Welcome to the official

Eqvion White Paper

Introduction

EQVIONs mission is to enable a digital global currency and use the existing bank- payment infrastructure that benefits billions of people and companies. 

This document describes our plans for a new Global Digital Base Money (GDBM) with value based currency Eqvion, which aims to create a new opportunity for people and companies and creates a responsible innovation in the financial industry.

Problem Statement

The advent of Internet and the mobile broadband has given billions of people globally access to the worlds knowledge and information, and a wide range of lower-cost, more useful services. These services are now available with a Smartphone or a computer from almost anywhere in the world. The Internet has fueled its own financial power by giving more people access to the financial ecosystem. Together, technology companies and financial institutions have found solutions to help increase financial co-determination worldwide. Despite this progress, the National (Fiat) currency are major barriers to further development. The worlds population has to use some national currency in the global economy. The digitalization is experienced in almost every aspect of society. We are global as well as our consumption patterns, savings, investment, trade and travel. People and companies all over the world want to trade with each other, experience the stability of the global community, and take advantage of the opportunity they have to offer. But everywhere, we face the same problems: currency exchange, currency value, currency risk. But the existing financial ecosystems with national currencies (Fiat) as a basis are not well in sync with the global trends and the need of the market, and the existing digital currency systems are, because of their limitations, unable to offer a fully functional financial solution one that the development of our civilization needs. We believe that collaboration and innovation with the financial sector and the technology companies, including regulators and experts in various industries, are the best way to ensure that a sustainable, secure and reliable technological base will support this new system.

The Opportunity

As we embark on this journey together, we believe it is important to share our conviction to adapt the community and ecosystem we intend to give rise to around GDBM Eqvion: 

We believe that many more people and businesses should have access to a common digital currency and synchronized financial services to support their lives and work. 

We believe that people have an inherent right to exploit the fruits of their legal work. 

We believe that a global, digital currency will create economic opportunities and more trade around the world. 

We believe that people, companies and nations will experience stability and economic growth. 

We believe that a global currency and financial infrastructure must designed and managed as a general good. 

We believe that we all have a responsibility to promote economic integration, support different cultures and constantly maintain the integrity of the ecosystem.

Introducing Eqvion

We are living in a digital era. Internet and the portable online devices have radically transformed the way we use and exchange information, and the way we exchange money. Money has been digitalized in many ways and we can now, for instance, transfer bank deposits electronically and pay with e-money. 

Using money around the world should be as easy as in a national state with domestic currency and even easier and safer, no matter where you live, what you do or how much you earn. The security of your financial assets should be almost unlimited and your long-term financial activity secure.The unit of currency is called “Eqvion”. Eqvion will need to be accepted in many places and easy to access for those who want to use it. In other words, people and companies need to have confidence that they can use Eqvion. The value of Eqvion is equivalent to the development of the world economy and represents it in real time. Unlike the majority of national (Fiat) /digital-currencies, Eqvion has genuine value. The value of Eqvion is determined by the world economy and has higher stability than any national (Fiat) /-digital currency. Our independent advisors and auditors are responsible for the monitoring and ensuring that Eqvion has the genuine value.

Independent Supervision

Eqvion is monitored by the independent team of validators, composed of people with expertise and confidence. Independent advisors are divided into areas of responsibility: Central Account, EGCI, Exchange Department and Eqvion Participation. “The Independent advisors of Eqvion Central Account consist of six members, elected for five years. “ The Independent advisors of Eqvion EGCI, consist of three members, elected for five years”. “The Independent advisors of Exchange Department consist of five members, elected for five years”. The Independent advisors of Eqvion Participation consist of five members, elected for five years. Eqvion members Independent advisors are of different nationalities and will be recruited from: Europe, Asia, North America, South America, Africa and Australia.

wbw logic develops and operates Eqvion currency. Global value-based Digital Base Money opens up opportunities for the international economy.  Essential to the Eqvion DBM (Digital Base Money) is to maintain an amount of money unchanged on the world market. Eqvion is created to be used in existing bank accounts, payment infrastructures and complies with the international regulations.

The Global Digital Base Money

Eqvion can be issued exclusively with the exchange of any national currency, at its current exchange rate, and may be reversed into any national currency. 

Eqvion is a financial instrument that fulfills the basic functions as a medium of exchange unit of account, store of value, and standard of deferred payment. The function as a medium of exchange allows efficient transactions of goods and services among the general public, companies and individuals without forming any inconvenient barter system. The unit of account enables the value of all goods and services to be expressed in common criteria, thereby simplifying the comparison of goods and services and facilitating their transactions. The store of value refers to any asset, whose value can also be used in the future because of the ability to maintain its value, thereby enabling people to save in order to finance their spending at a later date. In addition to these three basic functions, the function as a standard of deferred payment is regarded as an additional important function of money, since it enables it to express the value of a debt, so that people can purchase goods and services today by paying back the debt in the future

Value-based Global Digital Base Money

The Global digital currency Eqvion is designed to be a global digital currency. This means that anyone with Eqvion has a high degree of assurance that they can convert their digital currency into local currency (Fiat) based on EGCI exchange rate.The base for Eqvion is the International economic situation, and taking into account historical global economic growth, it is an indicator of the development rate of exchange. Eqvions huge difference from national currencies is that it is free from currency intervention by national banks or any currency manipulation by other actors.

