GRT Token: what is it?

The GRT token, or RecruitCoin, is a GoRecruit project token based on a grt-token smart contract. Its base is the ERC-20 standard for the Ethereum blockchain platform.

GRT Token is a payment method for calculating the rating of a single candidate within the GoRecruit system. The initial value of the token is equal to 3 dollars and is equivalent to the cost of the rating of one candidate. It significantly reduces the cost of the recruiting process. Prices for GoRecruit services will be recorded in official currencies; however, the cost in GRT tokens will always be lower. It will stimulate the demand for GRT tokens over time.

The token economy of GoRecruit relies on using GRT as a means of payment for all services on the platform, as well as for transfers between GoRecruit users. This approach makes the token equally convenient and useful both for experienced users and for an audience not familiar with cryptocurrencies.