Decentralized Message Wall - WallPay (WPY)

1. Introduction

In the era of decentralization, freedom of expression and content ownership are fundamental pillars. The Decentralized Message Wall is a platform that allows users to post messages on a public board, ensuring that each post is immutably recorded on the blockchain. The platform uses the native token WallPay (WPY) to handle post payments, guaranteeing an autonomous, transparent, and secure ecosystem.

2. Problem

Traditional content platforms are often centralized, giving control to entities that moderate, delete, or alter the posted messages. This jeopardizes freedom of expression and the authenticity of information. Furthermore, these platforms usually do not allow users to own their data, limiting transparency and trust in the system.

3. Solution

The Decentralized Message Wall addresses these issues by leveraging blockchain technology to ensure every posted message is permanently stored on the network. Users can post messages on the board by paying a small fee in WallPay (WPY), the native token of the site. This promotes decentralized control of content and guarantees complete ownership and traceability of the posts.

4. WallPay (WPY)

4.1. Token Description

WallPay (WPY) is a token built on the BNB network, used as the sole payment method within the Decentralized Message Wall. Each time a user posts a message on the board, they pay in WPY, incentivizing token use within the ecosystem. WPY features an automatic burn mechanism that contributes to reducing token supply over time, driving long-term value appreciation.

4.2. Token Distribution

The total supply of WallPay (WPY) is 10,000,000 WPY. The distribution is as follows:

• 30% (3,000,000 WPY): Burn reserve
• 20% (2,000,000 WPY): Presale
• 10% (1,000,000 WPY): Development
• 30% (3,000,000 WPY): Liquidity
• 10% (1,000,000 WPY): Reserve

4.3. Automatic Burn Mechanism

The WallPay (WPY) token implements an automatic burn mechanism. For every transaction, a small percentage (initially 0.1%) of the transferred amount is burned. The amount burned comes from the burn reserve, not from the transaction itself, ensuring that users can transfer the exact amount they intend to. This burn mechanism is designed to incentivize the price of WPY by gradually reducing the circulating supply over time.

5. Technology

The Decentralized Message Wall utilizes the Binance Smart Chain (BNB) as its base infrastructure for storing messages and managing transactions. Each message is immutably recorded on the blockchain, ensuring the system's integrity and transparency. Additionally, a user-friendly web interface has been designed to facilitate user interaction with the platform.

6. Use Cases

• Message Posting: Users worldwide can post their thoughts, announcements, or any kind of message in a decentralized environment.
• Guaranteed Authenticity: Due to the immutable nature of the blockchain, each message is recorded permanently, without the possibility of being altered or deleted.
• Data Ownership: Users have full control over their posts, eliminating third-party intermediaries or centralized companies.

7. Future Updates

The project envisions various improvements and expansions, such as:

• Token Burning: Continued use of the automatic burn mechanism to gradually decrease the circulating supply.
• NFT Integration: The most relevant or highlighted messages could be turned into unique NFTs, allowing users to own and trade them.
• Decentralized Moderation System: A community-based voting system for content moderation could be implemented, based on WPY ownership.

8. Roadmap

• Phase 1: Development and WPY token Presale.
• Phase 2: Launch Decentralized Message Board Beta.
• Phase 3: Implementation of NFT integrations.
• Phase 4: Creation and Implementation of a Decentralized Moderation System.

9. Conclusion

The Decentralized Message Wall is an innovative example of how blockchain technology can enhance transparency and security in content publishing. Through the WallPay (WPY) token, users can not only interact securely and censorship-free but also participate in a self-sustaining economic ecosystem that rewards decentralization and freedom of expression.