Epoch 7 Is Imminent

Important: TONIGHT — Tuesday, July 13th Staking Deadline!!

Hello Commons Members!

Thank you for reading this important announcement!

Staking for Epoch 6 ENDS TONIGHT and we want to make sure you stake your new $WORK Tokens before the snapshot at 11:59PM MST.

All $WORK that is staked before that snapshot will be included in the distribution for Epoch 6’s “Staking Rewards” bucket, which accounts for 20% of the 5 Million $WORK being minted (1 Million $WORK).

What does it mean that Epoch 6 has closed?

Epoch 1–5: $50k, $100k, $150k, $200k, $250k

Going back to the Genesis drop, Opolis actually cleared the first 5 growth milestones before the genesis launch, so those respective 25,000,000 $WORK were distributed together as part of the launch.

Epoch 6: $300,000k

Closes tonight at midnight, so anyone who has staked before the snapshot tonight will earn a pro rata share of the 1,000,000 $WORK (20% of 5M) being distributed.

The next Epoch: Epoch 7: $350,000

When Opolis runs $350,000 worth of payroll in a cycle (we run payroll twice per month, so there are 24 payroll cycles in one year) we will reach the next growth milestone, closing Epoch 7, minting 5,000,000 more $WORK that will be distributed.

As a reminder, here is the breakdown from the $WORK tokenomics paper

What about Epoch 8?

Epoch 8 will start when Opolis runs $400,000 in payroll volume in a payroll cycle. You may now be wondering, well how do these growth thresholds get achieved???

We all earn more $WORK when we reach growth thresholds. There are a few ways you can earn more $WORK:

1. Refer an Employee Member to the Cooperative.

If you remember from above, you earn a pro rata share of 1,500,000 $WORK that goes to the referrers of Employee Members

2. Stake your $WORK to earn more $WORK.

If you keep your $WORK staked from the snapshot that starts Epoch 7 through the snapshot that closes Epoch

3. Become an Employee Member and earn $WORK for your consumption.

Schedule a meeting with a Membership Steward to see if Membership is right for you. Imagine getting paid to pay yourself… wild.

We’re well on our way to building a global public utility infrastructure for employment, one that uses positive-sum gains, abundance-based economics, and patronage to align incentives so that everyone is working toward the same goals. We are working toward growing the cooperative, but we can’t do it alone. If there is one thing we’ve learned: community is key. You’ve been an amazing community so far and we’re excited for reaching these Epoch milestones with you.

If you haven’t claimed your $WORK yet, please sign into your Opolis dashboard. From the dashboard you’ll be able to claim any tokens distributed to you for the first 5 Epochs. If you’ve forgotten what an “Epoch” is or would like to learn more about Payroll Mining, check out the Payroll Mining section of the tokenomics paper. We appreciate all of you who have supported us to this point, and we are only just getting started!

If you have any questions regarding staking feel free to hop in our discord and ask questions: here

Thank you again for being an early valuable member of this quickly growing community.

Now back to $WORK,

Opolis Stewards