Recently, the CEO of Electroneum was interviewed at the CryptoCompare Digital Asset Summit. The entire interview was riddled with quotables and gems, but one revalation stood out and is not to be overlooked.

What Is Gig.Guru?

To understand the gravity of this big reveal, you must first understand what Gig.Guru is. It is a website similar to Fiverr.com where users can post and buy digital jobs called gigs. The team hope to enable unbanked people to participate in the global economy through this site. Unlike Fiverr and all other competitors, Gig.Guru will have zero fees. The money paid for a job will go straight to the worker.

Currently, Fiverr charges $1 for every job sold up to $20 in cost and 5% of the job's price when above $20. It simply cannot compare to Gig.Guru.

Workers on Gig.Guru will be paid in ETN. Here is where many skeptics arose and criticized the project. They claimed it was silly to expect someone new to crypto to buy ETN on an exchange, send it to Gig.Guru, and pay for a Gig with it. Is that what the Electroneum team had in mind?

Seamless Transactions

Richard Ells revealed that Gig.Guru will accept credit and debit card transactions as payment which will be paid to the end user in ETN. There will be no need to purchase ETN to buy a gig. The interested simply buy it as they would buy any other item online. Gig.Guru WILL bridge the unbanked and banked worlds.

Richard Ells revealed that Gig.Guru will accept credit and debit card transactions as payment which will be paid to the end user in ETN

As for the price of ETN, it is impossible to predict what the number will be. Despite this fact, I will disclose some promising figures.

Fiverr, Gig.Guru's main competitor, sell a gig every 4 seconds according to their site. If each gig is priced at $5, $108,000 pass through Fiverr daily. If Gig.Guru takes only 25% of this figure, it would see $27,000 daily. That does not sound extremely impressive until you realize at $0.005, this daily amount would devour 5.4 million ETN (the current daily block reward amount) and pump those coins into an ecosystem where they are used to buy goods and services, not sold on an exchange.

Will Gig.Guru take 25%, or more of Fiverrs revenue? I will leave you with this question: Would you prefer that I give you $4 or $5?

If Gig.Guru takes only 25% of this figure, it would see $27,000 daily. That does not sound extremely impressive until you realize at $0.005, this daily amount would devour 5.4 million ETN