Weigrate
WRT Coin and WRTw Asset

White Paper

Weigrate WRT Coin and WRTw Asset
White Paper & Business

ABSTRACT

Transferring money and getting access to credit across international borders is still complicated, time consuming and expensive. Existing money transfer systems suffer furthermore from long lines, xchange rate losses, counter-party risks, bureaucracy and extensive paperwork. An estimated two billion adults are unbanked and with no, or limited access to financial services. Providing workable financial services to this population is often tagged as a key step towards eliminating world poverty and bootstrapping local economies. WEIGRATE focuses on easing the financial inclusion problem by applying blockchain technology for cross-border remittance, online payment, currency exchange and micro lending, shopping business development and promotions without the volatility issues of existing, non-stablecoin cryptocurrencies.

Meanwhile, national security concerns like terrorism and espionage have spurred the
development of vast government information networks. While the idea of a first-world government spying on all its citizens would have seemed horrific just twenty years ago, this reality is now the accepted status quo – and our last hopes for a truly private life seem to have been all but eliminated along the way.

For the vast majority of people in modern society, privacy and luxury go hand-in-and. This has become truer than ever before, now that many companies treat customer data as an asset to be monetized. Tech giants like Apple, Facebook, Google and Twitter have all built their fortunes by making our private lives public – and many people have willingly given up their basic right to privacy, with hardly a second thought.

This whitepaper fills the gap in the state of the art by presenting a blockchain-based capital transfer system that aims to lower financial inclusion barriers and provide financial services to the unbanked. We present the advantages of the system, outline the requirements and goals, as well as the architecture of the WEIGRATE financial eco-system.

INTRODUCTION

Advances in transportation, mass migration, the rise of the Internet and mobile devices as well as the rise of multinational corporations drive globalization and cross-border integration. Nevertheless, sending money across international borders is still complicated and expensive, with charges per transaction averaging 5.45% . Existing remittance and transfer systems suffer from longlines, waiting times, exchange-rate losses, counter-party risks, bureaucracy extensive paperwork. At the same time, an estimated two billion adults are without access to bank accounts , thereby excluding them from basic and daily services such as payments, remittances and access to credit. Even more problematic than the missing access to cross-border payments is the exclusive offering of cross-border lending to big institutional clients by banks. Those unserved customers participating in the physical cash-based, or informal economy are a large-scale audience if given better tools. Providing financial inclusion to those more than two billion adults currently excluded from the global financial system, has a large untapped potential, both for economic development and business profit. Providing novel financial solutions to unbanked populations is essential for poverty elimination and growing economies. Furthermore, people work and travel internationally, especially 250 million migrant workers, tourists, permanent travelers, expats, digital nomads and international students, who effectively become underbanked abroad. Having no local credit history, or bank accounts renders access to credit and transfer of money challenging. Moreover, undocumented income is not available to build a credit reputation. To achieve financial inclusion of the unbanked, or underbanked adults, Weigrate proposes the novel concept of Cryptocurrency.

KEY TECHNOLOGIES

Weigrate coin “WRT” and weigrate token “WRTw” is an industry-specific cryptocurrency, targeting the entertainment and trade sector. Especially for its native platform WEIGRATE. Our mission is to serve as the standard currency for anonymous, safe transactions in all aspects.


In WRT Coin and WRTw token users will be able to obtain decentralization, transparency, privacy, cost-efficiency and low energy consumption, ease of use, and network participation incentives work in line with enhanced security, doubling of the network capacity, smart contracts, lightweight wallet, and cloud mining in order to provide people from all over the world a worthwhile, stable, and more pliable way of handling their financial needs.


The Weigrate coin team is dedicated to continuing its business development efforts. Team members regularly attend industry events, stay up to date on new trends and popular vendors, and promote Weigrate coin to an even wider audience, which continues to grow every day.

