• Business services
  • Freelance
  • Sofware

Blok 3/5 (1) - Revolutionizing the workforce through blockchain

BLK token is the main medium of transactions on the Blok platform, facilitating payment for finished gigs to the contractors. Blok abstracts away the complexities of paying contractors in over 200 jurisdictions with numerous payment systems by putting all payments on the Blok platform through Blok tokens (BLK). Blok tokens serve the utility purpose of being the only protocol-compliant way to determine, describe and process payments for gigs on the Blok protocol. Using tokens have advantages over fiat- or cryptocurrency of being locale- and payment-method-independent, as well as being specific blockchain-independent (in the future, Blok protocol may be moved off the Ethereum blockchain...

Token sale ended

3.0
Hype2.0
Security3.0
Team4.0
Vision3.0
  • Token: BLK
  • Price: 1 ETH = 5700 BLO
  • ICO start: 10 Apr 2018
  • ICO end: 10 May 2018
  • Country: Cayman Islands
Report Changes

Please rate this

BLK token is the main medium of transactions on the Blok platform, facilitating payment for finished gigs to the contractors. Blok abstracts away the complexities of paying contractors in over 200 jurisdictions with numerous payment systems by putting all payments on the Blok platform through Blok tokens (BLK). Blok tokens serve the utility purpose of being the only protocol-compliant way to determine, describe and process payments for gigs on the Blok protocol. Using tokens have advantages over fiat- or cryptocurrency of being locale- and payment-method-independent, as well as being specific blockchain-independent (in the future, Blok protocol may be moved off the Ethereum blockchain without losing balances of any of the tokenholders).

In order to post a valid offer to the blockchain, a company is supposed to escrow a necessary amount of BLK tokens within the gig’s smart contract. BLK tokens, in this case, can be acquired during Blok’s token generation event, received (donated or bought) from the existing token holders, or extracted from the contractors by exchanging their earned BLK tokens into fiat by paying them off-chain

The Blok token generation event and the corresponding crowdsale will be organized by Blok Inc., a Cayman Islands exempt company, and will be organized around smart contracts running on Ethereum. Participants willing to support the development of the Blok project can do so by sending Ether currency to the designated address, after being properly whitelisted by going through a KYC/AML process. By doing so, they are purchasing Blok
tokens (BLK) which are sent instantly to their wallet.

The Blok token will be an Ethereum-based token of value. The token is a digital asset, bearing value by itself based on its underlying assets, properties and/or associated rights. Ethereum-based tokens rely on a well-established Ethereum infrastructure, benefitting fromseveral advantages:

● Security and predictability (as opposed to running on a less secure blockchain or writing blockchain infrastructure from scratch)

● Use of robust and well-supported clients (most Ethereum clients can support Ethereum-based tokens and any transactions with them)

● High liquidity (interchangeable with other Ethereum-based tokens or Ether), easier
listing on exchanges with infrastructure already in place

The Blok token generation event and the corresponding crowdsale will be organized by Blok Inc., a Cayman Islands exempt company, and will be organized around smart contracts running on Ethereum. Participants willing to support the development of the Blok project can do so by sending Ether currency to the designated address, after being properly whitelisted by going through a KYC/AML process. By doing so, they are purchasing Blok tokens (BLK) which are sent instantly to their wallet.

Team

Barton Rhodes

Data Scientist

Alya Cherevko 

Frontend Engineer

Kirill Kazakov 

UX Designer

Aamir Sohail 

Community & Marketing

Advisors

Wulf Kaal

Entrepreneur, Technologist, Professor

Milestones

  • 2017 Q4
    Origin Blok idea is created within the Lutrovnik R&D consultancy through working with gig economy companies and observing their operating processes and unsolved needs.
  • 2018 Q1
    Assembling the team, pre-ICO Assembling majority of the international team behind Blok, developing the concepts of operation of the Blok protocol, doing the private token sales and pre-ICO.
  • Q2
    ICO, protocol development Acquiring funds for the further development from an ICO, finalizing the open protocol and acquiring first customers to implement the protocol with.
  • Q3
    Client apps launch Launching minimum viable products for browsing, managing and getting paid through the web, phone and tablet apps for blokpreneurs.
  • Q4
    Partner integrations, scaling up Integrating with a significant amount of gig economy companies, iterating and improving on the official client apps and core protocol.
  • Q1 2019
    Economic expansion Fulfilling the promise of Blok of enabling blokpreneurs all over the world to join the gig economy, expanding in different markets and industries, developing innovative products to foster gig economy growth.

Token

  • Platform: Ethereum
  • Price: 1 ETH = 5700 BLO
  • Accepting: ETH
  • Token distribution: 65% - sold during the initial token offering, in several stages 18% - a reserve to sell to the companies in cases when the open market cannot satisfy given company’s immediate needs 13% - to the team, advisors and early contributors 4% - community and partners as part of the bounty program, referral programs, community events and partnerships
  • Hard cap: 360,000,000 BLK

Proof Points
3/5

Legal entity

Registered Address: Cayman Islands

https://portal.kyckr.com/AvailableProducts.aspx?code=offline

Prehistory of project

It is written that base Blok company is Luvtronik but its website is down at the moment. Prehistory cannot be proved,

Product or its MVP

According to the roadmap, client launch is planned for Q3 2018. No other MVP were found

Blockchain experience

Advisor Adnan Javed – Advisor at Sapien and ETHLend

 

Advisor Ismail Malik – Editor In Chief at ICO CROWD, CEO of BlockchainLab

 

Advisor Dean Karakitsos – Founder of Bloqchain Science, Advisor at AnkorusTranscodiumCannaSOS and Dogezer

 

Advisor Wulf Kaal – Advisor at Opporty

Escrow

No escrow information were found

Comments

Update: 09.04.2018

Media

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

Casinos

Choose from the top online casinos
in UK and enjoy the fun!

Read More  ›

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.