Quidli is equity in form of compensation that is made simple and flexible such that companies can incentivize or reward those who provide value to their organizations. The platform that is powered by blockchain technology aims to be the future of work.
The platform with the help of blockchain technology introduces a protocol for connecting workers and firms by enabling the exchange of fast and flexible equity for labor. The doers in this platform become workers as organizations are guaranteed to get the best effort when they reward workers for their effort and success. This allows for inclusivity. With the use of the Quidli work culture, everybody wins. By offering flexible equity, organizations will be able to have workers who are highly motivated whose burn rates will be reduced.
Use Cases of Quidli
Organizations can use the Quid platform in the below scenarios:
Quidli can be used to ensure job security as workers can pursue projects they are genuinely interested in. All the transactions will be created and shared on a distributed public ledger thanks to blockchain technology.
The job scopes, transactions, and contacts will be created, negotiated, and executed in real time. Compensation will be in form of QUID tokens. The system will be decentralized and not controlled by a single person or organization. The process will be streamlined such that bottlenecks to do with speed, additional service fees, and errors will be eliminated.
The platform simplifies equity allowing for employment that is more inclusive. Companies and workers will be better aligned if they choose this platform.
The use of Quidli platform provides a trustless process that does away with traditional frictions such as uncertain clauses and expensive legal fees. Due to the ability of organizations to offer equity as a form of compensation, they will be able to come up with creative payment plans and reduced burn rates. The incentives offered to the workers by their employers will be better aligned resulting in a win-win working environment for all the participants.
Quidli provides a framework for employers to seek and hire talent on an agile basis. The platform only seeks for minimal fees used for the functioning of the network and no additional commissions are charged. The use of blockchain technology allows for efficient contracts and trustless processing of work scopes. Organizations can hire on a real-need basis and the flexibility in hiring and compensation reduces the burn rates.
The QUID Token
Passionate entrepreneurs can start their businesses in an efficient manner. The platform allows such entrepreneurs to connect and collaborate with other like-minded colleagues.
As the Quidli community grows, it will be a platform where entrepreneurs can find partners. The use of a distributed ledger will allow all the transactions to be recorded on the blockchain allowing for transparency and accountability of the parties involved. The processes and workflow will be accounted for and automated allowing the entrepreneurs to focus on their businesses.
The QUID token will be used in the Quidli network for the development of the network. The token is an ERC20 token based on the Ethereum network. This is a utility token that allows users to access the Quidli network, to pay fees, to vote, to build the network, and to fund initiative grants.
The platform hopes to hold an ICO sale of the tokens to enable for the development of the network. Accepted payment during the ICO will be Ethereum. The token exchange rate will be 1ETH=50,000 QUIDS. The ICO is set to happen in the fourth quarter of 2018.