[ANN] VERA ICO - BLOCKCHAIN BASED RECRUITMENT FOR REVOLUTIONISING HR

[Polina Rusyaeva]

Robot Vera is the first HR technology company organising an ICO, and has a real product and a growing business to back it up. By bringing innovation to a rather conservative market, we aim to contribute to its transformation. Our larger long-term goal is to digitize the HR market by automating the processes, and combining the best from three markets: traditional, virtual and crypto-currencies.

WhitePaper: https://drive.google.com/file/d/0B1F2QfF_SatMOEN5VUhXUWpBNVU/view
ICO website: https://ico.robotvera.com/en/

Token presale period: Sep-12 through Oct-3.
The presale phase will last three weeks, or until all 500,000 tokens are distributed.
1 VERA = $1 equivalent of ETH (50% discount).

Main ICO period: February 2018.


What is Vera?

●      A robot-recruiter can easily go through the whole chain — from preliminary research and the first selection of potential candidates, to the pre-final video interview, and invitation to the final interview with the employer.
●      It all takes less than three hours.
●      A huge economy of time savings — x 10 or more — and the process and deadlines are transparent and manageable.
●      Up to 50% cost savings.
●      Cost Per Action model (CPA): the customer pays for the number of candidate responses. A response means that a candidate fulfilled all the hiring requirements set by the customer, and was interested in a particular position.

Results after six months
●      More than 150 customers in Russia (Burger King, ZARA, PepsiCo, Raiffasen Bank, Adidas, O'STIN etc.
●      Four big partners reselling the robot-recruiter service.
●      Two pilot-projects in the US market.
●      60+ thousand qualified responses for the customers.
●      Up to 400 monthly incoming requests, with zero marketing budget, all thanks to our customers and the recommendations of friends.
●      Monthly revenue growth from 50% to 100%, and an increase in gross margin of more than 50%.
●      Investments from the IIDF of about $800.000.


ICO Steps

●      15.7 million VERA tokens will be issued during the ICO. Out of those 5.5 million will be offered to investors (0.5m during presale and 5m during the main ICO). In case all offered VERA tokens will be sold during ICO, the investors will hold 35% of the total issue, 50% will stay as a reserve of the company, 10% will be distributed among the founders and the team, and 5% will be distributed to partners, advisors and contractors. In case less than 5.5 million tokens will be sold during the ICO, the remaining tokens will stay as a reserve of the company and the holding percentages will be adjusted accordingly.

●      VERA tokens will be issued by ROBOTVERA OÜ, an Estonian limited liability company which is a fully owned subsidiary of "OOO Stafory", a Russian parent company and the holder of the intellectual property rights to the robot-recruiter (the process will be completed by October 1). The Estonian subsidiary will be a reseller of Robot Vera’s services outside Russia.

●      In September 2017, during the presale stage we plan to distribute up to 0.5m tokens with 50% discount. The funds raised in ETH will be invested in preparing and marketing the main ICO, payment for the fees of experts and legal advisors.
Soft Cap: the equivalent of $200.000
Hard Cap: the equivalent of $500.000
The price: 1 token = $1 equivalent of ETH

●      At the main ICO, 5m tokens will be available for sale. All funds raised will be invested in Robot Vera’s global expansion, marketing and PR, implementation of new features, improvement of the product, payment for the services of the involved experts and employees, and as a reward for the team and partners.
Soft Cap: the equivalent of $1.5 million
Hard Cap: the equivalent of $10 million
The price: 1 token = $2 equivalent of ETH


What is VERA token?

One VeraCoin will be equal to a single response in value. One response means one candidate found by Robot Vera, perfectly suited to a vacant position, and ready to come for an interview. Robot Vera is currently generating on average around a thousand responses daily, and all of them pre-paid with $2 each.

The product value of VERA tokens. The VERA token represents prepayment for Robot Vera services with the value of one response (1 VERA token = 1 candidate). VERA tokens can be transferred or sold to any other person. At any given time, the VERA token holder will be able to receive Robot Vera’s services in exchange of VERA tokens. Irrespective of the market price fluctuations, one token can always be exchanged to one response. In addition to that, VERA token holders will have a privilege to be among the first to test new features and services.

