Introducing MyStandard
MyStandard is a pioneering platform designed to transform the professional landscape by facilitating meaningful, transparent connections between job candidates and businesses. With a focus on authenticity, fairness, and user empowerment, MyStandard enables both individuals and companies to thrive.
At its core, MyStandard integrates professional identity, data ownership, and community-driven governance. By prioritizing transparency and aligned incentives, the platform ensures every participant benefits from their contributions to the network.
Transforming Professional Networks
Traditional networking platforms often prioritize growth over user success, offering superficial connections, irrelevant opportunities, and monetizing user information without transparency. This leaves professionals feeling like mere data points in an algorithm-driven system.
MyStandard takes a fundamentally different approach. Built on Avalanche, it empowers users with ownership of their professional data, fostering trust, privacy, and mutual benefits. By enabling authentic, value-driven connections, MyStandard redefines professional networking for real-world impact.
For Candidates
MyStandard empowers professionals to take charge of their career journeys with features that prioritize data ownership, transparency, and meaningful opportunities.
- Data Ownership and Privacy: Take control of your professional data. Decide who can access it and under what terms, ensuring privacy and autonomy.
- Earn Rewards: Share your data with potential employers and receive direct compensation, turning your information into a valuable asset.
- Discover Opportunities: Stay informed about job openings that are tailored to your skills and experience, connecting you with employers seeking your unique expertise.
- Transparency and Security: Blockchain technology ensures your data is managed securely and transparently, giving you confidence in every interaction.
MyStandard makes networking more rewarding, secure, and personalized for candidates.
For Businesses
MyStandard revolutionizes talent acquisition by providing businesses with efficient, secure, and cost-effective tools:
- Efficient Talent Acquisition: Discover the right candidates faster, saving time and resources with verified, blockchain-authenticated data.
- Reduced Costs: Eliminate the need for expensive intermediaries, paying only for the specific data you need.
- Access to a Wider Talent Pool: Connect with a broader range of professionals, including passive candidates who may not be actively job hunting.
- Enhanced Data Security: With decentralized storage, your company benefits from reduced risk of data breaches and greater integrity in candidate information.
For businesses, MyStandard streamlines hiring and builds stronger teams with greater efficiency and security.
MYST Token Utility
The MYST token serves as the cornerstone of MyStandard’s ecosystem, offering a range of utilities that enhance user engagement and network functionality:
- Incentivizing Data Sharing: Users are rewarded with MYST tokens for sharing their professional data with companies, promoting active participation and data availability.
- Encouraging Data Authentication: Companies earn MYST tokens by verifying and authenticating user work histories, thereby improving the network’s data integrity and reliability.
- Staking Rewards: Both users and organizations can stake MYST tokens to earn additional rewards, fostering long-term commitment and network stability.
- Governance Participation (Roadmap): MYST token holders will be able to influence the platform’s development and direction through a soft governance model, ensuring that the network evolves in line with user needs and preferences.
- Engagement with Companies (Roadmap): A planned feature will enable users to use MYST tokens to engage directly with companies they are interested in, creating personalized networking opportunities.
- Payment Mechanism (Roadmap): In future updates, MYST tokens will serve as a medium for transactions, allowing users to buy goods and services from participating companies.
- Network Security and Validator Rewards: Organizations can secure the network by staking MYST tokens and earn validator rewards.
- Candidate Announcements (Roadmap): A future feature will allow candidates to use MYST tokens to broadcast their availability to the network, attracting interest from potential employers.
Team
Partners & Backers
“MyStandard solves a problem for both recruiters and candidates by enabling better matching between open roles and qualified applicants in a web3 environment while making it frictionless for enterprises to use. We are excited to see MyStandard go live on Avalanche, serving the entire talent and recruiting industry.”
— Lydia Chiu, SVP of Corporate Development, Ava Labs
“We have strong confidence in MyStandard thanks to its innovative approach to solving inefficiencies in the talent acquisition market with a secure, cost-efficient, and decentralized solution. The combination of a robust technology stack, strategic partnerships, and an experienced team positions it well for substantial growth and we are delighted to be supporting them on its exciting journey.”
— Ömer Demirel, General Partner, ThreePointZero / Director Avalanche Foundation
Official Links
Website | X | Telegram | Linktree
MyStandard: Avalaunch IDO
MyStandard on working with Avalaunch:
“Since meeting Dave from the Avalaunch team our entire launch strategy has become more confident and clear. Avalanche is a key investor and partner for us so it’s a natural fit to work with the leading launchpad on the chain. We never doubt that everything is done with the best intent of our company.”
