CareerChain ICO Review And CCH Token Analysis

CCH

The first open, industry standard for sharing career hist...

89.1%

6 months ago

CareerChain ICO About

Job seekers can enter a Bizzy profile once, and apply everywhere. They always remain in control of whom they share their data with, and their profile is never 'owned' by a proprietary service.

CareerChain ICO Categories

Cryptocurrency, Investment, Platform, Smart Contract

CareerChain ICO Review

CareerChain is changing the $200bn job market with Bizzy.

The problem

When you look for a job, what do you do? You go online and do a search, and a bunch of job listings come up in the results - you see one you might like on some site like Indeed or Monster, or maybe even on the careers page of a company you’re interested in, and you click on it, and there is always some form you have to fill out. The problem is, you generally have to do this 10-20 times before you get hired. That’s a lot of typing in forms! Maybe you can just upload a CV or Resume, which some sites support - but increasingly, job hunting is happening on mobile devices where your CV is not handy. Some sites like Indeed, Monster and Linkedin have saved profiles, but they don’t work on competitors' sites. and the result is, lots of form filling, unhappy candidates, low conversion, and employers wasting $200bn a year on job ads. There was no global standard for applying for jobs, so we built one.

The solution

Bizzy profiles are the easiest way to apply for all jobs with just a couple of clicks. Built on a blockchain, Bizzy profiles can be trusted; shared with anyone from any device while also protecting your privacy and data. You don’t need a digital wallet or Ether or Bitcoin. As a job seeker, you just carry on using your favorite job sites and staffing partners, automatically create a Bizzy profile and apply for jobs easily - Enter once, apply everywhere.

Tokens and token value

Partners (job boards, ATSs and staffing agencies) pay a small transaction fee in tokens to process Bizzy profiles, which is split between a reward for the partner that helped create the profile and a reward for token holders (investors) in a Proof-of-Stake consensus model.

Among partners, there will be net receivers and net payers in the economy. A small number of net receivers will bring millions of candidates to the platform (usually the early adopters) and their rewards will far exceed their transaction fees. Net payers, who make up the majority of partners, will always need to buy more tokens on exchanges. Bizzy profiles also form the base for a whole world of new apps in the job market like automated reference checks, skills certificates... encouraged by the CareerChain Foundation and using the CareerChain Token.

To prevent high token values becoming an obstacle to processing candidates, transaction fees are quoted in USD and converted to token fees with up to 18 decimal places.

Token velocity also increases as third parties build more services that use the CareerChain token. This is actively encouraged by the CareerChain Foundation which hosts hackathons and provides grants to developer teams and companies.

Token holders have an incentive to hold their tokens so they can also receive proof-of-stake rewards for hosting a simple node and validating blocks.

Links

See slideshow: https://www.slideshare.net/secret/G0eOY8jctD7DeF

Whitepaper: https://www.datocms-assets.com/5410/1530282039-stm003-whitepaper-careerchain-29-june-1.pdf

businesswire.com: https://www.businesswire.com/news/home/20180731005825/en/CareerChain-Aims-Revolutionize-200bn-Job-Market-Bizzy

marketwatch.com: https://www.marketwatch.com/press-release/careerchain-aims-to-revolutionize-the-200bn-job-market-with-bizzy-2018-07-31

entrepreneuralarabiya.com: https://goo.gl/Vb3HQC

ICO review by ICOPicker: https://medium.com/eliteclub-io/careerchain-ico-review-our-deep-dive-analysis-6e7fb7b4648a

CareerChain ICO Comments

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  • 6 months ago Miles Jonas

    I think CareerChain was one of the ICOs that battled out on the CryptoSummit last week. Any idea how well they fared compared to other ICOs?

  • 6 months ago Red Willis

    Yeah they we're one of the ICOs during the CryptoSummit. They we're able to get good exposure from that summit to be honest.

  • 6 months ago Klay Thompson

    What's the mission of the foundation?

  • 6 months ago Red Willis

    The foundation’s mission is to make CareerChain a global standard in the job market by promoting CareerChain and providing open-source tools to enable partners to implement CareerChain easily everywhere.

