What is PiplCoin?
In Piplcoin is a cryptocurrency , by means of a ICO (Initial Coin Offering) is issued. The units of PiplCoin itself are tokens that are based on the Ethereum Blockchain . Above all, the underlying system is in the foreground. For example, the cryptocurrency is intended to create a job exchange on which employers and employees can exploit their full potential. In addition, PiplCoin also wants to provide a platform for shareworking.
The three components of PiplCoin
PiplCoin consists of three different components:
The job board is set to become a job board where employers can easily create job opportunities. This job offer should then contain all important requirements for the applicant. Employees should be able to easily find job opportunities through a search that suit them well. Then you can then submit your application online. The employer then has the opportunity to select the best candidate. In addition to the application, employers will also be shown the profile of the applicants and their “market value”.
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The Pipl Board should become a directory of all users of the coin. This will make it easier to apply for and select applicants due to the large amount of data available. On the one hand, each user should fill out his profile to help in decision-making and thus, among other things, list a profile picture, his abilities, his experience or even his educational background. On the other hand, employers and employees can still rate each other after each completed job. With this data, an algorithm should then be fed, which should ultimately determine the market value of the user very accurately.
To handle the individual jobs, PiplCoin wants to offer “Shareworking”. This means that, unlike crowdworking, users do not all do the same job separately, but really work together on a project. This should allow users to work with each other regardless of their location.
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The cryptocurrency PiplCoin Coin
The payment of the individual jobs that have been mediated by PiplCoin should, in the form of cryptocurrency be made. One advantage of this is that completed work becomes the reference for later jobs as it is visible to all users in the blockchain. Behind this there is also a sophisticated system. At the beginning, an amount of PiplCoin corresponding to the number of living humans at a given time is issued.
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However, to increase the value without increasing difficulty for mining , which is completely dispensed with, a PiplCoin is destroyed for each statistically newborn person. This is to achieve a constant growth rate of the cryptocurrency . The first way to acquire the coin was during the IPO of the cryptocurrency. One unit of the cryptocurrency was issued for the price of one US dollar. In the period of this 83,444,258 PiplCoin were acquired, resulting in a theoretical market capitalization of about 83 million US dollars.
The future of PiplCoin
The Coin claims to have achieved most of the goals leading to the final platform. For example, a roadmap has been published which shows that only the global trading of coins is planned before the final version of the platform is to be introduced worldwide in the first quarter of 2018.
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