Levershare
WHITEPAPER
Levershare:
Unleashing the Self-Correcting Potential of Income Inequality Through a Web3 Ecosystem
Abstract
The plight of modern humanity in the face of income inequality can best be described as learned helplessness. Traditional methods employed by familiar actors for centuries have proven inadequate in addressing this global issue. Yet, times have changed, and new technologies have emerged, bringing greater opportunities to light. This paper demonstrates the immense potential of decentralized technologies in reducing income inequality. Furthermore, it proves that with the right steps, this significant gap in the global economy can be filled, maximizing the economic interests of every world citizen.
Introduction
Just as seismic energy accumulates beneath the Earth's crust, eventually manifesting as a destructive force, centuries-long income inequality has amassed tremendous economic energy along societal fault lines. Although the magnitude of this energy makes its potential difficult to predict, if released with the right spark, it holds the power to fundamentally transform not only the economic order but also the social fabric. However, this transformative spark requires conscious intervention rather than spontaneous occurrence.
Levershare is an innovative and decentralized Web3 ecosystem designed to unleash this massive economic energy hidden within income inequalities. Our approach is to redefine the rules by leveraging the power of decentralized technologies, customizing them, and paving new paths. Through the flexibility provided by these technologies, Levershare has the potential to create profound transformations not just in the economy but across various fields, signaling true mass adoption and immense community potential. Rooted in the principle of equal opportunity, everyone who reads this whitepaper will find valuable insights and discover the chance to be a part of this exciting ecosystem.
Chapter 1: Analysis of the Problem, Proposed Solutions, and Identification of Opportunities
The history of income inequality is as old as humanity itself and represents one of today's most significant challenges. Throughout history, efforts to address this injustice have ranged from rebellions to reforms; states, institutions, and individuals have attempted to tackle this issue through various strategies. Unfortunately, these efforts have often been inadequate, and substantial progress has rarely been achieved. The primary issue here lies in the mismatch between the goals and the methods; the methods used are not capable of resolving the targeted problem.
On the other hand, completely eradicating income inequality is far from realistic because it has reasonable and logical causes based on value creation. In other words, income inequality is an outcome. Therefore, the focus should be on addressing the causes, i.e., promoting equal opportunities and aiming to provide fair conditions for every individual to generate their income and wealth.
Decentralized technologies have the potential to completely transform this paradigm. A Web3 ecosystem designed on the basis of equal opportunity can open the doors to an environment where personal freedom and choices are prioritized, and inequalities are minimized or even eliminated. In such an environment, the opportunities offered by equal opportunity would be so powerful that any potential inequalities would be the result of individuals' free will. This innovative environment would not only be vast and accessible but also create a fair and appealing opportunity space for all humanity. Such an ecosystem can re-evaluate and utilize the roots of real-world inequality as tools that promote social equality and justice.
Therefore, we must first briefly address and examine income inequality and then analyze how we can uncover the opportunity hidden within it. In this study, we will support the components, goals, and methods of our designed ecosystem with scientific findings and demonstrate how and why this ecosystem is a necessity for the global economy. Consequently, our developed method, unlike other methods aimed at reducing income inequality, is not passive, inactive, secondary, or weak, but proactive, effective, strong, and original.
1.1. Income Inequality- A Comprehensive Economic Analysis
Although scientific studies on income inequality have produced valuable results, we need to present this topic as concisely as possible and move on to the details of our study. Understanding wealth inequality, a consequence of income inequality, will suffice to reveal the problem we are facing. For this, let's refer to the latest version of the Global Wealth Report, updated annually by UBS.
Figure 1: Wealth Distribution Pyramid
Source: UBS Global Wealth Report 2023, https://www.visualcapitalist.com
The figure above shows the global wealth distribution for the year 2022. Since the figure only examines adults, it discusses approximately 5.3 billion people. According to this, the bottom tier, consisting of 2.8 billion people or 52% of the world population, has a net wealth of less than $10,000. These individuals likely own nothing, and their net wealth could even be negative. The next category includes those with wealth between $10,000 and $100,000, accounting for 34% of the population. The groups in these two lower categories, making up 87% of the global population, possess only 14.8% of the world's wealth.
In the next category, those with wealth between $100,000 and $1 million are shown. This group, consisting of just 642 million people, holds more than 39% of the world's wealth. It is particularly noteworthy that this group controls more than twice the total wealth of the approximately 4.6 billion people in the two lower categories.
To understand the depth of wealth inequality, the top category must be examined closely. Only 49.4 million people, making up 1.1% of the world population, have a net wealth of over $1 million and control 45% of the world's wealth. Yes, the fact that 1% of the population holds nearly half of the wealth is a problem not only for those in the lower categories but also for those in the upper categories.
Despite this highly unequal distribution, there are justified aspects. Even if inherited through generations, as long as it was legally obtained, there is no inherent absurdity in this distribution. Because this is an outcome. It is normal for the natural mechanism of wealth creation in the real world to produce this picture. The abnormality lies in the lack of equal opportunities. If equal opportunities were provided to everyone, we could confidently say that this distribution would be fairer and would not even be considered a problem. The roots of our study lie here, aiming to re-animate the journey of global wealth creation. We can think of this as a kind of simulation. However, this time, lessons from the real world have been taken, and the factors that create inequality have been designed to create equal opportunities.
There are three major factors contributing to income inequalities in the real world: capital gains, technological innovations, and human capital. In the traditional system and economic environment, it is impossible to prevent these factors from creating inequalities. We witness daily that efforts in this direction are insufficient and ineffective. However, decentralized technologies make it possible to build a modern ecosystem based on equal opportunity, removing these factors as sources of inequality. Now, let's briefly look at these factors.
1.1.1 Capital Gains
The primary source of income inequality, as highlighted in Thomas Piketty's "Capital in the Twenty-First Century" (2017), stems from the asymmetric nature of capital accumulation and economic growth. Piketty's analyses reveal that the returns on capital grow at a faster rate than general economic growth, leading to significant inequalities in wealth accumulation and distribution. Once capital is acquired and begins to be multiplied through investment, it follows a rapid growth trajectory, and this accumulation, when passed down through generations, results in large economic disparities.
Furthermore, it is a fact that capital gains increase in proportion to the amount of capital. In other words, large players in capital markets earn more and more securely compared to smaller players. The structure and nature of financial markets provide a leverage advantage that allows large capitalized players to gain more, offering them a broad maneuvering space. The professional investment teams that large capital investment firms possess are undoubtedly among the fundamental sources of this situation.
1.1.2 Technological Innovations
Technological innovations increase productivity through the automation of certain jobs. This leads to a decrease in low-skill jobs and an increase in high-skill jobs. While technological innovations encourage entrepreneurship and innovation, leading to the creation of new job opportunities and the discovery of new sources of wealth, these new sources of wealth often end up in the hands of a limited group of people, further exacerbating income inequality.
There are three different groups involved in the relationship between technological innovations and income inequality. The first group, those who develop the technology, have a legitimate reason for their wealth; innovation typically means high-profit opportunities. This is evident from the superior performance of technology company stocks compared to others. However, realizing innovation generally requires significant capital, leading to the second category: investors, or more precisely, capital owners. Capital owners have a great advantage in finding the most profitable technological investment opportunities. They dominate technological investment opportunities, either directly or through financial instruments, and reap substantial profits. The third group in the technology sector consists of the majority—consumers or users. These individuals, through their consumption expenditures, are the source of wealth for developers and investors.
