The first selected projects are WorkAxle and Hathor Faucet.
You can check below for more information on their plans, as well as highlights from the additional projects currently being advised in the Grants Boost sessions.
WorkAxle is a workforce management software that specializes in the multi-location medium to large enterprise space. They tackle complex workforce management rules and provide innovative AI and ML-based scheduling models and labor forecasting, labor optimization, and advanced time and attendance offerings.
WorkAxle will develop a rewards and recognition component as phase 1 for its existing client base that will let companies purchase HTR and mint tokens that can then be distributed via an automatic rule builder.
These tokens can be later redeemed in an in-app store. For phase 2, they plan to allow the tokens minted to be used for same-day payouts to expedite payroll instead of waiting at the end of every pay period. For phase 3, allowing the users minted tokens to be traded on the open market should also be expected.
According to the applicants from WorkAxle: “Extending and modernizing rewards in the workforce management space was always desirable. Same-day payout using blockchain and crypto has been a long-term goal of the company, but there were always issues regarding fees for our end users where the model was unsustainable. We had discovered Hathor over a year ago and have decided that everything was finally possible using the Hathor Network as our experience in the app will be seamless and feeless due to speed and ease of use.”
This will be the first Hathor faucet website.
With Hathor, it’s easy to create your own token, but how do you distribute your tokens? They want to make it easy to distribute your token for free and make your token go viral. The faucet will work for the HTR token and is a great way for new users to know and try Hathor. But it will also work with custom tokens so that you will be able to promote your custom token on the Hathor Network.
In the words of the Hathor Faucet proponent: “Hathor is a user and developer-friendly blockchain project. We want to support this vision and make the distribution of custom tokens accessible to everybody. The faucet is the first step, but we’re planning on more ways to distribute your tokens.”