A TOKEN FRAMEWORK MADE FOR PLANET EARTH
It is about collective wealth building. Let us design a token to empower people.
• ₩EE is a token conceived to work differently than most of the crypto-assets in the global market.
• The Walletever Ecosystem token is currently under development following the Ethereum ERC-677 standard.
• This standard format works similar to traditional ERC-20, but with added functionalities required to deliver Walletever vision to miners and end-users.
Monetary features to accelerate adoption.
• ₩EE is the digital currency fueling the Walletever Ecosystem, WEE.
• Although still under development due to its very specific features, it will be supported by the Ethereum network architecture.
• Initially only through mining, ₩EE will be available everywhere and can be use by anyone at anytime without any intermediaries.
• ₩EE will be widely used as investment, method of payment, as a collateral among other uses, within Walletever ecosystem as well as outside of it.
As a hybrid instrument, ₩EE will adopt two monetary roles: 1) Fungible, and 2) NFT.
₩EE will be an instrument that holds value over time and works as a transaction method in commerce and through asset growth practices housed within a smart contract-coded algorithm.
NFT FOR LICENSING
As a Non-Fungible Token, it will be the Ethereum-supported core feature shielding the WEE Civic Mining licensing.
NFT is part of a formal procedure where aspiring miners apply for a license. Upon passing the online exam, applicants should receive an NFT valid for a year, that enables them as mining licensees.
To avoid public confusion about usage, and to encourage further adoption, ₩EE functionality goes in line with how fiat currencies work today. It is divided by 100 smaller pieces, as cents do in any major global reserve currency, like the US Dollar, Euro, or the Dinar, for example.
₩EE OUTLINE: Although suddenly is a hot topic to have new cryptocurrencies pegged to metal like gold and backed by fiat deposits to comply with regulators, ₩EE is pursuing a different approach.
Time and effort will pay for jobs done by volunteers-converted entrepreneurs and through the funding of thousands of for-profit projects destined to impact the real economy in neighborhoods and communities.
In short, it's like people paying themselves for a particular task they have accomplished.
Key monetary criteria.
The criteria supporting the introduction of ₩EE rely on the need to establish a crypto asset with token holders in mind:
A fungible currency that is not under the control of a repressive authority.
A crypto asset that is free of speculation from bad actors and one-percenters.
Worry-free of losing control to a large group of shareholders.
The weight of ₩EE value is hooked to the size of the investment, and not Ponzi-related,
No entity —whether that is public or private, will be capable of manipulating Walletever with a hidden agenda. No even the Walletever Office of the Executive Ambassador, its global governance authority,
One remarkable feature in the design of ₩EE is its elasticity. For instance, when a CEO project finishes, volunteers-turned into miners will use WEE assets for investment purposes. However, to access liquidity, token holders would use their mined assets as a lending vehicle to increase their net worth.
As a payment carrier, ₩EE would be valid at points of sales as well as throughout a network of local merchants that are partnering with the WEE-funded communities they served.
Introduction to governance.
₩EE is also a categorized token, meaning that it can have child tokens that spin-off from it to create new assets. That resource intends to avoid sudden fluctuations that can modify the economics of the token and the way it feeds a large ecosystem.
The predetermined ₩EE token classes are a) True, and b) Foundational.
This innovative set of configurations around WEE may be compared to fiat banks creating financial instruments —although here there is complete transparency involved.
DIVIDENDS + INTEREST
For instance, Performance-triggered Tokens are set to be a passive element within the network, and that is the responsible unit that measures the value generated by incentives, dividends, and interest rates from transactions.
THE TOKEN WITHIN
This token class will not be valid in an environment foreign to proprietary DEXs, unless it gets previously converted into ₩EE, based on its scheduled growth asset program.
The promise to pay for CEO-approved projects is the key element during any Episode-Triggered Assets.
The way these four foundation token group are broken down are ready to be reviewed in the following data box:
Mining-triggered Certificates are a promise to pay paper issued when a CEO receives the approval from the algorithm. MtC gets burned upon conversion to ₩EE.
Performance-triggered Tokens are dynamic gains added to the asset principal in the form of interest rate or dividends set to convert on a specific date. The value of PtTs will grow under the influence of the asset growth vehicle selected. Interest rates, any dividends, and other terms will vary by instrument. PtTs get removed from ledger after its conversion to ₩EE.
Vertical-specific Triggered Tokens are those associated with a specific product niche. They act as a promise to pay certificate in thousands of transactions carried over Walletever Variable Trading DEXs. Although they have an independent valuation established by the free fluctuation of supply and demand, this token class acquires a real valuation within the system after its conversion to ₩EE occurs.
Aggregator Gain is an NFT token designed to build an annual jackpot-type of a fund whose value results from the sum of individual family civic scores living in awarded neighborhoods. Although this seems to be an incentive for households, it can also apply to open funds management. Since it is pegged to the annual civic mining license, Aggregator Gain NFT is the set term that will have an expiration date attached. However, it can exchange ownership in the secondary market as well.
The principal will remain under the custody of WTR since the asset came off of mining action. Smart contracts are in charge of the custody process as well —and throughout the entire term of the paper.