The value of the secondary market. While the robot-recruiter gains popularity among Russian customers and expands to international markets, the average price of response is likely to grow, increasing the token price on secondary markets as well. For example, the price of one response already reached $20 for Robot Vera’s pilot projects launched in the US. We believe that once we are fully operational in the US, the price is likely to grow to $30-50 per response. As Robot Vera is expanding globally and acquiring new customers, the average price of the response is likely to grow even further. In addition, we are looking at the potential of an auction-based pricing model where customers compete against each other for the opportunity to offer vacancies to specific candidates. This model is likely to further increase the average price for the service.

Possible buyback of VERA tokens. As the HR Tech market is forming rapidly, it is critical for the company to start scaling up fast. During the next few years the company plans to reinvest all of its profits into product development, expansion, and competition against the offline players. However, when the company will generate sufficient cash flow and will be able to maintain growth rates, and increase the quality of services without reinvesting all the profits, the management may make a decision to announce a buyback programme of some of the outstanding VERA tokens from the market. Up to 35% of company’s profits may be used for such purposes, if and when possible.

Financial forecast
According to the company’s plans, Robot Vera will be fully operational on the US market in autumn 2017 and in China in the first half of 2018. We forecast the number of customers to grow at least 50% on a monthly basis (pessimistic scenario) and the number of orders to increase at the same rate. The company plans to generate $8 million in revenue in 2018 with more than 5.700 customers.


Media

KOMMERSANT
Retailer delegated personnel recruitment to robots: https://www.kommersant.ru/doc/3344781
“With the help of a robot, Pyaterochka filled 0.08% of the total retail chain’s planned hires. During the first three months, Vera called 16.6 thousand people, 2.8 thousand people picked up the phone, 1.3 thousand responded positively".

VEDOMOSTI
Interview with Robot: https://www.vedomosti.ru/management/articles/2017/06/23/695692-robota-rekrutinga
“People do not like monotonous communication and after a while start talking like robots. That was how an idea was born to make a program-robot that can find a resume, call, find out if a job is required, and remember the answer”

RBC
How robots searching and hiring people: http://www.rbc.ru/own_business/19/06/2017/59439a489a7947949e6db9fb
“Online robot Vera - speaking program: she looks like Siri, but knows how to recognise the facial expressions of the applicants by video, analyse the candidate's types and make predictions. Vera arranges video interview, helping people find a job"


Links

WhitePaper: https://goo.gl/vX5L29
ICO website: https://ico.robotvera.com/en/
FAQ: https://ico.robotvera.com/en/2/
Product website: https://ai.robotvera.com
Email: ico@robotvera.com
Facebook: https://www.facebook.com/robotvera
Linkedin: https://www.linkedin.com/company/11260798/
Telegram Chat: https://t.me/ico_vera

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[ins.world]

Are you going to run bounty campaign?

[Polina Rusyaeva]

We think about it right now 

[rlm42]

Wow! It's really interesting. Nevertheless, it seems to me that it will not be possible to completely abandon human intervention in this sphere

[Polina Rusyaeva]

We hope we can do it  

We saw new possibilities other than the ‘business as usual’ routine processes. And the automation of each of the links in the recruitment process led to the birth of Vera. Now she is learning to lead a "live dialogue": try to answer counter-questions of applicants about the vacancy and the employer — to talk about job conditions, salary, and other questions. She is starting to answer the questions more skillfully, based on hundreds of thousands of dialogues, millions of vacancies, summaries from job-sites, and information about the employers...

Also she has learned to recognise emotions during the video interview. The new skill helps HR-managers analyse the emotional state of a candidate, and confirm any doubts about unsuitability during the interview, including reaction to the brand, and the company as a whole. Etc.

I think it is a challenge for 3-5 years. And someone have to win  

[AlexeyKostarev]

Wow! It's really interesting. Nevertheless, it seems to me that it will not be possible to completely abandon human intervention in this sphere

Hi, I'm one of the co-founders of Robot Vera, and we never focus on completely abandon human intervention in this sphere. But I guess there are a lot of things where AI could do much effective and emotionally independent than human. Seems that we will have a lot of changes in the nearest future (2-3 years).

[Polina Rusyaeva]

We've got 179.85 ETH in three hours!
Join our presale and get 50% discount 

[CjMapope]

We've got 179.85 ETH in three hours!
Join our presale and get 50% discount 

not fishy at all    
idk man, theres very little info here, including nothing but a brand new linkedin account and no social media profiles
For people that would NEED experience in this field to make this work, you seem to have posted evidence of NONE :/
Not getting a penny from me! just another Nigerian Prince scam imo!

