Hello guys
here I will review a new ico, ico name is the world peace coin. wow fantastic is not it?
World Peace Coin (WPC) is 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.
Project details
Name: WORLD PEACE COIN
Ticker symbol: WPC
Project Type: Cryptocurrency, FinTech.
Extended company description: WPC is a cryptocurrency that creates credit opportunities for people who have no bank account or access to financial services.
Company: World Peace Project Pte Ltd.
ICO details
Public ICO Start: Mar 25 2018
Public ICO End: Apr 25 2018 [White Paper]
Token Sales Duration (weeks): 4.4
Total number of tokens issued: 2,500,000,000 [White Paper]
Tokens Available (Pre-Sale + Public ICO): 250,000,000
Investment goals:
Price of 1 WPC: 1 WPC = 0.27 USD
Accepted payments: ETH, BTC
Bounty: not announced
Token role: Functional
Team
Team (number of persons): 7
Advisors and partners (number of persons): 3
Project information
WORLD PEACE COIN — a cryptocurrency that creates credit opportunities for people who have no bank account or access to financial services. [Website]
WPC cryptocurrency, created using blockchain technology, enables real-time settlements with low transaction fees.
WPC will provide the following services:
- providing loans to populations of developing countries
- cryptocurrency mining [White Paper]
Project advisors:
Yoshiaki Saiga - consultant on AI
Yuki Miyawaki — consultant on cryptocurrency
Hidetoshi Nakano — legal advisor
Yuki Miyawaki — consultant on cryptocurrency
Hidetoshi Nakano — legal advisor
Project partners:
According to a team representative, the project has a partner in Myanmar posessing a broad audience. This partner is one of the reasons why the team decided to launch in this country. They already have partners in the Asian region who are focused on Cambodia.
According to a team representative, the project has a partner in Myanmar posessing a broad audience. This partner is one of the reasons why the team decided to launch in this country. They already have partners in the Asian region who are focused on Cambodia.
Attracted investments: N/A
Conclusion
The project is based on a cryptocurrency and payment structure. Attention from the blockchain community to the project is currently low.
Strengths of the project:
Strengths of the project:
- The selected lending market for developing countries is growing, which creates opportunities for new players in this segment.
Weaknesses of the project:
- We think that the business model of the project is not well explained, and that processes for working with users have not been detailed.
- The selected market segment is marked by a high rate of loan defaults, which could have a significant impact on the liquidity of the project's assets.
- There is no information on the project’s advisors in the public domain, including Linkedin.
- There is no information available on project staff in the public domain, including Linkedin.
Market and industry
According to Statista, the world market for P2P lending in 2015 was $64 billion. Based on the CAGR given by Statista (56%) and TechNavio (53%), we expect that at the end of 2017 the potential market for the project will be over $152 billion. (and that by 2025 the market is expected to grow to 1 trillion dollars [Statista]).
With regard to the market for P2P lending in the Asian region, Allied Market Research predicts an annual growth rate of 54%.
With regard to the market for P2P lending in the Asian region, Allied Market Research predicts an annual growth rate of 54%.
According to the white paper, the current world population is about 7.6 billion. About 2.5 billion people do not have a bank account. [White Paper]
Comments: The P2P lending market shows a high rate of growth, and it is therefore possible to take up a niche in the market. It should also be noted that the Asian market for P2P lending (which WPC plans to take on first) is also showing growth, but mainly because of the growth and popularity of this type of loan in China.
Engineering features of the platform
The platform will function as follows:
- A borrower submits a loan request.
- The lender sends a request for money transfer.
- TSUMUGI calculates a credit rating and examines the transaction.
- The borrower's and the lender's requests are then accepted.
- Providing the loan to the borrower in accordance with the established credit rating limit. [White Paper]
Technical description
The WPC cryptocurrency is built on the basis of blockchain technology. This blockchain is characterized by a block generation time of 2.5 min, and a block size of 1 MB.
WPC is also built using Proof-of-work and Proof-of-Stake until 2020, after 2020 the team plans to move to Proof-of-work and Proof-of-Lending, which provides an opportunity for holders of WPC to mine during financing.
Proof of Lending (PoL) is an original means of obtaining WPC: WPC holders in developed countries finance WPC users in developing countries. Anyone who has WPC can be a miner.
A developed TSUMUGI system using AI technology is used to calculate credit points. [White Paper]
WPC is also built using Proof-of-work and Proof-of-Stake until 2020, after 2020 the team plans to move to Proof-of-work and Proof-of-Lending, which provides an opportunity for holders of WPC to mine during financing.
Proof of Lending (PoL) is an original means of obtaining WPC: WPC holders in developed countries finance WPC users in developing countries. Anyone who has WPC can be a miner.
A developed TSUMUGI system using AI technology is used to calculate credit points. [White Paper]
Comments: Note that the reward for mining WPC in the first year will be 1200/block, and then it will be reduced by 100 each subsequent year.
ICO
Tokens to be issued for sale,%: 10%
Public ICO Start: March 25, 2018
Token type: ERC20
Accepted payments: ETH, BTC
Price of 1 WPC: 1 WPC = 0.27 USD
Crowdsale duration: 4 weeks, until 25 March 2018
WPC — payment tool; a token based on ERC20.
Token limit: 2,500,000,000
Advantages of token holders: the tokens are functional which allows you to either use the platform services or sell them (tokens).
Max Goal: $50,000,000
Minimum Goal: $10,000,000
Pre-ICO: 1WPC = USD 0.22
ICO: 1WPC = USD 0.27
ICO: 1WPC = USD 0.27
Tokens are sold in several stages:
- A pre-sale was held in October.
- Pre-ICO: December 20, 2017 ~ 20 January 2018.
- ICO: March 25, 2018 ~ April 25, 2018.
Comments: 5% of WPC sold will be available for conversion and exchange on major cryptocurrency exchanges from June 2018. [White Paper]
Bounty
The project team has not yet presented the project's Bounty program, but it is being carried out on an individual basis.
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.
Summary: The project did not provide information about distribution of the tokens.
Tokens do not affect the distribution of shares in the company. The reward system is set up so that it is more profitable to buy tokens earlier.
Tokens do not affect the distribution of shares in the company. The reward system is set up so that it is more profitable to buy tokens earlier.
Roadmap
Contacts
The developers can be contacted using the link below:
ETH Address : 0x4be0D62Fc296136326F1A6BB6E3A543472c41820
ETH Address : 0x4be0D62Fc296136326F1A6BB6E3A543472c41820
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