Gignet

How Does Gignet Work?

By harnessing the power of blockchain, Gignet uses smart gig contracts to streamline the gig job market and economy. When an employer posts a project, they define the terms, conditions, rates, and acceptance criteria. Freelancers bid, and the employer, armed with reputation insights, selects the ideal candidate. Once chosen, the contract is locked in. Acceptance of the employer is necessary as project delivery control mechanism. Payment is automatically released upon meeting the employer's acceptance, using the GigD (Gig Dollar) cryptocurrency — which is then deposited into a member’s Gignet Universal Card.




The $GIGD Cryptocurrency Stablecoin


Fueling the Gignet community ecosystem is the $GIGD (Gig Dollar), our value-exchange utility token. Pegged to the US dollar, $GIGD provides stability essential for the security, financial governance, and liquidity of the Gignet ecosystem. Since it’s pegged to the US dollar, GIGD never fluctuates, unlike other cryptocurrencies.




Inclusivity at its Core


Gignet does not discriminate. Anyone can be a member of the Gignet community, but everyone must adhere to the protocols and ethics of the organization. Non-compliance could result in a poor reputation score and potential banning from the community.


Our goal is to provide equal opportunity to talents worldwide. We aim to cater to underserved communities and countries, giving them a fighting chance in life. A minimum wage in the US goes a long way for those in Somalia, Nigeria, Kenya, the Philippines, Argentina, Mexico, and many developing countries.


While Gignet proudly embraces blockchain and Web 3 technologies, we remain inclusive by accommodating traditional payment systems. Our community’s convenience is paramount to us.




The Gignet Universal Card


Introducing the Gignet Universal Card — more than just an ID, it serves as a debit card to convert GIGD with any traditional fiat. This multifunctional card also serve as a Self-Sovereign ID, featuring an NFT-based authentication key. It also functions as an NFC/HID access control card for token-gated websites, Metaverse events, lounges, hotels, and many more.




The Gignet Rep Score (GRS)


Your credibility matters. Every gig freelancer and employer receives a reputation score from the community and its leaders, called the GRS (Gignet Reputation Score). This score is a testament to one's actions in doing the right thing, project results, and following the organization’s protocols. When disputes arise, our community leaders adjudicate, working towards resolutions and providing avenues to amend credibility scores through consensus or voting.




Why Work with Gignet?


Gignet for Freelancers


Gignet serves as your employer of record. We provide all your HR, benefits, back office, legal, and tax management functions. Since we are a non-profit cooperative aiming to maximize the benefits of our community members, we only charge very minimal fees to run our operations. We can provide services in 180 countries, allowing anyone to work anywhere around the world without legal restrictions.


Gignet for Employers


As employers, you can outsource all your non-core operations (HR, administrative, back-office, AP, AR, legal, and tax operations) to Gignet. Just imagine how much money you can save in these operations.




The Gignet Utility Coin (GIGD) DeFi


Investors: Earn 4% APR by staking your GIGD in our DeFi platform. If you are a freelancer, instead of withdrawing your GIGD, convert it to fiat, then deposit it in a bank (where it could only earn 1% per annum). Why not stake it in our DeFi platform and earn a 4% annual return instead? After all, you can use your Gignet Universal Card as a debit card to pay for anything. If you are an employer, by staking your annual labor operating expense budget in GIGD, your money can earn 4% per annum. Imagine that your annual labor cost is $400KUSD; by staking $10MUSD, your annual labor becomes null.


Borrowers: Depending on your reputation and track record, you can borrow up to 2x of your largest project earnings at a 1% interest rate per month, payable in 10 months. If you successfully completed a project worth $10KUSD or 10KGIGD, you can borrow up to $20KUSD or $10KGIGD and pay a monthly interest of 1% ($200) on top of the agreed principal payment. Two consignees are needed for approval. If the primary borrower defaults on payment, the consignees will absorb the payment responsibility. If the three parties fail to pay, they will be banned from the site and subjected to legal repercussions.


Join Gignet now, where freelancers thrive, employers are satisfied, and innovation knows no bound! 



We match Gig employeers and freelancers (we call Giggers).  Take the case of John and Jane below.  Gignet acts as a middleman between them to guarantee results and avoid frauds.  Since we use GIGD in our ecosystem, we protect both the employers and the giggers against any contentions.