Topic: [ANN][WHITELIST]WorkChain.io- Real Time Payroll on the Blockchain | Working App! - page 4. (Read 41115 times)

WATT token is for staking, you can learn more about that in our blog post here: https://medium.com/workchain-io/a-look-inside-the-workchain-io-protocol-286225e13f69

This is interesting, making the payroll automated and integrated with Blockchain technology.
Thanks to the project that every employee will get their payment right in time.

Will try to answer a few things in this post and then update back tomorrow for other questions that were left or to follow-up.

KYC
Because of the stage of our platform and the nature/utility of our token we will not require KYC, and will not have any restricted countries 

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Signature Campaign

We will have campaigns for:

Bitcoin Talk Forum Signature - Jr. Member
Bitcoin Talk Forum Signature - Member
Bitcoin Talk Forum Signature - Full Member
Bitcoin Talk Forum Signature - Sr. Member
Bitcoin Talk Forum Signature - Hero/Legendary

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Bounty Program

We will be announcing the Bounty program early next week, in the meantime you can learn a lot more about what we are planning here:

https://help.workchain.io/workchain-io-bounty-and-airdrop

and here:

https://docs.google.com/spreadsheets/d/1W3R3me_MKQGWDI-DQ3G6mi2A3dAW16yO9xuYDjt_mxE/edit#gid=0

We've built a fully automated bounty program that will be managed with our application alongside a leaderboard, and ability to track how many points you have in each bounty period for example. No spreadsheets or other nonsense.

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Favor to ask

You've participated in a lot more bounties that we have, we'd love if you could review the point allocations and other things that we have outlined to see if they align with your expectations and what you think would make a fair and engaging Bounty.

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That's it for now, will respond to this and other questions that have come in tomorrow as well as reaching out via PM with this and other info to everyone that has expressed interest in our Bounty so far.

Thanks!

But basically the payout also works as a loan because the platform/loan giver gets the money later.

WATT token is for staking, you can learn more about that in our blog post here: https://medium.com/workchain-io/a-look-inside-the-workchain-io-protocol-286225e13f69

I've been checking more about the workPAY and workLOAN highlights and I see this part "Brilliant Investing Choose to contribute your workPAY stores with workLOAN to give your cash something to do quicker than any customary type of contributing"
good luck ......

Will we have option to stake our WATT tokens too?

You are right, there are also other exchanges that have listed TrueUSD: https://coinmarketcap.com/currencies/trueusd/#markets

I think you have TrueUSD already on Binance and you can use it.

So TrueUSD is something like Tether,and we will be able to use that on exchanges?Or it will be internal currency?

For this project to be initiated and successful, perhaps impossible. Countries may not care and pay attention to the tokens of this project. Getting to the token of the commonly used project takes a lot of time and money. I do not think this project is feasible !!!

Issuing own debit card is a long process. Its usually better when you have full control, but for start partnering with existing one is going to be our goal.
We have analyze current crypto debit cards and options are really limited, but at the moment WireX sounds like good start.

TrueUSD is currency already created by a US company: https://www.trusttoken.com/trueusd/

Compared to Tether they have audit pretty often by public audit company Cohen & Co: https://blog.trusttoken.com/trueusd-attestation-reports-86f693b90a4
I think this is is the last one: https://drive.google.com/file/d/1LL2ybvBk_uA60DdR_KjFkry6ON_VruAD/view
Also difference is that at the moment you can go to company that has issue TrueUSD, give it back to them and receive it directly on your bank account.

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.

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.

So TrueUSD is something like Tether,and we will be able to use that on exchanges?Or it will be internal currency?