Lastly, we must discuss a kind of monopolization at this point. The fact that the same individuals or organizations usually make technological innovations and the intense competition makes it difficult for a new player to emerge further increases income inequalities.
1.1.3 Human Capital
Education is a fundamental component of human capital, and the level of education has a significant impact on an individual's employment opportunities, income level, and standard of living. Individuals with low levels of education are often forced to work in low-wage, low-skill jobs, while those with higher education levels have access to better job opportunities and higher incomes. Inequalities in education also increase social inequalities.
There is a close relationship among the factors contributing to income inequality, and technological innovations typically require more education and skills. Naturally, this will lead to capital accumulation. Therefore, for these innovations to succeed, workers need to develop their education and skills. This adversely affects income distribution because those with higher education and skills gain access to better job opportunities and higher incomes, while the income gap widens for those lacking education.
Educated and informed individuals can contribute more actively to their communities. Hence, a lack of education and awareness exacerbates social inequality. Inequalities in human capital can initiate or perpetuate cycles of poverty. Low levels of education can trap individuals in poverty, and this situation can be passed down to future generations.
1.2. Reengineering - Innovative Economic Modeling
Let's start by summarizing that income inequality is one of the greatest global challenges humanity faces. Numerous actors are aware of this problem, yet their mitigation efforts have been insufficient because they rely on traditional methods. Continuing along this path will not yield significant progress. Should we then accept the current conditions of inequality? Although this option is on the table, we have yet to experience a world where inequality is not a problem. We are taking a step outside the existing conditions, completely changing our perspective on inequality, and recognizing the potential of decentralized technologies to reduce inequalities. From this point, we can dive into the details of the ecosystem we have developed, called Levershare, abbreviated as L&S.
In business, there is a concept known as Reengineering, which refers to the radical reorganization of an organization's entire structure, processes, and workforce when it has become too dysfunctional to solve its own problems. The traditional global economy, which is powerless in the face of income inequalities, also needs a form of change engineering. Such a situation goes far beyond solving a problem; it means creating a dynamic, highly participatory, and opportunity-rich economic environment.
Levershare aims to reduce income inequalities, but it will not do so by taking from the rich and giving to the poor, as is the case with all traditional methods. Levershare plays by the rules. It directs the wealth-creating factors of the real world in favor of the ecosystem and its participants. This means that Levershare is a primary source of wealth. In this ecosystem, not only the disadvantaged groups facing income inequality will find a place, but also the advantaged groups of the traditional world. Levershare offers equal opportunities for all global citizens, enabling their active participation in the economy and increasing production capacity. The focus on income inequality by Levershare is not a weakness but a real strength.
1.3. Global Synergy – Redefining Opportunities
In his book, Outliers: The Story of Success (2008), Malcolm Gladwell asks a pertinent question: "If we offered the same opportunities to a million young people that we offered to Bill Gates, how many Microsofts would we have today?" Let's expand the scope of this question and imagine what kind of world we would live in if everyone had complete equal opportunity. This is where Levershare's vision begins: developing an infrastructure that allows all of humanity to participate in economic activities based on their abilities, without any discrimination, in a context of complete equal opportunity. While this goal is impossible in a traditional economic environment, decentralized technologies and related innovations make such an environment not only possible but necessary.
The current level of economic development and civilization is largely the work of a narrow minority of producers and innovators. Levershare eliminates the entrepreneurial barriers that surround the majority, within the rules of the game, creating an accessible and widely accepted ecosystem. The increase in individual qualities and initiatives will lead to significant advances in the development and pace of innovations, the emergence of economic opportunities, the dynamism of the economy, active participation, production, and even in the solution of other economic problems. The active population that produces and earns will not remain confined within the ecosystem but will lead to improvements in all areas of the economy. By creating global synergy, this decentralized organization will unleash the potential for income inequalities to self-destruct.
Chapter 2: Ecosystem and Consensus Mechanism
Levershare is a unique ecosystem composed of an original consensus mechanism, a cryptocurrency, a fund, a metaverse environment, and a special community. These five components are essential for Levershare to achieve its goal of reducing income inequalities globally. As detailed in the study, these components are indispensable for the security of the ecosystem and all world citizens, the achievement of Levershare's goals, the functionality and widespread acceptance of the ecosystem, and the proof of results. With these essential components, Levershare provides a fair infrastructure, leaving everything else to the creativity of global citizens. Since Levershare is developed on the basis of Proof of Value, the ecosystem and the consensus mechanism are inseparable elements and are discussed together in this section.
2.1. Background of the Consensus Mechanism
Like all technological innovations, blockchain-based innovations also offer potential opportunities to reduce income inequalities, but developments show quite the opposite. There is ample scientific evidence that cryptocurrency markets increase income inequalities. Due to its importance, the factors causing this situation could be the subject of a comprehensive, separate study. However, here we will show how the widely known and used consensus mechanisms increase income inequalities due to some of their very fundamental features.
2.1.1. Known Consensus Mechanisms and Income Inequality
Let's look at the Proof of Work (PoW) consensus mechanism used by blockchains such as Bitcoin, Litecoin, Dogecoin, and Monero. When Bitcoin first emerged, PoW was not a very costly consensus method. However, over time, as the amount of Bitcoin entering circulation decreased due to halving, the increase in energy costs has made this mechanism extremely expensive. Additionally, the price and maintenance of specialized hardware used in mining have raised PoW costs to a very high level. Though not directly financial, PoW has been a constant target of criticism due to its indirect costs, such as greenhouse gas emissions and contributing to climate change. The New York Times' research titled "Bitcoin Uses More Electricity Than Many Countries. How Is That Possible?" helps us understand just how costly PoW is. According to this research, in 2021, producing one Bitcoin required consuming as much electricity as an average American household uses in nine years. Because of these disadvantages, it is known that some blockchain ecosystems have abandoned PoW or are seeking alternatives.
Many modern blockchain networks, such as Ethereum 2.0, Cardano, Polkadot, Solana, Avalanche, and Polygon, use a Proof of Stake (PoS) or a derivative consensus mechanism. Let's look at how much stake validators need to commit in some leading ecosystems. For example, in Ethereum, the minimum stake amount is 32 ETH. At the time of writing, ETH was 2,350 USD. So, if you want to become an Ethereum validator, you need at least approximately $75,200. This amount is 2,000 AVAX (81,000 USD) in the Avalanche network, 10,000 BNB (3,200,000 USD, but the top 21 with the highest stakes are selected as validators) in the Binance Smart Chain network, 250 DOT in Polkadot, but the current situation is 1,731,485 DOT (meaning a minimum of 1,000 USD but the current requirement is 14,717,622 USD). In some blockchains like Solana, a specific minimum stake amount is not mentioned, though it can vary depending on the situation; it's clear that it cannot be a low amount as the network's security relies on the stake amount. Additionally, all individuals who want to become validators in these networks need high-performance computers, necessary hardware, and a solid internet connection. These features may have made PoS more environmentally friendly and free from uncertainties compared to PoW, but they do not make it more accessible.
