whitepaper · (coworking) through blockchain technology is our mission as a company, achieving a...

� D E �1 3 0 Workchaincenters Whitepaper

W H I T E PA P E R W O R KC H A I N C E N T E R S

W O R K S PA C E S D I S T R I B U T E D F O R T H E T E C H C O M M U N I T Y

www.workchaincenters.io

http://www.workchaincenters.io

http://www.workchaincenters.io

I N D E X

1. Introduction 4 ....................................................................................................

2. Concept 7 ...........................................................................................................

3. workchaincenters Tokenization 10 ........................................................................3.1 Functionality and Purpose 10 .................................................................................................3.2 Caracterization of the TECH Token 12 ....................................................................................3.3 Usability of the TECH Token 18 ..............................................................................................3.4 TECH token distribution through the initial coin offer system (ICO) 19 ......................................3.5 Additional TECH Rewards 20 ................................................................................................

3.5.1 Presale 21 ......................................... ......................................................................

3.5.2 Massive Sale 21 ......................................... .............................................................

3.6 Funds distribution 22 .............................................................................................................3.7 Governance of workchainceners through the TECH token 23 ...................................................

4. Legal 24 .............................................................................................................4.1 European Union 24 ...............................................................................................................4.2. For the rest of the world 25 ..................................................................................................

5. Future development 25 ........................................................................................5.1 Our Team 25 ........................................................................................................................5.2 Appendix A: Blockchain Technologies 27 ...............................................................................5.3 Appendix B. Application Architecture 28 ................................................................................5.4 References 30......................................................................................................................


C O N C E P T

This document describes the first decentralized implementation of shared workspaces

Based on the well-known business model of shared work spaces, the workchaincenters project turns traditional office rental into a new generation community ecosystem where anyone can share, sell or rent high-quality workspaces using the digital tokens founded in Ethereum and Waves.

Workchaincenters Tokens not only fulfill a practical function, they also have their own added value based on a tangible physical product: this is precisely what manages to elevate workchaincenters over other projects that use the Tokens, since the combination of a platform of shared work spaces, with unique services and facilities, and the use of a cryptocurrency creates a remarkable and high value platform for everyone in the entrepreneurial technological ecosystem.

The conception of the project as well as the essence of its elements are detailed in this proposal.

First of all we want to emphasize that these are work spaces, which are detailed below, which have already been acquired and which are a reality. It is not a future project based on the evolution of this proposal, it is a reality already underway, with real spaces that can be used. And although it is a proposal of physical spaces, the location does not close the attraction to people or institutions that are only close to them since the usability of the token makes it possible to extend the business model not only to the use of spaces, but to rent them to other people through the possession and subsequent rental of the token through the Waves platform as described later in this document.

1 . I N T R O D U C T I O N

Real estate is one of the most conservative areas of the economy, while Blockchain is known to be a disruptive and novel technology. However, combining these two apparently incompatible elements has proved to be extremely fruitful.

To revolutionize and completely change the sector of offices and shared work centers (Coworking) through Blockchain technology is our mission as a company, achieving a fairer, more efficient and participative business model, uniting the present economy with future technology.

We Work + Knotel + Technology Blockchain = workchaincenters

Most teamwork projects are based on the concept of an infrastructure shared with the global community. The advantages that this business model has, compared to the management practices of large corporations with their strict hierarchy and internal regulations, are quite evident.

This is fundamentally true for the new technology companies, who reject the traditional model of offices in favor of working environments in productive and creative teams.

This format has gained a lot of support: according to a survey conducted by Global Coworking in 2017, the number of teamwork projects has almost doubled since 2011, and the number of co-owners is estimated at around 1.2 million with a geometric progression until 2020 (see Fig. 1).


Fig. 1: Team workspace statistics, data from Emergent Research 2017.

The number of successful teamwork projects - mainly WeWork, Spaces and Second Home - demonstrate the potential, longevity and vigor of this business model.

According to [1] «... the creative center of activities is more than the sum of its parts. It offers its participants the opportunity to have services, experience, inspiration, tools and ideas to help during the development of projects and private businesses. The creative centers represent a collective approach facing the uncertainty of the social, cultural and economic environment of the creative and innovation processes... Our studies show that the creative centers can produce a wide range of impacts including new companies, jobs, products and services new, future investments (commercial and public), talent development, retention of local talent, education and informal participation, training, urban rehabilitation, research and development, new networks, innovative organizational models, increase in the level of quality of life and adaptability.".

