DEV Community: Fyras

What is the $CODE token? And should you invest in it?

Fyras — Sun, 26 Jun 2022 15:20:34 +0000

Background:

The $CODE token is a Solana SPL token that is used to power the codenjobs jobs search platform. In this article, we will cover various aspects of this token, and if it is a good investment both in the short and long term.

Utility:

Code&Jobsis a decentralized application built for recruiters and job seekers who would like to find candidates and companies in a more web3-friendly way than traditional job search platforms like LinkedIn.

The website makes searching for jobs more convenient for Web3 enthusiasts by offering features like blogging, interacting with smart contracts, as well as allowing users to chat directly on the website. They also allow users to include GitHub and Discord to their profiles with OAUTH2 to give more credibility to who they claim to be.

Users in the platform can use their $CODE tokens to post job ads for a 5% discount compared to Solana, as well as benefit from exciting upcoming features. For example, swap their SPL tokens in the codenjobs DEX(decentralized exchange) and trade NFTs in a built-in NFT marketplace and use NFT at its website profile. They also plan to give additional discounts for their NFT holders.

Add to that, each user has his Solana wallet address displayed on his profile, allowing companies to directly send payments in Solana and code tokens to their candidates and receive tips if they like blog posts from a user.

If you are excited about the future of Web 3.0 and decentralization, you should be using Code&Jobs when looking for jobs or recruiting in the crypto space and beyond.

In fact, the platform is great for professionals who would like to interact with others in the space and are eager to learn new technologies such as Flutter for mobile app development, the Rust programming language, etc.

Team:

The platform was built by a team of developers. The dev team is committed to ensure that the platform runs efficiently and continues to grow. It will be a long term project and a lot of investment done programmatically. They hired a few developers and writers already and paid them correctly.

While they can make smart contracts for ETH variants and other blockchains such as Bitcoin, they chose to use Solana considering its high throughput and low fees and speed. They also like its various features that allow the programmers to help customize details of a smart contract and CLIs.

The devs are active on Discord and Telegram, answering any questions by users, updating them on the new features added to the project right away.

Feel free to reach them out if you have any questions regarding the project, or if there is a feature that you would like to see added to the platform.

Tokenomics:

Since the $CODE token is a Solana token, its transaction fees are very low, and it can be sent to and from a wallet or exchange within seconds.

In fact, the token is supported by all Solana wallets that support SLP tokens, like Phantom for example.

Here are the token's details:

Contract address : Code7hV6DaK5Werof8c7vPwBxLvhmEWVUbU2AfhBZArB

Symbol: CODE

Decimals: 6

The maximum total amount of CODE tokens : 10,000,000,000.00

The team behind the project promises in the whitepaper to burn an amount of the token supply when it gets listed on more DEXs, which will help increase its price.

Funding allocation:

The Code&Jobs team will use the funding they get from selling their token on exchanges for improving the website's features.

Here is a detailed overview of the funding allocations from the project's whitepaper:

50% of the funds will be spent to deliver a better user experience and adding new features to the platform.
10% will be spent on marketing and increasing the project's adoption.
10% for legal counseling and any other legal expenses.
5% will be allocated for investors and the project's community.
5% will be held for solving any emergency that might occur.
10% will be allocated for daily operations of the platform and its users.

Roadmap:

The project team is working according to this roadmap:

Developing a smart contract for posting jobs in Q1, 2022. The dev team almost reached this milestone as the smart contract is already complete and was tested on the Solana devnet)

Releasing the platform's decentralized exchange in Q2,2022
Deploying the platform's NFT project in Q3,2022
NFT marketplace to be released in Q4,2022. The platform is actively adding new NFT features, such as the ability to display NFTs on your profile.

Is the $CODE token a good investment?

With the token currently trading at 0.00000019 on the CODE-USDC pair, the token has a small marketcap and a huge potential for growth.

With the current conditions of the market and its bearish downtrend, buying any cryptocurrency as a short term investment will most likely result in losses. However, if you believe that this project will continue to grow and that Code&Jobs will be the platform that most Web3 and crypto industry recruiters and jobseekers use, this token would be a great investment in the long term

Holding the token would be especially beneficial for business and startup owners, as it allows them to post job ads for cheaper prices if the token's price increases.

