FAQ
What is the Problem that POPP addresses?
The corporate world is moving towards increasingly more digital interactions
How we interact with each other has fundamentally changed. We have moved from physical to digital handshakes. We are progressing from in-person meetups to something entirely different.
The requirement for these meetups has not changed: We still need to meet with specific people and we still need to know who they are. What has changed is the where and the how.
Web3 has resulted in a wave of new meeting places, powered by the growth of the metaverse. Users are engaging with these new places at enormous levels and it is only a matter of time before the corporate inflection point is reached where meetings, fairs, events, conferences (and others) are 100% in a metaverse environment. The world needs a Web3 solution to solve a core problem that will mushroom if not solved: How does one verify that someone is who they say they are?
Considering an employee in a company:
If we allow users to adopt any avatar and to append any skin or item of apparel, we can no longer use the physical inspection of yesterday to confirm Person A is indeed Person A. If we can’t confirm Person A is from Employer X, then we have a huge problem of trust and transparency.
How we interact with each other has fundamentally changed. We have moved from physical to digital handshakes. We are progressing from in-person meetups to something entirely different.
The requirement for these meetups has not changed: We still need to meet with specific people and we still need to know who they are. What has changed is the where and the how.
Web3 has resulted in a wave of new meeting places, powered by the growth of the metaverse. Users are engaging with these new places at enormous levels and it is only a matter of time before the corporate inflection point is reached where meetings, fairs, events, conferences (and others) are 100% in a metaverse environment. The world needs a Web3 solution to solve a core problem that will mushroom if not solved: How does one verify that someone is who they say they are?
Considering an employee in a company:
If we allow users to adopt any avatar and to append any skin or item of apparel, we can no longer use the physical inspection of yesterday to confirm Person A is indeed Person A. If we can’t confirm Person A is from Employer X, then we have a huge problem of trust and transparency.
What Is the Mission of POPP?
To be the Sole Protocol to Govern Verification of Employers and Employees in the Web3.0 World
What is Proof of Position Protocol?
Launched in 2023 by a Zurich Based Technology and Media Group, POPP is a blockchain and smart contract powered platform that provides proof of identity for employees and employers.
What is a one-sentence pitch for your project?
POPP has the objective to provide a protocol for verification of Employers and Employees in order to facilitate safe and transparent interactions in an increasingly digital world.
What is the token/coin full name?
POPP: Proof of Position Protocol
What is the token/coin symbol?
POPP
What token platforms is the asset currently on?
Ethereum, ERC-20
What is the maximum number of coins that will ever exist?
1,000,000,000
Where can I view a link to the Project whitepaper?
What is the main application of the Project?
Verification Protocol
What is the target industry of the project?
The protocol can be leveraged by all companies to verify and authenticate their employees. In this sense any employer who has employees working for it is a part of our target market.
What is the current development stage of the project?
Beta phase
Platform and protocol are developed and live.
We are pre-revenue generating with a goal to scale the platform on a freemium basis for next 6 months and then monetise accordingly.
We are fortunate to have >150 associated businesses that are going concerns that we can leverage to grow our own brand and solution which gives us an invaluable boost in scaling our platform.
Platform and protocol are developed and live.
We are pre-revenue generating with a goal to scale the platform on a freemium basis for next 6 months and then monetise accordingly.
We are fortunate to have >150 associated businesses that are going concerns that we can leverage to grow our own brand and solution which gives us an invaluable boost in scaling our platform.
Why do we have a native POPP Coin?
There are a few reasons why we believe a native token is necessary:
- For protocol governance
- Although we won't launch with any sort of on-chain governance, the token could be used for that in the future
- Rewards and incentives
- Much of the early traction with users will be based on strong incentives to get the flywheel going. We will require a reserve of our own native coins to use for marketing and incentives to spur users into action
Is there a limit on the number of tokens/coins that can be held by a user?
No.
We planned to limit the number of coins per wallet on the coin offering phase to try and reduce volatility of the coin prices after launch.
We will at all times have the largest token allocation internally and we will use this to manage and maintain liquidity in the market.
There are processes within the protocol where coins in the form of deposits are recouped by our wallet and hence we are able to take in and sell coins (or cede them initially) to ensure that the liquidity is there and the price is stable.
We planned to limit the number of coins per wallet on the coin offering phase to try and reduce volatility of the coin prices after launch.
We will at all times have the largest token allocation internally and we will use this to manage and maintain liquidity in the market.
There are processes within the protocol where coins in the form of deposits are recouped by our wallet and hence we are able to take in and sell coins (or cede them initially) to ensure that the liquidity is there and the price is stable.
What is the anticipated 1) Offer Size ($mm), 2) # of Tokens, and 3) % of Total and Initial Token Supply.
Offer Size: USD 100mn
# tokens: 200mn
% of Total and Initial Token Supply: 20%
When is the expected Public Sale date?
July 2023-Aug 2023
What would be the public sale token price in terms of USD
$0.5 per POPP Coin
Any countries' residents to be excluded from receiving or holding your token?
No
Why is POPP targeting a recruitment use case?
We believe we need to have a killer use case to start off the usage and traction of the protocol
Ringier specializes in recruitment platforms. We know the industry inside-out and we are confident that we can create a killer use case with this application.
Ringier specializes in recruitment platforms. We know the industry inside-out and we are confident that we can create a killer use case with this application.
Why is Ringier well placed to drive POPP?
- We have all the skills and knowledge to build this in house
- We already have the protocol completed
- We have deep experience in jobs classifieds websites
- We have the extensive physical and media reach of the Ringier Portfolio to leverage
Where Can I Buy POPP?
We are preparing for a coin offering in July 2023. More information to follow in due course.