If you have Knowledge worth to share, WITCOIN might interest you.
WIT is the coin that rewards Knowledge.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WHAT IS WITCOIN?
No doubt we are entering in the era of the Knowledge Economy along with so many technological and societal excitement. ‘No difference’ from past eras of human history, where people lived the industrial revolution, or the Internet revolution, when knowledge made a difference as it is making now at the dawn in the Knowledge Economy as an extension of the Information Society in the Information Age led by innovation.
We think of knowledge as the currency that enables everybody to get the best of the new global economy. This new kind of currency enables anyone and everyone to participate or contribute with knowledge as an asset or capital.
There is growing awareness that a sort of Knowledge-Based Capital (KBC) is driving economic growth and is gaining prevalence in today’s global marketplace. KBC includes a broad range of intangible assets, such as research, data, software, and design skills, which express human ingenuity. Unlike labour, natural resources, and physical capital, KBC is the only factor of production that will not suffer from scarcity. The message remains clear: to promote long-term growth and the jobs of tomorrow, public and private bodies, or self-organizing communities, must ensure a policy framework that helps businesses invest in KBC, companies to adopt KBC-friendly policies, and individuals to become accustomed to making a living with their knowledge.
KBC requires multiparty collaboration to yield fruits. This is, involving other parties (AKA peers) when developing new products, services, and technologies. These peers are knowledge providers and also consumers. Therefore, the Witcoin platform is a proposal of acknowledgement and reward of peers doing Knowledge Appraisal and Transfer. The reward is with Witcoins (WIT), a token based cryptocurrency backed by knowledge.
A Wit is by definition “stuff that makes sense (to someone else).” Knowledge is considered to make sense when it proves useful to the peer community, and acknowledged by citing and referring it. These acts of acknowledgement will be confirmed by the Witcoin platform, backed by Blockchain technology, and therefore the author(s) will be rewarded in WIT currency.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
HOW WITCOIN WORKS?
Wits are knowledge that makes sense. Knowledge definitely makes sense when someone else cites or reuses it. There is a potential risk on this, because once knowledge is disclosed, it can be copied an infinite number of times, and with such abundance, its value tends to zero. Witcoin solves the problem of converting knowledge into currency because there is an effort to absorb this knowledge. This effort becomes an indirect measure of knowledge, as the more knowledge there is, the more there is to absorb. Thus, Witcoin is related to the effort of digesting knowledge that makes sense to someone as a measure of the absorption of knowledge because it has made a difference to somebody. Therefore, the more some disclosed knowledge makes a difference to someone else, the greater its acknowledgment in WIT, which are created specifically to reward the usefulness of knowledge.
In this context, Witcoins are designed to promote and reward individuals for the validation of their ideas, creations, and activity with IP assets. Whenever a user cites someone else’s Wits, the owner(s) will be rewarded to recognize their contribution and their knowledge usefulness.
Witcoin will resolve the value of Wits by the following mechanism: Witcoin make possible to register Wits (knowledge) on the Blockchain. Then, it will be recognized that a wit WA created by X is useful to Y when the latter registers a new wit WB explicitly citing WA. WB might be: 1) a post in a collaboration space; 2) any content ideated or created thanks to the exposure of WA to Y; 3) a partnership agreement among different partners where WA is mentioned; or 4) a scientific publication where WA is cited. For further details please read our Whitepaper.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
THE WIT TOKEN
| - The initial supply will be 288.000.000 WIT.
- 1.000.000 WIT will be distributed on the PRE-SALE at advantageous rates.
- Up to 8.000.000 WIT will be distributed during the 1st TOKEN CROWDSALE phase.
- The rest of the initial supply of WIT will be distributed during the 2nd and 3rd phases planned in 2018.
- There will be an additional supply based on the activity in the future Witcoin platform, details are available on our Whitepaper.
|  |
| oooooooooo | oooooooooooooooooooooooooooooooooooooooooooooooo | oooooooooooooooooooooooooooooo |
| - We accept the following coins: ETH, BTC, XMR, DASH, LTC, BCH, BNT and ANT.
- The minimum transaction amount for participation on the sale is the amount equivalent to 100 WIT. There is no maximum transaction amount.
- Pre-sale will start on Tuesday 10th of October at 07:00 GMT
- Access to the pre-sale will be given prior to registration. Register Now!
- Discount bonus rates will be applied on the PRE-SALE depending on the achieved goal:
| ooooooo | 0 – 250,000 WIT -> 30% discount (1 ETH = 1,250 WIT)
250,001 – 500,000 WIT -> 25% discount (1 ETH = 1,175 WIT)
500,001 – 750,000 WIT -> 20% discount (1 ETH = 1,100 WIT)
750,002 – 1,000,000 WIT -> 15% discount (1 ETH = 1,000 WIT) |
- We will apply additional bonus equivalent to the number of tokens bought in a single transaction:
| ooooooo | 0 – 8,000 WIT = no bonus
8,001 – 80,000 WIT = 5% additional WIT
80,001 – 800,000 WIT = 10% additional WIT
> 800,001 WIT = 20% additional WIT |
| |
| oooooooooo | | oooooooooooooooooooooooo |
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PROJECT ROADMAP
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BOUNTY PROGRAM
Check our Bounty Program HERE!. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
THE TEAM
Dr. Víctor Torres / R+D Manager
Dr. Víctor Muñoz / Software Developer
Dr. Andrés El-Fakdi / Assistant Professor & Researcher
Xavi Tarrès / Senior Project Manager
Adrià Llorens / Software Developer
David Bruguera / Software Developer
ADVISORY BOARD
Dr. Peplluís de la Rosa / 
Erik Vollstädt /
Riccardo Bonazzi / Online CV
Rogelio Segovia /
James Stodder /
Marc Torrent /
POST TRANSLATIONS
