Witcoin is a decentralised ecosystem backed by user knowledge where users can participate & contribute in a specific matter. The platform aims to let multiple users consult other users to develop and connect individuals, ideas, and projects. Through the shared knowledge in Witcoin's platform, the participators generate wealth and Witcoins.

The token issued in Witcoin ecosystem is WIT, an Ethereum-based token (ERC223). WIT token allows account to account transfers, transfer with approval, ERC223 functions and is a medium of exchange.