LaborX
LaborX is a blockchain-based freelancing and job marketplace connecting Web3 and crypto employers with freelancers and full-time candidates, settling payments in cryptocurrency across Ethereum, BNB Chain, TRON, and Polygon via smart contract escrow, operating as part of the Chrono.tech ecosystem.
- Company typePrivate
- Founded2020
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What LaborX does
LaborX is a blockchain-based freelancing and job marketplace that connects Web3 and cryptocurrency employers with freelancers and full-time candidates. The platform supports cryptocurrency payments across Ethereum, BNB Chain, TRON, and Polygon networks, and uses smart contract-based escrow to lock funds at contract signing and release them upon work acceptance. Differentiated features include a Job Mining mechanism that converts platform fees into TIME tokens distributed among freelancers, customers, and stakeholders; a reputation module with weighted algorithmic scoring across experience, education, and reviews; and Premium membership offering fee-free usage and TIME token rebates that can reduce effective freelancer commissions to as low as 5%.
The platform operates on a transactional take-rate model, charging a 10% commission to freelancers and 0% to customers, supplemented by Premium subscription benefits (fee-free usage, increased Job Mining payments, and TIME token bonuses) accessed through TIME token staking. LaborX is part of the broader Chrono.tech ecosystem, alongside TimeX (a Plasma-based exchange), PaymentX (automated crypto payroll), AUDT (Australian-dollar stablecoin), and TimeWarp (TIME token staking). Marquee employers posting on the platform include Binance, Crypto.com, OKX, Genesis Global Trading, Dfinity, Uniswap Labs, MachineFi Lab (IoTeX), Oasis Protocol Foundation, and Limitbreak. The platform serves clients and freelancers in over 100 countries via web and dedicated iOS/Android mobile apps.
The company is privately held and domiciled as LaborX PTY LTD in Australia, with Sergei Sergienko as CEO. It operates as a subsidiary within the Chrono.tech ecosystem and does not publicly disclose revenue or funding. Recent strategic activity includes the June 2024 launch of the Base Incubator by LaborX (targeting the Base/Coinbase L2 ecosystem), partnership with Crypto Gaming United, and registered trademarks in the United States (Reg. No. 6,098,830) and Australia (Trade Mark 1960088). Customer ratings of 4.69/5 (Solidity) and 4.57/5 (Blockchain & Crypto) indicate established trust within the Web3 hiring niche, though the platform's overall scale and monetization remain modest relative to mainstream freelancing platforms.
LaborX firmographics
Firmographics- Name
- LaborX
- Legal name
- LaborX PTY LTD
- Website
- https://laborx.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LaborX is a blockchain-based freelancing and job marketplace connecting Web3 and crypto employers with freelancers and full-time candidates, settling payments in cryptocurrency across Ethereum, BNB Chain, TRON, and Polygon via smart contract escrow, operating as part of the Chrono.tech ecosystem.
- Ownership category
- akta.pro rank
LaborX industry classification
Industry- Product category
- Freelance Marketplace Software
- NAICS
- Employment Placement Agencies (561311), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Employment Agencies (7361), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Payroll & Contractor Payments (Crypto) (FSADAIAH)
- akta.pro secondary industries
- Contractor / Freelancer Payments (FSAMAKAC), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE)
Keywords
Where LaborX is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
LaborX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Platform Commissions: LaborX charges commissions on completed freelance jobs and gigs. Standard rate is 10% for freelancers, 0% for customers. Premium members receive fee-free usage and TIME token rebates of up to 50% of fees, reducing effective freelancer fees to as low as 5%.
- Premium Membership: TIME token staking program offering fee-free platform usage, increased Job Mining payments, and additional benefits. Premium members receive TIME token bonuses on payments made to freelancers.
- TIME Token Ecosystem: Platform's native token (TIME) is used for Job Mining distribution, Premium membership access, and TimeWarp staking rewards. Fees collected are used to buy TIME on open market.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Freelancer Plan - 10% commission on completed work |
| Transaction based/ take rate | Pay-as-you-go | Customer Plan - 0% commission on payments |
| Subscription | Monthly | Premium Membership - TIME token-based benefits |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
LaborX product offering
Product offeringCore offering
LaborX is a blockchain-based two-sided freelancing and job marketplace that connects Web3 and crypto freelancers with employers for project-based gigs, freelance jobs, and full-time vacancies. The platform settles payments in cryptocurrency using smart contract-based escrow across Ethereum, BNB Chain, TRON, and Polygon, and operates within the Chrono.tech ecosystem alongside PaymentX, TimeX, AUDT, and TimeWarp.
Product overview
LaborX is a Web3 and blockchain-focused job marketplace — a platform that matches freelancers and full-time candidates with crypto, DeFi, smart contract, and general tech roles, settling payments in cryptocurrency. It is built within the Chrono.tech ecosystem and functions alongside four related offerings: PaymentX (automated crypto payroll), TimeX (a Plasma-based exchange), AUDT (an Australian-dollar stablecoin used for platform settlements), and TimeWarp (a TIME token staking programme). Together, these products form a broader crypto-native employment and financial-services suite.
Differentiator
Problem solved
Functional benefit
Brands
- TimeX: Plasma-based exchange within the Chrono.tech ecosystem
- PaymentX
- AUDT
- TimeWarp
Products and services
- LaborX Platform Blockchain-based two-sided marketplace connecting Web3 and crypto freelancers with employers for freelance jobs, gigs, and full-time vacancies, with smart contract escrow, reputation scoring, and multi-chain crypto payments.
