WALL STREET COIN Whitepaper v 1
WALL STREET COIN 2
4. Abstract 5. The Wall Street Coin Ecosystem 6. Mission Statement 7. Wall Street Coin Business Model Wall Street Coin Whitepaper Content 8. Markets 10. The Problem Definition 13. Wall Street Coin Solutions 18. What is Wall Street Coin? 19. Initial Coin Offering 21. Roadmap 22. Token Distribution 23. Funds Distribution 24. Conclusion 25. Get in touch with us 3
Abstract The evolving possibilities of technology have become remarkable, especially in the finance sector is one with significant effect. The Blockchain technology has taken the world by surprise and it has indeed proved its worth in various sectors. The stock exchange market is the next sector in which the Blockchain technology seeks to invade with unlimited promissory benefits. The stock exchange market or the stock market is where the buying and selling of stocks and other securities occur. It gives companies the opportunity to sell a part of their company s ownership to individuals called stakeholders and by doing so they get money in return. In the stock market, there are a lot of intermediaries and middlemen who assist in the seeing of a successful exchange, however, they take a fee or commission. These individuals are referred to as stock brokers as they are saddled with the responsibility of selling and buying securities for investors. The presence of a middleman in the stock market comes with a lot of disadvantages ranging from huge cost as a result of their commission, security and survival, wrong consultancy prediction etc. These problems are thus what the Wall Street Coin through the help of the Blockchain technology on which it is built on seeks to correct. The Wall Street Coin is thus dedicated to use the smart contract feature of the Blockchain technology to raise and enhance investors to see the opportunities present in the stock market. In essence, the Blockchain technology can be utilized to answer issues of interoperability, transparency and trust. The long chain of process involved in having a successful transaction as a result of the numerous intermediaries, trade clearance operations and the regulatory process also is what the Blockchain technology seeks to correct. With the wide range of benefits available at the disposal of the Blockchain, the stock exchange could be at its best through decentralization and automation, reduction of cost imposed on customers, secured transfer of ownership and much more. The implementation of the Blockchain is definitely the next reasonable step in the development of the Wall Street Coin platform as it aims to solve many of the problems encountered during exchanges that take place in today s stock market. 4
The Wall Street Coin Ecosystem The Wall Street Coin ecosystem builds its crypto network on the Ethereum Network where every information about every transaction is recorded on the Blockchain and is visible for everyone to see. Therefore, there is room to operate within a robust and resilient Peer-to-Peer network without having to pay a dime to any middleman, thus allowing investors to avoid deceitful stock selling campaigns and invest directly on startup businesses of their choice. The Blockchain technology aids the Wall Street Coin ensure transparency of every stock investments and their complete security. As of now, the brokerage firms possess a massive amount of economic and political power which is growing exponentially as a result of the centralized system they have developed to operate in. A major problem of this centralized system is its vulnerability, which brokerage firms have leveraged upon to manipulate the value and prices of shares and other conditions in a way to magnify their profits at the expense of the investors. With our Wall Street Coin network algorithm, companies with great expansive ideas will be given a greater chance of selling stock shares of their companies, with accurately and legit valued prices, to investors with suitable budgets and interest. 5
Mission Statement As our mission, we aim to create a marketplace for the users, where they be able to operate within a robust and resilient Peer-to-Peer network without having to pay a fee to middlemen, thus, allowing them to avoid deceitful stock selling campaigns and invest directly by themselves on startups or businesses of their interest. By making use of the Ethereum Network Blockchain, Wall Street Coin ensures the transparency of every stock investments and their complete security. As of now, the brokerage firms possess a massive amount of economic and political power which is growing exponentially as a result of the centralized system they have developed to operate in. A major problem of this centralized system is its vulnerability, which brokerage firms have leveraged upon to manipulate the value and prices of shares and other conditions in a way to magnify their profits at the expense of the investors. With our Wall Street Coin network algorithm, we will change this by allowing companies with great expansive ideas to a greater chance of selling stock shares of their companies, with accurately and legit valued prices, to customers with suitable budgets and interest. 6
