How the bitJob STU Token is Engineered for Stability

Some actions for our side to manage STU fluctuation in the near future.

Creating a New Ecosystem — for Students and Employers.

bitJob — the world’s first decentralized, global marketplace for student employment — is built upon a simple philosophy of “win-win” relationships. Whether we’re talking about our developers, advisors, contributors, or the students and employers who use the platform, we want everyone to to feel like they achieved a positive outcome in their interactions with the bitJob marketplace. This philosophy has also informed how we’ve engineered the bitJob STU Token Contribution Period.

The STU Token will be the lifeblood of bitJob’s student economy. It will be the currency through which transactions are executed, used for incentives and rewards, and will empower students around the world with ownership of digital currency. We’re proud to confirm a very healthy beginning for the STU Token, with Pre-Sale well underway and over $500,000 in contributions already confirmed. The STU Token Pre-Sale goes on until August 16th, and the Official Contribution Period kicks off on September 12th, 2017.

As the bitJob project moves into top gear, let’s take a deeper look at the mechanisms of our Contribution Period that will ensure a “win-win” experience for all of our contributors…

STU Distribution

The total supply of the STU Token is 200 Million units. Distribution of the STU Token will be as follows: 64% is reserved for the Pre-Sale and Contribution Period. 24% is reserved for bitJob founders, staff, and supervisory board, 5% will be allocated to marketing and media bounties, while the final 7% is reserved for technical processes like early stabilization of the network, testing, and a bug bounty.

We would like to state clearly and definitively that all tokens reserved for the founding team — 10% — will be locked for a period of 12 months and added to the STU platform stabilization pool, making a total of 16% of total STU built in to the market to ensure a stable platform and stable currency valuation.

Pre-Sale

The bitJob STU Token Pre-Sale is underway and continues until August 16th. 40 Million STU Tokens are reserved for the Pre-Sale. With a minimum contribution of 22.5 ETH, the rate of conversion is 1 ETH = 888 STU, and 1 STU = $0.25 USD.

As an incentive and gesture of appreciation for early contributors and supporters, the STU Token Pre-Sale features a 40% bonus of STU returned upon your contribution. Further, every STU Pre-Sale contributor will receive a hardware Bitcoin TREZOR Wallet.

Any leftover STU from the 40 million Pre-Sale pot will be added to the First Tier pool of the upcoming Official Token Sale, and all contributions are refundable until the Official Token Sale reaches its minimum target.

To learn how to contribute to the STU Token Pre-Sale, please refer to the bitJob website.

bitJob STU Pre-Sale — By Ashton Addison.

bitJob STU Token Sale

The official STU Contribution Period will begin on September 12th and will continue for 30 days, until October 13th, 2017, and the rate of conversion will be announced at the conclusion of the Token Pre-Sale.

88 million STU Tokens are reserved for the Contribution Period, and any remaining STU previously allocated for the Token Sale will be added to the (16%) Stabilization Pool and will not become available for 12 months.

STU Token Utility

The bitJob platform will feature a unique Hybrid Model that allows for compensation in our marketplace of services to be paid in STU, or through a PayPal portal that uses an oracle to transact through STU. Additionally, through partnerships with companies and universities around the world, bitJob users will use STU to access exclusive rates on anything from books to services to student travel. STU will also be used to incentivize quality control of job postings and applicants, and will be used as a reward in our affiliate referral program.

The STU Token presents a multifaceted usage case to a segment of the population who will be most amenable to new technology. We’ve worked to make the bitJob Pre-Sale and Token Sale as fair and transparent as possible and are committed to ensuring a stable launch of bitJob and the STU Token as we execute our roadmap through the conclusion of our Contribution Period in October and on to a successful product launch in early 2018.

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We are working around the clock to support our community.

bitJob presale is ending August 16th.

Join our movement! Be the movement!