Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.
W Green Pay users will be able to spend tokens as a payment method anywhere in the world as the platform is progressively rolled out globally with the continued expansion of supporters and contributors to the HOOXI Campaign. W Green Pay is already used as the exclusive payment method on HOOXI Shopping Mall integrated in the HOOXI App. Hodlers of W Green Pay will have exclusive access to W-Foundation’s HOOXI Campaign events, which are highly valued events orchestrated by W- Foundation’s existing global community of sponsors, partners, and K-POP followers. Demand for W Green Pay is also expected to remain stable and consistent. Issuer will continue to buy back the tokens to expand the reward pool to the HOOXI App users to further motivate the public to participate in environmental actions.