- PaymentX Automated cryptocurrency payroll solution within the Chrono.tech ecosystem, enabling employers to pay freelancers and employees in crypto directly from the platform.
- TimeX Plasma-based decentralized exchange operated within the Chrono.tech ecosystem, supporting trading of TIME and other tokens.
- AUDT Stablecoin linked to the Australian dollar, used for payments and settlements on the LaborX platform and within the Chrono.tech ecosystem.
- TimeWarp Staking programme for TIME, the native token of the Chrono.tech ecosystem, where TIME tokens from Job Mining can be staked for rewards and used to acquire LaborX Premium membership.
Quantifiable outcome
- Commissions as low as 10% for freelancers (vs 20% on popular alternatives)
- +2 more outcomes
Companies that use LaborX
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles2 records
LaborX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
LaborX partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Base Incubator by LaborXminorIncubator program fostering growth and innovation within the Base (Coinbase L2) ecosystem. Launched June 2024 as part of LaborX's ecosystem expansion.
- Chrono.techcoreParent company of LaborX. LaborX is part of Chrono.tech's suite of blockchain-based products and services. TIME is the native token of the Chrono.tech ecosystem, used for Job Mining and TimeWarp staking. Powered by Chrono.tech.
- EmbacyminorDesign agency credited with website design for LaborX platform.
- Crypto Gaming United (CGU)minorGaming guild fits into Chrono.tech's suite of blockchain-based products, bringing network effect, liquidity, utility and users to the ecosystem.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
LaborX competitors and assessment
Company assessmentBroad incumbents
- Upwork: Large incumbent freelancing platform serving a broad range of categories. Comparable because it has added crypto payment rails and competes for the same freelance hiring budgets; however, its Web3 depth is shallower than LaborX's specialization.
- Toptal: Vetted freelancer marketplace for top-tier technology talent. Comparable business model (curated marketplace, premium positioning) and overlap with LaborX's higher-end freelance segment, though Toptal is broader in scope and far larger.
- Freelancer.com: Global freelance marketplace covering hundreds of skill categories. Comparable as a generalist two-sided freelance platform competing for the same hiring budget, though it lacks LaborX's Web3 specialization and crypto-native payment infrastructure.
Direct peers
- CryptoJobsList: Web3-focused job board and talent marketplace covering crypto, DeFi, and blockchain roles. Directly comparable as a destination for crypto-native employers and job seekers, with overlap in target customer base and category focus.
- Web3 Jobs: Specialized job board for Web3, blockchain, and crypto roles operated by crypto-native teams. Highly comparable to LaborX's full-time vacancy business and serves the same candidate pool of blockchain developers and product talent.
- DeWork: Web3-native task and bounty marketplace using tokenized reputation and on-chain coordination. Directly comparable in its blockchain-based task marketplace model and Web3 employer/freelancer audience overlap.
- Coinfreelancer: Crypto-denominated freelancing marketplace focused on blockchain and software freelancers paid in digital assets. Directly comparable in its crypto-payment freelancer model and audience overlap with LaborX's niche.
Emerging players
- Braintrust: Decentralized talent network built on blockchain rails with token-based incentives for clients and freelancers. Comparable in its decentralized marketplace ethos, crypto payments, and target audience of remote technical talent.
- Gitcoin: Web3 platform for bounties, grants, and talent matching across open-source and crypto projects. Partial overlap with LaborX on freelancer/employer matching for Web3, but more oriented to bounties and grants than ongoing engagements.
Regional players
- Crypto Recruit: Specialist recruitment firm focused on crypto, blockchain, and Web3 hiring. Comparable in its dedicated crypto/blockchain talent focus, though positioned as a recruitment agency rather than a self-serve marketplace like LaborX.
Market position
Strengths2 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
LaborX social profiles
Digital presenceLaborX financial estimates
Financial estimateRevenue estimate
Valuation estimate
LaborX leadership team
Management profileNumber of profiles
Profiles1 record
LaborX funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LaborX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LaborX
What does LaborX do?
LaborX is a blockchain-based two-sided freelancing and job marketplace that connects Web3 and crypto freelancers with employers for project-based gigs, freelance jobs, and full-time vacancies. The platform settles payments in cryptocurrency using smart contract-based escrow across Ethereum, BNB Chain, TRON, and Polygon, and operates within the Chrono.tech ecosystem alongside PaymentX, TimeX, AUDT, and TimeWarp.
Is LaborX a public or private company?
LaborX is a private company. It is classified as corporate owned and is currently operating.
When was LaborX founded?
LaborX was founded in 2020. It employs 11 to 50 people.
Where is LaborX based?
LaborX is headquartered in Sydney, Australia, in the Oceania region.
How does LaborX make money?
Three revenue lines are on record. Platform Commissions are the primary driver. The others are premium Membership and TIME Token Ecosystem.
Who are LaborX's main competitors?
Broad incumbents on record are Upwork, Toptal and Freelancer.com. Direct peers are CryptoJobsList, Web3 Jobs, DeWork and Coinfreelancer. Emerging players are Braintrust and Gitcoin. Crypto Recruit is listed as a regional player.
Does LaborX have an API?
No public API is recorded for LaborX.
What industry is LaborX in?
LaborX's product category is Freelance Marketplace Software. Its primary akta.pro industry code is FSADAIAH, Payroll & Contractor Payments (Crypto), with a secondary code of FSAMAKAC, Contractor / Freelancer Payments. Its NAICS code is 561311 and its SIC code is 7361.