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/viewICO 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 forecastAccording 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.
MediaKOMMERSANTRetailer 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".
VEDOMOSTIInterview 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”
RBCHow 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/vX5L29ICO website:
https://ico.robotvera.com/en/FAQ:
https://ico.robotvera.com/en/2/Product website:
https://ai.robotvera.comEmail:
ico@robotvera.comFacebook:
https://www.facebook.com/robotveraLinkedin:
https://www.linkedin.com/company/11260798/Telegram Chat:
https://t.me/ico_vera
