The global recruitment market is a $US460 billion market, according to the 2016 Cietts Economic Report. One crypto startup looking to sieze a piece of the profitable pie is Global Jobcoin (https://www.globaljobcoin.com/). Investors looking to back this recruitment up and comer will be able to through their Initial Coin Offering (ICO) being held during September and October.

Global Jobcoin Overview

Global Jobcoin (GBJ) is a cryptocurrency that employers and employees will be able to use on the JobsToday websites. The JobsToday websites are a portfolio of existing job websites in Germany, Poland, Austria and Switzerland. These websites have been very successful with a growth rate of over 500% in the previous twelve months. Jobstoday is looking to build on that success by leveraging blockchain technology.

Many people today search for jobs on the internet and they can find many of them through the numerous freelancer websites. They usually get paid for their work by traditional way over Paypal, Skrill or using credit cards. The freelancer websites usually take more than 10% from any of your project earnings. That’s why the main idea of Jobstoday founders is to help individuals and small & medium businesses in finding jobs and good and talented employees with significantly reduced fees. Also, their main goal is to make Global Jobcoin as a currency that will be preferred for employment services not only at Jobstoday but a worldwide.

So what is Global Jobcoin and how it works?

Global Jobcoin is the ERC20 decentralized token that you can use to pay for employment services. With the Ethereum block chain, this token is created for employers and employees from all over the world. Using Global Jobcoin, international employers will be free from currency conversion. Using a token on the blockchain will also help to reduce the cost of payment fees. Using traditional methods of transferring funds can lead to fee up to ten percent of the total transferred. Transfers made through the blockchain will only be a fraction of this.

Global Jobcoin will be used at all Jobtoday platforms based in Germany, Switzerland, Austria, and Poland. The founders also offer the integration of Global Jobcoin as a payment solution to other Job boards platforms. It the first quarter of 2018, they will be running a trial with over more than 200 clients based in Switzerland and Germany. After they successfully complete the trial, their plan is to implement Global Jobcoin across all platforms in the second quarter of 2018.

How to be a part of ICO Crowd Sale?

Jobstoday platforms is a product of Sunny Look Media LLC from Switzerland. The founders of Jobtoday, Sanket Deshmukh & Lukasz Ochnik haven’t yet had to take out external financing for the websites in the portfolio. Now, they are raising funds in order to expand Jobstoday to a lot of countries around the world.

With the ICO Crowd Sale which starts 28.10.2017-15:00 UTC and ends 6.12.2017-15:00 UTC, they will try to achieve and fund and a lot more marketing and sales channels and to get many new customers.

If you want to be a part during the crowd sale, you must use only Ethereum (ETH). All you need to do is to transfer the ETH to the contract address which will be shared during the crowd sale on the website. You just need to make sure that you entered the correct contract address.

Watch the explainer video here:

Further Reading

For more information about the Global Jobcoin ICO

Global Jobcoin Official Website: https://www.globaljobcoin.com/

Global Jobcoin Whitepaper: https://www.globaljobcoin.com/media/files/documents/GJC_Whitepaper.pdf