WorldEcoMoney (WEM) is decentralized blockchain designed to carry fast, secure and unstoppable transactions across the globe. We strive to make it easy to use, cheap, and accessible to everyone.

Here’s just few examples we can give:

For End User:

1. Pay instantly for the goods anywhere around the globe with single and stable currency

2. Keep your money safe.

For Merchants:

1. Increase sales by accepting an extra payment option.

For Developers:

1. Create your own Layer I coin with desired properties.

For Investors:

1. Participate in interesting sustainable project and receive dividends on their investments.

For Traders:

1. Fix profit in Layer I stable coin.

It’s important to understand the nature of all stable tokens; All tokens are smart contracts therefore they have a singular authority that holds the key to that smart contract = owner!

There’s probably much more..

Because of it’s main features:

1. We are global
2. We are Eco
3. We provide a network to build active liquidity entities that are similar in it’s nature to money.

We not only claim to be an Eco friendly, we truly are Eco. Here’s some details:

Our Consensus Protocol WEMNIT is a kind of Prove of Stake Protocol and it is much faster and less energy-consuming in nature than, for example, Prove of Work.

Let’s calculate: Global network of 20 WEMNIT nodes can process as much as 200,000 transactions per second. That is 720,000,000 transactions per Hour.

Yes, 1 hour of global blocks generation comes at the cost of an array of about 10-20 light bulbs! Of course with the rising amount of transactions more nodes will be engaged but cost per transaction will remain the same!

Consumption power of a single node is about 250Wh in full load mode that equals approximately 6.9 Watt per 1,000,000 transactions.

Yes, the cost to process 1 million transactions globally is equals to consumption of a single LED bulb!

Now try to compare this with, for example, The Proof of Work Protocol or even the classic paper money printing industry worldwide with all those banks and branches and networks that they use to process their transactions.

You can download our free wallet application (where available) or you can use our portal to create a fee account with WEM. Transaction can be placed there.

There’s few ways to get WEM coins:

1. buy it from an crypto currency exchange (see the list)

2. buy it using Bitcoin, Ethereum, Polygon (see in the Portal all accepted cryptocurrencies)

3. buy it through the local agent (coming soon)

There’s few ways to get EMA coins:

1. buy it from an crypto currency exchange (see the list)

2. buy it using Bitcoin, Ethereum, Polygon (see in the Portal all accepted cryptocurrencies)

There’s number of ways one can participate.

1. Buy EMA coins and hold. Value of EMA coins tied to WEM blockchain profitability. Learn more about EMA Coin.

2. Invest in Liquidity Pool and get commission from every exchange on WEM Blockchain

3. Run Community Validation Node and get fees and Block Rewards.

More options to come. Our goal is to keep network fees reasonably low so everybody in the world would have access to this network. As soon as transaction volume increases WEM blockchain will present more opportunities to investors.

There’s few ways to get NAG coins:

1. buy it from an cryptocurrency exchange (see the list)

2. buy it using Bitcoin, Ethereum, Polygon (see in the Portal all accepted cryptocurrencies)

Yes.

WEM and EMA Coins can be exchanged at any time.

NAC Coin at the moment may have some exchange limitations because of it’s volatility.

Both WEM and EMA Coins can be easily exchanged to any supported cryptocurrency. Use WEM wallet application or WEM Portal.

No.

WEM Coin and WEMblockchain is an independent Layer I decentralized blockchain with its own nodes. Goals of this project cannot be achieved on any other blockchain that exists today.

No.

WEM Blockchain is written from scratch and it is original code designed by our founders and created by our developer’s team.

No.

WEM Blockchain is written from scratch and it is original code designed by our founders and created by our developer’s team.

No.

No. WEM Blockchain has its own unique approach to solving blockchain challenges.

Yes of course!
The whole idea of this project has been heavily influenced by other major blockchains out there.
We using the main concept and take all the best parts that already prove themselves best in production.
We aim to solve those challenges that other blockchains still face, such as transaction speed, volatility, etc.. by introducing a different approach to those issues.
We use the same security algorithms to sign and verify transactions such as ECDSA, SHA256, etc.
We use quite similar to the Delegated Prove of Stake validation concept.

Anyone can run WEM node or become WEM validator.

Yes. We accept anyone to participate in our network and there’s good rewards as well. Network accepts new participants according to certain conditions that all members has previously agreed.

No.

Ideas behind this project is unique and code is created from scratch* by us.

* We do use standard crypto and some other libraries of course.

There are few: Starting of course with Blockchain trilemma adding to this simplicity to use, interoperability, sustainability just to name the few.

We strive if not to solve all of this at once then to find most elegant solution to achieve our goals. We’ve designed WEM blockchain this way and our concept and approach and priorities to those challenges slightly different from other blockchains.

For example we willingly sacrifice transaction speed to non critical value (up to 1 sec.) which is acceptable for most applications. This 1 sec. processing time gives us a lot of advantages like we can accept nodes on relatively slower networks and in far remote locations. Blockchains who’s goal is to be fastest can’t afford it. WEM not strive to be fastest, we must be reasonably fast of course but again, our set of goals and priorities is bit different from other blockchains out there.

1. Security

2. Decentralization

3. Scalability

Any blockchain must maintain core principles and be secure and decentralized enough, yet scalable.  In reality, unfortunately, this is not yet the case:

For example:

Security enhancement limits decentralization, Scalability enhancements limits both security and decentralization.

