WorkChain.io lets anyone who earns a paycheck get it instantly in cryptocurrency. WorkChain ICO rating – 84
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PRE ICO Dates : 15/12/18 – 15/01/19
Roadmap: 7/10 Legal: 2/5 ICO terms: 4/5
Team: 18/20 Token applying: 4/5 Promotion: 18/20
Rank in RU – 509077
About WorkChain ICO (token sale)
WorkChain ICO is a decentralized protocol servicing the work economy. The protocol allows workers to receive their pay as soon as they complete their work, without having to wait days or weeks for the payroll cycle to end. For workers, it means instant access to earnings – their paycheck on-demand. For employers, it provides an advanced, automated payroll solution that is efficient, cost-effective and ends the reliance on third-party processors and banks.
To make real-time paychecks possible, the WorkChain.io ICO Protocol builds verified work records on the blockchain network through integrations with “Work Validators” which are existing HR and workforce management systems. Work Validators provide validated worker data such as time-clocks and attendance against which real-time payments are made. In turn, Work Validators are rewarded with a share of the fees captured by the protocol.
WorkChain ICO Misson
Our mission is to make earning cryptocurrency possible for anyone who receives a paycheck, increasing the velocity of mainstream adoption of cryptocurrency.
WorkChain.io does this by giving workers instant access to their paycheck the moment their work’s done. It’s their earnings on their terms – true financial control that everyone deserves. And by automating the work to paycheck flow, we free employers from payroll processing time and costs.
The WorkChain.io ICO Protocol
The WorkChain ICO Protocol creates a flawless system for automating payroll and allowing it to work in real-time. In order to achieve this, WorkChain.io needs to connect all steps into one flow from work validation to payout, creating a new ecosystem. To do this, WorkChain.io uses smart contracts.
A new payroll smart contract is created to govern the payment terms between each employer and employee. The smart contract encodes the rules governing the movement of funds between the employer and employee. To make the payment system faster and cheaper for end users the protocol uses peer-to-peer authorizations (Payment Channels).
WorkChain.io ICO App Token (WATT)
The transactions made through the WorkChain.io ecosystem and the interoperability of its applications will be powered by the platform’s native utility token, WorkChain.io App Tokens (‘WATT’, ‘WATT Token’).
The functionality of WATT Tokens will naturally expand over time in step with the adoption and growth of WorkChain.io. As the number of users on the platform grows, so will the utility and common product use of WATT Tokens.