nice BOPO update Dear WPP Community, We have taken into consideration your feedback and queries regarding various aspects of WPP Token that required updates.
As many of you are aware, we had previously anticipated integrating WPP Token within the HyFi ecosystem and its NFT Licensing platform. This initiative was aimed at creating tokens linked to the hydrogen price index. However, due to HyFi’s focus on traditional project financing and the legal uncertainties surrounding cryptocurrencies in the US at that time, we at WPP Energy decided to adapt our strategy. We chose to concentrate on enhancing the utility of WPP Token, halting the creation of ancillary tokens within the ecosystem to ensure 100% of the utility is channeled towards WPP Token.
This decision means no additional tokens will be created, and we will focus our efforts on the Platform of Pools, available for (optional) staking of WPP Tokens. This marks a significant step in asset backing, as a percentage of WPP Energy’s revenues will be converted into USDT and made available through these staking pools.
This approach avoids direct inflation of the token while allowing holders to benefit from the overall growth of WPP Energy’s activities.
We have already outlined the initial steps and highlights of this platform, which will soon enter the design phase. The completion of our initial projects will allocate a substantial budget for the development of the WPP Token sector, including marketing, IT, and platform development. Additionally, we are conducting audits of our smart contracts to ensure their security and proper execution. We are also revising our tokenomics for clarity and transparency regarding WPP Energy’s direction.
Regarding our goal to peg the token to a minimum quantitative value of hydrogen, this remains a priority. We will initiate this as soon as we start operating or acquire hydrogen production centers (such as electrolyzers at power plants). Token holders will then be able to claim this value for WPP Token when these operations are functional and swap it directly via the dedicated platform.
In summary, while some attempts have not been as effective due to timing or directional changes, we remain committed and focused on the proper development of our digital sector, including WPP Token. Our next step is the implementation of the staking platform, which will promote and participate in the growth of WPP Energy. We will also allocate budget from the revenue generated by our ongoing projects to disseminate this information through various channels, including relisting WPP Token on Coingecko and CMC following the audits. This will ensure a secure and transparent integration on the platform for the various WPP Token pools. With successful marketing and community engagement, we aim to expand to various exchange platforms and invest further in this sector, increasing the visibility and tradability of WPP Token.
WPP ENERGY and EcoFusion
The WPP Energy business development team has recently returned from a trip to Southeast Asia where significant business was developed, particularly new markets for Ecofusion as a tool to produce green diesel fuel from waste. Investment grade crown corporations are expressing strong interest in Ecofusion and intend to place orders for same, given it is widely commercialized in many locations already and its flexibility for offtake options which include: thermal energy, electrical energy, bio-oil, bio-diesel, renewable diesel, bio-char and bio-wood.
Best Regards
WPP Energy Team
Bullish