We believe that with the implementation of tokens the current model benefits and grows: this was the notion that inspired the creation of this project.

Through the use of a single-payment-based membership with tokens, the workchaincenters project offers access to unique shared workspaces in iconic buildings filled with history and content by themselves, all-inclusive located in leading technology centers around the world.

Workchaincenters unites one of the slowest and most traditional sectors that is the real estate rental sector for offices and work spaces shared with one of the most disruptive technologies of our time, the Blockchain.


We transform our buildings into environments where creativity, focus and connections are fostered.

This transformation goes beyond creating the best workspaces; We want to create a movement where we humanize work.

We believe in opportunities that is why our project is not a mere instrument to significantly improve the practical part of offering work spaces appropriate to the technological environment, but we go further we propose sponsorships and promotion of various activities in the facilities (meetings, conferences, courses, presentations, etc.) with selected partners and collaboration agreements with universities and public and private institutions to promote the study and development of the Blockchain technology in our workshops / laboratories, as well as the initiative and the entrepreneur entrepreneurship through the startup incubator / accelerator, facilitating accompaniment, training, mentoring and financing in their projects.

We promote local development with all the advantages of decentralization and the ideal working environment for the explosion of creativity and productivity.

It is scalable, quick to assemble, flexible in terms of time and equipment size. The rest of the proposal is broken down below.

The first section deals with the basic concept of the project and summarizes the core of the components. The second section is devoted to explaining the Token system: its purposes, price mechanics and the transfer of title or property. The rules of the Initial Currency Offering (ICO) campaign will also be discussed in this section. The legal aspects and limitations associated with this project will be discussed in the last section of the proposal.

Appendix A shows a summary of the Blockchain technologies that will play a very important role in the operation of the project. The architecture of the program is described schematically in Appendix B.

The members of workchaincenters will be able to buy and sell their tokens through the underlying and native tools of Ethereum's network protocol, implemented in the first phase of the project.

In a second stage of project development, workchaincenters members can rent their tokens through the underlying tools and native Waves protocol.

Once it's ready, token holders can rent tokens for a minimum of 5000 tokens for 3-12 months. The property of the token will not be transferred to those who rent tokens.

From the technical point of view, this means that the ownership of any amount of TECH (Token workchaincenters) is transferable either temporarily or permanently. These transactions are made p2p (person to person); therefore, both participants must reach an agreement regarding expenses and payments.

workchaincenters is a decentralized technological platform, based on Blockchain that will rent emblematic buildings to condition and manage them as a network of technology centers of training, entrepreneurship, offices and shared spaces (Coworking), in the main cities around the world, starting our expansion by Europe, Latin America and North America.


2 . C O N C E P T

Workchaincenters will also be a platform to rent, manage and develop office centers and shared spaces in the main cities of Europe and South America.

The workchaincenters spaces will be installed in historic, emblematic and "special" buildings located in the "prime" areas of more central and well-known businesses, which will give us a great "brand image" and a high heritage value added.

We will have, in our platform, a technology for generating Smart contracts that work, primarily on Waves Blockchain technology, Ethereum and / or Hyperledger, and our coworkers community will be developed according to a DAO scheme, establishing a decentralized autonomous organization where each one of its members will be able to develop and execute applications that will allow them to benefit individually and collectively.

The project will be implemented in two main stages.

The first stage (2018, estimated) is the establishment of shared work spaces in the following strategic points: Cádiz, Sevilla, Zaragoza and Málaga.

The second stage (2019+) will be the expansion of the concept to several strategic cities around the world, with preference to the most important cities for entrepreneurs of all languages, since they share a single common interest.

These cities may include (but not exclude): Sao Paulo, Buenos Aires, Bogota, Medellin, Lima, La Paz, Santiago, Mexico City, Miami, Hong Kong, etc.

These cities are called strategic points because each one is considered one of the most beneficial cities for entrepreneurs in the technology sector. These spaces will cover between 500 and 8500 square meters. We do not rule out new openings in advance.

The workchaincenters will have typical spaces in these centers (offices, space for shared use (coworking), meeting and meeting rooms, event rooms, common areas, cafeteria, etc. and, especially and particularly, each center will have a workshop -laboratory and an incubator, accelerator for startup of new technologies (Blockchain, PropTech, Fintech, IoT, IA etc.).

