HomeCOINSWhat Is 1peco (1PECO)? Complete Guide Review About 1peco.

What Is 1peco (1PECO)? Complete Guide Review About 1peco.

What Is 1peco (1PECO)?

In addition, the coin is also used as a means for Private Citizens to convert poco points obtained through various ecosystem economic activities into real values in order to provide liquidity of poco points. Private Citizen’s job selection and NFT purchase (Job selection and NFT purchase with poco points will be available for a certain period of time in the initial launch. When 1peco coins are listed on multiple exchanges, the use of poco points will be halted.

1peco Storage Key Points

Coin BasicInformation
Coin Name1peco
Short Name1PECO
Circulating Supply149,999,961.00 1PECO
Total Supply10,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Residents & Private Citizens

Residents can acquire 1peco points through economic activities in the 1eco ecosystem, and after becoming Private Citizens, they can acquire more poco points through additional job activities. The 2FA(2 Factor authentication) by Google will be used in the early stage of 1eco ecosystem but DID will be applied when the rights become available. DID is used as an essential authentication method for users to engage in various economic and business activities within the 1eco ecosystem.

Business right holder

Real-world small business owners and companies can acquire a business license, and in the 1peco ecosystem, they can promote their real-world businesses by conducting various publicity and marketing activities towards Residents and Private Citizens.

1eco Alliance Partner

Significant, real-world alliance partners can receive incentives such as partner alliance rewards through sharing and participating within the 1eco ecosystem. For example, alliance partners can earn rewards for holding events that attract new Private Citizens and Business Citizens.

1eco Chain Overview

1peco Chain is built on Ethereum (ERC20-based) to optimize as the most suitable structure for the 1eco ecosystem. It is based on a Smart contract for 1eco governance coin and 1peco utility coin to interact with each other. And a DID(Decentralized IDentity) to prove and manage participants in 1eco ecosystem on Hyper ledger Indy. Also, 1eco Chain is an open platform that considers the possibility of connections with multiple blockchain networks such as Ethereum-based Utilicoin, BSC-based utility coins, and NFT, which are scheduled to be used in various services to be launched in the future.

1peco Chain implements actual economic activities of users in an Inter-verse provided by the 1eco ecosystem. To this end, they provide distributed identity certification (DID), contract and transaction (Smart Contract), wallet by subject, crypto-based settlement and payment (Payment Gateway), MyData, Ethereum (ERC-721), and non-alternative digital asset issuance (NFT) and transaction functions.

DID(Decentralized Identity)

1peco based on Hyper ledger Indy is essential and integrated for the authentication method of users (individuals, organizations, and operators). DID will be issued and saved for users at the initial authentication for a certain service, then users will no longer need an additional authentication for other services. Moreover, DID will be used for authentication for integrated management of wallets to reserve multiple coins and NFT to be added in the future in 1eco ecosystem.

Future Scalability

In the 1peco Chain, the DID (Decentralized Identifier) including various authentication methods will be used to distinguish Non-Fungible Tokens (NFTs) in user economic activities within the 1eco ecosystem. It develops into a digital assetization by converting economic activities into data according to each user’s life cycle.

Chain Governance

The 1peco Governance Committee will be organized in the form of a partnership for strategic operation of DID nodes. DID nodes will be practiced when governance partners with voting rights satisfy the requirement for participation. In the meantime, DID nodes management is delegated to the foundation. Once the 1eco governance committee is established properly, it will be governed jointly by the foundation and selected partners.

The organizations in close cooperation with the foundation in the mid-to-long term will participate as DID nodes as follows technology entity to be capable of running a sustainable business or the other entity in charge of infrastructure to expand the ecosystem.

DID node operation

Governance partners in 1peco ecosystem shall build, operate and manage DID nodes. Moreover, they would have to respond to bugs, failures and also, communicate with the foundation. The partners operating DID nodes should stake a certain amount of 1eco governance coin. The size and reward for staking will be decided by voting between DID nodes.

Governance Participation

The 1eco Governance Committee shall actively participate in decisionmaking for business operation, expansion, and improvement in 1eco ecosystem. Committee will try to make a consensus considering trends and obligations regarding virtual currency through regular meetings.

Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .