WHITE PAPER V4.1 Jobs Marketplace powered by Blockchain - Empleos.io
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1. PROJECT SUMMARY 4 2. PROBLEMS 6 Competition 6 Low quality resumes 6 High hiring costs 6 Closed technology platforms 6 3. SOLUTION 7 Point based Reward system 7 Profile Creation process 8 Use of Machine Learning 10 4. MARKET ANALYSIS 11 Recruitment and Staffing Market 11 Online Recruiting 11 Indeed.com 11 LinkedIn 12 CareerBuilder.com 12 Monster.com 12 Regional Portals 12 HR in Blockchain 13 5. BUSINESS MODEL 14 Candidate Profile Access 14 Jobs Posting 15 Premium Placement 15 Freelance Jobs 16 Payroll 16 Value-Added Services 16 Revenue Chart 16 6. TECHNICAL IMPLEMENTATION 18 Technical Architecture 18 Blockchain 18 Why we chose NEM Blockchain? 19 Token 19 Why we chose to create PLEO token? 19 Global Job Board 20 Mobile Solutions 20 7. TOKEN STRUCTURE 21 2
Token Allocation 21 PLEO Mission 21 Distinctive Features 21 Risks Management 21 Token Vesting Schedule 23 Private Token Sale 23 Regional Development 23 Use of Funds 24 Tokenomics Charts 24 8. ROADMAP 26 9. MARKETING PLAN 28 Job seekers (candidates) 28 Employers (including recruiting and staffing agencies) 28 Clients and Freelancers 28 Marketing Budget 28 Use of Existing Resources 29 Affiliate Programs 29 Regional Development 29 10.PARTNERS 30 11. OUR TEAM 31 Advisory Board 33 12. REFERENCES 35 13. LEGAL DISCLAIMER 36 3
1. PROJECT SUMMARY Global Stats (USD, 2017) PLEO Token ★ Global Annualized Net Income > 70 tn ★ Total Supply - 140,000,000 PLEO ★ Recruitment and Staffing Market 461 bn ★ Offered to public - 70,000,000 PLEO ★ Online Recruitment Market 13.5 bn ★ Private Sale rate - $0.25 (50% discount) ★ Main Sale rate - $0.50 Empleos Advantages Token Value ★ Global Platform with multilingual support ★ High utility value ★ Wide scope of platform use cases ★ Self-sustainable due to growing market ★ Founders experience: 20 years in Online demand Recruitment, Software Development, ★ Token mission is to become a standard Digital marketing, Product Management, means of payments on the Labour Market 2 years in Blockchain Technology ★ Leveraging NEM Blockchain features ★ Experienced and ambitious development ★ Liquidity manageable by Empleos team team ★ Risk management in all areas - ★ Unique idea - employers pay directly to tokenomics, security, technology and candidates for accessing their profiles regulatory ★ Existing resources and partnerships on the Online Recruitment market, ready for global expansion Empleos.io is a new technology platform that brings Blockchain and Machine Learning into the online recruiting market. Our platform transforms traditional recruiting process into a decentralized blockchain environment. It simplifies and incentivizes the “job seekers” in their career search while offering time and cost saving advantages to employers. Our platform intends to disrupt the hiring process where the employers no longer need to buy access to resume databases from big jobs portals. They pay a small fee (in tokens) directly to a job seeker eliminating the need for intermediaries. Further, users of Empleos.io have the opportunity to earn tokens by using our platform. We introduce our utility token PLEO which is used for all the payments between platform users. PLEO mission is to become a standard means of payments on Labour Market including Online Recruitment, Freelance Jobs, Payroll and third-party value-added services. Our goal is to create 4
a seamless experience for users, popularizing use of cryptocurrencies among people who are still not aware of crypto market and its opportunities. Contrary to how Bitcoin works, there is no need to mine new tokens or use high computational power to run our platform so it has almost zero impact on the natural environment (green). Empleos.io platform is a working MVP which is currently on beta stage of development. The long term goal of our project is to expand the platform globally to all major domestic online recruitment markets. 5
2. PROBLEMS Competition Real talent is becoming extremely difficult to find and hire. There’s a lot of competition in the market. Both employers and recruiting agencies struggle to find and hire the right candidate. Solution: Empleos.io platform incentivizes candidates to submit their resumes to our database offering token benefits even to candidates who do not look for a new job but could accept an attractive job offer. Low quality resumes Big jobs portals are full with low quality (empty, incomplete, low-trust) resumes. Some employers are discouraged in using resume search functionality because of this issue. It’s very time-consuming task for a hiring manager to come across many resumes of questionable quality. Solution: Empleos.io platform encourages candidates to have high quality trustworthy resumes by using point based reward system, machine learning and human resumes assessment. High hiring costs Employers and recruiting agencies pay a lot of money to big jobs portals for accessing their resume databases. The overall hiring cost is increasing constantly. Solution: Empleos.io platform disrupts the way employers are accessing candidates resumes and significantly lowers the cost of this process offering direct access to a resume for a low price paid directly to a candidate. Closed technology platforms There are a plenty of technology solutions for the online recruitment market and the vast majority of them are closed platforms. Once employers adopt a specific platform they become stuck with it because moving to another one is painful and expensive. Many of those platforms use outdated technologies. There’s no opportunity for third-parties to offer alternative tools for those platforms. Solution: Empleos.io platform is completely open. It offers a comprehensive API for any third-parties who wish to develop alternative tools and solutions for Empleos platform. 6
