders.

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Blocklancer's strengths

The token Blocklancer (LNC) has several strengths that contribute to its potential as a cryptocurrency investment.

Decentralized Job Marketplace

Blocklancer operates as a Distributed Autonomous Job Marketplace (DAJ) on the Ethereum blockchain, which allows for decentralized and autonomous job transactions. This decentralized nature can provide a more secure and transparent environment for job seekers and employers.

Ethereum Platform

By running on the Ethereum platform, Blocklancer leverages the security and scalability of one of the most established blockchain networks. This can provide a solid foundation for the token's operations and transactions.

Large Total Supply

Blocklancer has a large total supply of 152,177,339 tokens, which can help to ensure liquidity and facilitate transactions within the job marketplace.

Centralized Organization

Blocklancer is based in Austria and has a centralized organizational structure, which can provide a clear point of contact and decision-making authority. This can be beneficial for investors seeking a more structured and accountable project.

Open-Source and Hardware Wallet Support

Blocklancer is open-source, which allows for community involvement and potential contributions to the project's development. Additionally, it supports hardware wallets, providing users with a secure way to store their tokens.

Active Development

Blocklancer has an active development process, with a prototype/MVP in place and ongoing updates to its GitHub repository. This indicates a commitment to continuous improvement and refinement of the project.

These strengths collectively contribute to Blocklancer's potential as a cryptocurrency investment, offering a unique decentralized job marketplace with a solid foundation and ongoing development.

Blocklancer's risks

Blocklancer (LNC), as a cryptocurrency project, is exposed to various financial risks that can impact its value and stability. Here are some of the key financial risks associated with Blocklancer:

  1. Market Risk: Market fluctuations can significantly affect the value of LNC. Changes in market conditions, such as shifts in supply and demand, can lead to price volatility, which can result in losses for investors.

  2. Liquidity Risk: If there is low liquidity in the market, it can be difficult for investors to buy or sell LNC quickly enough to respond to market changes, leading to potential losses.

  3. Operational Risk: Blocklancer's operational efficiency and management can impact its financial performance. Poor management decisions, technical issues, or regulatory non-compliance can lead to financial losses.

  1. Credit Risk: If Blocklancer extends credit to users or partners, there is a risk that these parties may default on their obligations, leading to financial losses.

  2. Legal and Regulatory Risks: Changes in regulatory environments or legal challenges can negatively impact Blocklancer's financial performance. Non-compliance with regulations or legal disputes can result in fines, penalties, or even the shutdown of operations.

  3. Currency Risk: As a cryptocurrency, LNC is exposed to currency risks, including exchange rate fluctuations and potential devaluations.

  1. Speculative Risks: Investors may engage in speculative activities, such as buying LNC in anticipation of price increases. If these expectations are not met, investors may incur significant losses.

  2. Default Risk: If Blocklancer defaults on its debt obligations or fails to meet its financial commitments, it can lead to financial instability and losses for investors.

  3. Volatility Risk: The cryptocurrency market is known for its volatility, and LNC is no exception. Sudden price swings can result in significant losses for investors.

  1. Systemic Risk: Blocklancer is part of a larger cryptocurrency ecosystem, which means that systemic risks, such as a global market downturn, can impact its financial performance.

Understanding and managing these financial risks is crucial for Blocklancer to maintain stability and ensure the long-term success of the project.

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Did Blocklancer raise funds?

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Blocklancer's ecosystem

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Blocklancer’s team

Here is the team behind the crypto Blocklancer (LNC):

  • Michael Kaiser: CEO/CTO, co-founder
  • Sabrina Kaiser: COO, co-founder
  • Kevin Kaiser: CIO, co-founder
  • Christof Kurzemann: CFO, co-founder
  • Alexander Thellmann: Community Manager & Content Creator

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The fundamental analysis assistant for crypto value investors.

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