H Y D R O ICO: August 24, 2017 Written: June 16, 2017 Hydro Coin is the working name for the conceptualization of water as a currency and furthermore the inception of water as a tradable commodity. Hydro Coin would be a cryptocurrency, existing only as software data within a computer's hard drive, though what separates it from other cryptocurrencies is the fact that it could one day be backed by a specific value in water, moreover that value is current with the area it represents in water rights. Invest in the HydroCoin ICO to help make this happen 0.001 ETH = 1 HydroCoin
CRYPTOCURRENCIES ARE THE FUTURE The emerging ecosystem of economics that exists on the plain of the World Wide Web is a growing phenomenon. More and more people are starting to opt for their paycheck in Bitcoin or other altcoins. -BTC has risen 4863951.55% since its inception, since the start of 2017 alone it has gone from 1300 dollars to 3000. -There is currently 53 billion dollars worth circulating the ever growing reaches of cyberspace. However, Bitcoin has its downfalls. In a world where financial abstraction is an ever growing problem in the cashless society we are headed towards, in our currency we must have financial security. BTC is too volatile to be the century s welcome to cryptocurrencies, it is essentially only backed by the principle of supply and demand. BTC has seen downs 25% away from its ups in this week alone, that is not financial security, most cryptocurrencies fall victim to this issue, even Ethereum. BTC has no regulating agency, just a supply that keeps on growing as long as there is a demand, miners will keep on mining it as long as there is a demand that creates its value. The reality of it is that mining is just the offspring of the decentralized ledger system that runs Bitcoin, its own Blockchain. Our solution to the volatility issue that is keeping us from a fully globalized economic currency that is going to be made possible by the phenomenon of cryptocurrencies and decentralized ledger systems known as blockchains, is Hydro Coin.
Water is the ever growing need ~ Courtesy of Walden Labs Water Price report Water is in economic terms compared to its potential as a traded commodity a low trade-volume resource in price with an overall upwards trend. The thing with water is that you can't actually buy it outright, like barrels of Oil. Water Rights is the name for the rights to use the sources of water in any specific area, they are separate from the property itself. Our cryptocurrency, Hydro Coin, is very similar to the premise of the Gold Standard, the Gold Standard was a system of economics, where before the 1950s, every minted coin held a corresponding weight in gold. With our system each Hydro Coin could one day represent a volume or surface area of water rights.
HOW THIS SYSTEM WOULD WORK A coin will be created when Miners use their computers to validate our blockchain, a new portion of a coin or coin would be their reward. Essentially the coin s value is going to be held by one entity, that entity is our company. For the sake of the explanation let's call ourselves Hydro Coin Head Quarters. HCHQ is responsible for facilitating the purchase of water rights in correlation to the amount of coins that get minted as a reward to the mining of our blockchain, for example let's say when we implement this system we start with enough water rights to disperse 1 square meter of water to each Hydro Coin and we have a supply of 100 000 Hydro Coins already created up for sale. Then when 97000 of these coins have been sold and a subsequent few have been created for the miners that facilitated those transactions, HCHQ will need to purchase additional water rights in the anticipation of additional coin creation. Hydro Coin will follow suit with other cryptocurrencies with the fact that it will have a decentralized ledger system, miners who are the sole way of creating and validating transactions, as well as a finite supply, that finite supply is really just the number that we theorize we could obtain in water rights. To attract people to our platform we will gradually if not at the start add on some of the things that make other cryptocurrencies attractive as well (besides the fact that ours will be backed by a tangible asset), these things include smart contracts, organizations. There is a catch, in the time we have had to conceptualize this we have run into a problem, sometimes with the Gold Standard you would be able to exchange the dollar value of the amount of currency you owned for its weight in gold, with our system which is mainly poised as an Exchange Traded Fund of water rights that is going to be exchanged as a currency, it is hard to able a system where you could do this because the Coin would retain a value of the averaged water rights price within our basket fund, when someone wants to remove their Hydro Coin s value in water rights 2 problems would arise, 1 of which would be the fact that their water rights would be worth a different
fiscal value than the coin because all water rights are worth different amounts based on a variety of factor like geographic location, and 2, we would legally have to facilitate the sale and legally change its name to the new owner s and the coin would just not exist anymore, so that option to remove the coins value in water rights has to be suspended, which would compare this system to gold bullion, which is an investment form where an individual s investment into gold is held at a vault pooled with other people s gold. We need resources to continue this project, join the ICO. Our goal is 100 000 ETH to keep growing, each ETH will exchange for 1000 HydroCoins (HYDRO) in the ICO, in the case that we deem it is no longer legally solid for us to continue on this venture, we will return 90% of your investment. These Hydro Coins will not hold a value in water they will fund our abiliy to make this happen.