Wpower
The Wpower is a native token used at https://wetcoin.win as the stakes, to distribute the power of mining among all the participants in the premine program.
If you own a Wpower, you own a part of the mining process.
If you own a Wpower, you own a part of the mining process.
¿What is a stake?
Stakes are a means of measurement. let's say Company A is releasing token B and there are 10 people in their bounty campaign, they have allocated 1 million tokens for this.
Lets say person 1 has 1500 stakes, person 2 has 1000 stakes and the rest of the people combined have 5500 stakes.
Stakes are a means of measurement. let's say Company A is releasing token B and there are 10 people in their bounty campaign, they have allocated 1 million tokens for this.
Lets say person 1 has 1500 stakes, person 2 has 1000 stakes and the rest of the people combined have 5500 stakes.
Then the total would be 8000 stakes
(1 million / 8000)*amount of stakes you have. In case of person 2 that will be : 1 million/8000*1000 = 125000 of token B.
Bounty stakes would be your reward after the campaign is ended. Stakes are your total shares from the bounty campaign which you participated and it can be computed by getting the difference of the total token supply and the allocated token for the campaigns multiplied to your total stakes which means the fewer the bounty participants the bigger number of tokens you will have.
Bounty stakes would be your reward after the campaign is ended. Stakes are your total shares from the bounty campaign which you participated and it can be computed by getting the difference of the total token supply and the allocated token for the campaigns multiplied to your total stakes which means the fewer the bounty participants the bigger number of tokens you will have.
Bounty and airdrops.
The Wpower are distributed gradually. There are tasks that are punctual, such as the publication of an article in a blog, they receive 50% of the reward for publishing it, and the other 50% at the end of the campaign if it is still published. In this way the traps of those who publish and unpublish are minimized.
There are tasks that are continuous, such as moderation, signature campaigns, etc. they receive the payments weekly, as long as they meet the conditions.
There are tasks that are continuous, such as moderation, signature campaigns, etc. they receive the payments weekly, as long as they meet the conditions.
The problem with the stakes that are won in the bounty campaigns, is that they can not be sold until the end of the campaign. The wetcoin stakes distribution program is somewhat different, using a "Wpower" token that can be sold in the Dex since it is distributed. It is a much more liquid system than conventional Stakes, which can not be redeemed until the end of the campaign.
The Wetcoin Premine Campaign.
During the Wetcoin premining, all participants can premine the Wetcoin token under the same conditions, at the cost of the first block.
For the Wetcoin promotion, a Bounty Campaign has been established in the marketplace Wetcoin.win assigning a value to the Wpower that users get equivalent to 10% of the blocks pre-mined during the campaign, which will end on March 27, 2019.
An initial emission of 10,000,000 Wpower has been established for the campaign. Wpower is obtained by performing tasks, initially a percentage of Wpower is assigned for each task, as follows:
For the Wetcoin promotion, a Bounty Campaign has been established in the marketplace Wetcoin.win assigning a value to the Wpower that users get equivalent to 10% of the blocks pre-mined during the campaign, which will end on March 27, 2019.
An initial emission of 10,000,000 Wpower has been established for the campaign. Wpower is obtained by performing tasks, initially a percentage of Wpower is assigned for each task, as follows:
| Airdrop Registration | 1000000 |
| Marketing | 100000 |
| Web Site Development | 100000 |
| Bonus Program | 500000 |
| Promotion Team | 500000 |
| Translations | 500000 |
| Forums Moderation Team | 500000 |
| Bounty Management | 500000 |
| Content Creation Bounty | 1000000 |
| Facebook/ isntagram Bounty | 1000000 |
| Twitter Bounty | 1000000 |
| Reddit youtube Bounty | 200000 |
| Telegram campaign | 100000 |
| Software Development | 1000000 |
| Signature Bounty | 1000000 |
| Signature Management | 100000 |
| Advisors | 200000 |
| Reserved | 700000 |
| Total | 10000000 |
For all the planned items, if all the assigned tokens are not used, they are destroyed (burned) before the final distribution, so that the participants will see the value of their tokens increased. For example:
There is a 7% assigned for supplementary and unforeseen tasks, if at the end of the campaign it has not been necessary to use these tokens will be burned and will not be taken into account for the final assignment. In this way the value of the Wpower in the hands of the participants will increase by 7% or in its corresponding proportion.
Another example with the distribution by tasks:
10% Airdrop for registration: of the 10,000,000 Wpower, 10% are distributed in the airdrop. If by registering at Wetcoin.win you receive up to 1000 Wpower for completing the register and maintaining it during the premine, the first 1000 records will receive 1,000,000 Wpower in total. If for some reason all the Wpower of the airdrop are not used, they are burned before the final distribution, and will not be taken into account for the final assignment. In this way the value of the Wpower in the hands of the participants will increase its corresponding proportion.
There is a 7% assigned for supplementary and unforeseen tasks, if at the end of the campaign it has not been necessary to use these tokens will be burned and will not be taken into account for the final assignment. In this way the value of the Wpower in the hands of the participants will increase by 7% or in its corresponding proportion.
Another example with the distribution by tasks:
10% Airdrop for registration: of the 10,000,000 Wpower, 10% are distributed in the airdrop. If by registering at Wetcoin.win you receive up to 1000 Wpower for completing the register and maintaining it during the premine, the first 1000 records will receive 1,000,000 Wpower in total. If for some reason all the Wpower of the airdrop are not used, they are burned before the final distribution, and will not be taken into account for the final assignment. In this way the value of the Wpower in the hands of the participants will increase its corresponding proportion.
After the final count, it is determined how many wpower have been distributed, the wpower that has not been distributed will be burned and will not be taken into account for the calculation of the value in Wpower necessary to mine Wetcoin.
For example.
At the end of the premine, 10,005 blocks have been premined, the distributed Wpower gives the right to mine 10% of the blocks, since the blocks can not be split, rounded to the bottom 10,005/10 * 100 = 1,000 blocks (100 * 10,000 = 1,000,000 Wetcoin).
Of the 10,000,000 Wpower issued, the participants have received 600,000 Wpower for the tasks, and 400,000 Wpower have not been used. In this case, the 400,000 Wpower are eliminated, and the 600,000 Wpower are distributed as the basis of the calculation. Since the 600,000 Wpower give right to mine 100 Blocks regardless of the difficulty of the block, to mine a block you need 600,000 / 1000 = 6,000 Wpower.
For example.
At the end of the premine, 10,005 blocks have been premined, the distributed Wpower gives the right to mine 10% of the blocks, since the blocks can not be split, rounded to the bottom 10,005/10 * 100 = 1,000 blocks (100 * 10,000 = 1,000,000 Wetcoin).
Of the 10,000,000 Wpower issued, the participants have received 600,000 Wpower for the tasks, and 400,000 Wpower have not been used. In this case, the 400,000 Wpower are eliminated, and the 600,000 Wpower are distributed as the basis of the calculation. Since the 600,000 Wpower give right to mine 100 Blocks regardless of the difficulty of the block, to mine a block you need 600,000 / 1000 = 6,000 Wpower.
The advantage of the Wpower is that you can sell them in the market directly by wetcoin, so even if you have less than you need to mine a block, you can always change them.
bitcointalk:
https://bitcointalk.org/index.php?action=profile;u=1582803;sa=forumProfile
ETH:
0x42F510e1456CFf564EC695d1c0056E819933e26c
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