Bithumb Lists Federally Approved WRK Token on Defi Board
The Bithumb cryptocurrency Announced the Listing of WRK tokens issued by the blockWRK project.
WRK tokens is federally approved by the Bermuda Ministry of Finance. One among few in the World.
The exchange stated on a dedicated DeFi board that the transfer of WRK onto professional trading accounts is live as July 27.
The price of the WRK token has spiked following the listing announcement, trading at $1,46 at the time of writing.
Interestingly, there is a trading reward of 5,000 WRK to the most active depositing and trading users of the token.
The blockWRK application is being presented as the first-of-its-kind HR-focused application for employee goal management.
The application uses smart contracts to track workforce performance based on daily, weekly, or monthly goals.
Employees who achieve goals are automatically rewarded with instant cryptocurrency payments in WRK tokens.
WRK Tokens can be transferred to bank accounts or branded VISA cards for immediate exchange for fiat currencies.
The Application gains user attraction with its service to offer better employee-workforce relations.
This is done by allowing employees to avoid payday lender fees that can reach as high as 650% APR in the US.
Employees are provided $5 flat-fee paycheck advances, freeing them from predatory payday lenders and helping avoid bank NSF fees, which are often charged when a bank account is overdrawn.
Among other benefits are free mental health counseling on-demand and free access to telemedicine services.