With another words this is still the tough one that we and other blockchains out there strive to solve.

WEM Blockchain strive to provide best platform (solving blockchain trilemma + interoperability + sustainability + simplicity to end user) for coins to live and run. Every coin that lives on WEM blockchain has its own set of goals.

Yes,

There’s at least 2 main aspects that may rise security concern when it comes to cryptocurrency.

1. a Wallet (how secure your money)

2. Network (how secure is your transaction)

Our wallet security mechanisms similar to those that used in Bitcoin and other major cryptocurrencies. Those algorithms has been proven to be very secure.

Our network uses very similar to Prove of Stake consensus mechanism that many other blockchains has been already successfully used for many years.

Your Money, Your Coins. No Banks, you are your own bank. You initialize transaction and receive transaction without any possible interruption.

WEM just an secure network provider. We keep records securely and validate blocks that consists from user initiated and signed valid transactions. We don’t hold any keys, we don’t initiate nor approve transactions, you do.

1. ..

Yes, by design, WEM Blockchain was created to be completely decentralized. Decentralization is by nature dependent on the number of participants validators and node operators. We are still very young project and at this stage we may not be as decentralized as we would like to be. Don’t worry, everyone including you can participate in this project that makes WEM Blockchain decentralized.

Yes.

If number of transaction rises we can automatically engage more validators nodes from testnet to help us to cope with the volume.

We also working on other systems that should help us in peak hours.

Let’s take for example one payment processor like PayPal or Skrill and let’s compare it for example to Bitcoin.

All payment processors are:
a. Centralized, which means they can be exposed to DDoS attacks
or just get disabled at the DNS level.
b. Have an owner, central point of management, which means that all funds are actually located under owner control, and technically it is up to them whether or not your request to transfer funds will be granted!
c. It has low security, which means that what all they can do to protect your “Account” is to provide you with a password and two-step authentication, which can be bypassed and/or if the central server is hacked all funds will be compromised. On the other hand, cryptocurrency uses strong encryption and there’s no central server that could be hacked and a possible attack could be launched on only one wallet protected by a very strong encryption system.

Of course, if user neglect basic security, cryptocurrency can also be compromised.

Blockchains can be implemented even without any consensus measures, but in this case they will need a central authority to process transactions. In this sense, such a Blockchain will be similar to a payment processor. Many exchanges and online trading platforms have gone this way and most likely the government will later adopt this strategy for its national digital currencies.

Our world is vibrant and colorful that’s what makes it so beautiful. There’s many good blockchains out there that have different concept and different user base, designed for different things.

We believe that all of this blockchains should find a way to build a bridges between us. We all should co-exist together.

We believe that one of the most important things behind any project is the group of people who are not only able to create something, but also have a passion to continue with the project to make it even better along the way. WEM is one such project. We strive to grow our community of enthusiasts make plans, roadmaps, designs to keep up with the time and industry.

We call it  WEMNIT  – WEM Near Instant Transaction protocol. It is based on Delegated Prove of Stake.

We love prove of work consensus mechanism and for some applications it’s still the best protocol. We can not afford to use PoW because our goals can not be reached with it.

There’s no other (as yet) Layer I stable coin out there that can be transacted fast enough.

Because with token we can not achieve our goals.

While transactions can be processed much faster and cheaper at the token level, all of them have one major drawback: by their nature, they are smart contracts that have an OWNER, so this is a central authority. Then there’s still some fees from and Layer I network that may vary and be unpredictable and expensive. There’s few other limitations as well.

The value of the WEM Coin does not fluctuate and always remains pegged to USD. For example, 1 WEM always costs 1 USD, no matter what. Wem value can never rise above 1 USD (like 1 USD != 1.00001 WEM) or fall below 1USD (like 1 USD!= 0.999.. WEM) We did this to prevent possible “manipulations”. In this way, WEM Coin cannot be “de-pegged” in any way and will always retain its value comparable to the major world currency.

Tokens such as USDT claim to have corresponding reserves in the bank; we have corresponding reserves in the cryptocurrency wallets that can be verified online. WEM liquidity pools and bridges are transparent, everyone can see our reserves and withdraw at any time.

Anyone who wants to pay and get paid fast, secure and cheap for the goods and services around globe.

Anyone who want to keep their hard earned money safe and liquid.

The idea behind WEM is quite simple and not new; Even Bitcoin (and most of its clones) was created with this idea in mind, but unfortunately none of them have succeeded in what they plan to achieve — peer-to-peer currency that anyone can use instead of (or alongside) cash.

Consider EMA Coin as a representation of WEM blockchain actives. Value of EMA coin tied to it.

WEM Portal has been created to transact with WEM Blockchain and all of it’s instruments. WEM Portal has set of tools to Send, Receive, Exchange all supported Coins. Think of it as a extended cryptocurrency  wallet.

WEM Portal is as secure as online wallet can be. We do not store your password. All keys kept encrypted (by your password) and stored encrypted in your device or browser. This design proven to be very secure.

No.

Your password must be entered every time you sending money or exchange coins  to sign the transaction.

Yes.

It is encrypted with your password and stored encrypted on your device. . Make sure to use strong password!

Yes