Frequently Asked Questions

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Get To Know Us

The name “bitJob” is based on the word “bit” which means “small / tiny / smallest portion in computer science”. We encourage employers and students to publish short-term jobs, which might be referred to as “micro jobs”. In addition, the word “bit” is ofcourse in reference to the “Bitcoin” community and other “bit” associations of the Blockchain environment.

Any Student or employer can use the bitJob platform to promote, connect and get things done in the most efficient and professional way. In the future we will encourage professionals to register in order to increase the quality of delivery by the whole marketplace.

Our team is made from a striking combination of loyal and experienced founders, marketing directors, committed programmers, and crypto stars have gathered to create this exciting social project.
· Dror Medalion – Industrial and management engineer; world expert in product design and team leadership.
· Aviad Gindi – Experienced Investment manager of institutional mutual funds & Crypto funds.
· Elad Kofman – A Marketing and public relations expert with 6 years of breathing crypto.

bitJob’s technology merges the benefits of micro-gigs and freelancer-centric bidding sites with Ethereum Blockchain, creating the first Hybrid Blockchain Project that allows for peer-to-peer connection with employers and students.
bitJob is also a Semi-Decentralized platform, using both centralized payment methods (fiat money) and decentralized digital cryptocurrency, developed on Ethereum Smart Contracts. bitJob will enable students to earn a stable income with their free time, enriching their portfolio and engaging with digital currency for the first time.

Techy Stuff

Bitcoin is extremely good at transferring one kind of value. However, Bitcoin’s wider adoption in commerce has been negatively impacted by its volatility. This is one of the major factors that has put off e-commerce merchants, brick-and-mortar stores, and the general public. So, Bitcoin is very good for value storage like virtual gold, but not for everyday transactions.
Ethereum smart contracts hold incredible potential for everyone’s future. At the same time, its main purpose for now is the creation of ERC20 tokens and raising money.
In order to execute our bitJob Affiliate Plan for the student unions and HR firms, we need to be able to offer compensation for everyone, because that’s how “win-win” scenarios work. Giving students hands-on experience using STU tokens will build trust in our wonderful technology, allowing it to grow and driving its evolution towards mainstream markets.

We are integrated with the Ethereum blockhain technology. For this reason, we don’t need to spend money on hardware, infrastructure, or tech staff. Platforms like Ethereum offer such infrastructure, which has minimal costs. There is an abundance of advantages of the Ethereum blockchain, such as the ability to have a protected platform which is dependable, well-organized, con proof, and maintains the transactional details or records transparent.
Additionally, the Ethereum technology will reinforce the financial department of our company. Since, each transaction is automated by the smart contract, they will carry on the process on their own plus the transparency of the transaction will keep frauds, scams, risks etc, at bay.
Any new technological advances within the Ethereum community will be available to our platform as soon as they are created on theirs. It would be impossible for a business that facilitates freelance jobs to simultaneously invent systems that can be competitive in the global market. Due to the competitive nature of technology in global markets, it is very likely that a new platform similar to Ethereum will someday appear—offering new abilities, gaining market share, and offering competitive pricing—thus creating an environment conducive to experimentation and to inexpensive operation.

Our Project VS Other Similar Platforms

Business wise, we have verity of competitors that are focusing in freelancer seekers.
Example to these competitors are: Fiver, Upwork and Freelance.com.
However, we stand out because our platform focuses solely on students (none of the platforms are interested to help these particulars).
In addition, Students today don’t have a chance working on these platforms based because of their poor experience. The current freelancer’s market is ruled by expensive professionals. Students in our opinion are deserved to have their own eco-system.
Our platform educates students all over the world to utilize cryptocurrency and to experience blockchain technology.

bitJob will create new revenue models for the traditional HR industry by creating “win — win” scenarios. It will increase revenues for bitJob and yield for its’ contributors. We are catering to a segment that is hungry for a solution now with hundreds of millions of potential users.

