The WorkQuest Tokens: $WUSD and $WQT
💰 The WorkQuest platform uses two tokens — the $WUSD stablecoin and the $WQT platform governance token.
WUSD is a stablecoin that is collateralized against a pool of cryptocurrencies, which include ETH, BNB and two other stablecoins — USDT and USDC. WUSD will help maintain reserves of on-chain crypto collateral, which is held in smart contracts.
The WUSD Stable coin will play a major role in the following platform functionalities:
🔹 Payment between Employer & Employee
🔹 P2P Insurance
🔹 Withdrawal to the bank card
🔹 Lending & Borrowing
🔹 Retirement Program
🔹 Savings Product
WQT token is the WorkQuest platform’s utility token, that will be covering the following utilities:
🔹 WorkQuest DAO Management
🔹 WorkQuest Referral Program
🔹 BSC & ETH Pools for Liquidity Mining
🔹 Paid Services on WorkQuest platform
🔹 Collateral for $WUSD Stablecoin
🔹 PoS Staking
$WQT token holders will be able to vote on key decisions regarding the platform, such as risk parameters, fee structures, and protocol upgrades.
📌 The $WQT token is already available for purchase within the WorkNet blockchain. Find all the details in our Medium article:
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