Frequently Asked Questions

1. What is Trust Ledger?

Trust Ledger is a decentralized freelancing platform built on blockchain technology. It enables freelancers and clients to connect, collaborate, and transact securely without intermediaries. The platform uses smart contracts to automate agreements, handle payments, and resolve disputes, while supporting payments in Ethereum (ETH) and Trust Ledger (TL) tokens.

2. How does Trust Ledger work?

Trust Ledger operates by utilizing smart contracts to enforce agreements between freelancers and clients. When a project is initiated, the agreed-upon terms are encoded in a smart contract. Funds are held in escrow until the client confirms that the work meets the specified criteria. The platform also features a decentralized dispute resolution system and a reputation system based on immutable on-chain data.

3. What are the benefits of using Trust Ledger?

• Security: Transactions and agreements are securely recorded on the blockchain, ensuring transparency and immutability.

• Lower Fees: Reduced fees compared to traditional freelancing platforms, particularly when using the TL token.

• Decentralized Governance: The platform is governed by a DAO where TL token holders can participate in decision-making.

• Escrow Protection: Funds are held in escrow until work is completed and approved.

• Transparent Reputation System: A verifiable and immutable reputation system based on blockchain records.

4. What is the TL token?

The TL token is the native cryptocurrency of the Trust Ledger platform. It is used for payments, governance, and staking within the platform. Token holders can participate in platform governance, vote on proposals, and earn rewards by engaging in platform activities.

5. How can I acquire TL tokens?

TL tokens can be acquired through various methods, including purchasing on supported exchanges, participating in token distribution events, or earning them through platform activities and staking.

6. How do I get started on Trust Ledger?

To get started, you need to create an account on the Trust Ledger platform. Once registered, you can set up your profile, list your services (if you’re a freelancer), or post job requirements (if you’re a client). You can then interact with other users, create projects, and make or receive payments.

7. How does the escrow system work?

When a project is initiated, the agreed-upon payment is held in escrow within a smart contract. The funds are only released to the freelancer once the client confirms that the work has been completed to their satisfaction. This system ensures that both parties adhere to the contract terms and reduces the risk of non-payment.

8. What happens if there is a dispute?

If a dispute arises, it is resolved through Trust Ledger’s decentralized dispute resolution system. Community members can participate in voting on the outcome by staking TL tokens. This ensures a fair and transparent process for resolving conflicts.

9. How does Trust Ledger protect user privacy?

Trust Ledger prioritizes user privacy by not collecting personal data or IP addresses. All interactions and transactions are recorded anonymously on the blockchain, maintaining user privacy and data security.

10. Is Trust Ledger available globally?

Yes, Trust Ledger is designed to be accessible globally. Freelancers and clients from around the world can use the platform to connect and transact, leveraging blockchain technology to facilitate international collaborations.

11. What are the future plans for Trust Ledger?

Future plans for Trust Ledger include expanding cross-chain functionality, enhancing platform features, and integrating advanced technologies such as AI and DeFi protocols. The platform aims to continually evolve based on user feedback and market trends.

12. How can I contact support?

For any inquiries or support requests, you can contact Trust Ledger’s support team. Our team is available to assist with any questions or issues you may encounter.