SoCap bonus has established itself as an Innovation Payroll bonus system designed simultaneously for the employee and the employer. In recent progress, the company has expanded by launching its SOCAP Utility Token on Kanga Exchange.
SOCAP TOKEN definition it’s a type of asset that allows users/holders to purchase certain goods or services that are currently offered and will be offered in the future by the token issuer and affilates. The essence of the SoCap token is, therefore, the utility token. An entitlement that does not function as a means of payment or an investment token is incorporated into the SOCAP utility token. SOCAP can be compared to coupons/vouchers/ entitled to use certain services under the conditions indicated therein.
Furthermore, the Utility tokens, i.e., the type of token that can be considered a SoCap token, do not constitute financial instruments within the meaning of the Act on Trading in Financial Instruments. It is not subject to the Polish Financial Supervision Authority’s supervision and does not constitute virtual currency.
In addition, SoCap Bonus is primarily an anti-inflationary bonus created in the inflation era to save workplaces and create new ones. It does not lose its value but, conversely, gives purchasing power because it is not directly dependent on the polish zloty and is tied to the US dollar price and dependent on the demand of the services.
SoCap tokens are utility tokens entitling employees and contractors to purchase specific goods and services their publisher offers. The solution suggested by the SoCap Bonus is the introduction of the benefit regulations as separate regulations, being an integral part of the remuneration regulations. If there are no regulations on workplace remuneration or work regulations, users should introduce at least regulations and benefits.
Subsequently, Socap Bonus is based on Binance Smart Chain, which is the same as Binance Coin (BNB) and has a legal opinion regarding its token. It also has a DApp cryptocurrency wallet known as SoCap Wallet, which is used as the primary software that both employees and employers have access to receive and send wages. The incentive can be used in the partners’ stores and other affiliated locations by the employees. In 32 European nations, it is a pay product. Token SoCap It is a salary component that is stated in the PIT 11 declaration and is exempt from ZUS and NFZ contributions.
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