Frequently Asked Questions (FAQ) & White Paper

We can answer your complex questions directly, feel free to contact us with anything. But below are a few standard questions we hear a lot and a whitepaper or master plan (depending on whether you are a geek or super villain).


Are there risks involved with AWB (Active World Bits?)

Yes, please carefully read the document titled “Risk Factors” and ensure that you completely understand the risks involved prior to doing anything with AWB. It should be considered high risk.

What is Ethereum?

According to the Ethereum.org website, ETH is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.

What are the advantages of running AWC applications on Ethereum?

First, the blockchain provides improved security to AWC through cryptography and by removing single points of failures. For any operation to be valid on this new architecture, it has to be approved by thousands of independent computers in a peer-to-peer network through a proof of work protocol.
Second, the blockchain provides the necessary tools to create digital tokens that may be used as in-app currency for transactions related to digital products and financial services. As the tokens will be on the blockchain, they may offer qualities traditional centralized payment methods such as credit cards lack. For instance, with the tokens, users can protect personal identifying data from becoming a security risk when transacting business.
Third, even when data is collected, it is not stored in centralized servers that can be hacked or compromised through single points of weaknesses. Also, the Tokens will support micropayments with the location of the sender and the receiver notwithstanding. This is especially important considering no one centralized payment method is available in all countries and their models can hardly support micropayments.
Fourth, through cryptography of private and public key, it is easier to create truly private networks on applications on a public blockchain with accessibility offered through keys of issued tokens. We believe this feature will make AWC a unique service as it will enable users to have more control over who they invite to the private member networks they create on the AWC platform. Members will not be relying on trusted third parties to secure their data.

Explain what AWB Tokens Do?

The AWB Token is a digital token that is backed by utility & services. It partially gains value through exclusive offerings and the continual addition of Club contract services, products, and bartering opportunities. The Club strives to maintain proprietary and utilitarian executive products and services. The AWB Tokens will be integrated with merchants, exchanges, and wallets. AWB will publish exclusive international offers of services, merchandise, and opportunities for bartering to its members.

What is the goal of the community build out phase Explain what AWB Tokens Do?

AWC’s goals in the community build out period are to 1) Identify social interest in the project and 2) Create a strategy of promoting international growth 3) to recruit the minimum target of 1000 members. AWB Tokens are for various uses within the Club community.

How is the AWB Token used?

AWB’s use of the Ethereum will be on two fronts; to design a verifying membership platform model to run on a peer-to-peer network and use it to create and facilitate the use of digital tokens members and their communities will use for bartering and transfer of assets and interest. ETHERUM will enable the use of the platform to create private networks with access by Members only and/or invited guests. Access Control is determined by the Client. The executive bartering club is a significant untapped market opportunity.

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And Now ...

 

Bartering Network

 

ACTIVE WORLD CLUB

Built on the premise that there should be a more perfect means of value exchange, the Club strives to provide a decentralized cashless platform for bartering products and services. But we have to start somewhere...

Eventually, there will be several levels of club membership all of which offer different options for services, rewards, and exclusive opportunities. Some of the planned services provided to members of AWC will include a crowdfunding platform, multi-media marketing capabilities, medical savings plans, a legal services package including credit protection, legal counseling, debt mitigation, preferred financing, transfer agency services for corporate ownership ledgers, and other corporate essentials. The basic membership will scale up from need based services to exclusive luxury and recreational experiences. The highest levels of membership include exotic car rental, exclusive travel, event tickets, and experience centered rewards. All of these levels will be built around a profitable revenue model that encourages the participation of service providers. The AWB Tokens will also be used by members to take advantage of exclusive offers and limited time promotions from club service providers.The Active World Club (“AWC”) is a members only barter and trade club being built on the Ethereum (“ETH”) open source blockchain as a decentralized application (“DApp”). The club and members will use club Active World Bits (“AWB”) Tokens to barter, trade, and take advantage of a suite of product and service offerings on an international level. The bartering for products and services will include core offerings that executives, business owners, and discerning customers use regularly for personal and corporate purposes and will strive to maintain proprietary offerings of luxury goods, executive products, and services. AWC will also focus on offering executive level perks and recreational experiences for elite and exclusive club members to barter. The AWB Tokens will eventually be integrated for use with club merchants, exchanges, and wallets. AWC Members will enjoy specific financial and conversion services using a proprietary concierge for exchange and negotiation. This will include cash to token physical exchange capability and AWB Token purchases using credit cards and innovative secure wallet technologies. Through the concierge, AWC will also handle the facilitation of token payments between club members, club service providers, and club product and brand offerings. The AWB Tokens will be used for interclub transactions between members and member companies.

