Opolis Employment Commons Launches $WORK Token

Denver, CO, April 22, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) The Opolis Employment Commons (the “Commons”) announced the launch of its new community patronage token, $WORK on Thursday April 22nd at 12:00pm MT. The token serves as a utility token for governance, staking, and patronage distribution inside the Commons. Owners of $WORK must be an Employment Commons Member to receive the full benefit of the token.

The Opolis Employment Commons spent the past year developing an economics model that rewards members of the Commons for patronage activities described as: payroll consumption, new member referrals, and staking.

John Paller, Executive Steward of Opolis said, “The Future of $WORK starts now. We’re aligning the incentives and outcomes of our community around the activities that accrue value and ultimately build a sustainable, Member-owned public utility infrastructure for the Independent Worker. We start in the US, but plan to expand globally to serve a global workforce.” 

During the Genesis Allocation, the Commons will mint and distribute 315,000,000 $WORK to Commons Stakeholders. There is no max cap for the amount of $WORK that can be generated although $WORK is only minted as specific growth milestones are met by the community Members.

Immediately following the completion of the Genesis Allocation, 27,800,000 $WORK will be in non-treasury circulating supply. 165,000,000 $WORK is allocated to the Commons Community and 150,000,000 is allocated to the Commons Trustee; Opolis, Inc.

Superfluid and RaidGuild collaborated with the Opolis core team in building the technology that will deploy $WORK to the Members of the Commons. Superfluid will continue its partnership with Opolis to bring streaming finance to payroll and other employment related use cases.

“Opolis is using web3 technologies to upgrade the work experience for the 21st century. Streaming salaries and incentives are basic components in our vision of the future, and we are extremely excited to partner with Opolis to realize this vision together.” said Francesco Renzi, Co-founder & CEO at Superfluid.

The first 1,000 individuals or organizations to join the Coalition in Support of the Independent Worker will receive a bonus of 1,000 $WORK tokens + a rare “Golden Magnum Opus” POAP NFT commemorating their joining the Opolis coalition during the Genesis Block.

To read more about the tokenomics of $WORK, you can visit opolis.co or read the token economics paper here.

Opolis is a Digital Employment Cooperative offering high-quality, affordable employment benefits and shared services to independent contractors, freelancers, digital nomads, solopreneurs and sole-practitioners.

Contact:
Gavin Nicholson
Community Steward
Opolis
gavin@opolis.co

https://opolis.co

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 62,446.00
ethereum
Ethereum (ETH) $ 4,151.36
binance-coin
Binance Coin (BNB) $ 485.40
tether
Tether (USDT) $ 1.01
cardano
Cardano (ADA) $ 2.15
solana
Solana (SOL) $ 209.72
xrp
XRP (XRP) $ 1.10
polkadot
Polkadot (DOT) $ 43.74
dogecoin
Dogecoin (DOGE) $ 0.271856
usd-coin
USD Coin (USDC) $ 1.01
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 62,446.00
ethereumEthereum (ETH)
$ 4,151.36
tetherTether (USDT)
$ 1.01
bitcoin-cashBitcoin Cash (BCH)
$ 622.26
litecoinLitecoin (LTC)
$ 194.53
bitcoinBitcoin (BTC)
53.616,39
ethereumEthereum (ETH)
3.564,37
tetherTether (USDT)
0,867190
bitcoin-cashBitcoin Cash (BCH)
534,27
litecoinLitecoin (LTC)
167,02
bitcoinBitcoin (BTC)
45,382.26
ethereumEthereum (ETH)
3,016.98
tetherTether (USDT)
0.734011
bitcoin-cashBitcoin Cash (BCH)
452.22
litecoinLitecoin (LTC)
141.37

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021

Blockchain/Cryptocurrency Questions and Answers

ICo Presale
The Science Behind ICO Presales…
October 14, 2021
Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin63,086 1.57 % 3.00 % 2.44 %
Ethereum4,186.0 1.23 % 1.43 % 8.61 %
Binance Coin489.05 1.34 % 0.97 % 3.92 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.170 1.35 % 0.61 % 0.59 %
Solana210.49 1.03 % 7.80 % 31.67 %
XRP1.100 0.98 % 1.43 % 1.08 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2741 1.29 % 9.50 % 15.20 %
USD Coin1.000 0.14 % 0.20 % 0.17 %

bitcoin
Bitcoin (BTC) $ 62,446.00
ethereum
Ethereum (ETH) $ 4,151.36
binance-coin
Binance Coin (BNB) $ 485.40
tether
Tether (USDT) $ 1.01
cardano
Cardano (ADA) $ 2.15
solana
Solana (SOL) $ 209.72
xrp
XRP (XRP) $ 1.10
polkadot
Polkadot (DOT) $ 43.74
dogecoin
Dogecoin (DOGE) $ 0.271856
usd-coin
USD Coin (USDC) $ 1.01