BlockWRK

BlockWRK

WRK
$0.083270643

Key Metrics

Price$0.083270643
Real Volume (24H)$0
MarketcapN/A
Fully Diluted Valuation$100,000,000
ATH$115.37
ATH Date9/3/2021, 1:44:04 PM
ATL$0.0204803
ATL Date12/19/2022, 5:44:40 PM
Circulating SupplyN/A
Total Supply7.6B
WebsiteN/A
WhitepaperN/A
Popularity Rank6516
Chart
What is BlockWRK?

WRK is a unique ERC-20 token that is one of the world's first federally approved cryptocurrencies. It was issued under the 2019 license of blockWRK by the Bermuda Minister of Finance. The token is designed to help companies and their employees work smarter and live healthier, with real-time rewards for meeting daily goals, safety checks, and mental health counseling. Here's what you need to know about WRK and how it works.

blockWRK is a platform that allows employers to reward their workers in real-time for meeting daily goals, safety checks, and mental health counseling. It uses WRK-powered smart contracts and the blockWRK app to automate the process of distributing rewards to employees. Each month, companies are required to purchase a certain amount of WRK based on the total number of employees using the blockWRK app. This ensures that the network grows in a managed way and that there is a steady supply of WRK tokens available for distribution.

Employees earn WRK by using the blockWRK app to complete daily fitness goals set by their employer and doing in-app daily safety checks to help avoid worksite safety violations. The app also offers free mental health counseling and orthopedic injury telehealth services, as well as cash advances on their next paychecks with 0% APR. Employees can choose to hold their WRK as savings (earning HODL bonuses) or spend it using their blockWRK Visa debit card. They can also set a portion of their paycheck to be paid in WRK each pay period.

blockWRK distributes a maximum of 165 million WRK tokens each month from the distribution pool, which contains approximately 9.8 billion WRK tokens. This is done to manage the growth of the network and ensure a 5-year distribution timeline. Once all WRK tokens have been released from the blockWRK supply, employers will only be able to acquire WRK by accepting it as payment or by purchasing it in the open market. This creates a self-perpetuating fully decentralized system that incentivizes businesses to hold WRK on their balance sheets and accept it as payment for goods and services.

WRK offers several benefits to both employers and employees. For employers, it provides a simple and automated way to reward workers for meeting daily goals and safety checks. It also offers a unique way to promote employee health and wellness, with mental health counseling and injury telehealth services available through the app. Additionally, WRK offers a way for businesses to differentiate themselves and stand out from the competition, by accepting WRK as payment for goods and services.

For employees, WRK offers a way to earn real-time rewards for meeting daily goals and safety checks. It also offers a way to save money and avoid abusive overdraft fees and paycheck loans to cover unexpected expenses, with cash advances available at 0% APR. Additionally, the mental health counseling and injury telehealth services offered through the app provide a valuable resource for employees to maintain their health and wellness.

In conclusion, WRK is an innovative cryptocurrency that offers a unique way for employers and employees to work smarter and live healthier. With real-time rewards for meeting daily goals, safety checks, and mental health counseling, WRK provides a simple and automated way to promote employee health and wellness. As more businesses adopt WRK as a payment method, the network will continue to grow and evolve, creating a self-perpetuating decentralized system that benefits everyone involved.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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