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If you use World Game Token (WGT), which combines block-chain technology, you don’t have to experience the high fees and cumbersome process when using a platform brokerage site. Learn more about the WGT, which can help reduce platform costs, development costs and marketing costs which provides additional new user experience.

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about PROJECT WGT

What is WGT?

WGT is an abbreviation word of World Game Token. It requires a high fee and inconvenient when using platform mediation websites such as money from the existing online games, mobile game items, account item bays and item mania. WGT token is used by combining the block chain technology, minimizing the fee, enhancing security through transparent transaction process between individual users and streamlining the complex transaction procedure. It takes WGT coin as medium and builds ecosystem of WGT.
It will reduce platform costs, development costs, and marketing costs and provide new users’ environment additionally.

Furthermore, it is possible to expand the scope of business through E-sports betting business which is profitable business through WGT as well as transactions of such money and accounts. It can realize stable distribution of coins and profit for all investors.
Australia - New Zealand - China – Korea. They are to be listed in 2018.

Characteristics of WGT

The primary goal is to simplify procedures and reduce transaction fees by enabling trading of money that were not integrated between existing games through WGT. 

Min Kang who has worked in SAP, Google, and MS as a consultant Career and Andy Choi who is a member of Seoul National University of Technology and acquired degree of bachelor and master has been in cooperation for CTO. And developers are all graduated from Samsung Naver and participated in WGT project. 

It will be updated regularly from the official website launch later.

point of PROJECT WGT

POINT 01. WGT coin effect

Item Account Relay Transaction

There are cases of fraudulent transactions between individuals when avoiding from paying fee and the fraud damage is constantly occurring. But if you use WGT, escrow services is provided between the parties that trade digital goods

This makes it possible to create ecosystems that can coexist with trading partners, game companies and WGT. As the game market grows, WGT ecosystem will grow.

Game user

Users can save digital money because they can make it as cash through WGT including game items. It also can move it to other game.

Game company

When developing and launching new games, it is necessary to pay high amount of marketing expenses, development costs and make efforts to secure new users. However the life cycle of game is getting shorter. Therefore, the existing major platforms (Steam, Nexon, Net Marble, Pmang) cannot avoid an increase in investment costs due to high commissions (more than 30%).
Easy marketing cost reduction can be made by sharing development platform of WGT. And furthermore, easy marketing cost reduction and new user automatic acquisition through WGT ecosystem.

Ancillary revenue

In Korea, China, Europe and North America, they have established the E-Sports market and also had various world-wide game competitions. WGT distribution can be secured by legally executing E-Sports betting business.

point of PROJECT WGT

POINT 02. Revenue Business Model

Revenue Business Model 01

It ensures the distribution of coins legally by linking with other sites through E-Sports betting business. As Game Money, if you have a function that allows you to have a large amount of coins and distribute it, it also can make legitimate profits by pursuing related businesses independently in the future.

Revenue Business Model 02

It will be able to expand not only E-Sports but also all Sports games. WGT will create Australia's own coin exchange for convenient exchange to make coin liquidity and the commission earned on this exchange will allow for a continuous income. Earned commissions will bring more profits to coin investors.

point of PROJECT WGT

POINT 03. Technology Development

The average transmission time for Etherium is 17 seconds. Ethernet block chain takes 8.5 per sec or 740,000 per day.
A new platform development is urgently needed due to the delay in transmission and the rise in commission. The transaction has been increased rapidly since 2017.
At present, the speed of EOS is getting fast and IOS App sets its goal and is under development.

We can upgrade our own game service on exchange or EOS.
We will discuss on coin development process and method in future. It will be promoted through github. And detailed development method is written in white paper.

ETHEREUM VS EOS

01. Proof system
Etherium · POW (proof of work)
· Mining method using hardware equipment

※Conversion to POS system is undergoing
1.Incorrect Smart Contract causes loss therefore hard fork is required
2.Hard fork is divided into several chains
EOS · DPOS (Commissioned Share Certificate)
· If people with assets can participate POS, then DPOS delegates authority to POS only to certain persons.
  (You are submitting your coins to receive compensation in POS but giving commission your own shares to other server managers and then entrusts them to the manager instead in DPOS.)

