Q&A
Frequently Asked Questions (Q and A)
1. How is Aladin different from traditional freelance platforms like Upwork or Fiverr?
While traditional platforms act as corporate middlemen who take a large cut of your earnings (often up to 20%), Aladin is a decentralized protocol. Think of it as public infrastructure rather than a private company. Our core differences are:
Guaranteed Payments: We use smart contract escrows, a type of digital referee, to ensure you get paid the moment work is approved.
User-Owned Reputation: Your reputation score (CVC) is an asset you own on the blockchain and can take anywhere. It's not trapped on our platform.
Lower Fees & Transparency: By removing the corporate middleman, we dramatically reduce fees.
Community-Led Justice: Disputes are resolved by a jury of experienced community members (Sultans), not a biased support team.
2. Do I need to understand blockchain or own cryptocurrency to use Aladin?
Not at all. Our goal is to make the benefits of blockchain accessible to everyone. While the underlying technology is powerful, the Aladin app is designed to be as intuitive and user-friendly as any Web2 application. For payments, we will offer flexible options, including traditional Fiat (like USD), so you can participate in the ecosystem without ever needing to buy crypto if you don't want to.
3. What is the main purpose of the $LAMP token?
The $LAMP token is the key to the ecosystem's trust features. Its primary purpose is to serve as a commitment in every contract. Both parties lock a small, agreed-upon value of $LAMP to show they are serious. This simple act dramatically increases accountability and reduces the risk of scams for everyone. Additionally, $LAMP is used for governance, staking rewards, and compensating community arbitrators (Sultans).
4. How do I get paid? Can I receive regular money like USD?
Yes. Aladin is designed for the real world. While the commitment to a contract is made using $LAMP, the final payment for the job can be arranged in the currency of your choice. This includes traditional Fiat currencies (like USD, VND...), stablecoins (like DJED, USDC ... ), ADA, LAMP, and Cardano's native tokens, or other cryptocurrencies (like BTC, ETH...), as long as both parties (Aladin and Genie) agree on the payment method. Our goal is to provide maximum flexibility to suit the needs of our global user base.
5. What happens if there is a dispute or the other party doesn't fulfill their part of the agreement?
This is where Aladin's "Sultanate Arbitration" system comes in, the Petition process. Instead of relying on a slow and potentially biased corporate support team, a dispute can be sent to a "Sultan Council." This is a randomly selected jury of experienced, high-reputation community members who have a vested interest in the platform's fairness. They review the evidence and vote on an outcome, ensuring a fast, transparent, and just resolution.
6. What is CVC and how is it different from a 5-star rating?
A 5-star rating is subjective and easily faked. CVC (Committed Value in the Contract) is a permanent, objective, and verifiable reputation score on the blockchain. It's a numerical representation of the total value of commitments you have successfully honored. A high CVC score is undeniable proof that you are a reliable and experienced participant, which is far more powerful than a simple star rating.
7. If my reputation (CVC) is based on the value of committed $LAMP, will my score go down if the token price drops?
Absolutely not. This is a critical design feature. Your reputation should never be a victim of market volatility. The CVC points you earn from a contract are calculated based on the stablecoin value (e.g., pegged to DJED) of the committed $LAMP at the moment the contract is created. This means a $100 commitment always adds the same value to your reputation, ensuring your hard-earned track record remains stable and trustworthy forever.
8. What are the fees on Aladin?
Aladin charges a simple, transparent fee on every contract to sustain the ecosystem. This consists of a small fixed fee (1 $LAMP) plus a variable fee of 1% on the value of the committed $LAMP from each party. For example, if both sides commit $20 worth of $LAMP, the total fee might only be a tiny fraction of what traditional platforms charge, with the majority of the value going directly to the users.
9. Why did Aladin choose to build on the Cardano blockchain?
We chose Cardano for three key reasons:
Security: Its eUTXO model is uniquely suited for secure financial transactions, which is essential for a platform handling payments and commitments.
Low & Predictable Fees: Cardano's fee structure is stable, ensuring that network costs don't unexpectedly eat into our users' earnings.
Scalability & Vision: With a clear roadmap that includes scaling solutions like Hydra and identity solutions like Atala PRISM, Cardano provides the long-term infrastructure needed to support a global, high-volume platform like Aladin.
10. What does it mean for Aladin to be a DAO in the future?
It means that eventually, the Aladin protocol will be fully owned and governed by its community—the people who use it every day. By holding $LAMP tokens, you will have the power to vote on the future of the platform, from new features to how the Treasury funds are used. Our goal is not to build a company; it's to build a self-sustaining public utility for the global workforce.
11. As a user, what specific cryptocurrencies do I need to post or accept jobs on the Aladin platform?
To fully utilize the trust and security features of the Aladin protocol, you will need two main tokens in your Cardano wallet:
LAMP: This is essential. The core function of Aladin is creating high-commitment agreements, and the commitment for every smart contract is made using LAMP.
ADA: As with any transaction on the Cardano blockchain, you will need a small amount of ADA in your wallet to pay for the network transaction fees. Think of this as the "postage stamp" required to send any transaction on the network.
12. Can I use the Aladin app if I don't own any cryptocurrency tokens?
Yes, absolutely. You can still use the Aladin app to find jobs or hire talent just like you would on a traditional platform. If both parties trust each other and agree to an off-chain payment method (like a bank transfer or PayPal), you can proceed without using a smart contract, and even without any fee (crazy, huh?).
However, in this case, Aladin's smart contract escrow will not secure your transaction, and the successful completion of the job will not contribute to building your on-chain CVC reputation score. Using $LAMP to secure your contracts is what unlocks the full power of Aladin's trustless environment. It is not much at all.
13. How can I buy $LAMP tokens with fiat currency (like USD, EUR, etc.)?
The process is straightforward and typically involves two steps:
Acquire ADA: First, you'll need to buy ADA, the native currency of the Cardano blockchain. You can easily purchase ADA with your local currency on many major exchanges that support P2P (Peer-to-Peer) trading, like Binance, or via credit/debit card on platforms like Coinbase or Kraken.
Swap for $LAMP: Once you have ADA in your personal Cardano wallet (like Lace, Eternl, or Yoroi), you can use a Decentralized Exchange (DEX) built on Cardano, such as Minswap or SundaeSwap. On these platforms, you can instantly and securely swap your ADA for $LAMP tokens directly within your wallet.
14. Are there ways to earn $LAMP tokens without buying them?
Yes, our goal is to distribute $LAMP to active and engaged community members. There will be several opportunities to earn tokens at different stages of the project:
ISPO (Initial Stake Pool Offering): For members of the Cardano community, you can delegate your existing ADA to some stake pools (like TIGER) during an ISPO event. By doing so, you will earn $LAMP tokens as part of your regular staking rewards, without ever giving up control of your ADA.
Bounty Programs & Community Campaigns: We will regularly launch bounty programs and marketing campaigns. By completing specific tasks—such as creating content, translating documents, finding bugs, or participating in community events—you can earn $LAMP tokens as a reward for your valuable contributions to the ecosystem. Keep an eye on our official channels for announcements
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