No worries. Just follow the instructions in the blog post

It will be taken are of if it's before the end of next month.

No worries. Your ticket was responded to before this message was posted. Please follow the instructions outlined in the blog post and we'll go from there.

Just open a ticket. You'll be fine  https://goodomytoken.freshdesk.com/

https://goodomy.com/2020/01/05/the-erc20-to-fantom-network-token-swap-for-goodomy/

Please note everyone was asked to perform the token swap in January. We figured 9 months was enough time for people to git 'er done, but it seems that more time is needed. No worries. Just open a ticket and it will be taken care of.

The WORK token is now live.

Please check the website for details, current rate, and bonuses.

https://workcha.in

For WORK token pricing, the more 14-day periods that pass, the higher the price. The price calculation of WORK tokens is set in the smart contract and cannot be changed by anyone.

(The smart contract code will be made public on Etherscan)

Note that Workchain is an open-source project that is designed to give all contributors an opportunity to get paid for their work. As such, there will be multiple different teams working to improve the Workchain concept and its ecosystem, not just one. Each will be adding value for holders and users, competing for a slice of the reward pie every pay period and submitting tokens for validation.

In the hyper-competitive Workchain model, workers add value first and then seek validations from holders based on the value that they have added. The more validations a worker receives compared with other workers, the bigger their share of the worker rewards.

The Workchain website has been updated with new info (top portion). the WORK token is launching in 4 days.

I suppose I should make that more clear on the site. Teams will be competing for the rewards in the pay period. Contrast this with ICOs, for example, where teams 'earn' money first, then produce value.

In the Workchain model, teams will produce value first, then get rewarded based on what percentage of validations (votes from holders) they get. It's a new kind of open-source model where teams can get rewarded for what they produce.

The default team is my own. My developers are not involved with crypto so much, which helps minimize internal scams and malicious behaviour that is so common in crypto. So my team will be competing with other devs, teams, and others who'd like to help out on the project.

Simply put, Workchain is an autonomous, two-way incentive mechanism for blockchain that can power an endless variety of intangible economies.

How does it compare to blockchain?

Blockchain allows you to transfer value one-to-one. Rewards go to network providers.

Workchain allows you to produce value and transfer it one-to-many. Rewards are distributed to everyone according to their contribution (for holders) and validation (for workers). Runs on top of blockchain.

The Future of Workchain

Dear Workchain community;

The past few months have been great for workchain. The economic model is done, as well as the code. The next few months will see a change in strategy.

I originally wanted workchain to be something that anyone could put together themselves, like a computer kit. But, as I've always said, crypto is still stuck in the 2014-2017 mindset and it will take some time for such a radically new idea to grow. But we're going to give it a little push.

Instead of putting out the 'first personal computer' as a kit, like MITS did with its Altair computer way back in 1974 (inspiring both Jobs and Gates simultaneously), we're going to Apple ourselves and sell the kit 'pre-assembled', so to speak. And we're going to make it an amazing user experience. The first real example of workchain will be workchain itself.

This means that over the next few weeks you'll see a bit more of the vision of workchain as an operating system for a new kind of economy, running on blockchain.

"Blockchain is an economic computer. Workchain is the OS"

Workchain OS will be a freemium product that users will be able to download and use. It will be an interface to the workchain economy and "wapps" (workchain apps, formerly called 'ITOs'). Like Windows is an interface to a traditional computer that makes it much easier for people to use, the workchain interface will also make it easier.

In order to use parts of workchain, users will need the Workchain OS token. This will be 'airdropped', ITO-style, every 14 days to everyone who holds the Workchain token. The more workchain tokens you have, the more Workchain OS tokens you will receive. It will likely work as a subscription model (e.g., "send 500 tokens to this address for a 1-month subscription to Workchain OS")

Using the interface (or deploying a contract from MEW) anyone will be able to build a wapp within minutes, for just about any use case. The OS will not only list those wapps that you can get tokens for but also explore the work being done in each, participants, and lots of other valuable and interesting things.

Workchain token pricing is expected to correlate to the number of addresses that hold the token (0.0001*addresses).

