WAO coin

WAO (WeAreOne) is spoken like ‘wow!’ 😉

The following is the describtion of an idea.

A points system is initially used to finance WeAreOne, which later should be converted into tokens (crypto coins). Issuing it may costs less than €1000. 
Here are the most important points:

• Use of donations:
  • Donations are charged €1 = 1 point
  • The donations are used by the admins for ongoing costs and saved for future costs (lawyers, tax advisors, …).
  • If the amount of donations makes it possible to launch our crypto coin, the rest of the donations and the points become an investment.
• Rewards with points:
  • Complete registration as a member will be rewarded with one point.
  • Collaboration is rewarded with points. A positively rated post in the forum receives a point, which is multiplied by the average of the rating points (1-5) received for the post. These points will be credited to the member.
  • Members can receive the status, the role of an editor or moderator through active participation. Each moderation is rewarded with one point, special achievements with several points. More about user roles >>
  • A billed hour of work is rewarded with 10 points, multiplied by the average of the points achieved in the assessment.
    
• Socialism:
  • A certain “socialism” is practiced here; The difference in contributions between a “low earner” and a “top earner” can not exceed 1:5.
    (In later discussions, work that is particularly valuable to the community can be rewarded with more points if there is consensus.)
  • Example : An employee states that he worked for 2 hours on creating important content. The average rating of the post is 3.
    So the employee receives a reward of 20*3=60 points.
    
    Invoiced work by lawyers, notaries, programmers, etc. will be reimbursed initially at €1 = 1Token if there are members who agree to “Work now, pay later”.
    
• Value of the project:
  • The number of all points awarded for donations + work results in the value of “The WeAreOne” project.
  • Assuming:
    €2,000 was donated and 3,000 points were awarded for contributions and work = 5,000 points symbolize the overall value of the project . The capital of the above accounts is €1,000 (half of the donations). In purely mathematical terms, one point is worth €1,000/5,000 = €0.2.
    
• Tokens (coins):
  • The value of a point depends on the available capital and may change accordingly as the value of the accounts changes.
  • Provided that the other half of the expenses are enough to issue a token (coin) and pay for its legal protection and legal advice. The points collected up to that point will then be exchanged 1:1 for tokens for all members. (Issuing a token costs approximately €400)

The token can be traded on the market. The token can be purchased from WeAreOne for €1 = 1 token – but only a limited number per day or week. Or members sell token they have received. Then they can receive more than the purely mathematical value for the token. As with stocks, which usually have significantly more value than the purely mathematical company value that the share represents.

If the value of a token on the open market rises above €1, further spending and further work will be converted into tokens accordingly. One day, the first donors and employees will receive a higher salary for their early commitment than those who came later.
For example, if the token is traded on the market for €2, the points collected will be billed in the token at a ratio of 2:1. There are still 10 points for an hour of work, but these are then only worth 5 tokens because the value of one token has increased.
Like a stock, the increase in value of the token depends on the company’s valuation in the market. If the project goes well and market participants with a lot of imagination foresee a great development of the WeAreOne, the token should rise – like Bitcoin at the beginning. Study on crypto coins >>

On a later WeAreOne website, the number of tokens awarded and the current market value of a token could be continuously updated.

WeAreOneCoin vs. other coins
Unlike other coins, the WAO Coin has an intrinsic value, like a stock. Crypto coins generally have no intrinsic value. However, the WAO Coin represents an ownership stake in a company and is therefore tied to the company’s intrinsic value and future profit prospects. This should give the WAO coin wings.

Meme Coin
A meme coin is a cryptocurrency that originated from an Internet meme or has some other humorous characteristic. It may be used in the broadest sense as a critique of the cryptocurrency market in its entirety – but some memecoins have acquired high market capitalizations.
The WAO Coin should not be a meme coin by law, as these are often considered digital goods without a “clear objective or substance”, which is not the case with the WAO Coin.
But in terms of distribution and popularity, it could be helpful if there is an internet meme behind the WAO Coin. If you have any ideas, please let us know!

Evaluating Contributions
Members should exercise restraint when evaluating contributions from other members. If the number of points awarded is several times higher than the value of the capital, the token will have difficulty reaching higher valuation levels, which would be counterproductive for all members.

Since you cannot change your vote after the fact, members should wait until some member contributions have been collected before voting for the rating. Then, in a direct comparison, it is really easier to decide which contributions are helpful and constructive and should be rated with more than one point.

Discussion
The idea described above involves a points system that rewards financial participation and active participation of members and provides a way to convert these points into tokens. The proposed mechanisms for determining and adjusting the value of the token can be discussed in the forum. As soon as there is enough money for lawyers or suitable employees come together, it can be examined how the idea can be turned into reality.

An important task would be to represent this idea graphically. Many people grasp an idea faster and better this way.
More tasks >>

Legal advice will show whether the token should be issued first or whether it is better to establish a public company first. Both together could be the best solution.

The term “coin” is used here because most people have a general idea of ​​what a crypto coin like Bitcoin is. However, our coin is more precisely a token, more precisely a utility token. Strictly speaking, every cryptocurrency is a token, although the term is no longer used in this context today.

Both coins and tokens represent value and can be used for transactions, similar to digital money. The cryptographic techniques used for cryptocurrency transactions allow trading without monitoring by a third party, such as a bank.

While coins represent cryptocurrencies in digital form, the definition of tokens is much broader as they can represent any type of value. Utility tokens are the most common form of tokens and allow their owners to access a product or service. Therefore, utility tokens are often used in “initial coin offerings,” where young companies want to raise capital by offering utility tokens to their investors.

Our utility tokens could make it cheaper to buy shares in The WAO company. If you do not have enough capital to buy discounted shares, you have the option to sell your right to the cheap shares as the WAO Coin has a tradable value.

At the time of this article, creating your own ERC20 token costs around $500. In addition, there are costs for a lawyer to cover the legal and regulatory implications of distributing the token. In total this will probably cost more than a thousand euros. As long as the WAO.org project does not yet have a significant following, there is no point in spending this money.

The question of whether a token should be first issued or an AG should be founded requires detailed consultation with lawyers and tax advisors.

Note:
There is normally a requirement for a prospectus when issuing a token. The creation and submission to the supervisory authority costs at least €10,000. However, publication may not be necessary.

In the case of crowdfunding within the meaning of the Asset Investment Act,
the obligation to publish the sales prospectus can be excluded if the issuer meets special legal requirements. This is the case, for example, if the issuing company is a social project or the initial coin offering qualifies as crowdfunding within the meaning of the Capital Investment Act. Depending on the individual case, it may therefore make sense for a company to adapt its business model with regard to these legal privileges.

We will seek advice on this.

https://www.rosepartner.de/startup-gruendung.html