The famous job recruiting company has announced that the White List of its ICO is already open and will be until August 15. The project, according to its Whitepaper, proposes the application of Blockchain to the processes they are already doing.
A billion JOB tokens have been created for this project and 38.46% of them are being sold, i.e. some 384,615,385 tokens a day today. Each token will be offered at a price of $0.065 each and the goal is to raise $25 million. Developers are accepting ETH and the GO token because they are working on the GoChain platform.
In this process of selling tokens, citizens of the United States, China and South Korea are prohibited from participating. Likewise, all other participants must comply with KYC / AML procedures to be approved, although Job.com reserves the right to reject any buyer in its sole and absolute opinion.
A change in the world of labour hiring
Job.com wants to change forever the way in which labor hiring takes place and for this it wants to use Blockchain technology to decentralize the industry and with this eliminate recruiters from the hiring process. The JOB token will be used to encourage users to do the processes themselves to manage their hiring. The execution of activities such as scheduling interviews as well as recommending friends to the platform, will make users receive JOB tokens.
Workers who get a job through the platform should receive 5% of the wage agreed in JOB tokens, thus ensuring the circulation of the token within the daily economy. Job.com expects to keep growing its community of experts and service offerings through the scalability of the GoChain network, providing with this network the ability to maintain transactions at low cost.
According to the developers, they want to use this technology to revolutionize and streamline the hiring processes in order to give all the power to companies and employees, leaving out the hiring agencies. By allowing a direct relationship between companies and workers, it is possible to make a more economic process for both.
The Blockchain network of Job.com
For this project, Job.com has decided to use the GoChain network because they consider that this network is working faster than the Ethereum network. Its transaction speed is 100 times more effective and uses less energy than the popular Blockchain networks on the market. In addition, GoChain uses the Reputation Test as a consensus model, which adapts to the project as it allows the participants with the best reputation to approve the operations.
With a Blockchain network, Job.com hopes to give security and privacy to all personal and financial data that are handled in the platform for the achievement of jobs. This data can be CVs, references and work samples. In addition, the Blockchain network ensures that these data remain immutable and do not change over time, something very important to achieve permanence in time.