Dapp Spotlight: Decentralizing the Gig Economy With JumpTask
May 11, 2023
TL;DR
JumpTask is a global gig marketplace connecting 2M+ micro freelancers worldwide to earning opportunities they can access at any time.
With any desktop or mobile device, workers can get paid up to $100+ a month by completing microtasks, playing games, and even sharing internet bandwidth.
While transaction fees for traditional payment platforms like PayPal exceed $23 billion per year, JumpTask is using blockchain technology to reduce the costs that disproportionately affect freelancers.
With this partnership, anyone can now earn with JumpTask and then withdraw to Valora to hold, send, swap, or grow their savings.
Disclaimer: The following article is for informational purposes only. It should not be taken as an endorsement, investment, tax, financial, or other advice. The JumpTask is not built or maintained by Valora, nor does Valora receive any payment or other form of compensation from JumpTask. This article simply aims to provide an explanation of how many people around the world are using the Valora wallet to access and explore decentralized applications like JumpTask. As with any Web3 solution, you alone assume the sole responsibility of evaluating the merits and risks associated with using any third-party decentralized application.
What is JumpTask?
JumpTask is a global gig marketplace. They partner with brands and companies around the world to create unique offers that give workers interesting ways to earn additional income. With just a mobile device, more than two million micro-freelancers now use the JumpTask platform to earn up to $100 a month by completing micro tasks like surveys, games, or even sharing internet bandwidth.
While the transaction fee volume for using payment platforms like PayPal exceeds $23 billion per year, Web3 platforms like JumpTask are creating an alternative where workers and businesses can connect directly. This improves transparency for everyone and reduces costs like transaction fees that disproportionately affect freelancers. JumpTask is leveraging blockchain and smart contract technology to simplify the relationship between independent workers and businesses, making the gig economy more transparent and cost-efficient
Through decentralization, JumpTask is continuing to expand benefits to its community. As of April 2023, JumpToken holders can now seamlessly transfer $JMPT between BSC and other blockchains - including Polygon and Celo.
Focusing on Web3 partnerships is our key goal of 2023. Partnering with Valora is an exciting moment for JumpTask: platform earners now have a new way to use their $JMPT earnings via the Valora app. This will help establish JumpTask as a key player in the decentralized gig economy and enable seamless user experience cross-chain.
By joining the Celo ecosystem, JumpTask is expanding access to the gig economy, opening the doors for new types of microtasks on Valora, and giving their community new ways to save, send, and grow their earnings.
The gig [economy] is up - in fact, it’s skyrocketing
The projected gross volume of the gig economy is expected to reach 455.2 billion U.S. dollars in 2023; however, even as more people have been able to participate, unbanked communities have still been excluded.
Whereas the majority of gig workers rely on digital platforms for greater flexibility and access, most traditional payment providers still have geo-restrictions that limit a huge portion of the labor force living in emerging economies.
But now, Web3 solutions like JumpTask are able to provide a secure, transparent way for freelancers in emerging economies to receive payments - thereby giving over 300 million people the opportunity to join in, participate, earn, and grow the global gig economy.
How does this work?
In January 2022, JumpTask launched JumpToken ($JMPT) as a way to compensate platform users for completing tasks. The JumpTask project provides $JMPT tokens as a reward for performing small jobs for a variety of companies. Partners are required to buy and maintain a sizable $JMPT balance in order to continue listing tasks. Freelancers can make money through games, surveys, or other micro-tasks, then earn additional passive income through sharing internet bandwidth and staking JumpTokens.
On the JumpTask marketplace, anyone can:
Take surveys that are available in most countries around the world, with new surveys added daily.
Complete small tasks like testing games, reviewing apps, watching videos, and more.
Start staking and get rewards for simply investing in $JMPT - an easy way to earn passive income.
Share internet bandwidth with verified businesses through the Honeygain app.
Start earning anywhere, easily
Starting your journey in JumpTask only requires a few steps.
Connect your crypto wallet - (We recommend Valora)
Complete a task - (try a new app, play a game, or even just share mobile data to collect $JMPT)
Get paid - Instantly! You can withdraw your $JMPT anytime. It only takes seconds to transfer JumpTokens from your JumpTask account to your Valora wallet.
From the jump - It’s that simple.
Connect to JumpTask using Valora:
To enjoy all the features of JumpTask, you will first need to connect to Valora. If you haven’t already - you can download the Valora app from the Apple App store or Google Play store here. It only takes a few simple steps to set up your Valora wallet. Then:
Sign in here or use the code ‘HelloValora’ and get a 20% bonus after completing your first task in JumpTask!
On an Android device:
Visit the Valora dapps page from the top left drop-down menu.
Tap “JumpTask” to get started
From the JumpTask home page, tap on the burger menu in the top right corner
Select “Sign Up” to create your account
Tap “Connect Wallet”
Tap “WalletConnect,” then select Valora
Allow connection
Start exploring offers and collecting $JMPT
On an iOS device:
Select “Sign Up” and add your email to create your account
Tap “Connect with wallet”
Tap “WalletConnect,” then select Valora
Confirm connection in Valora
Return to your Google browser to start exploring offers and collecting $JMPT
On desktop:
From the JumpTask home page, tap on the burger menu in the top right corner
Select “Sign Up” to create your account
Tap “Connect Wallet”
Tap “WalletConnect,” then select Valora
Scan the QR code with your Valora wallet
Start exploring offers and collecting $JMPT
How to withdraw your JMPT to Valora
Your JMPT balance will grow with each task or survey you complete. When you’re ready to withdraw your JMPT tokens, your Valora wallet is the best place to save, send, stake, or swap, your JumpTokens to stable assets - giving you endless ways to keep growing your savings and build your crypto portfolio!
Learn how to withdraw and swap your JumpToken rewards here.
Jump into Web3
Offering crypto payments enables JumpTask to include the global workforce while significantly reducing transaction fees for both companies and freelancers. In doing so, they join a host of DeFi and ReFi applications available on Valora, unlocking financial opportunities for under-served communities around the world.
Join JumpTask and Valora as we take traditional financial payments to task with user-friendly Web3 solutions - all from your mobile device.
We have exciting updates coming soon! Follow @Valora and @JumpTask_app to keep up with special offers, giveaways, and more.
