Website : http://worldcoin.cash/
He’s really going to take a $ 100 billion (crypto) industry and introduce it to the Middle East, which is hungry for trade. Instead of trying to reinvent the wheel, our developers will partner with Kyber Network (kyber.network.com) to provide instant currency exchange, no middlemen, contract-based component exchange, and also on the forefront of security and accountability The world’s first crypto exchange,see more here : https://worldcoin.cash/world-coin-ico-white-paper.docx
The crypto market and the Middle East market have increased recently, with some Middle Eastern countries showing signs of early adoption of Western economic trends.
The industry has experienced unparalleled growth over the past two years. But beyond that, the Middle East is also beginning to increase its commercial sophistication. The market becomes as beautiful as anything you see in the state, so adoption will be easier because of the capital-rich market in many of these exchanges. Real growth will be less determined by foreign policy and more by the provision of technology, which we build to be very secure and highly transparent. Growth in the past was limited by anti-shariah rules and physical trade restrictions. We do not want to destroy cultural values, we prefer to help speed up transaction time, because that’s what wise growth will become possible.
worldcoin will be a currency backed with ethereum with a dynamic mix of 15 other currencies to help improve usability in the region. Our worldcoin will be easily traded on 15 other sub-coins and vice versa, which will act as a currency to maintain its stable value relative to the broader coin market. With this micro currency, people will be able to trade in their home country very quickly and without the hassle associated with traditional big currencies like Bitcoin, which are not breeding in the region.
This instead makes PayPal’s coin for local trade or for trade in the Middle East. People will know that you have something behind their investment with our 50% paper / gold warranty. Most banks only have 10 to 20% share, but our reserves will be held locally and internationally to ensure transparency and solvency of our transactions. Although the price of coins is not related to the currency itself, it will be supported by this regional currency, so it can strengthen regional confidence and comply with local regulations.
Asset management
With delays in infrastructure changes, the problem of having many digital assets increases as the number of ICOs increases. Making investments more difficult to manage. Although many of these investors will get the desired crypto proof as part of their investment strategy. Our exchange will also support such functions, although convertibility from one sign to another creates new challenges for investors and operators. For example, it could be a challenge for parties to allow contracts that have been used to receive new Crypto tokens as a form of payment. It also introduces more space for implementation bugs and security vulnerabilities. For example, recently, in DAO Token ICO, there is a big bug that distributes more marks to ETHs that collaborate with SNGLS contributors, even though they donate the same amount. Thus, it is necessary to simplify the payment procedure for token holders, merchants and network users.
WORLD TRADE
WorldCoin will display 14 individual currencies that are all related to the local currency of each country. (Example 1 Iraqi dinar will be equal to one dinar.) So, to reduce instability, we will also have our easily traded tokens to WorldCoin allowing investors a safe place in case of political instability in the region. This currency will always carry 50% cash reserves for full foreign exchange reserves. It supports investors’ money with local dollars and ensures the stability of WorldCoin as a commercial network. Remember that most modern banks are only required to save between 3% and 20% cash to support their real assets. That’s why we got fiat banks. Our piece will go beyond that.
The emergence of Ethereal, Ripple and some other cryptoes in Iraq, besides Bitcoin, has been responsible for a total market increase of $ 57 billion in the fiscal year since Q4 2016. Added crypto space growth exponentially.
The industry has experienced unmatched growth over the last 2 years. But beyond that, the Middle East is also beginning to increase its trade sophistication. The market becomes as beautiful as anything you see in the states, so adoption will be easier because of the capital-rich market on many of these exchanges. Growth will be actually determined less by foreign policy and more by technology delivery, something we build to be very secure and highly transparent. Growth in the past has been restricted by both the anti-sharia law and by physical trade restrictions. We do not want to destroy any cultural values, instead we want to help speed up transaction time, because that’s what wise growth will become possible.
World Coins will be a currency backed with ethereum with a dynamic blend of 15 other currencies to help improve ease of use in the region. Our worldcoin will be easily traded into 15 other sub-coins and vice versa, which will act as the stake currency to keep its value stable compared to the broader coin market. With this micro currency people will be able to trade in their home country very quickly and without the hassle associated with traditional big currencies like Bitcoin, which have not been breeding in the region.
