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Topic: [ANN][WHITELIST]WorkChain.io- Real Time Payroll on the Blockchain | Working App! - page 2. (Read 41115 times)

member
Activity: 196
Merit: 10
TACHAIN Entertainment and Transportation Synergy
Of course, this business is going to penetrate into big financial sector and bring service to people in an easy way using blockchain technology, it will bring more people in contact with cryptocurrency.

I hope it serves to bring more people into crypto - to see all its benefits.

I think so too, but they're going to need a big user base to demonstrate what it can do. I think thye should try to approach as many blockchain startups first so that they can test this project on their employees
newbie
Activity: 35
Merit: 0
Hello  We need go through sale and ICO and then it will be possible to list a coin .. Thanks for sharing though it is a bit early.
newbie
Activity: 56
Merit: 0
AMA with WorkChain.io starts in under an hour. Come and ask all your questions about our project!

https://i.imgur.com/4UQixPX.jpg

Join up now 👉👉👉https://www.youtube.com/watch?v=0lcHFoFbO6A
newbie
Activity: 56
Merit: 0
awesome idea but its gonna take a loooong time to get used in real life. People still don't buy their groceries in bitcoin, pay their rent in bitcoin, pay their mortgages in bitcoin, and so on. As soon as cryptos are used more instead of bought to make money, this project will be on the first row. This is not a question of if, it's a question of when,but these kind of projects like Workchain will surely speed things up!


Yeah sometimes you just ask yourselves how I didn't think of that?

It is great idea,but  implementation is toughest part,but Workchain has experience needed fot this to be success,so im definitely optimistic,

It is also quite difficult to get noncrypto people interested in using crypto which will be needed for this project to go global.

Its true that people's interest in crypto is not yet big enough and many are afraid of volatility.
To overcome this problem, at WorkChain.io, we are implementing solution using stable-coin like TrueUSD, which is always 1:1 with USD.

This approach will bring crypto to people and they don't even need to know about it.
They will be earning TrueUSD which is same as USD and spending it in real world using their crypto debit card.

Using TrueUSD they are already in crypto ecosystem and barrier for exploring the rest of ecosystem.

So TrueUSD is something like Tether,and we will be able to use that on exchanges?Or it will be internal currency?
if it can indeed be implemented, then this project will indeed be an extraordinary project. but by looking at the cases in each country that have not been too interested in crypto I think this will require a lot of time and funds so that this project can work. goodluck


Currencies like TrueUSD ultimately are related to an inflationary currency like the USD that constantly loses value. I am not sure I like the concept of stable currencies at all.

That is true,but in order for crypto to truly come into mainstream,it will have to be more stable,otherwise people will never accept it on the mass scale.

That may be true, but most stable currencies are only used for hedging and not so much (if at all) for daily purchases.

You are right, at the moment thats the situation.
In near future it will be just used to transfer stable value using blockchain and funding crypto backed card.

But in few years, or maybe even before that, when you have goods that you can purchase, we are sure that they will be used for daily purchases.

The problem with using unstable cryptos on cards is also about the tax calculations. Therefore it would be good to have in-built tax software or something like that which assists the people in keeping track of everything properly.

Yes, taxes are something that we are thinking about on a different levels.
For example, we might work on making standard interface like ERC20 is for tokens, ERC__ for calculating taxes, so governments can issue their own.
sr. member
Activity: 504
Merit: 251
awesome idea but its gonna take a loooong time to get used in real life. People still don't buy their groceries in bitcoin, pay their rent in bitcoin, pay their mortgages in bitcoin, and so on. As soon as cryptos are used more instead of bought to make money, this project will be on the first row. This is not a question of if, it's a question of when,but these kind of projects like Workchain will surely speed things up!


Yeah sometimes you just ask yourselves how I didn't think of that?

It is great idea,but  implementation is toughest part,but Workchain has experience needed fot this to be success,so im definitely optimistic,

It is also quite difficult to get noncrypto people interested in using crypto which will be needed for this project to go global.

Its true that people's interest in crypto is not yet big enough and many are afraid of volatility.
To overcome this problem, at WorkChain.io, we are implementing solution using stable-coin like TrueUSD, which is always 1:1 with USD.

This approach will bring crypto to people and they don't even need to know about it.
They will be earning TrueUSD which is same as USD and spending it in real world using their crypto debit card.

Using TrueUSD they are already in crypto ecosystem and barrier for exploring the rest of ecosystem.

