Work X Price

Work X is designed to create a job economy without commercial intermediaries, which traditionally take 30-40% fees. This decentralization means job-seekers, freelancers, and employers can interact more directly and efficiently.

Work X aims to facilitate a zero marginal cost platform economy, which benefits gig workers and freelancers. This approach is designed to efficiently match job-seekers and freelancers with their ideal employers​.

By eliminating commercial fees, Work X can minimize labor costs and optimize salaries for its users. Work X achieves this while ensuring that users only pay for fundamental services necessary to run the platform.

Users can post their talents or job vacancies on Work X, facilitating a match between job-seekers or freelancers and employers. The decentralized platform allows users to showcase their verified skills and company details, increasing their chances of finding suitable jobs or candidates.

Work X is powered by a utility token $WORK and is governed by a Decentralized Autonomous Organization (DAO). Work X functions as a non-profit organization responsible for the continuous development and maintenance of the platform.

Work X offers a decentralized job marketplace, leveraging blockchain technology to directly connect job seekers, freelancers, and employers without traditional commercial intermediaries. Here's a breakdown of how it works:

Dynamic Fee Structure

The platform implements a dynamic cost-covering fee model. Instead of fixed, high fees, Work X charges users based on a scale that can reduce over time due to learning effects, economies of scale, and scope. This model aims to make the platform more affordable as it grows and evolves.

Skill and Job Matching

Users of Work X can showcase their verified skills and specific job requirements. The platform's algorithm then matches job seekers with appropriate job postings and vice versa, facilitating a more efficient hiring process.

Zero Marginal Cost Economy

Work X aims to reduce the marginal cost of job transactions to zero, which is particularly beneficial for gig and freelance workers. This approach is designed to optimize salaries and reduce labor costs, making the job market more efficient and equitable.

Decentralized Governance

As a DAO, Work X is governed by its community of users, who have voting rights or a say in the platform’s development, maintenance, and changes. This ensures that the platform remains aligned with the needs and preferences of its user base.

Work X was officially announced as an upcoming platform in October 2021, specifically focusing on being a blockchain-based freelance platform. The announcement indicated that the platform's development followed a planned roadmap, with the decentralized freelancing protocol scheduled for 2022 Q1 v3.

Work X conducted its IDO in a phased manner across multiple platforms between November and December 2023. Some popular IDO launchpads for the $WORK token sale include ChainGPT Pad, Enjinstrarter, Poolz Finance, and Decubate.

WORK is the native token of the Work X ecosystem and serves the following purposes:

Pay for Transactions on Work X

WORK tokens can be used to facilitate transactions within the Work X platform. This includes payments for services, fees for job postings, and transactions between freelancers and employers.

Decentralized Governance of Work X with DAO

WORK also empowers token holders to become members of the DAO that performs decentralized governance of the Work X platform. $WORK holders can submit proposals and vote on others’ proposals about key changes and developments on the platform.

Incentive Token

The Work X platform may use WORK tokens to reward users for various activities, like completing jobs successfully, maintaining a high rating, or contributing positively to the platform in other ways.

Trade Work X on KuCoin

Trade WORK crypto against other digital assets on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell $WORK or hold it long-term if you believe in the future potential of the Work X platform. Remember to DYOR before entering any new trade in the crypto market.