WestarcticaCoin - Revision history

Westarctica: /* Discontinuation */

2019-10-09T08:39:09Z

Discontinuation

← Older revision		Revision as of 08:39, 9 October 2019
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	==Discontinuation==		==Discontinuation==
	In August 2019, after one year in operation, Hexel, the company Westarctica partnered with to distribute WestarcticaCoin suddenly went out of business. With the departure of Hexel from the cryptocurrency industry, all of Westarctica's crypto assets were unexpectedly dissolved by Hexel's leadership. Although the overall project was deemed a success, the legacy of WestarcticaCoin was lost in the digital realm.		In August 2019, after one year in operation, Hexel, the company Westarctica partnered with to distribute WestarcticaCoin suddenly went out of business. With the departure of Hexel from the cryptocurrency industry, all of Westarctica's crypto assets were unexpectedly dissolved by Hexel's leadership. Although the overall project was deemed a success, the legacy of WestarcticaCoin was lost in the digital realm. All money raised through the program was donated to the Antarctic and Southern Ocean Coalition.

	[[Category:Culture of Westarctica]]		[[Category:Culture of Westarctica]]
	[[Category:Economy of Westarctica]]		[[Category:Economy of Westarctica]]

Westarctica at 08:35, 9 October 2019

2019-10-09T08:35:21Z

← Older revision		Revision as of 08:35, 9 October 2019
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	[[File:WAD-Crypto1.png\|400px\|thumb\|Mock-up symbol proposed as the graphic representation of the Westarctican Dollar; image is based on the 25th letter of the Coptic alphabet, šai/ šei]]		[[File:WAD-Crypto1.png\|400px\|thumb\|Mock-up symbol proposed as the graphic representation of the Westarctican Dollar; image is based on the 25th letter of the Coptic alphabet, šai/ šei]]
	'''WestarcticaCoin''' was a cryptocurrency created by the [[Minister of Blockchain]] and was released by the [[Royal Blockchain Authority]] on behalf of the [[Central Bank of Westarctica]] on 15 August 2018. The currency is denoted by the Ϣ sign, which is the Unicode Coptic Capital Letter Shei (code:U+03E2, decimal:994). After one year in operation, the project was discontinued.		'''WestarcticaCoin''' was a cryptocurrency created by the [[Minister of Blockchain]] and was released by the [[Royal Blockchain Authority]] on behalf of the [[Central Bank of Westarctica]] on 15 August 2018. The currency is denoted by the Ϣ sign, which is the Unicode Coptic Capital Letter Shei (code:U+03E2, decimal:994).

			After one year in operation, the project was discontinued.

	==History==		==History==

Westarctica: switched article to past tense.

2019-10-09T08:35:06Z

switched article to past tense.

← Older revision		Revision as of 08:35, 9 October 2019
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	[[File:WAD-Crypto1.png\|400px\|thumb\|Mock-up symbol proposed as the graphic representation of the Westarctican Dollar; image is based on the 25th letter of the Coptic alphabet, šai/ šei]]		[[File:WAD-Crypto1.png\|400px\|thumb\|Mock-up symbol proposed as the graphic representation of the Westarctican Dollar; image is based on the 25th letter of the Coptic alphabet, šai/ šei]]
	'''WestarcticaCoin''' is a cryptocurrency ~~that has been~~ created by the [[Minister of Blockchain]] and was released by the [[Royal Blockchain Authority]] on behalf of the [[Central Bank of Westarctica]] on 15 August 2018. The currency is denoted by the Ϣ sign, which is the Unicode Coptic Capital Letter Shei (code:U+03E2, decimal:994).		'''WestarcticaCoin''' was a cryptocurrency created by the [[Minister of Blockchain]] and was released by the [[Royal Blockchain Authority]] on behalf of the [[Central Bank of Westarctica]] on 15 August 2018. The currency is denoted by the Ϣ sign, which is the Unicode Coptic Capital Letter Shei (code:U+03E2, decimal:994). After one year in operation, the project was discontinued.

	==History==		==History==
	After some experimentation with blockchain and its potential applications for Westarctica, in January 2018, the Minister of Blockchain, Brian Erdelyi and [[Grand Duke Travis]] decided to begin a real-world blockchain endeavor by creating a cryptocurrency called the Westarctican Dollar (WAD) that would be an ERC20 Ethereum token.		After some experimentation with blockchain and its potential applications for [[Westarctica]], in January 2018, the Minister of Blockchain, Brian Erdelyi and [[Grand Duke Travis]] decided to begin a real-world blockchain endeavor by creating a cryptocurrency called the Westarctican Dollar (WAD) that would be an ERC20 Ethereum token.

	The name of the token was eventually changed to WestarcticaCoin, however, the currency abbreviation WAD was retained for matters of convenience.		The name of the token was eventually changed to WestarcticaCoin, however, the currency abbreviation WAD was retained for matters of convenience.

	These tokens ~~are~~ intended to function primarily as a novelty to reward and engage citizens of Westarctica for their support.		These tokens were intended to function primarily as a novelty to reward and engage citizens of Westarctica for their support.

