Can someone Prediction how workquest market conditions will be before the end of 3quarter? am looking at buying some token and hold till the end of q3, can wq get up to 100% growth 💹 increase?
The main thing for us now is the work on the product. Work Quest DAO release, Work Net release, Work USDT Wallet release. Regarding our goals for the short term and long term: Short term: Proven PoC with all main features released enough to start testing pilots with recruiting agencies. Long-term: Working platform with a lot of data points such as ratings, reviews, and agreements run on smart contracts. With the completion of this we strongly believe that the token price will increase rapidly though we can't give any prediction on price increase.. |
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What's the total circulating Supply of workquest token? I learnt that they are adding 2M to the current supply
Current circ supply 3.7 million... Adding 2 million would make it 5.7 million circulating supply You are not correct, currently our circulating is 2.8M and by next month we will be adding 2M which will make it total of 4.8M in circulation. |
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What kinds of employees and employer will work Quest platform Smart contract support? They are allot of jobs categories please explain to us if work Quest will only support blockchain jobs..
Our goal is the global labor market. So we want to create a platform for all types of workers in the labor market. These can be: Employees (short-term and long-term work), freelance audience, companies for finding qualified personnel, individuals for finding employees, HR companies, students for internships, and part-time jobs. So work Quest is not for just blockchain jobs. |
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Any plans for centralized exchange like kucoin or okex, I wouldn't want to make mention if Binance, be if we can go there it will be nice
We are working on project development now, after the development of the project we will list on cex exchanges, follow us in all our social media pages and stay tuned for any announcement.. |
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This platform is indeed a great platform, my question now is how safe is user criteria and information on this platform? As you must understand that the safety's of user information matters allot in any platform like this..
First of all, we are fully decentralized. That means that we will not do any forks or data replacement if there will be malicious data, we will just mark that this is malicious data. This is why we will be the first validators of the platform before the full DAO transition. We will see patterns and learn how to detect bad actors. However, we believe that since the majority of employers will look for the workers who passed KYC, the cost of risk playing malicious data game is big for the potential workers since we will ban them forever (We will easily identify them since we will have their KYC profiles). Also do not forget that we will manage the UI, so we can blacklist some users. Safety is really important nowadays. We have already passed an external audit from Node Factory and will continue to announce various bag bounties and cooperate with many other companies to find possible weaknesses in the code. Major activities in this part will start once we will finish the development of the Work Net blockchain. |
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How does the retirement savings plan works, and what are the procedures to get involved in this? Because the word retirement in centralized words mean the person will no long be able to work again and he will be entitled to some payment please explain to me how it will work on this platform.
Users will be able to deposit their chosen amount to their pension account or use the function of the platform where you can choose the desired percent of the amount of the quest that will be automatically credited to your pension wallet. Annual interest will be accrued on the accumulated amount. Each year, the user will be able to extend the saving plan for another year or withdraw to their main wallet. |
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Please I to know how the DAO voting system works, can every token holders be able vote? or there's any other criteria to vote?
Let us just use this means to list the main activities that will be governed by the DAO so you have the full knowledge on how the DAO works.. -Insurance to cover proof of execution of services as agreed upon by the employee and the employer in the smart contract, % of rewards to be sent out to the referee varies as per the governance and reward pool. -Referral Program: change the amount of the remuneration for inviting new users to register on the Work Quest platform. -Pension Program: A voluntary option for employees, classified under lending, to earn interest of 3,5-6.5%. The amount of accrual of interest may change when changing the lending algorithm and interest in the smart contract. -Savings Product: A voluntary option, classified under lending to earn a profit of 3-5% in a year. -Depending upon the type of services being availed there will be template of DAOs to resolve disputes between all involved parties in the most amicable manner. -Rewards for staking tokens or contributing to the liquidity pool on the platform will be governed by the DAO. -Changes of insurance packages for p2p insurance funds. Proposals to change the logic of insurance funds, and fund management managers (change their remuneration). Anyone with 100 WQT can vote or delegate their vote. |
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I have go through some documents to study briefly about this project one thing that am still worried about and I will like to know is, where is this company or project WorkQuest registered, regulated and Operates? This will make it more play if we all know the above mentioned information.
This is the company/project registration details Harju maakond, Kuusalu vald, Pudisoo küla, Männimäe/1, 74626 you can find more details about this project on the website, white paper or our medium... |
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When will Work Quest token get listed on a centralized exchange? As all the listed exchange above are all decentralized exchanges...
Team still working about it , as I know they voted in the community on the choice of exchange, so hope to see WQT soon at CEX. |
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How do work Quest team tend to combat with the already existing freelancing platforms like fivver and co. Looking at the fact that the Blockchain Technologe based projects/platform requires extra knowledge before one can use it
As you alrey know the Work Quest Platform is run by a Decentralized Autonomous Organization (DAO) Unlike most job boards that are regulated or in simple terms, run by a central authority, Work Quest is ruled by a decentralized autonomous organization (DAO). The DAO is primarily the nodes or users of the platform that own the Work Quest token (WQT). A set of predefined, enforceable laws or rules written on a smart contract in the form of code is what governs the whole function of the Work Quest DAO. Also Work Quest Platform has a Reward system for its Users. This is the other thing that makes the Work Quest platform unique from other common job boards you know. That’s right. You’re rewarded for using the Work Quest platform DeFi functionality. The rewards are normally in Work Quest Token (the native token of the platform), and the Work USD (WUSD). This feature not only makes the users motivated to continue using the platform but also shows that Work Quest appreciates the efforts made and the time the users spent on their platform. |
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Just come this project,, and it look interesting!
Work Quest will indeed make finding jobs more easier than ever before, but what I do quite get is how the market place will function, it's features and functionalities, will users be able get offer a service directly from Work Quest and get paid also on platform.
Have know that the main function for Blockchain technology is to gives its users full control of what happens in their accounts and even manages their digital assets. Not only that, decentralized ledger technology offers transparency and security of all its users’ information. This is the prime reason why Work Quest was developed on top of the blockchain. As the user, you’ll be able to see everything that goes on in the platform since any information found on one ledger (block) is simultaneously copied in the other blocks for the users of the Work net blockchain to see and verify. Everything you do on the Work Quest platform, be it paying your employees, or working for your employers will be saved and copied as verifiable information in every block. This means you can trace all that happens from the information you find on the blocks. Employer received payments after completing quest on Work Quest platform and smart contract between employer and employee will be completed. if the work is not performed qualitatively, users will be able to file a complaint and service employees will make decisions on each situation separately. |
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we have unique DeFi functionality like P2P insurance, retairement program, savings program inside the platform and managed by DAO. We are also have own stablecoin which use for payment between employer and employee. that market volatility does not affect the calculations between the employer and the employee. You can find more information in our articles on Medium, how it will be work. https://medium.com/@workquest |
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Okay thanks for informing us, we will reference the white paper in the next edition.. Thanks you very much for your input we highly appreciate it.. |
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What are your expectations for 1st quarter 2021 for Yf-dai market, With the fact that LaunchPad will go live soon and Safeswap is on it way to be launch on 1st quarter of 2021.
With these, should we be expecting an upward trend in the 1st quarter of 2021 or not, What are your expectations?
Let's share our views..
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Yfdai continue declining what's going on, what's the team doing about this? price went from $3800 down to $2,866. this is a big lost!
No hard feeling bro, you should always expect something like this, this is Crypto market for you, you should try to understand it flow, in this market nothing good last and nothing bad last, the market is no constant it's volatile. Price is low today it may go higher than $3.8k tomorrow, so Please be patient, don't sell your token, hold strong |
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