MOST IMPORTANT FEATURES

1

The innovation behind Bitcoin needs certain user base to go forward as it was planned by Satoshi. During the past few years several blockchain developments and cryptocurrencies have emerged. None of them resulted in breakthrough success to reach mainstream adoption. Low and negative publicity in the past, speculations, scams, tech savvy interfaces are some of the reasons for this. In real life, people interact with other people buying and selling the goods they need on everyday basis. Shopping, searching for the suitable products is the most common daily activity amongst the poor and the rich as well. Weigrate Platform offers a marketplace where community members can start, promote and extend their businesses and users are able to find suitable solutions for their needs.In WRT Coin and WRTw token users will be able to obtain decentralization, transparency, privacy, cost-efficiency and low energy consumption, ease of use, and network participation incentives work in line with enhanced security, doubling of the network capacity, smart contracts, lightweight wallet, and cloud mining in order to provide people from all over the world a worthwhile, stable, and more pliable way of handling their financial needs.
The Weigrate coin team is dedicated to continuing its business development efforts. Team members regularly attend industry events, stay up to date on new trends and popular vendors, and promote Weigrate coin to an even wider audience, which continues to grow every day.

2

Merchants and service providers refuse to accept cryptocurrency payments because of unpredictable exposure to additional risks of exchange losses and regulatory issues. however, volatility in price and lack of management, marketing and financial skills prevent developers and community members from spreading them all over the world. An instrument with all its potentials to become a perfect global means of payment is now a victim of speculation and well beyond the reach of mainstream users. A stable cryptocurrency is the solution. It enables merchants and users to benefit from all the advantages of block chain technology, while keeping the losses caused by unexpected price fluctuations away. It is also the cornerstone of a long term successful business.The Weigrate coin team is dedicated to continuing its business development efforts. Team members regularly attend industry events, stay up to date on new trends and popular vendors, and promote Weigrate coin to an even wider audience, which continues to grow every day.

3

Merchants, businessmen created their businesses to earn money from it. Shoppers use a product or special shopping cards to earn bonuses, which are transferred into real money. However, any new opportunity to earn more money is welcomed, any possibility to use a new kind of payment method will have ambivalent acceptance.

4

Although Bitcoin and other cryptocurrencies have obtained certain results, it is becoming apparent how much the complexity of desktop or mobile wallets is an obstacle for the mainstream users and businesses to willingly accept and integrate crypto technology as a whole in their daily lives. The Multifunctional Wallet, designed for cryptocurrency mainstream usage, is the main interface of WEIGRATE Platform. It provides the special features of WEIGRATE Coin and multi coin transactions.

5

Hacking and other cyber attacks on crypto exchanges cause uncertainty on security matters. Non tech savvy people believe Bitcoin and other altcoins are insecure and risky, therefore their acceptance as a daily payment method is not so attractive. WEIGRATE Platform’s built-in decentralised P2P PAYMENT GATEWAY provides a safe, fast, STRAIGHT and secure entry point. No intermediary wallets – direct transfer between seller and buyer.

6

To maintain any business, keep it alive in the long term, it is necessary to have a steady income secured and independent from the main business itself. Cryptocurrency and Token is an innovative way its holders to become a “shareholder” in the most promising ventures of WEIGRATE Ecosystem. Cryptocurrency and Token holders are eligible to get dividend from the investments of the Foundation. Cryptocurrency and Token will be distributed during the ICO period.

WEIGRATE PLATFORM

THE GATEWAY TO THE CRYPTO WORLD

WEIGRATE Platform boosts the mainstream adoption with unique built in features. It is the first blockchain- based open marketplace, which applies attractive incentive system to encourage the community and service providers, and facilitates transactions through a user friendly WEIGRATE multifunctional Wallet. On WEIGRATE Platform each user has the opportunity to become a service provider, to start, promote, and expand their businesses worldwide. The users while users easily find solutions for their everyday needs. The features of the platform generate the ecosystem to serve the needs of mainstream users, and in the meantime provide the space for businesses to expand, to trade with their products and services, and to call their customers to join the platform. In WRT Coin and WRTw token users will be able to obtain decentralization, transparency, privacy, cost-efficiency and low energy consumption, ease of use, and network participation incentives work in line with enhanced security, doubling of the network capacity, smart contracts, lightweight wallet, and cloud mining in order to provide people from all over the world a worthwhile, stable, and more pliable way of handling their financial needs.
The Weigrate coin team is dedicated to continuing its business development efforts. Team members regularly attend industry events, stay up to date on new trends and popular vendors, and promote Weigrate coin to an even wider audience, which continues to grow every day.

