white paper
We will make the world intelligent
Humanity can experience a much better and improved world, especially as people become more knowledgeable, creative, successful, educated and informed. Take your own day to day life for an example, you encounter many simple and complex people every day with many different personalities and dispositions. One individual personality might torment you in many ways, and on the other hand you can benefit immensely from another. With the advent of information technology as well as the unprecedented impact of technological innovations on globalization, and also the massive increase in the plethora of ways that we are now socially and economically interconnectedness, increasing the knowledge and intelligence of all societies exposed to these developments is very important. A more intelligent world will make all our encounters much more effective, productive and harmonious than it is now.
If you are reading this it means that you are most likely interested in a cryptocurrency-based investment. Perhaps you are looking for an alternative to the well-trodden paths of conventional investments in stocks, bonds and properties or maybe you have stumbled upon this extraordinary cryptocurrency investment opportunity. Maybe a friend of yours has invited you into this world, maybe you came across this opportunity through your own research; the point is that you would have never been exposed to the information you are accessing now if you or your friend did not try to understand the world by reading and researching extensively and with dedication.
Book Worm intends to become the very first educational/knowledge focused project in cryptocurrency, with our E-Book library platform we will be able to meet this purpose through the establishment and development of a state-of-the-art platform designed from the ground-up to be an appealing, innovative and attractive platform for knowledge seekers of all kinds to enjoy reading and also participate in cryptocurrency investments. Book Worm’s strategy is to make reading possible for all humans around the world with access to an internet connected device, not only free reading, but reading to gain. Our authors will benefit from connecting to an endless market size, without any geographical, language, publishing rules and payment limitations. Users can access our books by simply staking their tokens and enjoying the endless world of knowledge available for the benefit and enjoyment.
The Best Hobby You Can Have
What is the definition of a hobby? An activity that is done regularly, mostly in a person’s free time for enjoyment. So can book reading be a hobby? Definitely, YES! You can read books whenever and wherever you want, you can decide from a wide genre what you want to read, and enjoy the time you are doing so. Reading as a hobby is a worthwhile and valuable use of your time and energy; regular reading has many advantages and we want to point some of them out below in this section of our White Paper:
1- Reading makes you more intelligent
Books are a very rich source of information. With every book you read, you get to learn new things. Reading books one way or another, will add more depth to you knowledge base. The more you read, the more you get to know about different places, cultures, people and their experiences and knowledge they have amassed over a long period. With your knowledge growth and increase, you will be able to make better choices and decisions in your life. You become more aware of many new and different things in the world surrounding you and you are able to understand these things better. “The more that you read, the more things you will know. The more that you learn, the more places you’ll go.” - Dr. Seuss
2- Discovering Yourself
Every Good book opens up new dimensions of your mind; while reading your mind tries to somehow connect the events, emotions, experiences, and characters in the book to yourself. This will not only keep you engrossed in the book but it helps you find out how you would react and feel about those experiences that haven’t yet occurred in your own life. So with every turn of page, you have the chance to discover a whole new part of yourself. “A reader lives a thousand lives before he dies . . . The man who never reads lives only once.” - George R.R. Martin
3- Imagination
The written word makes your brain the biggest stimulator in the world. Creating those written scenes, seeing and feeling things you would have never experienced in real life. Take Harry Potter books for an example, there would have never been a Hogwarts without the books, but now everyone knows where this imaginary place is and what the purpose of it is. This visual imagery experience of the right side of your brain, widens your imagination. It opens up your mind to new opportunities, possibilities, and world of ideas that enhances and multiplies your imaginative powers. This practice will boost your creativity and help you find many new solutions to your daily tasks and challenges because you will have many new perspectives on things. “Books serve to show a man that those original thoughts of his aren’t very new after all.” - Abraham Lincoln
4- Inspiration
Human life is full of complexities and problems. There are moments in life we might feel discouraged or frustrated, in such times we most likely just need a little motivation, a little push in the right direction. Reading a good inspirational book in such times can give us hope and motivate us. We can derive great inspiration from such books and transform our lives positively. “Show me a family of readers, and I will show you the people who move the world.” - Napoléon Bonaparte
5- Memory Enhancement
While reading a book there are many new things that we learn and retain for use in the future (even long after we have finished reading a book). When finished you will be using the knowledge in your daily life and keep referencing the book to your friends, family or colleagues. This practice of memorizing information as you read will keep your mind active and enhance your memory. Also studies have shown those who read books a lot are less likely to get Alzheimer. A good memory can help you in every step of your life, job, education, etc. “There are worse crimes than burning books. One of them is not reading them.” - Joseph Brodsky
E-Books or Printed Books?