SAFETY FEATURES
GLOBAL PROBLEMS FROM THE WORLD WORLD
CONTEXT SECURITY
Blockchain technology holds great promise to allow decentralized protocols, applications and organizations. Much of this enthusiasm is driven by Bitcoin and Ethereum, the main software platform in which it was built. However, we have seen $ 60 million lost from hacks in blockchain projects over the last 6 months. The latest scandal has posed high risks and challenges facing each project: the problem of how to write simple and secure code related to real money. However, no safety standards or best practices for this project will be widely accepted. There is no tool for developers to create, test, verify, and archive easily, and do it collaboratively. We believe the only way to do that is to ensure that existing and emerging projects work together and build them together. By using our OpenZeppelin library as a base, we will create a new token and token contract (WorldCoin) (WorldCoin) to be compatible with the ERC-20 tokens.
CONTRACT TOKEN
As mentioned above, the WorldCoin Token Agreement will be based on the OpenZeppelin library. OpenZeppelin is an open source framework for building secure smart contracts. It is intended to provide secure, tested and audited code to enable a new generation of distributed applications, protocols and organizations. By using Smart Contract Solutions, we believe we can create an open financial and economic system for the world. We strive to use blockchain technology to enhance our creative experience and business management. We plan to use OpenZeppelin as the core technology to realize this vision.
ABOUT TOKEN ERC-20
Ethereum, a popular Criptocurrency and blockchain system, based on the use of chips that can be bought, sold or traded. There are several different tokens that can be used in conjunction with Ethereum, and this is different from the ether, which is the original Ethereum block. Token, in this case, is a digital asset that can have various inherent values. They can represent a variety of assets such as bonds, IOU or even real world goods. In this way, tokens are basically smart contracts that use blockchain ethereum. One of the most important standards for Ethereum is called ERC-20.
SECURITY SOLUTIONS
Configure the network KyberNetwork is based on the protocol on the chain, which allows instant exchange and conversion of digital assets (eg encryption tokens) and encryption (eg ether, bitcoin, zcash) with high liquidity. The main purpose is to apply some of the ideal operating properties of the exchange, including goalless, decentralized execution, instant trading and high liquidity.
WORLD TRADE INFRASTRUCTURE
WorldCoin will display a basket of 14 individual currencies that are all pegged to the local currency of their respective country. (For example 1 Iraqi dinar will be equal to one dinar coin.) So to reduce instability fiat, we will also have our tokens easily traded to WorldCoin allowing investors a safe place in case of political instability in the region. This currency will always carry 50 percent cash reserves for full sharia reserves. It supports investors’ money with local dollars and ensures the stability of WorldCoin as a trading network. Remember that most modern banks are only required to save between 3–20 percent of cash to support their real assets. That’s why we got the banking “fiat”. Our coins will surpass this in terms of our quarterly accountability of “open books” via skype. Along with the legend of our open source transactions.
KYBER NETWORK TRANSACTION MANAGEMENT
Once technology stability has been established, our currency exchange system will work to integrate it with Kyber Network, as we want to have the most advanced security features available for our platform. Until then we will cooperate with traditional exchanges to provide the highest level of customer service to our token holders.
By leveraging their infrastructure for our currency exchange, we can provide real time trading while maximizing security for our customers.
Platform Features
This platform will feature digital wallets and ultimately matching mobile apps, all programmed at home and verified externally to make it safe for our customers? Why are we doing this? Mostly because we do not trust all the software that has been written to date and we want the best security for our clients.
Cash Backup Switches to Bankroll Real Estate Payments
So to conform with Sharia, we will eventually place our shareholders into several Middle Eastern Real Estate Developments. This is due to the extensive background of our founders’ real estate and the proven track record of delivering promising results. (Average 15–20% during his career) This dividend will then replace part of the cash reserves, as it is the safest place to spend in the long term.
Mobile Development
The most mobile app is to access the easy exchange market, to convert your coins into Middle Eastern preferred currency. By using the market platform we will hold the year 2018.
DETAILS DOCTORS OF THE WORLD WORLD
50 million tokens will be issued.During presale and crowdsale, a total of 30% of the total BIP tokens available will be sold.Mass funding from 1 October to 31 December. After that, the remaining unsold tokens will be burned and will not be issued.
TOKENS ALLOCATION AND DISTRIBUTION
Token will be distributed in the following proportions:
- 30% token will be sold during presale and crowdsale
- 2.5% Tokens will be backed up for Gift Referrals
- 2.5% Token will be ordered for Bounty Program
- 15% token will be offered after Platform Launch
- 30% Tokens will be offered to Founders, Advisors and team members
- 20% token is allocated to Other Expenses (Operation, Legal, Public
- Relations, Consultation, Development, Technical Support, and Audit)
Details Information :
ICO website: http://worldcoin.cash/
Whitepaper: https://worldcoin.cash/world-coin-ico-white-paper.docx
Telegram: https://t.me/WorldCoinCash
Facebook : https://web.facebook.com/worldcoin.cash/?_rdc=1&_rdr
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1109350
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