A popular crypto app “Pump” has launched a feature that lets users pay anyone to complete tasks, opening a new marketplace for real-world jobs paid in crypto. The app’s “Pay-for-Task” service lists gigs from simple chores to extreme experiences. Top listings grabbed headlines: the highest-paid task currently offers ₹43 lakh (about $52,000) for someone to complete a skydiving challenge and share verified video proof. Other high-value tasks include product testing, long-distance travel assignments, and creative projects, with rewards ranging from a few thousand rupees to several lakhs.
The app uses blockchain-based escrow to hold funds until task completion. Once a user accepts a task, funds move into an on-chain escrow account; the task poster releases payment after verification. This reduces fraud and ensures quicker payouts, though users still face crypto volatility and KYC requirements in many jurisdictions.
Since launch, the marketplace has attracted thousands of listings and tens of thousands of users. The firm reports a 40% month-on-month increase in transactions and says payouts reached over ₹120 crore (approximately $15 million) in the past quarter. The platform supports multiple cryptocurrencies and offers optional fiat conversion to limit exposure to price swings.
Regulators and safety advocates warn about legal, tax, and safety issues. Tasks involving risky physical activities (like skydiving) raise liability questions, and high-value offers may attract scams. The company says it enforces verification, identity checks, and a dispute-resolution system; it also encourages posters to buy insurance for dangerous tasks.
The new feature blurs lines between gig platforms and crypto marketplaces. If users adopt it widely, it could reshape how people monetize skills and services—but safety, regulation, and crypto market risk will determine how fast it grows.
FAQs [Frequently Asked Questions]
Q1: How are payments protected?
Payments go into blockchain-based escrow until verification. The platform holds funds and releases them after proof, reducing fraud risk but not removing crypto volatility.
Q2: Is the skydiving task safe and legal?
Safety depends on local laws and insurance. The app enforces KYC and verification, but users should confirm legal and health requirements before accepting risky tasks.
Q3: How are taxes handled for earnings?
Crypto earnings are usually taxable. Users must report income per local tax rules; the app may provide transaction records but users should consult a tax advisor.