How to buy the code token:

You can currently buy $CODE tokens on Radium using USDC and USDT on the Solana network.

I suggest using the Phantom wallet for purchasing the token since it is very user-friendly and easy to use.

Learn more about Code&Jobs by clicking the links below:

How does Code&Jobs compare to other job posting platforms

My experience with Code&Jobs

What is Solana? and can it overcome Ethereum?

Fyras — Wed, 15 Jun 2022 01:32:13 +0000

Solana is an open-source blockchain known for its high throughput and efficiency. The fast growth of the project allows it to compete with the most powerful blockchains such as Ethereum.

Solana was created in 2017 by Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal, and Stephen Akridge. Before founding Solana Labs along with his team, Anatoly used to be a senior staff engineer at Qualcomm.

The Solana blockchain’s native token is SOL, and it is used to secure transactions in the network and transfer value between users.

Solana’s blockchain:

Solana uses a hybrid protocol of proof-of-stake (PoS) and proof-of-History (PoH), which is a new concept introduced by the blockchain’s founder Anatoly Yakovenko.

Proof-of-stake:

With the proof-of-stake protocol, SOL owners delegate them to validators, who receive SOL rewards by validating new blocks on the Solana blockchain.

In this protocol, validators are chosen to add the new blockchain blocks depending on the amount of SOL coins they are staking (staking means delegating coins to the network) and for how long they staked them.

Basically, the Solana network rewards those who stake their coins for their efforts and contribution to keeping the network secure against 51% attacks. These attacks can only happen when an entity acquires 51% of the network’s existing tokens, which is extremely unlikely due to the PoS protocol.

What is the proof-of-history protocol?

Proof-of-history allows validators to timestamp each transaction that occurs on the network. Contrary to other networks where nodes have to verify transactions by entire blocks, the nodes in the Solana network can verify these transactions in real-time thanks to the timestamp given by the PoH protocol.

This system plays a huge role in making Solana such a fast blockchain by decreasing the network latency.

What makes solana unique?

The Solana blockchain introduced a hybrid consensus mechanism that sacrifices decentralization in favor of a higher throughput. This hybrid consensus mechanism makes Solana a unique blockchain in the crypto space.

In essence, the speed of blockchains can be measured in TPS (number of transactions per second). Usually, having a higher TPS allows blockchains to scale faster without facing problems such as network congestion.

In most blockchains, validators produce a new block of transactions and proceed to send the block to the rest of the network. The other nodes verify the authenticity of the new block compared to their version of the blockchain. Then each node in the network audits the version of the blockchain and the newly produced block against all the other nodes. Next, nodes hold a sort of vote, where they choose whether the new block can be added to the ledger or not.

This process takes time in order to allow the majority of nodes in the network to reach consensus and decide whether to add the new block or not.

In Solana’s case, this process is much faster, allowing the network to have a very high TPS and scale faster than other blockchains.

The reason behind this high speed is that nodes in the Solana network send their votes to the leader, which is selected based on the PoS mechanism, and then the leader, who is responsible for the communication between nodes, decides whether to add this new block or not.

Having a leader who approves the new blocks on the network, even though it makes the network have higher TPS, decreases Solana’s decentralization compared to its competitors.

Another unique feature of Solana is the introduction of Solana pay, which is a free framework that enables merchants to accept payments from their customers using the Solana network. These payments can be done in stablecoins such as USDC.

Solana vs Ethereum:

Thanks to its high TPS and very low fees (the average Solana transaction fee is only $0.00025), Solana has proved to be one of the most powerful blockchains that can compete with huge industry players like Ethereum.

In fact, Solana’s TPS (which can reach over 50000) is so huge that Solana Labs (the company behind Solana) introduced a game called Break Solana, in which players can try to break the network by mashing their keyboard and sending transactions.

Compared to this huge number, Ethereum’s current TPS is just 15, making it very slow compared to Solana. Add to that, Ethereum’s transaction fees are huge compared to those of Solana.

