Boldly declaring itself as ‘the world’s first data driven platform tool’, Peoplewave's Initial Coin Offering sale provides $5 million USD available for purchase in PWV tokens. The soft cap of USD $2 million has already been achieved and early investors can benefit from a bonus of 95 % on the first $1 million USD worth of PWV tokens (or for the first 24 hours) whichever comes first.
What's the story behind Peoplewave?
Peoplewave says Wavebase, the name of its decentralized platform, was created as a result of finding inadequacies within existing performance and employment systems. Problems such as poorly trained managers, biased decision making and an overworked HR function that places too much emphasis on compliance.
On the Peoplewave blockchain, employment information will be stored, allowing employers to consider the credentials of employees, based on past performance. The data can also be used to recruit new candidates.
The company was set up after ‘deep frustration that good employees sometimes become victims of corporate restructures, biased decision-making or have been unfairly treated.’ Peoplewave says its values are: being human fair and caring; being transaparent; making decisions with data and being bold in order to achieve greatness.
In an article in Business Times, CEO Damien Cummins refers to his own experience of an ‘unfair workplace’ when he found himself suddenly redundant after his boss retired. He said: “It was shocking and soul destroying. But in that moment, something became very clear: Work isn't fair. HR was not transparent, and I wanted to change this – to disrupt and re-invent how HR and people management is done, making it more transparent, data-driven and fairer to both the company and employee. This was the catalyst that gave birth to Peoplewave.”
The ICO recently announced its tokens will be offered for sale on Quoine’s Mission Critical Platform. The partnership with Quoine means that the crypto enthusiast audience is reached more readily and the Know Your Customer process has already been completed.
The ICO will begin on Thursday 31st May. 1 ETH = 6,88 PWV tokens.