Get to know Smart Invoice
About Us
Our Story
In October 2020, a development service DAO by the name of RaidGuild realized they had a problem: there was no easy, or affordable, way to safely transact with their web3 clients.
Without the safeguards of the traditional banking system, a simple mistake when transferring cryptocurrencies could result in all funds being lost forever. Not ideal for the DAO, or the client.
An invoicing system was needed.
But that wasn’t enough.
In the web3 world, it’s normal to “do business” with people you don’t know, and who don’t share their real identity with you.
So there needed to be a way to ensure the service provider didn’t run away with the money, and the client didn’t run away without paying.
An escrow system was needed.
But that still wasn’t enough.
What if there was a dispute? How would the funds get released from escrow? Who would make that decision, and would they be unbiased?
Integrated arbitration was needed.
But that still wasn’t enough.
Who would control this invoicing, escrow, and arbitration tool? Would there be a conflict of interest if the DAO controlled the technology behind the payment system, and was the service provider?
Smart contracts were needed.
So a team of RaidGuild developers began building a tool that combined cryptocurrency invoicing, escrow, arbitration, and smart contracts.
The result was an internal tool called Smart Escrow.
It solved the DAO’s biggest challenges when transacting with web3 clients, and was provably safe to use. This tool proved to be so effective and popular with clients, that the DAO decided to create a public version that anyone online could use, even if they were not part of the RaidGuild DAO.
And so… Smart Invoice was born.
As time went by, several members of the DAO realized Smart Invoice was just a bit too difficult to use by non-developers. And that it didn’t provide similar functionality to the web2 software most freelancers already used.
So this new team of 4 decided to reboot Smart Invoice to make it even more powerful and easier to use, so that any freelancer, anywhere, could safely get paid for their work with cryptocurrency.
MolochDAO supported the team’s vision and awarded them with a grant so they could build the ultimate crypto invoicing and escrow tool as a public good.
Since then, the team has been working hard to build the Smart Invoice you see today.
A team of exceptional people
Meet the team, past and present, that’s worked to make crypto invoicing and escrow free for all web3 freelancers.
launchninja
Product Lead
plor
Project Manager
Tufnel_Enterprises
Developer
georgeh
Developer
spengrah
Developer
dan13ram
Developer
manolingam
Developer
Jaqi
Designer
Bingo
Designer
Our Supporters
Meet the organizations helping Smart Invoice succeed.
In October 2020, several members of Raid Guild DAO began developing the initial version of Smart Invoice as an internal tool to handle invoicing and escrow for the contract work the DAO provided to clients.
In May 2022, the MolochDAO community passed an $82,000 grant proposal to support the continued development of Smart Invoice as a public good.
The team at LexDAO graciously agreed to act as an unbiased third party to provide arbitration services to the users of Smart Invoice for a low fee of 5%.
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