Fresh wealth generated by personal productivity — collectively.
Becoming your own central bank.
Explore how to mine in a way that's innovative and welcoming to everyone.
No expensive equipment to buy. No hard to understand methodology and jargon that sometimes require a NASA-level smartness.
Discover the 6 steps from mining to prosperity:
1. Apply for a Mining License
Projects are exclusive for licensed miners. Mining license is awarded for a full year and allows citizens to enter the platform to mine and invest based on earned crypto. Mining license brings many benefits for mining and personal investment as well.
2. Register your CEO team
After passing the mining license test online, individuals and groups may start their registration process. This procedure although looks similar to incorporating a company, is fairly easy to do, so you may start planning the undertaking of your proposed project.
3. Plan your project.
Development team may select a project already proposed by a third-party actor or bring a project of its own for approval. Approvals are a combination of community and algorithm qualifications. To propose funding a new CEO, the development team should write an executive summary.
4. Project awarded.
Algorithm evaluates proposed ideas up to 96 times per day. Approved projects will get a Notification of Funds that's awarded so development can get started. Funds will be issued through Mining-triggered Certificates, that can be collaterals to obtain funds to cover development from liquidity providers or Treasury directly.
5. Develop your project.
Development team use awarded funds to finance its CEO, or Community Endeavor Opportunity based on submitted executive summary: Working capital — payroll, equipment rentals, insurance, consulting services, materials, unexpected expenses plus stakeholders benefits.
6. Invest your mined assets.
Upon project completion, collateral is released and the development team may use its earnings toward a variety of investment plans aiming to produce mid and long term benefits to empower prosperity for miners and their families.
Just when you thought mining was out of your league.
One of the walletever core missions is to speed up the involvement of volunteers and community service activists as social entrepreneurs. walletever is pushing the envelope with mining offerings that fit more people regardless of location.
So, choosing where to house walletever was a complicated task.
First, we thought that a native coin would fit the perfect growth plan for the WEE mining concept.
Besides, as of recent, Ethereum was getting complaints about the high gas fees charged to users.
Also, the scalability factor — which is something they're working hard like there's no tomorrow.
Yet, that was the platform that best fits the walletever approach to crypto.
We plan to engage walletever with Ethereum through an ERC-20 configuration as many crypto upstarts have done.
That follows a strategy for rapid adoption since walletever is implementing Proof of Civism, a protocol that interacts with Ethereum tech, as a new mining framework.
“Flooding the market with a token will destroy its valuation.”
That’s a presumption already debunked by the historical episode originated by the Federal Reserve back in January 2020, when it started feeding the financial economy with ~US$22 trillion of fresh capital.
An innovative approach to mining
Let's describe the mining schedule in stages.
The first leg of the process is the coding of an automated process that's created to mint new cryptocurrency. That's done at random intervals spreading up to 96 times a day.
Cell Cycle is the name the mining procedure receives and may operate with and without active miners.
Miners are always welcome, so many Community Endeavor Opportunity projects may continue coming in from all over.
With people involvement, Cell Cycles get empowered with the submission of local CEOs, a project management program that's core to the walletever business model.
Miners influence in Cell Cycles outcome
There are two ways to upload a new CEO into the project tray:
1) When getting uploaded by Proponents.
2) When it's presented by a team of developers — or Executors, that get approved to manage its development.
The Proponents are neighbors who don't need to hold a miner license to upload a new CEO. Executors are the CEO-related name used to identify licensed miners.
Miners are people doing things in real life. PoC mining is the result of physical effort.
Cell Cycles can start new instances with or without miners logged in.
Both parties are part of the recipient end if their posted CEO gets funded throughout any of the 10 Cell Cycles that's allowed to apply.
Here's a table that describes the criteria supporting funds disbursements — per Cell Cycle:
75% for CEO funding.
20% for Treasury.
Several of the elements algorithm considers to evaluate feasibility of proposed CEOs
There's a laundry list for CEOs to go through before the issuance of an approval. So, Cell Cycles consider a myriad of elements to award funds to submitted projects.
This is a partial list that may help to understand mining WEEs. There are proprietary factors the list is not considering.
• The convenience of the task.
• The number of stakeholders involved in the development.
• Inclusion of women and minorities.
• Professional qualification of members of the executorial team — when required.
• Project model (whether it’s not-for-profit or for profit.)
• Amount requested.
• Civic Score of CEO's licensed miners.
• Financial projections and an itemized estimation of salaries and labor compensation against the cost of raw material, equipment rental, insurance, permits, and consulting services.
• Average project completion ratio of stakeholders.
• Popular voting among community members.
After a Cell Cycle ends, CEOs receive a valuation that determines the percentage of funds it'll receive.
Pivotal in the process to convert volunteers to entrepreneurs, Community Empowerment Projects is the umbrella overseeing the evaluation of ideas to improve neighborhood-related areas. CEPs are a way to gather neighbors around to explore initiatives to better their living standards while earning money in the process.
Cell Formation Cycles
A process similar to mine a block, system goes through up to 96 times per day. Each Cell cycle is activated automatically; however, there's a second instance that's impacted by the compilation of a series of numeric combinations created by CEP mining proponents, looking for their projects to get funded.
Proof of Civism
An alternative protocol that interacts with Ethereum ERC-20 configurations to create 96 cycles of Cells daily by adding features and elements of all CEPs proposed for funding. PoC algorithm considers project type, Civic Score, number of neighbors involved that'll mine, reach, and impact in the community.
A probe of available funds, also known as Promise to Pay, is a digital note that reflects the face value of the crypto assets issued to CEP-awarded applicants after every qualifying Cell cycle concludes. A Notification of Funds is issued, CEP stakeholders may negotiate this PtP as collateral from various sources. A PtP can also be exchanged for WEE.
Although for purposes of the walletever business model, the actual mining will commence when the project starts developing, a series of procedures applicants must go through before getting the funds approved and notified as recipient to start developing the awarded project.
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