The $WORK Rewards (“$WORK”) of the Employment Commons (the “Commons”) aligns economic incentives between Commons Members to support the future of the independent, self-sovereign worker. There are two types of Members in the Commons; Employee and Coalition.
- Employee Members are independent workers actively co-employed through the ecosystem
- Coalition Members provide new Member referrals, technology and/or services to the Commons
- Initially, Employee Memberships are limited to those who are qualified to work in the United States
- The Commons anticipates eventual global expansion
- All U.S. and international persons, organizations, and DAOs are qualified to be Coalition Members
The Commons economic model allows for Stakeholder Capitalism in a collectively owned, for-purpose (and profit) digital employment cooperative, as discussed in the Opolis Off-White Paper. $WORK is designed as a Cooperative Patronage Rewards token used as a means of incentivizing stakeholders to engage in certain patronage activities deemed valuable by the Commons. $WORK tokens are a unit of account to determine the amount of patronage profits a Member is entitled to if/when they are declared by the Commons.
Functionally, the Commons offers Employee Members the ability to:
- Reap the benefits of group purchasing power for reduced costs on products and services (e.g. group healthcare insurance, technology tools, and shared services)
- Share in profits with other stakeholders based on patronage
- Become an “owner” in a shared network that protects its Members’ best interests
- Participate in the governance of the Commons
Members earn $WORK for patronage in the Commons ecosystem via:
- Using the Commons for the processing of payroll, employment benefits, and shared services as an Employee Member
- Direct referrals of new Employee Members
- Staking rewards by staking $WORK
- The Commons Trustee, Opolis, Inc., as a team member, contributor, advisor, or shareholder
