We’re happy to announce that starting October 13th, we’re launching the Duuabl reward program. This means that Taskers will start earning DUAB tokens in addition to their service fee. The purpose of the reward program is to appreciate Duuabl community and give them a piece of our company’s success. If Duuabl becomes a unicorn (i.e. reaches the valuation of 1B euros), up to 10% of the share of the company or up to 100 million euros, will be divided between all token holders. Yes, really!
Duuabl’s CEO Tavi Maastik says that great things are never done alone: “Duuabl’s Taskers are as big a part of our success story as, for example, the company’s employees. To say thank you, we give them the opportunity to get a share of our growth and invest in their own future through working on Duuabl. It’s a big, big thank you for helping us build the world’s best digital task sharing platform!”
When Duuabl’s value exceeds the magical billion euro mark, 100 million of it will be divided between token owners according to their contribution, i.e. the number of tokens. This gives all Duuabl Taskers, in addition to the opportunity to earn a decent fee, a modern investment solution to secure their future.
There are currently two ways to earn DUAB tokens:
- The Tasker earns 30 DUAB tokens for each positively completed task;
- The Tasker earns 30 DUAB tokens for each new customer they bring to the platform after the customer completes their first task order on the platform.
In the future, we’ll add even more ways to earn tokens to the reward program. Of course, Taskers will continue to receive immediate agreed payment for their work – tokens are just a bonus.
The innovative reward program is born in cooperation with KOOS.io, a company founded by Taavi Kotka. All tokens are deposited into the Taskers’ KOOS account, which are opened for all token-eligible users after entering their profile information and accepting the tokens. On KOOS.io, users can track their token count in real-time.
KOOS.io is a token-based stakeholder reward and motivation platform that helps companies share their future success with all the people who have contributed to it. The KOOS.io solution has been developed in cooperation with leading technology law experts to ensure compliance with the legal and tax framework of the European Union and the United Kingdom.
You can start earning tokens right from October 13. We also send all relevant information to new token holders by e-mail.
Frequently Asked Questions
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What is a DUAB token?
DUAB token is Duuabl’s instrument for rewarding Taskers. To say thank you, we give Taskers the opportunity to get a share of our growth and invest in their own future through working on Duuabl.
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How can I earn tokens?
There are currently two ways to earn DUAB tokens:
- The Tasker earns 30 DUAB tokens for each positively completed work;
- The Tasker earns 30 DUAB tokens for each new customer they bring to the platform after the customer completes their first job order on the platform.
In the future, we’ll add even more ways to earn tokens to the reward program. Of course, Taskers will continue to receive immediate agreed payment for their work – tokens are just a bonus.
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Where can I see my tokens?
All tokens are deposited in Tasker’s KOOS.io account, which is automatically opened for token-eligible users. To get access, you need to give your personal information and accept the tokens. Taskers can track their token count on KOOS.io or the Taskers app.
When will the 100 million be distributed among the token holders?
The value of the tokens will be realized immediately when (and only when) Duuabl becomes a unicorn, i.e. the company valuation exceeds one billion euros. 100 million euros worth of money or 10% of the company shares will be distributed between all token-holding Taskers.
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How much is the DUAB token worth?
The value of a DUAB token depends on how many tokens Taskers earn by the time we become a unicorn. If 10,000 tokens have been issued, the value of each token is 10,000 euros. If one million tokens have been issued, the value of each token is 100 euros.
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Will token holders become shareholders of Duuabl?
The DUAB token is an equity-like instrument, but not a real share, i.e. the Tasker does not automatically become a shareholder of Duuabl by earning the token. However, its owners have a legally binding right to Duuabl’s future success. Upon becoming a billion-dollar company, this right is paid out in cash or equity. If tokens are paid out in equity, then yes, all token holders will also become shareholders.
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How much money or equity would each token holder receive?
Each token owner’s share of the 100 million depends on how many tokens of the total number they own. Whoever has completed one job has earned 30 tokens. Whoever completes 100 jobs has earned 3000 tokens and gets 100 times the reward. The final value of the tokens depends on how many tokens have been distributed at the time of their realization.
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Why is Duuabl doing this?
They say that if you want to go far, go together. We believe that our users and community are the key to our success, and we want to thank them for that.
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Where’s the catch? Is this some sort of pyramid scheme or scam?
No it’s not. Tokens can raise questions for people because it’s a new instrument that is not yet familiar to the general public. However, fraudsters also use phones and cash, but we don’t consider every phone user to be a scammer. Tokens are an innovative solution, the potential of which has been seen by countless reputable companies around the world such as Nike and NBA.
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Is it even legal?
Yes of course. Our token reward program is designed in cooperation with KOOS.io, whose solution has been developed in cooperation with leading technology law experts and complies with the legal and tax framework of the European Union and the United Kingdom.