We want to change and completely transform the concept of traditional business centers, providing new and innovative solutions and creating an ecosystem where the entire workchaincenters community can buy, sell and rent spaces in our centers using digital tokens based on Ethereum and Waves. which will ensure the efficiency and profitability of the business model workchaincenters.

Non-members can obtain a provisional membership to the shared work spaces as long as they rent tokens from the members of the workchaincenters community.


Our income is diversified and will be obtained in several ways:

- Rental of offices to companies and individuals.

- Rental of spaces for events (presentations, talks, etc.)

- Virtual office services.

- Space rental accelerators / incubators

- Rental of workshops / laboratories spaces.

- Participation in each of the selected projects.

- Participation in selected startups.

These entries will cover the operating expenses of the business and will allow for new openings.

The token workchaincenters (TECH) is created on the Ethereum platform and is compatible with the Waves protocol (see Appendix B) through implementation of a Gateway.

We have validated our concept with two centers already in operation in Malaga and Seville, which by the way are receiving great approval from leading entrepreneurs in the technology sector who have already joined the workchaincenters community.

According to the business model presented above, both venues offer shared work spaces to members of the workchaincenters community.

To develop and establish more workchaincenters, we need to collect funds to cover start-up expenses, operating expenses of the company in charge of managing the property, as well as capital expenditures (adaptation of offices with shared spaces in strategic geographical points). To achieve this task, launching an Initial Token Offer (ICO) is necessary.

The funds raised during the ICO will allow us to undertake the adaptation of infrastructures and conditioning in the workchaincenters, adjusting the first venues to a level of cost recovery, and finally generate profits to re-invest in the adaptation of new venues.

The value of the TECH token will increase its value as demand continues to increase.

Additionally, the adoption of the token in relation to access to shared work spaces gives us a unique opportunity to establish a network among delivered community members, tenants, landlords and opinion leaders, whom we can support during the following stages of development. of the project.


Our route map includes:

1. workchaincenters Sancti Petri, Cádiz.

2. workchaincenters Sevilla.

3. workchaincenters Zaragoza.

4. workchaincenters Málaga.

With the following calendar of workchaincenters openings:

We do not rule out new openings that may occur in advance.


Our investors have great advantages to participate in our project and acquire our tokens:

• 695,000 tokens will be distributed by "bonus" or "rewards" to the owners of the tokens, in an automatic and proportional way to the number of tokens previously acquired, through intelligent contracts (see section 3.2, below).

• The owners of at least 5000 tokens will have free and free access forever in all workchain centers and will be able to sell them, rent them, assign them, change them, etc.

• The owners of at least 25,000 tokens will have free and free access and / or right and preferential conditions to promote, attend and participate in all workshops / events / events, etc. sponsored and held in our workchain centers

• The owners of at least 100,000 tokens will receive a part of profits from all the projects developed in the incubator / accelerator, through "bonuses" or "rewards", automatically and proportionally to the number of tokens, through smart contracts.

3 . W O R KC H A I N C E N T E R S T O K E N I Z AT I O N

This section describes the characteristics of the token workchaincenters (TECH), its functionality, tokenization model, classification, usability, sales and governance model. All the aspects related to the legality of this token as well as its sale form are addressed in the following section of this same document.

3 .1 F U N C T I O N A L I T Y A N D P U R P O S E

A vital part of our efficiency and profitability lies in the way we divide and assign the work zones, being the shared work spaces reserved for the members of our workchaincenters community, and the individual offices are available for other clients. The shared work spaces (coworking), will be reserved exclusively to the owners of TECH tokens, which will be the token of workchaincenters

There are 3 main reasons for adopting a tokenization system:

1. It is a means to raise sufficient funds and thus develop the project. The methodical implementation of mass sales, with carefully defined objectives and guarantees, is one of the best ways to generate capital and build a community that has an interest in its success.


2. The token represents a simple universal measure of the value for the rental of memberships to the members of the community, the increase of workchain centers, the efficiency of the shared spaces model and the operational profitability of the company.

3. The value of the token will be associated with the use of resources by the Community, regardless of the fluctuations that could make its sale more or less profitable.

The tokenization of our shared work spaces gives us a unique opportunity to establish a group of community members with shared interests, similar hobbies and committed owners who will help us with their opinions to maintain continuous improvement and seek excellence in our work.

Going into more detail on the previous point, opening venues in new cities should give way to an increase in members of the community, which in turn facilitates us to establish new agreements and trustworthy associations.