In other words, triggered assets (principal, incentives, dividends, interest, etc.) are redeemable solely through ₩EE conversion, assets freeze due to debt collections, and law enforcement actions.
All these assets are available as collaterals with the backing of WTR. The WTR should take the pertinent considerations to guarantee the availability of funds in the liquidity event these conversions will produce.
Mining activation goes on a per cycle basis. That asset creation procedure distributes mined funds in a way that impacts approved CEOs. Before submission, all CEO plans must receive the backing of their peer neighbors.
Action-hashed is the automatic path ₩EE tokens go through to become an asset. Powered by a set of civic actions carrying individual values, this process will repeat daily between 48 to 96 occurrences selected randomly.
Among the items considered to back the approval of CEOs, it is fair to mention the civic score, type of project, priority level of the vertical, and its benefits among them.
The amount of funds required also plays a vital role during the assignment procedure.
The mining is only for licensed civic miners that are active and who have received approval —promise to pay for a CEO project submitted with the support of the neighbors in the community.
What about ₩EE's total supply?
Due to the nature and size of the average investment and network reach, there will be a total of ₩EE10,000,000,000,000 (~US$1 = ₩EE0.70) available for mining since inception.
The number of ₩EE availability will vary since most of the mined assets get active within specific term plans distributed across the 100+ asset growth programs designed by Walletever as a way to increase collective wealth through DiCap as Platform efforts.
The mining affects ₩EE supply. Mining values per cycle will last ~60 years. Although operations within Walletever Ecosystem (WEE) will last forever.
However, mining is a portion of the entire collective wealth-building scheme since mined assets will accrue interests and are going to generate monies after asset growth plans are up.
Achieving ₩EE value formation.
The integrated value of ₩EE as a crypto asset will come from a combination of individual factors that behave independently and under isolated market dynamics.
The value of ₩EE adds up the following pieces -by percentage:
• Basket of strategically selected global currencies 60%
• CPI of key selected domestic markets 20%
• Basket of several natural resources, metals, and commodities 10%
• Supply and Demand. 10%
In contrast to many cryptocurrencies, co-founders, executives, and shareholders, Walletever is not planning a model around the US economy. Nonetheless, it enables an asset valid worldwide in commerce and other activities through various asset classes, and whose agreeable value would let token holders buy a cup of coffee in Sudan or purchase a car at a UK dealer without restrictions.
The dynamic assessment WEE goes through is a validation of specific indicators active in the global economy. This cocktail factors-in a basket of currencies and the market index for metals, few minerals, and commodities along with living indicators from major economies. That mix of those elements estimates the value of ₩EE at US$0.70 each.
Calculation of inflation levels would float between 1% and up to 5% per year. That is partially a consequence of the increase in the cost of living across markets Walletever measures. If the pool of countries combined ended the previous fiscal exercise at 3%, that would reflect the ₩EE appreciation. This model will also work in the opposite direction to cause deflation.
In this equation, real-time updates of the volume and value of the basket of currencies, natural resources, metals, and commodities, as well as supply and demand, are relevant to determine how much ₩EE matches the US dollar, for example. This all-linked configuration will prevent ₩EE to experience sudden surges in the demand that would impact its value.
For instance, if that basket value increases/decreases ~100%, then ₩EE will move up/down for approximately 10% of its value.
In this scenario, the way supply and demand performs at a local level is the proper indicator. That influence would come from the number of licensed miners that are operating in a particular market.
GOVERNED BY LOCAL MINERS
For example, if an increase in the supply and demand sector is happening in a country like Senegal, with a population of a few miners, its impact on ₩EE value would not be representative enough as if that episode had happened in a large market like the USA. These strategic measures are valid after identifying the powerful role collaterals of mined assets take at the core of the collective wealth creation.
INCREASED VALUATION OVER TIME
Many, if not all the proceeds from action-hashed mining will not be liquid immediately. Transference to a selected asset growth program would allow the capital to expand on behalf of investors-transformed miners. Those programs are part of a series of term plans sought to finance Aggregate Lending initiatives offered to miners over the ecosystem. Therefore, although monies are not immediately liquid, they can be valid as a secured instrument for debt repayment.
NOT A STABLECOIN
Even though ₩EE is not a stablecoin, this strategy will help keep the ₩EE value from falling or sudden surges. In a situation of potential dilution or sudden crashing in value, ₩EE should be diversified enough to face unexpected uncertainties.
REINVESTING MINERS' FUTURE
Walletever management is responsible for diversifying its portfolio. That task is achieved by acquiring various asset class through one of the Integrated Platform units, which are enabled to go outside the ecosystem to purchase stocks, real estate, agriculture resources, and properties of any kind that are tradeable, to repel a dive down in the value of ₩EE and its network.
SELF-FUNDING LONG-TERM STRATEGY
₩EE will not be destroyed or burned. However, they will migrate over WTR to finance media purchases for miners acquisition campaigns, fund bounties, cover balance sheet shortfalls, cover financial commitments, including the support of future conversions from triggered-tokens. The availability of tokens is public and updated in real-time.