Blockchain to save the world from poverty

Learn how World Peace Coin Project will route out the world poverty by creating opportunities for people who can't access financial services
18 December 2017   1450

While rapid economic growth is expected to increase the income of developing countries, the ownership rate of mobile terminals is extremely high in spite of low bank account ownership rate in such countries. There are 2.5 billion people who have no bank account in the world. Considering that it is difficult for them to get education, launch businesses, invest for an asset buildup, World Peace Coin aims to enable them to live independent lives by intriducing a new cryptocurrency based on blockchain technology.

What is World Peace Coin?

World Peace Coin (WPC) is a cryptocurrency that aims to route out the world poverty. WPC utilizes its own artificial intelligence 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. That means that WPC provides opportunities for people who need a finance to live their independent lives by analyzing big data with AI and calculating their credit scores. Myanmar is planned to be the first country where WPC will be donated from October 2018.

World Peace Coin Project Features

  • WPC is a public cryptocurrency with blockchain of Bitcoin type
  • It will hold 10% of the total amount in its wallet and donate it to support the independent lives of the world’s poverty
  • Block generation time: 2.5 min
  • Block size: 1MB
  • Way of Mining: WPC adopts a hybrid system of Proof of Work and Proof of Stake and plans to move on to a hybrid system of PoW and PoL by October 2020

What is TSUMUGI?

Tsumugi artificial intelligence of World peace coinTSUMUGI Artificial Intelligence Technology

TSUMUGI is a system using a cutting-edge AI technology to realize a FinTech service for “investment in the future” of consumers. TSUMUGI is created to bring the world peace with economic circulation. To minimize credit default risk of WPC owners in developed countries, TSUMUGI calculates credit scores of people in developing countries with its own formula.

Features:

  • Original credit scoring without any financial systems such as banks
  • “Mother wallet” for functioning PoL practically

World Peace Coin Wallet

WPC is going to design wallets for loaners of PoL (who are called “UA”) and loanees of PoL (who are called “UB”) respectively.

  • UA Wallet. Remitting functions for PoL will be installed in addition to common features of cryptocurrency wallets and there will be no limit for remittance and balance
  • UB Wallet. Loan limit will be set according to the score calculated by TSUMUGI in balance and the functions to see the loan limit, the current loan amount and apply loans will be available with PoL

Flow of PoL of World peace coinFlow of Proof of Lending

WPC sent from UA wallet to TSUMUGI will be pooled and allocated for the allowance in case of delayed loan repayments of UB wallet.

World Peace Coin Token Sale Information

  • Sales dates: Pre-ICO. from Dec 20, 2017 to Jan 20, 2018
    ICO. from Mar 25, 2018 to Apr 25, 2018
  • Total number of tokens: 25M
  • Token price: Pre-ICO. 1WPC = USD 0.22
    ICO. 1WPC = USD 0.27
  • Hard cap: Pre-ICO. $10M
    ICO (including Pre-ICO). $50M
  • Accepted currencies: USD

World peace coin collected funds allocationCollected funds planned allocation

Documentation

  • Whitepaper

More Information

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Top-3 Ongoing ICO 16th - 22nd Sep Acc. to Our Readers

Let’s check which ICOs from ongoing 16th to 22nd of September are considered the best among our readers
24 September 2018   129

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three upcoming ICO according to our readers.

1. World Bit Bank 

Vitsolutions, LLC has been conducting technical development of the World Bit Bank project and researching innovative financial technologies and the blockchain technology since 2016. World Bit Group which manages the World Bit Bank was established in 2018. It was registered in the EU and holds the Virtual currency against fiat currency exchange license and the Virtual currency wallet service license. Being under European jurisdiction, all real and digital assets of investors will have the highest security. By covering a large portion of the globe, we will be able to provide millions of people with banking services using cryptocurrency in conventional banking operations. Such services include: cryptocurrency loans, use of cryptocurrency in VISA/MasterCard debit cards, easy and cheap transfer and exchange of cryptocurrencies and many more financial transactions we make every day.

World Bit Bank ICO
World Bit Bank ICO

As reported, almost €16M raised.

2. Worldopo 

Worldopo gives the players a platform to build, own and trade property, all securely stored in blockchain. The innovative new approach is the use of it’s own cryptocurrency, the WPT as the base of the economic simulation. This gives the game a layer of realism never seen before, because people can earn real money when playing. The addition of AR makes it possible to actually see your empire grow before you eyes. In short Worldopoly is a true revolution in mobile gaming, easy accessible and yet complex like the real life itself. The best is part is: the game has already completed the development of its game engine and major features.

Worldopo ICO
Worldopo ICO

Worldopo team was able to sell 640 700 WPT.

3. Cloudbric  

Cloudbric is a decentralized universal security platform featuring enterprise-grade website, mobile device and crypto asset security, as well as access to a community driven threat intelligence database all powered through a new technology called VISION (patent pending), a CNN-based deep learning AI-tech, featuring one of the most accurate (low false positive rated) engines on the market. Our goal is to not only secure the web in general, but to secure the entire blockchain experience for users and businesses alike whether it’s protecting global exchanges, securing cryptocurrency assets, etc. so that we can help further encourages the widespread adoption of this great technology to masses. Cloudbric is currently a market leading web application firewall as a service vendor in South Korea and Singapore. We boast multiple awards (SC Magazine, Stevie Awards, Info Security PG, more), are industry-certified, and have more than 10,000 customers and partners.

Cloudbric ICO
Cloudbric ICO

As we can see on the pic above, Presale #1 and #2 ended, and looks like 5000 ETH in total was raised.