Operating profits will also increase, and this is not due to the limited sales volume of TECH tokens, but the increase in operating shares derived from our business model, as we have already described above.

This economic flow will allow us to open new offices, which will influence the price increase of the tokens, not only because each token will facilitate access to a constantly growing infrastructure. This process is illustrated in detail in the figure below.

Fig 2. Mechanics of the Token sale market.


3 . 2 C A R A C T E R I Z AT I O N O F T H E T E C H T O K E N

The characterization of TECH is provided below. As you can see, it is a token of the utility type according to Howey's classification scale, the most extended of all.

Below is the complete analysis according to the established table, with comments at the end of it.

Element 1: Money Investment

Is there a money investment?

Characteristic Points Explanation Y or N

There is no ICO as such. The tokens are delivered free of charge or are won by mining.

0 The tokens that are not sold for nothing. N

Tokens are sold based on a value

100 Tokens sold in an ICO, at any time, regardless of whether such sale is made in fiat money or with cryptocurrencies such as ether.

Y

Element 1 100


Elemento 2: Enterprise

When is the Sale moment?


Pre-development 70 The sale of tokens starts before any type of code has been displayed in a blockchain. In this situation the benefits will come from the effort of others. In this situation the buyers are completely dependent on the actions of the developers, and the buyers cannot enter the network until later.

N

The Project works in a test network

60 If the network is in operation, a more favorable case is given since the benefits will not come from the efforts of others. The closer you get to the network, the less dependence there will be.

N

The project is active 50 If the sale of the token is done once there is a network that is already using it, or the sale is made immediately before the network starts up.

Y

What do token holders have to do to obtain economic benefits from the network?


All the token holders will receive the same return

25 The payments to the token holders are made in proportion to the possession of the same, regardless of what they have contributed to the network.

Y

There is the possibility of different returns for the token holders depending on their participation and use of the assets.

-20 When the payments to the token holders depend on the effort they make in the network.

N

Total for Element 2 75


Element 3: Benefit Expectations

What function does the Token has?


Possession or interest in a legal entity, that is, a standard partner

100 The tokens that give, or intend to give, shares of traditional type, debt or other type of rights to investors with almost secure securities.

When one or more of these characteristics are given, the token is almost certainly a security.

N

Right to a profit and / or loss participation, or assets and / or liabilities

100 N

Grants titleholder status as creditor or lender

100 N

A bankruptcy claim as a holder of capital interest or creditor

100 N

A right to return the purchase price and / or interest payment

100 N

No function more than the mere existence

100 A token that has no real function, or is used in a network with no real function, is very likely to be bought with the expectation of making a profit from the efforts of others, because the actual use or participation of the owners is not possible. of chips.

Voting rights alone do not constitute real functionality.

N

No other function beyond the mere existence

0 A token that has a specific function that is only available to token holders is more likely to be purchased to access that function and is less likely to be purchased with the expectation of profit.

Y


Does the possessor need to rely on actions outside the blockchain to obtain benefits from the token?


A manual action is required outside the network (for example, outside the block chain) so that the owner obtains the benefit of the token

80 A token whose value depends on someone taking a specific manual action outside the network means that the token is not functional in itself. Instead, the token relies on a level of trust in a third party that takes measures outside of blockchain. This type of token is more likely to be bought for speculation, that is, the expectation of profit.

N

All functionality is inherent to the token and occurs programmatically

0 A token that is built with all the necessary technical permissions means that the token holder does not depend on manual actions of any third party. This means that buyers are more likely to buy the token to use it instead of the expectation of profiting from the efforts of others.

Y

At what time does the sale start?


Pre-development 20 A token that is built with all the necessary technical permissions means that the token holder does not depend on manual actions of any third party. This means that buyers are more likely to buy the token to use it instead of the expectation of profiting from the efforts of others.

N

It's working in a test network

10 If the sale occurs after the code has been deployed and tested, the token is closer to being used

N

Is operative 0 If the token is sold once there is an operating network using the token, or immediately before the network becomes operational, it is more likely to be purchased with the intention of using it instead of for profit.

Y


Can token holders exercise real control through voting?


Token holders as a whole can control the development team's access to funds

-20 If the collective approval of the token holders is required for the development team to access the funds raised in the crowdsale, then any value made by the tokens more closely linked to their own decisions, and less dependent on the efforts of others.