	==Creation==		==Creation==
	The total number of WestarcticaCoins generated is equal to the number of square feet in the claimed territory of Westarctica: 17,284,610,000,000 tokens. Although Grand Duke Travis is the single largest holder of WestarcticaCoins, with just over Ϣ4 billion WAD, the Royal Blockchain Authority ~~controls~~ the vast majority of the tokens and is responsible for their distribution.		The total number of WestarcticaCoins generated was equal to the number of square feet in the claimed territory of Westarctica: 17,284,610,000,000 tokens. Although [[Grand Duke Travis]] was the single largest holder of WestarcticaCoins, with just over Ϣ4 billion WAD, the Royal Blockchain Authority controlled the vast majority of the tokens and was responsible for their distribution.

	On 15 August 2018, the Royal Blockchain Authority began the initial airdrop of tokens to the 75 members of the [[Peerage of Westarctica]]. This resulted in Ϣ892 million WAD being instantly distributed to previous supporters of [[Westarctica]], making nearly all of the Peers "crypto-millionaires."		==Distribution==
			On 15 August 2018, the Royal Blockchain Authority began the initial airdrop of tokens to the members of the [[Peerage of Westarctica]]. This resulted in Ϣ892 million WAD being instantly distributed to previous supporters of [[Westarctica]], making nearly all of the Peers "crypto-millionaires."

			The remaining WestarcticaCoins were made available to the general public through one of two channels: either by purchasing the tokens, or by providing evidence of conservation activities and receiving the tokens as a reward. When the program was brought to a close, 21 individuals had undertaken acts of conservation including recycling, litter cleanup, switching to a reusable water bottle, and switching to a hybrid / electric car.

			A total of Ϣ1.792 billion was distributed to the following groups:
			* 76 Peers of Westarctica: 912,000,000
			* 10 Paid donors: 85,500,000
			* 21 Conservation Activists: 2,500,000

			==Discontinuation==
			In August 2019, after one year in operation, Hexel, the company Westarctica partnered with to distribute WestarcticaCoin suddenly went out of business. With the departure of Hexel from the cryptocurrency industry, all of Westarctica's crypto assets were unexpectedly dissolved by Hexel's leadership. Although the overall project was deemed a success, the legacy of WestarcticaCoin was lost in the digital realm.

	[[Category:Culture of Westarctica]]		[[Category:Culture of Westarctica]]
	[[Category:Economy of Westarctica]]		[[Category:Economy of Westarctica]]

Westarctica: added figure about initial airdrop.

2018-08-16T15:46:22Z

added figure about initial airdrop.

← Older revision		Revision as of 15:46, 16 August 2018
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	==Creation==		==Creation==
	The total number of WestarcticaCoins generated is equal to the number of square feet in the claimed territory of Westarctica: 17,284,610,000,000 tokens. Although Grand Duke Travis is the single largest holder of WestarcticaCoins, with just over Ϣ4 billion WAD, the Royal Blockchain Authority controls the vast majority of the tokens and is responsible for their distribution.		The total number of WestarcticaCoins generated is equal to the number of square feet in the claimed territory of Westarctica: 17,284,610,000,000 tokens. Although Grand Duke Travis is the single largest holder of WestarcticaCoins, with just over Ϣ4 billion WAD, the Royal Blockchain Authority controls the vast majority of the tokens and is responsible for their distribution.

			On 15 August 2018, the Royal Blockchain Authority began the initial airdrop of tokens to the 75 members of the [[Peerage of Westarctica]]. This resulted in Ϣ892 million WAD being instantly distributed to previous supporters of [[Westarctica]], making nearly all of the Peers "crypto-millionaires."

	[[Category:Culture of Westarctica]]		[[Category:Culture of Westarctica]]
	[[Category:Economy of Westarctica]]		[[Category:Economy of Westarctica]]

Westarctica: Created page with "File:WAD-Crypto1.png|400px|thumb|Mock-up symbol proposed as the graphic representation of the Westarctican Dollar; image is based on the 25th letter of the Coptic alphabet,..."

2018-08-16T05:17:25Z

Created page with "File:WAD-Crypto1.png|400px|thumb|Mock-up symbol proposed as the graphic representation of the Westarctican Dollar; image is based on the 25th letter of the Coptic alphabet,..."

New page

[[File:WAD-Crypto1.png|400px|thumb|Mock-up symbol proposed as the graphic representation of the Westarctican Dollar; image is based on the 25th letter of the Coptic alphabet, šai/ šei]]
'''WestarcticaCoin''' is a cryptocurrency that has been created by the [[Minister of Blockchain]] and was released by the [[Royal Blockchain Authority]] on behalf of the [[Central Bank of Westarctica]] on 15 August 2018. The currency is denoted by the Ϣ sign, which is the Unicode Coptic Capital Letter Shei (code:U+03E2, decimal:994).

==History==
After some experimentation with blockchain and its potential applications for Westarctica, in January 2018, the Minister of Blockchain, Brian Erdelyi and [[Grand Duke Travis]] decided to begin a real-world blockchain endeavor by creating a cryptocurrency called the Westarctican Dollar (WAD) that would be an ERC20 Ethereum token.

The name of the token was eventually changed to WestarcticaCoin, however, the currency abbreviation WAD was retained for matters of convenience.

These tokens are intended to function primarily as a novelty to reward and engage citizens of Westarctica for their support.

==Creation==
The total number of WestarcticaCoins generated is equal to the number of square feet in the claimed territory of Westarctica: 17,284,610,000,000 tokens. Although Grand Duke Travis is the single largest holder of WestarcticaCoins, with just over Ϣ4 billion WAD, the Royal Blockchain Authority controls the vast majority of the tokens and is responsible for their distribution.

[[Category:Culture of Westarctica]]
[[Category:Economy of Westarctica]]