Empleos.io Whitepaper Update: News and Highlights

6 min readOct 3, 2018

Recently we have updated our whitepaper. Moreover, we translated it to Spanish and Russian languages to engage the wide audience.

So, what’s new in v.4.1 of our Whitepaper?

Token value and liquidity points:

★ High utility value

★ Self-sustainable due to growing market demand

★ Token mission is to become a standard means of payments on the Labour market

★ Leveraging NEM Blockchain features

★ Liquidity manageable by Empleos team

★ Risk management in all areas — tokenomics, security, technology and

regulatory.

The entire Business Model presented:

The cost of each employer’s request to a candidate profile on Empleos.io platform is 1 PLEO token.

The candidate receives 0.7 token as payment.

Empleos.io will receive 0.18 token as commission for platform maintenance and feature upgrades.

0.12 token is paid as a network fee to NEM.

We will provide the algorithm of automatic service price adjustment for the cases when current token rate exceeds a specific threshold to keep our services at affordable pricing level.

Also, we have updated the planned growth estimates for the Number of verified candidate profiles (as shown above) and for the Revenue:

New features for Employers uncovered:

Jobs Posting

Employers or recruiters have an opportunity to post their jobs in our platform for free as long as they have a positive account balance in PLEO. Jobs are being scanned, analyzed and confirmed by Empleos AI. We also use jobs aggregating from our regional partners job boards to provide better opportunities for a successful jobs search. Jobs posting and aggregating functionality is scheduled to be implemented at Phase 1 of the project.

Premium Placement

We offer premium placement both for candidate resumes and employer jobs. Premium resumes and jobs are prioritized and highlighted in search results giving them much more of exposure.

Advanced analytics allows employers to view aggregated statistics of their searches and views of candidate profiles as well as aggregated statistics of their posted jobs.

Payroll

Payroll functionality allows employers to pay salaries to their employees in PLEO tokens. We charge 0.5% commission off payroll payments.

Payroll functionality is scheduled to be implemented at Phase 3 of the project. While rolling out our platform to each specific domestic market we will work on all local regulatory, legal and taxation issues in collaboration with our regional advisors.

New functionality for Candidates revealed:

Freelance Jobs

Freelance Jobs functionality allows clients to post their freelance jobs, search for freelancers and offer jobs to the freelancers with matched skills and rate. It allows freelancers to post their profiles, search for freelance jobs and submit offers to clients.

After a client and a freelancer met each other the platform provides them the payment and escrow services. We charge 3% commission off clients payments to freelancers. All the payments are being made in PLEO token.

Freelance Jobs functionality is scheduled to be implemented at Phase 2 of the project.

Global Job Board: the approach of Empleos.io

We create a global job board in the scope of Empleos.io project. It will be a hybrid job board which offers:

1. Resume search, resume access and jobs listing for employers;

2. Job search, job access and resume publishing for job seekers;

3. Jobs aggregating from other job boards, recruitment agencies and big employers.

Jobs publishing is free for employers as long as they have a positive balance in “PLEO” tokens in their personal Empleos accounts. Both employers and candidates can utilize their tokens towards all premium services within the platform. Our web site as a job aggregator will integrate with other leading job boards using their XML feeds (for free) but trade the traffic for integration of “Submit resume to Empleos.io” functionality.

Users can manage their profiles and “PLEO” token balances on our website.

In Phases 2 and 3 of the project, Freelance Jobs and Payroll functionality will be implemented. We will also integrate third-party value-added services into our platform during the lifespan of the project.

Mobile Solutions and Open API introduced:

Mobile Solutions

Our global job board will be optimized for mobile devices such as iPhone and Android. This will provide a seamless experience for both desktop and mobile users.

In Phase 2 of the project we will develop mobile app which will have the desktop platform functionalities available on both iOS and Android devices.

Open API

Our open API will allow third-party developers to create custom applications for Empleos platform and PLEO token including candidate matching and jobs searching apps, custom cryptocurrency wallets and value-added services.

PLEO Token Mission, Distinctive Features, Risk Management and Tokenomics at a glance:

PLEO Mission

PLEO mission is to become a standard means of payments on Labour Market including Online Recruitment, Freelance Projects, Payroll and third-party value-added services. Our goal is to create a seamless experience for users, popularizing use of cryptocurrencies among people who are still not aware of crypto market and its opportunities, create a positive social impact and contribute to the ongoing crypto revolution.

Distinctive Features

1. Token utility value growth is provided by the constantly increasing demand for the token on the market and by regional expansion. Our primary audience is not the existing crypto community but the people (candidates and employers) who are still unaware of crypto market and its opportunities.

2. We will have the working platform by the end of the Token Sale Events and all the funds raised will be actually used for further development and global expansion.

3. We are ready to deal with regulatory and compliance issues.

4. We create a world class technology with high security level.

Risks Management

1. Financial risks: token liquidity and ROI rate are driven by growing market demand so the chances of the token prices dramatically going down are almost eliminated. We are aware of volatility risks in the early stage of the product roll out and we will use buyback and burn mechanism to keep the token rate stable.

2. Regulatory risks: as long as we are creating a global platform we can manage regulatory issues by changing priorities in our regional expansion and dealing with compliance issues on an individual basis. We are sure that many of the country-specific regulatory issues will be resolved in the near future.

3. Development risks: we have an experienced development team which was able to develop the beta version of the platform in a short time and we are absolutely sure that we can develop all new features in a timely manner.

4. Security risks: we focus intensely on security throughout the development process, moreover we will run independent security audits and reviews on a regular basis.

Private Sale extends up to November 10, 2018!

As we continue to build our Empleos.io infrastructure, securing partnerships, and expanding our team with valuable members and advisors, we have created a WhiteList to invite interested parties to join our Private Sale, with first come first serve priority to receive the highest Bonus rate. If you intend to participate in our private sale please visit the following page: https://empleos.io/pages/private-sale/. The Private Sale ends on November 10, 2018.

Legal Disclaimer added:

One more important update is adding to Empleos.io the Legal Disclaimer (starting Page 36 in EN version).

We engaged the Legal Advisor, Christina Rea, Esq. She has 15 years of experience in financial markets, legal practice, and regulatory compliance. She currently owns her own compliance consulting practice, CR Compliance Consulting, where she specializes in AML, KYC, ICOs, & Fintech regulatory compliance.