N

Token holders as a whole can vote on important decisions for the protocol

-10 If collective approval of token holders is required to make significant changes to the protocol, then any value made by token holders is more closely related to their own decisions, and less dependent on the efforts of others.

Y

Note: voting rights must be additional to the functionality. A token with voting rights alone and no other real functionality is very likely to satisfy the element

How is the sale of Tokens comercialized?


Marketed as an 'Initial Currency Offer' or similar

50 "It is not possible to prevent some buyers from buying a chip just for speculation, but marketing the chip as an investment leads buyers to believe they can make a profit if they keep or trade the chip, instead of using the token in the network..

The use of terms like 'Initial offer of currencies' or' ICO ', and the language related to investment as' benefits' and' benefits' encourages buyers to buy a token for speculative purposes, instead of using it '.

Y

Marketed as a Token sale

0 Marketed as a sale of tokens that give the right to access and use the network

N

It is not possible to obtain economic benefits from the use of the network

-100 If there is not really an economic return for the chip holders, it is unlikely that there is a joint venture. This will be weird

Y


Results

Guide Results of this ICO

Total points Probability of completing the requisite

0 or less Very improbable 100

1 - 33 Unlikely 75

34 - 66 Same -60

67 - 99 Probable

100 or more Very likely 0

"A token will only be a security if it satisfies the three elements, the higher the point score for each element, the more likely the element is satisfied.

For many block chain tokens, the first two elements of Howey's test are likely to be met. The third element has the most variables and the most different results according to the characteristics of the token in particular. "

Then this classification supports the statement made earlier that it is a utility type token undoubtedly.


3 . 3 U S A B I L I T Y O F T H E T E C H T O K E N

TECH is a utility token designed to allow access to work centers on a continuous basis, as well as activities and programs that are carried out. The work centers that can be accessed are those mentioned in the previous section, which will be progressively expanded according to the provisions and the votes that are developed using the governance model proposed later in this document.

In this way, and depending on the possession of said token, you have access to the following services:

● 5,000 TECH.- Full access for one person to shared work spaces in any Workchaincenters location. At each site, all services and amenities, such as Internet access, digital printers, etc., will be available to community members.

● 25,000 TECH.- Access to a private office, as long as it is available.

TECH tokens can be rented or sold equally.

The following is the form in which these operations will be carried out:

● Sale.- TECH token may be sold in any of the Exchange where this token will be available. It is an ERC-20 token, so regular Exchange will have availability.

● Rental.- The rent of TECH tokens will be made through the Waves platform that allows such action. It is considered a novel and unusual action in tokens but very useful for a project like this one, where the usability of the token is more than manifested as it has been commented before. In periods where the owners of these tokens do not need to use the facilities, they can be rented obtaining benefits for access to them. The tokens may be rented for periods longer than three months, however, such rental agreements may be canceled in advance if the participants reach an agreement.

We emphasize that the workchaincenters team can’t guarantee a monotonous increase in the value of the TECH and is not responsible for the possible losses associated with the speculative use of the tokens. In any case, access to all workchain centers, their services and functionalities are guaranteed unconditionally based on the current market price for TECH. That is, regardless of the TECH / EURO relationship, the possession of said tokens in the specified amounts will always entitle the occupancy of the centers in the forms specified above.


3 . 4 T E C H T O K E N D I S T R I B U T I O N T H R O U G H T H E I N I T I A L C O I N O F F E R S YS T E M ( I C O )

TECH is a token of the utility type, whose use has already been commented previously, and which is focused on access to offices and the contribution to governance in workchaincenters.

The token will be offered to users interested in it through the following price and constant exchange rate:

1 token TECH = 0,25$

1 ether = 750$ = 3.000 TECH

A total of 41,600,000 million tokens will be issued, of which 75% will be offered under the ICO system, leaving the rest for the promoter team, advisors and marketing units as specified in the next section. Therefore there will be a total of 31,200,000 TECH tokens offered through this system in five sections. These sections are offered under different modes of contribution and with progressive discounts.