3. SOLUTION Empleos.io intends to maximize the participation of both employers and candidates in the recruiting lifecycle. We want to provide a simple, transparent and seamless experience for both parties. Employers get the benefit of finding their top talent matching the skills they are searching for as well as other information about the candidates. Candidates in turn benefit from receiving tokens for allowing employers access to their profile information. They can use their tokens for any value added services within the platform such as premium search placement. Candidates will also have the ability to turn on / off their profile from appearing in search. Workflow between the Employers and Candidates: 1. Employer searches for candidates with specific skills. 2. Search results shows list of candidates matching the skills. 3. Clicking on View Profile will take the user to the profile page with details masked and hidden except for basic info such as name, title, location, rate and experience. 4. To see the full complete profile employers click on View Full Profile 5. Clicking on the link displays the full candidate profile. 6. Candidate X gets paid in PLEO tokens. Point based Reward system We introduce the concept of points, which are used to establish trust for any kind of data in the system. When job seekers submit their profile to the platform they are being awarded with x number of points for their effort. Further data confirmation is awarded by an additional amount of points: ● Email confirmation ● Phone number confirmation ● Photo and ID upload ● Work experience confirmation by former employers ● Education confirmation by educational institutions ● Verification by Empleos AI So the more points a resume has the more it is trustworthy. Employers can use that level of trust as a criteria for a resume search. The same points concept will be used later to evaluate job offers submitted by employers. 7
Service Points Additional info Email confirmation 1 Phone number confirmation 1 User profile Photo upload 1 Personal Video 2 ID Verification 2 Upload Drivers license or other identify document Add Work experience 4 Verification by proprietary Empleos AI Add Education experience 2 Verification by proprietary Empleos AI Social Media links 1 point for each a) LinkedIn social media b) Facebook connection c) Twitter d) Telegram e) Medium.com f) Personal Blog/site Skills Certification 1 For each verified certification Endorsements 1 For each endorsement Skill test TBD Phase 2 Profile Creation process The act of creating a new profile in Empleos.io involves a certain number of steps that will limit the possibility of creating duplicate profiles and the potential “gaming” of the reward system. We want to develop a system that is hack-proof that in no way reduces trust in the employers confidence in retrieving the quality profiles. We strive for “quality” over “quantity” for profiles in our platform. In order to get rewarded with tokens for participating in our platform candidates need to adhere to some minimum standards when creating new profiles in our system. Empleos introduces a rating system that reflects the quality of profiles based on the type of data the candidates have shared in their profile. The more data candidates expose improve the chances of appearing higher in the skills search result. Some steps the candidates will go through while creating a brand new profile include: 8
1. Two Factor authentication Each profile creation requires a two factor authentication. In addition to email address verification we also require phone number to complete the account creation process. 2. Minimum profile details Candidates are required to fill out a minimum amount of information before activating their profile. For example, it is mandatory to fill out profile title, professional skills and education. 3. Social media connections Candidates can increase employee’s trust in their profile by connecting their social media accounts. This would include LinkedIn, Telegram, StackOverflow, Twitter, Facebook and Personal blog sites. 4. Professional References Candidates can solicit professional endorsements from their employers and social connections. The below image shows the steps involved in the profile creation process. Figure 1. Profile Creation process 9
