Discount Network

If you're a business who wants to trade, or an individual who has something to offer for trade, you can keep your cash in your pocket, provide what you have to the network, and use your trade dollars for anything on this network.

Bank

UWT keeps track of your trade account, like a bank account. Whenever you trade, spend, sell, or do anything, your account is either credited or debited, similar to a bank account.

Functionality is currently very simple and basic, but will gradually improve over time.

Trade Network

Trade or Barter is an ancient concept. One limitation to the traditional "direct trade" method can be illustrated as follows.

Illustration 1:
Suppose you have some chickens and you want to trade eggs with a local barber for a haircut who really needs some eggs. But what if you like your hair long, or your mom cuts your hair. If you don't need what he has, then the trade opportunity may end right there.

But, you both go ahead an join a trade network. You then sell your eggs to the barber for trade credit, and you can spend that trade credit anywhere in the network. In this case, the farmer purchased a tire for his tractor, from tractor company who doesn't even like eggs. But they can use the trade credits to print business cards for his company. The system work great for everyone!

Trade Currency

UWT is a type of currency. Just like your national dollar, if you take in paper money to a business, they will accept it, and trade it for their product or service. Virtually every business in the country will accept this currency, and many other countries around the world. However, if you have Japanese yen, and take it to a business in the US, most will not accept it. You can however take it to a bank, and they trade you for the equivalent in US currency. The US dollar or any other countries currency is a currency, which only certain businesses will accept.

UWT currency is similar, but is only accepted by UWT members. The currency can be converted to other currencies through UWT, or you can think of it as, the UWT Bank.

You can also think of your UWT currency as a debit card , that only certain businesses will accept. Just like some businesses only accept Visa or Mastercard, this is similar within the UWT Network. It is currently a digital currency, so no paper money or checks are printed. However, this is something we hope to provide in the future.

Benefits of UWT

  • We keep track of your account, like a bank
  • You can get amazing discounts on products and services, pay your business cost!
  • Business trading network. Why pay cash, when you can trade?