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Their official site text
Whitepaper
June 15th, 2023
Milan Kozlevcar
https://twitter.com/milankozlevcar
Legal Disclaimer: The information contained in this cryptocurrency whitepaper is for general informational purposes only. It is not intended as financial or investment advice, nor does it constitute an offer or solicitation to buy or sell any securities or digital assets.
The content provided in this whitepaper is based on the current understanding and knowledge available at the time of writing. The cryptocurrency market is highly volatile and subject to rapid changes. Therefore, the information presented here may become outdated or inaccurate over time.
Investing in cryptocurrencies involves risks, including but not limited to market volatility, regulatory changes, and technological risks. Past performance is not indicative of future results, and there is no guarantee of the success or profitability of any particular cryptocurrency project or investment strategy.
Readers are strongly advised to conduct their own research and due diligence before making any investment decisions. It is recommended to consult with a qualified financial advisor or professional before engaging in any cryptocurrency investments.
The authors, contributors, and publishers of this whitepaper disclaim any liability for any loss or damage, directly or indirectly, arising from reliance on the information provided herein. They do not assume responsibility for any financial or investment decisions made based on the contents of this whitepaper.
This whitepaper may contain forward-looking statements or projections regarding future events or performance of cryptocurrencies or related technologies. Such statements are subject to various risks and uncertainties, and actual results may differ materially from those expressed or implied in such statements.
The use of any trademarks, trade names, or third-party logos mentioned in this whitepaper does not imply endorsement or affiliation with their respective owners. All trademarks, trade names, and logos belong to their respective owners.
This legal disclaimer is subject to change without notice. By reading this whitepaper, you acknowledge and agree to the terms and conditions outlined herein.
Table of Contents
Introduction: About Crypto White Papers
General: A crypto white paper is an informative document used to promote goods or services and provide a comprehensive analysis of a specific topic. In the case of cryptocurrencies, white papers focus on virtual currencies, offering an overview of the coin or token, details about the project's team, technology, and development roadmap, as well as in-depth information about the coin or token economy. These white papers can range from several to dozens of pages.
Bitcoin: One of the most significant cryptocurrency white papers is the one published for Bitcoin, titled 'A Peer-to-Peer Electronic Cash System Whitepaper.' It emphasizes the concept of a purely peer-to-peer electronic cash system, enabling direct online payments between parties without the need for intermediaries. While digital signatures play a crucial role, the true benefits are undermined if a trusted third party is still required to prevent double-spending.
WaweSwaps (GBl)│Overview and Principles: The whitepaper offers a concise yet comprehensive overview of the cryptocurrency ecosystem. It delves into market capitalization and the proportions of major crypto assets, exploring the need for safeguarding and regulating cryptocurrencies. It highlights the power of DAOs (Decentralized Autonomous Organizations) for transparent and fair consensus.
Additionally, the whitepaper provides a summary of the Binance Smart Chain network and PancakeSwap, a popular decentralized cryptocurrency exchange. By emphasizing liquidity, the whitepaper concludes that the top 10 liquid crypto-assets represent 85% of the total market, while many others lack liquidity. Waweswaps proposes a fair and transparent solution to remove illiquid tokens, promoting sustainability and transparency in the ecosystem.
The introduction of the WaweSwaps platform, managed by two essential smart contracts on the Binance Smart Chain (GBL Swap and GBL DAO), aligns with these principles. Ultimately, this whitepaper conveys the fundamental principles of cryptocurrencies, including trustless trust, individual empowerment, and control over assets, data, and identity. The idea of WaweSwaps and the GBL token is succinctly captured in a few chapters due to its straightforward nature.
Today's World of Cryptocurrencies in a Nutshell
Market Cap Bitcoin
Ethereum
Tether
BNB
USD Coin
XRP
Cardano
Dogecoin
Polygon
Solana
Others
The left and above graphs are the representation of the percentages of the individual proportions of the largest ten crypto-assets relative to the total market capitalization of all assets. Since BTC was the first asset, it has remained the largest by market cap, which is why its dominance in the market is a number that many people follow.
We describe the assets tracked in this chart as crypto-assets, including tokens and stablecoins.
Total Cryptocurrency Market Cap
The graph below represents historically recorded cryptocurrency's market capitalization which is determined by multiplying its current price by the total number of coins or tokens in circulation. Bitcoin had a market capitalization of $1.2 billion on May 1, 2013. It took bitcoin nearly nine years from the date of its creation to reach the $100 billion mark, when it reached $100.1 billion in market capitalization on October 21, 2017.
Enhancing the Security of the Cryptocurrency Ecosystem
The cryptocurrency market's volatility and the collapse of the FTX exchange have prompted regulators to implement stronger regulations. The ECB has finalized the Regulation of Markets in Crypto-Assets (MiCA) to harmonize regulations across the EU. The Federal Reserve aims to restrict cryptocurrency banking activities. While regulations are necessary, finding the right balance between regulation and innovation is crucial. The EU has approved the Markets in Crypto Act (MiCA), establishing the world's first comprehensive regulatory framework. These regulations will enhance transparency, trust, and risk management. Striking a balance is essential to ensure a safe environment for crypto enthusiasts and investors.
Cryptocurrency Regulation – what would be the purpose?