The above explanations are a living example of how technological innovations increase income inequalities. More than 80% of the world’s population, with wealth below $100,000, cannot mine or become validators in leading blockchain ecosystems, even if they put all their wealth into it. This means that these networks, contrary to claims, cannot provide financial freedom for everyone, cannot achieve decentralization, or are evolving towards centralization, or are inherently centralized. A truly decentralized network should allow all world citizens to participate in the consensus process in a fully equal and competitive environment. On the other hand, the existing financial capabilities of miners or validators in known consensus mechanisms enable them to participate in this process, and the tokens they earn as rewards further increase their financial power.
Moreover, conducting a transaction within the ecosystem can be extremely expensive. For instance, the Ethereum network is notorious for its high costs. If a user wants to perform a transaction or start a business on the blockchain, they generally have to transfer the money they already have from the traditional economy. This makes blockchain technology far from accessible to everyone. Thus, like other technological innovations, blockchain technology, in its current form, has a structure that increases income inequalities. This situation leads Levershare to build a robust ecosystem based on a unique consensus mechanism. Since the subject is closely related to "value," we will first explain this concept.
2.1.2. The Concept of Value, Economic Development, and Levershare
Thousands of years ago, when our ancestors learned they had to produce certain things to sustain their lives, it didn't take long for them to realize that exchanging these goods would lead them to a higher level of prosperity. This discovery of trade raised the question of the ratio at which goods should be exchanged, leading to their confrontation with the concept of value. Initially, they bartered goods with each other, but the difficulties in applying bartering necessitated an independent intermediary representing the value of goods. Thus, money was invented. Money facilitated the exchange of produced goods, allowed for the measurement, storage, and transfer of the resultant value, carried intrinsic value, and was widely accepted by the majority. Over time, gold emerged as the most suitable form of money, as it possessed all these characteristics and was used as money by independent societies, leading to the widespread internationalization of trade and dominating the global financial system for centuries.
The key term in the above paragraph is "VALUE." Economies are built upon value—an unchanging and indestructible concept whose importance has been overshadowed over time by the intermediaries involved. Let's examine what has happened to the concept of value over time. The invention of money stemmed from the need for such an economic tool, a collective necessity developed by people to sustain their lives. However, over time, humans gradually transferred their monetary rights to centralized structures out of necessity. While these transfers were made for very reasonable, necessary, and innocent reasons and were initially managed correctly, they were eventually abused, deviating from their original purpose. In today's economic understanding, the relationship between money and value is severed, forming the basis of many economic problems, especially income inequality. These central organizations do not base their money printing policies on value production. It is impossible for economic problems not to arise in an environment where money production is not based on value. Another important point is that, by the natural conditions of the economy, the right to produce money should belong to the person who creates value. However, in today's economic policies and practices, this relationship is ignored. The distorted relationship system between value and money underpins many of today's economic problems.
Levershare can be thought of as a simulation of the development process of the global economy. We can make this clearer by considering the questions: What would the first humans have done if they started living with today's technology? Or, if traditional world economies were reset and a new blockchain-based economic model were to be established, what would we do? The well-known consensus mechanisms briefly mentioned above cannot achieve Levershare's goal due to their weaknesses. It is clear that a robust consensus mechanism must be based on value.
2.2. Proof of Value
In the traditional world, what enables the construction of wealth on a global scale is value. We express this value in terms of money. In other words, money allows us to represent the value produced. For example, we convert valuable assets expressed in different currencies across various regions into a single dominant currency using exchange rates, and we state that the world's wealth is $440 trillion in US dollars. Even if we remove money from the equation, the total assets and global wealth would not lose any value. Money is a derivative asset that allows us to express these assets in an understandable and standardized format. The most critical point here is that the power of conventional currencies largely derives from the power of the central authority, and there is a positive relationship between the two. Although value is the real measure of economic growth, the development of civilization, and the level of prosperity, a tool that derives its power from elsewhere—money—dominates the entire economic structure. In other words, a consensus is also achieved in the real world, and this is based on value. This unshakeable reality leads us to construct a value-based mechanism for blockchain consensus, inspired by the real world. Such a mechanism would be concrete, powerful, and robust, leaving no room for objections.
Levershare introduces an innovative ecosystem based on the essential concept of "value" that has carried humanity forward for millennia and will continue to be indispensable in the future. Here, value is like a cornerstone that permeates the entire ecosystem and gives it life. In this respect, Levershare opens a new frontier in the blockchain world. Moreover, the relationship between Levershare and value is not limited to ensuring consensus. Therefore, it is important for readers, investors, and all interested parties to understand that the term "proof of value" might be used for purposes other than achieving consensus on the blockchain. For example, the principle of how the ecosystem's native currency enters circulation is also based on proof of value.
There is a perfect complementarity between the revolutionary development of Web3 infrastructure and the pioneering role of Levershare. The development of a decentralized internet makes it possible to effectively coordinate a large user base. As one of the cornerstones of this new era, Levershare has the potential to enable billions of people to participate in the economy as active players. This means breaking the vicious cycle in which technological innovations increase income inequality. Here, it is not about organizing people around a single purpose, but rather about coordinating everyone in their own dispersed state according to their economic goals. In this way, the balance of maximum decentralization, which elevates all of humanity to complete economic freedom, can be achieved.
In our explanations so far, we have summarized our aim to develop a decentralized ecosystem that allows all global citizens to build their own wealth in a context of complete equal opportunity. Now it is time to explain how we will bring this to life. The answer lies in "Personal Value Currency," one of the greatest innovations of Levershare, inspired by the wealth creation method of the real world.
2.3. Personal Value Currencies (PVCs): The True Potential of Web3
If we want to live in a world where income inequality is not a problem, we must ensure that the economic value created is directly obtained by its producer. Such an economic environment represents a fair structure where inequality is not an issue. Have we experienced such an environment before? Yes, the initial stage of economies, barter, was such an environment. When you traded the deer you hunted for wheat, both you and your trading partner could fully receive the economic value of what you created, as you both agreed on the exchange rate. However, the obstacles to continuing trade through barter led to the invention of money and the transfer of money creation rights to centralized structures, resulting in some losses in obtaining the economic value of what was produced.
Our current level of economic, technological, financial, and social development allows us to revive the superior aspect of barter that has been neglected for centuries due to intermediaries. Our aim is not to reapply barter in its pure form, but to reestablish the direct relationship between the value producer and the economic return. We can bring this superior aspect of barter back to the center of the economy with the help of decentralized technologies. Achieving this will overcome many economic problems, especially income inequalities.
The Logic and Necessity of PVCs
We previously stated that the economy is fundamentally built on the value created by people. So, why don't people who create this value have the right to issue their own currencies representing this value? Early societies produced valuable things to meet their own and others' needs and used the resulting value through barter. The economic loss risk in this process was quite low. However, the major drawback of the primitive period was that the producer had to exchange the goods they had for other goods. The solution lay in everyone having their own money, but the technological environment of the time made this impossible. Under these conditions, the only alternative was to transfer money creation rights to centralized structures. This happened, but this time, the economic return of the value personally produced by people started to be sabotaged. Worse still, this situation has been ongoing for centuries. If centralized structures had based the foundation of the money concept on personally created value, we could have had a more dynamic, innovative, developed, and modern economic environment.
Today, thanks to technology, we have the opportunity to correct this historical injustice. Levershare brings to life a decentralized ecosystem where the personal value created can be directly obtained by its producer without any loss. In this ecosystem, all global citizens will build their own currencies powered by the value they present to the world. We call these currencies Personal Value Currencies (PVCs).