Use of Machine Learning In Phase 2 of the project we intend to use cutting edge deep learning algorithms to screen and approve profile creation process. We believe that by leveraging deep learning algorithms we can improve the quality of candidate profiles listed on empleos.io site and also reduce the time and cost it takes for employers to find the ideal candidate. We will approach this in two ways. 1. Keyword analysis We will analyse resumes and other profile content for certain keywords that can build and update our search database. The keyword examples include skills, location, previous employer, years of experience. 2. Sentence semantic analysis The algorithm will screen resumes and profile data and identify for accuracy, similarity between sentences, duplicate text or nonsensical content. The following diagram depicts how we will our Machine learning algorithm to process profile data into relevant search keywords and sentence semantics. Figure 2. How we use Machine learning algorithm? 10
4. MARKET ANALYSIS Recruitment and Staffing Market Staffing Industry Analysts (SIA) in their May 2018 market update reported that global recruitment and staffing market generated USD 461 billion revenue in 2017. They project 7% growth this year so the total market revenue will be about USD 491 billion in 2018. The market is roughly divided into the following segments by staffing type: ● Permanent Staffing ● Temporary Staffing ● Other HR Solutions The temporary staffing holds the major percentage share of the market and is expected to grow faster due to preference for a flexible working environment. The temporary staffing is also considered as the force for driving labour markets bringing more people to work. Other HR solutions (including specialized HR services, mostly technology driven) are expected to grow at a higher rate. Online Recruiting Staffing Industry Analysts (SIA) in their “Job Board Market Report: 2017 update” reported that job boards revenue reached USD 12.4 billion in 2016 showing 9% growth. The estimation of the Online Recruiting market size for 2017 and 2018 is USD 13.5 billion and USD 14.7 billion respectively. The three largest companies in the Career and Recruiting market include Indeed.com, LinkedIn and SEEK control more than a half of the market share. Indeed.com The biggest international jobs search engine owned by Recruit Holdings. Standard resume search subscription plan costs $100 per month and includes 30 candidates contacts, Premium resume search subscription plan costs $250 per month and includes 100 candidates contacts. Single candidate contact price starts from $2.5. 11
LinkedIn The biggest professional social network owned by Microsoft. Premium business subscription plan costs $59.99 per month and includes 15 candidate contacts. Executive subscription plan costs $99.99 per month and includes 30 candidate contacts. Single candidate contact price starts from $3.33. CareerBuilder.com Global online employment website operating in 24 countries. Resume search subscription plan costs $299 per month and includes 50 resume actions per day. Resume actions include: view, print, download, forward and email candidate, so an exact price of single candidate contact cannot be estimated. Monster.com US-based global employment website owned by Randstad Holding. Resume search subscription plan costs $575 per month and includes 300 resumes views. Single resume view costs $1.92. Regional Portals Seek.com.au, Australia Single job post and talent search subscription plan costs 275 AUD (about $210) per month and includes 40 candidate contacts. Single candidate contact price starts from $5.25. Naukri.com, India Resdex subscription plan costs $496 per month and includes 2000 CV access. CV access includes: view, Excel download, export to Response manager, so an exact price of single candidate contact cannot be estimated. HH.ru, Russia Unlimited resumes access in all Russia costs 71,000 RUR (about $1,138) per month. Computrabajo.com.co, Colombia Subscription plan costs 479,000 COP (about $170) per month and includes 3 job postings and 30 candidate contacts. Single single candidate contact costs $5.67. Computrabajo.com.mx, Mexico Subscription plan costs 3,800 MXN (about $185) per month and includes 5 job postings and 50 candidate contacts. Single candidate contact costs $3.70. 12
HR in Blockchain Currently there are few startups which try to bring blockchain technology to the online recruitment market. All them are in the early product development stages and do not constitute a serious competition. None of the projects presented on the market are offering candidates direct payments paid by employers requesting candidates profiles access. Empleos.io has a strong grounding of use of its utility token PLEO as a means of employers payments and candidates earnings. Competitors projects have little to zero justification of their tokens except for fundraising. 13
5. BUSINESS MODEL Candidate Profile Access The cost of each employer’s request to a candidate profile on Empleos.io platform is 1 PLEO token. The candidate receives 0.7 token as payment. Empleos.io will receive 0.18 token as commission for platform maintenance and feature upgrades. 0.12 token is paid as a network fee to NEM. Figure 3. Candidate profile access We will provide the algorithm of automatic service price adjustment for the cases when current token rate exceeds a specific threshold to keep our services at affordable pricing level. If the contact between the employers and candidates leads to a successful interview and eventual hiring of the candidate, employers get rewarded in tokens for updating the status within the platform. 14