Technical Stuff

Yes, as long you think you can deliver. The bitJob rating system and decentralized identity will demand a high degree of quality in execution; as a highly ranked profile means more valuable and profitable opportunities upfront.

According to the business model, every “bitJob” delivery will be examined by 1 or 2 audit judges, before handing it back to its publisher, dependending on the specific job needs. This will help provide trust from the SME/SMB side, as well as confidence and encouragement for the students to excel in the 1st year. At the beginning of the 2nd year, “5 stars bitJob students” will get the chance to judge and audit other jobs themselves, allowing them to earn more money and experience.

Yes, every student will get the option to upload his/her rated “bitJobs” and show them off, on his own unique blockchain resume. DRP is a vivid and live resume, that shows every bitJob the student took, including the rating and ranking given by his previous employers. It is completely free and will give future employers a reliable way to understand and check their bitJob applicant’s abilities and skills.

Payments Stuff

bitJob’s high cryptographic security allows it to process transactions in a very efficient and inexpensive way. You can make and receive payments using STU tokens or FIAT money, with a very minimal transaction fee. In most cases, fees are not strictly required for transactions between students, but they are recommended for faster confirmation of your transactions.

The employer or the student?The platform is entirely free for students. bitJob will collect fees and commissions from the SMB / SME who will use the platform services.

STU tokens can be transferred from Africa to Canada in 10 minutes. In fact, STU tokens never have any real physical location, so it is possible to transfer any amount anywhere with no limits, delays, or excessive fees. There are no intermediate banks which often take three to five business days.

Security – You Are Safe!

Any business that accepts credit cards or PayPal is familiar with the problem of reversed payments. Chargeback frauds result in limited market reach and increased prices, which in turn penalizes customers. STU token payments are irreversible and secure, meaning that the cost of fraud is no longer pushed onto the merchants.

bitJob is extremely secure. The Ethereum blockchain is backed by the crème de la crème of community leaders, with state of the art encryption, which provides each transaction with the highest possible level of security.

bitJob is based on a reputation model, which means that if the user chooses to stay anonymous, he/she most likely won’t get chosen by an employer. SMB / SME seek out the highest rated students to perform and deliver their microJobs. You can also share your identity with others on the platform for enhancing reputation, for better security, for accounting purposes, audit purposes and more.

Our Coin -STU Tokens

You will be able actually spend them! bitJob is already collaborating with CRYPTO ATMs that will be implemented on every student union affiliate location. In addition, students could use STU to buy things from local businesses around the campus, such as coffee, study materials or getting a cool haircut!

Anyone can accept or use STU tokens. Just like e-mail, regardless of where you are in the world, you will have access to the bitJob Network and the ability to send and receive STU tokens.

The STU economy and bitJob platform seek to solve an age-old problem: gainful student employment. Most of us have dealt with the “education vs experience” dilemma; one must have both education and experience in order to vie for meaningful jobs. However, it is difficult to obtain relevant paid work experience without completing said education. This is where bitJob comes in. We intend to provide meaningful and relevant work experience to students via our revolutionary Platform, helping students to gain valuable work experience and build their resumes.

  • The STU tokens Took part in a social project & a global movement which have raised more than $3M from 2,000 different Supporters. For the Future of our Children!o Thanks to STU tokens, you can apply for a job, earn a living, and get the best affordable deals and services designated for the student audience.
  • You can use STU, the first blockchain Based Student Coin, to join a global network of employment, financial services & online merchants and to enable a decentralized & transparent future for our next generation.
  • Thanks to STU tokens, you can gain Exposure to segmented commercial communities, empower Students rights to unite globally by enriching them with innovative business opportunities around the world.

STU tokens protocol is ERC20, which is based on Ethereum blockchain. Thus, every wallet that supports ETH and ERC20 Tokens, can hold STU. Our Token’s security and Keys are generated by the host of ETH wallet. One example for this is the Trezor Hardware Wallet which generate its user Keys in the most advanced method known today.

The total number of STU tokens is 200 million, we’ve set this cap so all our contributors will know exactly how much STU tokens will ever be produced.