E-Book (Electronic Book) is a digital form of a book, consisting of text or images or both, readable on electronic devices, such as computers, smartphones and tablets. Despite the extensive earlier history, several publications report Michael S. Hart as the inventor of E-Books, in 1971. They come in many forms, PDF, EPUB, MOBI, etc. A long and old debate has always been between E-Books and printed books fans, but before now there wasn’t a Book Worm project to finish this debate. Cryptocurrency has given us the possibility to do many impossible things. The creators and developers of cryptocurrencies have always managed to bring good innovations to the digital world. Book Worm will combine E-Books and cryptocurrency to make another impossible to a possibility, Make Money Reading (our slogan). Here is a list of older but true reasons why E-Books are better:
- One Device, Many Books
- Accessible Everywhere
- Updateable content
- Easy on the eyes
- Interactive Elements
- Environmentally Friendly
- E-Books are Instant
- Built-in Dictionary
- Font size and style
- Easy Access to Indie Titles
E-Books are portable and lightweight, making it easy to carry them around in your smartphone or E-Book Reader which can hold thousands of books and save a lot of space for you.
With our application you will be able to access your books offline and online and all your bookmarks, notes and other functions.
Authors will be able to update their books and edit them if needed, so you will always have access to the latest published version of the book.
Brightness of the screen will be adjustable to the time of the day and depending on your preference.
Users are able to bookmark a certain page, make notes, search a keyword, and many more options.
E-Books are environmentally friendly. It totally eliminates the paper printing process, saving printing costs for the publishers. Approximately 2.2 million books are published annually, using up to 3 million trees! If paper printed books were replaced with E-Books, it could save all those 3 million trees from being chopped down. Transportation of all the raw material to produce printed books also doesn’t come cheap and transportation always comes with pollution.
In a pandemic like Covid-19, being indoors and being sanitized has shown its importance. With E-Books you don’t need to leave your house to buy a book and you won’t need to interact with people, especially as you don’t know if they are infected or not.
If you see a word in a book that you don’t understand, you don’t have to get a dictionary there is always a Built-In dictionary to use. It’s always frustrating if you see a word you don’t know in a printed book while reading.
You can always customize the font in a E-Book to your personal need and taste.
The process of publishing a printed book is hard enough for many authors to give up on publishing their hard work. Putting aside the financial investment they need to get started, many publishers won’t take a new author seriously and might end up giving them a very little share of the profit. With E-Books every author from anywhere in the world can access their audience and profit from the hard work they have done.
All the above factors are just a few of the many reasons why E-Books were already proving to be better than printed books. Book Worm services will add to that long list and make it even easier for book lovers to choose E-Books over printed versions.
Book Worm
The vision behind the Book Worm project, is to make book reading a much more attractive hobby and activity for everyone, irrespective of whether the reading is for profit, pleasure, research, academic, professional or to accomplish a specific goal, among other reasons. We think a world with an intelligent population can be a much better place to live, to this end we combined the possibilities in cryptocurrency, publishing and library to meet all the needs of a person intending to acquire some type of knowledge, information or derive pleasure and enjoyment from reading as is the case with fictional reading.
In many societies and countries many are struggling with the basic needs of their lives, so reading isn’t naturally in their plans as many often need to work as many as 16 hours a day just to just maintain the mere basics to sustain their lives and merely survive. As long as we live in such a world how can we expect to enjoy our lives in peace and harmony without chaotic social and economic challenges for large groups of people? Book Worm will make it possible for everyone to enjoy reading for free while also getting rewarded in BUSD$ (Binance USD) whenever they finish a book. We made this possible by creating a Binance Smart Chain (BSC) token named after our project. The tokenomics (Token Economics) will take everything into hand and let us reward people reading books. Also, payments to authors for granting us the privileges of publishing their hard work has been overseen in the tokenomics (Token Economics).