Systemize, unite, and organize the regulation efforts of the traditional stock market Provide peer-to-peer selling and investment platform open to everyone Wall Street Coin Business Model The Wall Street Coin project seeks to procure solutions to the several challenges facing the stock market. We make full proof of the smart contracts feature of the Blockchain technology which is particularly suited to organize and systemize the stock market thus bringing stability and identity verification, transparency, security and trust to a traditionally insecure stock market. Provide a decentralized system for transactions Develop an immutable ledger for every transaction Create standards for identity verification, transactions 7
Markets Cryptocurrency Cryptocurrencies are becoming an everyday slang all over the world as of recent as it has received a large amount of searches on Google. From 2015, the cryptocurrency Market cap has increased from $17 billion to about $294 billion in a space of just 11 months. This is an increase of about 1700%. In the last few months, there has been an increase in the coin market cap from 740 coins to about 1,329 coins. This is as a result of the wide acceptance by numerous merchants who see prospects and future in the crypto business. Without doubt, the cryptocurrency is not stopping soon. Its wide range of applicability in various fields is another cutting edge which confirms its permanence. 8
Markets Stock Exchange The stock exchange market provides an exchange medium in which brokers and investors trade stocks. It provides the facilities needed to issue and redeem securities and dividends. The opportunities available in the stock market is a massive one as it is avenue in which companies sell a part of their company for capital sake. Upon purchase by an investor, the value of the investor s stock shares increases as the value of the company increases and the value of the investor s stock shares decreases when the company s value decreases. Without any doubt, there are numerous companies out there seeking investors on a daily basis in a bid to raise capital. The released part for sale of a company becomes a profitmaking venture for investors. For instance, if there is a high increase in a company s earnings and value, an investor might decide to sell his stock at that point in time to the investor with the highest bid. This way, the first investor would have made much more than he invested in the company. The reason for buying stocks basically should be based upon appreciation of such company. Without any doubt, there are a lot of opportunities. The stock market has however been plagued with a lot of inconsistencies as a result of the numerous problems facing it. There is an eminent crash facing the stock market due to numerous reasons like investors panic, tax change, interest rates and inflation, excessive leverage and most especially speculations. This is what the Wall Street Coin Platform seeks to correct so as to improve the quality and standard of the market by providing transparency, trust, security through a decentralized system. The truth is that just 10% of all stock trade is based on scrutiny of the company s value while the remaining stock exchange transaction are based on something else. In essence, investors have no regard for real value when it comes to stock trade. 9
The Problem Definition Brief Summary Centralized System Insecurity and Trust Issues There are a lot of issues plaguing the Stock Market and most of these issues revolve around the fact that the Stock Market runs a centralized system of exchange. There are a lot of disadvantages this system of exchange has brought to the investors as they are not catered for at all. The stock brokers and the companies are usually the benefactors of the stock market all at the expense of the investors. The truth is rather than the market serves the purpose of allowing the investors make profit, the companies and their agents are usually the profit makers. Thus, the customers are usually faced with mistrust, waste of funds, insecurity, capital loss and fraud. The presence of a middleman has brought a lot of mishap to investors as most of the time these investors are usually after enriching their pockets and not the investors themselves. This has caused loss of capital and as such, so many individuals are scared to invest in the Stock Market. In essence, these middlemen are in charge of tracking share ownership and also accessing the official shareholder list and as such, money is usually at the helm of the middleman. As a result of the almost autonomy which middlemen have, the trade account of most investors is usually not safe. Therefore, most investors usually do not trust stockbrokers to handle business for them, hence frightening them away from the market. Through investigation, it was found out that stockbrokers use their clients account for trade without first discussing with the clients themselves. Although, stockbrokers inform their clients after successful completion of trade, it still does not make such trade acceptable whether or not the client accepts it or not 10
The Problem Definition Long Process to Complete Transactions It takes three days or more to complete a transaction usually because of the numerous intermediaries involved in the process, regulatory processes and even the operation trade clearance. This tends to leave investors at risks as immediately there is a delay in the recognition of the owner, the system most times do not get to recognize such transaction. Fraud and Theft Instance arise in which Stockbrokers hijack the funds of an investor. This is very possible because most times, they have access to their clients account. Sometimes, they could divert the fund in bits until they are in total control of the money. Some other times, it could be external hackers who would hack in into an investor account to take full possession of the account. Capital Loss by Investors as a Result of Inadequate Information Most investors no doubt get to lose a lot of their money often as a result of the wrong information given to them by stockbrokers. Since brokers make more profit by trading more, they sweet-talk customers into trading even when they know the market is not favorable. At the end, they make gain at the expense of these investors through the commissions they get. This is loss on the part of the investor. Costly and Complex to run The tasks involved in completing a transaction is herculean due to the numerous processes and as such, there are usually so many intermediaries who clear trades, some hold assets while others keep records. Every one of these intermediaries are definitely going to charge a fee for their service and as such, it reduces the investment power of the investors. Aside of this, the processes are usually just too complex. An investor cannot just decide to do all of these tasks himself. One way or the other, he needs the services of the stockbroker. 11
The Problem Definition Limitation on Interoperability As a result of the complex process involved, it is usually nearly impossible for investors to think about going offshore with their investments. Transparency As a result of the centralized system of the stock market, information is usually held on a singular server and as such, it is usually open to hackers. The lack of transparency thus breeds mistrust and fear among investors. High Transaction Fees The amount of money paid out as commission to stockbrokers by investors is usually discouraging. As a result of the numerous intermediaries, commission associated with them as a result of services they render like record keeping, auditing, verification of trades is usually exorbitant. 12
Wall Street Coin Solutions How can the Stock Market be remedied? What is a Smart Contract? As impossible as it may sound, technology has gone above and beyond allowing us to provide a solution to the problem facing the Stock Market. The Wall Street Coin which is built on the Ethereum Blockchain technology can utilize the benefits of the Smart Contract to provide solutions to the problems. Smart Contracts are protocols designed to verify and facilitate the negotiation of a contract. It aids the successful completion of a transaction without the interference of a middleman. Smart Contract is one of the benefits of the Blockchain technology. The ability of the Blockchain to provide secure, verifiable and transparent means to execute a contract is as a result of the smart contract. Smart contracts are autonomous as they are not controlled by anyone, but rather they self-execute transactions as initiated by two parties. On a very basic note, smart contracts function in calculating, storing information and sending of transaction to accounts. 13
Wall Street Coin Solutions Company Investor How does the Wall Street Coin aim to solve the problems through the use of Blockchain technology? Company Investor The Wall Street Coin is targeted towards solving the Stock Trading Market problems through the decentralization and automation of stock exchanges. These therefore would eliminate the presence of a third-party as every of the process would be handled by the smart contract itself. The following are solutions which the Wall Street Coins will provide. Company Investor 14
Autonomy The Smart Contract does not depend on the presence of a middleman whatsoever. It is selfindependent and as such, it deals away with any bias whatsoever. Speed The smart Contract handles every process independently and as such, it deals with the monotonous stress accompanied with humans. This thus make transactions easier and faster. Trust There is the encryption of all document on a common ledger which allows every party to have open access to them. This produces trust in the mind of clients. Transparency There is openness with the use of smart contracts as everyone can see the transaction as its being made and follow up on it. Security There is little to no risk for the platform to become a prey of hackers as a result of the high level of encryption involved. Elimination of transaction rates Wall Street Coin aims to eliminate the payment of any commission whatsoever. The smart contract is going to be responsible for every process. 15
