Opolis, a digital employment cooperative that offers high-quality, affordable benefits and shared services to independent contractors, freelancers, digital nomads, solo workers and lone workers, today announced the launch of its new community patronage, WORK.
Over the past year, the Opolis Employment Commons (Commons) has developed an economic model that rewards members of the Commons for patronage activities described as wage consumption, new member referrals, and eviction. As a utility token for control, deployment and patronage distribution within the Commons; WORK owners must be an Employment Commons member to receive full benefits.
“We align the incentives and outcomes of our community with the activities that deliver value and ultimately build a sustainable public utility infrastructure owned by members for the independent worker. We start in the US, but plan to expand globally to serve a global workforce. “
– John Paller, Opolis Executive Steward
During the Genesis allotment, the House of Commons will create 315,000,000 WORK and distribute it to the stakeholders of the House of Commons. There is no maximum limit on the amount of WORK that can be generated, although WORK is only hit if specific growth milestones are reached by the community members.
Immediately upon the completion of the Genesis allotment, 27,800,000 WORK will be in non-treasury circulating supply. 165,000,000 WORK is allocated to the Commons Community and 150,000,000 is allocated to the Commons Trustee; Opolis, Inc.
Superfluid and RaidGuild partnered with Opolis’s core team to build the technology that WORK will deploy for the Members of the Commons. Superfluid will continue its partnership with Opolis to bring streaming funding to payroll and other work-related use cases.
“Opolis uses Web3 technologies to improve the work experience for the 21st century. Streaming salaries and incentives are basic components in our vision for the future, and we are very excited to partner with Opolis to realize this vision together. “
– Francesco Renzi, Co-Founder and CEO of Superfluid
To read more about WORK details, check out the token economics paper here.