The sales segments are the following:

TECH Tokens Bonus Bonus Tokens total Tokens

Section 0 1.440.000 20 % 360.000 1.800.000

Section 1 2.380.000 15 % 420.000 2.800.000

Section 2 3.420.000 10 % 380.000 3.800.000

Section 3 5.225.000 5 % 275.000 5.500.000

Section 4 17.300.000 0 % - 17.300.000

TOTAL 29.765.000 1.435.000 31.200.000


Two types of sale of tokens are established depending on the contribution: private sale and mass sale. To access the private sale, the minimum contribution will be 67 ethers. In the massive sale there is no lower limit of contribution. The following dates are established:

● Private sale.- It will be held from May 1, 2018 to June 30, 2018. To participate in this sale, a minimum contribution of 67 ethers (50,000 USD) must be made. No lower purchases will be accepted.

● Mass sale.- It will take place from July 16, 2018 to August 29, 2018. There is no upper or lower contribution limit for this section.

The management of the tokens during the sale will be made as follows:

● When the tokens of a section are sold out, the next section will be automatically sold, regardless of the stage of sale in which it is (private sale or mass sale)

● Purchases in installments are made in full, that is, if a person will buy 10 tokens and 8 must be of the following tranche due to the exhaustion of the previous one, the discount of the most beneficial stretch will be applied to the whole purchase, not differing from others.

● Tokens not sold at the end of the mass selling period will burn forever.

● No more TECH token will ever be issued anymore.

The funds raised during the ICO will be kept in a multi-signature purse supervised by the three members of the advisory board. The funds are transparent and will be used according to the long-term strategic plan detailed in the following section.

3 . 5 A D D I T I O N A L T E C H R E WA R D S

The usability of the TECH token goes beyond the access to workchaincenters, establishing a series of additional rewards that are part of the usability of this token. These additional benefits are established below depending on the periods of purchase.

� D E �2 0 3 0 Workchaincenters Whitepaper

3 . 5 .1 P R E S A L E

A series of additional benefits are established for the holders of TECH tokens in the pre-sale period (until June 15 for an amount exceeding 67 ethers):

• Participation of a% (to be defined) in the "incubator projects" launched within our centers.

• Participation of a% (to be defined) in the "Alma Mater Scholarships" launched within our facilities.

• Participation of a% (to be defined) in the "Worktech Laboratories" launched within our facilities.

• Right to organize events in our centers, according to the scheduled calendars.

• Right to VIP Office in any of our centers, anywhere in the world.

• Right to receive business plan of the projects that arise from our incubators

• Right to give mentoring or advice to the projects they choose and that arise from the incubators of our centers in Spain.

• Right to receive before anyone, the opportunity to invest in our future projects.

• Right to vote for the election of location of future centers.

• Right to vote for workchain incubator projects (for investors with +100,000 tokens)

• Right to vote for alma mater projects (for investors with +100,000 tokens)

3 . 5 . 2 M A S S I V E S A L E

This sale, without lower or upper limit, will grant the following advantages to the initial buyers:

• Right to use the facilities of our centers according to previously established criteria:

◦ Hot Desk (a place in the common room with more users is not fixed, nor is it a private office) starting at 5000 TECH.

◦ Private Office (office with 2 fully enabled sites) from 25000 TECH

◦ VIP Office (Private office with 3 sites and meeting room) from 50000 TECH.

• Use of common spaces. No lower limit.

• Right to attend any of the events and / or workshops organized by the centers, anywhere in the world.

• Right to sell, rent or rent the TECH of your property.

• Preferential repurchase right if there is a TECH purchase option by the centers.


3 . 6 F U N D S D I S T R I B U T I O N

Fig. 3: Token distribution scheme.

Fig. 3.1: Funds distribution scheme.


ICO TEAM ADVISORS MKR, PR and Others

Legal Work Incubator Workthecn Lab MKT and PRGeneral Operations Alma Mater Scholar Web Development Conditioning

Workchaincenters is creating a new agile and liquid investment ecosystem focused on technological spaces and communities through coworking. We are not a new startup created by university students in a garage, but a group of Spanish companies with many years of experience creating and managing businesses.

We have carefully studied and revised the economic model and strategy in order to create, maintain and grow value for all involved.

workchaincenters (TECH) is an ETH-based token that follows the ERC-20 standard.

TECH is divided into two parts. The first part is the generation of pools for the needs of the company, such as payment for location services, reference programs, rewards for rewards, etc., the second part for pre-sales for pre-ICO and ICO.

TECH will be delivered to the people who financially supported the campaign on the platform and will be accepted as payment in successive workchain projects.

Our token is not an action, the possession of a token does not convert an owner into a shareholder. We are talking about sharing rewards in the form of tokens from our technology centers planned to be opened in the future.

