Betts Recruiting launches first-of-its-kind utility crypto token – RecruitCoin

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NEW YORK–(BUSINESS WIRE)–Betts Recruiting (Betts), the leading go-to-market technology recruitment company, today announced the launch of a first-of-its-kind token, RecruitCoin. All participants in the Betts Connect Talent Network, the only online platform that provides customers with access to a network filled exclusively with qualified and vetted professionals, will receive RecruitCoin as payment for being part of the network.

Because of Betts’ deep roots with tech companies, Connect has become the primary entry point for top talent to thousands of tech startups, many of which are not (yet) mainstream. The launch of RecruitCoin ensures that this talent is rewarded for their commitment and that candidates are incentivized to respond to potential job opportunities, accept interviews, secure a placement and refer other talented people to the Connector program Referral.

Starting today’s launch, participants will receive tokens by signing up for Betts Connect and can use them as a bargaining chip to incentivize contestants to respond and drive engagement. The more engaged participants are, the more RecruitCoin they earn. Betts Connectors who make referrals to help grow the Talent Network will receive the most RecruitCoin. As the tech talent network grows, the utility of RecruitCoin also increases its volume and value to holders.

With RecruitCoin, Betts is revolutionizing the traditional referral network by breaking away from rewards such as gift cards and half-baked referral programs that forget to pay the people who help the network grow. Partners accepted into the Betts Connect network will receive a unique referral code stored on the blockchain, and when a referral from their network signs up for Betts Connect, the partner will earn RecruitCoin for each of those referrals. As a Betts Connector, you know you’ll get paid to refer your network to others. All connectors will have the opportunity to earn residual RecruitCoin as their referrals interact with the platform.

Betts aims to create one of the first non-inflationary tokens by allowing RecruitCoin owners to spend the token to unlock job opportunities while spending it in our partner network for coaching, training, software, apps motives and rewards. The Partner Network will then be able to spend the RecruitCoin on other Partners or with Betts for recruitment services, creating a closed-loop utility within the ecosystem.

Carolyn Betts, Founder and CEO of Betts Recruiting, said, “We are thrilled to announce the launch of RecruitCoin. We believe that the recruitment process as a whole needs innovation to continue to build trust. Betts is changing the recruiting landscape by being the first recruiting technology company that pays people for their engagement, referrals and data. RecruitCoin positions Betts at the forefront of this transformation, as blockchain technology and cryptocurrencies play a crucial role in shaping the future of the recruiting industry as a whole.

Patrick Kellenberger, COO and CFO of Betts, commented, “This marks a new chapter for Betts as we leverage our scalable marketplace technology to revolutionize the way talent networks are built. Referrals have always been at the heart of growth, but leveraging blockchain offers a new way to track and manage data, creating real-time incentives to be able to scale a talent network in any vertical.

Mr. Kellenberger added, “This token-based rewards system incentivizes the entire ecosystem of recruiters, clients and candidates to stay in regular contact with our platform. In the long term, we expect increased focus and productivity, generating more referrals, interviews, and most importantly, jobs for more people in technology.

About Betts Recruiting

Betts Connect is a SaaS recruiting platform that helps you save time, money, and focus on growth, with reduced time-to-hire and cost-per-hire through automation and a vast network of pre-selected candidates updated daily. As the leading sales and marketing technology recruitment firm in the United States, Betts has worked with numerous Fortune 500 companies, more than 10,000 start-ups and helped scale 35 unicorns, making up one largest and most engaged tech talent pools. .

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