Our esteemed users can access the books on our platform by staking our tokens, and un-staking whenever they don’t need access to our books. Therefore, tokens will be more valuable and stable as the number of our readers rise.
By doing all of this we will have a healthy working system which will grant payments to authors for their hard work, reward our readers for reading books while also benefiting our token investors.
The NFT (Non-fungible token) Marketplace will be for authors to create their own NFTs and sell them on our platform/marketplace so that you can enjoy buying a NFT (Non-fungible token) created by your favorite author. Maybe they’ll uncover a secret, provide solutions to problems, entertain in their books and stories or make some art for you to remember them by or perhaps it is their autograph / signature that is the commodity. There are no limits to what can be done with NFTs.
Why Do We Need a Crypto-Library?
You might have been thinking, “But there are already E-Books and E-Book Readers, why on earth do we need a crypto-library with E-Books?” Well, first let us briefly discuss what is wrong with the industry of publishing right now and then we’ll discuss our solution and what we are going to do to advance and enhance the current situation.
1- High Prices of Printed Books
As already mentioned in our earlier explanation, printed books can be very expensive and therefore all that knowledge and wisdom is locked away for those who need that information but who are unable or unwilling to pay very high prices. Yes, traditional E-Book publishers have already tried to fix this part but we are going to do better, with our tokenomics (Token Economics) and BSC (Binance Smart Chain) token we will be able to make every single book free to enjoy and also reward readers as they read more and more.
2- E-Books Lack of Attractiveness
Books can be boring, so can E-Books (for some people). Some of us just don’t enjoy book reading as a hobby, also, E-Books alone won’t be the answer to bring book lovers to fully appreciate the immense value of the digital form of books despite all the reasons and benefits already mentioned in this white paper. They need a good push to inform their point of view and enable them to see how reading can be really enjoyable and also allow them to see the truth about the endless benefits and advantages of E-Books when compared to printed books.
3- E-Book Providers Using Fiat Currency
Unlike fiat currency, cryptocurrencies aren’t regulated by central authorities or backed by governments. Therefore, there is no need to limit our services to any specific geography or leave out anyone from gaining knowledge just because they are a residence of another region of the world. Also, fiat currencies have their own disadvantages, for example, there are no limits to their total supply in the country where they are a country’s national currency often leading to high transaction prices (inflation); they are highly dependent on the country political situation and they are under the management of a country’s central bank and therefore limited by the abilities, priorities and personal biases of central bankers because of their alliances and partnerships in the private sector.
4- Market Reach of Publishers
Publishers of digital or printed books are always limited to a specific market size, either because of their language, country regulations and policies, their geographical location, etc. This limitation always cuts both ways, authors can’t benefit from a worldwide market size and also readers aren’t able to find or access every book they need because they may be limited to titles only available in their region or country.
First Cryptocurrency Based Library
Book Worm is the first cryptocurrency-based publishing library introduced to the market, where authors can publish their books without any restrictions and pre-investments required. Our readers will be able to read books on our platform by staking Book Worm Tokens. This will allow us to have an unlimited market size as absolutely anyone in the world can access our cryptocurrency-based library and use our services and benefit from enjoying any book offered on our platform. Supply of our tokens will be limited; this will allow our users to be investing in a promising token while they’re going through the staking process to read a book. Our respected investors can be reassured of their investment by this solution as staking will stabilize and grow our token value over time. The tokenomics (Token Economics) will also add to the liquidity over time which also reassures the growth of our market cap.
Earning Money While Reading
Many of our books will have rewards in BUSD (Binance USD) if a reader chooses to read them; we are able to confirm if the user has read the book or not by a simple quiz created by the authors themselves. The staking system is designed to keep our services as free as possible and users will benefit from both growth of the token’s value and also the BUSD (Binance USD) rewards.
Motivation for Reading and Writing
Book Worm will be having many book reading and book writing competitions with impressive prizes for the readers and authors.
(Non-Fungible Tokens) NFT Market Place
NFTs can be created by our beloved authors and artists which will be sold through our state-of-the-art marketplace platform. The NFTs will be held in time limited auctions which anyone can participate in and therefore invest in the creation of the artist or author. The financial benefits will be divided between the creators and reinvested into our green and sponsorship projects.
