Monster.com, leading global job search portal, today announced a significant milestone in its journey as it transforms to a full-fledged talent platform. Starting today, Monster will be known as ‘foundit’ with a new logo and vision, ushering in a new revolution in the job market.
Left to Right: Sekhar Garisa, CEO- foundit.in (previously Monster), Ajit Isaac, Non-Executive Chairman – Quess Corp and foundit.in, and investor Mohandas Pai unveil Monster’s new identity as ‘foundit’ in Asia Pacific and the Middle East
Synonymous with recruitment, Monster has been serving more than 70 million job seekers and 10,000 customers spread across 18 countries. As the Company now transforms itself to an end-to-end talent platform, it will offer comprehensive solutions to recruiters and highly personalised and contextual services to job seekers across Asia Pacific and the Middle East. The transition is in line with the company’s mission towards connecting the right talent with the right opportunities.
Speaking at the new brand unveiling event, Sekhar Garisa, CEO, foundit (previously Monster) said, “Technology is leading disruption across sectors and Talent Acquisition is no exception. The pandemic has fundamentally changed the way we work and the way we hire. We have been privileged to witness the talent acquisition landscape evolve over the last three decades, giving us an unparalleled depth of insights into recruitment. The platform of the future needs to cater to a highly dynamic job market, skill-based hiring & changing expectations from career. We are excited to unveil a new direction for Monster from simply facilitating job and candidate discovery to enabling significantly better talent management outcomes.”
Commenting on foundit’s role in realising its parent Quess Corp’s future-forward strategy, Mr. Ajit Isaac, Founder and Non-Executive Chairman of Quess Corp and foundit, added, “Over the last 15 years, Quess has always been known for its service led offerings that have won the confidence of its associates and customers alike. As an institution, steadfast on our commitment to formalise jobs, we have been focusing on building a product-led portfolio that can help democratise access to formal employment across White, Blue and Grey collar workers. We acquired Monster APAC & ME with a vision to transform white-collar talent acquisition. Over the last couple of years, organisations experienced everything from the Great Resignation and the Great Regret leading to mass hiring at an unprecedented pace. But now as the market settles, hiring is going to be a lot sharper, focused and skill based. Such precision can only be achieved through the combination of human ingenuity and technology, and this is what we have to offer our recruiters and job seekers through foundit.”
In 2018, Quess Corp acquired Monster Worldwide’s APAC & ME businesses as a strategic investment to strengthen its HR services portfolio, and has been operating in Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, India, UAE and Saudi Arabia.
In 2021 Monster raised USD 18 Million in a funding round led by investors Akash Bhanshali of Volrado Venture Partners and Mohandas Pai of Meridian Investments to fuel its product led offerings and market expansion.
As part of its brand evolution, foundit is placing renewed focus on the users of the platform to bring forward the perfect career experience. By leveraging disruptive technology such as AI and ML for precision hiring to superior UI, the company aims to offer recruitment solutions unrivalled by any other player in the market. One of the key features that job seekers can look forward to is personalised job discovery. With foundit’s customised search results feature, candidates will receive results and recommendations that are curated to their educational background, employment experience & validated skills. Other features include community lead mentorship marketplace, skills validation through assessments, mobile first UI, personalised recommendations, and self enhancement tools like upskilling courses.
As the market leader in offering recruitment solutions to the best in business, foundit is transforming into a platform that reflects and adapts to the diversity of the SEA job market. For recruiters, it will offer the richest data set for each candidate along with insights & analytics that will make the process efficient as well as customized for each role requirements. The new interface and features allow for seamless and smart interaction between recruiters and candidates.
About foundit in APAC & the Middle East
foundit, formerly Monster, is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has been assisting over 70 million registered users to find jobs, upskill, and connect with the right opportunities across 18 countries. Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep-tech to sharpen hyper-personalised job searches, and precision hiring. foundit strongly believes that a job title doesn’t define one’s potential and leverages technology to dig deeper to curate opportunities central to the needs, aspirations, and dreams of each user.
To learn more, about foundit in APAC & Gulf, visit: www.foundit.sg | www.foundit.my | www.foundit.id | www.foundit.hk | www.foundit.com.ph | www.founditgulf.com | www.foundit.in
Cake Monster, a new decentralized finance (DeFi) protocol on the Binance Smart Chain (BSC), has announced a revolutionary supply burn for its token. From the onset, the team at Cake Monster has defined themselves as economic innovators. The economic and innovative model of the project combines a hyper-deflationary native asset ($MONSTA) with the acquisition of a non-correlated reserve asset ($CAKE). After approximately seven months, the protocol continues to put proof to the theory and is working beautifully.