— Co-Founder, and CEO, Adam Zec
Funding Numbers
Total Raise: $3.3M
- Seed round: 1.27M USD — 34.38M MYST (3.44%) at 0.038 USD — $38M FDV
- Private round: 607K USD — 16.94M MYST (1.69%) at 0.0358 USD — $35.83M FDV
- Public round: 500K USD — 15.51M MYST (1.52%) at 0.033 USD — $33M FDV
- Avalaunch: 250K USD
- Seapad: 250K USD
- Republic:
- Reg D: 171K USD — 6M MYST (0.6%) at 0.0285 USD — $28.5M FDV
- Reg S: 744K USD — 24M MYST (2.4%) at 0.031 USD — $31M FDV
Supply Breakdown
Total Supply: 1 Billion MYST
- Seed round: 34.38M MYST (3.44%)
- Private round: 16.94M MYST (1.69%)
- Product Incentives: 400M MYST (40%)
- Validators: 250M MYST (25%)
- Public: 15.15M MYST (1.52%)
- Team: 110M MYST (11%)
- Treasury: 20M MYST (2%)
- Airdrop: 5M MYST (0.5%)
- Airdrop 2: 5M MYST (0.5%)
- Republic – S: 24M MYST (2.4%)
- Republic – D: 6M MYST (0.6%)
- Liquidity: 63.5M MYST (6.35%)
- Grants: 50M MYST (5%)
Grants, Treasury, Validators and Product Incentives are used after unlock at the discretion of the company for specific initiatives and are not distributed into the market linearly (73% of the overall supply). These tokens are also never market sold by MyStandard.
This allocation strategy is designed to support steady growth, and align incentives across the MyStandard ecosystem–as such, the majority of the supply (>75%) is unsellable by MyStandard and can only be used as incentives to drive deeper corporate and user adoption over 10+ years.
Vesting Following TGE
- Seed round: 6 month cliff, 1 month vesting
- Private round: 2 month cliff, 10 months vesting
- Product Incentives: 13 month cliff, 200 months vesting
- Validators: 13 month cliff, 150 months vesting
- Public: TGE 100% Unlocked
- Team: 12 month cliff, 36 months vesting
- Treasury: 13 month cliff, 48 months vesting
- Airdrop 1: 4 month cliff, 1 month vesting
- Airdrop 2: 7 month cliff, 1 month vesting
- Republic – S: 1 month cliff, 1 month vesting
- Republic – D: 12 month cliff, 1 month vesting
- Liquidity: Up to 50% at TGE, 1 month vesting, discretionary upon listing plans
- Grants: 24 month cliff, 48 months vesting
The TGE will take place shortly after the sale ends, please await official announcements from the MyStandard team.
Other Info
The proceeds from the IDO will be used to bootstrap liquidity. MyStandard are also going to be providing liquidity at a premium over the IDO price. The circulating supply will consist solely of tokens from the respective IDOs.
- Initial Market Cap (excl. liquidity): Max $500K
- Initial Liquidity: 100% of IDO Funds
- Initial Circulating Supply: Max 1.52%
IDO Registration Schedule
Registration Opens: Friday, December 6 at 3:00 p.m. (UTC)
Registration Closes: Thursday, December 12 at 6:00 p.m. (UTC)
IDO Sale Schedule
Validator Round Begins: Friday, December 13 at 6:00 a.m. (UTC)
Validator Round Closes: Friday, December 13 at 3:30 p.m. (UTC)
Staking Round Begins: Friday, December 13 at 3:30 p.m. (UTC)
Staking Round Closes: Saturday, December 14 at 6:00 a.m. (UTC)
Booster Round Begins: Saturday, December 14 at 6:00 a.m. (UTC)
Booster Round Closes: Saturday, December 14 at 10:30 a.m. (UTC)
Refund Policy
We’re offering a 48-hour unconditional refund policy on the MyStandard IDO, available from the start of TGE. Please note that claiming your tokens during this period will make you ineligible for a refund.
How to Participate
To participate in Avalaunch sales, users will have to:
- Complete their KYC Registration | Tutorial
- Stake XAVA to secure their allocation | Tutorial
- Register for the sale when Registration opens | Tutorial
Claiming Your Allocation
Avalaunch IDO participants will be able to claim their MYST allocation on the Avalaunch platform once the sale period ends.
About MyStandard
MyStandard is a first of its kind incentivized data marketplace where users own their data, share their data for payment and will be connected with employers real time about prospective job openings all from their phones. Companies buy and use the $MYST token to connect with talent who are incentivized, but not required, to share their info. MyStandard aims to connect all data related to who we are as people to your profile and by enriching the profile, we create more opportunities to earn.
About Avalaunch
Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With its values deeply rooted in the early Avalanche community, we are able to offer projects confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem. Leveraging Avalanche’s scalable, high-throughput, and low-latency platform, Avalaunch is built by users, for teams, to help grow strong communities.
