The WorkQuest platform will host its own wallet. The WorkQuest wallet is a desktop application available on various platforms, used as a payment system for fast and cheap transfers. WorkQuest Wallet will also be available as a mobile application for iOS and Android. Both $WUSD and $WQT are available on the WorkQuest Wallet.
What is WUSD and how can one use it?
Work USD ($WUSD) is a crypto-collateralized stablecoin, which means that it is backed by some other currency. Backed by Work Quest Token, Work USD (WUSD) is pegged against the U.S. dollar and allows for using a basket of crypto-assets as a reserve.
The WUSD token is used to pay for work in the WorkQuest platform when creating a smart contract between an employer and a worker. It can be used to exchange for another cryptocurrency or withdraw to a bank card in the WorkQuest platform.
Work USD primarily targets employers and employees, offering them an instrument to guarantee the cost of work performed to avoid volatility and loss in value of funds when performing work on the WorkQuest platform.
What is WQT?
The WorkQuest Token (WQT) is the platform’s management token.
The WorkQuest Token (WQT) performs a management function as it is used to vote for key aspects for the functioning and survival of the project in terms of risk management, as well as the business logic.
Anyone with at least 100 WQT or delegated WQT can suggest measures to improve the WorkQuest ecosystem. These might be simple or complex sets of actions, such as adding new platform features, improving the business model, adding additional ways of using an asset, changing the market model, or in fact changing any other parameter.
WorkQuest Wallet Testing
As the WorkQuest platform is growing and developing, you already have a chance to test the work of the WorkQuest Wallet, both desktop and mobile versions.
Generation/import of a wallet address by mnemonic phrases, generation of mnemonic phrases, sending transactions, checking the balance, and a list of transactions are available!
Find all the details in our previous Articles:
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