Starbiter, the app that helps you find verified personnel for short term work has launched the digital currency called BIT. All registered and validated users receive free bits at registration. The number of allocated bits decreases by one bit per day, so early adopters that download the application get more bits.

THE GAME OF WORK

Bits cannot be bought with or converted into Euro, but they can be used for claiming and rewarding the help of Starbiter community members by posting ‘shifts’ (for ex. volunteering, furniture assembly, cleaning, providing help to the elderly etc.). The applicant posts a shift (location, duration and the price in bits) which is claimed by the first interested user.

Starbiter operates similarly to Facebook, where users create content free of charge and companies pay for ads. The mutual help model used in rural communities or the modern ‘timebanks’ also work on the same principle. Last but not least, Starbiter transforms available time and mutual help into a game similar to Monopoly or The game of life.

THE ANTI-BITCOIN

Bits are the anti-bitcoins:

- They are optimized for providing help and volunteering, not for value increase;

- They are distributed in a free and fair way to Starbiter users, not mined/bought;

- One can increase their number only by helping the people around them.

Why do we distribute the currency for free? “We are all born on credit. At the beginning of our lives our parents grant us credit that we can never reimburse (not in money at least).” - Călin Fusu, CEO of Neogen SA (Starbiter shareholder). “We hope that bit will encourage mutual help and the effective use of time for helping the community.”

IN WORK WE TRUST

Starbiter is an app that helps you find verified personnel for short term work (5 hours to 5 days), and is used by companies to manage seasonal peaks or urgent staff needs - an Uber for workers. Companies add shifts paid in Euro - Starbiter retains a fee and income tax. Students and people with free time on their hands use Starbiter to make an extra income and gain professional experience.

Neogen SA is a company registered in 2000, whose shareholders include Călin Fusu and the investment fund Tiger Global. Neogen owns shares at BestJobs (recruitment platform), Zumzi (motivation and benefits service), Vivre (online shop for interior design and home deco), iTaxi (taxi app in the Rep. of Moldova) and Clever Taxi, until its sale to Daimler AG.