Work X AMA Transcript

“The Internet of Jobs”

Stephanie (BSC.News)

Hello everyone and welcome to the AMA with Work X! Today we have @rikrapmund joining us to talk about their exciting new project. Great to have you here 🙂

Rik – CEO Work X

Hi everyone! Thanks for having me today!

Stephanie (BSC.News)

Great to have you here Rik!

So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you beforehand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway. Sounds good with you?

Rik – CEO Work X

Got it!

Stephanie (BSC.News)

Great, so to kick things off, for those who may be unfamiliar…

1. Please introduce yourself and the team behind Workpi.

Rik – CEO Work X

My name is Rik Rapmund and I’m the CEO & Co-founder of Work X. Together with my CTO Daniel de Witte we started working on Work X 3,5 years ago. We didn’t want to do an ICO for a token without any utility so we started building with a team of 6 developers instead. Now we are a team of 12 people scattered around the globe (Mosty in The Netherlands, Switzerland & Russia)

Stephanie (BSC.News)

Well awesome! So you’ve been planning your project from a while ago. Sounds like you guys have a great team so let’s talk about the project itself

Rik – CEO Work X

Thank you! We are builders and during the bear market that’s exactly what we did 🙂

2. What is WorkX and What are you trying to accomplish with this project?

Work X is building a decentralized Internet of Jobs. It matches people based on skills and cuts out the middleman to optimize salaries & minimize the costs of labor. Instead of a commercial fee of up to 30%, Work X only charges a transaction fee of 2-5% to cover the costs of the platform.

It is our vision to create a platform economy where everybody earns or pays a fair price for the offered services.

To do so we want to bring blockchain to the people, making sure everyone can easily benefit from it by engaging in true peer to peer business

Work X offers the same user experience as existing platform economies like Amazon Mechanical Turk, UpWork & Fiverr without the need to possess knowledge about the underlying blockchain technology. Customers can pay with traditional (fiat) payment methods like credit card, PayPal or Apple Pay. In the background, Work X bundles transactions and buys back the $WRKX token from the market to pay the transaction fee. Every transaction on the platform will increase the demand for the token and thus the value.

Stephanie (BSC.News)

Okay wow thank you for all that information! let’s unpack a bit as there was a lot I wanted to touch on

3. Please tell us about the benefits and advantages of using Work X

Rik – CEO Work X

Sure! The main benefit is of course that someone earns a way higher salary for a service that is also cheaper for the client.

You can work directly with people without having to pay a commercial middleman

Other benefits are for example that every user owns and controls their own data, linked to their digital identity

A better overview of all our advantages can be found here!

Stephanie (BSC.News)

The image summarizes the benefit very well! Cheap services is something that everyone is interested

4. How much is the cost to use your platform?

Rik – CEO Work X

Instead of a commercial fee of up to 30%, Work X only charges a transaction fee of 2-5% to cover the costs of the platform. For example, a developer, who used to charge a maximum of $20 for local services, is now able to work with employers on the other side of the world where the services have a higher value. This developer can now ask $40 for the same services but has to give $12 back to the platform. Work X will ensure that this fee will be reduced to just $1-$2.

Stephanie (BSC.News)

That’s very innovative! On the other hand…

5. How can Workpi help leaders make critical decisions?

Rik – CEO Work X

We also have a commercial sub-company called WorkPi. WorkPi builds a dApp on the Work X platform to list vacancies from large corporate employers. WorkPi measures the essential skills to perform in various jobs by linking assessment results to performance. The resulting job profiles generate personalized vacancies with a single click that can be matched to candidates who gather the same assessment data. WorkPi already has signed deals and a filled pipeline with large corporates who show their intention to use Work X when the MVP launches.

Stephanie (BSC.News)

Do you have any example of Workpi page (image) you can share with the community?

Rik – CEO Work X

yes! If you go to the website , you can click on both WorkPi as Work X

Stephanie (BSC.News)

Very cool! Make sure to check out their webpage everyone!

