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Choosing the proper mining protocol to assembly a DLT strategy is somewhat complicated. There are too many choices. 

 

It may work similarly to the way people choose their religion. For many, the selected religion can be an act of faith, a belief system, or a membership, where regular citizens congregate. It is not always easy to define an exact definition to please everyone. 

 

In the case of mining protocols, there are a variety of choices: PoW, PoS, dPoS, X.11, Byzantine, and a few more.

Concerning Walletever, it will follow the coding implemented for ERC-677 compliance; although it is clear that the way mining is configured foes under the influence of Proof of Civism, which is nurture by hashes obtained from human actions instead of computer power, like in the PoW case, for example.

Before evaluating the mining process, it is fair to review the procedures that go before a Community Endeavor Opportunity projects is approved.

Info Box

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Info Box

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PLAN YOUR PROJECT

 

 

Development team may select a project already proposed by a third-party actor or Field Enabler, or bring a project of its own for approval. Approvals are a combination of community and algorithm qualifications. Whether project is up for auctioning or it is planned from scratch, to raise funds for a new CEO, the development team should write an executive summary.

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-related expenses from liquidity providers or Treasury directly.

DEVELOP YOUR PROJECT

 

 

Development team will 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.

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, their families along with the community at large.

Priority verticals for CEO projects.

AGRICULTURE
ARTS & ENTERTAINMENT
CLUSTER MANUFACTURING
FINANCIAL SERVICES
EDUCATION
ENERGY
HEALTH CARE
HOSPITALITY
INFORMATION TECHNOLOGY
MEDIA & COMMUNICATIONS
PROFESSIONAL SERVICES
PUBLIC UTILITIES

REAL ESTATE

RETAIL SECTOR

SPORTS

URBAN INFR. & CONSTRUCTION

TRANSPORTATION

WASTE MANAGEMENT & RECYCLING

Tasks that would qualify as CEO projects.

Although the action-hashed mining protocol is a system that pretends to grow organically money-wise, it is also focused on evaluating the scope of the submitted projects to warrant financing. 

 

Here is an extensive list of activities identified as CEO material that would kick mineable activities for a civic miner to get started:

Graffiti Removal, Poor lit streets, Entangled wires, water waste, stagnant water cleanup, drinking fountain, pothole fill-up, bike parade, and bikeway pavement and signaling, local street adopting, repair sundown playground, local school cleanup, wall painting, fend repair and maintenance, walking trail, local rivers (pond, lake, creek, etc.) cleanup, plant trees, and native flowers, road assistance rounds, graffiti removal, street air fair, feeding homeless, Civil patrolling, Firehouse volunteerism, Neighborhood signs maintenance, Outdated billboard removal, Vacant lot cleaning, school desk repair, traffic light monitoring, traffic violations posting and enforcement, crime surveillance, feeding street pets, among many others to be listed in the future.

Some other activities the system would consider are Running an internet radio for the neighborhood, local emergency hotline, Park benches maintenance, Local touring guide, etc. 

 

The list is constantly evolving; even so, Walletever would also encourage coaches to contribute with teaching-related tasks to expand local-focused knowledge that would improve community wellbeing into the future. 

 

Each task and action have a different value when added on to the rest of the resources that will be accountable for Community Endeavor Opportunity, CEO, approval for funds and mining.

What is considered an action element?

There's a laundry list of elements for CEOs to go through before the issuance of an approval. Therefore, Action-built Cycles do consider a myriad of items to award funds to submitted projects.

Normally, projects costs are calculated at market rate and the algorithm takes all the values posted on the table to calculate the percentage of funding project developers will received. In other words, the algorithm do a pre-mining, where projects get evaluated and the amount likely to be approved. Final approval will be done by a qualified panel of neighbors.

Although, there are several proprietary factors the current list is not addressing, please consider it as partial and would help understand how to mine WEEN.

• 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, permit, and consulting services.

• Average project completion ratio of stakeholders —if any.

• Popular voting among community members.

CEOs start going through algorithm reviews, that would qualify their individual feasibility. 

 

After a Cell Cycle ends, CEOs receive a valuation that determines the percentage of funds to be assigned. 

 

Thresholds go from Tier 1 to 5. Check the table describing the assignment of funds. 

 

Normally, fund assignments are based on WEEN Loan to Grant scheme. However, approved CEOS within Tier 2 and below would qualify for a low interest simple loan too round up project's financial needs.

1 751 1,000 100%
2 601 750 85%
3 451 600 75%
4 301 450 50%
5 0 300 N/A

The management of funds is part of the Walletever Loan to Grant program, a financial figure that interacts with miner's Leverage Growth Finance, which together allows mined assets to be deposited in individual term accounts to gain value. It also works as the funding transition as collateral for loans and lines of credit while earning interest. 

 

Qualified miners should fill out a loan request through the WEEN branch assisting their neighborhood or by reaching out to Treasury.

Upon miner's involvement with the Cell Cycles, fund distribution should look as follow:

TIER 1
%
Per cycle
TIER 2
%
Per cycle
TIER 3
%
Per cycle
TIER 4
%
Per cycle

Choosing the proper mining protocol to assembly a DLT strategy is somewhat complicated. There are too many choices.

