The WeCoOwn platform is scheduled to launch in June 2021. WCX, the WeCoOwn Rewards Token is also scheduled to be listed on a few more exchanges.
The exchange selection requirements for WCX are a bit special since the WCX token project is very different from others. There is no ICO or IEO so there is no public pitches to investors necessary. WCX is a utility rewards token. It is designed to be an incentive or reward for the WeCoOwn platform members to use the majority of the services on the platform to meet people, buy and sell properties or personal assets for free.
Hence a very unique special win-win partnership arrangement could be developed between WeCoOwn and the cryptocurrency exchanges. When users sign up and register at the WeCoOwn platform they will get 10k WCX tokens immediately as a reward. They will get another 2k tokens each time they upload one of the assets or properties that they already own into their “My Portfolio” section under their account profile. They may not be ready to sell any of those properties and assets that they own now or to lease it but when they do in the future they could simply at a click of a button to list it at the affiliated We Property owners (WePo) site for free. If they do so then, they will get another 3k WCX tokens as the rewards.
They can claim their WCX reward tokens that they have earned or accrued on the WeCoOwn platform via any of the exchange partners of WeCoOwn. To do so they will open an account at one of those exchanges, pass its KYC procedures and then submit the WCX token voucher which will have their individual Claim Key for them to be credited those amount of WCX tokens they have already earned on the WeCoOwn platform earlier.
Hence one million newly registered WeCoOwn platform users will likely translate to one million new exchange trading accounts at one of WeCoOwn’s exchange partners. The exchange will then populate the new trading member’s account at the exchange with their accrued WCX tokens.
WeCoOwn will send the exchange its treasury WCX tokens weekly or monthly in bulk to the exchanges. The exchange will then allocate the WCX tokens to these new users based on their individual claim key that they have submitted from their own account at the exchange.
In this way, it seems that WeCoOwn may help many secondary cryptocurrency exchanges to prosper together as the number of WeCoOwn platform members continues to grow.
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