6. Can you talk us through your roadmap and when we can expect to have a functioning platform?

We have been building for over three years because we needed to validate that the Minimum Viable Product would fit the demand of our target users. Right now we’re in the final stage of MVP development. We are currently determining the scope and will provide more information on this shortly.

Stephanie (BSC.News)

Great! Most importantly…

7. How can you assure the data in the platform is safe and secure, especially for the users?

Rik – CEO Work X

We take the data security of our users very seriously. It’s actually one of the reasons we started working on Work X. We are using a technology called Self-Sovereign Identity which allows people to own and control personal data gathered on the platform. By sharing it, users earn money with their personal data. Also, enterprise clients are instantly GDPR-compliant because they don’t possess the data (but learn from the anonymous insights!)

Work X is funded and supported by the European Commission to develop this use-case and has also received a grant from Ocean Protocol to investigate a concept that we call ‘Compute-to-SSI’. This is highly technical but if you’re interested in the idea, you can read more here:

Stephanie (BSC.News)

Yes, data security will be the main concern of the users and great to hear that they are GDPR Compliant!

Last but not least

8. Any exciting news you would like to announce here today?

Rik – CEO Work X

A lot has happened in the last few weeks! With various new partnerships in the pipeline we have been very busy with the expansion of our ecosystem. In the next few weeks we will be able to share more details about these collaborations.

We also opened The Work X office! Although the organization is spread across the globe, we have moved into our office in Edge Olympic Amsterdam with the core team.

Also, the most exciting news: we have a special allocation in the private sale for participants in this AMA!

💥EXCLUSIVE ACCESS TO THE WORK X PRIVATE SALE FOR BSC NEWS💥

We have created a unique pool for the BSC NEWS AMA participants. By clicking on the link below you can connect with your wallet and participate in the sale. You can share this URL with friends to reduce the price for everyone in the pool! We advise you to use Metamask or Chrome on your desktop!

Pool URL:

📖 Guides to participate:

– Desktop:

– Mobile:

– Pooling mechanism:

We also have a surprise for every AMA participants. Please join our discord group and drop your BEP20 wallet in the Wallet Drop channel to qualify!

Join here:

🔗  Social links, Whitepaper, Pitch deck & Whitelist:

Tokenomics:

Token Name: $WRKX

Token type: ERC-20 & BEP-20

Total Supply: 100.000.000

Initial Market Cap at launch: $3.6M

Private Sale Price: $0.35 – $0.39

Projected Listing Price: $0.70 – $1.00

Project milestones

💰  Raised 2M and building for over 3 years – Product launch in Q2 2022

🏢  Launching enterprise client who paid €150.000 for a pilot early next year (large financial institution with >3.000 employees)

💼  Filled pipeline with 43 corporate enterprises (> 1.000 employees each) in 14 different industries that expressed their intention to list vacancies and hire workers on Work X

🇪🇺  Supported and funded by the European Commission within an 8 month accelerator program called eSSIF-lab

🚀  Developed an on-chain launchpad for our own token sale  with a unique pooling mechanism

✅  Completed a GovTech Validation Lab with YES! Delft and joined the Dutch Blockchain Coalition (including the Dutch government)

🔬  Won the SSI-track on the largest AI & Blockchain hackathon called Odyssey Momentum last year

👥  Team expanded to 12 employees, and 8 external advisors (including a legal board member of the Ethereum Foundation)

📺  Featured on Dutch TV:

This is the link that you should use to enter the private sale:

Stephanie (BSC.News)

It’s definitely some exciting stuff! And your office is very nice

Rik – CEO Work X

thank you!

Stephanie (BSC.News)

If you haven’t already make sure to go and check out Work X everyone, especially when they are having a private sale for BSC news! It’s a super exciting project that you don’t want to miss out on 🙂

Rik – CEO Work X

Thank you Stephanie!

Source : bsc.news