The Advantages of The Surety

The Advantages of The Surety

The Surety is our new marketplace connecting employers with the best applicants and clients with the best freelancers. Unlike traditional marketplaces, where individuals may look good but it is difficult, if not impossible, to separate the best applicants from those that merely look good, The Surety’s patent-pending system results in employers truly finding the best employees and clients truly finding the best freelancers and other gig workers.

The Surety uses a system whereby anybody in the public can recommend any applicant for a job or gig and include a surety payment together with their recommendation – the surety payment is in Bitcoin and can be very small – as low as 0.0001 BTC (currently roughly around $0.70). In return for the surety payment, if the individual who is recommended is selected for the job or gig and performs satisfactorily or better, the recommender will receive a share of the bounty. The bounty is also in bitcoin and is set by the job or gig poster – the minimum bounty for a job or gig is 0.01 BTC (roughly $70 with BTC around $7,000). That’s all there is to it – rather than exorbitant commissions and an inefficient marketplace, The Surety’s system utilizes flexible one-time bounties as inducement to the crowd to help the employer or client find the best professionals.

The crowd can earn substantial bounty rewards, and all the hard work in finding and separating out the best applicants is done by the crowd for employers and clients. Not only that, but The Surety’s system encourages the crowd to tap their networks to encourage the best professionals to apply, due to their own self-motivation to receive the bounty. As a result, the best employees and contractors out of all possible candidates are surfaced by the system, many of whom would never even apply with any other marketplace or if a headhunter was used. Everybody wins. We truly think we have cracked the code and finally created a more efficient marketplace for professional services.

Check out The Surety. Post a job or gig together with a bounty payment of 0.01 BTC or more – the higher the bounty, the greater the inducement to the crowd to find the best professionals and, as a result, the better the applicants that you are likely to receive. Feel free to reach out to us with any questions at hello@thesurety.com.

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