SQUID is an expansion on the highly successful fivesquid platform, an international marketplace for freelancers. Platforms such as fivesquid are becoming the basis of international trade for large populations. SQUID seeks to provide the fivesquid community with a currency which they can trade and hold their earnings for which they will be rewarded. The SQUID Credibility Score, an alternative to the traditional credit scoring system, will further reward the community with coins, and also give greater financial freedom to the community – in many cases helping the unbanked become banked. SQUID will be a cryptocurrency with real purpose.
The cornerstone to the SQUID ecosystem will be the SQUID Credibility Score, which will become a viable alternative to the traditional but antiquated credit scoring systems.
Multiple data feeds from the fivesquid community will feed the deep learning and AI systems giving a holistic view of the individual. The Score will open access to financial services to many freelancers who previously could not as they did not have a traditional credit score. By trading on fivesquid, members will build a score and be rewarded in SQD.
SQUID is steered by a strong team and supported by specialist advisors, all veterans in their field of expertise, bringing experience from the following bluechip companies: