World Sports Alliance (WSA), an intergovernmental organization (IGO) comprised of 33 Member-States with a balance sheet that exceeds USD $120 Billion, is the fiscal sponsor of the ῙGObit digital token. World Sports Alliance IGO was formed in 2007, as the result of a public-private, multi-stakeholder partnership initiative under the auspices of the United Nations Department of Economic and Social Affairs (UN-DESA) and the International Association of Economic and Social Councils (AICESIS). WSAIGO is a diplomacy platform that promotes youth sports as a socio-economic mobility tool, and exists in furtherance of the United Nations Sustainable Development Goals (UNSDG’s). As an Intergovernmental Organization, or “IGO”, WSA is considered an international personality and carries diplomatic status within its Member-States. As an independent IGO, WSA operates free of special interests and acts as a fair financial participant in various public-private partnerships (PPP) around the world. The ῙGObit digital token is fiscally sponsored by WSAIGO, and is an attractive and compelling offering from both an economic and social perspective.
ῙGObit represents an exclusive chance to participate in ecofriendly, high-tech, socially conscious projects via a secure, digital platform that offers the opportunity to be a part of impactful initiatives, while mitigating some of the risks of direct financial participation. ῙGObit is powered by the Stellar Network and functions as a payment utility token, similar to Bitcoin, and is equipped with a multi-wallet capable of converting cryptocurrencies, and fiat money (ex. USD, EUR). The stored value inside of the wallet is highly fungible through its connection to a physical and/or virtual debit card linked to the Visa/Mastercard network. The ῙGObit wallet is available as a web app through desktop or mobile devices and comes with additional security through its partnership with a virtual private network (VPN) provider. ῙGObit has the potential to bring about a paradigm shift in the services available to underbanked financial markets, and will serve as an economic empowerment tool for billions of individuals worldwide.
The ῙGObit token is expected to have widespread use, as proceeds from the ICO will fund commodities exchanges in emerging markets, banking initiatives (incl. debit and credit cards), power and water infrastructure projects and next generation energy technologies, all in support of youth athletic facilities based on Olympic sports, youth education programs (incl. video games), as well as health and wellness initiatives for all ages. To put its potential into perspective, the daily turnover from the commodities exchanges in Africa and Latin America should provide a steady yet high amount of volume, which will further enhance ῙGObit’s use as a micropayment network and store-of-value. The Stellar Network hybrid blockchain will facilitate cross-border payments, property rights transfers and proof of ownership validation in connection with payments, remittances, commodities, real estate and other valuable properties in new markets. As result, emerging markets will receive access to direct markets and fair pricing on exchanges allowing for wealth creation, increased economic inclusion, and general prosperity. ῙGObit’s planned use-case will directly affect over 500 million people in over 30 countries, making it the largest digital token for sustainable development.
The Stellar Network’s distributed ledger technology will give ῙGObit users the means to unlock trillions of dollars in economic value by facilitating low cost, real-time transactions between diverse and unrelated counterparties. Many emerging markets are overlooked by capital investment and loans because of the lack of clear and reliable records as it pertains to the true identity of legal owners of real estate and other valuable property. ῙGObit will address this issue by utilizing the Stellar Consensus Protocol to record property title and ownership rights. This simplifies transactions and establishes trust, whether it be through payments, ownership transfer, direct lending, or equity participation. Thereby, new market entrants will be empowered to participate in the traditional banking system and other pools of liquidity, where in the past they may have been excluded from access to capital sources.
ῙGObit offers another key advantage; diversified exposure to multiple projects and next level technologies covering a broad range of sectors, industries and uses, which further mitigates risk to ῙGObit participants. Token participants benefit from the World Sports Alliance IGO status and the private-public partnerships within IGO Member-States, who are financially and socially incentivized to use IGObit. This unique relationship immediately offers an opportunity for a potentially large number of ῙGObit users, which in turn, directly increases the potential token value for participants as the ecosystem grows in size and scope. As a result, participants in ῙGObit have the opportunity to be financially rewarded for helping others while improving and sustaining life on our planet.
The ῙGObit token offers emerging markets the opportunity to participate in the 4th Industrial Revolution. The Stellar Network mitigates risks traditionally associated with projects in these jurisdictions by creating trust and consensus via cryptographically secure distributed ledgers. The entire WSAIGO ecosystem will be denominated in ῙGObit, which has the support of the WSAIGO, its affiliated partners, and majority of its Member-State nations around the world. Being sponsored by WSAIGO, ῙGObit exists to further the United Nations Sustainable Development Goals and is a means of financial and social empowerment through inclusion and equality for billions of people. The ῙGObit ICO will help foster economic prosperity worldwide, and the social justice implications are far reaching.
ῙGObit will help to end hunger, poverty, social injustice and the destruction of the environment, as well as decrease financial inequality around the world! Download the whitepaper at:
http://igobit.com and become part of the solution.
Recent Press Releases:
WSA World Economic Forum Presentation:
https://www.prnewswire.com/news-releases/world-sports-alliance-treasurer-mr-asa-saint-clair-to-speak-during-the-2018-world-economic-forum-davos-300580493.htmlWSA meets with Sports and Education Ministers from the African Continent
https://dailytelescope.com/pr/secretary-general-of-the-world-sports-alliance-meets-with-the-sports-and-education-ministers-of-the-african-continent/47003
