Korean Students, Lead in Resolving the US Manpower Shortage through HR Blockchain Group, COSMETA?
COSMETA - A HR Blockchain Company Willing to Enter the Metaverse
Blockchain technology is changing many industries, and Human Resources (HR) is one of the latest sectors to join this trend.
Blockchain applications are becoming more common in financial management, which intersects with HR in areas like payroll and hiring. COSMETA is a new project wishing to bring a blockchain-based Metaverse into the HR world. Our review will highlight the main features of this upcoming initiative.
About COSMETA
COSMETA describes itself as the market's first HR blockchain startup. The company works with the world's most significant population of Korean-American students. COSMETA explains it has ties to over 100 university Korean student unions in the United States.
In collaboration with prominent and medium-sized businesses in the United States, the organization offers HR services.
The management is also establishing ties with OCTA, the world's largest Korean trade organization. Furthermore, COSMETA wants to deliver HR services on Metaverse through blockchain and an NFT feature for students.
What does COSMETA offer, and how does it plan to take over the market? Let us look at the project’s main features in the sections below.
The Project’s Values
The success of the project is dependent on the CRI token. The initiative is developing a restriction-free ecosystem that wants to evolve through CRI. As a result, the team hopes to be able to provide the greatest possible settling environment for all migrant workers worldwide.
COSMETA is a legal firm that offers human resource services to job seekers and employers. The creators want to broaden their service scope, beginning with HR services delivered using blockchain technology.
COSMETA is a company based in Delaware, USA, having agreements with Korean corporations like Hanwha and Kumhotire.
COSMETA, in particular, explains that it has the world's biggest international student population from South Korea.
The company has been generating revenue by delivering HR services since its inception in 2021. Finally, COSMETA successfully passed audits and KYC procedures on Solidproof.io.
What Does COSMETA Plan to Achieve?
According to COSMETA, its operations are well-run, and the management funded all of its ventures solely from internal resources. No outside investors or venture capitalists were necessary to do business.
The project will release a second-generation wallet, anticipating an increase in its users as a consequence. COSMETA will be able to benefit from an enhanced ecosystem, where staking will become available.
Furthermore, the project will have HR-related features, such as resumé upload on its portal. The team also expects to announce several token airdrops as time goes by.
The project will also see the debut of its IDO to provide liquidity to the token’s DEX exchange operations. COSMETA’s whitelist campaign for an upcoming lottery is ongoing.
What Do We Know About the 2nd Generation CRI Wallet?
The second-generation wallet of this project will bring more features to the developing ecosystem of this initiative. The team expects to unveil this enhancement in August 2022.
The main innovation behind this announcement is the Manitou system. Through the Manitou project, CRI users form a group to helps each other and receive help. This operation allows users with higher contributions to CRI to obtain higher rewards than before.
The upgrade will introduce a survey feature, where respondents will have a chance to receive token airdrops from the team. Moreover, all those who upload their resumé on COSMETA will receive a crypto reward for their contribution to the cause.
The founders thought of another way to appeal to investors: sharing their revenue with the community. CRI token holders will be entitled to participate in this system.
The CRI Token
COSMETA has created a PoS token called Crypto International (CRI) on the Ethereum blockchain. Currently, you can find the coin on CoinGecko, and the team has already submitted a registration form for CoinMarketCap.
The token follows a specific allocation, as we explain below:
- Community (68%): These tokens will reach the general public via IDO or DEX/CEX platforms.
- Reserved funding (22%): The team wishes to have a degree of control over the token’s price in case of market turbulence. The founders expect to lock up these funds for three years.
- Team (5%): The team’s tokens will also go through 3 years of locking.
- Partnerships (3%): Hanwha and Kumhotire are among the firms that have agreed to sign a partnership with COSMETA. Consequently, they will receive a part of the tokens from COSMETA depends on the contract.
- Project’s ecosystem (1.5%): Building and developing an ecosystem requires funding, as many past crypto projects demonstrate. Consequently, the founders will allocate a part of the token supply to achieve this purpose.
- Campaigns (0.5%): The team chose to save a part of the tokens to help people in need.
What Do We Know About the Project’s Roadmap?
The team has shared a list of tasks it plans to complete over the short, medium, and long term.
For example, in July 2022, we should see the project’s ILO/IDO phase on Unicrypt. As already mentioned, August 2022 will be when the new wallet enters the market.
By October 2023, the team expects to fully integrate a payment ecosystem into COSMETA. The biggest project’s enhancement will happen by 2025, with the founders planning to unveil their finalized HR Metaverse system.
Final Thoughts
COSMETA INC is a Human Resource startup company based on Blockchain founded in 2021. Representative services include finance, HR, accounting, trade, and legal advice.
This project wishes to become one of the first initiatives to integrate blockchain and Metaverse technology into the HR world. Investors will look at the upcoming release of a new wallet with interest to assess the project’s value.
Anyone interested in discovering more about COSMETA can visit the
project’s website and social media pages.