We are creating a system for renting work areas shared through digital tokens, our model is repeatedly tested and working well, we will begin to expand comfortable technology centers, with all the available technology that includes offices and shared work spaces (coworking), and our first investors, will be the first to benefit from it.

How these benefits will be distributed will be decided later.

3 . 7 G OV E R N A N C E O F W O R KC H A I N C E N E R S T H R O U G H T H E T E C H T O K E N

The workchaincenters system will have a governance structure by virtue of the possession of TECH token by its members. This structure will be based on the following assignments of rights to TECH token holders:

• Participation in the selection of the next workchaincenters headquarters.

• Right to participate in the decision on the prices for space rental according to the evolution and occupation of the same.

• Right to vote on the issuance of new tokens for new spaces and rights of existing users.

• Participation in the evolution of renting tokens and their management model.

• Right to participate in the decision on the introduction of the token in new Exchanges.

• Right to the proposal for voting on new usability models.

• Right to propose activities for the headquarters in which they participate.


From the workchaincenters team, it is assumed that all project participants will maintain an adequate level of respect, decency and ethical conduct. Therefore, the workchaincenters team reserves the right to revoke membership, as well as deny access to any workchaincenters site due to repeated offenses against the stipulated rules of conduct. In this case, the owner of the TECH token (or tokens) will always have the option to sell them...

4 . L E G A L

An initial offer of utility-type securities has been submitted, which will be governed by different laws depending on the states and districts where it will be developed throughout the world. The characteristics for each state are discussed below with the legality of each of the actions that will be implemented to ensure the safety of investors and the adaptation to the laws of each of the countries where the sale will be carried out..

All legal aspects of real estate transactions (including, but not limited to) the administration and negotiation of rental agreements, the maintenance and supervision of the venues and tax payments, will be coordinated by a central administration unit.

4 .1 E U R O P E A N U N I O N

For the European Union, it is based on the differentiation between accredited and non-accredited investors, and those who make an investment in excess of € 100,000 are considered to be accredited, which for purposes of this offer is fixed at 67 ethers, as has already been mentioned previously.. Based on this, the accredited investors may go to the first or second tranche of the sale and the non-accredited investors may do so on the second tranche.

In accordance with article 35 of the Securities Market Law (Royal Legislative Decree 4/2015, of October 23, which approves the revised text of the Securities Market Law), the non-publication of a prospectus is established information when the following circumstances for this sale of tokens occur:

The maximum collection limit for the European Union area and non-accredited investors (contribution less than € 100,000) of 5 million euros is set. Funds that together add up to a larger amount for this section of investors, characteristics and geographical area will not be accepted.

There is no maximum collection limit established for the European Union area for accredited investors (contribution exceeding € 100,000).

MERRILL LYNCH CAPITAL MARKETS ESPAÑA, S.A., SOCIEDAD DE VALORES is established as the financial intermediary of the issue for the European Union area.

The corresponding verification operations will be carried out through AML / YC mechanisms


4 . 2 . F O R T H E R E S T O F T H E W O R L D

The people who participate in the ICO, say they accept and know the terms and conditions described in this document (White paper) and, especially, in the legal annex that accompanies it.

5 . F U T U R E D E V E L O P M E N T

Our intention is to create large-scale venues with self-sufficient ecosystems in the most appropriate places, based on the original concept of workchaincenters, we will extend services in the venues with the idea of including restaurants, hotels, event organization and other related services. The TECH token owners will benefit from the results of the activities of our centers, in the form of prizes and tokens.

Based on business tasks and suggestions received, we can improve the functionality of the token or add new properties. The modular structure of the Waves platform lends itself to the development and extension of the properties of the token.

5 .1 O U R T E A M

Our committed team is made up of experienced "sea lions" in the sector, with many years of experience in traditional economy businesses, united with the most promising young people in the new technologies sector, specifically Blockchain, to end the combination of both in the Marketing sector.

Our extensive knowledge of the real estate market will allow us to make adaptations of emblematic buildings located in prime areas of the main cities of Europe and South America in very favorable and advantageous economic conditions for us.


http://wcc.press/legalagreement

T E A M


5 . 2 A P P E N D I X A : B L O C KC H A I N T E C H N O L O G I E S

Accounting books have been at the heart of commerce since ancient times and are used to record many things, generally goods such as money and real estate property.

