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 Korea's KETS (Korea's Emissions Trading Scheme) market. Systemically embedded demand for WGP supports its market liquidity and value.
W Green Pay ("WGP") is a ERC20 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 track and aggregate individuals’ GHG reduction data, based on which W-Foundation will be allocated KOC (Korean Offset Credit) - carbon emission units traded in the Korean market. Through HOOXI campaign, financial incentives of KOC-based carbon trading will no longer remain as the sole domain of corporations and institutions and will be open to individuals.
W Exchange is set to launch in March 2019 under the Korea Electric Power Corporation (KEPCO) approval. W Exchange is expected to be a KETS-eligible business entity. KOCs from HOOXI App will 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.
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A lot of good and savvy advisers here but just a few team members? Why blockchain is necessary here? The whitepater is more like a presentation than an investment memo (with tokenomics, financial model and competitive analysis available). Why Stellar blockchain is chosen.Most of the important info is missing.
Thank you for rating us and for the constructive feedback.
We have switched to Ethereum network: https://medium.com/wgreenpay/announcement-w-green-pay-tokens-will-be-issued-on-ethereum-blockchain-as-erc20-tokens-ee4d6db8368b
Blockchain technology is the missing piece that carbon credits system needs. Being public information and data which cannot be manipulated on the blockchain, it ensures transparency of these carbon credits being generated. The decentralisation of carbon credit ownership also provides true ownership of the currency that any companies and individuals are able to purchase or sell, freely. Besides this, it also encourages individuals to truly perform tasks that help to reduce greenhouse gas emissions as their tasks would have to be completed and verified on the HOOXI app (launching on 4th October), and in turn, they will be rewarded with mission points which can be converted into our tokens.
ICO Consultant | Influencer | Strategy and Vision Execution | Public Relations | Crypto-funds | Blockchain Development Lead Rated on Sep 19, 2018 Modified on Sep 19, 2018
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2
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18%
Team members needed to be re-worked. Not convinced on each one's contribution! Github link doesn't work. What is video all about??
Whitepaper needs to have some more relevant information than people's photographs! No technical information found!
MVP shows using WGP; purchased things on Amazon! Really? Does Amazon knows this? Would like to see something release to the public for testing.
Thank you for your ratings and feedback!
We've updated the links accordingly. Also, as for Amazon, we have partnered with Zeex - you may read more about it here: https://medium.com/wgreenpay/w-green-pay-announces-partnership-with-zeex-to-enhance-the-usability-of-wgp-tokens-4b1fbf075a24
W Green Pay has plenty of advisors on board. What is surprising to me is that they have a small team. The whitepaper should be revamped to provide further details for their business decisions. I am curious as to why the platform chose blockchain technology, I don’t think the project requires it for the execution. Waiting eagerly for an MVP.
Thank you for the ratings!
Public records ensure transparency of carbon credits generated are in line with real world data, decentralisation of carbon credit ownership for true ownership of the currency- any companies, individual are free to purchase, or sell; which is why blockchain would be necessary here.
Database Expert, Operations Executive, Financial Platform Developer, and Project Closer Rated on Sep 9, 2018
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9%
This project is flying in under the radar but has all the elements to be highly successful. This is a long term tracking project. If I were taking on any new projects to be an advisor I’d jump all over this one. I like how they structured their teams. Smart people here.
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