It also resonates with X, the new name of Twitter, which can increase the platform’s reach. If you want to do more research like this one, join Altcoin Buzz Alpha.

Since the gig economy is growing at an unprecedented rate, the decentralized platforms will be able to compete with existing web2 companies like Upwork. The project has big backers like the EU Commission, Deloitte, etc. $WORK is the native token, which also has an AI narrative in job matching.

Key Metrics and Token Generation Event (TGE) Details
  • IDO Platforms: Enjinstarter, Decubate, Poolz, Chain GPT,
  • Website:
  • Twitter:
  • GAP and FCFS Dates: 29 Nov 2023, 1:00 AM UTC – 30 Nov 2023, 1:00 AM UTC | 30 Nov 2023, 1:00 PM UTC – 1 Dec 2023, 1:00 PM UTC.
  • Initial Supply: 3,176,136 WORK.
  • Total Supply: 100,000,000 WORK.
  • Initial Market Cap: $135,227.
  • Total Raise: Enjinstarter will raise $200,000 and the total raise $750,000.
  • Vesting: 15% at TGE; 21.25% monthly for 4 months.
  • Enjinstarter Refund Policy: 7-day optional refund (If you don’t claim tokens from Enjinstarter within 7 days of TGE, you will get a refund of the full amount.)

Why we will Participate in WorkX IDO?
  • Good partners: EU Commission, Deloitte.
  • Zero Marginal Cost Platform: WorkX operates as a ‘zero marginal cost’ platform in the ‘Internet of Jobs’, minimizing commissions and optimizing salaries. This may attract several web3 startups to switch to decentralized alternatives.
  • Enhanced Privacy and Data Ownership: WorkX emphasizes personal data ownership, allowing individuals to control who they share their data with and enabling the revocation of access at any point. It utilizes advanced machine-learning techniques to improve algorithms without sacrificing privacy and has the AI narrative.
  • Data-Driven AI Recruiter: WorkX employs a data-driven AI recruiter strategy to efficiently match candidates based on objective Work Performance Indicators (WPIs). This saves time and resources otherwise spent on traditional recruitment processes.
  • The initial marketcap is relatively low.

This is a short-term hold due to its high emissions later on. Only 3% of the supply is in circulation at TGE. However, the project could have long-term value too. This will depend on startups’ onboarding to WorkX platform.

Risks to Consider

As with any crypto project, there are always risks to consider.

  • Competition: There are tons of work outsourcing and HR platforms out there; even Twitter is fast becoming a tool for hiring anonymous candidates. WorkX will need to do onboard good companies with constant hiring rates and keep on adding startups as partners to survive. In the long term, if WorkX has to survive and thrive it should establish itself as a serious contender to UpWork or LinkedIn.
  • Web3 is not a strong job economy: The hiring rate is high in the bull market and the firing rate is high in the bear market. Therefore a project based on hiring and employment will find it difficult to survive in the bear market.
  • Token Utilities: The token WORK has minimal utilities, which are not attractive for holders. The platform’s revenue mechanism also has some problems.

Profit Taking Strategy

There can be 3 scenarios:

  • The Token does 10x or more: Since the TGE market cap is $100k, it can easily pump to $1M or above. If the market cap reaches $1M, sell the 15% you received. Ideally, we will get back our initial investment. Our profit will be the vested tokens (85%).
  • The Token does 5x. It is your decision: You can recover 85% of your initial, however, the 21% unlock in the following month can cover your initial capital fully. If you choose not to risk the initial, it is better to proceed with the refund.
  • The token does <3x-5x: Go for the refund.

Warning: Since it is getting listed on CEX on December 5, we will see the price action and volatility at the time of listing. Be ready to deposit and set sell orders at 5x, 7x, and 10x to catch the price action. This is time-sensitive.

THIS IS NOT A LONG-TERM HOLD (considering only 5.7% is circulating initially)

After the TGE, we will update you based on the price action and team meeting proposed roadmap. Also, we will examine the token distribution and token contract.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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