For these reasons, Solana has seen an exponential growth and has been adopted by blockchain developers worldwide. For instance, Solana is a great choice for:

Creators who are minting, selling, and trading NFTs on NFT marketplaces such as OpenSea.
Developers building decentralized platforms such as codenjobs, especially DeFi(Decentralized Finance) platforms such as decentralized exchanges. In fact, Solana has more than $11B in total value locked and 307 DeFi projects have been built on Solana to this day:

If you are a blockchain developer and would like to build apps on Solana, you can refer to this article for resources related to Solana blockchain development.

Building blockchain and web3 games like Mini Royale:

Ethereum, on the other hand, has been in the crypto space for much longer than Solana and still exceeds it in the number of users and TVL (currently at $68.76B).

The downsides of Solana:

Like any blockchain project, Solana has its drawbacks. Apart from its debatable consensus mechanism that we mentioned before, 52% of the SOL cryptocurrency supply is owned by the founders and investors (venture capitalists) who can be considered insiders. Due to these reasons, Solana is more centralized than its competitors.

Add to that, Solana network had major problems and outages lately, with the network facing downtime for the sixth time last week. The last outage lasted four hours and a half, causing transactions to be halted on the mainnet.

These issues tend to make investors worried about the blockchain’s future, and sometimes cause a sell-off, causing SOL’s price to plummet.

Even though these two issues may seem significant, they can be both solved over time.

In fact, Solana is still in the beta version of the mainnet and its co-founder, Anatoly Yakovenko, said on Reddit that “If something took two years to build, it’s going to take two years to stabilize”.

Moreover, blockchains usually become more decentralized over time as more supply is unlocked and open for the public to buy. Solana is still a fairly young blockchain and can become more decentralized in the future.

Is Solana a good investment?

Solana clearly has the potential to thrive and become one of the industry leaders. If this project continues attracting more developers and users, it can become an even larger ecosystem and a great choice for merchants to accept payments online using Solana Pay.

When you invest in Solana, you can make some passive income by staking your tokens for rewards (new SOL tokens added to your wallet).

Even though the project has been suffering from network issues lately, you can still invest in it if you believe that the team behind Solana will be able to fix them in the long term.

However, always remember that cryptocurrencies are highly volatile, and only invest what you can afford to lose.

How to buy Solana?

Solana has been listed on various centralized exchanges such as:

FTX
Coinbase
Kraken
Binance

Solana can be purchased on these decentralized exchanges as well :

Raydium
Orca
Serum

This post was originally posted on codenjobs by u/fyras.

How does Code&Jobs compare with other job posting websites?

Fyras — Sat, 04 Jun 2022 22:41:05 +0000

Background

Code&Jobs is a new job posting platform which was built to satisfy the needs of web3 and blockchain job seekers and recruiters alike. This website allows its users to share their skills and experience in a more blockchain-friendly manner than traditional platforms like LinkedIn.

For instance, this decentralised platform runs on the Solana blockchain and supports crypto payments using its Solana smart contract.

In this article, we will see how Code&Jobs compares to other job posting platforms. We will focus on two of the biggest ones in the tech space: WeWorkRemotely.com & Cryptocurrency Jobs.

WeWorkRemotely:

Besides being a job posting website, WeWorkRemotely aims to become the best website for remote workers and recruiters in various industries. The platform offers various guides and resources that help startups, companies and job seekers switch to remote work.

Cryptocurrency Jobs:

As you can see from the platform’s name, this job posting website, like Code&Jobs, is dedicated to cryptocurrency jobs. Founded in 2017, this platform has built trust from the crypto community in general. In fact, hundreds of companies use it to grow their teams. Additionally, Cryptocurrency Jobs boasts a large user base, with hundreds of thousands of people using it to transform their career.

User Experience:

The team behind Code&Jobs has built a user-friendly interface that is both good-looking and easy to use, especially for users interested in jobs that pay in crypto.

For instance, users can select from a drop-down menu whether they would like to display jobs that pay in cryptocurrency or not. Add to that, the platform displays an icon below each job posting that indicates if the job is paying in crypto or not.

