W Green Pay (WGP) ICO review
W Green Pay (WGP), globally first blockchain rewarding individual’s Greenhouse Gas (GHG) reduction efforts. WGP is the reward method for HOOXI app of W-Foundation (nonprofit international organization)'s HOOXI, Korea's government-backed GHG reduction campaign. HOOXI app will sustain its business by trading its carbon emission units based on the aggregated GHG reduction data in Korea's KETS (Korea's Emissions Trading Scheme) market. Systemically embedded demand for WGP supports its market liquidity and value.
W Green Pay ("WGP") is a Stellar-compliant token that operates on the Stellar blockchain. The aim of W Green Pay is to increase the public’s participation in GHG (Greenhouse Gas) reduction. W Green Pay will provide the means of incentivizing the public for their GHG reduction efforts.
The HOOXI App will serve as the platform for users to be rewarded by completing GHG reduction tasks.
With the approval by Korea Electric Power Corporation (KEPCO), W Exchange is expected to launch in March 2019 as a KETS eligible business entity. The allocated NEPs of HOOXI App are expected to trade at KRX through W Exchange.
The introduction of W Green Pay allows the objective of this project to be implemented in a scalable and sustainable way. The public and the global community, on an individual level, will be given the opportunity to play an active role and be rewarded for the reduction of GHG emissions. The resulting platform will give everyone the opportunity to unite in the cause of building a better future.