The cryptocurrency market has been continuously expanding in the last few years and new digital assets were released to the market. One of the crypto assets that claims to be the cryptocurrency of the future is WebDollar (WEBD). In this article, we will explain what WebDollar is, what it’s aiming to improve, and which are the main characteristics of this cryptocurrency.
The Internet became an important part of our daily lives and it is connecting not only people and businesses but also objects and machines. With WEBD, the goal is to have a native asset for the World Wide Web and enhance the entire www ecosystem.
WebDollar wants to become the native cryptocurrency of the World Wide Web and help the whole industry to expand, to improve its portability, lightness and simplicity. Although Bitcoin (BTC) remains the largest cryptocurrency in the market, it was not able to establish itself as the native currency to the internet.
The team behind WebDollar has been working very hard writing an original code for the whole network. With it, it is possible to run an independent and powerful blockchain with different capabilities.
The surprising thing about this project is the fact that they didn’t start from an Initial Coin Offering (ICO) as most of the tokens that are currently available in the market. Inventor Alexandru Ionut Budisteanu along with several other developers has already an ongoing project that didn’t receive funds from private investors in the form of an ICO.
Back in 2017, ICOs were the main tool for crypto and blockchain-related projects. However, most of these ICOs were not able to succeed and grow. Indeed, they were highly criticized by market enthusiasts and many countries have banned them. ICOs used to generate high profits for their creators, which resulted in a wave of scam projects that had a negative impact on decentralization in general.
WebDollar instead started from scratch without an ICO and it has set apart just 10% of the total…