team - mid-level team
mvp - no
idea - usual
competitors - many
market - #cryptocurrency
Feb 9th 2018
5 months ago
May 15th 2018
2 months ago
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The Future of Middle Eastern Crypto Currency
World Coin Network aims to bring a stable Middle Eastern Crypto Currency to help facilitate trade and foster a culture of builders and dreamers through a four pronged approach –
1) Digital Currency Stability
2) Regional Partner Coins
3) Sharia Lending Platform
4) Charity Community Enrichment
World Coin Network (WCN) will help leapfrog the 85% of the un-banked Middle East into a new digital era of wealth management, crypto currency and stable banking instruments. Empowering the Middle East, facilitating trade and job creation are our main goals. World Coin Network, is a financial services business that will help banks integrate the World Coin Network tokens and infrastructure into current systems.
Financial problems in the Middle East:
85% of the 700 million people living in the Middle East are unbanked, with no access to credit, credit cards, or formal banking. This hinders economic progress and continues the cycle of poverty. We have taken a four pronged approach to help create the first Crypto Currency to tackle the problems faced by millions of people.
Seamless Lending Platform will facilitate trade and foster a culture of Builders and Dreamers. Our Sharia compliant lending platform will loan 50,000 - 100,000 loans a year at 0% interest, and cultivate a community of WCN holders and users. Micro loans from 100 to 1,000 WCN tokens will be handed out. These loans can change people’s lives and increase the quality of life for an entire family. As customers repay the loans we will also provide them and the business with credit rating scores, thus enabling them to participate in global commerce.
Regional partner coins will help spread digital currency across the Middle East and rapidly expand the reach of World Coin tokens. Our plan is to fork and create partner coins, like Iraq Coin or Afghan Coin to also utilize the World Coin Network and adhere to regional financial laws.
Keeping with our ideals of creating a stable and prosperous Middle East, we will be allocating a portion of our profits for Zakat (charitable tradition). We will be donating 20% of our transaction fees to non-profit educational charities in the Middle East