WHAT IS WORLD PEACE COIN ALL ABOUT:
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. it also 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.
Market and Industry
markets that have been untapped so far are opened, and there will now be a demand for economic cycles to happen.
If we try to solve this as a charity, it would be a enourmous undertaking. However, through the use of “PoL”(Proof-of-Lending) and some of the other features of crypto-currency such as mining (which is financed by the loan), WPC will create a virtuous cycle of donations and investments by giving investors a reason to donate.
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.
Source code
The WPC source code will be published on GitHubin 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.
How is world peace coin been mined
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. 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.
World peace coin mining overview
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.
Proof of Stake（PoS）
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.
TSUMUGI
TSUMUGI is a system using a cutting-edge AI technology to realize a FinTech service for “investment in the future” of consumers. It was named after “tsumugu” in Japanese, which means “spin” in English.
Functions of TSUMUGI
Original Credit Scoring
To minimize credit default risk of WPC owners in developed countries, TSUMUGI calculates credit scores of people in developing countries with its own formula. The credit scores of them had been unclear, because they have no access to any financial services.
After launching the beta version of TSUMUGI, we are expecting that scientists around the world develop AI receiving WPC as rewards. Then, we will use the following data as a teacher data and develop TSUMUGI by having the AIs repeat reinforcement learning while competing each other. These cost will be covered by the marketing cost.
How TSUMUGI calculates the credit score.
Mother Wallet
TSUMUGI is a database to provide credit scores for PoL as well as a mother wallet managing and distributing loans appropriately collecting learning materials effectively. With PoL, users do not send or receive money directly each other. Instead, users in developed countries send it to TSUMUGI as a mother wallet automatically for PoL implementation, and TSUMUGI distributes and sends it to users in developing countries according to their credit scores and loan applications.
Similarly, all repayments are implemented through the mother wallet and all the records will be learning materials of deep learning. PoL is calculated according to the past WPC remittance and recorded information regarding PoL, and all the remittances should be approved by “node”.
Wallet
WPC designs dedicated wallets for loaners of PoL (we call them “UA”) and loanees of PoL (we call them “UB”) respectively.
what is the function of UA wallet
Remitting functions for PoL are installed, in addition to common features of cryptocurrency wallets.
No limit for remittance and balance.
what is the function of UB wallet
Loan limit is set according the score calculated by TSUMUGI in balance.
Functions to see the loan limit, the current loan amount and apply loans with PoL.
How poL flow
INITIAL COIN OFFERING (ICO)
ICO 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.
WORLD PEACE COIN SALES SCHEDULE
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.
PRICE IN PRE-SALES AND ICO
pre-ICO: 1WPC = USD 0.22
ICO: 1WPC = USD 0.28
SALES DETAILS
Technical roadmap
In the future, with the development of the technology and the amount of data it is planned to implement the following:
October 2018 — launch of the PoW platform in Myanmar;
October 2020 — start of PoL.
Comments: According to the roadmap, the team will complete its work on the platform in 2020. Until then, it will be developing PoL.
The project has no GitHub account. On this issue, the team states that the code was not yet published due to the lack of time.
FOR MORE INFORMATION VISIT
Website: https://worldpeacecoin.io/
White Paper: https://worldpeacecoin.io/whitepaper/
Ann Thread: https://tinyurl.com/y7ya2v9r
Telegram: https://tinyurl.com/ychtenpv
PUBLISHED BY: vancuongdbj
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