So TrueUSD is something like Tether,and we will be able to use that on exchanges?Or it will be internal currency?
if it can indeed be implemented, then this project will indeed be an extraordinary project. but by looking at the cases in each country that have not been too interested in crypto I think this will require a lot of time and funds so that this project can work. goodluck


Currencies like TrueUSD ultimately are related to an inflationary currency like the USD that constantly loses value. I am not sure I like the concept of stable currencies at all.

That is true,but in order for crypto to truly come into mainstream,it will have to be more stable,otherwise people will never accept it on the mass scale.

That may be true, but most stable currencies are only used for hedging and not so much (if at all) for daily purchases.

You are right, at the moment thats the situation.
In near future it will be just used to transfer stable value using blockchain and funding crypto backed card.

But in few years, or maybe even before that, when you have goods that you can purchase, we are sure that they will be used for daily purchases.

The problem with using unstable cryptos on cards is also about the tax calculations. Therefore it would be good to have in-built tax software or something like that which assists the people in keeping track of everything properly.
newbie
Activity: 56
Merit: 0
awesome idea but its gonna take a loooong time to get used in real life. People still don't buy their groceries in bitcoin, pay their rent in bitcoin, pay their mortgages in bitcoin, and so on. As soon as cryptos are used more instead of bought to make money, this project will be on the first row. This is not a question of if, it's a question of when,but these kind of projects like Workchain will surely speed things up!


Yeah sometimes you just ask yourselves how I didn't think of that?

It is great idea,but  implementation is toughest part,but Workchain has experience needed fot this to be success,so im definitely optimistic,

It is also quite difficult to get noncrypto people interested in using crypto which will be needed for this project to go global.

Its true that people's interest in crypto is not yet big enough and many are afraid of volatility.
To overcome this problem, at WorkChain.io, we are implementing solution using stable-coin like TrueUSD, which is always 1:1 with USD.

This approach will bring crypto to people and they don't even need to know about it.
They will be earning TrueUSD which is same as USD and spending it in real world using their crypto debit card.

Using TrueUSD they are already in crypto ecosystem and barrier for exploring the rest of ecosystem.

So TrueUSD is something like Tether,and we will be able to use that on exchanges?Or it will be internal currency?
if it can indeed be implemented, then this project will indeed be an extraordinary project. but by looking at the cases in each country that have not been too interested in crypto I think this will require a lot of time and funds so that this project can work. goodluck


Currencies like TrueUSD ultimately are related to an inflationary currency like the USD that constantly loses value. I am not sure I like the concept of stable currencies at all.

That is true,but in order for crypto to truly come into mainstream,it will have to be more stable,otherwise people will never accept it on the mass scale.

That may be true, but most stable currencies are only used for hedging and not so much (if at all) for daily purchases.

You are right, at the moment thats the situation.
In near future it will be just used to transfer stable value using blockchain and funding crypto backed card.

But in few years, or maybe even before that, when you have goods that you can purchase, we are sure that they will be used for daily purchases.
sr. member
Activity: 504
Merit: 251
awesome idea but its gonna take a loooong time to get used in real life. People still don't buy their groceries in bitcoin, pay their rent in bitcoin, pay their mortgages in bitcoin, and so on. As soon as cryptos are used more instead of bought to make money, this project will be on the first row. This is not a question of if, it's a question of when,but these kind of projects like Workchain will surely speed things up!


Yeah sometimes you just ask yourselves how I didn't think of that?

It is great idea,but  implementation is toughest part,but Workchain has experience needed fot this to be success,so im definitely optimistic,

It is also quite difficult to get noncrypto people interested in using crypto which will be needed for this project to go global.

Its true that people's interest in crypto is not yet big enough and many are afraid of volatility.
To overcome this problem, at WorkChain.io, we are implementing solution using stable-coin like TrueUSD, which is always 1:1 with USD.

This approach will bring crypto to people and they don't even need to know about it.
They will be earning TrueUSD which is same as USD and spending it in real world using their crypto debit card.

Using TrueUSD they are already in crypto ecosystem and barrier for exploring the rest of ecosystem.

So TrueUSD is something like Tether,and we will be able to use that on exchanges?Or it will be internal currency?
if it can indeed be implemented, then this project will indeed be an extraordinary project. but by looking at the cases in each country that have not been too interested in crypto I think this will require a lot of time and funds so that this project can work. goodluck


Currencies like TrueUSD ultimately are related to an inflationary currency like the USD that constantly loses value. I am not sure I like the concept of stable currencies at all.

That is true,but in order for crypto to truly come into mainstream,it will have to be more stable,otherwise people will never accept it on the mass scale.

That may be true, but most stable currencies are only used for hedging and not so much (if at all) for daily purchases.
newbie
Activity: 56
Merit: 0
Hi Everyone,

We had our first workPAY transactions on Ethereum mainnet.
This is what we have promised.

