World Reward Coin (WRC) — Whitepaper
1. Introduction
WRC is the native token of the World Reward Platform — a decentralized bounty engine designed to ensure fairness, transparency, and automation in Web3 contribution systems. It addresses the persistent issues of trust, delayed rewards, and centralized control. By leveraging automated validation, on-chain transparency, and a reputation-based model, WRC empowers a global ecosystem where contributors are fairly rewarded and projects are protected.
Verification is handled through the platform’s internal trust mechanisms, including identity binding, behavioral analysis, and public score history. Optional integrations like World ID or similar tools may be supported for users who prefer added identity assurances, but these are not mandatory or central to the platform.
2. Problem Statement
- Manual validation slows down campaigns
- Many contributors are left unpaid or unfairly disqualified
- Bots and fake submissions reduce quality
- No escrow protection = no accountability
- No long-term reputation or history system
3. Vision
“In Web3, trust shouldn’t be based on hope — it should be coded.”
- Projects only pay for verified contributions
- Contributors are paid fairly and transparently
- Reputation is earned and publicly visible
- Fraud and favoritism are eliminated
4. Key Features
- 🔐 Escrow-secured Campaigns
- ⚙️ Automated Proof Validation
- 👥 Flexible Identity Options (Wallet, Social, or Optional Proofs)
- 🌍 Global Participation with On-chain Reputation
- 💸 Partial Payout System (30%, 60%, 100%) Based on Score
- ✨ Premium Features via Token Utility
5. Platform Architecture
Built on EVM-Compatible Chains (initially targeting World Chain, subject to compatibility)
- Smart contracts for:
- Escrow and payment distribution
- Proof and validation logic
- Premium feature access and staking
- Reputation score calculation
- Off-chain backend (e.g., Next.js) handles UI, external validation APIs, and performance scaling
6. Token Overview
Coming Soon
7. Token Utility
Coming Soon
8. Token Distribution
Coming Soon
9. Ecosystem Dynamics
Coming Soon
10. Reward Model
- Contributors are rewarded based on validation score: 30%, 60%, or 100%
- 100% of the reward is claimable in the campaign’s funding token (WR Coin or stablecoin)
- WR Coin grants additional utility within the platform (staking, upgrades, etc.)
- Contributors may file up to 3 appeals per account for system review in case of unfair validation
11. Monetization & Platform Fees
- Fee is charged when client tops up balance (stablecoin or WR Coin)
- Fee is also deducted at the moment rewards are sent from escrow to contributors
- No fees during campaign creation or user registration
- Fee model is upgradeable and governed on-chain in later stages
13. Token Sale & FDV
Coming Soon
14. Governance
Future DAO will control:
- Platform fee parameters
- Token staking structure
- Ecosystem allocation rebalancing
- Proposal voting and upgrades
15. Security & Audit Plan
- Smart Contracts:
- To be audited by independent third-party security firms before mainnet launch
- Covers escrow, validation, payout logic, and proxy upgradeability
- Backend Protection:
- API rate limiting to prevent abuse
- Identity checkpoints (optional wallet binding or social auth)
- Submission score models to prevent false approvals
- On-chain Visibility:
- All payments and submissions are transparent
- Public reputation data prevents manipulation
16. Risks & Mitigation
| Risk |
Mitigation |
| Dumping post-DEX |
Token release is gradual; usage is incentivized (staking, premium) |
| Ecosystem fund abuse |
Escrow + campaign payout logic prevents misuse |
| Bot/fake submissions |
On-chain reputation + behavior scoring system filters fraud |
| Identity exploitation |
Optional KYC or social-linked proofs, not mandatory |
| Chain incompatibility |
Platform will migrate if current chain cannot support full logic |