The most innovative social carbon credit platform to be launched.. W Green Pay ICO rating – 70
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PRE ICO Dates : 18/05/18 – 18/10/18
Roadmap: 4/10 Legal: 4/5 ICO terms: 4/5
Team: 17/20 Token applying: 4/5 Promotion: 11/20
About W Green Pay ICO (token sale)
W Green Pay (WGP), globally first blockchain rewarding individual’s Greenhouse Gas (GHG) reduction efforts. WGP is the reward method for HOOXI app of W-Foundation (nonprofit international organization)’s HOOXI, Korea’s government-backed GHG reduction campaign. HOOXI app will sustain its business by trading its carbon emission units based on the aggregated GHG reduction data in the Korea’s KETS (Korea’s Emissions Trading Scheme) market. Systemically embedded demand for WGP supports its market liquidity and value.
The Korean government selected W-Foundation to lead the “Nation-wide Public Movement to Reduce GHG Emission (HOOXI Campaign)”. To support the government’s GHG emission reduction efforts, W-Foundation will launch a mobile application called HOOXI App that monitors and rewards the effort of individuals and the public to reduce GHG emissions.
The HOOXI App expects to collect a large volume of individuals’ efforts in GHG reduction. As agreed with the Korean government, the country’s Ministry of Environment expects to allocate NEP (National Emissions Permit) units (comparable to the EU’s Carbon Emission Reduction (CER) units – validated by the United Nations Framework Convention on Climate Change (UNFCCC)) to W-Foundation, based on the collected big data of GHG reduction by individuals. The HOOXI App will be allocated certified NEPs by Korea’s Ministry of Environment based on collected GHG emission reduction data generated by HOOXI App users. W Exchange is expected to be a KETS eligible business entity. The allocated NEPs of HOOXI App are expected to trade on the Korea Exchange (KRX) through W Exchange.
W Green Pay will be the compensation method of HOOXI App to reward its users’ efforts in GHG reduction. W Exchange is expected to be the major trading platform for W Green Pay.
Advisers of W-Foundation support HOOXI Campaign for its shared goal with the Korean government and W-Foundation to promote environmental sustainability – a major component of the United Nations (UN)’ Sustainable Development Goals (SDGs) set as the 2030 Agenda.
W Green Pay (“WGP”) is an ERC20-compliant token that operates on the Ethereum blockchain. The aim of W Green Pay is to increase the public’s participation in GHG (Greenhouse Gas) reduction. W Green Pay will provide the means of incentivizing the public for their GHG reduction efforts.
The HOOXI App will serve as the platform for users to be rewarded by completing GHG reduction tasks.
With the approval by Korea Electric Power Corporation (KEPCO), W Exchange is expected to launch in March 2019 as a KETS eligible business entity. The allocated NEPs of HOOXI App are expected to trade at KRX through W Exchange.
The introduction of W Green Pay allows the objective of this project to be implemented in a scalable and sustainable way. The public and the global community, on an individual level, will be given the opportunity to play an active role and be rewarded for the reduction of GHG emissions. The resulting platform will give everyone the opportunity to unite in the cause of building a better future.
Token Sale Details
Token Name : W Green Pay
Token Symbol : WGP
Platform : Stellar
Token Decimals : 18
Of the total 1 billion WGP, only 200 million WGP (20%) will be open for private and public sale, and 800 million (80%) WGP will remain without sale at this ICO event.
The use of the 800million unsold WGP is as following:
– 200 million (20%): held by the WGP issuer (lock-up for period of six (6) months from the end of public sale)
– 200 million (20%): allocated to HOOXI App to provide as reward to HOOXI Campaign participants
– 400 million (40%): reserved for future sale (lock-up for period of six (6) months from the end of public sale)
Currency Accepted : XLM , ETH, BTC, USD
Token Price : US$2 per token
Private Sale Date : 14th May, 2018 – 26th of July, 2018
Public Sale Date : 27th of July, 2018 to 27th of August, 2018
Soft Cap : US$25 million
Hard Cap : 200 million tokens sold or distributed