Question 1

What is World of Retail Token (WRT)?

Accepted Answer

World of Retail Token (WRT) is a decentralized cryptocurrency that operates on a network of computers using the Ripple consensus algorithm to settle and record transactions on a secure distributed database known as the WRT Consensus Ledger (WCL). This technology facilitates direct account-to-account settlements without the need for a central operator, enhancing transaction immutability. The WCL also features a built-in currency exchange, employing a path-finding algorithm to find competitive exchange rates across different order books and currency pairs.

Question 2

What is World of Retail Token (WRT) used for?

Accepted Answer

The primary use of WRT revolves around its ability to provide a secure, scalable, and distributed platform for cryptocurrency transactions and foreign exchange trading. Its decentralized nature ensures direct settlements between accounts, a competitive foreign exchange market, and transaction security through cryptographic signatures. The platform is designed to handle the global volume of cross-border payments efficiently, providing users with easy access to liquidity.

***Although 'WRT' was the ticker assigned at the deployment of the World of Retail Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'WORLDOFRETAIL' has been adopted for this token. This designation ensures that assets are distinctly identified.***

World of Retail Token

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