Alpha Market Meets High Demand for Fintech Freelancers

DeFi, Blockchain and Cryptocurrency companies enjoy a pool of fintech savvy professionals in open gig marketplace.

Alpha Market 

With fintech and defi industries evolving at a breathtaking pace, it takes a certain kind of freelancer to provide services to tech startups so they can reach their next level of growth. Decentralized Finance companies (or “DeFi”) need the right kind of help to gain an edge in the rapidly expanding market. Turning to big, centralized platforms like Upwork and Fiverr to find gig workers takes too much time and energy. Not to mention money. On top of that, the sheer number of freelancers on these sites makes it very challenging to weed out the people who have real experience and knowledge about fintech. Who has time to bring someone up to speed on fintech, crypto, and defi (and where would you even begin)? Companies need fintech-savvy freelancers who can hop on board and get the job done.

Long time crypto / fintech influencer and Co-Founder of Alpha Market, @BullyEsq, told said that “Over the last few years, freelancing has become more prevalent, but COVID-19 opened the floodgates on gig work. And as crypto / fintech vets, we were constantly hearing about projects struggling to find talent with expertise in the vertical. So we launched Alpha Market earlier this year to seamlessly bring together freelancers and crypto / fintech projects.” – Co-Founder of Alpha Market and leading crypto and fintech influencer @BullyEsq

Alpha Market provides the fintech expertise needed by tech startups in an intuitive way. It takes the best of sites like Upwork and Fiverr and removes the headaches to create a vertical online marketplace. With its open and streamlined gig-client interface, people want to come to find work at Alpha Market and companies can easily access the services they need to reach their “Alpha” and gain an edge up on their competitors.

As a freelancer site dedicated to the world of fintech, Alpha Market enables freelancers from anywhere in the world to list their services for free, while employers can browse for no charge and hire without any finder’s fee whatsoever. 

DeFi’s impact in 2020

Make no mistake, defi’s competitive environment has intensified in 2020. People all over the globe are now keenly aware of the delicacy of our propped up markets. All eyes have been on developing the open and transparent money systems that make up defi. The industry thrives on open source technologies so that each new piece of fintech infrastructure is a springboard for other startups to use freely – a system that accelerates growth and innovation. 

how much value is in defi applications, as related to defi fintech freelancer jobs
The amount of money locked up in defi applications has skyrocketed in 2020 – DeFi Pulse

Through algorithms and blockchain technology, defi companies use game theory, automated consensus mechanisms, and incentivization models to create dynamic ecosystems where all participants benefit, and not just a few. As a defi-focused freelancer marketplace, Alpha Market naturally aligns with these technologies by creating an open atmosphere where what benefits the freelancer and the company also benefits the entire ecosystem.

Finding the fintech freelancers you need

Competing in the fast expanding defi and fintech space requires quick, decisive action, frequent pivots and freelancers that know what they’re doing. A startup needing a logo design may go to Upwork, experience the lagginess of the site and the slow notification system, place a job bid, get hundreds of proposals (some valid, some complete crap), choose one and hope for the best. 

On the other end, a freelancer in Upwork must pay to apply for gigs, and must fork over 20% of their earnings with each client until they’ve earned $500. After that, fees do switch to 10% for that client but many freelance gigs are one offs, such as homepage web design or a video editing gig. Freelancers are generally not trying to find one full-time gig with one client – that is one of the reasons they have an edge that is valuable to companies – they are highly adaptable and fast learning. So the 10% does not come into play nearly as much as the hefty 20% cut. When you add self employment taxes you might be losing close to half your income in this type of system!

Low fees at Alpha Market tell only half the story

Alpha Market’s fees are roughly half of what the big platforms charge. But that is not even the biggest benefit. The site itself is intuitive, simple yet elegant, and creates a positive work environment. One that specialized in quick discovery, easy, secure, and quick payments, and no bullshit. If you’ve never used Upwork and wonder what kind of bs you might encounter there, here is just one example of a monopolized freelancer site out of control:

During messages between a client and prospective freelancers, if you give a Google doc link (i.e. for a content portfolio or a file to be edited) or any contact information, Upwork’s algorithm will sense you are trying to break from the platform’s rules against taking work outside of Upwork. This is because there are at least 7 numbers stringed together in the Google Link or Telegram address, for instance. You receive a bright yellow highlight of the ‘suspicious” set of numbers. You’ll also get a push reminder that if you take work off of the platform with a client you met on the platform, you will still owe 20% of all earnings from the client (off platform) for two years since the day you first met them on Upwork. Imagine the gall.

The real kicker is that Upwork’s site and messaging notifications are super slow and glitchy. The video chat rarely works, and so you’re flagged and inundated with annoying big brother messages during your subpar quality communications with prospective clients on their site.