Web3 and PVCs
Web3 offers a unique decentralized infrastructure where we can personalize the creation of money. Every person is born with certain talents by nature, gains some skills through education, specializes through experiences, and presents a value to the world. Traditional systems are extremely inadequate in revealing the true potential of individuals and are completely negligent in delivering the economic return of the value they present to the world. This is where Levershare comes in, making it possible for people to build their Personal Value Currencies based on the value they create, in addition to using innovations that will reveal their true potentials. This is a revolution applicable to everyone, from an ordinary worker to a social media influencer.
An Opportunity for Economic Freedom for Everyone
PVCs have great potential to eliminate the inequalities and injustices created by the traditional economy. In this ecosystem, the value produced by everyone returns directly to them, ensuring a fair economic cycle. This represents not only a technological achievement but also a social transformation. The participation of large masses is crucial for building a decentralized, secure, and reliable Web3 ecosystem. By reaching a significant portion of the world’s population, Levershare will ensure that Web3 becomes not just a technology but also a community movement.
Levershare's role in this process is not limited to technological innovations. It also has the potential to solve data storage problems, ensure scalability, and reach a broader user base. Coordinating a global community means offering new solutions that surpass the limitations of traditional systems in data storage.
2.3.1. Building Personal Value Currencies (PVCs)
Creating PVCs requires no technical knowledge and is as simple as setting up a social media profile. However, their value depends on value-creating personal activities. Levershare's role is to establish a Web3 ecosystem where everyone can build their PVCs based on their education, expertise, or interests. Initially, PVCs can gain value either through contributions to the use of LEVEX or through activities within the Levershare ecosystem. Over time, through partnerships, agreements, and technological advancements, PVCs will gain value from all value-creating activities on the internet. It is important to note that while the Web3 infrastructure supports this, PVCs are a Levershare innovation. Therefore, the process of creating PVCs is directly related to LEVEX. The value you create online will directly contribute to the value of your personal currency.
2.3.2. Who Can Create Personal Value Currencies?
Levershare allows every global citizen to build their own wealth with their own currency in a context of complete equal opportunity. For example, a businessperson can bring their business into the ecosystem and build their PVC alongside the profit they earn from trade. Similarly, a social media influencer can convert the value they create online into PVC through Levershare. An educator can perform their expertise through Leversity and create their PVC, thereby realizing their true potential. Even those without jobs or in need of education are considered. The common feature of all these examples, which can be increased in number, is that everyone can fully receive the return for their effort. Thus, every global citizen knows they can get the return for their value without any intermediaries, completes their development by turning inward, participates in production, expresses themselves, and begins to build their own wealth securely.
One of the strongest aspects of this model is that even individuals with low income levels and limited educational opportunities have the chance to create economic value. This means that income inequalities will no longer be an issue. Marginalized groups in traditional economic systems can transform their destinies and leave a valuable legacy for future generations through Levershare.
At this point, the importance of education becomes evident. We previously mentioned that one of the three major factors creating inequality in the traditional world is educational opportunities. We see in traditional economies that low education levels reduce creativity and productivity, hindering active economic participation. However, in Levershare, educational gaps are no longer a problem. Our metaverse platform, called 'Leversity,' will eliminate educational gaps on a global scale. Thus, billions of people who realize and develop their talents will have the opportunity to build their own wealth through their PVCs.
2.3.3. Determining the Value of Personal Value Currencies (PVCs)
The primary rule in determining the value of PVCs is the realization of Proof of Value. This is possible through the transfer of traditional world wealth into the ecosystem or the creation of wealth within the ecosystem. Therefore, initially, we can base the measurement of PVC value on contributions to the circulation of LEVEX. The process works as follows: for everyone joining the ecosystem with a personal wallet, the system automatically starts building their PVC. The names of PVCs can be customized. As contributions to the circulation of LEVEX increase, the value of PVCs will also start to rise. These contributions can be through trade, transfer, or any other method that can be associated with the wallet. During these transactions, a 1% tax is deducted and directed to the Fair Future Fund, which will be used for transferring real-world wealth into the ecosystem, thereby realizing Proof of Value. This way, PVCs begin to gain value.
Over time, activities outside the ecosystem will also be included in the creation and measurement of PVCs. Without compromising on the principle of Proof of Value, partnerships and technological advancements will enable everyone to build their own currency within all the possible boundaries allowed by technology.
The value of PVCs is measured in terms of LEVEX, expressed as PVC/LEVEX pairs. Therefore, the value of PVCs relative to each other will be determined through cross-exchange rates.
2.3.4. Use Cases for Personal Value Currencies
Firstly, it should be noted that PVCs, like LEVEX, can be used in all monetary transactions both inside and outside the ecosystem. These are extremely robust currencies supported by real-world assets, so even the owner's death does not significantly impact their value.
The conversion of PVCs into LEVEX is not direct but occurs by locking them into the ecosystem as valuable assets used for achieving consensus. How this process works will be explained in the next section. On the other hand, the concept and logic of Levershare necessitate the existence of an exchange where PVCs can be traded. The LevEX exchange, shown on the roadmap, is a Levershare innovation that allows the buying and selling of PVCs and ensures their value is more accurately determined by the market.
There are no limits to what can be done with PVCs. All global citizens are free to act as developers at this point and produce projects related to PVCs. However, the mandatory and probably the most logical move for the ecosystem is to stake PVCs and participate in the L&S blockchain consensus process.
2.4. Consensus Mechanism and LEVEX Circulation Principles: Proof of Value (PoV)
In Levershare, consensus is directly based on value without any intermediaries. Every global citizen who stakes their PVC into the ecosystem can participate in the consensus process. As seen here, there is no need for external asset transfers to become a validator in the L&S Chain. The relevant asset can be built within the ecosystem. This demonstrates, in line with the Levershare vision, that every global citizen can build their own wealth from scratch.
The consensus algorithm for the L&S Chain network, Proof of Value (PoV), is based on randomly selected validators. These validators stake their Personal Value Currencies by locking them into the blockchain to create and validate blocks. Validators earn rewards based on the total amount they stake, incentivizing nodes to validate the network in return for a return on investment (ROI).
In the L&S Chain, validators to produce the next block are selected based on the value of the PVC they stake. To prevent the consensus from selecting the same validators continuously, although it usually includes random selection features, validators who stake higher-value PVCs have a higher chance of being selected to produce the next block. The proposed blocks by validators are then communicated to the rest of the set and verified by them before being added to the blockchain.
Validators will earn rewards in the ecosystem's native token, LEVEX, for services such as validating transactions on the network and maintaining a copy of the blockchain. This is also the principle for LEVEX entering circulation. Anyone caught cheating will lose all or part of the assets they have staked, most likely their PVC.
Chapter 3: The Native Currency of the Ecosystem: LEVEX
LEVEX is the native currency of the Levershare ecosystem. Initially built on the Binance Smart Chain, LEVEX will operate on this network until the ecosystem transitions to its own blockchain, the L&S Chain.
Levershare bases its currency creation on the construction of value.