[Polina Rusyaeva]

We've got 179.85 ETH in three hours!
Join our presale and get 50% discount 

not fishy at all    
idk man, theres very little info here, including nothing but a brand new linkedin account and no social media profiles
For people that would NEED experience in this field to make this work, you seem to have posted evidence of NONE :/
Not getting a penny from me! just another Nigerian Prince scam imo!

.

You are right that the social networks of the company in English appeared recently. Until now the company has been promoting only in its native Russian market, so communities in Russian are more full (for example, the Russian group in Fasebook). We understand that the company has not enough content in English yet, and this is a problem, but we are trying to correct it.

Today one of the company's founders told about the product: https://www.facebook.com/robotvera/videos/223333521531926/
You can also check that the website of the company itself in English is not new: https://ai.robotvera.com/
You can also check the founders of the company. Profiles of each of them are posted on https://ico.robotvera.com/en/ For example, the account of the CEO in Linkedin: http://www.linkedin.com/in/vladimir-sveshnikov-71015549/

The company has a working product, about 200 customers, including in the US. We will establish communication, because we understand that this is important!

If you have questions about the product itself, I'm ready to answer them.

[indrofx78]

im waithing bounty program sosial media


good project

[ramirkz]

Social media bounty 

[Polina Rusyaeva]

We don't have a bounty programm itself, BUT!!! we have an awesome referral program!
Please, check it in here: https://medium.com/@Robot_Vera/referral-program-for-my-friends-9d5287dd82d4

[Highquality]

Social media bounty (Twitter, FB and other)?

[TimeTeller]

Let's see if this one will be different from other AI-related crypto projects.
If you have already existing product, then, this might go through.
As stated on your website, you already catered PepsiCo and others.
But aside from the US market and Russia, where else do you want to expand as you are collecting hefty amount of funds from this ICO?

[Kimpoiluiseta]

We've got 179.85 ETH in three hours!
Join our presale and get 50% discount 

where youre addres eth , if youre can collect 179 ETH only 3 hour
because youre thread is very bad, imposible investor interest and buy youre coin

[Polina Rusyaeva]

Social media bounty (Twitter, FB and other)?

Hello! We don't have it, but we do have a great referral program.
It's "Invite your friends and get your 5-10% bonus".
Please, check it in here: https://medium.com/@Robot_Vera/referral-program-for-my-friends-9d5287dd82d4

[Polina Rusyaeva]

Let's see if this one will be different from other AI-related crypto projects.
If you have already existing product, then, this might go through.
As stated on your website, you already catered PepsiCo and others.
But aside from the US market and Russia, where else do you want to expand as you are collecting hefty amount of funds from this ICO?

We are planning a global expansion.
Currently, we are working on China and India expansion. Then, we are planning to add another countries, and so on.

[Polina Rusyaeva]

We've got 179.85 ETH in three hours!
Join our presale and get 50% discount  

where youre addres eth , if youre can collect 179 ETH only 3 hour
because youre thread is very bad, imposible investor interest and buy youre coin

Well, you do have a right to have any opinion.
But, actually, we've launched pre-sale with no marketing/advertisement at all, and, indeed, showed great results!
Please, check online counter from our website - https://ico.robotvera.com/

[aiwazz]

But why you need token for getting payments? Why blockchain technology?

[mercer007]

IS there any social media bounty for this project.

[Olesya_garkusha]

Hi! Blockchain is one of the technologies that we use for Robot Vera. Robot-recruiter stores a history of interactions with the candidate in the decentralised blockchain network. The number of telephone interviews the candidate has passed, the number of companies they visited for interviews, dialogues with the robot-recruiter, and links to video interviews. Vera can store the details of the career of a person: how long they worked for previous employers, how their career path progressed, why they left the company, what vacancies they are interested in, etc.

We believe in blockchain and that we could bring this technologies to the worldwide market. But we are also good at AI and machine learning. We want our investors to see our growth and we are working on it using all possible technologies.

[Rengganis]

it seems like your mission is very big and ambitious, combining the three markets is not an easy thing, it takes long planning, but if it works, it will be a huge achievement, I will continue to see, good luck with your project

[Olesya_garkusha]

it seems like your mission is very big and ambitious, combining the three markets is not an easy thing, it takes long planning, but if it works, it will be a huge achievement, I will continue to see, good luck with your project

Thanks a lot. We believe that it's all up to us. You gain what you put in  We appreciate your support very much.

[Olesya_garkusha]

IS there any social media bounty for this project.

