We build IoL: Internet Of Labor

The first usable service is already implemented in January 2017 on http://LabourTime.com.au technically, including mobile applications for iOS and Android. All participants and funders in the seed stage are fully satisfied, aims were reached.

Aims

Now we are expanding the team to:

create new global name for the service including domain names, design, processing power, international branches;

broaden the service to make it a global multilingual application based on the technical source of LabourTime.com.au;

create decentralised Investor's Sub-platform for real-time analysis of the money flow of the service, and possibility to sell/buy shares/stakes/equities of the company and dividends withdrawal;

broaden the service to include local currencies;

promote the new service in more states/countries;

optimise the system to increase loyalty and profit for each market segment;

setup the application to facilitate options to integrate an internal currency to blockchain platforms;

setup the application to facilitate options to set the internal currency to internet stocks.

We need financial support for our achievements and we are ready to guaranty for our investors and funders the following options

Round 1 (r1)

$1350K needed.
Shares: 66% of Round 1 turnover or 29% of company ownership.
Equity issue: 10,000 LTCR1 (LabourTime Contract of Round 1) = 29% of project/company ownership.
Initial price: $73 for one LTCR1.
Funding resources: Crowd funding, Private investment, Business Angels and Venture Capitals.

Stage 1 (r1s1)

• All investors and funders will have online access to Investor's Sub-platform where they can see real-time analysis of results, such as income, outcome, turnover, and profit.
• Investors with over $100K will have read-only access to an online project management system (i.e. trello.com or jira.com) where they can watch how the team members work: communication, management, execution and development processes.
• Investors with over $1000K will be able to audit the details of financial activities.
• Investors with over $3000K will have special conditions such as ability to participate in company management etc. that will be discussed privately

The Plan of Activities in Stage 1 at different funds/investment levels

$100K (r1s1a1)
Price: $97 for one LTCR1.
Within three months launch the system on the new global domain with development multilingual UI, different country currencies and facilitate option to internal currency.

$200K (r1s1a2)
Price: $125 for one LTCR1.
Within two months development and launch Investor's Sub-platform.

$500K (r1s1a3)
Price: $159 for one LTCR1.
- Open office and register a company. Agreements with staff.
- Organisation of 24/7 technical support and accounting.
- Choosing a blockchain platform to store Project Stakes and equities.
- Issue the LabourTime blockchain Tokens and integration with Investor's Sub-platform.
- Launch Token Crowdsale.

$800K (r1s1a4)
Price: $166 for one LTCR1.
Finding representatives and local language support in Europe, Turkey, UAE, Russia, China, India, Korea, South America.

$1000K (r1s1a5)
Price: $170 for one LTCR1.
Hiring Promotion Specialists and a Business Developer, also development of long-term promotion and business strategies.

$1350K (r1s1a6)
Start promotion and Stage 2.

The LTCR1 price may change after r1s3 according to evaluations in Investor's Sub-platform.

Stage 2 (r1s2)

Duration 1.5 year.

The Plan of Activities in Stage 2

r1s2a1
Producing video tutorials, user guides. Two months.

r1s2a2
Producing promotion media materials: texts, video, pictures. At the same time as r1s2a1.

r1s2a3
Advertising campaign in social media.

r1s2a4
Marketing campaigns according to strategies from r1s1a5. At the same time as r1s2a3.

Round 1 RoI ~ 700% (see Financial Plan for Round 1)

Round 2 (r2)

The basic aims in this round are

• extension: technical strengthening and distributing servers, staff;
• facilitate options to integrate the internal currency of the service with blockchain technology;
• facilitate options to launch into public coin markets;
• big promotion campaigns.

Detailed features of the round will be presented during implementation of r1s2.

Round 3 (r3)

IPO
Detailed features of the round will be presented after implementation of Round 2.

Financial plan for Round 1

Statistics

There are many statistic, analytics and articles in the Internet concerned to self-employment. For example,
http://data.worldbank.org/indicator/SL.EMP.SELF.ZS,
https://data.oecd.org/emp/self-employment-rate.htm,
https://www.bls.gov/spotlight/2016/self-employment-in-the-united-states/pdf/self-employment-in-the-united-states.pdf,
https://wol.iza.org/articles/self-employment-and-poverty-in-developing-countries/long,
http://www.reuters.com/article/britain-budget-selfemployed-idUSL5N1GL45S.

According to the data, approximately 20% of the population are self-employed and approximately 50% of the self-employed provide outdoor or call on services such as labourers in construction, removalists, truck drivers with their own trucks, plumbers, painters, carpenters, electricians, veterinarians, cleaners and many other kind of specialists. It is about 10% of the population, and our services are helpful for all of them.

Pessimistic evaluation

Based on the statistics we aim to reach at least 60,000 permanent/stable users globally within the first year after the Stage 1 funding. It is a very modest or pessimistic forecast. Optimistic forecast is over 1,000,000 users.

The service's financial transactions are integrated with VISA/MASTER payment system. The system is setup to facilitate options to charge the users with a daily service fee and/or charge the users with a percentage on the financial transaction. All options are flexible and can be changed and customised for each market segment.