Figure 4. Growth of Candidate profiles over time Jobs Posting Employers or recruiters have an opportunity to post their jobs in our platform for free as long as they have a positive account balance in PLEO. Jobs are being scanned, analyzed and confirmed by Empleos AI. We also use jobs aggregating from our regional partners job boards to provide better opportunities for a successful jobs search. Jobs posting and aggregating functionality is scheduled to be implemented at Phase 1 of the project. Premium Placement We offer premium placement both for candidate resumes and employer jobs. Premium resumes and jobs are prioritized and highlighted in search results giving them much more of exposure. Advanced analytics allows employers to view aggregated statistics of their searches and views of candidate profiles as well as aggregated statistics of their posted jobs. Token Utility Token value (in PLEO) Prioritized placement in search results for 2 15
Employers / Candidates Advanced Analytics 2 Freelance Jobs Freelance Jobs functionality allows clients to post their freelance jobs, search for freelancers and offer jobs to the freelancers with matched skills and rate. It allows freelancers to post their profiles, search for freelance jobs and submit offers to clients. After a client and a freelancer met each other the platform provides them the payment and escrow services. We charge 3% commission off clients payments to freelancers. All the payments are being made in PLEO token. Freelance Jobs functionality is scheduled to be implemented at Phase 2 of the project. Payroll Payroll functionality allows employers to pay salaries to their employees in PLEO tokens. We charge 0.5% commission off payroll payments. Payroll functionality is scheduled to be implemented at Phase 3 of the project. While rolling out our platform to each specific domestic market we will work on all local regulatory, legal and taxation issues in collaboration with our regional advisors. Value-Added Services There are plenty of solutions in HR Industry which cover different aspects of HR Management: interviewing, matching, career counselling, sourcing, personnel engaging etc. We plan to seek for new partnership opportunities with other technology companies in the field. Once a partnership is established and integration of a new service is implemented both parties will benefit from a specific service being offered on our platform. Revenue Chart The following chart show the estimate overall Empleos.io revenue over the next 5 years. 16
Figure 5. Revenue growth chart 17
6. TECHNICAL IMPLEMENTATION Technical Architecture The following diagram captures the Technology architecture that we will build to power the Empleos platform. Figure 6. Empleos Technical Architecture Blockchain Empleos.io is building a blockchain enabled Recruiting platform to connect potential employers with candidates and cut out the middlemen. Candidates benefit directly from exposing their profile to employers at their discretion. Every transaction between the employer and candidate will be recorded in the blockchain. All value of exchange is captured in Empleos issued tokens PLEO. Empleos.io uses NEM’s blockchain technology to power the recruiting platform. We will create a smart economy around our issued tokens PLEO. NEM is a peer to peer crypto and blockchain platform that uses Proof of Importance consensus algorithm. 18
Why we chose NEM Blockchain? ➢ Performance ➢ Built for Enterprise from ground up ➢ Energy Consumption - 100 times less power consumption than Bitcoin to run a node or harvest. Good for environment. ➢ Transaction Fee - Low Transaction fee 0.05 XEM ➢ Smart Assets (Mosaic) Fee is low ➢ 2nd largest Blockchain in Japan after Bitcoin. ➢ Proof of Importance model ➢ 9 Billion XEM (defined maximum liquidity) ➢ Anti-Counterfeiting ➢ Encrypted Messaging integration. Ethereum puts the smart contract code on the Blockchain while NEM puts it off the blockchain. Code on the blockchain is hard to fix if there is a bug or an exploit. NEM reduces risk making it lighter and faster. Data management apps called Smart Assets allow to create data records, tokens, voting system etc. Token The Empleos created “PLEO” token is structured as a utility token. The “PLEO” token is used to create a smart economy within the platform. All the internal payments are being made in tokens. At Phase 1 of the project tokens will be used by employers to pay for the access to candidate profiles as well as for any value-added services offered within the platform. The tokens are also used to raise funds to create the platform, to cover operating costs, marketing and acquisition. Why we chose to create PLEO token? ➢ The scope of the project requires a payment system to be implemented globally. It couldn’t be done in an affordable way using FIAT currency. ➢ The existing payment networks are charging high commissions per transaction. It is not 19
