More About Coinvet

Better results than any headhunter or any other marketplace.

The New Jobs and
Gigs Marketplace

Coinvet is a better way to connect employers and clients
with the best professionals for your exact needs.

Coinvet's patent-pending system taps the collective wisdom of the crowd to find and recommend the best professionals for an employer or client's particular needs.

Okay, I'm intrigued.
But how exactly does this work?

Coinvet works for all jobs and gigs. You pay the professional using your normal payment system, likely in U.S. dollars. The magic lies in Coinvet's unique system of crowdsourcing the best professionals.

As part of a job or gig posting, the employer or client sets out a bounty as an incentive to the crowd to help find the best professional. Individuals apply for the job or gig and anyone can recommend an application, including a vouch payment in connection with a recommendation.

  •  The bounty provides an incentive to recommenders to alert qualified professionals in their networks about the job or gig posting and encourage them to apply, so that the recommenders can collect the bounty.
  •  Coinvet's patent-pending system also provides a vetting mechanism for the best applications to literally bubble to the top.
  •  The minimum bounty for a job or gig posting is 0.0025 BTC - currently $21.97. Higher bounties produce better results and more qualified candidates though.

Coinvet's system has the power to be a revolutionary leap forward in recruiting and hiring for jobs and for the gig economy

Information Week

How do recommenders receive the bounty?

Anybody can recommend any application

If the service condition is satisfied by the professional, then those recommenders who vouched for the professional's application will split the net bounty in proportion to their vouch payments. For jobs, the professional must be employed for at least 3 months, and for gigs the professional must receive a rating of 9/10 or more from the client on the gig.

  •  The minimum vouch payment that can be made by a recommender in connection with an application is 0.00001 BTC - currently $0.09.
  •  If a professional is hired but the service condition is not satisfied, recommenders who recommended the selected application will forfeit their vouch payments and the employer/client will forfeit the bounty. (Trust us though, we all benefit if the service condition is satisfied, and in the vast majority of cases, given the crowd-vetting that is done, professionals that are hired using our system will far exceed these service conditions).
  •  If the employer/client does not select an application for which one or more recommenders have submitted vouch payments, those vouch payments connected to an application that was not selected are returned in full to the recommenders.

What can Coinvet be used for?


Coinvet can be used for virtually any job or project when you truly want to hire the best professional for your specific needs. For example, if you want to build a house or do a major home renovation, simply set forth the exact details (providing as many specifics as possible) and let the applications come in (with recommenders vouching for the best applications, standing behind their recommendations with their wallets). Coinvet works for almost anything, from consulting gigs, to complex web development projects, to legal work, to full-time executive-level jobs.

Fees


Coinvet charges a 20% commission on bounties, so that recommenders split the remaining 80% of the bounty after the service condition is satisfied. Coinvet does not charge any other commission or fees. Coinvet charges nothing on the salary or fee paid from an employer or client to the professional. As a result, employers and clients generally pay considerably less for our service than they would pay using headhunters or other marketplaces. And employers and clients get far better results using Coinvet.

Because we use Coinbase wallets to disburse bounties and vouch payments (and encourage employer, clients, and recommenders to submit Bitcoin payments using Coinbase wallets), there are no fees for transferring Bitcoin.

Of course, while Coinvet bounties and vouch payments are made in Bitcoin, salary or gig fee payments from the employer or client to the professional can be made in U.S. dollars -- Coinvet does not handle or charge any commission from those payments

Why Is Coinvet Better?


  • The crowd amplifies your search to find professionals, so that professionals that you may never otherwise find (but who are highly-qualified for the job or project) are encouraged to apply by recommenders who want the bounty
  • The crowd stands behind the professionals they recommend with their wallets
  • You can see exactly which applications have received the most vouch payments, which allows you to tap into non-publicly available information about candidates to determine which applications are legitimately the best
  • The crowd is helping to find the exact professional to match the specifics of your job or project, rather than you undertaking some generic search or using a marketplace algorithm that cannot match the power of the crowd
  • The crowd does the hard work for you, even though you remain in complete control and can still interview and further vet professionals
  • The crowd's collective wisdom as to the best professional for a particular job or gig far exceeds that of any one website or headhunter
  • Our bounty program is like the traditional candidate referral bonus on steroids, both because it surfaces more and better candidates than such bonuses but also because it does the vetting and ranking of applications for you

About us

Coinvet is based out of 1776 in Washington, DC.

Neil Sandhu, our founder and CEO, is a computer programmer and graduate of the University of Virginia and University of Virginia School of Law.

Founder

Neil Sandhu

Want to learn more?