STU token, EtherDelta and imToken

bitJob, a distributed platform for student employment in which participants freelance, discover new career opportunities and cash their reward in crypto, has today announced two strategic partnerships ahead of the token launch for ERC-20 token STU, commenced September 12, 2017. bitJob met their minimum goal for operation in Europe and now looking towards expansion to the United States of America, targeting at $10 million USD.

The leading Chinese wallet imToken by ConsenLabs will offer bitJob tokens for direct purchase via its app while also allowing users join the marketplace testing, as EtherDelta by EtherBoost will enable exchange of bitJob tokens to other Ethereum based tokens.

bitJob CEO Dror Medalion said:

“bitJob is proud to partner with industry leaders imToken and EtherDelta ahead of our token launch. With global demand for our STU tokens, bitJob is confident that these partnerships will give our supporters easier access to participate in the token launch and more convenient trading along with enhanced services.”

STU available on imToken wallet

bitJob’s new partnership with leading Chinese mobile Ethereum wallet imToken will let imToken users safely participate in the bitJob token launch directly through the ICO Pro DApp in the digital wallet. imToken is one of the few mobile wallets compatible with Ethereum-based ICO tokens and one of the safest ones.

Following the token launch, bitJob will be fully integrated as a DApp within imToken, letting supporters purchase STU tokens via the wallet’s easy-to-use interface as well as store and trade their newly-purchased STU tokens in the assets tab of their wallet.

In addition, imToken users will be able to access and engage in the bitJob Student Marketplace on their mobile devices, utilizing the DApp to test, experience, and make the platform as user friendly as it gets.

Dror Medalion said:

“bitJob has seen great interest from Chinese supporters, which are our second largest market with more than 25 million students. We are delighted that this partnership with imToken, the first Chinese Ethereum-based wallet, will enable them to safely participate via their PC, Mac, Android, and iOS devices. The partnership will also support bitJob’s expansion into more markets due to the global popularity of the imToken wallet, handing STU token to over one hundred-thousand discerning users.”

EtherDelta STU/ETH order book

Through bitJob’s partnership with EtherDelta, STU tokens will be available to purchase with other ERC-20 based tokens.

EtherDelta is a decentralized Ethereum token exchange, brought to you by Etherboost. Here, users can trade any most Ethereum-based tokens such as Iconomi, Augur, OmiseGO and others. The exchange currenly has only one fee, which is the 0.3% taker fee. Deposit, withdraw, and maker transactions are all free.

Dror Medalion added:

“We are focused on increasing accessibility to bitJob’s employment marketplace and providing users with the best experiences possible. By avoiding the high friction associated with buying cryptocurrencies, EtherDelta will help bitJob better reach a wider audience that is unfamiliar with the cryptocurrency industry, driving blockchain tech to the mainsteam.”

EtherDelta is at the forefront of a wave of decentralized exchange projects that also includes 0x, BitShares, KyberNetwork, and Omega One.

Decentralized exchanges were created specifically to address centralized exchanges’ vulnerability to theft of user funds. In a decentralized exchange, users retain a degree of control of their own funds. They do not send money directly to a wallet that is controlled by a single entity. Instead, trading orders, and thus the release of user funds, are authorized directly by users via digital signatures. In principle, therefore, user funds cannot be stolen.

Further information and the bitJob whitepaper is available at https://bitjob.io/.

A Short Q&A session:

A kind reminder for those who forgot what bitJob is:

The world’s first global marketplace for student employment built on the blockchain. The core element of the bitJob mission is to connect university students with the next generation labor opportunities, for gainful employment and engagement with digital currency.

Q: What problems does STU token solve?

A: bitJob marketplace connects students with SMB/SME for online short-term jobs and rewarding them with cryptocurrency (STU — the student token), Solving a variety of painful problems:

Students: (1) Short on cash during their academic period and (2) are lacking occupational experience once they graduate.

Employers (SMB/SME): (3) Find it difficult to hire quality temporary workers that fit their budget and (4) most of them fail in recruiting students.

Blockchain tech: a Wonderful tech with some well-known problems — (5) The reputation of Bitcoin and the mainstream lack of trust in it, (6) it is too difficult to use it, (7) there is a lack of understanding and knowledge, (8) problematic regulatory environment and frankly, (9) there is no sense of urgency or need throughout the wide public concerns (we all use banks and other centralized platforms today).

Q: What is the STU token value?

A: The STU token will be used inside the marketplace only for executing transactions between all parties involved. Students will be able to be rewarded with immediate payments in STUs (with proper incentives) or PayPal. For example, an exchange student will be able to use STU token wherever he chooses to study, and to spend it in his local around-the-campus small businesses, without using its local currency.

Q: Why would the value increase over time?

A: Apart from trading and executing transactions on the platform, our currency has many benefits. It will be used in a variety of stores in the various educational institutions, and for student services such as photocopying, barber shops, etc. Moreover, Professors, doctors and teachers will be rewarded in STU for auditing and rating (“Judging”) of the students work, ensuring its quality. In the near future, top “5 star bitJob students” will be able to become Judges themselves, getting rewarded with STU.

We are creating new collaborations with top academic institutions everyday, driving crypto to the mainstream by emphasising the enormous demand.

Q: Why would the value increase faster than BTC or ETH?

A: Demand and user adoption increases value.

That is why bitJob will promote the education needed to implement decentralization and freedom of choice, through the next generation of the labor market — Mainstreaming Blockchain.

The bitJob Impact Value is developing new ways to earn money for the worldwide HR agencies and every student unions out there — by offering them to become bitJob affiliates. Nowadays, all sides are losing.

Combining bitJob business model with Blockchain tech, allows us to break physical barriers, unite students globally and to offer everyone a Win-win scenario. That is the bitJob firm culture.

Securing the student unions (will earn a fee from every student transaction they registered into the marketplace) will help us grow and register new users every day, while the HR agencies (fees from registered jobs) will ensure the flow of online short-term jobs into the marketplace.

Do note that students will never pay any fees using bitJob!

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