BitMart, a premier global digital asset trading platform, will list Whole Earth Coin (WEC) on January 18, 2021. For all BitMart users, the WEC/USDT trading pair will be officially available for trading at 04:00 AM EST.
What is Whole Earth Coin?
The Whole Earth Foundation was established as an organization with the goal of democratizing infrastructure management. WEC aim to accomplish this by making information about the status of the infrastructure more accessible and visible to the general public. By connecting general citizens and infrastructure service providers through an ecosystem of applications powered by the Whole Earth Platform, WEC plan to equip citizens with information and an incentive to voice their needs to service providers.
At its core is the environmental database, constructed by pooling together and geoprocessing multiple public and privately available data sources. Once normalized, the data will undergo additional processing to be made available in very high geographical resolution, which is not available in most publicly available datasets today. The data is also pre-cleaned, helping shorten the development time for machine learning projects by third-party developers. Information providers can interact with this data through a UI (e.g., mobile app), enabling them to stay informed about the infrastructure’s status around them, thereby helping alleviate the imbalance of information between them and the infrastructure service providers.
Furthermore, in addition to having access to data, citizens can actively support the database and, consequently, maintain the underlying infrastructure. A commonly shared limitation among existing environmental databases is the slow renewal of information – an average of 1-5 years of wait time. The WEE platform expects to address this by crowdsourcing data collection; Participants of the ecosystem will contribute data to help maintain an up-to-date database that infrastructure service providers can use to make better-informed decisions. Gamification mechanisms such as Quests will be explored to motivate participant engagement.
Participants will earn a blockchain-based token (Whole Earth Coin, hereafter WEC) for the provision of high-quality data, enabling a free and open marketplace that allows for the creation and efficient exchange of important data.
This approach is expected to help establish a system that promotes regular maintenance and renewal of infrastructure while raising the general citizens’ interest in the topic. As the public’s interest further grows, this momentum will accelerate the establishment of a society where citizens actively collaborate with institutions in joint-effort projects geared towards environmental improvement.
ECOSYSTEM
A one-of-a-kind data exchange ecosystem
The ecosystem comprises the following three key groups
Information ProvidersInformation providers (mainly general citizens) can access the environmental database and contribute data to earn utility tokens.
Infrastructure Service ProvidersInfrastructure service providers can utilize the environmental database and tools created by third-party developers to improve development projects’ efficiency.
PartnersPartners can access the environmental database to develop novel tools that benefit the infrastructure and the environment, help publicize project and vision to the world, and much more.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About Whole Earth Coin
WEC Democratize Infrastructure Management.The revolution starts with you. Join the counterculture. Decentralize infrastructure. To learn more about Whole Earth Coin, please visit their website, follow their Twitter and join their Telegram.