Decentralized Platform for Trading As opposed to the natural presence of a middle man for handling of processing, the Wall Street Coin aims to provide the Stock market with a decentralized system in which every one on the platform can see every transaction that takes place. More so, a decentralized system eliminates the presence of complex and time-wasting processes. All that would be needed by the investor and the company is verifying the transactions as they occur. The Wall Street Coin thus would enable a peer-to-peer relationship between customers and companies directly. Transparency The Blockchain Ledger is created such that every member of the Wall Street Coin Platform has a record of every transaction that takes place. This platform intends to give investors the benefit of monitoring their investments as opposed to the traditional method in which the monitoring was done by the agent or middleman. Therefore bringing complete transparency and trust since the investor is now in charge. 16
Faster Processing of Transactions Due to the decentralization of transactions, the Wall Street Coin Platform offers a faster and more efficient means to transacting. It eliminates the numerous intermediaries by using the smart contract as an alternative to process transaction better and faster. Therefore, this solves the problem of exposing the investors to risks. Security One major advantage of the Blockchain technology is the fact that it is very secure. As such, the Wall Street Coin Platform allows investors to be anonymous to the public and also as a result of the high level of encryption, it becomes really impossible to hack into the system. Provision of Accurate Information Through our platform, the company can upload firsthand information which then will be evaluated by a staff of experts of this field. After the evaluation, it will become public for investors to see, so as to make the right decision as where to invest. This eliminates the fraudulent practices of middlemen who just in a bid to enrich their pockets give wrong information. Trust As a result of the openness of information, investors would have more trust in companies who indulge themselves by making use of this platform. More so, it gives room for promising investors who see reasons to trust a particular company on the platform. Interoperability Due to the ease in transaction, investors have the chance of investing in different companies around the world. This is made possible by the Blockchain technology as it handles the issue of long processing of transaction. 17
Wall Street Coin Apart from offering what every other crypto-currency does, Wall Street Coin is much more than just a crypto-currency. Wall Street Coin network seeks to redress stock trading by creating a system that makes use of the Blockchain technology and Smart Contracts to offer investors and companies an alternative to Stock Market Trading. It will achieve this by connecting companies with expansion interest to investors, allowing them to sell their stock shares directly to the investors through the use of the Wall Street Coin platform. In essence, it s goodbye to cheating and dangerous traditional stockbrokers. With this in mind, our team has set out to develop a complex network of algorithm that will, along with offering a transparent and decentralized stock investment platform, favor the customers and ensure that they invest in the most favorable possible investment in line with their budget or interest. In order to maintain a safe investment environment and the filtering of company shares offered for sale, Wall Street Coin platform will utilize the services of expert financial experts and legal counselors, who will accurately determine the actual values of a company and the shares it has to offer before being offered to potential investors. This will serve as an extra layer of security for the investors on their investments. We hope and work fervently to create a transparent and open platform, as opposed to the operation of traditional brokerage firms, for investors and companies alike. The main purpose of the Wall Street Coin is for it to be accepted within the platform as the only medium of payment for the trading (buying and selling) of stock shares, thereby ensuring the guarantee of a healthy daily trading volume and liquidity. It is geared towards developing a global relationship in which investors and companies can buy and sell stock shares, and also verify funds easily and fast. It is thus the best remedy to the problems facing the stock exchange market. It seeks to provide a means to grow the stock exchange market and make it more lucrative for other investors. 18