The AWB tokens have been built on the Ethereum (“ETH”) blockchain. ETH is a popular cryptocurrency and blockchain system based on the use of tokens which can be bought, sold, or traded. There are several different tokens which may be used in conjunction with ETH, and these differ from ETH, which is the currency native to the ETH blockchain. AWB Tokens, in this case, represent a digital currency that can have a variety of values attached within the club environment. They can represent assets as diverse as vouchers, IOUs, or services offered by other club members. In this way, tokens are essentially smart contracts that make use of the ETH blockchain.

AWC QUICK FACTS

Contact Information: 

Website: www.ActiveWorldClub.com

Twitter:

Facebook:

Instagram:

LinkedIn:

YouTube:

Email:

 

AWC MEMBERSHIP TIERS

Membership Breakdowns: 

All membership levels come with free AWB tokens to spend within our Active World Club barter and service environment. Or just save as many tokens as you can as a great stored value solution for an escape from volatility. Each AWB token is currently equal to $5 USD.

 

  1. $500 Basic annual membership (50 free AWB tokens) - access to concierge and in club bartering for goods and services. Use of AWB tokens and other crypto assets. A great level for friends and family to help us launch a new crypto powered club with benefits lasting well into the future.

 

  1. $5,000 corporate annual sponsor (500 free AWB tokens) - access to full concierge services and exclusive in club bartering for goods and services. Use of AWB tokens and other crypto assets. Plus, actively promote your own goods and services to fellow club members and get featured in our private targeted advertising and marketing to other members. Offer your own customers the opportunity to settle transactions and purchases using crypto assets, tokens, or coins. A huge benefit for our corporate sponsors and a great addition to your marketing strategy including concierge negotiated bartering.

 

  1. $50,000 silent partner (5000 free AWB tokens) - all the benefits of the other 2 levels with the added incentive of a lifetime membership. Perfect for venture capitalists and investors to get in on the ground floor of the best new crypto powered bartering club. Store long term value in AWB tokens and enjoy additional perks, gifts, and bonus AWB distributions based on the number of tokens you hold at any given time.

 

ACTIVE WORLD CLUB

AWC is a decentralized bartering club providing a core group of targeted service offerings that make it easier for executives to manage national and international business operations. These offerings may include: 

  • Financing Alternatives
  • Access to Exclusive “Deal Sheet”
  • Crowd Funding Opportunities
  • Private Flights
  • Luxury Travel/Car Rental Services
  • Security/Catastrophic Event Protection
  • Legal Services
  • Accounting/Bookkeeping
  • Debt/Conflict Mitigation,
  • Advertising/Brand Management,
  • Business/Personal Credit Protection
  • Payment Processing,
  • Event Scheduling
  • Many

Eventually, AWC will offer auction and acquisition services for discerning members looking to add to their auto, art, or high-end collectibles portfolio. Some of these services include procurement and international concierge offerings. The Club is particularly interested in the establishment of services surrounding the collectible automobile industry through its Velocity Auto Concierge. These may include opportunities for fractional ownership of rare vehicles, secure storage and transport, and exotic financing and personal loan options.

