Ukraine-based blockchain firm announces ‘we’re still hiring’ amid market downturn, war

CoinTelegraph

Sergey Vasylchuk, the chief executive officer of Ukraine-based decentralized staking provider Everstake, has said the company will continue to hire crypto professionals amid a market downturn and ongoing conflict in the country. 

In a Wednesday Twitter thread, Vasylchuk said Everstake had hired 30 people since the Russian war against Ukraine started in February, and the firm still had more than 10 positions in marketing and development to fill. According to the CEO, Everstake is “not firing anybody” and had made preparations for a “special fund” to tide the firm over in the event of a bear market.

How To Get Free Crypto  

“An important part of doing business is assessing and addressing all potential risks,” said Vasylchuk. “We couldn’t help but expect another market crash simply because risk management dictates that one must always expect things to go south.”

The Everstake CEO hinted that part of this preparation was due to the possibility Russian forces would invade Ukraine. Vasylchuk said similar precautions taken in the event of a market downturn had allowed the firm to avoid letting employees go — “though I must admit we underestimated the risks of Terra,” he added — and turn the crisis into an opportunity.

Many firms operating in the crypto space from the United States and across the world have reported downsizing as trillions of dollars have vanished from the market in the last 30 days. Coinbase, Gemini, and Crypto.com announced that between 5-20% of their workers would be cut amid the bear market, while Kraken said it would continue hiring for more than 500 roles in various departments.

Related: FINRA may hire employees terminated from crypto firms: Report

Along with Kuna, Everstake is a Ukraine-based company in the crypto space that has coordinated with the local government to launch a crypto donation website aimed at military and humanitarian aid amid the conflict with Russia. Since the war began in February, the firm has helped accept more than $100 million in donations in the form of nonfungible tokens and major cryptocurrencies.

Coinbase Banner  

Go to Source
Author: Turner Wright


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.