CREDIT

The weight of the world's debt 192 000 billion € represented 324% of global GDP at the end of 2017, more than 3 times the annual economic activity of the planet.

In order not to transpose the excesses of the current system into the new system, foreign currency credits will remain under the responsibility of the issuing banks.

The credit will be financed solely by real savings: investment funds, crowdlending and crowdfunding will ensure only loans in the form of participations or credits in WAT$.

The rate of remuneration of WAT $ is fixed at 1%.

Unlike the current system, the creation of WAT $ will not be done by the issuance of credits by banks.

The money supply will always be equal to the total working hours of the world population recorded in the blockchain register.

Unlike the gold used as a monetary standard, the hour of work will remain an inexhaustible resource.

1 WAT$ loan = 1 WAT$ issued = 1 WAT$ real

=

1 hour of work without qualification.

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