3.1. Total Supply of LEVEX
The total (maximum) supply of LEVEX is 440 trillion. There is a reason for this specific amount, as with all planning in the ecosystem. The total supply of LEVEX is set at this level because the total world wealth in 2019, when Levershare started development, was 440 trillion dollars. Therefore, the total supply of LEVEX represents real-world wealth. Since our method of reducing income inequalities is to rebuild the total world wealth within the Levershare ecosystem, this amount is meaningful. This amount remains as a reserve—locked and not in circulation—until Proof of Value is achieved. This deductive approach is developed to take the total wealth built over thousands of years in the traditional world, which has significant and irreparable distribution problems, and rebuild it with modern methods and complete equal opportunity.
The total supply of LEVEX is abundant enough to meet the needs of everyone while avoiding the uncertainties of an unlimited supply. Theoretically, Levershare's target audience consists of billions of people because income inequalities are a global issue affecting billions. Let's do a rough calculation: if the total supply of 440 trillion LEVEX were equally distributed among approximately 8 billion people on Earth, each person would receive 55,000 LEVEX. This also means that if the total world wealth were distributed equally, each person would have 55,000 dollars of wealth. However, we know that it is not possible to reach all global citizens, at least in the short term. Nonetheless, it is important to know that there is enough LEVEX for everyone in the ecosystem. The principles of entry into circulation, explained below, will make everything clearer.
3.2. Principle of Entry into Circulation: Proof of Value
The principle of entry into circulation for LEVEX is designed based on the natural wealth creation mechanism of the real world. In the real world, many commercial activities take place, but at the end of the day, it is the value produced that increases world wealth. This strong reality forms the basis of the principle of entry into circulation for LEVEX. No LEVEX enters circulation without reason.
As mentioned earlier, Proof of Value in Levershare serves multiple purposes beyond being a consensus mechanism. For LEVEX to enter circulation, Proof of Value must be realized. This is measured through the reserves of the Fair Future Fund. New LEVEX enters circulation automatically at the rate of increase in the reserves' value and is distributed to individuals participating in the consensus process by staking their PVCs, proportionate to the value of their PVCs. This means that for all LEVEX to enter circulation, the reserves of the Fair Future Fund must equal or exceed the total world wealth. This is the recreation of an equivalent of world wealth.
3.3. Tokenomics (Levexonomics)
LEVEX tokenomics consists of three phases: Initialization, Coincarnation, and Leversity. Before detailing these phases, it is important to state that the 200 billion LEVEX spent necessarily for initialization does not violate the principle of Proof of Value. In the Coincarnation and Leversity phases, this principle will be concretely applied, meaning no LEVEX will enter circulation without reason. This indicates that the principle of entry into circulation for LEVEX is based not on arbitrary methods but on an ancient economic principle. Proof of Value is a modern version of the real world's wealth creation method, developed and adapted to decentralized technologies.
3.3.1. Initialization Phase
The allocation of the 200 billion LEVEX for initialization is shown below:
Figure 2: Tokenomics
With the design of the website, the construction of the smart contract, the creation of social media accounts, the formation of the team, the completion of other infrastructure processes, and the initial listing of LEVEX on the Pancakeswap exchange, Levershare is effectively established. The process then continues with Coincarnation.
3.3.2. Coincarnation
After the initialization processes are completed and LEVEX becomes tradable, development continues in alignment with the roadmap. In this growth and expansion phase, an entirely value-focused and original activity developed by Levershare called Coincarnation is implemented. Coincarnation exemplifies the principle of Proof of Value, which governs LEVEX's entry into circulation, and its details are provided in the next section.
A total of 1.8 trillion LEVEX has been allocated for Coincarnation, which is divided into Augmented Airdrop and Qualified Pre-Sale. Of this amount, 7.12 billion will be distributed in the Augmented Airdrop phase, and 1.12 trillion will be distributed in the Qualified Pre-Sale phase. The remaining 663 billion will be added to the DEX as liquidity.
3.3.3. Leversity
The remaining 438 trillion LEVEX from the total supply is allocated to Leversity to ensure that all global citizens can earn through their Personal Value Currencies (PVCs) in accordance with the principle of equal opportunity.
The final aspect of tokenomics to be explained is the 3% tax applied to each transaction. Of this amount, 1% is distributed to holders proportional to their LEVEX holdings. Another 1% is directed to the DEX pool. The remaining 1% is transferred to the Fair Future Fund, details of which will be provided in later sections of the whitepaper.
3.4. Coincarnation
Cryptocurrency markets are inherently risky due to decentralization, lack of regulations, malicious activities, transparency issues, and FOMO (Fear of Missing Out). Additionally, the advanced technological infrastructure can lead to significant losses as quickly as it can generate substantial gains. However, there is currently no mechanism to protect investors from these risks. Protective systems familiar from traditional economics cannot be applied to the cryptocurrency market. Coincarnation, an original Levershare activity, is designed to mitigate or eliminate investors' losses, based on the principle of Proof of Value.
3.4.1. The Concept and Development of Coincarnation
Coincarnation originated from the concept of deadcoins. Some crypto assets, launched with significant promotions and expectations, face developments that cause their market value to disappear over time. Reasons for this can include the project being a scam, technological issues, the team abandoning the project, or the goal being unsustainable. Regardless of the reason, the result is that well-intentioned investors are left with worthless digital dust in their wallets. These are called deadcoins. Coincarnation emerged from the idea of reducing or completely eliminating the losses of deadcoin holders.
On the other hand, deadcoins are an end result and signify definite losses. Therefore, the concept of Coincarnation should be developed further to intervene before the losses occur. It is not difficult to predict that crypto assets showing signs of becoming deadcoins will eventually face the same situation. These assets can be likened to zombies and referred to as ‘walking deadcoins’. Walking deadcoins exhibit one or more of the following characteristics.
3.4.1.1. Abandonment
This represents the fundamental problem and risk of a project. If there is a risk of abandonment in a project, it can be guaranteed that the crypto asset of that project will eventually become a walking deadcoin. However, decentralized projects are excluded from this risk category. The risk of abandonment can be concretized under three headings:
Social Media Related Issues:
The most valuable asset of crypto projects is their community, and social media is the platform where the project communicates with its community. Social media must be dynamically and actively managed, as it indicates the project's liveliness. For instance, a lack of activity for more than three months on X (formerly Twitter), the most commonly used social media platform for crypto projects, can be a significant problem. Currently, there are dozens of projects with no activity on their X account for two or even three years. Of course, projects are not obliged to use X. To confirm the existence of this risk, all officially announced social media accounts of the project should be examined. A final warning on this topic: it is not considered honest to try to revive completely abandoned social media accounts years later during a bull market. A good captain never abandons the helm of their ship in any weather condition.
Website Related Issues:
A website is the online home of a crypto project. Projects should clearly and concisely explain their goals, technology, services, and roadmap on their website. However, caution should be exercised with projects that do not have a website or have a poorly functioning one. Currently, there are dozens of projects with inaccessible or problematic websites.
Team Related Issues:
Even the most decentralized projects are developed by a team. In a fully decentralized project, the team or developers may not need to be visible. For other projects, which currently account for over 99%, it is important for security reasons to have an active, working team that communicates with the community. On the other hand, the involvement of the team or project owners in unethical, criminal, or harmful activities for investors poses a significant obstacle to the project's sustainability. The recent FTX incident is a prime example of this.