The daily fee might be different for different countries because of different standard of living and worth of local currencies. So, for example, in the USA, Australia and Europe, a comfortable daily service fee for users may be $0.5, but for China it might only be $0.05.

The percentage charge on the financial transaction can be planned to be set at 2% from both sides of a deal: employer and worker. It will then be 4% from the cost of each deal. Of course, the hourly rates are different in different countries and for different specialisations.

Because of big entropy in Round 1 we will make a turnover calculation averagely and in this case the Annual Turnover can be calculated as:

T = (F_Day × 365 + H_D × D_W × R_H × W_Y × F_Deal × 2) × U_A ,

where
T – annual turnover,
F_Day – daily fee,
356 – amount of days in a year,
H_D – average working hours in a day in the application,
D_W – working days in a week,
R_H – average hourly rate,
W_Y – working weeks in a year,
F_Deal – deal fee from one side of the deal,
2 – sides of a deal (hirer and worker),
U_A – amount of users.

Let's calculate annual turnover in a pessimistic scenario and in minimum values for the countries:

H_D = 2 hour,
D_W = 5 days,
R_H = $4,
W_Y = 42 weeks,
U_A = 60,000.

and when F_Day = $0.2, F_Deal = 2%.

T = (0.2 × 365 + 2 × 5 × 4 × 42 × 0.02 × 2) × 60,000 = $8,412,000

Return Of Investment (R.O.I / RoI)

66% of the turnover will be spent to pay funders/investors of Round 1 within one month after the end of r1s2, redeeming LTCR1 back if they prefer.

Since the price is different at each level of Round 1, the earlier investors will get a higher R.O.I.:

During Round 1 all funders/investors will also be able to sell their LTCR1 or change to LabourTime blockchain tokens in Investor's Sub-platform.

Risk management

This is a part of the Investment Protection Plan.

The Plan of Activities in Stage 1 shows that we will not need to wait for all needed funds to continue the project. Instead it means that investors are able to participate in the investment step by step increasing their funding into the project during r1s1 when they see the implementation progress.

For instance, an investor wants to invest $200K in the project. Having invested $50K for r1s1a1 and being confident after r1s1a1 has been finished, the investor may put in an additional $50K in r1s1a2. After implementation of r1s1a2 the investor will have full access to Investor's Sub-platform, where the investor will be able to control these funds in the project online including resell his participation to others. In Investor's Sub-platform the investor will be able to make additional investment into the project.

Also, we might inform investors that the project needs to stop taking more funds when the needed fund is reached for the current round.

Investors take responsibility for the observance of the laws of their country with participation in online investing, token and LTCR1 crowdsale. Moreover, they guarantee that the invested funds belong to them personally.

We also use IPSO: Initial Project Stake Offering for Crawdfunding https://en.wikipedia.org/wiki/Draft:Initial_Project_Stake_Offering_(IPSO)

Manifest IPSO

0. A valid version must be created at the time of the IPSO announcement. It gives reality and confidence to investors.

1. Key developers should be the main cofounders of the project with the preservation of the exclusive copyright on the parts of the code written by them. This motivates the developers after the IPSO, and investors are assured that the system will be quickly improved and will have prompt technical support.

2. Tokens are not cryptocurrencies, and not currencies at all. This is the right to shares in the project, stored in the blockchain. Accordingly, it gives some rights to the holders of the tokens, for example dividends or some special access or privileges in the system. And storing tokens in the blockchain gives all the advantages of decentralization, security of storage and the transfer / sale of shares regardless of local regulations.

3. Jobs for which the crowdfunding is engaged should be divided into short chronological stages with the necessary financial resources for that particular work. And the funds from investors can come in separate shares for these stages consistently. This allows investors to monitor the execution of work step by step reducing the risk of loss.

4. Decentralized token crowdsale. This means that all project cofounders should participate in the sale of the tokens including the initial investors, and also those who entered the project through private, venture, online investments, token pre-sale, etc. That is, they must all go to token crowdsale with their tokens proportional to their shares in the project, and make an independent decision to sell or save their tokens during the process of Token crowdsale. This ensures the reliability of the project because tokens will not be concentrated to a single person.

5. The blockchain platform for the generation and storage of tokens should be selected by the majority of the project shareholders.

6. Token buyers and online investors take responsibility for the observance of the laws of their country with participation in online investing and token crowdsale. Moreover, they guarantee that the invested funds belong to them personally.

7. The registration data of the project domains should be open to Whois and owned by the founder or co-founder or company.

8. Investors should receive evidence of conducting transactions at the process of investment.

9. Providing project stakeholders with a transparent and detailed progress report at each stage.

Special info and offers

Crowdfunding and private investors

• Private investors, in addition, get scores in the service equal to the investment amount. The more scores, the higher rating in the service.

• Opportunity to be an investor without money. We offer $500 for one article or video in any language about this application and its investing program. The article must be accepted by us and published on at least 20 famous internet resources such as social networks, funding platforms etc. The amount will be put into your investment balance like a conventional investment in LTCR1. Contact us to get detailed conditions.

Share the opportunity with friends:

Companies and syndicates

• We are able to take investment from companies with our Authorised Corporate Representative, AFSL.

• We can setup your advertisement/link in the service. Contact us to get detailed conditions.

How to invest?

We accept BitCoin as well.