OVERVIEW
Boon Tech is Introducing to you, the First Al Powered Decentralized Job Market-#BOON TECH
a decentralized platform and collection of smart contracts forming a decentralized job marketplace. Within this framework, the benefits of AI become a global commons infrastructure for the benefit of all involved parties.
Boon Tech aims to become the world’s first Artificial Intelligence powered job marketplace to utilize the massive computation power and data analytics to gain valuable percentage points of accuracy, giving our users a much higher ROI compared to a traditional platform.
Vision
Freelancers contribute 1.4 trillion dollars annually in freelance earnings to the world economy. 77 million people Freelance worldwide. freelancers. The majority of workers will freelance by the year 2027. Millennials are leading the way with 47% of them freelancing, more than any other generation.
Boon Tech is designed to deploy Artificial Intelligence for the ever-increasing benefit of as many freelancers and corporations/entrepreneurs as possible.
HOW BOON TECH WORKS
AIQ or Artificial Intelligence Quotient
Clients as well as freelancers need methods to estimate the reputation of marketplace participants. This is critical for making choices regarding everyday transactions in the network, and it also plays a core role in network governance and resource allocation.
Boon Tech platform uses IBM Watson’s AI personality Insights to infer potentially unnoticed communications, events, and portraits of individuals that reflect their personality characteristics. We use linguistic analytics to infer individuals’ intrinsic personality characteristics from digital communications such as email, text messages, phone calls etc.
Based on this output we assign an AIQ score to all the users in our platform. This score is a range from 1–100.
This quotient is 20 times efficient than the 5 star reviews currently present in any micro job platform.
ADVANTAGES OF BOON TECH
AIQ can provide insights that help the Boon Tech platform to learn and adapt more about our users.
Understand our customers at a deeper level by learning our clients’ preferences, improving customer satisfaction, and strengthening client relations.
Improve client acquisition, retention, and engagement.
Guide highly personalized engagements and interactions to better tailor our platform, services, campaigns, and communications for individual clients.
BLOCKCHAIN INTEGRATION
Blockchain technology is a means of transferring money over the internet without an intermediary such as a bank or payment processor. It uses a distributed ledger that is updated by consensus among the community, rather than held privately.
Boon Tech requires no special innovations in cryptocurrency or blockchain technology, and the initial implementation will be built on Ethereum, with smart contracts written in Solidity and designed to minimize the gas cost for network operations.
Due to the rapid evolution of cryptocurrencies and associated tools, Boon Tech will need to be able to shift between different crypto-economic infrastructures as technology progresses. Plans are in place to integrate BTC, LTC and Zcashinto our platform.
Need for Boon Token
The choice to create a native token for Boon Tech transactions was not made casually. To create a job marketplace that makes transactions smooth, guarantees international access, and incentivizes network growth we require a native token and economic model optimized for a peer to peer market.
In more depth, some of the underlying reasoning was as follows. Boon coin is required because:
· Hedging against Cryptocurrency Volatility
· Payment flexibility with international transactions
· A Scalable Transaction Infrastructure
· Network Incentivization via Inflationary Rewards, with Decentralized Regulation
INDUSTRY MARKET FEES
Key Principles Have Been Used to Guide the Design of Boon Tech.
The most important principle is that everyone who contributes to a venture should receive pro-rata ownership, payment or debt from the venture. This principle is the same principle that is applied to all start-up businesses as they allocate shares at founding stages, and again during subsequent funding rounds.
The second principle is that all forms of capital are equally valuable. This means that those who contribute their scarce time and attention toward producing and serving others are just as valuable as those who contribute their cash.
Known as the sweat equity principle, this is a concept that prior cryptocurrencies have often had trouble providing to more than a few dozen individuals.
Capital Contributions
There are two items a community can offer to attract capital: debt and ownership. Those who buy ownership gain a profit when the community grows, but lose if the community shrinks. Those who buy debt are guaranteed a certain amount of interest but do not get to participate in any profits realized by the growth of the community.
Both types of capital contributions are valuable to the growth of the community and value of its currency. Additionally, there are two ways ownership can be held: liquid and vesting. Vesting ownership makes a long-term commitment and cannot be sold for a minimum period of time.
The Boon Tech network calls these different asset classes Boon Coin (BOON) and Boon Dollars (BD).
Boon Coin (BOON)
Boon Coin (BOON) is the fundamental unit of account on the Boon Coin blockchain. All other tokens derive their value from the value of BOON. Generally speaking, BOON should be held for short periods of time when liquidity is needed. Someone looking to enter or exit the Boon Tech platform will have to buy or sell BOON. Once BOON has been purchased it should be converted into Boon Dollars (BD) to mitigate the impact of dilution over the long-term.
Payout Distribution
One of the primary goals of Boon Coin’s reward system is to produce the best discussions on the internet. Every year 10% of the market capitalization of Boon Coin is distributed to top contributors. At the size of Bitcoin, this could be as much as $1.75 million dollars per day being given to top contributors. The actual distribution will depend upon the market capitalization, but we envisage that the vast majority of the rewards will be distributed to the most hard-working contributors.
Zipf’s Law is one of those empirical rules that characterize a surprising range of real-world phenomena remarkably well. It says that if we order a large collection by size or popularity, the second element in the collection will be about half the measure of the first one, the third one will be about one-third the measure of the first one, and so on. In general, the one-thousandth-ranked item will measure about 1/k of the first one.
Advantages of Boon Coin
Purchasing the Boon Coin during the Initial Coin Offering (ICO) rounds have the following benefits for early enthusiasts and backers of the Boon Coin:
Token holders can get access to the services provided within the BOON Ecosystem.
BOON Coin and cryptonised assets‘ transfers within the entire ecosystem.
The BOON Coin can be exchanged with major cryptocurrencies.
The BOON Coin is currently only available through ICO rounds but will later be made available to purchase.
BOON Coin holders will have the liberty to sell their BOON Coin on the market at their discretion after the ICO ends.
The Technical Team
With the Likes of; Rajesh Pavithran (based in Washinton DC),
Sunil Jacob, Govindraj Malehithlu, Bobby Mathew,Vinayak Vijayan, Rob Gonzalez, all having 20+ years in their field of expertize, you can be rest assured that your investment into #BOON TECH is in a save hand and will guarantee maximum returns.
Marketing Road Map
A. Phase I -1st Quarter 2018
•Invest more in tools and softwares, try to automate the marketing to improve efficiency.
•Develop a partnership with job market corporates like Indeed.com and monster.com by providing value (e.g. provide ads for no charge in Boon Tech Platform).
•Run ad campaigns, social media campaigns, reach out to influential in the domain, hire a strong marketing team and bloggers.
B. Phase II -1st Quarter 2018
•Continue the marketing campaign, AB testing all channels and avenues.
•Strengthen the marketing team and build a strong core group of people in marketing.
For more info about our ICO, reach us on any of these channels:
Website………… http://www.boon.vc/
Twitter…………….. http://www.twitter.com/BoonTechUSA
Telegram…………. https://t.me/booncoin
Whitepaper……… https://boon.vc/Whitepaper/BoonTechWhitePaper.pdf
Author:
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1318207
Facebook Profile Link: https://www.facebook.com/Prinox1
