Daily Progress Puts Moonlighting in the Spotlight Amid ICO Announcement
A Charlottesville-based company that’s seen growing success since it launched three years ago is preparing to equip its digital platform with its own Bitcoin-esque currency.
Founded in late 2014, Moonlighting operates as an online marketplace where users can seek out verified freelancers for a variety of services, from tasks as simple as dog walking or as technical as accounting. Originally conceived as a disrupter to LinkedIn, the mobile app now boasts more than 600,000 freelancers using the platform to “promote their skills, find new clients and get discovered,” according to founder Jeff Tennery.
“They can interact with new clients, send them proposals and get paid right from their mobile phone,” Tennery said. “The idea is that it’s a Swiss army knife for people who want to start their own business, entrepreneurs, or anyone just trying to make a little extra cash on the side.”
Sometimes called “Craigslist without the creepiness,” Moonlighting has expanded into a variety of regions and has partnered with three of the largest news media companies in the country to act as a “21st-century classifieds platform” for well-known newspapers and other online marketplaces, Tennery said. Now, they’re looking to throw their hat into the booming, albeit cryptic, arena of cryptocurrency.
Moonlighting is planning an initial coin offering for its own token, dubbed Moonbit. The launch will make Moonlighting the first freelance marketplace to incorporate a form of blockchain technology into its platform.
Blockchain technology is a relatively new concept. Conceptualized in 2008 by an anonymous person or group known as Satoshi Nakamoto, the technology was implemented in early 2009 with the inaugural mining of the first 50 bitcoins.