Difference between Eqvion and other currencies

Eqvion is an independent genuine value currency, unlike national currencies (Fiat), whose value and currency control are performed by National Central Banks or Cryptocurrencies, stable digital cryptocurrency, whereas each unit of Eqvion has its own genuine value. 

Equion´s structure enables issuance of units of Equion according to global demand without limit to serve the global economy with individual value of each Eqvion unit.

The Eqvion Currency and value

Eqvion is a genuine global currency – not because of its designation it is global currency because of the global value built into Eqvion.

Eqvion is a Digital Currency (digital money, electronic money or electronic currency) and available only in Digital Form.

Floating exchange rate: The exchange rate of Eqvion is based on the (EGCI) and it is completely independent of the amount of trading in the Eqvion currency. Eqvion is not nationally bound, and therefore it reflects the development in the international economics. The exchange rate is presented primarily in Euro, U.S. dollars, Renminbi and then in the other national currencies.

Genuine value: Eqvion can be issued exclusively with the exchange of any national currency at its current exchange rate and may be reversed into any national currency. The value in Eqvion is determined by the world economy and has higher stability than any national currency. Our independent advisors and auditors are responsible for monitoring and ensuring that Eqvion has the genuine value.

Global pricing and payment currency: International pricing and payment currency equal to: Euro, U.S. dollars, Renminbi Eqvion is the World trade base currency. Eqvion´s advantage is that it makes the global market as easy to handle as the home market.

Store value: The base for Eqvion is the International economic situation and taking into account historical global economic growth it is an indicator of the development rate of the exchange. Eqvions huge difference from national currencies is that it is free from currency intervention by national banks or any currency manipulation by other actors.

We believe that the world needs a global, digital native currency that unites the attributes of the world´s best currencies: stability, low inflation, broad global acceptance and efficiency. The Eqvion currency is designed to help with these global needs and aims to expand how money best works for more people and businesses around the world.

What’s Next for Eqvion

A new category of currency

Today we are publishing this document outlining our goals for Eqvion and launching eqvion.com as a home for the Eqvion currency. It will continue to be updated over the coming months. There is a lot left to do before the target launch in the second half of 2023.

This remains to be done before launching the target in the second half of 2023.

Department of the Comptrollers of the Eqvion Currency

In the coming months, the Equion team will work with the recruitment of independent member´s supervision team “ Independent advisors of Eqvion Central Account “ Independent advisors of Eqvion EGCI “ Independent advisors of Eqvion Exchange Department “ Independent advisors of Eqvion Participation.

Eqvion technical platform

“Reference Terms for Equion are fully developed and also include references for technological engineering. The Eqvion team will conduct extensive tests on the Eqvion technical platform, ranging from tests of the directive to the construction of the Central Account, EGCI and the Exchange Department in a full-scale test of the Eqvion technical platform with all units and built up of Eqvion Participation units to ensure that the system works in accordance with the Eqvion Directives.

Eqvion directive for Eqvion Participation

Equion Participation reference terms follow Eqvion general directives to comply with international regulations. In the coming months we will publish Equion Participation reference terms, who has the task of making sure that Equion participants are operating legally and safely, in accordance with the bank regulations and international regulations.

Social impact program

We will identify social impact and develop a social impact program, and parallel this we will establish a Social Impact Advisory Board.

Co-investment program

In the coming months, we will identify and invite partners of investors who wish to co-develop Eqvion with us.

How to Get Involved

Global economy has relied on foreign trade in national currency, accepting the disadvantages that follow national currencies in international trade.

Eqvion Participation

Global digital currency Eqvion is designed to be a global digital currency and it is designed to open up new business opportunities and bring new revenue to you and your customers.

If you are a:

“ Financial institution “ Personal banking “ Corporate banking “ Investment banking“ Private banking

If you are a:

“ Payments technology company

If you are a:

“ Blockchain companyIn the coming months, we vill publish Eqvion Participation reference terms, and with them we will publish Application forms for Eqvion Participat? We follow international regulations, bank regulations and expect you to do the same.

If you are a:

Investors, IT Technology company, Finance company, who wish to co-develop Eqvion with us. Welcome to tell us how you can contribute as co-develop and what benefits Eqvion will get with your participation.

For contact use email: co-develop@eqvion.com

Conclusion

This is the goal of Eqvion: A stable, global, digital currency, based on equivalent value in the global economy and is governed by the independent Department of the Eqvion Currency. Our task is to create better, more useful money and global financial services “ no matter who you are, where you live, what you do, or how much you own. Global economy “ Digital economy pushed forward finances and technology on their way to achieving true global currency in order to serve people and companies on their work and journey through the world. We have achieved the first step on the journey. We have created the first genuine global digital currency, and we ve given it the name Eqvion.

Welcome on our joint journey