Book Worm Tokens
To make all the above possible we will need a unit to be tradeable and also stake-able, with that in mind we have created the standard BSC (Binance Smart Chain_BEP 20) Token: Book Worm Tokens (BKW$) which will be the backbone of our project.
Tokenomics (Token Economics)
There will be a total supply of 10 billion Book Worm Tokens and half
of it will
be burned when the smart contract has been created for more
stability and safety
to our investors.
The distribution of our tokens are as follows:
- Total Supply: 10,000,000,000 BKW
- Burned: 5,000,000,000 BKW
- Private Presale (White List): 1,440,000,000 BKW
- Public Presale: 1,360,000,000 BKW
- Liquidity Provider: 1,400,000,000 BKW
- Development Team:800,000,000 BKW
Transaction Fee:
Book Worm Tokens work by taking a 12% fee for every
transaction and
will be
distributed as follows:
- Marketing & Development two percent
- Liquidity Pool Acquisition four percent
- Authors Pool four percent
- Rewarding Readers Pool two percent
As you can clearly see, we have tried to optimize the transaction fees as much as possible, we want all parties using our platform and tokens to benefit from their participation. Investors will be reassured of the long-term potential of the Liquidity Pool Acquisition and they can be very confident and therefore look forward towards promising prospects of this rare, promising and highly innovative investment opportunity. Authors will be paid through the pool we have designed for them. Also, as indicated before, our innovative platform allows you to see how we are going to encourage our users to read books and also make money in the process.
Private Pre-Sale
Our first two rounds of pre-sale will be private and white listed, if you’re interested in contributing in this stage, we will be asking you to do a few simple tasks to be white listed. There will be no regional or any kind of geographical restriction on who can participate. The target for this stage will be 150,000 USD for each round and a total of 300,000 USD funds raised. One billion and four hundred and forty million tokens will be sold at the price of 0.000209 USD which has a 5% discount to our launch price. Since there will be no transaction fee, the total discount for this stage is 17%.
Public Pre-Sale
Our public presale will be open to everyone interested to contribute, also like before, no restrictions will be stipulated. The target for this stage is 300,000 USD and one billion and three hundred and sixty million tokens will be sold at the price of 0.00022 USD. At this stage, total discount will be 12%, which is the transaction fee after launch, which you will not be required to pay.
Pre-Sale Budget Plan
The total fundraising will be one million and six hundred and fifty thousand dollars.
- Fifty one percent will be used for liquidity pool creation, so our investors will be benefiting from a solid token with a strong back bone.
- Twenty percent will be used for application and further website development.
- Twenty nine percent will be used for marketing purposes and community building.
Refunding
There will be no soft capitalization, therefore, if we do not reach any of our HCs in our presales, we will be refunding our investors.
Launch
We take our investors’ support and trust very seriously. The Certik Audit will be done before we launch our tokens on PancakeSwap. Book Worm is against vesting tokens, so anyone participating in our presales can claim their tokens on launch day.
Services
Book Worm is a utility token, we are the first platform to provide a cryptocurrency open library. We will be dedicating ourselves to providing services in five different sectors, publishing E-Books, motivating/encouraging/incentivizing people to read, translating books, educational sponsorships, and finally, green projects. As a project claiming to support our planet we will be doing many green projects, either directly or sponsoring a green project somewhere around the world.
Authors
Authors face many challenges when it comes to publishing a book, such as,
regulations,
marketing, printing investments, publishers’ regulations and contracts. We at
Book Worm
intend to make it easy for writers to publish and take away all those
challenges.
There will be no restrictions or regulations to publish on our platform, there
will be
no need for initial investments, and also, our application and read to earn
policy will
take care of all the marketing needed for authors get the attention they need.
Authors will benefit financially based on how much activity their book generates
and
also based on the total number of pages; each time a user stakes a token to read
a book
there will be a payment of BUSD to the author whose book was read.
“If freedom of speech is
taken away, then dumb and silent we may be led, like sheep to
the slaughter.”
― George Washington
Readers
We think it’s important for every society to encourage their people to read,
given the
circumstances of the nature of the difficult times we are experiencing globally.