Initial Coin Offering The Crowdsale begins with a Pre-ICO Sale, after the Pre-ICO Sale is over, the main ICO Sale will take begin and will consist of 4 rounds. Pre-ICO Sale The reason for a Pre-ICO stage is to raise money for a successful ICO and in doing that, the Wall Street Coin would develop a successful Initial Coin Offering (ICO). The money generated here would be channeled towards creating stability and a well secured and decentralized ecosystem designed for the Stock Exchange Market. In order to maximize profits, we advise our ICO backers to start buying in as soon as possible due to the price difference from one sale campaign to another. We intend to launch the Pre-ICO of the Wall Street Coin starting from the 25th of March 2018 to the 25th of April 2018. The initial offer price will be $0.5 per WSC Token during the Pre-ICO. That isn t all, we also intend to give a +35% bonus to all the backers who invest during the Pre-ICO as an additional benefit. ICO Round 1 Once the Pre-ICO period is over, the ICO Round 1 will begin from the 25th of April 2018 to the 10th of May 2018 with an increment in price of $0.1 per WSC Token, from the initial Pre-ICO offering, taking the price of the WSC to $0.6 per Token. There is a 20% Bonus during this round. ICO Round 2 The ICO Round 2 will then begin on the 10th of May 2018 and end on the 25th of May 2018, which will also come with a price increment of $0.1 per WSC Token, from the price offering of the ICO Round 2, taking the price of the WSC to $0.7 per Token. There is a 15% Bonus during this round. 19
Initial Coin Offering The Crowdsale is divided into the Pre-ICO Sale, First ICO Sale, Second ICO Sale and the Final ICO Sale. ICO Round 3 The ICO Round 3 will then begin on the 25th of May 2018 and end on the 10th of June 2018, with a price increment of $0.1 per WSC Token, from the price offering of the ICO Round 2, taking the price of the WSC to $0.8 per Token. There is a 10% Bonus during this round. ICO Round 4 The ICO Round 4 will then begin on the 10th of June 2018 and end on the 20th of June 2018, with a price increment of $0.1 per WSC Token, from the price offering of the ICO Round 3, taking the price of the WSC to $0.9 per Token. There is a 5% Bonus during this round. Notwithstanding the increment in price, investors will still find the Last ICO Round favorable since there is a 5% bonus and the token will still not be available to the public yet and it would not be tradable on exchanges yet until the whole coin offering campaign is done. However, for a greater chance of profit maximization, we strongly recommend that investors get in on the early buy-ins. At the end of the ICO (Initial Coin Offering) period, Wall Street Coin will be spread widely and made free to trade on several crypto-currency exchanges. Although the Wall Street Coin holders will be allowed to trade them at any given time after the finalizing of the ICO sales, we will ensure to maintain a price that is higher than the one offered on sales initially to ensure the profit and stability of our backers. 20
2017 Q1 Stock Trading Platform on Blockchain Idea 2017 Q2 Q3 Research and Experimenting with Smart Contracts and Blockchain Technology 2017 Q4 Final Preparations of the Crowdsale 2018 Q1 Beginning of ICO Crowdsale Wall Street Coin Roadmap 2018 Q2 Ending of the ICO Crowdsale & Token Distribution 2018 Q4 Release of ios and Android Wallets 2018 Q3 Marketing Wall Street Coin and Listing it on 4 Crypto-Currency Exchanges 2019 Q1 Platform Development and Staff Hiring 2019 Q2 Platform Release 21
5% Token Distribution 20% 75% 75% Crowdsale 20% Reserved for WSC Team 5% Bounty & Community Programs 22
Funds Distribution 15% 10% 10% 40% 40% Platform Development 12% Operational Expenses 10% Marketing & Social Growth 3% Mobile Wallets 15% Token Buy Back 3% 10% 12% 10% Legal Team & Regulatory Expenses 10% Stock Evaluating Team 23
Conclusion The stock market is highly disturbed without any doubt, there is a possibility of a crash which would be deadlier than the 1929 and 2008 stock market crashes. This is as a result of the numerous processes which the system itself cannot account for, and more so, the centralization of intermediaries in handling these processes scaring investors away and putting as a result of exorbitant commissions they charge. The Wall Street Coin platform is thus the messiah that is here to save the stock market from this speculated crash. Through the Blockchain, power is taken from the middlemen and given to the investors as a result of the decentralized system. There is therefore no middleman with the implementation of the Wall Street Coin to inflate prices and commit other atrocities that seem to wreck the stock market. 24
Get in touch with us Telegram Website Twitter Facebook Email Telegram Group https://t.me/wscgram Website https://wscoin.io Twitter @WallStreetICO Facebook Page fb.me/wallstreetcoinofficial info@wscoin.io 25