What Is Work X (WORK)?
The first fully decentralized job economy without commercial middlemen taking fees up to 30-40%. Work X offers a dynamic cost-covering fee model that can scale down in costs due to learning effects & economies of scale & scope. Intermediaries play an important role to the economy by removing friction (bringing supply & demand of work together). However, the price of recruitment services (on & offline) should match their added value. Evolving from inefficient markets with high commissions for middlemen to becoming an accessible common good to find work. Using the power of Web3 (& 2), AI, Decentralised Identity & DeFi. Work X provides a skill & work experience verification tool with future expansion to an open marketplace for assessments, education & development applications to allow companies a plug & play UX. Technology has always been the biggest accelerator to the economy due to its deflationary effect. We believe Work X works exactly as such because we eradicate the inefficiency from the market and thus have a deflationary effect: people earn more money and services are cheaper!
Why do we need the WORK token?
The core utility of the WORK token is to access to services on Work X. In order to create jobs postings, access our AI Assistant, use assessments and get development suggestions, WORK tokens are required to cover the runnings costs of the platform. Because the majority of people in the world do not know how to buy cryptocurrencies (yet), users will be able to pay in fiat while we buy the token for them in the background. Adoption of the platform will always lead to buy pressure for the token. Additionally, extensive users of the platform will be able to stake $WORK tokens in a Genesis NFT to earn from every hire and acquire voting power in the Work X DAO.
Work X features
- Peer-to-Peer Collaboration
- Learn-to-earn NFT achievements
- Generative AI Assistant
- Decentralized Identity
- Verified References
- Unbiased Hiring
Who Are the Founders of Work X?
Rik Rapmund - CEO - Building blockchain tech since 2012 & was selected among the top 500 tech talents in The Netherlands under the age of 30.
Daniel de Witte - CTO - Is building software for more than 30 years, involved in the blockchain space since 2010, and has roots in global finance and logistics.
Patrick Storchenegger - Legal Board Member - Executive board member Ethereum Foundation
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