Koilop is a decentralized peer-to-peer freelance system, in which buyers/clients and freelancers/service providers can conduct business and exchange of money for service using non-bounded smart contracts by reputation and cash in escrow. We intend to combine economic initiative with reputation into one by tokenizing reputation and assigning it a value. Thus, all parties, moderators included (if need be), have a common goal to act honestly since, since they all have a common interest which is to exchange services and monies.