The blockWRK project’s native WRK platform token has been successfully listed on the Bithumb cryptocurrency exchange and is now available for trading, as announced by the exchange.
WRK has been listed on the DeFi board of Bithumb, with deposits made available on July 23, 2021, at 15:00 (UTC+8). Trading of the WRK token has been made available starting from July 27, 2021, at 17:00 (UTC+8) in the WRK/USDT trading pair. The initial starting price of each WRK token is $1.01 USDT. The total supply of WRK tokens stands at 11,923,616,243 WRK, with the circulating supply being 85,869,296.7293 WRK.
The blockWRK project is an American HR-focused startup that has recently deployed a decentralized application for employee performance management. The system allows employees to manage workforce tasks and performance by setting daily, weekly, or monthly goals, with numerous templates for key metrics and assessment criteria available by default within the application. Employees who showcase value-generating performance, engage in healthy activities, or achieve their set goals, are rewarded automatically in federally approved WRK tokens. The tokens can be transferred to employee bank accounts, or branded VISA cards for immediate exchange for fiat currencies, or held as a means of savings.
Human resource departments are in desperate need of more efficient workforce management instruments in light of the growing migration of employees to remote working environments and the degenerating efficiency of existing incentive plans. The main goal of the blockWRK application is to replace outdated and highly ineffective yearly bonus programs that often widen employee-workforce relationship gaps and place considerable stress on employees. By resorting to daily and automatic payments as rewards in the form of WRK tokens, employees can motivate their employees and foster higher levels of engagement.
The blockWRK project has already partnered with some of the leading payroll providers in the US and has a starting user base of over 2 million local employees. The project is aiming to continue improving its application and reaching new workforces in the near future.