Hi Devs, Do we have 100% complete access to withdraw or exchange our coins without any limitations or restrictions, being forced to (LEND) coins. So once after the ICO ends, when world wealth coin is listed on external market exchanges, I can Withdraw full coin balance? Also when internal exchange launches I can sell for Eth/BTc. ? Thanks
Hello,
We have postponed our ICO until the 16th January and implemented some security improvements as we are in no hurry yet. The presale and WWC giveaway/bounties are still ongoing and the competition end date has also been extended.
We would like to elaborate more on your question. We have been looking at the lending space and see that many other companies have made serious mistakes by not offering any lending before being traded on an exchange. Lending is crucial to the growth of the coin and we will start lending at $3 before the exchange opens. We also noted that one platform (PolyNetwork) automatically locked all coins into a 48day loan. This has sustained a high coin price but was done without prior knowledge of the participants.
We have already said we will not force any lending but we also plan to implement a selling volume limit for the first 30 days on the exchange. This will be a daily limit based on the buying demand (so all buys should get filled for people wishing to purchase). You can sell all your coins anytime but may need to wait for the following day until the 30 days have past.
Remember we also reduce downside risk and promise to buy back your unused ICO coins after these 30days if it falls below 50cents (you will receive 50cents for each coin) so you can buy with more confidence! As explained in the first post, the buyback is only applicable to the internal web wallet and later deposits don't normally count but your first deposit into it also counts if you send them from an external wallet (if you received them in the pre-sale or the competition). We are one of the few that plan to have the coin ready before the main ICO starts.