Innovation is driven by necessity. The need for more efficient, frictionless access to talent has never been greater. We are also seeing a paradigm shift in the expectations of workforce participants who are caught in a one dimensional loop of trading time for money. Great talent should be accessible
Broken systems, transient workforces, skill mismatches, and constant innovation all represent the perfect storm. This is underpinned by a backdrop of economic uncertainty, financial insecurity, technological evolution, and a loss of confidence in the legacy system. We need to reinvent.
Addressing this requires a disruptive and engineered response that provides a win for all stakeholders. Avatr is a Web 3.0 P2P DApp that will correct the shortfalls of the legacy system with technology that incentivizes workplace participants above and beyond traditional norms.
Avatr will provide excellent utility for employers and candidates in an environment of full visibility, speed, and enhanced user experience. Underpinning our recruitment mechanics is the utilization of NFTs and robust tokenomics that will redistribute what was previously spent in a multi-layered process back to users of the system.
Creating Your Avatr
All employers and candidates on the system will create their Avatr, which is the first step in the tokenization process that unlocks the measurable value of workplace performance. An Avatr is a tokenised representation of the creator’s performance platform.
The NFTs comprising an Avatr are created via a minting process and represent a major structural milestone in enabling participation in the system. Performance based rewards generated from these NFTs are shared by the creator and community of holders.
The ultimate objective is to gain as much exposure to a wide range of workplace talent as possible, either on the employer or candidate side. NFT ownership can be achieved by:
Purchase from the Avatr Marketplace.
Refer candidates or employers who create an Avatr and receive a 5% share of their NFTs.
Rewards via airdrops to community members.
The opportunity to access a borderless pool of workplace talent will now exist in a system that represents the epitome of shared community success and meritocracy.
Exposure to high performing Avatrs whose NFTs are dynamically valued to generate rewards will be both strategic and rewarding. Performance and system usage is incentivized for every stakeholder, which underpins this unique economy.
Avatr’s technology creates the foundation for an outstanding user experience, innovative opportunities, and vibrant community. We’ve chosen technology partners in Polygon that will help us achieve the best quality, first-class security, and rigorous operational support. Avatr is built for the Web 3.0 citizen to have an immersive environment. It is powered by an easy-to-build 'low code' platform for community members creating and publishing their Avatr. Rewards will go to those who truly deserve it – the candidates, employers, and community.
Rewards System
Performance is measured by several metrics which enable the system to assign an APC (Avatr Performance Coefficient) to every Avatr. The APC will govern the dynamic nature of NFT values that comprise an Avatr and determine the size of the reward pools generated. Rewards are shared between the creator and NFT holders of a given Avatr.
Avatr’s native token TLNT will fuel the rewards system and will be created as an ERC-20 token to be deployed on the Polygon blockchain. In Avatr’s business model, there are several platform-related sources of token inflows and outflows, all of which are underscored by delivering true utility to community members.
The sustainability of the rewards system is dependent on a diverse and dependable range of system inflows which provide ongoing viability. Our governing algorithms are continuously stress tested and designed to protect system integrity.
