One World Token ICO at Glance

Initial LCS price after ICO:Decided by free market
Purchase Methods: We accept ETH
Pre ICO & Private Sale: 6/4/18–00:00 to 4/5/18–24:00
Token sale begins: 1/7/18–00:00
Token sale ends: 1/9/18–24:00
Symbol: ECS
Max Token Supply:
100mln (75mln available during sale) ERC20 tokens
Team allocation: 10mln (15%). From total LCS Tokens allocated to team members
Pre ICO value:
​Dutch Auction, 400% bonus first 2 weeks 200% bonus second 2 weeks
ICO Value: Dutch Auction
Soft cap of 7500 ETH

Creating the Solution

One World Token (OWT) is an Ethereum based token with a stable, fixed-income backed floor that provides an intrinsic, United States Dollar (USD) based value for the token. Through two systems, Proof of Floor (PoF) and Proof of Buyback (PoB), users will be confident in both the existence and state of the portfolio backing the value of OWT, as well as our company’s obligation to fulfilling all buybacks submitted to the OWT contract. We believe the implementation of a fixed income backed token on the blockchain, can provide a multitude of utilities to the Ethereum community, increasing synergistic effects and promoting the general health of the ecosystem.
Equal Shares Credit (ESC) is the company that will produce OWT and oversee its execution as a project.

How does the project create value to the ecosystem and differs from competing projects:

Collateral: OWT, with it’s stable floor price, is the perfect asset to be used as collateral against a loan. Currently many lending systems use tokens with fluctuating price as collateral, which can be beneficial for the lender or absolutely ruin the platform. In recent months, both the price of tokens and Ether have decreased, but at such a rate that it may be profitable for those with loans to default on them and keep the Ether instead of retrieving the tokens. By using OWT as the collateral on a loan instead, whether the user with a loan defaults or not, the lender can be sure that the collateralized value is maintained (or even somewhat increases). This represents a vast improvement over the current situation, as in the case of recent months, the OWT that was collateralized will have more value than the Ether that was lent out, and so the user with the loan is incentivized to repay it in full, and retrieve their OWT tokens.

Stable Store of Value: Along with it’s perfect use as collateral, OWT also represents the perfect asset to store value in during times of economic unease in the crypto-economy. Investors in cryptocurrencies are always trying to catch the lows and sell on the highs, but when they sell, they are still left with an asset that can change in price (whether BTC, ETH, or otherwise). By selling a cryptocurrency for OWT instead, the seller can be confident in knowing that the value of his or her investment will stay secure even if the rest of the market does poorly.

Safe Investment in a Portfolio: With OWT’s value backed by a diversified portfolio of fixed-income assets, it’s comparable to a standard bond in terms of security, while still being a cryptocurrency. We believe OWT will represent a huge investment opportunity for those wishing to have a safe source of slow growth on some percentage of their assets. We also envision other currencies established as stable coins, to be able to use our token (along with others) as an asset to back the value of said currency.
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Enables E-commerce on the Blockchain: OWT will have a consistent and slowly increasing price floor making it a great asset to be used in E-commerce. Instead of contracts attempting to stay up to date with the price of Ether (or some other asset) and price based on that, OWT can be used knowing that the floor price won’t change drastically in future months. Beyond that, the value of the currency used to purchase the produce or service, can’t immediately devalue causing a loss for your company. Our team aims to provide functions in the OWT contract in order to poll the current USD ◊ OWT price as well as the reverse pairing, in the hopes that contracts could still calculate their prices if they wish, but in OWT and without an oracle that must be trusted.

What has been done so far?

​Development on the exchange platform began in March of 2018. The main part of the process so far has exclusively focused on the back-end development of the smart contracts. This has been done to ensure that upmost security has been implemented from day 1. Future steps include onboarding team members using funds from the Pre-ICO to implement a cleaner front end.

Supply

• 100,000,000 total supply


• 75,000,000 in crowdsale


• 15,000,000 goes to team


• 6,000,000 goes to advisors


• 4,000,000 goes to future Corporate expenses

Token usage

Use of ESC include the portfolio returns from dividend payments, potential capital gains from future increases in price, and unique access to a private marketplace where OWT can be purchased.

1. Portfolio return in the form of dividend payments derived from a 0.01–0.1% transaction cost with each transaction of OWT. This dividend will be paid out proportional to the amount of ESC a holder has.


2. Capital gains. The overall price of Equal Shares Credit lies much higher than the $10 mln expected to be raised from ESC as it is a function of the amount of OWT traded by volume per day which is projected to incentivize a much higher value than the $10 mln expected to be raised.


3. Any holder with at least 1000 ESC tokens will be able to purchase OWT received from buyback via an internal exchange, prior to it being listed on the open market. This benefit is provided to our token holders in order to allow those who require OWT tokens for use in platform or who simply want tokens immediately.

Links:

Website link: https://www.oneworldtoken.com

Email: raphael@oneworldtoken.com

Link to tokensale: https://www.oneworldtoken.com/?look=ico

Link to whitepaper: https://www.oneworldtoken.com/res/whitepaper.pdf