Why having a complicated way to bank your crypto, when you have WEEN?

Wallet

To streamline the process of spreading the word about crypto-culture and especially for WEE, Walletever created WEEN, a virtual investment bank-like service that acts as the middle-man between mining, neighborhoods, and the variable DEX.

WEEN is a vital factor for licensed miners to present CEOs for funding since it operates as an on-site supervisory branch for Walletever.

Walletever requires each registered neighborhood fund to have an operative WEEN branch.

Manage your crypto through a personal bank you own.

WEEN branches are core to the Walletever fund management strategy to evolve. It will assist licensed miners in actions like:

  • Adopt a bank-like personality to provide hybrid services.

  • Fund transfer management.

  • Monitor multi payments for approved CEOs.

  • Underwrite loans using their own funds.

  • Fundraising capabilities for large for-profit projects.

  • Function as the outlet for Walletever LEC reception and issuance of payments.

  • Updating of ANOs funds balance sheet.

  • Managing of open, verticals, and sovereign funds dues and fees.

  • Convert xTT certificates to WEE.

  • Supervise and management of property rights in atomic ownership settings.

  • Initiate escrow-like payments.

  • Collect credit delinquencies on behalf of Walletever-associated ANOs

  • Request funding for special projects.

  • Authorize spot credit at POS on behalf of licensed miners.

  • Data gathering for Living Standard Index.

  • Operate supply chain franchising among dApps members.

How WEEN branches do earn money?

This compilation will identify the core transactions that will generate earnings for a WEEN branch licensee.

WEEN branches acquire qualified loans generated off mining cycles. Money purchase would fluctuate between negative yield all-the-way through 1.5% — depending on market conditions.

WEEN turns around and offers the funds to licensed miners with approved CEOs under a Loan to Grant program with a markup margin added. Since WEEN receives a loan from Walletever, the repayment terms and interest rates, as well as any collateral, will be determined upon miner acceptance of the suggested loan conditions suggested.

FREE LOAN ANYONE?

Loan to Grant would incentivize miners to complete projects to get their loans forgiven. Therefore, no repayment terms are calculated, hence converting a loan into a grant.

IT WORKS AS ANY LOAN

If loan recipient fails to complete the project they applied for funding, Walletever will attempt to recuperate the funds through WEEN branches.

TAKING CARE OF PEOPLE

Walletever will share the benefits with WEEN branches based on the volume of business generated in their coverage area. 

Split earnings are 40%/50% during the first three years. After the fourth year, split typical go to 50%/50% or tailored in a custom way if branch volume surpasses the established threshold for two quarters in a row.

STARTING UP

Applicants should cover the initial payment ranging from US$5,000 through US$25,000. That is depending on market size, and the MSA WEEN will operate. Initial amounts may vary to cover implementation and training.

OPEN FUNDS

Walletever will share Open Funds commissions with WEEN operators during the first year. Adjustments based on previous year performance are part of the norm.

STAND-ALONE PRODUCTS

Every service product housed within Walletever Ecosystem will have a particular set of rules, split revenue rate, and minimum sales required per quarter/annually. 

Although the system uploads every single product into the service dashboard, it needs specific training and activation for their release and marketability.

INFINITE PARTNERSHIP

Every month Walletever will have its books matched with WEEN branches around the world to collect and pay any rate for assets under management. Converted grants will not generate interest rates, therefore Walletever will credit WEEN branches.

AGGREGATORS COMMUNITY

Also, virtual banking-like outlets will generate resources from various fees for money management, including fundraising, loan origination, and investment advisory within the Aggregator Lending community of licensed miners.

ONLY 25 OUTLETS PER LARGE MSA.

Ideally, there will be up to a maximum of 25 WEEN branches per city/MSAs —cities with a population of up to 5,000,000 inhabitants. Those measures will allow licensees to benefit from a myriad of low fee transactions that require passing through WEEN enhanced service network.

WEEN is a model designed to manage up to 10,000 civic miner accounts per branch. The asset growth accounts are associated with civic miners' place of residence; however, addresses may change if miner moves to a new address.

How to apply for a WEEN branch?

WEEN requires an application. Upon approval, applicants will acquire 49% of ownership and voting rights, while the remaining portion belongs to Walletever, which cedes its position to licensed miners-neighbors.

They work under an operative license that lasts a year during the first three years. After this startup period, license agreements will have extensions for five years.

Walletever 51% stake control will pass over to applicant -now operators at a progressive speed and within three years. Nonetheless, a reversal of this action and the revoke of its license may occur if the operator fails to comply with WEEN terms of operations.

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Walletever will not collect dividends while owning the majority of stake.

While ownership is passing to WEEN licensee, neighborhoods will retain the voting rights in the same original percentage. Voting rights influence the distribution of the funds, although it will not impact stakeholders' revenue.

The founding of a new WEEN will require at least three co-founders.