$AWD Utility
Last updated
Last updated
$AWD is the native utility token of the platform, deployed on the Ethereum network as an ERC-20 token.
It is designed to facilitate seamless transactions, incentivise participation, and enhance governance within the ecosystem. Users of the platform can transact in both $AWD and ETH, providing flexibility for freelancers and clients.
1. Payments for Freelance Work
Clients can pay freelancers using $AWD or ETH, with reduced transaction fees for $AWD payments.
Enables instant, borderless payments without intermediaries.
Supports smart contract-based escrow, ensuring secure payments upon project completion.
2. Staking & Rewards
Users can stake $AWD to earn passive rewards and unlock premium platform features.
Clients staking $AWD receive discounted service fees on transactions.
Freelancers who stake $AWD gain higher visibility in job listings and premium access to AI tools.
3. DAO Governance Participation
$AWD holders can participate in platform governance, voting on proposals such as fee adjustments, feature implementations, and ecosystem funding.
Introduces community-led decision-making, ensuring a decentralized platform evolution.
4. Access to Exclusive Platform Features
Priority job matching for freelancers with a $AWD balance.
Unlocks premium AI tools, including enhanced workflow automation and analytics.
5. Freelancer & Client Incentives
Clients receive cashback rewards when paying in $AWD.
Freelancers earn bonuses for completing high-quality projects in $AWD.
Referral rewards for users who onboard new freelancers and clients using $AWD.
6. NFT-Based Work Credentials & Identity Verification
Users can mint NFT resumes and verified work histories using $AWD.
Enables blockchain-based certifications for skills and completed projects.
7. Marketplace & Additional Web3 Use Cases
$AWD can be used in the WorkFi ecosystem, including NFT-based professional tools and Metaverse job listings.
Will integrate with future cross-chain expansions, allowing interoperability with other Web3 platforms.