Universally Applicable Blockchain Startup Receives Huge Response During PreSale Offers

The universal application of alternative payment platform CanYa seems to be playing a huge part in the warm reception that it is receiving in both online and offline communities.

In a just concluded pre-sale, the blockchain startup raised a total of 4530ETH, equivalent to $1.6 million as at the time of writing. This development appears to be influencing the plans of CanYa going forward, as the startup promises to keep the offering limited and exclusive, in order to avoid an overwhelmed platform where value stability will be difficult to achieve.

Expansion continues

CanYa has continued in the expansion of its ecosystem by engaging in more partnerships in the form of Indorse and Ties.

Indorse is a decentralised professional social network that leverages ethereum technology to allow users to retain, control and monetise their own data if they want. Indorse is currently building an anonymous indorsement protocol that allows users to make claims about their skills, and be ‘indorsed‘ or verified by other platform members.

Ties.db is a public low-latency, low-cost, decentralised NoSQL database with replicable storage from nodes. This is an extremely promising technology that will allow users around the world to use spare capacity to earn by storing Ties data.

There is even more ahead

These continued expansion measures are expected to increase the number of its currently estimated 34 million gig economy workers by 43% in 2020. However, the steady rise in the number of digital nomads, i.e. workers who complete their work via technology, without a company office, has led many to question where online marketplaces can go from here, even as local freelancing has skyrocketed as well.

For John-Paul Thorbjornsen, Co-Founder of CanYa, the versatility and universal application of CanYaCoin will further empower individuals by providing a single international cryptocurrency that can be used for services throughout the world.

“It is completely decentralised. By pairing our platform with cryptocurrencies, and blockchain technology, it means that we can shift the entire platform into something that’s decentralised, and trustless,” says Thorbjornsen.

Cost reduction and security

By implementing blockchain technology, CanYa provides a decentralised peer-to-peer platform that will permit direct interaction between product owners and service providers with clients and customers. This eliminates the need for intermediaries and any form of middlemen, thereby eliminating any extra costs of doing business and subsequently driving down price for buyers while improving revenue for freelancers.

The platform also exploits the high security characteristic of blockchain technology by enabling an escrow system. This service makes it helps in protecting individuals from being short-changed on products or services that they pay for. In executing a smart contract on the CanYa platform, funds are held in CanYa Coins - the platform-specific ERC20 token where both buyer and seller are assured of contract completion.