efficient or cost-effective to use these networks for small transactions. ➢ PLEO token is an utility token used for all internal payments within the platform thus creating a smart economy ecosystem for the Labour Market. ➢ We plan to use PLEO token model in our future platform features and expand its use to Freelance Jobs, Payroll functionality and third-party value-added services. Global Job Board We create a global job board in the scope of Empleos.io project. It will be a hybrid job board which offers: 1. resume search, resume access and jobs listing for employers; 2. job search, job access and resume publishing for job seekers; 3. jobs aggregating from other job boards, recruitment agencies and big employers. Jobs publishing is free for employers as long as they have a positive balance in “PLEO” tokens in their personal Empleos accounts. Both employers and candidates can utilize their tokens towards all premium services within the platform. Our web site as a job aggregator will integrate with other leading job boards using their XML feeds (for free) but trade the traffic for integration of “Submit resume to Empleos.io” functionality. Users can manage their profiles and “PLEO” token balances on our website. In Phases 2 and 3 of the project, Freelance Jobs and Payroll functionality will be implemented. We will also integrate third-party value-added services into our platform during the lifespan of the project. Mobile Solutions Our global job board will be optimized for mobile devices such as iPhone and Android. This will provide a seamless experience for both desktop and mobile users. In Phase 2 of the project we will develop mobile app which will have the desktop platform functionalities available on both iOS and Android devices. Open API Our open API will allow third-party developers to create custom applications for Empleos platform and PLEO token including candidate matching and jobs searching apps, custom cryptocurrency wallets and value-added services. 20
7. TOKEN STRUCTURE Token Allocation A total supply of 140,000,000 PLEO Tokens is issued based on an NEM Mosaic. 70,000,000 PLEO Tokens will be made available to contributors in exchange for a number of cryptocurrencies (BTC, ETH and XEM). The Token will have a peg equaling the value of 0.50 USD per 1 PLEO Token during the Token Sale Events. PLEO Mission PLEO mission is to become a standard means of payments on Labour Market including Online Recruitment, Freelance Projects, Payroll and third-party value-added services. Our goal is to create a seamless experience for users, popularizing use of cryptocurrencies among people who are still not aware of crypto market and its opportunities, create a positive social impact and contribute to the ongoing crypto revolution. Distinctive Features 1. Token utility value growth is provided by the constantly increasing demand for the token on the market and by regional expansion. Our primary audience is not the existing crypto community but the people (candidates and employers) who are still unaware of crypto market and its opportunities. 2. We will have the working platform by the end of the Token Sale Events and all the funds raised will be actually used for further development and global expansion. 3. We are ready to deal with regulatory and compliance issues. 4. We create a world class technology with high security level. Risks Management 1. Financial risks: token liquidity and ROI rate are driven by growing market demand so the chances of the token prices dramatically going down are almost eliminated. We are aware of volatility risks in the early stage of the product roll out and we will use buyback and burn mechanism to keep the token rate stable. 2. Regulatory risks: as long as we are creating a global platform we can manage regulatory issues by changing priorities in our regional expansion and dealing with compliance issues on an individual basis. We are sure that many of the country-specific regulatory issues will be resolved in the near future. 21
3. Development risks: we have an experienced development team which was able to develop the beta version of the platform in a short time and we are absolutely sure that we can develop all new features in a timely manner. 4. Security risks: we focus intensely on security throughout the development process, moreover we will run independent security audits and reviews on a regular basis. Main Token Sale Event Empleos will offer 42,000,000 PLEO tokens at Main Token Sale. Total number of PLEO Tokens: 140, 000, 000. Main Token Sale Size - 42,000,000 PLEO Tokens (50.00%) to be sold at Main Token Sale - Total value of $21M USD - Main Sale is considered successful if a minimum soft cap of 14,000,000 tokens ($7M USD) Main Sale Timing - Start Date: November 25, 2018 - End Date: December 15, 2018 Main Sale Offer - Tokens of Founders are non-transferable upon Main Token Sale completion - locked for 5 months 22
