WAWLLET is the world’s first multi-asset wallet and personal financial passport. It connects people, banks and financial services, both traditional and new, and will change the way people think about and control their money, assets and personal digital identity. WAWLLET provides a single dashboard view of FIAT and digital assets, letting users transfer between them instantly, wherever their accounts or assets may be in the world. For example, why not use a cryptocurrency to pay your credit card bill, buy bitcoin from your bank or, if you want to invest in commodities, buy some gold?
The ERC20 compliant WIN Tokens will be used as the exclusive payment method within the WAWLLET platform for transaction fees and for the company’s accredited third-party providers.
For the first time in the market, WAWLLET introduces an implied settlement value mechanism for its WIN Tokens that rewards their early purchasers through the ICO, with WAWLLET guaranteeing a settlement value for each WIN Token which is the highest of:
With the above described mechanism, WAWLLET guarantees that in the event that the Token becomes available at a retail price below USD 9.00, WAWLLET will provide the user services at a minimum rate of USD 9.00 per Token. On the other hand, while the WIN Token Settlement Value is related to the Bitcoin and Ether rates, if these cryptocurrencies increase in value, the WIN Token Settlement value will increase its value proportionally. In case Bitcoin or Ether decrease their value, the USD 9.00 mark will secure the token Settlement Value.
Full details of the WIN Tokens can be found in the company’s White Paper.