WU Coin

~~Price Volatility and market swings~~

We all know as a crypto community that starting a currency the opposite way takes years to develop a business adoption. So, I decided to start differently. I have had a couple of months of great experience trading in Cryptos for the past year and researched the idea that I'm presenting to you guys today extensively.

Back to the topic

What is WU Coin?

WU Coin is a proposed cryptocurrency to a Higher Educational Institution at Wichita, Kansas (Wichita State University: Go Shockers!). As of this moment, there is a very close idea to that of cryptocurrencies implemented and its called Shocker Dollars. The WU Coin gives a lot of advantages over the Shocker Dollar, and the proposal is in front of the school, and they're looking at implementing it.

Is WU Coin released?

The answer is no, but that's for a reason. As we all know the core idea behind any currency and the business model are the most important parts in producing a successful cryptocurrency. When it comes to writing white papers and code that's the easiest part w/o the right funding and the proper team and good mindset.

What makes me think that WU Coin can be adopted by Wichita State University?

Here is a list of all the benefits that WU Coin can offer VS the currently implemented campus payment system called Shocker Dollars:

1. Transfer of WU Coin(s) between peers (Students or Individuals)

2. Utilizing the lightning speed of cryptocurrencies transactions

3. Eliminating third parties for International WSU students; either through the school accepting WU Coin(s) as a form of payment for tuition and fees, or students getting transfers from their families when they buy the coin on cryptocurrency exchanges. Depending on the underlying technology when it comes to the execution phase of project, transaction times can vary from 3 seconds to 2 minutes (So, no more three business days for bank wires)

4. WU Coin(s) unlike Shocker dollars won't have an expiration date. Meaning you can store it spend it or transfer it to peers.

5. Campus businesses get a recurring form of payment; meaning they get 1 WU Coin today and its worth 1 USD as the price grows the value in their wallet grows.

6. Students can pay for different WSU services && goods using the WU coin

7. Exclusive rights for students to buy the coin through the university at a lower price than the outside market. Therefore, attract more students that are interested in cryptocurrencies and the technology

8. WSU pre-mines 1,000,000,000 WU Coins x 1$ price = 1 Billion $ that can be divided on reserve, development, and distribution. More coins can be created as the demand increase

Worst case scenario, currency fails we reimburse students for their coins and reuse the Shocker Dollars (Very Unlikely)

Things go great, WSU gets to grow its endowment exponentially in a short period.

What are the different campus channels that would form the real-world value for the WU Coin?

Let me start with this first, we all know that it all boils down to this fact, at the end if any of the cryptocurrencies were involved in those main five areas we wouldn't see that much price volatility:
1. Food
2. Water
3. Energy
4. Transportations
5. Medicine/healthcare
6. Leisure (But I choose to set this aside as it's not as important as the rest of the previous points)

So the next question would be

How is WU Coin different according to this perspective?

WU Coin will be right from the START accepted in multiple campus channels that Shocker Dollars are already accepted in

1. Shocker Dinner (PHASE 1)
2. Rhatigan Student Center Fast food chains (PHASE 1)
3. WSU Bookstore (PHASE 1)

Other Channels that WU Coin can be accepted at:
4. WSU psychology clinic ( Will actually get the clinic more patients as its more affordable than any other clinic around town) (PHASE 1)
5. WSU clinic and health services (PHASE 1)
6. WSU printing services (3D and paper) (PHASE 1)
7. Shocker Basketball matches (Checkout what Mark Cuban is trying to do with Dallas Mavericks) (PHASE 1)
8. Can act as a form of payment for employees compensation Smart Contracts?(PHASE 2)
9. Can be accepted as tuition and fees by the WSU, or students' parents can buy WU Coin on outside exchanges and send it to their son/daughter in the matter of seconds/minutes(Very useful for international students due to the long days the normal bank wires take, imagine comparing 3-5 seconds to 3-5 Days?!?) (PHASE 3)

What is the underlying technology for WU Coin (Blockchain or Ripple type of model or ....etc.)?