We have an exciting referral program   https://medium.com/@Robot_Vera/referral-program-for-my-friends-9d5287dd82d4

[ICOnow]

  Robot Vera ICO listed. Vera helps to find qualified employees.


http://iconow.net/ico-598/

[Durr_1412]

Interesting plan.
Can you let us know who create this AI?

[zaq130]

Hi dev,

I am interested in this project and if there is a room for Japanese translation and promotion in Japan,
I would love to participate in this project. When u start bounty program, please PM me!!

[CryptoTickets]

I am interested in the concept offered by this REAL project, I will invite my friend to invest a bit here and support the real project. Good luck!

[ilsshort]

Didn’t quite get... Where can I buy tokens?

[Polina Rusyaeva]

Robot Vera’s international expansion is gaining momentum!
 
We promised to our investors to boost our activities related to participation in international conferences and business events and we are keeping our promise.
 
Earlier in October Robot Vera project has scored a Grand Prize at the HR Tech World Startup Competition in Amsterdam which is a great success to the project and its further development. This time as a part of our renewed promotion strategy we are taking Robot Vera to Dubai to participate in HR Summit and Expo 2017 which is scheduled to November 6-8 and is currently on its final day.
 
For more than a decade HR Summit and Expo has managed to be a place where world's leading HR thinkers, international HR vendors, and inspiring HR professionals can get together to share their innovative ideas and forge new business relationships. In 2017 the event is bringing together more than 110 exhibitors, over than 5000 HR professionals, the floor will be given to more than 80 insightful sessions and speakers from across the globe.
 
Robot Vera has joined the Expo with its exhibition booth and live presentation by Alexey Kostarev, one of Robot Vera Co-founders (see link below), to introduce Robot Vera project to new audience of potential investors in the Middle East region and develop its existing network of business connections. Here is how Alexey Kostarev comments on the overall event climate and ongoing activities of Robot Vera team:

“We received very warm welcome with Robot Vera project and already negotiating on a contract with our new partner from UAE which guarantees we’ll soon have clients in the region”.
 
Today is the final day of the event, we wish best of luck to our colleagues and look forward to their triumphal return!
 
More details on Robot Vera participation and achievements with HR Summit and Expo 2017 in Dubai are coming soon!
 
Stay tuned! In Vera we trust!

https://www.facebook.com/robotvera/videos/242725399592738/

[Ken_bitty]

I really like your deep analyzing problems now happen and your project may change this situation for a better!

[adarwis]

a very interesting concept in the added professional development team will make a project will be more in the interest by investors, just as this project that I see from all sides, looks very perfect, maybe this is only the initial assessment of a layman like myself, but everyone would agree if this project is required to be followed and bookmarked, I will join your bounty or maybe I can participate in this project ICO

[Polina Rusyaeva]

Hi dev,

I am interested in this project and if there is a room for Japanese translation and promotion in Japan,
I would love to participate in this project. When u start bounty program, please PM me!!

Hello! Thank you so much for the interest. We are planning ICO on February 2018. And as we haven't lauch bounty program, we offer great referral program, which is "invite friends and get +5-10% reward".
For the promotion matters, you can always contact our team at ico@robotvera.com

a very interesting concept in the added professional development team will make a project will be more in the interest by investors, just as this project that I see from all sides, looks very perfect, maybe this is only the initial assessment of a layman like myself, but everyone would agree if this project is required to be followed and bookmarked, I will join your bounty or maybe I can participate in this project ICO

Hello! Thank you, indeed. As we've updated the info, our ICO starts on February 2018. So we'd be happy to see you as an investor!

Didn’t quite get... Where can I buy tokens?

You can buy tokens once ICO starts. Which is going to be on February, 2018. All the details will be posted on our official resources, which is website and telegram groups.

I really like your deep analyzing problems now happen and your project may change this situation for a better!

That's so nice to read! THANKS!!!! Well, you can join our discussions on the Telegram channel @ico_vera.

[Polina Rusyaeva]

It's always nice to recall good victorious days when Robot Vera scored Grand Prize in Best HR Startup Competition at HR Tech Wold 2017 in Amstardam earlier this autumn.

Here is a little surprize for our investors, please see an Amsterdam interview with Robot Vera CBDO Alexey Kostarev:
goo.gl/HudnnM

[Polina Rusyaeva]

Hey everyone!

We promised our investors to penetrate international market and this promise is kept! Robot Vera, is entering the UAE market!

Within the next 18 months Vera will select 25,000 employees for various companies in the UAE. Vera’s services were sold to UAE for $5 per 1 candidate response!

