HireVibes Tokenomics and Utility Updates — Part 2

HireVibes
HireVibes
Apr 19 · 4 min read

Chinese translation included

Aligning incentives among multiple stakeholders, is a balancing act.

HireVibes is a universal Jobs & Referrals platform nearing take-off that will cater to an array of stakeholder needs; in a variety of different ways. The unique incentive system that HireVibes is being built upon, needs to be balanced fairly and intuitively in order to unleash its inherent virality potential.

On HireVibes, people will refer job’s and candidates to other people. Sharing is built into the system.

With such opportunity at hand, in the same way that people today need to be conscious of the health and state of the planet that we’re handing over to our children, within the HireVibes ecosystem; we need to be cognisant of how the system will work for all future token holders — not just the current token holders.

The HireVibes rewards model has been tweaked and refined with feedback from multiple sources to find the right balance for all of its stakeholders, which include; hirers, working professionals, referrers, charitable projects, and of course; the existing HireVibes community.

1. HireVibes Reward model update — Hirers can set referral reward between 6% — 12%

Hirers will be able to post job openings on HireVibes for free, and set their own referral reward level: (Min 6% — Max 12%)

If a hire is made, a fee (in HVT or Fiat currency) will be due based on the reward level set.

a) If the minimum 6% reward level is set by the hirer, in the event of a successful hire; this will be distributed by HireVibes Reward Smart Contract as follows:

  • 3.5% HVT reward to the successful candidate, to be paid in 3 installments (this reward will be split equally with a referrer if one was involved!)
  • 1.5% to HireVibes DAC EOS account for the community to vote on, burn etc
  • 1% HVT reward to a charity or multiple charities listed on HireVibes of the successful candidates’ choice

b) If a Hirer sets the reward at 12% for example, it shall be distributed as:

  • 9.5% HVT reward to the successful candidate (this is split equally with referrer if one was involved)
  • 1.5% to HireVibes DAC EOS account for the community to vote on, burn etc
  • 1% HVT reward to a charity or multiple charities of the successful candidates’ choice

2. HVT Utility Update Use HVT to get a 5% Price Reduction

Hirers that select to pay for using HireVibes in the native utility token (HVT) will earn a 5% price reduction.

a) If a hirer selects to hire using the minimum referral reward level of 6% and pay this reward directly to HireVibes Reward Smart Contract in HVT; this fee will be reduced to 5.7% — representing a 5% reduction in price. This will be distributed as:

  • 3.5% to the successful candidate (this is split equally with referrer if one was involved)
  • 1.2% to HV DAC’s EOS account for community the to vote on, burn etc
  • 1% to a charity or multiple charities of the successful candidates choice

b) If a Hirer sets the reward at 12% for example and pays in HVT, the 5% reduction will be applied, and shall be distributed as:

  • 9.5% to the successful candidate (which will be split equally with referrer if one was involved)
  • 1% to a charity or multiple charities of the successful candidates choice
  • 0.9% for HV DAC’s EOS account account (to vote on, burn etc)

Calculation workings:

a) 5% reduction on the min 6% = (6/100 x 5 = 0.3)

(3.5% + 1.2% + 1% = 5.7%)

b) 5% reduction on the max 12% = (12/100 x 5 = 0.6)

(9.5% + 0.9% + 1% = 11.4%)

Conclusion

The best metric for measuring virality in a digital product is called the Viral Coefficient. David Skok, a VC quoted in Lean Analytics defined it as:

Tokenised (decentralised) applications offer another layer of viral opportunity that digital products aren’t used to having. What was before clearly separated by role and title, token holders in these new economies simultaneously become ‘the customers’, ‘the employees’ and ‘the owners’ of the network. The token being used as the glue for connecting everything together.

Today HireVibes consists of 205,768 token holders across the world. (Source https://eosflare.io/token/hirevibeshvt/HVT)

So perhaps the metric for measuring the Viral Coefficient of decentralised products should be: the number of new token holders, that each existing token holder is able to convert.

Happy East-er everyone!

