What is World Token (WORLD)

Efficiently advertised and with a merchant system on the roadmap, it is a project for the people who are already knee-deep in the Ethereum ecosystem also including the common consumers who are new to Ethereum and the crypto currency market - Broadening our audience and boosting the introduction and awareness into the WORLD of crypto currency.

A 3% transaction tax goes to holders (later on merchants too), stakers, and a perpetual marketing and development fund. This project is built to keep going and continually expand further until it has its own ecosystem to call its own.

The $WORLD system guarantees token rewards to LP stakers on every block, regardless if there was a $WORLD transaction on it or not. Under the same system, rewards will scale as the project grows, whilst ensuring the rewards pool can never run out

Tokenomics

TOTAL SUPPLY: 100,000,000

PRESALE: 40,000,000

PRIVATE SALE: 25,000,000

INITIAL MARKETING: 23,000,000

INITIAL UNISWAP LIQUIDITY: 10,000,000

INITIAL BURN AND REWARDS POOL: 2,000,000

20M marketing tokens will be locked on Team.Finance during presale and until after listing on Uniswap.

No additional minting and all rewards will come from the token tax. Each transaction made on $WORLD tokens will incur a 3% tax on all transactions. For example, sending 100 $WORLD from wallet A to wallet B will have wallet B receiving net 97 $WORLD tokens.

3% tax on all transactions

‣ 1% goes to Marketing Fund

‣ 1% goes to Regular Holders

‣ 1% goes to Liquidity Pool Providers

Staking, Rewards, Burn

Frictionless Staking

Anyone holding the token will receive rewards, except the Marketing Fund address (it will be blacklisted for this function). If you own 5% of the supply, you will receive 5% of the 1% holder’s rewards, plus a bit more since the marketing fund will not receive any rewards. There is no need to deposit tokens into any contracts, simply keeping the tokens in any ERC-20 wallet will reward holders with more tokens.

Liquidity Provider Rewards

Depositing Uniswap LP tokens for the ETH-WORLD pair into the website/farming contract will also reward users with another 1% pool. Every block, 1% from every $WORLD token transaction is sent to the LP Rewards pool contract. At midnight every UTC, the system takes account of the total amount of the pool, and this slices 1% from it as the upcoming day’s rewards on every block. This way, every day 1% of the total reward pool will be sent as rewards to the LP providers, whether or not there was a $WORLD token transaction on that specific block. This ensures LP providers will get a guaranteed reward on every block, the reward scales higher as the pool gets larger, and that the reward pool will never be drained.

The accrued rewards are displayed on the user dashboard on the website and is claimable any time without fees, outside of the ETH network fee(gas) for claiming. This pool is reserved entirely for LP providers. At any time, there may be 100 holders and 2 LP providers and in which case the LP providers would earn more rewards than holders. On the first day of launch, 1 million tokens will be immediately assigned to the contract to start the rewards pool immediately.

Sample Computation:

Assuming zero transactions and a 1000 reward pool:

Today at 0:00 UTC: 10 tokens divided by the next 24 hours of blocks (which is 6544, but may change according to the network) = 0.001528 per block today.

Next day at 0:00 UTC assuming no rewards are added: 1% of 990 = 9.9 tokens divided by 6544 = 0.001512 tokens per block on this day.

Burn Address

At Uniswap Listing, World token team will be burning $WORLD tokens to start this off.

1% of all supply (1 Million $WORLD tokens) will be sent to the  burn address and this address will continue to grow with each passing transaction, as part of the holders’ rewards.

Partnerships and Merchants

In this phase, merchants will be incentivized to accept World tokens with their registered ETH address due to their higher reward pool rates, which in turn promotes a slower sell rate (as opposed to receiving $WORLD then dumping the entire amount right away).

Here at WORLD, all our merchants will undergo a stringent screening process; merchants will need to apply with an existing web store with at least three (3) months of business activity and have to provide their sales history for the past month.We will also be accepting merchants with less than three (3) months of history, depending on their following and/or customer base. All related factors will be taken under manual review for each merchant.

Revised 3% tax to all transactions

‣ 1% goes to Marketing Fund

‣ 0.4% goes to Merchant Holders

‣ 0.6% goes to Regular Holders

‣ 1% goes to Liquidity Pool Providers

More information will be finalized and released about merchants, stores, platform, and pricing when this phase nears.

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