Figure 7. Token allocation chart Token Vesting Schedule Token Holder Category Vesting Terms Private Token Sale Participants Immediate after Token listing Token Sale Participants (Main Sale) Immediate after Token listing Founders and Advisors 5 month initial lock after successful completion of Main Token Sale and thereafter vesting ¼ of holdings every 3 months Partners, Bounties Immediate after Token listing Private Token Sale As we continue to build our Empleos.io infrastructure, securing partnerships, and expanding our team with valuable members and advisors, we have created a WhiteList to invite interested parties to join our Private Sale, with first come first serve priority to receive the highest Bonus rate. If you intend to participate in our private sale please visit the following page: https://empleos.io/pages/private-sale/. The Private Sale ends on November 10, 2018. Regional Development We reserve 30% of the total token supply for the regional business development. Regional Development tokens will be allocated to a regional advisor (or team) as soon as the project will be localized and launched on a domestic market. 23
Use of Funds Figure 8. Use of funds Tokenomics Charts Figure 9. Number of PLEO used in the platform 24
Figure 10. PLEO circulating supply Figure 11. PLEO market capitalization 25
8. ROADMAP Development Private Sale - Laying foundation for the platform - Build the empleos.io Marketing site & July 30, 2018 Social Media presence - Whitepaper Marketing & Bounty - Participation in key events and Conferences - Low budget ad campaigns in SMM - Video creation - Media articles Hiring - Developers - Advisors Development of core functionality of the MVP Beta version platform including - Account Registration and Login Sep 15, 2018 - Candidate Search - Create and Update Profile (Employer and Candidate) - Global Job Board - Help and Community building QA / Testing - Testing of beta platform with a sample set of real users Marketing, Partnership and Bounty - Partnership development - Participation in key Events and Conferences Phase 1, Main Token Sale Phase 1 of the platform ready for public. Sales start. November 25, 2018 Development of core functionality of the platform including - Jobs posting and aggregating functionality 26
- PLEO Token value of exchange - Notifications and Messaging - Transaction management - Integration with Hiring portals - Commission share module - Reporting & Analytics User acquisition - Advertising campaign: Google, Social Media - Affiliate programs Phase 2 ● Use Deep Learning algorithms to automate screening of candidate profile and build search categories and March 2019 semantics, flag missing and inappropriate content, keyword suggestions etc. ● Freelance jobs/projects support. The “PLEO” token will be used as the internal payment means. We will charge a commission for using our platform and escrow service. Phase 3 ● The complete Payroll functionality based on “PLEO” token. June 2018 ● The platform support for offline candidates on domestic markets (temporary workers). ● The possibility for educational institutions to participate in the platform. 27
9. MARKETING PLAN The target audience for Empleos.io includes the following types of users. Job seekers (candidates) These users form the main value of the platform - CV database. We plan to acquire new candidates through a combination of affiliate programs and partnership with small-to-medium size job boards from different parts of the world. We will leverage regional advisors to develop and manage partnerships in respective domestic markets. Additionally we will run promotions for job seekers through context advertising, social media marketing, SEO and content marketing. Employers (including recruiting and staffing agencies) Promotional options to attract employers to the platform are: context advertising, social media marketing, SEO and content marketing. We will leverage our global job board to promote the platform all over the world and incentivize employers for using it. Clients and Freelancers Promotional options to attract clients and freelancers to the platform are: context advertising, social media marketing, SEO and content marketing. Marketing Budget Significant amount of funds raised during the Token Sale Events will be spent for marketing efforts. Our Marketing Budget includes the following components: ● Partnership development ● Affiliates programs based on CPS model ● Social Media advertising campaigns ● Google Adwords advertising campaigns ● Content Marketing ● Search Engine Optimization (SEO) ● Conferences and Events participation 28
Use of Existing Resources Founders of Empleos have existing web resources on the Online Recruitment Market We will leverage this resources for a quick start of candidates and employers acquisition. Affiliate Programs Our affiliate programs will be based on CPS (Cost Per Sale) model. Our affiliate partners will earn their commission from each payment made by their referrals on Empleos.io platform. It includes all kinds of users: employers, candidates, freelance clients, freelancers and any value-added services customers. We will establish partnerships with global affiliate program aggregators (like cj.com) as well as regional aggregators to run our affiliate programs. Regional Development We reserve 30% of the total token supply for the regional business development. Our priorities in the platform expansion are South East Asia, Japan, Latin America and Ukraine. We developed a strategic plan of further expanding our platform to all major domestic markets in the next 5 years. We will enter regional markets using two methods - establishing partnerships and acquiring local companies. In our organization structure we will create a special regional development department which will be focused on our global expansion. We will use our regional development PLEO pool to finance our local partners and branches. 29
