DAREN Launches KEY Feature: Unlocking a New Era in Web3 Freelancing

4 min readJul 25, 2024

The world of freelancing is evolving, and DAREN Market is leading this transformation. Launched by the renowned HashKey Incubator in February 2024, DAREN Market has revolutionized how Web3 freelancers connect, collaborate, and transact.

With over 1.1 million registered users and more than 7,900 completed orders, the platform has helped numerous Web3 professionals earn their first non-investment income. But this is just the beginning.

Introducing KEY: The New Era of Talent Tokenization

Now, DAREN Market is launching its most groundbreaking feature yet — the talent asset KEY. This innovative function redefines how creators and entrepreneurs interact with their fans or clients. By tokenizing skills, KEY enables deeper connections ranging from consulting services to custom development, design, and marketing solutions. KEY is not just a feature; it is a visionary step towards becoming the ultimate Web3 freelancing platform. And it’s premiering on BNB Chain!

Why Choose DAREN KEY?

- Fair Launch: Each KEY starts at $1, ensuring equal entry for all participants.
- Bonding Curve Pricing: Prices change dynamically, with full audits and a locked liquidity pool ensuring seamless transactions.**Engaging and Rewarding Transactions:
- Holder’s Prize Pool: 5% of each transaction goes into the holder’s prize pool, providing 72 hours draw opportunities for holders.
- Creator Rewards: 2.5% of the transaction fee goes directly to the creator, with 0.5% as a referral reward.
- Platform Sustainability: Another 2.5% supports the platform’s ongoing development and operations.

Advantages Over Web2 Freelancing Platforms

Compared to traditional Web2 freelancing platforms, DAREN Market offers superior incentives.

Creators not only earn from KEY redemptions but also gain a share of asset trading revenue. This mechanism encourages creators to expand their influence, attract more fans, and boost overall platform activity.

Ordinary users or fans also benefit from the Holder’s prize pool, gaining more engagement and tangible rewards.

DAREN KEY vs. Friend Tech

DAREN’s KEY feature shares some similarities with last year’s hit, Friend Tech. Friend Tech emerged in the latter half of last year, leading a wave of social trends. Both social financialization and financial socialization have their pros and cons:

- Friend Tech’s Social Financialization: Applications like Friend Tech attract participants through Ponzi-like mechanisms, offering rapid profit potential. However, excessive financial activities can lead to investment bubbles and unsustainability when user growth slows, limited by the Ponzi model itself.

- DAREN KEY: By tying services to talent, KEY effectively addresses these issues. It provides real value by tokenizing skills and services, avoiding the instability caused by purely financial activities. The actual services and abilities of creators form the core value of KEY, ensuring a healthier and more sustainable ecosystem.

Maximizing Your KEY Experience

Researching Creators:

Before diving into the KEY ecosystem, evaluating potential service providers is crucial. Here’s how to make informed decisions:

-Industry Experience: Check the creator’s or team’s experience and achievements in their field. Reliable experience is often a strong indicator of high quality.
- Unique Skills and Market Demand: Assess whether the creator offers skills that meet current market needs.
- Active Social Media: A vibrant social media presence often reflects a committed and engaged community.

Profiting from KEY:

For Investors:
- Service Redemption: Use your KEY to access premium services from top creators, including VIP consultations and custom solutions.
- Investment Returns: Profit by selling KEY when demand increases.
- Daily Prize Draws: Every 72 hours, KEY holders have a chance to win 40% of the prize pool.

- Growing Prize Pool: Each transaction increases the prize pool, enhancing potential rewards.
- Initiator Rewards: The first three participants in each draw round receive an additional 2% of the total prize pool.

For Creators:
- Providing Services: Exchange your services for KEY, turning your expertise into tangible value.
- Referral Rewards: Earn 0.5% of the transaction fee for every successful referral.
- Transaction Fee Income: Gain 2.5% of the KEY transaction fee for each completed transaction.

Conclusion

DAREN Market’s KEY is not just an innovation; it’s a revolution in the freelancing market. By tokenizing skills and enabling secure, transparent transactions, DAREN Market empowers both creators and clients. Whether you’re a Web3 professional looking to monetize your skills or an investor seeking new opportunities, KEY offers a promising future.