Executives and wealthy individuals often have the need for creative financing options to support collections and acquisitions, or bridge liquidity between investments. AWC will offer custom financing packages to Club Members that are not readily available through the international banking industry. These packages will cater to the unique circumstances of each individual and or business. Some services offered may be cash repatriation, trust and charitable donation planning, estate and generational wealth transfer, and the facilitation of 1031 exchanges and related opportunities like utilization of new Qualified Opportunity Zones.

 

 

AWC SOLUTIONS & INNOVATIONS

 

  • AWB Tokens allow for near-instant value transfer between members & service
  • AWB Token purchases available using innovative secure wallet
  • Specific financial & conversion services using the AWC concierge
  • Proprietary exchange, wallet, and market making in a closed
  • Club members get access to vetted service providers for bartering.
  • AWC will have an application program interface (“API”).
  • Use of unique AWB Token for membership rewards and club trade & barter.
  • Self-learning neural system for automatic transaction
  • Social networking portals and
  • Online auctions and bartering.
  • Service for physical goods and barter.
  • Using a smart contract while trading and barter.
  • Maximizing benefit of fees by bundling services and
  • Eliminating Token volatility through proprietary market
  • Providing exclusive and rare offers to discerning
  • Meeting the business and personal luxury needs of exclusive elite members
  • Trade is ensured with deposits of each of the participants and purchase of AWB
  • Trade is made after purchase settlement & verified through club membership concierge.

 

PREFERRED PARTNERS

 

* A portion of all proceeds from memberships sales will be donated to St. Jude’s Children’s Hospital, Building For Him India, and other charitable organizations.

 

 

TBA

 

 

INITIAL TOOLS


Proprietary Token Exchange:              
AWC Members will enjoy specific financial and conversion 

services using a concierge exchange. This will include cash to token physical exchange capability, AWB Token purchases using credit cards and innovative secure wallet technologies. Facilitation of token payments between club members and service providers.

“The Deal Sheet”:                               

is a proprietary list of barter opportunities for members looking to trade services and assets in a cashless transaction. In addition to basic merchant services and products, the club seeks to provide opportunities for members in the luxury and high end markets. Some additional business opportunities for trade and barter may  range from financiers looking for projects in specific industries, to companies seeking funding and or companies looking to expand their business through barter and trade. The Club's proprietary concierge and AWB Tokens will help to facilitate these opportunities.

Micro-Investment Opportunities:         Through “The Deal Sheet” AWC will be exposed to multiple

AWB Token Investment opportunities. AWC members will be able to “club up” on particular projects thereby gaining access to larger investments without having to over leverage themselves (i.e. a group of members may want to “club up” to do a $50,000 real estate project in Philadelphia or a $4mm spec project in the Hamptons). Through this “club up” feature, smaller investors gain access to larger and potentially more stable projects using AWB Tokens.

Referral Marketing:                              Referral marketing is a great tool for companies that have a

product or products but do not have a large sales and marketing budget. Referral market works by allowing third party people/companies sell your product through their stores, to their clients and or through their social media channels on a commission only basis. This allows smaller companies to build a large salesforce and create a large brand presence without spending millions of dollars on advertising and sales staff.

Due Diligence Guides:                         Whether you are an investor, buyer, or seller, our due diligence

guides assist you in knowing what to ask for as an investor or buyer and as a seller they prepare you for what investors and buyers typically want to see before entering into a transaction.

Credit Building/Repair:                        Many small business owners do not know how to go about the

process of building credit for their new venture and as a result they end up using their credit putting them at risk or worse damaging their credit. By being part of the AWC, business owners will have access to credit building or repair services to help them move forward and protect their future.

Liquidation Service:                             Through the lifecycle of a business there are times when

companies are backlogged with inventory, equipment or other assets. AWC members can turn to one another through barter and trade and create liquidity and cash to finance the future.

Turn-Around Service:                          Many businesses take on debt in various forms from time to

time. As market conditions change those debts can put a strain on the operations and can even threaten the overall business. AWC club members can turn to Preferred Partners who specialize in slowing, stopping, negotiating and often times eliminating burdensome debts.