3.4.1.2. Ponzi Risk
No Ponzi scheme is sustainable. Such structures collapse when they maximize the financial status of a small minority at the expense of significant losses for the majority. The cryptocurrency industry is highly suitable for implementing Ponzi-like structures. Investors, thinking they have caught a rising graph and can profit, often do not know the stage of the Ponzi they are investing in. In reality, except for the founders and initial investors, making money from a Ponzi is akin to a miracle. Therefore, investing in a Ponzi cannot be considered risk-taking; it is more than that. Investors should carefully examine the project's smart contract and tokenomics. It should be remembered that the expectation of making large sums of money in the short term usually results in losses.
3.4.1.3. Exchange Delistings and Liquidity Issues
Centralized exchanges that prioritize investor interests constantly monitor the projects they list and delist low-quality ones. However, not all exchanges have such sensitive policies. When a project is delisted by a centralized exchange, other risks should be investigated to determine if it is a walking deadcoin.
Delisting is a centralized exchange practice. In decentralized exchanges, this situation is seen as liquidity withdrawal or rug pull. The fact that a crypto asset is not listed on a centralized exchange does not mean it cannot be delisted; similarly, continued listing does not necessarily indicate a healthy project. When this risk arises, a detailed examination should be conducted based on the exchange's reasons for delisting and the other criteria listed here.
Low liquidity in a decentralized exchange pool can cause trading issues in the relevant asset's trading pair. In such a case, the risk of abandonment should be investigated. Newly established and growing projects will initially list on decentralized exchanges and attempt to increase liquidity. It would not be correct to label these as walking deadcoins, so other risks should be investigated when evaluating a project with liquidity issues.
3.4.1.4. Network and Smart Contract Related Risks
Security risks that threaten the stability of the blockchain or smart contract can pose a significant obstacle to the project's survival. Loss of confidence in a project facing such a risk will inevitably lead to price drops and project abandonment. This risk category has some unique features. For instance, even if there were no other risks, the emergence of network and smart contract risks makes it highly likely that other risks will follow. Thus, a small security flaw or error can drive the entire project into disaster. There are dozens of projects in the cryptocurrency industry, especially in DeFi, that have been wiped out due to such risks.
One of the most well-known examples is the LUNA fiasco. When the security risk inherent in the structural relationship between LUNA and USTC emerged, both assets lost billions of dollars in market value. Theoretically, this flaw could have been fixed, allowing LUNA to continue. However, in practice, it did not. The loss of confidence in the project and the team led to deeper sales. Thus, project abandonment occurred, social media, and team-related issues surfaced, leading to the risk of abandonment. Additionally, legal problems emerged, and the asset lost over 99% of its value. As seen, network and smart contract risks led to the emergence of other risk categories. A group of LUNA volunteers under the name Terraform Labs is still working to revive the project. It remains to be seen whether they can convince the market against the self-fulfilling risk of abandonment. As of July 25, 2024, LUNA, LUNC, and USTC are considered walking deadcoins.
3.4.1.5. Legal Issues
While cryptocurrency projects operate in a relatively free space compared to traditional projects, there are many points where they intersect with the legal system. Developing a project in an area prohibited by the legal system will pose a significant risk. Projects that reach a certain financial scale without the necessary legal research and then face legal problems often rapidly lose value. This has happened many times in DeFi projects. A project facing legal issues is a walking deadcoin until the issue is resolved. If the issue is resolved, the risk disappears, but if not, other risks likely emerge, leading the project toward becoming a deadcoin.
3.4.1.6. Declining Trading Volume and Price
This category should be seen as a result and a verification of the above indicators rather than a cause. In other words, it is an auxiliary criterion that makes decision-making easier rather than a primary one. Not every asset that loses value is a walking deadcoin, so when this risk is present, other risks must be examined.
Loss of investor confidence due to lost expectations can lead to significant price drops and reduced trading volume. In this category, the long-term trend of trading volume is an important indicator, but the price can be misleading. Because without exchange listings, it is possible for the price of assets that would become walking deadcoins to be artificially or manipulatively driven upward. This does nothing but cause harm to well-intentioned investors unaware of the background. The price will not show a permanent increase and will fall below where it started after a while. A walking deadcoin typically loses over 90% of its value compared to its all-time high (ATH).
3.4.2. Which Assets are Walking Deadcoins?
Identifying which assets are walking deadcoins is quite challenging because this is a new topic that hasn't been extensively discussed before, creating a gray area that complicates decision-making. To make this process more consistent and reliable, we have developed a scale based on the signals that crypto assets show before becoming deadcoins, as discussed in the previous section.
Table 1: Walking Deadcoin Criterias
In this scale, Ponzi risk is not considered a criterion. Ponzi schemes are inherently doomed to fail and cannot even be classified as walking deadcoins. Investors should not invest in such assets, and if they do, they should exit as soon as they recognize the scheme.
The scale is designed to yield a result between 0 and 1. A score of 0 indicates a healthy asset, while a score between 0 and 1 indicates a walking deadcoin. The closer the value is to 1, the higher the likelihood that the asset is a walking deadcoin, signifying significant risks. This scale can be used for all crypto assets. To express the results more clearly, we have developed the following risk classification criteria:
Table 2: Walking Deadcoin Classification
The Duck Test says: "If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck." Similarly, if a crypto asset shows the signs exhibited by deadcoins before they become deadcoins, it will likely become a deadcoin soon. If investors could see the risks they are taking by holding such an asset, they wouldn't believe their eyes. This is where Coincarnation comes into play. If a walking deadcoin continues to be held, it will become a deadcoin; if sold, it will likely result in a significant loss. However, through Coincarnation, expectations can continue to live on in a stronger form.
It is important to note that investors may be reluctant to believe that their asset is a walking deadcoin. There is a psychological barrier in investment activities driven by expectations. Investors are often unwilling to stop-loss because they don't want their expectations to end. Moreover, in the cryptocurrency investment field, there is a popular term called HODL, which means "hold on for dear life," encouraging investors to hold their assets no matter what. A determined and consistent investment policy is certainly important, but it is even more important which asset is being HODLed. Imagine being the creator of a walking deadcoin project and having thousands of HODLers who invested in your asset...
Coincarnation is a creative initial offering event designed to eliminate or mitigate investor losses in crypto assets that have zero value or are at risk of reaching zero. Coincarnation is, in fact, a necessity for the cryptocurrency market. Now, let's move on to the details.
3.4.3. Implementation of Coincarnation
Coincarnation is a unique airdrop and initial offering event by Levershare aimed at reviving deadcoins and walking deadcoins in a different form. Deadcoins, which have lost all value, will be converted to LEVEX through an airdrop, while walking deadcoins, which have significantly decreased in value, will be converted to LEVEX through a pre-sale method. Due to the direct benefits they provide to investors, the conversion of deadcoins is called Augmented Airdrop, while the conversion of walking deadcoins is called Qualified Pre-Sale. Lastly, we need an additional category for investors who do not possess deadcoins or walking deadcoins. Let's first explain the Augmented Airdrop, followed by the Qualified Pre-Sale and the details of the additional category.