The reserve is generated from a small transaction and proof of life tax (once every fifty days.) This ensures the continual and fair hyper-deflation of the total $MONSTA supply. The reserve is growing fast, with average monthly APYs well over 500% and over 188K $CAKE already in the vault. Over TWENTY percent (20%) of the total supply has been burned, amounting to over two billion $MONSTA tokens. This is an extraordinary achievement for a new protocol in the current market in such a small amount of time.
The Monster Supply Burn
With just under a year and a half to go until the end of the first cycle, the ongoing hyper-deflation (token supply burn) seems likely to make things very hot, driving the price of $MONSTA up as the supply shrinks. This, in turn, will increase the growth rate of the reserve and further increase demand for $MONSTA, potentially a volcanically virtuous cycle for token holders.
However, the platform does not stop there as the supply is also elastic. Once the first cycle is complete and the reserve contents are distributed to $MONSTA holders, a new cycle is triggered, and previous cycle holders will be reissued their $MONSTA. The re-issuance will be in proportion to their percentage of holdings at the end of the previous cycle. The heart of the protocol beats again; the hyper-deflation and reserve growth begin anew with remaining liquidity from cycle one added to the news cycle.
The Cake Monster platform is replete with incentives to earn, explore and have fun. Already deployed are; Crumbs, Kitchen Making, Cashout of inactive accounts, Diamond Claw NFTs, and the Monsta Party NFT and P2E platform (first to be launched and generated while in outer space… the video is extraordinary.)
About the $MONSTA Token
The monster token is a BEP-20 compliant token used within the Cake Monster ecosystem. The initial supply of the token is 10 billion. However, as a result of the monster burn, the final supply will be 1 million (0.1%) of the initial token supply. For the token distribution, 30% of the tokens will be utilized for community engagement, marketing, and airdrop, 10% for the team, 50% presale, and 10% for public sale.
Innovative Features of the Monster Ecosystem
– Single-sided $MONSTA staking Once deployed, $MONSTA holders will be rewarded for their commitment, which may positively affect the market and growth rate of the reserve. The potential for centralized exchange listing is also increased due to simple technical solutions to the transaction tax being possible.
– Lottery More than one lottery is under development but the first to be released is something the team dubbed “Eternal CAKE.”
The Eternal CAKE lottery will enable active diamond claw NFT holders to mint a lottery ticket. The numbers will be drawn every three days. If a player wins, they will be able to claim their prize. If nobody wins, or the winner doesn’t claim their prize, the $CAKE is added back to the pot for the next prize draw. This means the opportunity for some potentially juicy and large jackpots to be won.
Once you have minted (or purchased later from a marketplace) a lottery ticket, it never expires. In other words, it provides the owner with ongoing access to all future Eternal CAKE lottery draws.
– Rob-a-Monsta This new addition to the Monsta Party NFT platform is a protocol feature called “Rob A Monsta” (RAM). It is a P2E (play 2 earn) game that will reward active Monsta Party players at the expense of inactive players.
All-Party Monstas that have ever been fed by their owner continually accrue $MONSTA dividends, even if never fed again. However, active players (those feeding their Party Monstas) will be able to claim any pending $MONSTA dividends for Party Monstas not being fed by initiating a “robbery.”
– Multi-asset vault After a recent vote of community members, which returned an overwhelmingly positive result in favor, a new reserve asset (BNB) will be added to the protocol, making it multi-asset. This is expected to provide significant additional resiliency and further collaboration and community growth opportunities.
About Cake Monster
Cake Monster ($MONSTA) offers a multitude of great features aimed at building a flexible, multifaceted, and automated dividend yield and reward system for participants without compromising the sustainability or security of the protocol ecosystem, and combines this with smart design, creativity, and organic growth, resulting in a very vibrant and engaged community.
Cake Monster may look like a meme at first glance, but behind the stunning artwork and fun, whimsical nature is an economic model with significant and powerful innovation. It has attracted many knowledgeable minds and a passionate and engaged community. Innovation within the project is rapidly accelerating, with incoming developments and deployments representing only a small part of what is to come. An incredibly comprehensive and efficient PR and marketing campaign strategy has been developed to maximize awareness, growth potential, discussion, education, and utility of the core protocol and all future deployments. With these building blocks and ambition to match, this project is worthy of attention and deep analysis.
About Cake Monster
Cake Monster ($MONSTA), a DeFi protocol on Binance Smart chain, offers unique features focused on developing a flexible, multifaceted, and automated dividend yield and reward system for participants. It’s the first protocol to design an increasing Gravity Vault CAKE Reserve that opens up to all $MONSTA holders and rewards them with $CAKE.
For more information, visit Website: https://cake.monster/ Twitter: https://twitter.com/MonstaPartyNFTs Telegram: https://t.me/cakemnstr Reddit: https://www.reddit.com/r/CAKEMONSTER/ Medium: https://cakemonster.medium.com/
Media Queries Byron James, Cake Monster Media Office Email: email@example.com