WaterCoin is Supported by Substantial Intrinsic Value Almost all Fiat and digital currencies lack the support of any tangible asset. Fiat currencies are too frequently short-lived, are highly vulnerable to the oft-repeated cycle of inflationary pressures followed by dramatic revaluations, are exposed to political control, monetary policy management and adverse political or economic events, and are supported solely by the full faith and credit of the issuing nation. Similarly, digital currencies are highly vulnerable to volatility or a collapse in value due to adverse supply and demand dynamics and, at best, merely represent an interest in the future business prospects of the issuer or the users of the currency. In contrast, WaterCoin is a digitized interest in equivalent reserve cubic meters of Water and is free from the external risk of governmental intervention affecting the valuation of Fiat currencies or the extreme volatility faced by digital currencies due to rapidly changing supply and demand dynamics. WaterCoin offers all of the advantages historically associated with blockchain enabled digital currencies while providing a fully verifiable and audited asset reserve to ensure its value, stability and security as a leading medium of exchange.

Many government regulators and detractors of digital currencies have pointed to their lack of intrinsic value as an indication of fraud or harbinger of collapse. By pioneering the first Swiss domiciled, regulatory compliant, asset-supported digital currency, WaterCoin will open the use of digital currencies to a significant portion of the global trade and financial markets that have previously shied away from full-scale adoption.

WaterCoin fully supports use of a public blockchain as a means to facilitate private exchange and fundamentally believes that blockchain technology will permeate the transfer of data and value over the coming years and decades. WaterCoin is committed to working with domestic and global governmental agencies, financial institutions, traders and users of commodities to develop protocols to help facilitate WaterCoin’s adoption as the leading digital reserve currency.

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The WaterCoin Team is Fully Transparent and Committed to Legal Compliance Digital currencies are frequently praised for providing a number of significant advantages compared to the current financial system. These include (i) ownership and peer-to-peer exchange based on cryptographic proof rather than efforts of “trusted third parties”, (ii) immunity from governmental interference and regulatory compliance, and (iii) anonymous, borderless transferability of value and free convertibility to other assets. Even casual observation of the state-of-play in the current global cryptocurrency markets leads to the conclusion that these laudable ideals have not yet been realized. In particular:

Virtually all digital currencies have been backed, designed, built and managed by an individual or small team (not always identified), and leading digital currencies are frequently transferred via exchanges or wallets rather than directly peer-to-peer. In other words, there is a “trusted third party”. However, the principals behind those third parties and their motivations are often wholly or partly unknown, and in most instances have not been subject to governmental or private scrutiny. Cryptographic proof of existence and exchange provides assurances of existence and exchange, but nothing more. Rather than abide by the fiction that there is no trusted third party necessary to facilitate trade in digital currencies, WaterCoin recognizes that current digital currencies could not exist without trusted third parties, and therefore will actively seek to foster that trust by providing transparent leadership and complying with applicable securities, commodities, tax and currency regulations.

Issuers, buyers and sellers of digital currencies have long acted as though they are immune from governmental regulation, and have executed strategies to preserve secrecy and avoid governmental disclosure and legal compliance. While this may be an acceptable risk for individual digital currency speculators and miners, particularly those residing in jurisdictions with limited regulation and lax enforcement, global financial institutions and individuals with the need or desire to comply with laws will increasingly move to digital currency platforms that they believe are trustworthy and help insulate them from the adverse consequence of shifting government enforcement of laws and regulations. WaterCoin is committed to legal compliance for itself, the
exchanges on which it trades and its holders, buyers and sellers.

Many early adopters and current users of digital currencies have been attracted to the perceived anonymity of transferring value in an undetectable manner. While legal enforcement to date has been sporadic, inconsistent and in some instances unpredictable, the exponential growth of digital currency assets can lead to one conclusion only: increased governmental regulation and enforcement for the protection of the holders of digital currencies and society at large. A combination of regulatory regimes is likely to make it increasingly difficult (and potentially illegal) to anonymously transfer substantial stores of value. While WaterCoin is committed to facilitating pseudonymous peer-to-peer exchange of value, it will do so in compliance with regulations governing such transfers. WaterCoin believes that transparency goes far beyond verification of the number of outstanding or available coins. By providing the fair and accurate disclosures required under common WaterCoin is positioned to become a global leader in setting the standards for transparency and disclosure for digital currencies, thereby accelerating WaterCoin’s use in worldwide commerce.