3.4.3.1. Augmented Airdrop
Levershare has developed and differentiated airdrop events by adding elements of benefit and value through Coincarnation. In this event, the aim is to revive the deadcoins in investors' wallets by exchanging them for LEVEX. Since deadcoins have no monetary value, this conversion is not a sale, but it is a promotional event that reflects the spirit and vision of Levershare very well. This value and benefit-focused promotion is a win-win activity for both investors and Levershare. The details of the Augmented Airdrop can be seen in the table below:
Table 3: Augmented Airdrop Implementation Plan
The first phase of the Augmented Airdrop allocates a total of 600 million LEVEX, distributed to the first 1,200 wallets at 500,000 LEVEX per wallet. In the second phase, the number of beneficiary wallets increases to 2,000, while the LEVEX per wallet decreases to 450,000, with 900 million LEVEX allocated for this phase. The distribution continues in subsequent phases as shown in the table, eventually distributing a total of 7.12 billion LEVEX to 20,000 wallets, concluding the Augmented Airdrop.
The distribution method will be a 1:1 conversion rate of LEVEX per deadcoin. This means that each deadcoin will be exchanged for 1 LEVEX. For example, a wallet participating in the first phase can receive a maximum of 500,000 LEVEX from the Augmented Airdrop. As the phases progress, this amount decreases.
3.4.3.2. Qualified Pre-Sale
The Qualified Pre-Sale category of the Coincarnation event targets the revival of crypto assets that are on the verge of becoming deadcoins, known as walking deadcoins, by exchanging them for LEVEX. Before diving into the details, it is essential to clarify that not every crypto asset experiencing a price drop is a walking deadcoin. Volatility is inherent in cryptocurrency markets, and even leading assets are affected by it. The characteristics of walking deadcoins were detailed in the previous section. Additionally, Levershare conducts comprehensive research to identify potential walking deadcoins and shares this information on its social media accounts and website.
The term "Qualified Pre-Sale" reflects the inclusion of value and benefit elements in the LEVEX offerings, aligning with the principle of Proof of Value. This ensures that no LEVEX enters circulation without a valid reason. Policies based on "demand-responsive supply" rather than arbitrary measures, such as exchange listings or sales techniques, are expected to positively influence LEVEX's price performance. This event represents a win-win situation for both investors and Levershare.
In the Qualified Pre-Sale, 61.19% of the funds obtained from exchanging walking deadcoins for LEVEX will be added to liquidity. The remaining portion will be used for promotional activities and technological infrastructure enhancement. The implementation plan for the Qualified Pre-Sale is outlined in the table below:
Table 4: Qualified Presale Implementation Plan
The Qualified Pre-Sale is implemented in five phases based on the principle of increasing price and quantity. In the first phase, a total of 70.15 billion LEVEX will enter circulation from the reserves at a price of 0.0000026 USDT. This means each 1 USDT of walking deadcoin will be exchanged for 182,390 LEVEX. In the first phase, a total of 283,400 USDT will be raised, with 111,604 USDT added to liquidity and 70,786 USDT used for promotional activities and technological infrastructure enhancements. The other phases will be implemented similarly, completing the Qualified Pre-Sale.
Participation in the Qualified Pre-Sale category is possible with a minimum of 5 USDT and a maximum of 10,000 USDT worth of walking deadcoins. The value of the walking deadcoins at the time of participation will be used for the LEVEX exchange. For participation with assets other than walking deadcoins, those ranked in the top 100 by market value on CoinMarketCap will be added to the Fair Future Fund reserves for safekeeping, while all others will be treated as walking deadcoins.
Levershare's activities are not dependent on Coincarnation. LEVEX was launched before the start of Coincarnation, and Levershare had already begun working towards its other goals. Coincarnation is an effective way to increase LEVEX circulation, recognition, and adoption. It is important to remember that Coincarnation is a pre-sale event that contributes to LEVEX circulation in line with the Proof of Value principle. It is reasonable for rational investors to want to convert their weak, dying assets into a strong global currency.
3.4.3.3. Additional Category
The additional category is for investors who do not hold deadcoins or walking deadcoins but wish to invest in LEVEX. This category will be executed through the Pancakeswap decentralized exchange.
3.4.4. Operational Procedures
The goal of Coincarnation is to convert crypto assets held hopelessly by hundreds of thousands of investors across thousands of projects, with a market value reaching hundreds of millions of dollars, into LEVEX, a global currency. This objective complicates the automation of operational processes. Therefore, the operational aspect needs to be managed through wallets.
Chapter 4: Fair Future Fund
Previously, we highlighted that the two primary sources of income inequality are capital gains and technological innovations. A certain minority, who monopolize these two sources, continuously amass wealth, unlike the vast majority of the world. Unless the rest of the world can benefit from these opportunities, income inequalities cannot be reduced. Academics, politicians, experts, non-governmental organizations, and much of the global population are aware of this situation, but no significant steps have been taken. It is disappointing to see that serious efforts in this area have had limited positive results, while most simply illustrate the existing inequality. However, Levershare's approach is different, modern, and innovative. This approach ensures that all global citizens can equally benefit from the opportunities arising from capital gains and technological innovations generated worldwide. Fair Future Fund plays by the rules.
4.1. Establishment
Although Levershare is an ecosystem that generates value within itself, it cannot be disconnected from the outside world. As an open and dynamic system, it continuously exchanges data with the external world, monitors developments, takes advantage of opportunities, and ensures that Levexians benefit as well. These operations are carried out through the Fair Future Fund within Levershare.
The Fair Future Fund (FFF) is established and continuously funded through an automatic and natural mechanism by the 1% fee deducted from each LEVEX transaction. As soon as LEVEX comes to life, FFF will also start being funded automatically. The funds accumulated in FFF are used as follows:
4.2. Investments
Although blockchain-based technologies cause significant changes in the world, they do not mean we will migrate to a different place from the world we live in. One of the major weaknesses of cryptocurrency projects is the assumption that the virtual ecosystems they create can meet all human needs. However, people cannot disconnect from the real world where they were born, raised, live, form physical and emotional bonds, and constantly exchange data. The gap between virtual and real leads to adaptation and trust issues. FFF builds a strong bridge between the virtual and real worlds. This is important for Levershare in terms of reaching its target audience of billions, gaining widespread acceptance, and ensuring sustainability.
FFF investments are primarily divided into two categories: "Asset Investments" for real-world assets and "Dynamic Investments" for capital gains.
4.2.1. Asset Investments
Levershare's goal of reducing income inequalities is based on the method of rebuilding an equivalent of real-world wealth within the ecosystem. Part of this reconstruction involves transferring the wealth created by the real world over thousands of years into the ecosystem. Therefore, FFF uses 61.8% of its income to accumulate real-world assets. This establishes a real and strong connection between the virtualized ecosystem and the physical world through high technology. This will also increase the trust towards the ecosystem.
Real-world assets include commodities such as gold and silver, oil, natural gas, corn, copper, and coffee. The primary goal of asset investments is to accumulate physically storable commodities under suitable conditions. Therefore, priority is given to those that can be physically purchased and stored. The decision on which assets to accumulate and in what proportion is made by looking at the real-world distribution. FFF will stock these assets in the same proportion as their distribution in real-world wealth. The goal here is not trading but accumulation.
4.2.2. Dynamic Investments
FFF uses 38.2% of its resources to take advantage of opportunities arising from capital gains and technological innovations outside the ecosystem. Investment activities such as traditional world stocks, cryptocurrencies of different projects, and supporting new ventures fall under this category.
