Quote from: usrop on February 21, 2018, 03:39:05 PM

why 21M?

We clarified it earlier as well. WorldBit the company is issuing 220 M coins for the WorldBit business plan as laid out in the white paper and ICO guide. WorldBit right now is modeling its next generation blockchain concept as a functional implementation of the WorldBit business model on the Ethereum platform in its proof-of-concept form as an industry standard, but cutting-edge, ERC-20 token. This token will take the project to its next phase of implementating regulatory multi-functional capacities with extended monetization capabilities.

Subtokens will be issued to monetize merchandise, and will be held at par value to WBT in the ValueBit exchange- such sub-tokens are convertible to WBT tokens, and each are backed by the provisional tokenization of consigned merchandise. As part of its stated business model of mergers and acquisitions, the unanimous consensus of the WorldBit founders can enable tokenization of entire companies it chooses to acquire. Sub-tokens can continue to be re-issued only as long as merchandise continues being certified into the system, and which has different behavior according to different localities. This maintains the constant value of the system, with room for higher value of the WBT token based on network effect and increased utility as laid out on the WBT roadmap.