Understand Final Worth in 5 minutes: Pure community-autonomous negative asset conversion system and diversified ecosystem

introduction

Bitcoin was born only a decade ago, but in the past year, the "Pandora's Box" of blockchain technology applications has been truly opened. The popularity of digital assets and the charm of DeFi have brought people's interest in cryptocurrencies to an unprecedented level. In 2021, DeFi and NFT have become the fastest growing tracks in the cryptocurrency market. Driven by the market's enthusiasm, many communities have also been formed, which is one of the signs that the industry is recognized by the public.

Problems in the cryptocurrency industry

With the booming development of the blockchain industry, the most intuitive product is the corresponding encrypted digital currency. From the data of Coinmarket, it is not difficult to see that from the initial single mainstream currencies such as BTC and ETH, tens of thousands of currencies have been derived. However, there are only a few that are truly valuable and have commercial application value. The birth of most currencies is just the product of capital games.

What is Final Worth?

Final Worth is a purely community-autonomous decentralized chain-based open underlying architecture platform that integrates interests, rights, and responsibilities. The ecosystem is centered around negative asset conversion and crowdfunding and incubation of blockchain projects, public welfare projects, cross-chain matching, and other sectors. Its characteristic is that any community member who joins this ecosystem is eligible to participate in the governance and maintenance of the entire ecosystem.

Final Worth's development, operation, maintenance and FWH Token are separated into four core parts. After the founding team completes the development in the initial stage, the source code will be open, and the subsequent operation and maintenance will be autonomous by the community. The final result of any subsequent ecology or derivative sectors will be decided by the community members through voting. Here, the rights of the founding team are exactly the same as those of the community members. Under the premise of the trinity of power, interests and responsibilities, the founding team, community members and third-party partners are responsible for their respective sectors on the basis of the trinity, and participate in the entire project with the same identity, jointly maintaining and promoting the sustainable development of the entire system.

What is Negative Equity Conversion?

There are too many worthless tokens in the cryptocurrency industry, and every day there are currencies that are returning to zero around the world. Investors are constantly paying for their own cognition, but in fact most investors are in a state of loss. Final Worth defines the loss of these investors as negative assets. Compared with traditional financial investment targets, digital currencies are more volatile, have higher mobility, lower tolerance, and lack clear supervision and corresponding laws and regulations. Therefore, these players who easily buy air currencies basically stop loss and leave after losing money, and the floating loss chips in their hands cannot be reversed. There are many such players and blockchain communities around the world. Integrate these players and communities on the same blockchain platform, and through complete community autonomy, transform the negative assets in their hands into valuable community consensus assets. The community spontaneously formed by pure negative asset holders will be very large and have a strong consensus. This negative asset conversion system is part of the Final Worth ecosystem.

Final Worth's consensus and vision

By integrating negative asset holders and spontaneously forming a community, all community users have a common starting point, that is, they all hold negative assets. In this community, everyone's starting point, process, and end point are consistent. At the beginning of joining this community, it is a process from -1 to 0 and then to +1. There are many kinds of negative assets held by investors. Final Worth converts all the negative assets of consensus holders into the same asset, namely FWH. Then the asset itself has no value, but as more and more people join, the establishment of consensus, coupled with complete community autonomy, will give it corresponding value. The official will embed a platform system similar to Kickstarter and Indiegogo in the Final Worth network later. The difference is that the user group is all community members holding FWH. All tokens, blockchain innovation projects, third-party partners, etc. that join the negative asset conversion system are jointly reviewed, certified, participated in, and maintained by every member of the entire network. All benefits will also be distributed according to the proportion of contribution, and responsibilities and risks will also be borne by all participants within a certain tolerance range. Based on such a consensus premise, the community consensus of Final Worth will be super powerful.

FWH token production and distribution

FWH is the only certificate for Final Worth ecological circulation and is mainly used for the following four purposes: negative asset conversion; third-party ecological intervention pledge; voting and governance; ecological circulation consumption.

Unlike the issuance logic of other currencies, FWH is a token that can be issued in larger quantities. The logic of its issuance is that FWH is positioned as a one-way replacement token for the negative assets of community members. Given that after the Final Worth ecosystem is built, there will be a very large community group and a variety of negative asset currencies that will establish a replacement relationship with FWH. Therefore, the issuance volume of FWH is related to the types and volumes of negative assets involved in the Final Worth system. The negative asset varieties approved by community members will be evaluated for their value volume after being involved in the Final Worth system. After being approved by the community vote, the corresponding volume of FWH will be issued. As compensation for community members who hold FWH before the issuance, a corresponding proportion of FWH will be airdropped. In order to protect the interests of the audience, all additional FWH will be produced linearly over a long period of time through mining, so it will not have an impact on the entire market.

The supply of FWH is 100,000,000, and its distribution ratio is as follows:

Final worth's layout and prospects

Final Worth's development plan is as follows

Genesis Project-Q1-Q2 2021

The Genesis Project is the Beta public testing phase of Final Worth. The main tasks of this phase are as follows:

1) Build Final Worth Dapp based on Huobi Ecological Chain (HECO).

2) FWH diversified mining pool construction

3) Project private placement and roadshow

Project Shelley - Q3-Q4 2021

Project Shelley is the community building phase of Final Worth, which mainly carries out the following tasks:

1) Expand the community based on the existing community

2) Select the negative asset list, guide various types of replacement systems, establish a visual community network, and form community autonomy

3) Final Worth mainnet development and testing

Project Libra - Q1-Q2 2022

1) Final Worth mainnet launch;

2) Final Worth ecosystem expansion and third-party partner integration

3) FWH public chain tools are launched, including blockchain browser, built-in diversified wallets, etc.

4) Original ecological migration, migration from HECO main network to Final Worth

Fireworks Plan-Q3-Q4 2022

1) Cross-chain ecological integration

2) Multi-link access such as IPFS

3) On-chain decentralized exchange launched

Summary - Some thoughts on Final Worth

As a purely community-autonomous decentralized on-chain open underlying architecture platform that integrates interests, rights, and responsibilities, Final Worth, based on the transformation of negative assets, relies on a huge user group and super strong community consensus, and integrates and embeds third-party cooperation to form a diversified ecosystem that integrates traffic, technology, and applications. I believe that in the near future, under the joint operation and maintenance of all Final worth community members, Final worth will become a dark horse in the blockchain industry, and its only circulation certificate FWH will also become one of the models in the encrypted digital currency industry.