Overview of the project.
Even with the rapid development in the recruitment of talent, it remains a challenging task for every business. Talao is here to provide on-site solutions to both big and small issues related to recruitment.
ICO Talao is a new decentralized platform on the blockbuster, which helps companies to find new talent and freelancers in the industrial and technology fields based on their skills, achievements, and experience. Talao aims to help companies find the best talent in the market by directly interacting with them without any third party or commission.
The Talao ecosystem consists of 5 key players:
• Talent
• Communities
• Clients
• Third Parties
• Competitors
Benefits of Talao
For Talent
•Build communities in the form of Distributed Autonomous Organizations (DAO) and make an impact on the market
•No commissions
•Complete blockchain certified experiences and increase their recruitment value
•Use fiat and cryptocurrencies escrow accounts for payment
•Availability of verified/ anonymous accounts
•Conflict resolution without additional cost
For Client/ Requestor
• Find content: answers to questions, documents, MOOCs, etc.,
• Search the DAO talent database and access top talent Reputation Vault
• Find talent for temporary or permanent projects
• Outsource a project to a group of talent and oversee contracts.
Talao model
-The reputation system
A reputation system can be described as a value model which acts as the base for the ecosystem and behind it, there is usually authority and income issues.
As of now, the reputation system is based on client ratings. In a market, clients and talent exchange feedback and Talao reputation is a number related to a specific talent based on his/her client rating. Talao reputation can be used to influence the community as a member and it is unique to every member. Ways of earning reputation include client ratings and community contributions. However, talent can lose reputation through offensive behavior, decay, and negative client ratings.
Talao allows users to import their ratings from other markets, job boards, and social media, but they also provide a data deny system.
The decision-making system
The decision-making system consists of smart contracts to suggest, alter and vote information used in programs. All the decisions are backed by user reputation which is based on their contributions and client ratings.
The main feature in Talao is the ability to balance voting among client ratings and contributions. This is called hybrid voting.
The voting system consists of stacking tokens for an amount of time and there is no need to follow a complex procedure to lock/ unlock tokens. Every registered user will be given tokens at Bootstrap.
Following are 2 important processes among many others, provided to address boundaries related to objection and dispute
1- Data Deny: As a third party, external data storage programs supply information to smart contracts and feed the blockchain. From that position, they are viewed as oracles.
2- Client Rating Import: You can import your external client ratings when you migrate to Talao from a traditional centralized market.
The objection and dispute process is used to ensure the safety of the community from potential harmful actions of new members. A dispute can be opened by a client or talent and once it’s opened by one party, the other party gets 5 days to confirm it. If it’s not confirmed within 5 days, funds are transferred as agreed before. If the dispute is confirmed, both parties have 5 days to prepare their arguments and suggest new figures and stake 5% of the disputed amount in escrow. Otherwise, funds are transferred as agreed before. The mediation team will then proceed to analyze evidence and make a decision within 2 days. The winning party is refunded and the rest of the deposit is received by the mediation team.
Advisors and Team.
Advisors
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Team
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Token Metrics
TALAO is a utility token and ERC20 compliant which is used in payments for market services and managing private blockchain vaults. They can be either stacked (protocol stacking function) or exchanged between client and talent wallets. (Protocol transactional function).
The total supply of TALAO tokens - 150 000 000
For sale - 100 000 000
Hard cap - 24 000 ETH
Soft cap - 5 000 ETH.
Value of the TALAO token - 1 ETH = 1000 TALAO
Token sale
The public pre-sale will start the 4th of June for a minimum allocation of 10 ETH and a bonus plan as follows:
From June, 4th to June, 11th: 25% bonus
From June, 12th to June, 18th: 15% bonus
From June, 19th June to June, 25th: 10% bonus
From June, 26th June to July, 1st: 5% bonus
The crowd sale will start on the 2nd of July and will end on the 29th of July or when the hard cap is reached.
Anyone can participate except for residents of USA and residents of countries where the sale, buying, trade or use of TALAO is illegal.
Conclusion
Talao is a unique platform which aims to develop, and address issues related to recruitment of talent by providing on-site solutions. With Talao, companies can find and hire the most skilled talent in the marketplace based on their reputation without any mediator. Talao platform offers talent an opportunity to rise in communities managed as DAOs without any commission fees. It is also beneficial to clients as they get to choose the most skilled employees. Talao model consists of 2 systems which are the reputation system and the decision-making system in which users have the ability to import their client ratings from external markets and clients have access to the data deny process. Talao also provides an objection and dispute system which helps protect the community from any harmful user activities. In our opinion, Talao bears the aspects of a promising project which will simply the recruitment process for everyone.
Official Website - https://ico.talao.io
Facebook - https://www.facebook.com/TalaoDAO/
Twitter - https://twitter.com/TalaoDAO