WaterCoin is the world’s first digital currency supported by verified Water reserve assets. WaterCoin enables individuals and organizations to utilize a transparent peer-to-peer exchanged digital currency with intrinsic value based on Water – the most liquid and actively traded commodity and critical resource for the global economy. Each WaterCoin represents the value of those water reserves and will be supported by an undivided interest in a bundle of Water assets including physical Water, Water futures and interests in Water producing properties (sources) as well as even Water botteling facilities with an aggregate value approximating the aggregate value of all WaterCoin in circulation.
Basis of Watercoin
WaterCoin has been structured with a view towards becoming the world’s leading safehaven tokenized store of value. By linking each WaterCoin token to existing and verified real world assets, WaterCoin enables holders of digital and Fiat currencies seeking to preserve wealth, lock in gain and/or avoid loss to acquire, hold and transfer intrinsic value in digital token form.
In order to meet increased demand over time, the number of WaterCoin in circulation and their supporting Water reserves/assets are able to expand in tandem to maintain an approximate equilibrium between the USD price of a single WaterCoin and single liter/gallon of Water on global markets without diluting the interests of existing WaterCoin holders. The embodiment of WaterCoin’s store of value in a transferable digital token will enable holders to preserve wealth and engage in commercial and consumer transactions while avoiding volatility, inflation and devaluations associated with other digital or national Fiat currencies.
WaterCoin is founded and coordinated by a fully transparent, experienced and highly reputable team who will manage the operations and development of WaterCoin and act to ensure compliance with all applicable laws in any jurisdictions. The WaterCoin team will include professionals with significant responsibilities in the fields of global financial regulation, compliance and management.
WaterCoin will also help humans in geographical regions suffering with no access to clean drinking water to be able to benefit from the success of watercoin.group and be able to get access on a regular basis to high quality embottled drinking water.
The Component with the doubtless highest potential to be able to shift current balances is the creation of a self-depreceating Waterclaim. Watercoin intends via a Smartphone App to give access to clean drinking water to any human being in regions with basically no access to drinking water.
Basis and Issue of Watercoin
The maintenance of WaterCoin’s Water reserves will be compliant with laws governing transactions in commodities, (including the U.S. Commodity Exchange Act). Financial statements related to WaterCoin and its Water reserves will be prepared in accordance with international generally accepted accounting principles, will be audited by a leading global accounting firm, and are expected to be published periodically. WaterCoin will comply with all international applicable tax laws of any other jurisdiction and will support record keeping and transparency to allow all holders, purchasers and sellers of WaterCoin to comply with their applicable tax reporting obligations. WaterCoin’s unique entity structure is expected to provide a simplified approach to taxes for investors seeking to hold investments in Water.
WaterCoin will be driven by Ethereum-enabled blockchain technology in order to provide a robust and decentralized method of verification, tracking and exchange. The Ethereum blockchain is expected to provide an auditable and cryptographically secured global ledger and will facilitate transactions with other familiar currencies and assets. In addition to the Ethereum blockchain, WaterCoin will utilize audit methods to ensure that issued tokens are supported by sufficient Water reserve assets at all times. WaterCoin will provide incentives to purchasers and sellers through customary sharing of transaction fees in the form of issuances of additional WaterCoin.
At its core, WaterCoin represents the peer-to-peer transferability of digitized commodity value. WaterCoin’s unique structure, verified intrinsic value and stable price provide meaningful economic benefits to its holders, purchasers and sellers. In particular (i) WaterCoin will be a reliable store of value, medium of exchange and unit of account, (ii) WaterCoin will enable holders of other digital or national currencies to lock in gains and/or protect against ruinous declines in value due to inflation, volatility or currency devaluation, and (iii) WaterCoin will be an effective and tax advantaged economic proxy for investments in Water, and to the extent of their positive correlation with Water, other commodities. These characteristics, together with a continuous focus on transparency and regulatory compliance, position WaterCoin to be become the leading safehaven digital reserve currency capable of appealing to global investors and consumers regardless of size, sophistication or capital base.