WoofWork io

Woof Work (WOOF) Cryptocurrency

When you see Woof Work's adorable dog mascot, you might think it's just another meme token trying to compete with DOGE, SHIB, and many other similar tokens. However, this is far from true: the Woof Work project calls itself “The Upwork Killer.”

Woof Work is a crypto marketplace built for Shibarium, Shiba Inu's second-tier solution that will connect freelancers (designers, writers, IT and marketing specialists, etc.) with clients once the platform launches in 3- 1st quarter 2023.

There is a native ERC-20 token, WOOF, which can be used for payments on the platform along with over 100 other coins, including ETH.

With their Woof Work Platform, the creators of this project aim to solve the problems inherent in existing freelance sites, including Upwork and Fiverr. One of the problems is high commissions for users. Woof Work promises 0% commission if users are paid in WOOF. For other coins the commission is up to 5%.

Additionally, those who work with traditional freelance platforms must go through a complex KYC procedure, and sites can subsequently disable user profiles without any explanation (for example, if they suspect a person is running a business outside the platform). Woofers (as Woof Work calls its users) will have the opportunity to work anonymously.

Other problems that the project promises to solve are fierce competition between freelancers, paid applications for work, and even chaotic design.

To prevent potential scammers from taking advantage of the anonymity provided by their platform, Woof Work pays great attention to security. To achieve this, they have partnered with the Unification Foundation to create Oracle of Oracles (OoO), which provides secure price feeds for multiple cryptocurrencies on their platform.

In addition, Woof Work implements BEACON functionality, which includes hashing and storing all transactions made on the platform in a Merkle tree. The resulting root hash is then transmitted as a BEACON timestamp. As a result, all agreements made between Woofers and their customers are securely stored unchanged on the blockchain. In the event of a dispute, information can be easily obtained and resolved.

Woof Work offers a referral program where users will earn $10 worth of WOOF for every new client they refer, plus a $50 bonus for referring over 10 clients and an additional $500 bonus for referring over 100 clients.

Moreover, the platform allows WOOF staking, which gives users the opportunity to reduce or even eliminate commissions.

History of the WoofWork.io project

The WOOF token was launched on February 1, 2023, and the project itself has existed since 2021. The real names of the team are not disclosed and they use pseudonyms. The company's CEO is WoofOSHI, and the lead designer is Yoko Doggo.

In the future, the team plans to develop the community, enter into a partnership with NFT Metaverse and implement online voting for decentralized control.

Benefits of WoofWork

1. As a platform for freelancers, Woof Work has many advantages over traditional sites. Provided that the adoption of cryptography happens as quickly, the project could become a strong competitor.
2. Despite the lack of KYC procedures, Woof Work is likely to be a safe space for both freelancers, and for their clients thanks to its blockchain-based security system.

Disadvantages of WoofWork

1. The project is still at an early stage, and some parameters of its work are in are currently being defined (for example, staking), so it is difficult to say what the final result will look like.