The 4th Pillar project is a partly privately and partly public sale contribution-funded blockchain human resources and finance connecting platform for individuals and organizations. Based on the Ethereum blockchain and teleportation service, the platform will utilize smart contracts, wallets and IPFS protocol to solve day-to-day problems experienced by individuals and their employers. For example: (1) an employee distributed professional database with a validated, automated, non-discriminatory evaluation system; (2) expensive international bank payments, bonus transfers, and; (3) work-related peer-to-peer document distribution. The 4th Pillar platform will be a place where individuals can build a verified professional identity, their personal decentralized savings and pension fund and at the same time, organizations can optimize their finances and recruit their potential employees.
4th Pillar Utility Token (FOUR) will be the connecting component of the 4th Pillar platform, used by individuals, organizations and recruiters worldwide. FOUR token is specifically designed on top of existing Ethereum blockchain allowing full compatibility with already established infrastructure. FOUR token will be used on the 4th Pillar platform; (1) AS MAIN COMPONENT OF 4TH PILLAR ECONOMY: The platform will use Ethereum blockchain and token teleportation service (TTS) with combination of 4th Pillar scalable cloud servers. 4th Pillar complete token economy will use FOUR token as its main value and gas. TTS interface provides Ethereum accounts with the ability to transfer the ERC20 tokens without having to pay for the Ethereum network transaction fees in ethers (ETH). Instead, the account pays for the token transfer fees in the native FOUR token; (2) FOR PLATFORM USAGE: To use the 4th Pillar platform FOUR token is needed, to fuel the transactions, to access the database and to send digital value. The gas fees in FOUR tokens for using 4th Pillar blockchain will be minimal; (3) FOR COMMUNITY INCENTIVES AND REWARDS: Platform will enable individuals to receive FOUR tokens for positive incentives and reward first early adopter organizations, where 1 million euro in FOUR tokens will be assigned for this; (4) AS B-TO-B PAYMENT METHOD AND SUBSCRIPTION: 4th Pillar organization will be able to directly sell FOUR tokens to the organizations in EUROs based on daily market price, with that eliminating the complicated FIAT / CRYPTO exchange process. All subscriptions will be possible only in FOUR tokens. We will prepare special packages for recruiters and organizations, and; (5) AS MAIN REVENUE MECHANISM: FOUR token will be a main revenue mechanism for 4th Pillar organization. Due to 4th Pillar internal economy using FOUR as main component, the 4th Pillar organization earns gas fees from FOUR token transactions. The 4th Pillar organization sells FOUR tokens in EUROs to organizations at market price. The 4th Pillar organization sells platform subscriptions in FOUR tokens to recruiters and human resources agencies.