World Peace Coin ICO - What is WPC?
What is WPC?
WPC is a cryptocurrency that aims to route out the world poverty as well as a cryptocurrency utilizing blockchain technology.
It enables you the real-time settlement with a low remittance charge. The maximum amount of WPC is set at 2.5 billion and we will donate 10% of them which is equivalent to 250 million to developing countries.
WPC contributes to creating opportunities for people, who have neither bank accounts nor access to financial services, to live their independent lives.
Furthermore, it utilizes its own artificial intelligence (AI) system called “TSUMUGI” which calculates credit scores of people with no bank account so that it is capable of providing the revolutionary system, Proof of Lending (PoL), that enables WPC owners to mine while financing.
That means, WPC provides opportunities for people who need a finance to live their independent lives by analyzing big data with AI and calculating their credit scores.
World Peace Coin Project
World Peace Coin(WPC) is a cryptocurrency that aims to route out the world poverty. WPC contributes to creating opportunities for people, who have neither bank accounts nor access to financial services, to live their independent lives.
Those who approve the World Peace Coin can establish the world peace through this coin.
Our Product
Proof of Lending
There is a huge market opportunity for WPC
4 billion people are low-income earners in developing countries.These people earn less than $3000 per year in purchasing power parity (PPP).
These 4 billion citizens create a market for WPC.
4 billion people make up a market for WPC
$1 Billion
WPC will start donations in Myanmar.
In Myanmar, there's a market for 5,738,880 households.
If investors make a pol transfer of $100 to these people
as an investment, 570 million dollars will circulate.
When this is applied to the equation of the economic
ripple effect announced by METI, the economic effect of
$1 billion is indeed born.
$700 Billion
If the market size expands to 4 billion people,
its economic effect will be 700 billion dollars.
250 million WPC which is equivalent to 10% of total issue amount will be donated to developing countries that need a financial platform. The donations will be done in stages in multiple countries and areas and the infrastructure ground of WPC distribution will be developed to support the poor. In addition to that, it also plays the role of a marketing to complement big data for minimizing the risk of investors. We have chosen Myanmar as the first country to adopt WPC.
abstract
Features
WPC is a public cryptocurrency with our own blockchain born in 2016.
To improve security strength, realize smart contract, and utilize PoL, WPC will utilize the ERC-20 token standard after the ICO. WPC, as a cryptocurrency, adopts both Proof of Work (PoW) and Proof of Stake (PoS) and enables you to receive ERC-20 WPC through equivalent exchange with not ERC-20 WPC at cryptocurrency exchanges.
It holds 10% of the total amount in its dedicated wallet and donate it for supporting the independent lives of the world’s poverty.
Algorithm
Currency : X13
Token : ERC-20
Source code
The WPC source code will be published on GitHub
in accordance with the stability of the blockchain
and the listing to, the cryptocurrency Exchange
scheduled for Q2 2018 to guarantee
the benefit of the ICO participants.
Overview of Blockchain
block generation time: 2.5 min
block size: 1MB
Way of Mining
WPC adopts a hybrid system of Proof of Work (PoW) and Proof of Stake (PoS) and plans to move on to a hybrid system of PoW and PoL by Q2 2022.
How to Move the Way of Mining
WPC uses the hybrid of PoW and PoS until October 2020. Since then, WPC will move on to a hybrid of PoW and PoL so that it can realize the world peace as well as benefits of investors.
In case the planned movement from PoS to PoL in October 2020 is behind schedule, it keeps running with PoS, and does not affect the mining of WPC.
Overview of Mining
・Proof of Work（PoW）
total issue amount: 2.5 billion
mining period: 10 years
minig reward: 1,200/block (for the 1st year. decreases by 100 every year after that.)
We show distribution of 2.5 billion WPC.
50% for the 1st year, 45% for the 2nd, and decreases by 5% every year after that.
Proof of Lending（PoL）
PoL is WPC’s original way of mining applying the smart contract function.
Anyone who has WPC can be a miner. This revolutionary way of mining by financing is able to generate the world’s economic circulation.
Investors can easily enter microfinance in developing countries
Review, Rating and Wrote
Roadmap
ICO
Sales ScheduleICO has become a new way of raising funds for companies trying to launch a new business and is used around the world. With ICO, it became possible for companies to offer their own cryptocurrencies to investors and to raise funds for a new business.
We held presale of WPC in October 2017 and plan to hold pre-ICO on December 20th, 2017~January 20th,2018.
We set our target amount of pre-ICO to USD 10 million and are going to use it for development, marketing and the upcoming ICO. ICO is scheduled on March 25th, 2018~May 23th, 2018 (UTC).
Target amount of ICO including pre-ICO is USD 20 million. The sales of them are going to be handled on Ethereum and bitcoin and the price is as follows.
pre-ICO: 1WPC = USD 0.22
ICO: 1WPC = USD 0.28
Bonus
March 25 - April 8 : 17%
April 9 - April 23 : 12%
April 24 - May 8 : 8%
May 9 - May 23 : No bonus
WPC will be available for converting into legal currencies and major cryptocurrencies on cryptocurrency exchanges from June 2018. The table below shows the details of how the fund obtained from the ICO will be used.
Target amount of ICO : USD 20 million
60%
Spend on Exploring
20%
Development of PoL,TSUMUGI,and others involved with cryptocurrencies
15%
Project
Operating Expenses
5%
Spend on preparing
for joining global exchanges
TEAM
Writing: truonghai2018
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