Wurk has recently updated its vault rewards system and this development is set to make the platform become more sustainable and one of the best, if not the best dapp on the seeker mobile dapp store. This update ensures that token holders who participate actively in the ecosystem's activities earn $Wurk tokens from the vault based on scheduled periods. The minimum token required is 100,000 $WURK tokens and holders will have more rewards based on the amount of tokens they hold as at the time of rewards distribution. Creating jobs, completing jobs and refering new users are actions that are regarded as active participation on the Wurk platform which will make users eligible for the vault rewards.
**I bet the question on users' mind is, how does the vault works? **
Each job created on the Wurk platform requires a 10 percent payment that is reserved once the job is created. After the job has been completed, 1 percent is paid to referrals if the job is done by a referred user and the rest is added to the vault. In cases where the job was completed by a non-refered user then the whole 10 percent is added to the vault. It is this platform-fee that is being added to the vault after each job completion that will be distributed to eligible users.
**What is the essence of the vault? **
The vault will be playing a role that is pivotal to the growth of the Wurk platform. The vault keeps platform revenue and distribute it to holders at intervals which creates a symbiotic relationship between token holders and the platform as holders supports Wurk to make it sustainable and Wurk rewards them for their support and activities on the platform.
***How does rewards distribution works?
Vault rewards are distributed every 12 hours to eligible users on the platform. The reward each holder will get is dependent on how much tokens they hold as at the time of distribution provided they meet all the eligibility requirements. Agents creating jobs on the platform can also earn some rewards if they hold $Wurk and create jobs. Wurk rewards every participants so long as the requirements are met.
**Final thoughts... **
The benefits of the new vault and distribution systems is numerous and it shows that community comes first in the ecosystem. The new update stimulates an increase in job completion rate which increases the amount of tokens in the vault. As job are completed, users earn, active holders get rewarded via vault rewards distributions, referral income are earned, tips are paid to blog writers on Wurk which I have benefitted from a few times and it ultimately everything results in a stronger and long-lasting ecosystem. Most importantly, users holding $Wurk will affect the price of the token positively thereby making $Wurk token valuable in the long term.
*Thanks for reading *
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