10.PARTNERS The NEM Foundation is endorsed by an international network, compiled of a wealth of experience in IT, entrepreneurship, business processes, trading, property and asset development, international management and academia. The business’ ethos is to provide NEM’s blockchain technology platform to enhance enterprise whilst being run by the people, for the people. NEM’s team provides this through an array of support and education, from training events and service providers to technical support for the ecosystem. Founded in 1989, Staffing Industry Analysts (SIA) is the global advisor on staffing and workforce solutions. SIA proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor. SIA’s independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem, including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. Smile-Expo is an international company, organizer of large business events. Smile-Expo keeps its finger on the pulse of global innovations, analyzes markets, predicts promising drives, shares information with friends and associates, and launches projects throughout new segments. 30
11. OUR TEAM Ilia Gerashchenko Founder, CEO Digital Entrepreneur with over 20 years of experience in Online Recruitment market, Software Development and Online Marketing. Chan Komagan Co-founder, CPO Digital Entrepreneur and Head of Product Development with over 15 years experience building leading edge solutions for startups and Enterprise clients. Yuliia Honcharova Chief Marketing Officer Yuliia is Proactive Digital Marketing Strategist with 15 years of experience in Marketing and PR. 31
Pulkit Chadha Full Stack Developer Amit Goel Front End UI/UX Arvind Mishra NEM Developer 32
Advisory Board Chris Russell Online Recruitment Advisor Digital recruiting consultant (recruitment marketing & employer brand) and HR Tech Advisor. Ronald Pennington Business Development Advisor Ronald has an extensive business background in both large corporate and operating own companies. Currently coordinates a world class advisory team aiding organizations in identifying and overcoming growth challenges, process refinement and management skills development. Christina Rea, Esq. Legal Advisor Christina has 15 years of experience in financial markets, legal practice, and regulatory compliance. She currently owns her own compliance consulting practice, CR Compliance Consulting, where she specializes in AML, KYC, ICOs, & Fintech regulatory compliance. 33
Gaioz Mkheidze Blockchain and Regional Development Advisor Information Technology professional and Blockchain enthusiast. Dimitrios Vaitsios Online Recruitment and Regional Development Advisor 34
12. REFERENCES ● NEM website ● NEM documentation ● Staffing Industry Analysts Research Reports 35
13. LEGAL DISCLAIMER This document is a technical Whitepaper setting out the current and future developments of the Empleos platform and the Empleos ecosystem. An integral aspect of the Empleos ecosystem is the issuance and usage of the crypto-token known as PLEO. This Whitepaper is for information purposes only and is NOT A STATEMENT OF FUTURE INTENT. Unless expressly specified otherwise, the products, services and innovations detailed in this Whitepaper are currently under development and are not currently deployed. The Authors of this Whitepaper (“The Company”) and all persons associated with its publication specifically make no warranties or representations as to the successful development, implementation or deployment of any technologies and innovations, or achievements of any other activities noted in this Whitepaper. The Company and all persons associated with the preparation and/or publication of this Whitepaper each disclaim to the fullest extent permitted by law any and all warranties implied by law. No person is entitled to rely on the information detailed in this Whitepaper or any inferences drawn from this Whitepaper, including in relation to any interactions with the PLEO token or the technologies mentioned in this Whitepaper. The Company and all persons associated with the preparation and/or publication of this Whitepaper each disclaim all liability for any loss or damage of whatsoever kind (whether foreseeable or not) which may arise from any person acting on any information and/or opinions relating to the PLEO token, the Empleos platform, or the Empleos ecosystem or any information which is made available in connection with any further enquiries, notwithstanding any negligence, default, or lack of due care and skill. THE COMPANY AND ALL PERSONS ASSOCIATED WITH THE PREPARATION AND/OR PUBLICATION OF THIS WHITEPAPER TAKE NO RESPONSIBILITY NOR ASSUME ANY RESPONSIBILITY FOR ANY ERRORS THAT MAY BE CONTAINED IN THE WHITEPAPER. All information contained in this Whitepaper is derived from data obtained from sources believed by the Company and all persons associated with the preparation and/or publication of this Whitepaper to be reliable and is given in good faith. No warranties or guarantees, or representations are made by the Company and all persons associated with the preparation and/ or publication of this Whitepaper with regard to the accuracy or completeness, correctness or suitability of the information presented. Nothing in this Whitepaper should be relied upon, and shall not confer rights or remedies upon you or any of your employees, creditors, holders of securities or other equity holders or any other persons whether related to you or not. Any opinions expressed reflect the current judgement of 36
