Work QuestPrice

(WQT)

WorkQuest utilizes a dual-token system to power its ecosystem. WQT is the native governance and collateral token, used for staking, DAO voting, and collateralizing the platform's financial components. WUSD is the stablecoin specifically designed for payments between employers and employees, ensuring that the value of earned wages remains stable despite market fluctuations.

The platform operates on the WorkNet blockchain using smart contracts that function as a trustless escrow system. When a job, known as a 'Quest,' is started, the payment is held securely by the smart contract. These funds are only released to the employee once both the employer and the employee confirm that the task has been successfully completed.

Following a security incident in early 2023, WorkQuest moved to a new contract address on the BNB Smart Chain. During this recovery process, users were classified as Type A or Type B based on when they held or acquired their tokens, determining their specific exchange ratios. Most holders have already received their tokens through the project's migration portal.

Users can obtain veWQT, or 'vote-escrowed' WQT, by locking their tokens for a set period. This version grants holders greater governance weight within the DAO and a larger portion of protocol revenue. Staking options often include multipliers, meaning that users who commit to longer lock-up durations receive higher relative rewards.

No. There is a crucial distinction between the WorkQuest crypto project and fraudulent 'Task Scams' on Telegram that trick users into liking videos for money. Furthermore, the project is entirely separate from the Texas-based non-profit for people with disabilities. Users should only interact with the official project website to avoid these unrelated schemes.

To interact with the WorkQuest dApp and manage assets on WorkNet, users should use compatible Web3 wallets. For trading and liquidity, users can access WQT through established exchanges such as LBank. Always verify you are using the correct contract address and official links to ensure the security of your assets during transactions.