Rather than confusing, hard-to-remember addresses, WorldBit utilizes an intuitive username system that is both familiar and secure.
Finally, something to spend your crypto on. Take control of your coin by selling your goods and services in our market, only available to WorldBit holders.
We are working on a hybrid token similar to the IICO token (Buterin and Teusch) with elements of the Bancor weighted token and setting up our valuebit exchange for this class of token. This will enable tokens to act differently in different locations according to a registry of rules and local laws.
You don’t need to be a programmer to understand and use our intuitive Smart Wallet. Our features are optimized for any level of user.
WordBit creates a regulatory token solution for authorizing different behavior or capabilities of the token based on source and target legal jursidcitions.
WorldBit is acquiring a mining farm and blocks of tokens to serve ValueBit exchange, where you can use WBT tokens to purchase mining hashrate if you are clear to own unregulated security tokens in your jurisdiction.
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Decentralization And KYC
WORLDBIT (WBT) MERCHANDISE IS TOKENIZED USING A CLICK-THROUGH LEGAL AGREEMENT TO ASSIGN GOODS FOR BROKERAGE ON THE WORLDBIT PLATFORM.
There is no way around KYC for there to be a safe place for users to do business. This isn’t a political platform, it’s not an ideology, it is not a forum for thieves to gather. It is a place to safely buy and sell things. Therefore this is not fully a cypherpunk ideals project- it is built with a mindframe of Business 101 and could be seen as a hybrid crypto company. It is a community of trusted parties that do what they say, and that can be verified. It is not a company in search of a use for a token, and its tokens hold a mandate to provide intrinsic value.
We are using business methods and business thinking by business people to establish an exit strategy for you the investors, like any fiduciary should consider. We are using a methodology of acquiring other companies and coin systems as our business model.
WorldBit provides a decentralized marketplace with built-in measures to ensure that the market environment is safe for both buyer and seller. Users are created through a KYC process from the onset to encourage responsible use of the system.
Users then create sales “portals” and “objects” which are deployed on a GPS grid and are navigated in a mobile application.
Our balanced approach towards decentralization and KYC is important for both rating buyers and sellers, as well as determining legality of products within jurisdictions.
Multi-Blockchain Asset Support
The WorldBit Coin blockchain stows assets across multiple blockchains. WorldBit is currently built from Ethereum ERC-20 Tokens with stowage of key info in an encrypted blockchain on ipfs, SiaCoin and Amazon EC2.
Decentralised Security Smart Contract (DSS)
You are the holder of the DSS key and in full control of your funds in your control panel. You can fine tune your security settings at anytime for the smart contracts. From spending limits to withdraw settings, this is all controlled by our open source token management system for business.
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The platform connects assets and businesses on blockchains to the real-world in a decentralized manner. Developers can develop security smart contract modules, businesses can connect their users and usecase to real world payments.