WRTW

Weigrate Token Waves Based

WRTw Distribution

  • ICO Sale
  • Team And Advisors
  • Development
  • Foundation
  • Marketing
  • Future Team

WRT

Weigrate X11 Cryptocurrency

WRT Distribution

  • ICO Sale
  • Team And Advisors
  • Development
  • Foundation
  • Marketing
  • Future Team

Bonus Rewards and Sales Schedule

September 11 - 20

30%

September 21 - 30

20%

October 1 - 10

10%

October 11 - 20

7.5%

October 21 - 31

5%

November 1 - 15

2.5%

Anti-Fraudulent Measures

The anonymous nature of cryptocurrencies makes it beneficial for privacy. Simultaneously, however, it presents its own challenges when used for fraudulent activities – a challenge that many blockchain-based financial platforms will have to contend with. The WEIGRATE, like other cryptocurrencies, allows anonymity for its users.

Thus, p2p WEIGRATE transfers or WEIGRATE-to-bitcoin/altcoins transfers are anonymous. Fiat currency to WRT & WRTw Currencies exchanges will be subject to Know- Your-Client (KYC)procedures.

This governance tool will assist in combating money laundering in the WRT & WRTw Ecosystem. The KYC due diligence will be carried out by WISE Consulting before it exchanges fiat currencies. To prevent excessive one-time fiat currency withdrawals, withdrawal limits will be set for fiat currencies from the WRT & WRTw Ecosystem.

ICO CROWDSALE BENEFITS

Who benefits from WEIGRATE ICO?

• Experienced Fintech and Blockchain investors and developers,

• Investors entering the digital currency and Fintech market now,

• Crypto-fans already using cryptocurrency,

• Entrepreneurs, startups who want to provide services for the mainstream,

• Innovators and early adopters in financial and payments services,

• Members of the crypto community and investors, entrepreneurs, who understand the importance of blockchain technology, who believe that digital currencies are not just for speculation, who are willing to disseminate the technology across borders, and who want to gain on providing the coin supply and the services without boundaries.

What are the advantages for WEIGRATE ICO participants?

• Get access to the ecosystem of the 21st century through WEIGRATE Platform.

• Have stable price digital coins deposited in your multifunctional WEIGRATE Wallet to store your value and make instant payments at low cost via blockchain tech.

• Bag your 30% bonus as an ICO investor.

• Get 3-20% bonuses as an ICO Investor. Your WEIGRATE Coins will be deposited directly in your WEIGRATE Wallet

• „Refer your friends reward” - get an affiliate premium granted during the ICO

• Boost your business, utilize the tools of WEIGRATE Platform. Promote your products or services to the community. Acquire new customers and give specific bonuses to your existing clients.

• Ready to use products with user friendly features.

• The continuous development is ensured by investing back the profit made by the Platform

• Real value created not just raising a fund as most of the ICOs did, but investing back to scale up the Platform.

• The 10-20% of the newcomers will enter through WEIGRATE Platform into the Crypto World WEIGRATE is the first platform who can give the easiest gateway for the mainstream

Create with us! Be among the Pioneers to make a difference in the global economic and financial system, facilitated by WEIGRATE Platform, and take your benefit from it!

GLOSSARY

Cryptocurrencies have a better reputation in 2017 then ever before. Mainstream adoption are around the corner. Unfortunately, the innovations in the past concentrated on creating a blockchain based solution, restricted to a certain part of the economy. Easy 30 to use wallets, interfaces did not appear. The technology, used since 2009, is not user friendly and it holds new users back from adopting it. WEIGRATE Team are ready to disclose the great plan they have for the future; a viable solution how to create an easy entry point to the Crypto World. The unique incentive system of WEIGRATE Platform attracts users and service providers, and invites them to visit the platform on a daily basis. The Platform creates a familiar environment to any user: walking along a shopping street, picking up goods, and services, with the aid of a friendly companion, a one click interface, which can navigate anyone over the process. This interface ensures, that everyone can benefit from the Platform, while browsing through the services it offers, and collecting the coins, granted only on the basis of use. WEIGRATE Platform, mirroring real life interactions on a daily basis, provides unique, exciting and lucrative experiences to its users, and connects customers to any kind of Service Providers they are looking for. Be a part of connecting the mainstream to the Crypto World! Earn WEIGRATE everyday!The Weigrate coin team is dedicated to continuing its business development efforts. Team members regularly attend industry events, stay up to date on new trends and popular vendors, and promote Weigrate coin to an even wider audience, which continues to grow every day.