  • 6 months ago Miles Jonas

    The foundation’s mission is to make CareerChain a global standard in the job market by promoting CareerChain and providing open-source tools to enable partners to implement CareerChain easily everywhere.

  • 6 months ago Michael Brucal

    Is this another user identity platform for global companies to hire talents?

  • 6 months ago Michael Brucal

    Are they also going to store employee performance? Verify legit companies?

  • 6 months ago Michael Brucal

    Hopefully the platform provides a way for identity can be public or private for companies to access

  • 6 months ago Peter Garland

    I don't think so. CareerChain will be the first open, public standard for sharing career histories. Job seekers will be able to create a  CareerChain profile which they can use to apply for jobs with one click. This will drive more completed job applications  and deliver value to all parties in the job market. “​Partners​” (e.g. Job boards, applicant tracking systems, agencies and  other job apps), who will be registering job seekers and facilitating profile updates, will be listed as contributors to those  seekers’ profiles and will be rewarded when those profiles are used. Third-party services will be able to enrich profiles  by contributing relevant data to the profile and receiving a share of rewards. 

  • 6 months ago Peter Garland

    Yes according to their Whitepaper.

  • 5 months ago Red Willis

    How does CareerChain differ from LinkedIN? Is it any better?

  • 5 months ago Dustin Foreman

    It is very different from LinkedIn as CareerChain allows you to create a CareerChain profile which they can use to apply for jobs with one click.

  • 5 months ago Dustin Foreman

    Where as LinkedIn is more focused on the connection with professionals.

  • 5 months ago Peter Garland

    Are you guys going to create an analysis about CareerChain? Just like the one's you created for Tim?

  • 5 months ago Miles Jonas

    I would want to see one as well since that was my deciding factor for me to join the TIM pool.

  • 5 months ago Luke Livingston

    They already made one: https://icopicker.io/blog/careerchain-ico-review-our-deep-dive-analysis/

  • 5 months ago Meghan Lambert

    Any idea what their Hard and Soft cap would be?

  • 5 months ago Paul Walterson

    They haven't mentioned anything yet but they are currently running a private sale so you might want to check them out here: https://www.datocms-assets.com/5410/1527687481-guidetokensalecareerchain07may2018.pdf

  • 5 months ago Meghan Lambert

    I see. Thanks! Is ICOPicker planning to run a pool for CareerChain?

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ICOPicker - Ray Gibson
Ray Gibson
President (co-founder)
ICOPicker - Andrew Evans
Andrew Evans
Chief Product Officer
ICOPicker - Andre van der Heijden
Andre van der Heijden
Blockchain Developer
ICOPicker - Douwe Bart Mulder
Douwe Bart Mulder
CEO
ICOPicker - Lev Tatarov
Lev Tatarov
Product Owner
ICOPicker - Qa'id Jacobs
Qa'id Jacobs
UX developer
ICOPicker - Artur Bartkevic
Artur Bartkevic
Full Stack Developer
ICOPicker - Quirijn Vehmeijer
Quirijn Vehmeijer
Blockchain and ICO consultant

Token Info

  • Symbol/Ticker CCH
  • Platform Ethereum
  • Type ERC20
  • Bonus Yes

Presale Info

  • Presale Price 0.5 USD
  • Presale Start Date 07/01/2018
  • Presale End Date 09/01/2018

Investment Info

  • Tokens for Sale 46500000
  • Total Token Supply 93000000
  • Price Per Token 1 CCH = 1 USD
  • Soft Capital 1,000,000 USD
  • Hard Capital 30,000,000 USD
  • Accepting ETH, EUR, CAD or USD

September 2017

Concept design

January 2018

Funding from StartMonday

April 2018

Proof of concept and whitepaper

June 2018

Private token sale and partner talks

September 2018

- Main net release - Main token sale

March 2019

6 hackathons completed 12 new dapps

September 2019

First 10 million users

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6 months ago


  • Token CCH
  • Platform Ethereum
  • Price 1 CCH = 1 USD
  • Soft Capital 1,000,000 USD
  • Hard Capital 30,000,000 USD
  • Accepting ETH, EUR, CAD or USD
  • Country The Netherlands
  • Restrictions
  • Know Your Customer Yes
  • Whitelist Yes

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