Many
have lost the interest to keep educating themselves through reading.
Cryptocurrency has opened a door to a new world with many possibilities, we have
designed a token which will allow us to create a whole new system, Read-to-Earn.
Users can access our books just by staking their tokens and once they finish
reading one
of our promoted books, the reader will be able to earn some BUSD (Binance USD$).
Additionally, either by taking a simple exam or finishing some tasks, readers
will be
able to claim some prizes which can be saved inside our proprietary wallets that
is
available in our application; readers are also able to transfer assets to their
own
wallet.
After many researches and comparisons, we know what readers need to have in an
E-Book
Reader application. We have designed and considered many features and
functionalities
for this application and it has been designed from the ground-up to be as user
friendly
as possible with many different possibilities, optional features and
customizable
functionalities.
Translators
Book Worm has a plan to translate most bestseller books to every language
possible. Every
month we will be holding tenders of the most read books, and assign them to
translators
by their CV, translators’ work will be published by us and readers can comment
on their
books.
Translators granted the most positive comments will sign a contract with us and
they
will become our official translator for their language. There will always be
many books
to translate and our community will decide on the priority of which books are to
be
translated next.
Translators will be paid according to the agreement between the three parties,
Book
Worm, Translator and the Original Author. Either a single payment from Book
Worm, or a
percentage of the income per view for the authors; an acceptable compensation
plan will
be decided in due course.
Sponsorship
Book Worm is an education-based project. We want to give back to the world; our
project
will start sponsoring students around the globe for scholarships, and we will be
paying
their educational and living expenses so that they can graduate without
financial
concerns.
Scholarships will be paid to those selected from all those who participate by
sending us
CVs, or introduced to us by educational programs around the world. The amount of
scholarship will be based on their specific individual needs regarding getting
through
their higher educational program.
Green Projects
This E-Books idea will save many plants and trees around the world. Technology on the other hand always harms the environment and we acknowledge this matter. We want this project to be as environmentally friendly as possible, therefore, since we are using technology, we will be donating to many green projects around the globe, this is to somewhat alleviate the environmental harm caused by technology.
Road Map
Phase 1
1 Launching crypto-based publishing library tokens
Our objective for this phase is to stablish the cryptocurrency needed for this project, with achieving our hard cap at our two pre-sales.
Phase 2
2 Development and launch of Book Worm Application
Developing our E-Library for Book Worm, introducing authors to the project and signing publishing rights contracts with them. Collecting books and converting them to E-Books.
Phase 3
3 NFT Market place launch & BKW E-Book Reader
Launching our NFT Market Place is our first priority in this phase, and starting to develop our very own E-Book Reader.
Aug 2021
Token Development
Sep 2021
Web Site Development
Oct 2021
Marketing Campaign #1
Oct 2021
White List
December 2021
Pre-Sale
December 2021
Certik Audit
January 2022
Launch on Pancake Swap
January 2022
Application Development
January 2022
CMC and CG Listing
January 2022
Marketing Campaign #2
February 2022
Exchange Listings
May 2022
Books List on Platform Released
June 2022
First Version Application (Android & IOS)
July 2022
Marketing Campaign #3
August 2022
NFT Marketplace Development
September 2022
Exhange Listings #2
October 2022
Development of Book Worm E-Book Reader
October 2022
NFT Marketplace Launch
Disclaimer
The information shared in this whitepaper is not all-encompassing or
comprehensive and
does not in any way intend to create or put into implicit effect any elements of
a
contractual relationship. The primary purpose of this whitepaper is to provide
potential
token holders with pertinent information in order for them to thoroughly analyze
the
project and make an informed decision.
Prior to your participation in the purchase of Book Worm Tokens, we strongly
advocate a
careful study of this whitepaper all the documents associated with the same,
including
the contract in relation to the purchase of the same. You may even engage the
services
of appropriate experts to help you with investment analysis. Certain statements,
estimates and financial information featured in this whitepaper are
forward-looking
statements that are based on and take into consideration certain known and
unknown
contingencies and risks which in eventuality may cause the estimated results or
may
differ factually and substantially from the featured estimates or results
extrapolated
or expressed in such forward-looking statements herewith.