HVT 通证经济 + 工具型代币更新(二)

在多个利益相关者之间协调激励措施是一种关于平衡的艺术。

HireVibes是一个即将爆发的通用的就业和职位推荐平台,将以各种不同的方式满足一系列利益相关者的需求。HireVibes正在构建的独特激励系统需要公平和直观地进行平衡,以释放其固有的病毒式发展的潜力。

在HireVibes系统,人们会将工作和候选人转介绍给其他人。分享转介是内置于系统中的功能。

有了这样的机会,为了更好的规划HireVibes未来的生态系统发展,我们需要认识到系统将如何适用于所有未来的HVT代币持有者 — 而不仅仅是当前的代币持有者。

HireVibes奖励模型正在根据各方的积极反馈进行调整和改进,以便为所有利益相关者找到合适的平衡点,其中包括:雇主、专业人士、推荐人、慈善项目以及现有的HireVibes社区。

1)HireVibes奖励模型更新 — — 雇主可以设置6%-12%的推荐奖励

雇主可以免费在HireVibes上发布招聘广告,并设置相应的推荐奖励等级:(最低6% — 最高12%)

如果成功雇用,则根据设定的奖励等级收取费用(HVT或法币)。

a) 在成功雇用的情况下,如果雇主设定了最低6%的奖励等级,将由HireVibes智能合约分配奖励如下:

  • 3.5%的HVT奖励给应聘成功的候选人将,分三期支付(如果有推荐人,这个奖励将与推荐人平分)
  • 1.5%的HVT转到HireVibes DAC EOS账户进行社区投票(销毁)
  • 1% 转到奖励给应聘成功的候选人选择的一个或多个HireVibes慈善机构

b) 如果雇主将奖励设定为12%,则应按以下方式分配:

  • 9.5%的HVT奖励给应聘成功的候选人将,分三期支付(如果有推荐人,这个奖励将与推荐人平分)
  • 1.5%的HVT转到HireVibes DAC EOS账户进行社区投票(销毁)
  • 1% 转到奖励给应聘成功的候选人选择的一个或多个HireVibes慈善机构

2) HVT工具型代币更新 — — 使用HVT获得5%的价格折扣

选择使用HireVibes原生工具代币HVT来付费的雇主将获得5%的价格折扣

a) 如果雇主选择使用最低推荐奖励等级6%进行招聘,并直接使用HVT来HireVibes奖励智能合约支付此奖励;这笔费用将降至5.7% — 价格降低了5%。将分配为:

  • 3.5%的HVT奖励给应聘成功的候选人(如果有推荐人,这个奖励将与推荐人平分)
  • 1.2%的HVT转到HireVibes DAC EOS账户进行社区投票(销毁)
  • 1% 转到奖励给应聘成功的候选人选择的一个或多个HireVibes慈善机构

b) 如果雇主将奖励设置为12%,例如以HVT支付,有5%的折扣,并按以下方式分配::

  • 9.5%的HVT奖励给应聘成功的候选人(如果有推荐人,这个奖励将与推荐人平分)
  • 1%的HVT奖励给应聘成功的候选人选择的一个或多个HireVibes慈善机构
  • 0.9% 转到HV DAC EOS账户进行社区投票(销毁)

计算方法:

a)最低6%,减少5%=(6/100 x 5 = 0.3)

(3.5%+ 1.2% + 1%= 5.7%)

b)最高12%,减少5%=(12/100 x 5 = 0.6)

(9.5%+ 0.9% + 1%= 11.4%)

结论

测量数字产品中病毒性的最佳指标称为病毒系数。精益分析中引用的VC David Skok将其定义为:

‘’每个现有客户

能够带来的新客户数量’’

通证(去中心化)应用程序提供了另一层病毒发展机会,这是现有数字产品还不曾拥有的。区块链技术通过让雇主 、雇员、客户持有同样的代币并朝着同一个目标来发挥协同效应,这就是通证经济的力量。

当前,HireVibes由全球205,768个代币持有者。(来源 https://eosflare.io/token/hirevibeshvt/HVT)

因此,也许度量去中心化产品的病毒系数的标准应该是:每个现有代币持有者能够带来的新代币持有者的数量。

大家复活节快乐!

HireVibes

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HireVibes

A new Jobs Dapp coming to EOS.io that incentivises Crowdsourcing - Get Hired, Earn More & Give Back.