Currently, World Peace Coin (WPC) is a project that is rapidly becoming popular among ICO investors, including 4.6 points acquired by TrackICO. Recently, WPC has announced the introduction of the industry’s first mining method called Proof of Lending (PoL). PoL provides a business platform for people living in poverty to receive loans from investors around the world. The business generally refers to a sustainable business model targeted at people with a per capita annual income, otherwise known as the Base of the Economic Pyramid (BOP) who have a purchasing power parity that is less than 3000 USD. Currently, 4 billion people, 70% of the world’s population live in this hierarchy. These 4 billion people are an undeveloped market among the existing business models. It became clear that in recent years there is huge potential, reaching 5 trillion USD.
From this discovery, it is now common knowledge among experts that the key to making the stagnant world economy advance is in the BOP. Micro-finance is drawing attention in this business model. Micro-finance is a business model that obtains a certain amount of interest while supporting the life of the BOP layer. This is done mainly by making a small amount of loans to the BOP layer. Although it is a business model that seems to be reckless at first sight, there are many precedents that maintain an extremely high repayment rate of 90% or more, including examples of the world famous Grameen Bank. However, there is a big problem with this business model. There are various obstacles such as enormous funds and cooperation of mega-banks in implementation, and the current situation is that the number of people who are blessed with opportunities of these type is limited to a very small number in response to their needs. In addition, due to the risk of bad debt, interest rates are generally high at 20 to 40% on average, which is an obstacle to improving the living conditions of the BOP layer. The answer to these issues, is World Peace Coin.
PoL enables investors to do mining by doing micro-finance to BOP layer. Since investors can finance the profits originally obtained by interest rates, interest on repayment can be held down to 2% at the minimum according to the credit score independently calculated by AI, and the BOP layer also has a considerable margin. Even though it is an excellent business model with promising future potential, a dedicated worldwide approach is still necessary to overcome various obstacles.
From the viewpoint of an individual rather than a country or company, it is difficult to take action. However, because of our breakthrough mining protocol, circumstances change completely. Since M – PESA, (a remittance technology using SMS) has spread and settled in Africa where the bank account holding rate is extremely low, the world found the digital potential of the BOP. WPC will exploit the BOP market by adopting PoL, and explosively increase its value.
World Peace Coin ICO Website: https://worldpeacecoin.io/
World Peace Coin Facebook: https://www.facebook.com/worldpeacecoin/
Telegram: https://t.me/worldpeacecoin