As of right now, my main focus is to get wide public demand and acceptance for the proposal. I have had a chance to work on an altcoin project and successfully compiled it as an Undergraduate SW Engineer. So, neither do I claim a definite, precise implementation for the project nor absolute expertise in Cryptocurrencies, but I do have a strong knowledge of Stock markets and Cryptocurrency trading and as an intern who worked on Software Engineering projects for 3 years I have deep knowledge of the coding and concepts of most of the current altcoins.

What is the reason for leaving the method for implementation blank?

To give the school and me the chance to research that part more deeply with a team of developers that will get recruited/contracted w/o when it comes to execution. Cause I personally believe from a research perspective that when it comes to implementation, a team of SW Engineers can execute the project perfectly. At that point, we can decide whether to fork an existing open source currency, have a side chain currency from ETH or develop our own new hybrid monster.

I'm open to any suggestions or questions. Visit facebook.com/ShockerDK as it's our main news page for the project. Things are moving in a very positive direction, and everybody on campus is talking about it as I tried my best to provide the simplest explanation possible for the (FUNDAMENTAL/CORE/MAIN) concepts in blockchain based cryptocurrency for students and faculty through a YouTube Video and our FB page. Also, worthy to mention will have a couple of informational tables on campus soon besides emailing all the EECS faculty members to request 5 minutes in the beginning/end of their classes to pitch the idea and give live explanation/demonstration for the blockchain and the benefits of WU Coin VS Shocker Dollars. + Presenting in front of the Student Government Association next week to get the Senates on the same page and address some concerns I had regarding (1) Tuition increase (2) Minimum GPA increase. If you followed up with the post on the potential in the currency, you'll get the reason behind the concerns.

Here is a list of things to look at that I might have missed while publishing this post initially:

Take a look at the YouTube Videos:

VIDEO 1: https://www.youtube.com/watch?v=Y3KhNiLpyqM

VIDEO 2: https://www.youtube.com/watch?v=lUltdHPskTE

VIDEO 3: Explaining the business model in details and how the stable price would be guaranteed https://www.youtube.com/watch?v=dJ8RRHm2gaw

VIDEO 4: FOR ADVERTISING THE IDEA TO GET PUBLIC ACCEPTANCE( We all know what we face when we bring up anything crypto related to public audience)
https://www.youtube.com/watch?v=Mc78iAFmpjY

CHECKOUT THE SLIDES FOR THE PROPOSAL ON ONE OF THE POSTS ON Shocker Development Kickstarter's FB page

Shocker Development Kick-starter: A student organization for computer programming and yes things weren't very active recently as the interest for such student organizations is not as high
https://www.facebook.com/pg/ShockerDK/posts/

And again open to questions and will try to reply as fast as possible to whatever my upcoming weeks' schedule allows me.

Thanks and HODL &&/or Bot LOL Until WU Coin is out to the light Grin

NOTES:

Just for the great members who will try to claim that its a scam or that I don't know what I'm talking about:

1. I chose not to add too many pictures in this post just to keep it simple as I believe that actions are more important than words/pictures/memes (DogeCoin? LOL)

2. I chose with my total consciousness not to engage in a lot of conversations on Bitcointalks willingly and not because I didn't know about it!

3. My English isn't the greatest, but I'm working on it, and this isn't a show battle for the best post with the most number of unused or absurd technical terms (Keep it simple keep it moving)

4. I came across campus coin, but my business model was totally different than their coin, and their project doesn't have any commits since they launched yet they're still sitting @ 1 cent with no partnerships and website that says under development on most pages

5. No, it's not a one-person show. I believe delivering the idea is more important and then the team isn't hard to put together with the proper mindset

6. I patented the Idea Under the name (Blockchain Based Payment System for Educational Institutions) and I believe that to be 100% fair to me, the crypto community and the school as I will let them implement it for free as a form of payback for all the knowledge I was taught there that brought me closer to this idea. One of the reasons why I also did this, is that I have my own opinions that it's enough of this Ivy League schools reputation and its time to make a major shift in the Higher Educational Sector in the US. Same as what's happening with the altcoins and the major redistribution of wealth that we are seeing.

7. Not trying to be passive aggressive, just trying to avoid a lot of discussions that would divert from the main constructive discussion that I'm seeking.

I'm very transparent and in return would love to hear honest, objective feedback, anything implementation related would be a suggestion at this point and will factor that into consideration.

ametwaly

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