GateLive AMA Recap - Work X
1. You are building a decentralized job economy, could you explain what the main benefit is over a centralized platform such as UpWork or Indeed?
Rik Rapmund (Work X CEO):
Just like UpWork or Fiverr, Work X matches service providers with customers/employers. However, the main benefit is that Work X does not charge commercial fees up to 30%, meaning that salaries are much higher on Work X and service costs lower.
2. Can you explain how Work X’s dynamic fee model works and how this also impacts the WORK token on the exchanges?
Rik Rapmund (Work X CEO):
Work X only charges a small fee that depends on the running costs of the platform. Employers pay for example a fee to post a job or use our AI assistant with fiat, in the background Work X buys back WORK tokens to cover the fee which is redistributed to developers contributing to Work X.
3. How does Work X ensure the privacy and security of user data, particularly considering the sensitive nature of personal and professional information shared on the platform?
Rik Rapmund (Work X CEO):
Users will be able to regain control over their identity and career data. Contrary of LinkedIn, Work X allows users to own their career credentials and does not monetize this behind their back.
4. Can you explain how Work X empowers both talent and employers without requiring them to possess Web3 knowledge?
Rik Rapmund (Work X CEO):
Work X is building a user experience that does not require any crypto knowledge. We have a hybrid approach where users can also pay in fiat and only utilize web2 tools. If users want to step up their game, we assist and support them in their web3 journey.
5. How does Work X plan to attract a large user base and ensure sufficient job opportunities for workers on the platform?
Rik Rapmund (Work X CEO):
Work X collaborates with 50+ corporate organizations that all have at least 1k employees. Through the candidate databases of these companies, Work X will be able to both post jobs as invite job candidates to match with the jobs. Next to this, Work X has acquired a financing facility of 10M USD over the next 36 months to invest in user acquisition and retention.
