Fees & Economics
Three types of fees are levied at the release of an escrow transaction (after a job has been completed, and if there were any disputes, they have been resolved).
These fees enable TalentLayers' interoperability between multiple marketplaces; allowing marketplaces to make money on users and jobs they onboard to the protocol even if they do transactions on other platforms or with users of other platforms.
This is a fee that is configured by platforms for jobs that result in the release of an escrow on the Talentlayer network. This is remitted back to the platform that posted the job.
This is a fee that is configured by platforms for proposals that result in the release of an escrow on the Talentlayer network. This is remitted back to the platform that posted the job.
The default configuration of this fee is 0%.
This fee is used to support the development of the TalentLayer protocol. It is sent to the TalentLayer treasury. The treasury is currently managed by the TalentLayer Core team and will eventually be transitioned to be managed by the eventual TalentLayer DAO.
Market-Based Fee Pricing: We are in the process of re-working our fee system to allow for platforms to configure Originating Platform Fees, amongst other alternatives. Please standby for updates. This decision was made based on user feedback and game theoretical evaluation.
Because many platforms desire to levy fees on job posts, TalentLayer will offer an optional configurable job posting fee. The default Job Posting Fee will be 0%.
When considering whether to levy a job posting fee, take into consideration that charging to post jobs can help limit the possibility of spam job posts on your platform.
Alert: The Job Posting Fee is in development and is launching soon.
By making transactions, your users will experience any gas or transaction fees required by the blockchain you are interfacing with.
With Fee Sponsorship, you can cover protocol fees and gas fees on behalf of your users. This allows you to create a "fee-less" experience for users.
Fee Sponsorship can be configured with your Platform ID and involves you loading a wallet with cryptos to cover fees that users incur.
Alert: The Fee Sponsorship is in development and is launching soon.
TalentLayer is currently finalizing our economic model and fee system. We intend to gradually roll out incentives and fees over time alongside our early partners.