Coins4Favors is the global marketplace and platform app for users to search and offer small mini-job services („favors“). It is driven by combining a location based smartphone app with blockchain technology to allow an instant and secure payment method through its unique ERC20 based token: The FavorCoins.
The Coins4Favors ERC20-token FavorCoin offers many benefits – both for our contributors and for users not participating in the crowdsale.FavorCoin is the ERC-20 based token used on the Coins4Favors platform. It powers the global service market for mini-jobs created by our network. The actual compensation between favor-customer and favorcontractor is directly handled on the Ethereum based blockchain. The service payments run as smart contracts.Coins4Favors will administrate the smart contracts, effectively making the system a blockchain based trading platform.