This is only one small instance of a platform-centric freelancer platform that has gotten so big and convoluted that the act of finding work or freelancers becomes time consuming, cost-inefficient, and annoying. Not exactly the best environment for creativity and productivity. 

Client-centric equals freelancer-centric with Alpha Market

Alpha Market’s unique and streamlined design is client centric, which in turns makes it freelancer-centric. It attracts fintech projects by providing an open interface that clearly displays fintech freelancers and the gigs they offer. It keeps companies coming back with free and easy access to service providers, plus zero gigworker finder fees and a readied fintech-savvy pool of freelancers. Because of all this, freelancers now have a platform to advertise their services for free while accessing ready-to-hire fintech projects. By focusing on making it quick, easy and inexpensive for fintech startups to find gig workers, they’ve also created an optimal place for a freelancer to advertise their wares.

Alpha Market fees breakdown:

  • Zero fees to list your services (multiple gigs are allowed for each freelancer).
  • 10% fee is drawn from gig price after completion once both parties have agreed that the job is done and the escrow is released.
  • Zero fees to browse Help Wanted listings (in Upwork and Fivver, you can’t browse clients without a job bid).
  • Zero fees or restrictions to contact prospective clients and freelancers (communications are restricted on big freelancer platforms).
Alpha Market fintech freelancer platform logo

With no fees to join and create a listing, and with an open marketplace for fintech freelancers, Alpha market has created an engaging place for defi and crypto startups to find the people they need to help them reach their Alpha. 

Early traction

It was once easy to get a profile up and running on Upwork. Now, many freelancers are turned away because of a glut of gig workers in their niche. Recently two highly qualified professionals were turned away by Upwork. One was a marketer with a master’s degree in marketing with a concentration on fintech. The other is a writer currently working on their PhD. and has had over a hundred articles published on blockchain technology. Neither could get a profile approved on Upwork due to an excessive number of freelancers on the platform.

Those who were lucky enough to get their profile on Upwork and Fiverr early on (years ago) now enjoy long-term algorithmic love, just from being there so long. And while these places do allow for freelancers to find clients and get work, it’s extremely difficult to gain traction when there are already millions of other freelancers already established on the site (12m on Upwork).

Defi and fintech are still relatively new markets and are also on fast growth trajectories. Listing your services with Alpha Market’s fintech freelancer site now will grant freelancers that early mover advantage and a positive long term outlook for high quality fintech jobs. 

Alpha Market – Quick Highlights

  • Free to post listings
  • Freelancers only pay if they get a job (10% fee of total amount collected)
  • Companies do not pay for browsing gigs or hiring fees (on Fiverr and Upwork, Client is charged hiring fees)
  • Communications between freelancers and clients are easy and optimized
  • Platform founders actively monitor for scam listings
  • Payment process is slick – an escrow is set up for each gig. When both client and freelancer agree the job is complete, money is issued IMMEDIATELY (no 2-week wait like on Upwork).

The mass move to online work

Since February of 2020, the massive move to working from home has ingrained in everybody a few simple truths:

  • Many people are happier working from home.
  • It’s less stressful and saves money when they don’t have to commute.
  • Companies can save on overhead costs when employees work from home.

Workers, whether they liked it or not, got a taste for working from home during the COVID-19 lockdowns. Many don’t want to go back to the office at all. 

68% of Americans who’ve been furloughed or laid-off since March find themselves saying to friends, family, and coworkers that they would rather opt to sit on the sidelines than go back to work, and it’s causing fear and anxiety for employers across the states.” – Bonney Staffing

Gig work has already been exploding in the last few years, with a 2017 report estimating 55 million gig workers in the US alone. This represented almost a third of all American workers with 2020 projections calling for 43% of US workers to have gig work.

comfy home office for fintech freelancers

Between the explosion of open finance, the weakening global economy, and pandemic-induced lockdowns, people are moving en masse to work from home. They are also quickly discovering the benefits of freelancing, from making their own hours to doing work that they love to do. Alpha Market is at the edge of this enormous shift, providing a place for qualified fintech freelancers and fast moving defi startups a place to meet and work together. 

Conclusion

If you’re a fintech freelancer working at Upwork or Fiverr, Alpha Market will feel like a breath of fresh air. The simple yet elegant and streamlined marketplace allows fintech freelancers to market their services in an open, quiet, enriching work environment. If you’re a defi startup or fintech company, coming to Alpha Market will ensure you have a pool of talent that is ready to help you bring your company to the next level

Visit Alpha Market’s fintech freelancer platform: https://twitter.com/AlphaMarketIO 

Follow them on Twitter: https://twitter.com/AlphaMarketIO 

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