Nodeseeds has invested in Opolis, a blockchain cooperative providing benefits and services to independent workers in the United States and (soon) beyond.
Nodeseeds Partners With Opolis
As the world grows more decentralized, cooperation becomes increasingly important. We at Nodeseeds embody this need for cooperation in the form of our amazing community. Collaboration helps us to differentiate ourselves and provide the best user experience possible to our investors.
We identified this same deep commitment to freedom and cooperation in Opolis and are proud to have assisted in capitalizing their protocol launch. Providing administrative services, marketing, technology, and more via The Commons, Opolis facilitates an incentivized platform for freelancers, solopreneurs, and gig workers.
Currently operating exclusively in the United States, Opolis has around 4000 members in their burgeoning $WORK force, demonstrating the significant demand for cooperative services. Opolis also plans to expand its presence into Europe in the near future, further increasing its market penetration. The Nodeseeds team is excited to work with the Opolis community in expanding the decentralized benefits and services industry cooperatively.
How Opolis Works
There are two tiers within the Opolis ecosystem: Employee Members and Coalition Members. Employee Members are independent workers who are co-employed by both an entity they control (corporation, LLC, etc.) and the Employment Commons. Employee Members retain the right to vote in the protocol using accumulated $WORK tokens accrued through semi-monthly payments.
Employee Members contribute value to the Employee Commons in different ways. Referrals, channel partnerships, and staking $WORK all qualify an individual for Employee Member status. These individuals don’t hold employment or consume any of The Common’s shared services, but they receive distributions from the $WORK rewards program.
Protocol launch will see 315,000,000 $WORK tokens issued to Common Stakeholders via the Genesis Allocation. From these tokens, 47.6% are allocated to Trustees and 52.4% to the Community. Opolis vests 20% of the Genesis Allocation immediately and vests the remaining $WORK over four years, as shown below.
The minting of new $WORK tokens only occurs when the protocol hits predefined Growth Milestones. These Growth Milestones consider the Periodic Commons Payroll Volume (PCPV) and occur at every $50,000 or 5% growth milestone, whichever is greater at the time of calculation. This structure assures that as the protocol grows, members of the Community receive an increasing proportion of newly minted $WORK tokens.
Bringing It All Together
Nodeseeds proudly invests in outstanding DeFi teams and projects that seek to maximize their market penetration and positive social impact. As trustless interactions between individuals become more common, insightful companies like Opolis will continue to address the existing inefficiencies found in most industries thoughtfully. We are incredibly excited to work with Oplis in building a more cooperative and decentralized future.
If you missed our first monthly investment reports, you can check it out here. It’s an excellent resource regarding what we’ve been up to at Nodeseeds. Want to learn more? Keep an eye on our social media channels for immediate updates regarding partnerships, investments, and more or join the Telegram — we’d love to connect.