FREQUENTLY ASKED QUESTIONS

Are there risks involved with AWC?

YES, please carefully read the document titled “Risk Factors” and ensure that you completely understand the risks involved prior to doing anything with AWC.

What is Ethereum?

According to the Ethereum.org website, ETH is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.

What are the advantages of running AWC application on Ethereum?

First, the blockchain provides improved security to AWC through cryptography and by removing single points of failures. For any operation to be valid on this new architecture, it has to be approved by thousands of independent computers in a peer-to-peer network through a proof of work protocol.

Second, the blockchain provides the necessary tools to create digital tokens that may be used as in-app currency for transactions related to digital products and financial services. As the tokens will be on the blockchain, they may offer qualities traditional centralized payment methods such as credit cards lack. For instance, with the tokens, users can protect personal identifying data from becoming a security risk when transacting business.

Third, even when data is collected, it is not stored in centralized servers that can be hacked or compromised through single points of weaknesses. Also, the Tokens will support micropayments with the location of the sender and the receiver notwithstanding. This is especially important considering no one centralized payment method is available in all countries and their models can hardly support micropayments.

Fourth, through cryptography of private and public key, it is easier to create truly private networks on applications on a public blockchain with accessibility offered through keys of issued tokens. We believe this feature will make AWC a unique service as it will enable users to have more control over who they invite to the private member networks they create on the AWC platform. Members will not be relying on trusted third parties to secure their data.

Explain what Active World Bits / AWB Tokens Do?

The AWB Token is a digital token that is backed by utility & services. It partially gains value through exclusive offerings and the continual addition of Club contract products services. The AWB Token will strive to maintain proprietary and utilitarian bartering of executive products and services. The AWB Tokens will be integrated with merchants, exchanges, and wallets. AWC will publish exclusive international offers of services, merchandise, and opportunities to its members.

What is the goal of AWC what do AWB Tokens Do?

AWC’s goals are to 1) Identify social interest in the project and 2) Create a strategy of promoting full token exchange listing and 3) to generate minimum membership revenue target of $5,000,000.

How is the AWB Tokens used?

AWC’s use of the Ethereum will be on two fronts; to design a verifying membership platform model to run on a peer-to-peer network and use it to facilitate the use of Active World Bits / AWB digital tokens which members and their communities will use as in-app currency. ETH will enable the use of the platform to create private networks with access by Members only and/or invited guests. Access Control is determined by the Client. The Active World Club is a significant untapped market opportunity for cashless bartering.

AWC has the possibility to create the largest crypto powered business bartering marketplace.

Why use the Blockchain?

Specifically, blockchain technology has ushered in an era of decentralized architectures that is disrupting how people share, secure and use data as well as how they send and receive value over the internet. The blockchain offers effective ways of running buy sell transactions in public or private venues, and back-office management through public and private peer-to-peer networks with little compromise to the security and privacy of users and their data.

On these networks, nodes use protocols such as proof of work (PoW) to execute processes and arrive at consensus on the status of applications. The first application that was successful on the blockchain is a cryptocurrency—bitcoin. Since 2009 when bitcoin went live, developers have designed and created more blockchain applications.

AWC is one more addition to the growing list. Of the most interest, are smart contracts on the ETH blockchain. These are agreements written in code that self-execute automatically when pre-defined conditions are met. It is through this application that AWC plans to develop its platform on top of Ethereum and use it as a virtual machine to execute operations. AWC will build its verification membership platform onto the ETH blockchain. It will also create tokens Active World Bits (AWB) on the blockchain that will serve as in-app currency. AWB tokens will deter spamming and reduce instances of non-useful members.

What are the next development steps?

The next development steps for AWC are to 1) Move to the ETH Blockchain, 2) Link to Private or Member only sites that are accessible through public-private key cryptography 3) To integrate the decentralized storage or hosting services through the IPFS protocol within six (12) months of launch. We will also create an API functionality.