SUBSTANTIAL MARKET OPPORTUNITY FOR THE DEVELOPMENT OF A LEGALLY COMPLIANT, INTRINSIC VALUABLE DIGITAL CURRENCY
Most estimates of global wealth far exceed USD 200 trillion, with a substantial portion held by banks, sovereign entities and similar financial institutions in the form of Fiat currency, corporate and real estate debt and equity, securitized consumer debt, and interests in commodities. The migration of interests in these assets into digital currency through blockchainenabled applications represents an enormous opportunity for early supporters of WaterCoin to help create, develop and profit from the development of what is designed to become the most broadly and globally accepted digital reserve currency. While speculative interest in digital currencies will continue to expand rapidly, there has been limited mainstream adoption of digital currencies for a variety of reasons, including volatile price swings, insufficient general understanding of blockchain technology, and difficult interface for non-technical users in ordinary commercial transactions.
These issues are being addressed rapidly and by an increasingly sophisticated group of individuals and firms dedicated to expanding the mainstream use and acceptance of digital currencies. Various governments are supporting adoption of blockchain enabled peer-to-peer transfers by enacting legislation designed to facilitate trade in select digital currencies. Some governments even support to issue crypto currencies themselfs. For example venezuela.
Articulations of the concept of asset-pegged digital currencies date back at least as far as the Mastercoin white paper authored by J.R. Willett in January 2012. Since that time, a number of asset-pegged digital currencies have been introduced. As the market for digital currencies developed, various digital currency exchanges grew to allow users to convert digital currencies into Fiat currency, other digital currencies, gold or other assets. WaterCoin significantly expands upon these developments by linking a digital token to the value of underlying Water reserve assets.
While all financial institutions and commercial vendors accept Fiat currency as payment for assets and services, many have refused or are unable to engage in transactions involving digital currencies. WaterCoin advances upon other digital currencies which enable direct, opensource, cryptographically secure, peer-to-peer transfer by enabling digital transfer of underlying asset value in the form of digitized value of Water. WaterCoin’s future development will be structured to help harmonize these two globally significant but presently separate payment systems in two critical ways. First, by establishing certainty regarding the legal right to transfer WaterCoin throughout the world to the maximum extent possible while promoting and ensuring the transparency of all WaterCoin related assets and operations. And second, by utilizing WaterCoin’s substantial Water reserves as a means to facilitate commercial and ordinary consumer transactions around the world. The WaterCoin team has developed the legal and commercial framework and structures to accomplish these important goals and expects to introduce and explain its methodologies following the introduction of WaterCoin into commerce.
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Increasingly, global regulators are heightening their scrutiny of transactions wherein digital currencies are converted to cash through online exchanges. As a consequence of the difficulties in many jurisdictions to freely convert digital and Fiat currencies, holders of digital assets seeking to lock in investment gains in other digital currencies or preserve the value of their digital holdings will seek alternative digital currencies for the secure preservation of wealth. As the most globally useful, highly liquid asset, Water serves as the most secure commodity to which a successful digital currency can be linked. As the leading legally compliant, reserve digital currency, we expect WaterCoin will become a critical instrument for preservation of wealth and an ever-expanding range of commercial activities using blockchain technology for digitized stores of value.