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Tackling skills mismatch,
fragmentation, and data vulnerability
Tackling skills mismatch, fragmentation, and data vulnerability.
Intelligent matching algorithm - search uses data points to propose cost-effective executors and jobs.
Trustless escrow service - no intermediaries, employer-worker agreements run on smart contracts.
Distributed data storage & encryption - your data is encrypted but stored in a public blockchain.
WorkQuest Platform Architecture
WorkQuest is the online Marketplace and decentralized Payment Provider connecting employers with employees anywhere in the world powered by Smart Contracts governed by DAO. WorkQuest has Mobile Applications available to work anywhere globally powered on WorkNet Blockchain and WorkQuest Wallet.
The platform incentivizes employers and employees to deal honestly and prudently using its Rating System and Feedback stored in a blockchain. As platforms act as a facilitator of transactions between employer and the employee, different DeFi products are available for platform participants, such as Savings, Staking, Liquidity Mining, Retirement product, P2P Insurance, Lending, and Borrowing.
It is an investment strategy in which participants within a DeFi protocol contribute their crypto assets to make it easy for others to trade within a platform. In exchange for their contributions, the participants get rewards with a share of the $WQT tokens.
Governance protocol with no central management will govern the WorkQuest Platform by a set of automatic enforceable rules. The complete transition of the management functions will happen within three years.
Platform's wallet (iOS&Android mobile Apps) for $WQT and $WUSD and other assets to handle all the operations in WorkNet Blockchain.
Platform's Smart Contracts
All interaction on the platform between the worker and the employer will happen using Smart Contracts, which serve as an intermediary with agreed variables: time, work to be done & the cost of labor.
A Fair & Transparent rating system will decrease the information asymmetry between the contract's parties. Employee's and employer's feedback is accessible to everyone and stored in a blockchain.
The Android and iOS apps with built-in WorkQuest wallet include all the WorkQuest platform's functionality.
The platform connecting employers & employees handles the disputes between parties. It handles transactions via smart contracts—a friendly interface for the WorkNet public blockchain.
Based on Cosmos SDK, all transactions and user data will be safely secured on a multi-asset public PoS (Proof-of-stake) blockchain.
Your crypto earns rewards while staked because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. If you choose to stake it, your crypto becomes part of that process.
Users can earn rewards by inviting more employers & employees to the platform.
Users can receive rewards by inviting more employers and employees to the platform who will use the various functions of DeFi.
After completing the work, each platform user can use the retirement accumulation program, where he sets up a percentage of the quest sum, which will be automatically deposited to his savings account at the interest rate.
A decentralized insurance fund with low fees supports both performers and employers with a good rating.
After completing the work, WorkUSD ($WUSD) can be locked on deposit for passive income or used to buy other tokens.
Lend your assets to get an interest rate. Borrow funds to use them in different network functionality.
WorkQuest DAO mission - Loose, Grassroots, Transparent, Open, and Fully global Labor market.
All management functions will be transferred to the community within three years.
All Governance features and procedures will be published openly to ensure everyone has access to all the information.
To participate in platform Governance, any user can buy $WQT tokens from the market.
Secure & Reliable
WorkNet blockchain is used to create and manage the DAO.
Transact with $WUSD and earn with $WQT
Management of WorkQuest DAO & Collateral for $WUSD. They are used for referral programs & available for liquidity mining. The native token of the WorkNet blockchain is used to reach consensus and keep the network secure. Become network validators or delegators using the WorkQuest Token.
- WorkQuest DAO Management
- WorkQuest Referral Program
- BSC & ETH Pools for Liquidity Mining
- Paid Services on WorkQuest platform
- Collateral for $WUSD Stablecoin
- PoS Staking
Crypto-collateralized stablecoin backed by other cryptocurrencies. Since the reserve cryptocurrency may also be prone to high volatility, such stablecoins are ‘over-collateralized’- that is, a larger number of cryptocurrency tokens is maintained as reserve for issuing a lower number of stablecoins.
- Payment between Employer & Employee
- P2P Insurance
- Withdrawal to the bank card
- Retirement Program
- Savings Product
$WQT Liquidity Mining Program
Users receive $WQT for providing liquidity on automated market maker (AMM) platforms such as Uniswap.
$WUSD Savings Program
After completing the Quest, WorkUSD ($WUSD) can be locked on a deposit for passive income or used to buy other tokens.
P2P insurance - protection from the inability to perform their official duties
It decentralized insurance fund created by platform users to support employees and employers with a good rating.
Retirement Savings Program
After completing the work, each platform user can use the retirement accumulation program. Choose a percentage of the sum, which will be automatically deposited to your savings account.