Markets

Recruitment Platform Opens White List

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Job.com, a blockchain-powered recruitment platform, recently opened its ICO white list registration and the company has also released its whitepaper to the public.

The price of JOB token is USD$.065. There are 384,615,385 tokens for sale which represent 38.46% of the total supply of one billion JOB Tokens. The majority of the $25 million hard cap will be raised in ETH, however, a percentage of it will be raised in GO Tokens as part of a partnership with the GoChain network.

With a user base of over 60 million, Job.com seeks to disrupt and decentralize the recruitment industry by utilizing blockchain technology to remove the need for recruiters during the hiring process. Job.com will use its utility token, JOB Tokens, to encourage users to handle their own recruitment. Performing tasks – such as scheduling interviews, and in the future, recommending friends to the platform – will reward users with JOB Tokens. Users will also receive 5% of their agreed upon salary in tokens upon securing a new job through the platform. The platform will also offer the ability to grow a community of experts and expand service offerings to companies based on the scalability of the GoChain network, ensuring hirers low-cost and efficient transactions.

Arran Stewart, Co-Founder of Job.com, said: “After more than a year of innovating and developing we are excited to launch the ICO that will support our ambition to bring jobs to a million people in the coming year,”

Job.com is using GoChain as its preferred blockchain due to its Ethereum-compatible platform, which reports 100 times faster transaction speeds than Ethereum, greater decentralization than the Ethereum network, and using only a fraction of the power used by both Bitcoin and Ethereum. GoChain uses PoR (proof of reputation) as a consensus model that takes the reputation of participants into account in order to further enhance network security, enabling Job.com to optimize security and privacy for resumes, references, and all other sensitive personal data.

Citizens of the USA, South Korea, and China are not permitted to participate in the sale. All other participants will be subject to KYC/AML policies and procedures and other due diligence.

Matthew Warner
Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.