Work X is a decentralized job platform

Work X - A decentralized Internet of Jobs that cuts out the middleman to optimize salaries and minimize the costs of services.

Introduction of Work X

Work X is a decentralized job platform. A place where job seekers can match with employers by showing their verified skills. It’s a zero-marginal cost platform for any type of work with any contract where the costs of labor are minimized and salaries optimized by cutting out commercial fees. Work X will be powered by a utility token and governed by a DAO. Additionally, users can enrich their data profile with assessments & development courses with the WorkPi dApp and store it in their personal SSI wallet; making it a safe and secure environment. This is only the start; we have great plans for the future.

Empowering The Workforce

Discover seamless job matching, optimised salaries, and profile enhancement with Work X; The decentralised job platform fueled by $WORK.

Peer-to-Peer Collaboration: Work together without any commercial recruitment fees. Workers get the highest possible salary & businesses minimize their workforce costs.
Decentralised Identity: Regain control over your career data and become the boss of your reputation, diplomas, certificates, references or peer reviews.
Verified References: Hire employees or freelancers with on-chain references to verify relevant work experience and skills for the jobs of today and tomorrow.
Generative AI-Assistent: Get personalized AI suggestions for relevant skills, job descriptions & educational purposes to build better job & talent profiles instantly.

Work X Ecosystem

To achieve a decentralized platform economy for work, a larger ecosystem is designed around Work X. Work X will function like a highly efficient highway for work. However, a highway without tolls alone is not enough to attract people to use it. Various services will be placed along the highway to make it easier for people to get from point A to point B.

WorkPi: When you are looking for someone who can clean your house or repair something, a good reputation score and a fair price might be enough to hire a certain service provider. However, when you are hiring someone for a jobs that requires proven qualifications and/or full-time jobs, you are likely to care more about the match. If you are looking for a job, you want to find something that fits your skillset, characteristics, preferences and work culture. For these reasons we
Service Provider: Almost every service provider can offer services on the Work X platform (ranging from white- to blue- collar positions and full- to part-time or freelance contracts). To counteract activity in violation with the code of conduct, which are guidelines for allowed job positions on the platform, a curation mechanism will be used
Employer: There are many types of employers in the world, ranging from large Fortune 500 companies to smaller start-ups, scale-ups and SME’s. Work X is a place where any employer can list vacancies and recruit candidates. Enterprises, consultancy firms and recruitment firms can also benefit from using the Work X platform.
Assessment Provider: Myriad innovative assessments can measure a wide range of indicators. This is both an opportunity for employers but also a challenge. If a (large) organisation decides to integrate an assessment into their application suite, it can take, on average, a full year to combine the data. When a new assessment hits the market, the cost of switching makes it impossible for employers to integrate it. Because several of these tools are already very powerful, WorkPi has no plans to develop competitive substitutes. Instead, WorkPi offers an open marketplace for assessments on Work X that are integrated by WorkPi. Also, every assessment provider can freely integrate their tool on Work X.
Education Provider: Diplomas from traditional education providers like universities and colleges have been a dominant influence in the recruitment industry for many years. Without a good education and high grades it has been very hard to get a job. This is logical, especially for specialist professions, but it is also increased due to the lack of measurable aspects of skills and education alternatives. In recent years, a new supply of education providers has emerged, offering online development courses and training certificates.
Work Intelligence Lab: The world is a rapidly evolving place, leading to constant changes in the required skills, characteristics and preferences for a job or task. In order to keep up with these changes and provide accurate matching or learning suggestions, we introduce the Work Intelligence Lab.

Roadmap

Tokenomics

The $WORK token is intended to provide digital access to the platform by means of a blockchain-based infrastructure. In this paragraph we will shortly summarize the different use-cases to answer the question how the token has utility. In the near future we will present additional token use-cases so stay tuned!

Token Utility 1: Get Access to Platform Services
To access services on the Work X Platform such as posting jobs, skill assessments, development courses, the AI-Assistant, and many other services on the platform, users need to possess the $WORK token. Other examples of costs we need to add to our transaction fee requirements are for example AI tokens, running servers, development grants, etc.
Token Utility 2: Collateral for Job Listings
To make sure that all job listings comply with the code of conduct of the platform, tokens have to be deposited.
Token Utility 3: $WORK Platform Support Rewards
Users of the platform who hold $WORK tokens and add to the liquidity will be rewarded with $WORK tokens within an NFT for their support of the platform and community. As they are contributing more to the maintenance and continuation of the platform, they are important for the future of the platform and deserve to be rewarded.
Token Utility 4: Platform NFT’s
When users get achievements on the Work X platform they will be rewarded with an NFT that holds an amount of $WORK tokens. By holding and adding to the liquidity of the $WORK token, they will be rewarded with an appealing APR on top of their tokens.

Token Distribution and Fund Allocation

At the the Token Generation Event (TGE), the generated tokens and funds will be allocated proportionally to different use-cases and operations. In the ”Vesting” column of Table 1 you can see the vesting period of each of these token allocations in months. Not only tokens bought by early buyers will have a vesting period, in fact the buyers have some of the lowest vesting periods while most of the Work X allocations vest over longer time frames. For example the intended DAO will gradually unlock it’s funds over 5 years without any tokens being unlocked at TGE.