It may work similarly to the way people choose their religion. For many, the selected religion can be an act of faith, a belief system or a membership where regular citizens congregate. It is not always easy to define an exact definition to please everyone.

In the case of mining protocols there are a variety of choices: PoW, PoS, dPoS, X.11, Byzantine, and a few more.

Concerning Walletever, it will follow the coding implemented for ERC-677 compliance; although it is clear that the way mining is configured foes under the
influence of Proof of Civism, which is nurture by hashes obtained from human actions instead of computer power, like in the PoW case, for example.

Before evaluating the mining process, it is fair to review the procedures that go before a Community Endeavor Opportunity projects is approved.

PLAN YOUR PROJECT
Development team may select a project already proposed by a third-party actor or Field Enabler, or bring a project of its own for approval. Approvals are a combination of community and algorithm qualifications. Whether project is up for auctioning or it is planned from scratch, to raise funds for a new CEO, the development team should write an executive summary.

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-related expenses from liquidity providers or Treasury directly.

DEVELOP YOUR PROJECT
Development team will 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.

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, their families along with the community at large.

(Every cycle is coming with a set number to match. That number is created by the algorithm to accomodate a funding amount to be mached with what projects developers from around the wold have applied for, based on brackets.
The number is the sum of all of the algorithm-approved CEO. Before being hit by the algorithm review, CEOs must have been approved by the neighbors first.
When the set sum is reached, a new funding Cycle is triggered. Cycles are working non-stop. If there are not bidding developers at a given time, the system will continue doing ghost-minting, which is the process to generate crypto without miners applying for a CEO review.
The number of projects reviewed in a per cycle basis varies. However, projects are accepted, reviewed and awarded in a first come-first serve basis until the set amount for the cycle period is reached.
Although some projects may portrait features with heavier weight due to the algorithm, individual projects will have up to 10 times per days to qualify for approval.

Let us elaborate on how this automated mining process would work.

Cell Cycle is the name the mining procedure receives, and since it's an automatic process, it operates with or without active miners engagement.

However, miners are not only needed but welcome, so many Community Endeavor Opportunity projects, CEO, would continue to come in and apply for funding based on an action-hashed algorithm that simulate native behavior of PoW.

With miners' involvement, Cell Cycles are empowered with the submission of local CEOs, a project management program that is core to the Walletever business model.

Check the 2 ways to upload a new CEO into the project tray:

1) A CEO can be uploaded by any registered field enabler.

2) When a team of developers proposes a new CEO and gets the approval to manage its development.

In short, the field enablers are neighbors who do not need to hold a miner license to upload a new CEO into the system.

Developers are the CEO-related name used to identify civic licensed miners.

It will be usual to have Subject Matter Experts taking part during the decision-making process, as well as verifiers at the end, to make sure CEOs are properly evaluated before it is finished.

To receive funding, field enablers and developers must have the popular backing of the neighbors for the projects they have uploaded.

The popular vote will assure the CEO will go through the WEE algorithm review for approval. That is a native functionality the system triggers several times a day —96 cycles during weekdays, and at random intervals.

Votes should be a sizeable percentage of the registered neighbors' population. However, during the launching period, some requirements would soften.

Both parties are part of the recipient end if their posted CEO gets funded throughout any of the 10 Cell Cycles it's allowed to apply.

Priority criteria for action-hashed mining.

Since Walletever mission is to provide a collective wealth-building platform to improve people's lives, it is cautious to implement technology that would risk families' income.

Although the technology is part of Walletever integrated strategy, it will not be used to affect the job stability of the people. That means Walletever is not in the business of funding projects involving automation to replace jobs, for instance.

That is not what Walletever is for.

In the same way, Walletever vision encourages the funding of projects with an intended positive outcome for citizens and families across neighborhoods and communities, regardless of their size.

Walletever configuration discourages the financing of projects that are part of the corporate philanthropy agenda. It will strive to fund projects that are investing in the revamping of the real economy for long-term prosperity.

Professional volunteerism as a productivity instrument will help neighbors gather together to tackle the problems they are facing as communities in the here-and-now.

Issues like food distribution, health care, education, environment, transportation, housing, job security, crime, among others, are of paramount importance for them, and projects and resources are needed to solve them.

Although those issues should be a matter for local governments to solve, citizens would not have much time to spare waiting for the right solutions to come. Therefore, Walletever is the financial tool for neighbors to fund those solutions.

That is the main reason why the funding of CEOs is more dedicated to assessing issues that affect people's lives today.

The reason why Walletever is being promoted among volunteers first, lays in the fact that volunteers are natural warriors on the lookout to transform the world for the better. They are sensitive individuals with a commitment for the well-being of the world and who enjoy helping others.

For Walletever, inviting volunteers will not be for a lost cause. COVID-19 has shown everyone that the income stream is at risk.

So, those always-free volunteers should now receive proper compensation.

The best way to compensate for volunteers will be to make them entrepreneurs. Allowing them to earn a financial stake in every project they work for. That is called Volunteering-for-Equity or professional volunteering.