The world of employment is changing. Growing small and medium sized businesses require talented employers but can’t afford to compete with larger companies on job boards. This has created a gap in the market for nimble companies in the recruitment sector.
Global Jobcoin wants to be one of those companies that fills this gap. Global Jobcoin (GJC) is an ERC20 cryptographic token which will be used buying and selling job services.
GJC will be first added to the Jobstoday websites. Jobstoday are a set of four websites servicing the European market. The Jobstoday websites were established in 2014 by the same founders as Global Jobcoin. Over the past three years they have acquired 1.2 million users.
Once GJC has been successfully deployed on Jobstoday it will be expanded to other partnership job boards. The objective is to establsh GJC as the dominant cryptocurrency for employment services.
How GJC Will Be Used
GJC will be used on the Global Jobcoin and partnership job boards for a number of different uses. In 2018 users of Jobstoday will be able to use GJC in order to pay for job listings. These can be for single job roles or for multiple job packages. Employers can also use GJC to hire new employees and to pay for freelancing services.
GJC will also be used for employer bounties. These bounties will let avail be to applicants for jobs on Jobstoday. In addition they will be offered to users who recommend other candidates for job roles.
Smart Contracts On Global Jobcoin
Smart contracts are self executing contracts were the terms of the contracts are built into the code. Clients will be able to use smart contracts using GJC. GJC will be built on top of the popular Ethereum blockchain. This smart contracts will be designed so that funds are released only when certain milestones are achieved. Because the release of funds is certain provided these milestones are met there will be a greater level of certainintiy for bother employer and freelancers. Clients will be able to create these smart contracts via a user friendly GUI.
Benefits Of GJC For Token Holders
GJC will be distributed to investors in an ICO. Investors will be rewarded for contributing to GJC through incentives and dividends.
Every quarter all GJC token holders will receive 20% of the profits from the platform as dividends. The dividends will be paid out in the Ethereum Cryptocurrency. Global Jobcoin will provide and easy to use interface where dividends can be requested and transferred easily to a token holder wallet.
Jobstoday will take 10% of the profits from their platform to buy GJC on the open market. These tokens will then be locked in an escrow account for 365 days. As global profits rise the number of tokens purchased will increase.
Dividend Example
If Jobstoday makes a quarterly profit of $50 million then the $10 million would be distributed to GJC owners. If there are 50 million GJC in circulation then the dividend per GJC would be $0.20. If you are the owner of 10,000 GJC then you would receive a payment of $2000 for that quarter.
ICO Overview
70% of the tokens will be offered during presale and the crowd sale. The total supply will be 100 million tokens which are premined.
Tokensale: https://www.globaljobcoin.com/