Mycro is a German blockchain project which was founded by Andre Bruckmann, a serial entrepreneur who had a string of successful business relationships with the likes of Vodafone, EON, and SKY. Andre and his team, a group of German software developers, blockchain investors, and entrepreneurs, decided to focus on the particular niche of the job market, the micro-jobs: gardening, cleaning, delivery, tutoring, small repairs etc.
The central idea that Mycro tries to convey in the marketing campaign is that the product will enable users to decide how much their time is worth thus create the so-called “time and money equalizer.” A bit too sophisticated formulation of a mechanism that matches jobbers with work providers through the use of self-learning algorithms utilized by numerous dating platforms.
However, Mycro certainly has its advantages, among which are low service fees and the absence of intermediaries. According to the official whitepaper, the Mycro fees will not exceed 2%, which is peanuts compared to what major job platforms charge their users. Such small fees will be achieved by eliminating all intermediaries and creating the state-of-the-art fully decentralized mobile application.
The Mycro team also claims that the platform will facilitate the development of improved verification and rating mechanism thanks to the immutability of records inherent to blockchain. Although the user’s identity would be verified not by the Mycro community but by an external partner. Once the user’s identity is confirmed, the corresponding data would be permanently linked to the crypto wallet allocated on the Mycro platform.
As for the rating mechanism, it will be executed on the basis of the Ethereum smart contract and contain feedback from both the hirer and the task performer. The rating will be decentrally and immutably linked to the user’s Mycro wallet. The funds, allocated for a certain job, will be kept in escrow, also designed as a smart contract, and released to the performer's wallet only after successful task completion. The payments will be carried out by means of both crypto and fiat currencies though Mycro will have its native utility token MYO. It could be used to apply/ pay for jobs and reward users for developing the Mycro community and keeping a good track record.
Founded: 2019, Germany
Start: 3 March, 2019
End: 17 March, 2019
Mycro is intended to connect people who have money but don't have enough time with those ones who have a lot of time but in need of money, this makes this project a great idea.
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