Workchain will be an open-source project that any developer can work on. That means that my development team will be competing for validations just like any other team or dev working to make workchain better. However, token holders will still get the Workchain OS token even if competing teams are validated more.

My other projects fall under the same umbrella and may also produce tokens for Workchain: OTOL (Organization Technology Over a Ledger) will be an incentive-based messaging app for enterprises, similar to some salesforce applications. Goodomy will be the consumer version. Both will be wapps on workchain, like Microsoft has MS Office and Excel running on top of Windows, as an additional offering.

Worchain is the personal computing revolution all over again. Are you ready?

[a link will be posted to the new thread]

No need to buy when you get them for free for owning the token

If you own the iToken token, all of the tokens added by producers are distributed automatically.

Buy once, get a share of all of the tokens.

Think of it like a currency exchange rather than a stock exchange

Producers can add a minimum of 1 token of whatever Ethereum-based token they wish. Buyers validate the tokens they like by sending 1 or more ITOKEN to its contract address. This increases the weight of the producer's share (that added the token).

So, for example, if you send 100 USDT to iToken (by producing, per the instructions) then a buyer could validate it by sending 20 ITOKENS to the USDT contract address. The 20 ITOKEN tokens will then return to the iToken available supply and your reward weight will increase.

If you have 15% of the validations at the end of the work block then you would be scheduled to receive 15% of the ETH rewards whenever you approve of it.

Someone else might send MickeyMouse tokens, but a buyer will still have to send ITOKENs to that contract in order to increase the weight of the producer that added it.

Hope this explains it a bit more.

There's no interface yet, but everything can be seen on Etherscan. 1) how much ETH is in the contract; and 2) what tokens are in the contract.

If the concept becomes popular then I'm sure there will be multiple interfaces and apps to this and other workchains.

This is not an investment, and there are no dividends.

There are 2 parties:

1) Buyers, who buy the token and receive rewards (other tokens) added to iToken by producers

2) Producers, who add external tokens (any ERC20 token) in order to try to claim rewards.

If you hold ITOKEN you are scheduled to receive these rewards from producers. Once you signal your approval of the work done during the work block (by producers) by sending a very small amount of ETH to the contract, then you can receive whatever distribution is due to you.

One's share of the reward pool is more important than price.

As noted above, "...Rather than being an investment vehicle, it is a method of getting rewarded for performing work in an economy."

Further..


Again, it's an entirely new way of thinking about crypto that will take some time for people to really see the value of. We're used to thinking of crypto being about exchanges, price volatility, hacks and scams, etc. But I don't think that's the future of this kind of market. It's the traditional market (i.e., stocks) but crypto has a chance to be much better and more revolutionary.

Check here: https://workcha.in/workchain.pdf

It needs some updating, though, as the pricing model is fixed-price (in the whitepaper it is continuous-inflation)

No exchange is needed, as iToken is, itself, a type of exchange. Having it on an exchange would serve no purpose, as anyone can get tokens directly from the contract, and the price is always the same  

By the way, you're free to request an automated refund from the contract if you change your mind before the first work block is finished. It's not 100% guaranteed, but it should go through if there is enough ETH in the contract. (No ETH is distributed to producers before the end of the first work block. You would then get the amount you put in, minus gas.)

Refer to section 5C of this page: https://workcha.in/buying-into-an-infinite-token-offering-ito/

The 2 failed transactions had too low of a gas limit. The minimum should be 200,000 (per the instruction page).

The first one had a limit of 21,000, while the second one had a limit of 30,000. However, the sender should set the gas limit manually (rather than having it figured out automatically). That's because the contract needs to send back the tokens to the sending address.

This is an entirely new concept for crypto. I would imagine that most people would hesitate. There is no need to send anything. The block ends in about 28 days, so I'm guessing some would wait to see what tokens will be added first. There is plenty of time, and one would pay the same price on February 13th as they would today.

There is no need to send anything. You're welcome to observe how it works (or not). Like I said.. it's a new concept for crypto. I'm guessing it will take at least a year for crypto to catch up.

If someone sends 0.011 ETH, the balance would increase by that much and serve as a reward for producers adding value to iToken.

Any other questions? Feel free to ask. Let me know if I didn't answer something clearly.