Introducing the Future of $WORK

$WORK Rewards aligns economic incentives between all Opolis Employment Commons Stakeholders to support the future of the independent, self-sovereign worker.

Opolis
4 min readApr 22, 2021

The Opolis Employment Commons (the “Commons”) is excited to announce the launch of the community patronage token known as $WORK. Sign up here to start earning $WORK.

$WORK isn’t sold to the public or investors. The token serves as a unit of account for patronage and as a utility token for governance and staking inside the Commons. Hence ownership of $WORK is not simply enough, you must be a formal Commons Member to receive the full value of the token.

Commons Members are rewarded with $WORK for certain patronage activities: payroll consumption, Member referrals, and staking.

As the Commons grows Members are rewarded with new $WORK through a process called Payroll Mining. While there is no maximum cap on the total amount of $WORK that can be minted and distributed, new $WORK will only be minted once specific growth milestones are met.

During the Genesis Allocation, the Commons will mint and distribute 315,000,000 $WORK to Commons Stakeholders.

The initial Genesis allocation is split 52.4% to the Commons Community and 47.6% to the Trustee; Opolis, Inc.

Community Breakdown of $WORK

52.38% or 165,000,000 of $WORK is the Genesis Allocation that will be distributed to the Community.

Commons Treasury: 143,300,000 $WORK. (20% Vested) $WORK held in the Commons Community Treasury All $WORK held by the Community Treasury are held in a multi-sig Gnosis Safe controlled by the Stewards.

Stewards and Key Contributors: 6,700,000 $WORK. (20% Vested) Stewards and Key Contributors will be allocated 4.46% of the Commons Genesis Allocation.

Retroactive & Coalition Rewards: 15,000,000 $WORK. (100% Vested) Genesis Commons Stakeholders will receive Retroactive Payroll Mining Rewards for Consumption and Referrals which occurred prior to the Genesis Distribution.

Trustee Breakdown of $WORK

47.6% or 150,000,000 $WORK is distributed to the Trustee.

45,903,000 $WORK to the Trustee Treasury (20% Vested)

54,618,227 $WORK to the Founders & Team (20% Vested)

2,697,000 $WORK to Contributors (20% Vested)

46,781,773 $WORK to Investors (20% Vested)

Vested Circulating Supply

There is 27.08M $WORK or 8.6% in vested, non-treasury circulating supply directly following the Genesis Distribution. Unvested $WORK will vest in real time over a 4-year period via Superfluid. Recipients will not have to claim rewards. All $WORK will automatically be deposited into the digital wallet designated in the Member Dashboard.

Genesis Launch Referral Game and $WORK Rewards

The Commons is built by communities for communities. As a result the long-term success of the project depends on activating a network effect.

To get everyone in the mood, as part of the Genesis Allocation, Members can refer New Members to earn a substantial amount of $WORK in our Genesis Referral Game.

To participate, Members make referrals of New Commons Members and earn 1000 points for a Coalition Member and 10,000 for an Employee Member who join the Commons. Accumulate the most points between April 21st and May 31st and earn a share of 1,650,000 $WORK based on the following prize distribution schedule (based on 1000 players):

While we cover the basics here, there is still a lot more to $WORK. For the complete details, read the full tokenomics paper.

To begin earning $WORK and becoming a $WORKaholic, visit Opolis.co/rewards and sign up to get started. The future of the self-sovereign worker is now and starts with your support.

Genesis Distribution Launch

Open Membership Launch: Thursday, April 22nd

Time: 12:00pm MT

On Thursday, April 22 the Commons launches the ability to formally join the Commons as a Coalition Member. The New Members to joined the Commons receive 1,000 $WORK tokens + a limited edition POAP NFT commemorating your joining during the genesis block. The New Members who join before the Dashboard launches at noon MST on Monday, May 3 will receive 500 $WORK. After the launch of the Dashboard, the New Member reward will drop to 250 $WORK.

Have questions? Visit Opolis.co to learn more about how the Commons brings portable employment to the independent, self-sovereign worker.

Twitter — https://twitter.com/opolis

Discord — discord.gg/2cKMuFG

Telegram — https://t.me/Opolis

Website — Opolis.co

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