Token Usage
At the centre of the Canlead ecosystem is a set of advanced Smart Contracts hosted on the Ethereum blockchain - it’s open source. The approach to Tokenise Opportunities is based on the Canlead Fee Staking System Smart Contract (FairOp). It’s similar to the blockchain voting system, where users spend the Opportunity Stake Token to advertise their job opportunities and the Referral Stake Token to refer candidates to these job opportunities and earn money.
The smart contract design has three components:
FairOp (Fair Opportunity)
When the Customer lists the job opportunity with the success fee and the opportunity staking fee onto the opportunity board, the Sharing Service passes the staking fee in Canlead Token to the FairOp Smart Contract to open a contract. The staking fee confirms the commitment of the opportunity provided by the Customer and provides liquidity to the Canlead ecosystem.
There is also a cancellation fee to deter bad actors. FairOp Smart Contract can be called by third-party services via the Canlead API.
FairOpMgr (FairOp Manager)
The Smart Contract Manager receives the user wallet addresses from the User Wallet Registry and passes them to the Smart Contract if they are verified successfully. Any unregistered or unrecognised wallet addresses that are trying to access the Smart Contract will be rejected.
FairOpReg (FairOp Registry)
The User Wallet Registry stores the user wallet addresses and passes them to the FairOpMgr for verification.
