WaykiChain. A Decentralized Governance System by emiliomoron

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· @emiliomoron · (edited)
$9.61
WaykiChain. A Decentralized Governance System
<div class="text-justify">Greetings dear friends of Project Hope.

As we know, in this constantly evolving cryptographic world we find a diversity of projects, and although some quickly capture our attention, it is difficult to keep track of them all. However in this community we are lucky to read about some interesting proposals, and in this regard, recently some colleagues introduced us to a different project that is worth knowing a little more about, it is WaykiChain.

<center>![waykichain 1.jpg](https://cdn.steemitimages.com/DQmRP2BHH8ND3j5hLyDq4v8JGjNtRciBbsmzScnAD85edPG/waykichain%201.jpg)
**_Edited image, originally taken from WaykiChain Whitepaper._**</center>

WaykiChain is an innovative technology company focused on blockchain operation, but a third-generation commercial and public blockchain for its high-performance transaction processing capabilities and efficient consensus mechanisms, thus, through the development of useful applications, it aims to trigger collective growth in different industries through enterprise solutions.

Since the blockchain market is becoming very competitive, and every day we can find new platforms, but it is not very common to create a platform that seeks to integrate well with traditional businesses and have application in real life. So WaykiChain promotes the usability of the entire blockchain, that is how it took its first steps in 2018, with a game prediction application based on smart contracts, with the intention of building a decentralized platform and looking for an ecosystem in which everyone can get involved in its construction and benefit from the results. Thus, the network is based on two integral assets: WUSD, the stable currency used for transactions, and WGRT, a government currency used to manage the entire system.

The WGRT, Waykichain Governance Right Treasure, acts as the basis for the maintenance of the network and its future development; users of this currency have not only the responsibility but also the obligation to participate in the governance of the platform, which is demonstrated by the right to submit proposals for changes to the system and the right to vote for these. Any administrator who complies with the rules of the system, has the right to submit a proposal that mainly includes changes to the operating parameters of the system, such as the interest rate and penalty rate, and all WGRT holders vote to determine whether the proposal is implemented, thus having a true decentralized governance. Which not only motivates people to hold their WGRTs but also helps to maintain the stability of the system.

<center>![waykichain 2.jpg](https://cdn.steemitimages.com/DQmYNMGXJvjxQuU7upAv4wLybxZ4FmA2argH6iBKu2UwPXS/waykichain%202.jpg)
**_Image by @emiliomoron._**</center>

The WGRT also acts as a system regulator. When the currency system operates regularly, the system adopts a regular scheme of buying back and burning WGRT to turn it into a deflationary currency, which slowly depletes over time. It also has a risk reserve fund in place, in the event that asset values fall dramatically. 

<center>![waykichain 3.jpg](https://cdn.steemitimages.com/DQmPuRJ24SM5CvEd6m7fvadh1LkjbKAEjFoLqB3wNFZhqQ9/waykichain%203.jpg)
**_Image by @emiliomoron._**</center>


### What is the north of WaykiChain?
Hoping to become a public blockchain ecosystem driven by its community, Waykichain aims to build a decentralized application platform through which it can offer its users a complete smart contract system on the blockchain to develop their business ideas, develop their own DApps and build their own brands, with the purpose of making blockchain convenient for every user to access.

Perhaps in the future we will hear more about this project as it reaches more people, offering blockchain-based solutions for startups and even traditional businesses.

---
**If you want to know more about it you can visit the following links:**
[Web site](https://www.waykichain.com/), [WaykiChain White paper](https://www.waykichain.com/Whitepaper-en.pdf), [Twitter](https://twitter.com/wayki_chain).


**_Thanks for coming by to read friends, I hope you liked the information. See you next time._**

---

https://cdn.steemitimages.com/DQme2oMCemMHV1AoZDzsvwAUETJBkZdS3sWgG89tYNpuRZJ/libre%20de%20plagio.png
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@alokkumar121 ·
@tipu curate
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@tipu ·
<a href="https://tipu.online/curator?alokkumar121" target="_blank">Upvoted  &#128076;</a> (Mana: 1/3) <a href="https://steemit.com/steemit/@tipu/tipu-voting-service-quick-guide-updated-05-10-2018" target="_blank">Promote your post with @tipU :)</a>
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@emiliomoron ·
Thanks!
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@tocho2 ·
It is the first time that I hear about WaykiChain and it seems to me incredible and wonderful at the same time, for the mere fact that they will come in the future to promote local initiatives, entrepreneurship and small businesses.

Great info @emiliomoron..!
👍  
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@emiliomoron ·
This is also what I find most interesting about this company, its intention to bring blockchain to different types of ventures, including traditional businesses.
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