Code&Jobs is not only a job posting site, but a networking website as well. In fact, the platform allows users to make profiles, send a message, post a blog and follow etc to help job seekers and employers find each other easily. Having the ability to reach out to a recruiter or candidate directly this way makes the hiring and interviewing process much easier for both parties. The messaging feature is as easy to use as the Reddit one. Code&Jobs will also notify you by e-mail whenever you receive a new message on the platform:

The Code&Jobs developers are always developing and adding new features to the website. For instance, Code&Jobs has integrated Discord and GitHub support, allowing users to connect to show their usernames on both websites on their Code&Jobs profile. This feature is especially important for developers since it allows them to showcase their past projects, which are usually hosted on GitHub.

Each job posting on the website displays the company, the role, the job type, the salary (if listed by the employer) and some tags that allow users to search for jobs in the same industry.

On Code&Jobs, users can find the best opportunities that suit their needs using the “find a job” option. This option allows them to sort the available jobs by industry, skill, salary, type, and location.

As for the WeWorkRemotely website, it has an intuitive user interface that makes it easy for the average user to go through the listed jobs.

From the top bar, recruiters and job seekers should be able to find what they are looking for, including: categorized remote jobs, community links, guides and the option to make an account or post a job.

Similarly to Code&Jobs “find a job” option, the platform has its advanced search, allowing users to sort available jobs depending on their needs.

Another great feature provided by the WeWorkRemotely is enabling jobseekers to set up alerts for roles that match their experience and the job search preferences they provide when signing up. The website also features a personalized feed, where it displays the jobs that line up with the user’s expectations.

Regarding the Cryptocurrency Jobs website, it has an easy-to-use interface with an awesome design.

The website sorts jobs by roles, location, job type and categories on the job collections page. Add to that, it has two great features:

The startups page: This page allows users to browse the profiles of more than a thousand blockchain startup profiles, and explore their job opportunities.

The salaries' page: This section of the platform offers insight into the salaries provided by employers and anonymous user submissions. You can view the latest job listings with salaries, along with the average base salary by job title:

Users can help bring transparency to the crypto world by sharing their salary.

Community building and support:

The backbone of the community building on Code&Jobs relies on the blogging feature, which allows users to publish guides and walkthroughs showcasing their skills and improving their visibility to possible recruiters by allowing them to show their job posts along with their blog posts. Users can also filter the blog posts by title, category and tag in the blogs section.

With Telegram being one of the most used messaging apps by the crypto community, Code&Jobs has taken a special interest in the service.

Code&Jobs has a telegram group where the Code&Jobs team posts recent updates about the project. Users can also ask questions regarding the current state of the project.

One of the unique features of Code&Jobs is its telegram bot. It makes searching for jobs, recruiters, and candidates way easier and fast. In essence, you can use commands to get the most recent job postings on the platform. They also plan to build a similar bot and channel for Discord.

WeWorkRemotely, on the other hand, has a rich blog consisting of hundreds of posts that focus on helping job candidates find remote jobs and guides about remote work for both recruiters and workers.

Moreover, the platform has a dedicated podcast called The Remote Show, featuring CEOs of various remote businesses. Furthermore, WeWorkRemotely has social media profiles on Twitter, Instagram, LinkedIn and Facebook where the team behind the platform engages with users, as well as a forum dedicated to support and resources regarding remote work.

What is more is WeWorkRemotely’s Event Calendar featured at their website. The platform holds various events that give its users the ability to learn from thought leaders, professionals in order to progress as remote workers and enhance their skills:

Cryptocurrency Jobs uses Twitter, its newsletter & the website’s blog to interact with users. The platform promises complete independence and opts for a rather personal communication. When reaching out to the company via email or social media, Daniel, the website owner, will be there to assist you. Actually, the platform has a structured contact page where users can provide their feedback, propose a partnership, or support the project on Gitcoin.

Blockchain Tech:

What sets Code&Jobs apart from others is its use of blockchain tech.

The platform runs on the Solana blockchain, which is known for its low fees and fast transactions, and is set to become an important part of the Solana ecosystem in the future. The platform is working on using its own token on the solana blockchain called CODE, which can be used by users as a mode of payment within the Code&Jobs ecosystem.