Anyone that is interested to see it, please PM me and I will share our video with Etherscan links Smiley

---

Quick preview of workPAY mobile wallet.

https://workchain.io/downloads/workPAY/wallet.png    https://workchain.io/downloads/workPAY/transaction.png    https://workchain.io/downloads/workPAY/menu.png
hero member
Activity: 2147
Merit: 518
Of course, this business is going to penetrate into big financial sector and bring service to people in an easy way using blockchain technology, it will bring more people in contact with cryptocurrency.

Hopefully there will also be more ways peoppe can easily spend their crypto in useful ways - like utility bills and stuff that really goes into everyday costs.

The entrance to big game is not for everyone, some doors stay closed for u forever regardless of how long ur halligan bar. Well can we now narrow the discussion field down to the key point, to what is supposed to be the senior sector of blockchain technology. What is that? Steroid-fueled intravert Buterin, Chris Larsen who contributed nothing to crypto space, Brian Armstrong CIAs rat. Ridiculous.
newbie
Activity: 13
Merit: 0
Is WATT utility or security token?I get confused with those two.

Utility.
newbie
Activity: 13
Merit: 0
As far as I heard this plans do not have competitors? There are those that partially do what they plan to do, but no one completely? Is there already a minimum working product?

Not sure I fully understand your question, but will try to respond:

re: Competitors - We will have competitors in both the traditional sense as well as within the blockchain space. We've put together a competitive analysis overview in our white paper here:

https://workchain.io/whitepaper/Competitive%20Advantage

re: MVP - We've already launched our first product workID which anyone is free to sign-up for now from our website: workchain.io/registration

We are close to launching our mobile apps and are making significant progress on our second application, workPAY - Announcements coming soon.
newbie
Activity: 185
Merit: 0
Of course, this business is going to penetrate into big financial sector and bring service to people in an easy way using blockchain technology, it will bring more people in contact with cryptocurrency.

I hope it serves to bring more people into crypto - to see all its benefits.
newbie
Activity: 196
Merit: 0
Of course, this business is going to penetrate into big financial sector and bring service to people in an easy way using blockchain technology, it will bring more people in contact with cryptocurrency.

Hopefully there will also be more ways peoppe can easily spend their crypto in useful ways - like utility bills and stuff that really goes into everyday costs.

Only something like that can bring more people into crypto. Cor now, crypto is still a hassle for regular folks and that's what's turning the off.
newbie
Activity: 266
Merit: 0
Of course, this business is going to penetrate into big financial sector and bring service to people in an easy way using blockchain technology, it will bring more people in contact with cryptocurrency.

Hopefully there will also be more ways peoppe can easily spend their crypto in useful ways - like utility bills and stuff that really goes into everyday costs.
newbie
Activity: 13
Merit: 0
I was hoping to see some videp content for the platform by now. Any info if the team has plans to post some videos?

https://www.youtube.com/channel/UCA8M_FrBflu3ahdF0sBFPcA

More to come soon!
newbie
Activity: 36
Merit: 0
Of course, this business is going to penetrate into big financial sector and bring service to people in an easy way using blockchain technology, it will bring more people in contact with cryptocurrency.
newbie
Activity: 36
Merit: 0
As far as I heard this plans do not have competitors? There are those that partially do what they plan to do, but no one completely? Is there already a minimum working product?
newbie
Activity: 13
Merit: 0
Can you give us more info about workPAY ADVANCE and what will bring?

Thanks for the question!

Initially our focus is on workPAY which is a real time payment protocol which will enable employers and employees to use the system to offer a cheaper, faster and more fair way to do payroll.

Recognizing that some employees will want to adopt the system before their employer, workPAY Advance is our way of 'advancing' them the funds, akin, to payday lending, prior to them being paid by the employer. The money that was advanced is then repaid at the next routine pay date.

In the future it's possible to imagine this going being simple advances for the day worked, but also advances on the next paycheck, or micro-lending... That won't be our initial focus though, there are many other fantastic lending projects out there as well, so we'll also be aiming to partner with the one's that align with our mission.
newbie
Activity: 33
Merit: 0
it's still early to expect that most of the people that are investing in crypto have the consciousness and integrity to avoid investing in centralized ideas and ideas that just throw word blockchain in to get a piece of the pie. So, take a big pie from this plan!
newbie
Activity: 13
Merit: 0
Will there be option to run nodes for WATT?

WATT is an ERC20 Token, so if you'd like to 'run a node', then you are always welcome to run an Ethereum node Smiley
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