the Company. The opinions reflected in this Whitepaper may change without notice and the opinions do not necessarily correspond to the opinions of the Company and/or any persons associated with the preparation and/or publication of this Whitepaper. The Company does not have any obligation to amend, modify or update this Whitepaper or to otherwise notify any reader or recipient of this Whitepaper in the event that any matter related or stated in this Whitepaper or any opinion, projection, forecast or estimate detailed in this Whitepaper changes or subsequently becomes inaccurate. The Company and all persons associated with the preparation and/or publication of this Whitepaper do not have any responsibility or liability to any personal recipient (whether by reason of negligence, negligent misstatement or otherwise), arising from any statement, opinion or information expressed or implied, arising out of, or contained in, or derived from, or omission from this Whitepaper. Neither the Company nor its advisers have independently verified any of the information, including the forecasts, prospects and projections contained in this paper. The Company and all persons associated with the preparation and/or publication of this Whitepaper do not accept any liability that may arise out of any information contained or implied in this Whitepaper. Each recipient of this Whitepaper is to rely solely on its/his/her knowledge, investigation, judgement and assessment of the matters which are the subject of this Whitepaper and any information which is made available in connection with any further enquiries and such recipient must satisfy itself/himself/herself as to the accuracy and completeness of such matter. While the Company and all persons associated with the preparation and/or publication of this Whitepaper have attempted to ensure that statements of facts made in this Whitepaper are accurate, all estimates, projections, forecasts, prospects, expressions of opinion and other subjective judgements contained in this Whitepaper are based on assumptions considered to be reasonable as at the date of this Whitepaper in which they are contained and must not be construed as a representation that the matters referred to in this Whitepaper will occur. Problems can occur and as such all recipients who act upon the contents of this Whitepaper do so at their own risk and fully assume the responsibility for such action to the exclusion of the Company and all persons associated with the preparation and/ or publication of this Whitepaper. Any plans, projections or forecasts mentioned in this Whitepaper may not be achieved due to multiple risk factors including without limitation defects in technology development, legal and regulatory exposure, market volatility, sector volatility, corporate actions or the unavailability of complete and accurate information. 37
The Whitepaper may refer to a number of hyperlinks to websites of entities mentioned in this Whitepaper, however, the inclusion of a hyperlink does not imply that the Company and/or any persons associated with the preparation and/or publication of this Whitepaper endorses, recommends or approves any material on the linked page or accessible from it. Such linked websites must be accessed entirely at the recipient’s own risk. The Company and/or any persons associated with the preparation and/ or publication of this Whitepaper do not accept any risk or liability whatsoever to any such material, nor for consequences of its use. This Whitepaper IS NOT DIRECTED TO, or intended for distribution to or used by, any person or entity who is a citizen or resident of or located in any state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. In particular, this Whitepaper is not an offer to any residents or domiciles of the People’s Republic of China. This Whitepaper is only accessible via the Whitepaper link available on https://empleos.io/Empleos_WhitePaper.pdf and may not be distributed, reproduced or passed on to any other person or published, in part or in whole, for any purpose without the prior written consent of the Company. The manner of distribution this Whitepaper may be restricted by law or regulation in certain jurisdictions. Persons who possess this Whitepaper must observe all such restrictions. By accessing this Whitepaper, the recipient agrees to be bound by the above limitations detailed in this disclaimer. 38
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