For example, they allow companies to pay for job posts with Solana or the CODE token. When companies pay for their job ad with the token they get a 5% discount. The process of posting a job ad is very straightforward, but if you have never used dapps before, check out this more in depth tutorial by u/tripster.

First, the recruiter should install a browser extension or a mobile app to use DeFi apps. For example, you can use the Phantom app for Solana. If you have an account at the Code&Jobs website, you can find many options by clicking the “connect” button on your crypto settings:

Second, make sure you save the seed phrase provided by your app or extension somewhere safe, and that you have the required amount of Solana or CODE tokens prepared to pay for a job post.

Next, click on the pen icon on the top right of the website, choose the “post a job” option, and fill out the form with information regarding the available role such as the job title, description, location, etc.

After filling out the info, you will get a preview of how your job ad will look like, so make sure to correct any mistakes before proceeding to this payment page :

Finally, click the “confirm” button and approve the transaction on your app/extension:

You will receive an e-mail containing the transaction details in a few seconds. Here is a screenshot of my own job ad that I made while testing the website:

Other outstanding features which should impress the crypto community of professionals are enabling users to display their NFTs on their profiles and the integration of various solana crypto wallets such as Phantom and Ledger, making it easier for blockchain startup owners to pay for ads on the website.

You can visit the platform’s whitepaper page to learn more about the project and its upcoming web3 features, such as a DEX within the platform and an NFT marketplace.

Despite not being a decentralized platform, Cryptocurrency Jobs has done better than WeWorkRemotely regarding the use of cryptocurrency. The platform not only accepts crypto payments, but has also been receiving funding from contributors using Gitcoin.

Security and Trustworthiness

Code&Jobs seems to take user privacy and security more seriously than WeWorkRemotely by revealing as little information as possible about their users. For example, when I tried resetting my password using an e-mail that I didn’t register on both platforms with, Code&Jobs didn’t reveal whether the e-mail I submitted for password reset actually exists:

However, WeWorkRemotely displayed an error saying the e-mail doesn’t exist in their database, which makes it easier for potential attackers to target users:

In order to enhance their users’ privacy, Code&Jobs allows users to block others and prevent them from sending them a message or following them, which reduces the risk of scams and security breaches.

Users on Code&Jobs and WeWorkRemotely are free to delete their accounts whenever they want from the account tab.

As for Cryptocurrency Jobs, the website doesn’t allow users to make accounts, so I couldn’t verify if it is using good security practices.

Closing thoughts

While all the platforms mentioned in this article can be considered for posting job ads or searching for remote positions, there are some major differences between each of them:

Cryptocurrency Jobs is ideal for searching new jobs in blockchain startups and can help users make more informed career decisions by providing salary data. The website has also partnered with many companies in the industry in order to provide custom hiring solutions for recruiters.

Users who would like to network and search for new opportunities in the web3 and blockchain space using a completely decentralized platform should consider using Code&Jobs. By blogging and sharing their expertise in their desired roles, users are sure to be noticed by potential employers. What is more is the ability to receive your salary in $CODE and to trade NFTs and tokens provided by the upcoming features on the platform.

Add to that,I had a great experience working with the Code&Jobs team. They are very responsive and friendly. For example, after helping me with testing the job post feature, they requested feedback for the message feature. I told the team that having a “Respond” button on the messages tab will make it easier to use, and I was amazed when, two hours later, I received a message from them saying that they updated the app and I saw the new button added:

In fact, I’m sure that you, as a user, can reach out anytime to the Code&Jobs team for suggestions regarding the website features and the dev team will contact you shortly. If it’s feasible, they will implement your requested feature in a few hours.

Finally, the WeWorkRemotely website should be an important source of information about remote work for both jobseekers and recruiters. Workers can also search for remote positions in the wider tech space. However, websites like Cryptocurrency Jobs and Code&Jobs are a better alternative for those seeking onboarding into the crypto ecosystem.

This post was originally posted on the Code&Jobs website by u/fyras.