WPC contributes to creating opportunities for people, who do not have bank accounts or access to financial services
WHAT IS WORLD PEACE COIN ALL ABOUT :
a cryptocurrency that aims to route out the world poverty. WPC contributes to invite 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 the credit scores of people with no bank accounts 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 an 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.
Many development projects have been designed and financed by international development partners. The development of advanced technology approaches the development of advanced technology. That is why World Peace Coin project was born.
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 the 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 have 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 for PoL implementation, and TSUMUGI distributes and sends it to users in developing countries according to their credit scores and loan applications.
Similarly, all replications are implemented through the mother wallet and all the records will be learning materials of deep learning. PoL is calculated according to the WPC remittance and records 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 cryptocurrency wallets.
No limit for remittance and balance.
what is the function of UB wallet
Loan limit is set according to the score calculated by TSUMUGI in balance.
Functions to see the loan limit, the current loan amount and apply loan with PoL.
How poL flow
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.
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 becomes 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 ICO's ICO target for ICO's pre-ICO to USD 10 million and are going to use it for development.
ICO is scheduled on March 25th, 2018 ~ May 23rd, 2018 (UTC).
The target amount of ICO including pre-ICO is USD 20 million. The sales of them are going to be handed on Ethereum and bitcoin and the price is as follows.
What can you do to support the poor via this project?
Well, it is very simple to show your support to the poor in developing countries by investing in the World Peace Coin #ICO. For each coin of contribution during its ICO token sale, you are supporting its efforts to eradicate poverty worldwide. Here is the WPC token sale rounds for your information. Each round will offer some percentages of the bonus that you should take advantage of.
The current price of the WPC token is $ 0.22 and its Pre-ICO round was a great success with $ 3,665,055 raised. I think that the public sale rounds starting from 25 March 2018 would be a great success too. Do not miss out this great opportunity to invest in this project for a good cause!
If you would like to learn more about the World Peace Coin project, I would suggest you to read the WPC below for more details.
Token and capital distribution
Token and Capital Distribution Scheme
10% (250,000,000 WPC) - donation from the project to developing countries.
10% (250,000,000 WPC) for sale at the ICO.
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.
Milestones
1
25/3/2018
ICO
2
2018 Q1
Update the Main blockchain
3
2018 Q2
・Complete API development Start Public Mining
・Cryptocurrency exchange starts to handle WPC
4
2018 Q3
・Wallet application for Android equipped with payment function β version released
5
2018 Q4
・Start of a donation to Myanmar
・Wallet application for iphone equipped with payment function β version released
6
2019 Q1
Start development of TSUMUGI
7
2019 Q2
・Start development of PoL
・Start of a donation to Southeast Asia a possible site: the Phillipines
8
2020 Q2
start of a donation to Southeast Asia b possible site: Canbodia, Vietnam
9
2021 Q1
Start of a donation to Southeast Asia c possible site: Indonesia, Laos
10
2022 Q1
・Start of a donation to Central America a possible site: Guatemala, El Salvador
・TSUMUGI β version development complete
11
2022 Q2
Start operation of PoL
12
2023 Q4
start of a donation to Central America b possible site: Nicaragua, Panama
13
2025 Q1
・TSUMUGI development complete
・Start of a donation to South Africa possible site: Egypt, Gabon, Djibouti, Lesotho, Botswana, South Africa, Swaziland
The project has no GitHub account. On this issue, the team states that the code is not yet published due to lack of time.
FOR MORE INFORMATION VISIT
Website: http://worldpeacecoin.io/
White Paper: http://worldpeacecoin.io/whitepaper/
Twitter: https://twitter.com/WorldPeaceCoin1
Facebook: https://www.facebook.com/worldpeacecoin/
Author
Gugun182: https://bitcointalk.org/index.php?action=profile;u=1268521
Myeth: 0x7efFF5Dd57485721299cb4b79D8AE45993FDa6cE