1.It can fix the wrong application or update execution-stop mechanism without interrupting other EOS applications
2.Fork with multiple chains cannot be made
02. Scalability
Etherium · It handles 10-25 transactions per sec
· We presented a roadmap for unlimited scalability using the concept of sharding.
· Network was stopped at Status ICO
EOS · It handles 1,000 to 100,000 transactions per sec
· Non-synchronizing communication support
· Separation of recognition and execution
· No transaction fee
03. Security
Etherium · A single smart contract can stop the entire network
· Transactions with high transaction fees can stop the network
· In competitive commissions situations, such as Status ICO network can be stopped if high commission transactions comes in.
EOS · Spam attackers only use bandwidth that corresponds to their ownership of the entire network bandwidth
· DOS attacks on any distributed application will not stop the entire network
· Companies with very small stakes are guaranteed by network bandwidth and computing power that is proportional to stake
04. Economic model
Etherium · Rental model
  - 1. A single smart contract can stop the entire network
  - 2. Transactions with high transaction fees can stop the network
  - 3. In competitive commissions situations, such as Status ICO network can be stopped if high commission transactions comes in.
EOS · Ownership model
  - 1. Network bandwidth based on the percentage of EOS tokens. Use storage device and calculation ability in distribution
  - 2. It can be used with relatively little investment for use of minimum bandwidth and computing power
  - 3. No developer fees excluding the number of initial EOS tokens (transaction fee is free of charge)
05. Pros and Cons
Etherium · Advantages - High security
· Disadvantages - Slow upgrades and bug fixes compared to DPOS
     - Slow trading
     - Users pay transaction fees
EOS · Advantages - Fast trading
     - User does not pay any transaction fee
     - Upgrade and bug fix is faster than POW method
· Disadvantages - Low security

Term Description

※Transaction Per Seconds (TPS): The maximum number of transactions per second (the higher the higher processing speed)
※PoW (Proof of Work): mining method using hardware equipment
※PoS (Proof of Stake): A method of mining a coin owned by a person without hardware equipment (a certain amount is paid if a certain amount of coins are inserted in a coin purse)
※DPoS (Delegated Prod of Stake): literally commissioned POS
People with assets can participate POS, the DPOS delegates authority to POS only for certain persons.
(You are submitting your coins to receive compensation in POS but giving commission your own shares to other server managers and then entrusts them to the manager instead in DPOS.)

point of PROJECT WGT

POINT 04. Exchange listing procedure

Republic of Korea

Philippines

New Zealand

United States of America

Australia

china

project Wgt info

Coin issuance and investment

The total publication volume is 10 billion.
Coin Purpose Quota Remarks
Sale 20% 2018.07.25 ~ 12.09
Development 15% Development (1 year lock-up)
Company holding 5% Company Possession quantity (1 year lock-up)
Marketing 10% Promotion & Marketing
Revenue business 50% Revenue business Token(Chip usage)
Lock-up until Revenue business
Lock-up Address and Company Revenue Business Token Always Disclosed
The contents of this homepage can be changed according to the laws and changing elements of each region or country.
Blocks Sydney can change business models or tokens for a variety of legitimate reasons.
The above description will only be conducted in a legitimate area and will be legally carried on through the Australian corporation and the Philippine corporation.
Block Sydney will proceed legally and be served to users in the authorized country, subject to differing regulations and detailed regulations in each country.
  • 01 Person in relation to violence group
  • 02 Antisocial forces or equivalent
  • 03 Under 18 years of age
  • 04 Incompetent or quasi-incompetent
  • 05 Unknown person
  • 06 Those who want to participate in ICO by pretending to be someone else
  • 07 Persons residing in a country where ICO participation is prohibited

project Wgt info

TEAM MEMBER

CEO ERIC OH

- IT Network and security

CTO Andy Choi

- Completed bachelor's, master's and doctoral degrees at Seoul National University
- Saehan Information System
- Novauris Technologies
- Hannuritien
- Future Creation Science Department, Korea Evaluation Institute of Industrial Technology

Advisor Min Kang

- SAP senior dev
- Google Consultant
- MS Consultant

marketing Han Lee

- Majored in Business Administration

Consulting Bright Kim

- Majored in Network Security

Kevin Lee

- Majored in Sydney computer science
- Former CINaustralia CEO

Julie Lee

- Majored in UNSW computer science
- Sydney Police systems
   senior dev

Legislation

Hans Law firm (Sydney)

hanlim accounting

Hanlim accountant
company (Sydney)

Partners and Cooperators

City Mining Pty Ltd
Hanlim Pty Ltd
Hans Law firm

project Wgt ROAD MAP

ROAD MAP

2018

WGT Planning

Development team composition / vendor contact and market research /
Development team members and Composition of company / Outside support company meeting and token development

Completion of the whole plan

Legal Team, Accounting Team

Completed development team

Black sale / private sale / advisor recruitment /
Blue paper completion / White paper completion

Developed WGT ERC20 Token

WGT Token Sale / Australian Coin Exchange Preparation /
Development team WGT platform development / Australia exchange business agreement

Pre-Sale ICO

Exchange Listed (Australia) / Exchange Listed (New Zealand) / Exchanged Listed KRX (China, Korea) /
Revenue Business Platform Development and Testing / Development of Main Net (MVP) / Pre-Sale ICO

2019

Game company agreement

Revenue Business Model Marketing & Business Agreement / Revenue Business Platform Final Test / Australia Exchange development / Game Exchange platform development / Main net development

Launching 1st Revenue Business Model

Launching Australian coin exchange

Game Exchange model test

Revenue Business MOU / Revenue Business Expansion Remodeling

Second Revenue Business Remodeling Launching

Game Exchange Launch

2020

Business agreement with other coin

Business agreement with game company

Business agreement with game company

WGT return profit on revenue portion (incineration or air drop)