Dynamic investments ensure that Levershare communicates with the outside world and remains active and vibrant like a living organism. This allows the entire world to be monitored from a single point and the most profitable investment opportunities to be evaluated. As a result, the value of the portfolio managed by FFF grows. This means external opportunities are added to the ecosystem's internal growth, resulting in rapid, robust, and healthy growth. The growth in the ecosystem will increase the market value of LEVEX and interest in Levershare.
4.3. Management
Fair Future Fund has a unique structure, but if we were to compare it to something in the real world, it would be Sovereign Wealth Funds. This similarity stems from its investment policy, preferences, and objectives. For example, the goal of Sovereign Wealth Funds to benefit future generations from today's income is also valid for FFF. However, there are significant differences in funding methods and management philosophy.
Decentralization is fundamental in Levershare. Therefore, the management of FFF should be carried out through DAOs. Due to the relatively clear decision-making process and lower risk in asset investments, it would be appropriate for a DAO established among LEVEX holders to manage these investments. However, dynamic investments are riskier, and it is not easy to act in a decentralized manner here. These investments should be managed by a team of globally recognized individuals in economics and finance.
4.4. Dividend Distribution
The asset portfolio and dynamic portfolio are managed separately, and no resources are transferred between them. The value increase or profit generated in each is converted into LEVEX from the reserves and distributed to Levexians based on their PVC value.
4.5. What is the Fair Future Fund? What is it not?
FFF is a unique fund that protects and guarantees the rights of Levershare and LEVEX investors, providing financial security for the ecosystem. It does not make any commitments regarding the value of LEVEX and does not offer any guaranteed returns to anyone. The value of LEVEX is determined entirely by the market.
Levershare needs a large fund to achieve its goals. Scientific evidence shows that big players in capital markets earn more and more securely. FFF is a high-growth potential fund by its structure, design, and nature.
FFF may resemble central banks, private investment funds, hedge funds, asset management companies, venture capital partnerships, or financial investment advisory firms in some respects, but it is still different. FFF is the center of decentralization.
Chapter 5: Leversity
Leversity is a metaverse university designed by Levershare aimed at enhancing and spreading educational opportunities. Here, all global citizens can receive education in their desired field, discover and develop their talents, and specialize in their professions with complete equality of opportunity. As individuals increase their qualifications, their ability to engage in economic activities that enhance their welfare also increases, leading to comprehensive economic growth.
While transferring educational opportunities to the metaverse is not a new innovation by Levershare, Leversity will be the most effective in implementing this considering the entire ecosystem’s vision and mission. Leversity operates on a simple logic: bringing together educators and learners in a modern environment.
5.1. The Purpose of Leversity
Leversity aims to reduce educational gaps globally and facilitate the production and dissemination of knowledge. This way, everyone will have the opportunity to start a business within the ecosystem and build their PVC. Of course, the educational activities here are not solely for strengthening Levershare. Anyone who receives education at Leversity can use their qualifications as they wish.
5.2. Leversity’s Operating System
Leversity provides both educators and learners with the opportunity to build their PVCs. Educators can create and enhance their PVCs in return for their educational activities. Learners, on the other hand, can increase their qualifications as a result of their education and have the opportunity to start their own businesses within or outside the ecosystem.
Chapter 6: Levexia
Levershare's goal of reducing income inequality is not just a declaration of goodwill but a scientifically provable serious effort. We will first set up a small group reflecting real-world wealth disparities and measure whether we can reduce inequality using our claimed methods. If our methods work, we will gradually expand this group in a controlled manner.
We believe that leveraging NFTs for this purpose would be appropriate. We have created an NFT collection called Levexia, in reference to Neanderthals, named Leanderthals. The collection consists of a total of 6,764 Leanderthals, reflecting the distribution of real-world wealth. Leanderthals with lower rarity levels are cheaper, while those with higher rarity levels are more valuable. The quantity represents a sample of the real-world population, and the price reflects real-world wealth.
Leanderthals function as the owner's PVC. This means that when the ecosystem grows, Leanderthal owners can use these NFTs as their PVCs and utilize all the rights recognized by the ecosystem. They will also benefit from FFF dividend distributions. Furthermore, new opportunities arising within the ecosystem will initially be made available to Leanderthal holders. Levexia is Levershare’s exclusive community.
Chapter 7: Roadmap
The Levershare roadmap consists of four main successive phases: the launch of LEVEX, the establishment of the Fair Future Fund, the transition to L&S Chain, and the launch of Leversity.
7.1. Launch of LEVEX
Due to the importance of money, Levershare prioritizes LEVEX. Therefore, the initial goal is to launch LEVEX robustly. All steps necessary to promote and ensure its adoption will be taken during this phase. The main steps are as follows:
• Listings on Coingecko and Coinmarketcap
• Implementation of LEVEX through DEX listing
• Execution of Coincarnation and ensuring circulation through value exchange
• Establishment of Levexia and the launch of Leanderthals
• At least one CEX listing
7.2. Establishment of the Fair Future Fund
The establishment process of the Fair Future Fund actually begins automatically with the launch of LEVEX. This is because 1% of each LEVEX transaction fee is transferred to FFF reserves. However, legal requirements must be met and teams must be formed to enable active investments. The main actions in this phase can be summarized as follows:
• Obtaining necessary legal permits and licenses
• Forming teams for the asset portfolio and dynamic portfolio
• Investing in real-world assets with transparency
• Increasing LEVEX liquidity and adoption
• CEX listings
• Periodically announcing the asset portfolio
7.3. Transition to L&S Chain
Initially launched on the Binance Smart Chain network, LEVEX will be migrated to Levershare's own network. This phase marks the point where the ecosystem begins to function and generate its own value. The main actions are as follows:
• Launching the L&S Chain testnet and mainnet
• Releasing the L&S browser
• Introducing the L&S wallet
7.4. Launch of Leversity
Finally, Leversity will be established, and PVCs, whose infrastructure was prepared in the previous phase, will begin to be produced. In this phase:
• Starting the actual production of Personal Value Coins (PVCs)
• Launching the LevEX exchange to facilitate the trading of numerous digital assets, including PVCs, within the ecosystem
• Measuring income inequalities through Levexia
Conclusion
Levershare aims to reduce income inequalities in a rational and scientific manner while also unleashing the immense economic energy contained within this issue. This energy stems from the global synergy created by billions of people who are constrained by inequality. Levershare achieves its goal of reducing income inequalities step by step using methods that no one can refuse. This means it has the potential to build the world's largest community.
The breadth of the potential target audience does not imply organizing an unnecessary crowd. Levershare is an innovative approach that enables all global citizens to maximize their economic interests with their own talents. Each individual here is empowered to the maximum extent possible by the opportunities provided by decentralized technologies. The opportunities and facilities offered by Levershare are at the fingertips of all global citizens without any time or space limitations.
In today's world, where even talking about income inequality seems meaningless, Levershare's approach can revive exhausted hopes. This means a new ray of hope not only for individuals but also for some non-governmental organizations, national or global institutions, and even states. Providing an effective solution to this issue with an applicable model can enable significant progress in a short period. Reducing income inequalities can pave the way for general economic improvement through numerous positive externalities.
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Huang, Jon, O’Neill, Claire and Tabuchi, Hiroko (2021), Bitcoin Uses More Electricity Than Many Countries. How Is That Possible? The New York Times. Access Address: https://www.nytimes.com/interactive/2021/09/03/climate/bitcoin-carbon-footprint-electricity.html
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