Blockchain technology depends on the concept of decentralized and digital accounting books, which are fundamentally databases of goods that can be shared along a network composed of multiple sites or institutions.

All members of a network can have an identical copy of the ledger. Any change in the ledger is reflected in all existing copies in a matter of minutes, or in some cases, seconds.

Due to their nature, decentralized accounting books are difficult to attack compared to their equivalent centralized formats. Instead of a single database, there are multiple shared copies of it, so a cyber attack should target all copies simultaneously to be successful.

The technology is also resistant to unauthorized changes or manipulations with bad intentions, because members of the network can immediately notice any change in any part of the ledger.

In addition, the method by which the information is stored and updated means that the members can share data with confidence and security that at any given moment all the copies of the accounting book coincide with each other.

Typical accounting books reach a level of privacy by controlling access to data by third parties and the individuals involved. By contrast, Blockchain technology is transparent: all members of the network can examine the data in the ledger.

Privacy can be maintained, however, by breaking the flow of information elsewhere while preserving false public keys, which correspond to the members.

The network can see that a transaction has occurred, but uninvolved groups lack the information necessary to link the transaction to a specific identity.

In 2009, Satoshi Nakamoto introduced Bitcoin [2], the first protocol implementation that allows the issuance of a digital bearer instrument without the need for a third trusted entity.

This was achieved through the use of the accounting book replication system, in other words, Blockchain. Bitcoin solves the great problem of the decentralized implementation of digital cash, but its security model limits its performance and efficiency; its design supports a single indigenous good, and its virtual structure offers limited support for programs that determine the movement of goods, the so-called smart contracts.


Ethereum, launched in 2015, develops the Blockchain concept in a completely replicable mechanism in a programmable state. Although it contains a much more powerful programming language, it presents challenges in terms of efficiency and changes in gradation. Its general-purpose calculation model makes engineers have difficulty reflecting on the security of their applications.

For additional information interested readers can refer to surveys [3, 4] and graphs [5-8].

WAVES is a decentralized Blockchain platform that focuses on customized Blockchain token operations. The transfer of national currencies is maintained in Blockchain WAVES through compatible gateway operators. The exchange of decentralized tokens facilitates fundraising, crowdfunding and trading of financial instruments in Blockchain. Waves provides a simple installation procedure and a low learning curve for end users.

5 . 3 A P P E N D I X B . A P P L I C AT I O N A R C H I T E C T U R E

Fig. 4: Diagram of the infrastructure of the application workchaincenters


For the second phase of our project, we will use the Waves protocol along with its routines that will form the core of the digital infrastructure and workchaincenters functionality. The advantages offered by the Waves platform are: ease of issuing a customized token, low operating costs, a native decentralized exchange house and integrated portals for fiduciary currencies. Most of the operations can be carried out inside the Waves wallet.

The Waves platform is compatible with the Ethereum platform, through the implementation of the respective Gateway and the API's link.

We believe that in the future all Blockchain systems will be part of an ecosystem; therefore, the Waves platform was chosen as a key element for future workchaincenters applications.

The Waves platform is taking big steps to reach that goal, which naturally will create new opportunities and increase the ease of access.


5 . 4 R E F E R E N C E S

• [1] Creative Hubs: Understanding the New Economy. British Council. 2016.

• [2] S. Nakamoto Bitcoin: A peer-to-peer electronic cash system. 2008.

• [3] Distributed Ledger Technology: beyond Blockchain. UK Government

• Office for Science. 2016.

• [4] F. Tschorsh, B. Scheuermann Bitcoin and beyond: A technical survey on

• decentralized digital currencies // IEEE Communications Surveys &

• Tutorials. 2015. Vol. 18. no. 3. p. 2084-2123.

• [5] A. M. Antonopoulos Mastering Bitcoin. O’Reilly. 2015.

• [6] P. Franco Understanding Bitcoin. Wiley. 2015.

• [7] M. Swan Blockchain: Blueprint for a new economy. O’Reilly. 2015.

• [8] R. Caetano Learning Bitcoin. PACKT Publ. 2015.


https://creativeconomy.britishcouncil.org/media/uploads/files/HubsReport.pdf

https://bitcoin.org/bitcoin.pdf

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf

https://ieeexplore.ieee.org/document/7423672/



https://github.com/bitcoinbook/bitcoinbook

http://shop.oreilly.com/product/0636920037040.do

https://www.linkedin.com/in/richardcaetano/

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