Difference between revisions of "WestarcticaCoin"
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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]] | ||
Revision as of 15:46, 16 August 2018
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.
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."