It’s X5 growth of VERA token price VS pre-sale figures and another promise to investors we have kept!

A pilot project in the UAE will be carried out jointly with the Arloid Group, a multidisciplinary holding company. Among the clients will be such companies as Al-Ghurair, DEWA Holding, Tecom and Al Tayer.

These holdings operate not only in the UAE, but also in other countries of the Middle East and Asia, so after the pilot project in Dubai we plan to enter other markets as well!

Before its launch in the Middle East English version of Robot Vera was developed, number of its functions has also been expanded.

Robot Vera cofounder Aleksandr Uraksin says that for UAE companies Vera will work not only as an HR by selecting resumes and conducting telephone and video interviews. Now Vera’s artificial intelligence will also solve the tasks of adapting for existing personnel of companies.

We are grateful to our investors for their support and plan to actively proceed on project global development and facilitating VERA token price growth.

Stay tuned for further updates!

Source: http://tass.com/science/987477

[Polina Rusyaeva]

Hey everyone, here are the news we have now, more is coming in a while, guys!

Regardless of traditional seasonal slowdown for b2b sector in January, we are continuing to actively grow our business and attract new clients.
1. This week we have signed a contract with a major real estate company:
https://www.century21.ru/company/news/in_century_21_russia_has_employed_a_robot_/
2. We also decided to record several interviews with influencers in HR, because we are often requested references to our clients.
In those interviews HR directors with major companies are breaking myths and scepticism related to robot recruiters and their work.
All interviews are available below: 
https://www.youtube.com/watch?v=wPQB8MWzOm0
https://www.youtube.com/watch?v=BHQriKzyrCU
https://www.youtube.com/watch?v=Ctm7hrg8dHM
https://www.youtube.com/watch?v=TjAhdYaEzvw

Thank you for your support!

[Polina Rusyaeva]

Hey, guys!

You've already heard a lot about Vera's efficiency in finding candidates and working with them.

But how about Vera herself? How does Vera work?

Artificial intelligence, machine learning... These words sound so familiar and common, but what do they mean? What are the actual technologies behind them?

In his new column on Habrahabr.ru Vladimir Sveshnikov, one of Robot Vera project founders, uses the language of robot creators to walk us through Vera's electronic thoughts straight into her digital cloud brain.

See below special details about robot Vera's childhood, Vera's first steps and her first word: https://habrahabr.ru/company/microsoft/blog/348808/

[Polina Rusyaeva]

Dear friends and partners,

First business month of 2018 is over and we would like to share its’ results with you.

In February we targeted our revenue to be 8 million rubles with not less than 35 thousand responses to be provided to our clients.

Here are the actual results of the month:
1. Revenue: 8,664,140.77 rubles, which is 8% more than target value we had;
2. Responses: 37,843, which is 26% over target value we had planned.

Meanwhile we keep attracting new big clients, last week we had one of the largest international banks UniCredit join us:
https://www.facebook.com/unicreditbankrussia/posts/1819941474736309

Stay with us.

In Vera we trust!

[jolinahermosa25]

 interesting concept in the added professional development team will make a project will be more in the interest by investors, just as this project that I see from all sides,hope will be successful one

[Polina Rusyaeva]

We are back in Berlin!

VERA team is attending TOA today!

https://toa.berlin/

It’s giant and absolutely amazing tech conference, bringing together digital visioners. And it seems like everything is about blockchain today :sunglasses: Festival grounds are filled with blockchain projects, dozen of sessions and workshops on decentralized and web3 world.

We’ll keep you updated and share the most insightful info!

[Polina Rusyaeva]

test

[Pirlolrip2018]

First of all, the fact that they have already working beta product is a big advantage to any project. This shows there is a solid and real thing behind this project and we don't have to expect being scammed or that the project will be closed because it can't raise enough funds. Whatever happens, they are working on delivering the fully working service. And I guess nowadays with the spread of robotic and AI technology, such robot has a lot of potential.

[tuansemazi]

Their claim their robot is able to do: "Robot Vera is able to recognise the candidate's emotions in video interviews and also conduct conversations in virtual reality (VR). It is also learning to lead a "live conversation" and answer the counter-questions of applicants about the vacancy and the employer."
That sounds too futuristic to be true, but maybe the technology is already that advanced that it is indeed possible. It's hard for me to believe, but if that's true I guess Robot Vera will be revolutionary.

[canwithme]

Where can I see the video overviews of the platform? if there are any