Contribution Policy

Enabled WORLD Ltd (WORLD) utilises contributions to develop and deliver its offerings. Contributions can take the form of services rendered or financial funding. WORLD recognises all contributions made through the award of MOE, which reflects the “memory of effort”. MOE is recorded in the Contributor’s WORLD Wallet. Enabled WORLD Ltd shares will be held by the Enabled WORLD Foundation (Foundation) to underwrite MOE. Contributors’ participation in WORLD is directly proportional to the MOE they hold relative to MOE in circulation. Similarly, value returned to Contributors will be in this ratio. For the determination of value, MOE has been linked to the USD by applying an artificial pre-defined exchange rate, until such time as the income generated by WORLD exceeds the value of MOE in circulation. From that point in time the minimum value of MOE will be linked to the company’s Earnings, but it could trade at a higher value determined by the market.

Given the high risk nature of the initial contributions, the predefined interest rate curve reflects a 3X return over a period of three years from the project Commencement Date. For clarity; a contribution of $1 at the Commencement Date of the project has an unsecured repayment value of approximately $3 at the end of the three years.

WORLD will generate revenue from the following primary sources:

Enterprises – Fees to access WORLD Capabilities and/or Services.
Citizens – Transaction fees where hard currencies are involved.

MOE is freely tradeable between WORLD Contributors. Transfer of MOE between Contributors attracts no fees.

50% of Earnings each month will be allocated for the redemption of MOE and will attract a service fee being the lessor of 1% of the redemption value or USD 10. All other costs associated with the redemption of MOE will be for the Contributor’s account. WORLD reserves the right to force redemption.

Certain trigger events may result in the Foundation transferring all of its shares to Contributors holding MOE. The Contribution Policy will automatically terminate with that event.

Material changes to the Contribution Policy have to be endorsed by a majority Vote of Contributors.

Definitions

Citizen – A user, entity or artificial intelligence that has a WORLD ID.
Commencement Date – 1 January 2017
Contributor – Someone that contributes services and/or financial funding directly to WORLD.
Earnings – Income from commercial activities less operating expenses, finance costs, depreciation and taxes.
Foundation – The Enabled WORLD Foundation will be registered in Mauritius.
MOE – Reflects the “memory of effort” of all contributions made to the WORLD project. Effectively MOE represents a Contributors participation in WORLD.
MOE is both singular and plural, so one MOE and many MOE.
MOE is denoted by the # symbol after the value; eg MOE 1000 = 1000#.
MOE is a metric; eg 1000# = 1k# (kilo-MOE)

Vote – The weighting of a Contributors vote is in proportion to the MOE they hold with respect to MOE in circulation at the time of the vote.
WORLD Wallet – A detailed record of all a Contributor’s MOE transactions.
WORLD – Enabled WORLD Ltd is incorporated as a domestic company in Mauritius.