Multiple benefits, discounts, charity money, celebrities etc. all sounds great on paper….what do you think will make people join your network so this model can actually work?
Getting people to sign up and being active is the biggest challenge indeed. First and foremost we rely on the influencers to approach their followers with the right message, then for some people having discounts at multiple locations without searching for the right loyalty card every time will make sense and the key point is that people will be emotionally attached. Once they see few causes being funded and executed people will realize the power of community and the fact that all they have to do is save money while shopping and use the additional cashback to do good.
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You have set a large amount of money for marketing budget in each stage. That’s perfectly fine, I just want to know whether you will promote the ICO on your own or you will use a help of a marketing agency?
Obviously at the moment we don't have a big budget and that's why we are doing everything on our own: free positioning, building some awareness, some articles here and there etc. From the next stage we will certainly start working with agencies, but doing things right and not the spammy way.
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The transparent charity is definitely the world needs and this a great use case for the blockchain where transactions will be recorded. What about the Nonprofits which will handle your causes, how you will make sure they are not cheating?
Thanks for the good question. First all transactions will be recorded on the blockchain and checked vs the financial reports published by the NGOs and of course we will have our own team monitoring the NGOs
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I watched your video about the reasons why people are not buying tokens right now. For me this was the key point to register and get involved in the ico. I hope you will be as great in your future arketing efforts so we can make some money.
Thanks and we will certainly be as great and even greater!
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What you are going to build and the impact it will have to the world is amazing. In my opinion you guys have to start traveling around the world and present your project on blockchain events. It’s not guaranteed that you will attract investors, but the exposure will help you a lot in the long haul.
This is certainly part of our plan, but it's too early. Slowly, but surely we are moving forward. Once we get things going and the platform goes live (after pre-sale 3) the world will learn about World Winners Network.
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This is by far one of the best ico out I have seen in the last 12 months. You probably get a lot of negativity and pessimism because of the large cap, but those who can see the potential and understand business like myself will admire and support you. I’m sure once you start getting more exposure this project will be massive
Thank you very much. Comments like this really supercharge us with confidence. We totally understand why the pessimist are te majority at this very early stage and will do our best to change their mind...Time will tell.
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Not having end dates for your ICO cycles is totally understandable when you know the current state of the market and the goals you have set. In my opinion you should be able to provide any estimate of hen investors should be able to sell some tokens.
I've been asked to do so many times and have always said 12-18 months. It's hard to make people happy when you don't want to set fake expectations. One thing is for sure, this isn't a get rich quick scheme, and we are only approaching long term investors.
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How come you are in private sale and at the same time he minimum contribution is only $50? From what I’ve seen so far private sales are done behind the scenes with big investors. I’m not saying is bad, just gets me confused.
Well If you look into the details of our ICO you will see many things that are not the usual stuff. As for the Private Sale, we have some special offers for bigger investors, but we didn't see a reason not to allow people get access to us and some detailed information for as little as $50. This doesn't mean we allow everyone to buy now, we personally speak to everyone who is interested.
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I have following your progress and social media channels for a while now. Things are happening, but very slooooow. I understand it’s hard now and there are many challenges however you guys need some fuel to get this thing going. Any interesting updates?
While we don't want to use the money collected in the Private sale for marketing now, because they are intended for the next stage, things are going kind of slow indeed. There are many factors that impact our progress, and of course we are trying to speed the things up. Once we sign up the contract with the software company and show it, people who are waiting on the sidelines will come in. At the end of the day this is a huge project and there is no need to rush things, we rather do everything properly.
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Watching the animation video on your website I didn’t understand how business owners will be involved in charity. Will they be involved or not? If yes can you clarify how will that work? Thanks.
When business owners invite their existing customers to join World Winners Network, they start receiving cashback bonus from all purchases within the rest of our trading partners. Like with any other participant the cashback is distributed in the donation and personal boxes. Basically the biggest companies with the largest customer base will be the biggest contributors to charity. We will additionally motivate them to donate the money from their personal boxes by displaying top 3 contributors each month on our website/app. Same thing applies to influencers. The more followers they have the more money for charity will be generated and since most of them are always looking for PR opportunities they will be donating the money from the personal box as well. Because their face can be within the top 3 monthly contributors.
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Very interested in your project, definitely looking forward to get some winto tokens, but guys….you have to start some marketing, get out there and show the world your amazing project. Bitcointalk is a great place for having discussions, but there is a lot more that needs to be done.
We appreciate you expressing the way you feel about World Winners Network and be sure that we will be out there spreading the word very soon. Currently we are trying to sort our operational costs and get marketing budget for the next stage. In other words we aim to complete the Private Sale with little or no marketing. If you look at the use of funds section you will see we are planing to do some serious marketing.
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I’m really curious how long you will keep those $120 million (if you manage to collect) before you show a working product. Why do you think people will trust you with such a large hard cap and no working product?
We never thought people will trust us if we do it that way. In fact if you check the graphic on our website you will see that we use the funds raised in each stage, show the results to the community and the move forward. Also the app will be developed during the Pre Sale stages: Alpha, Beta and fully functional version after Pre Sale 3.
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Hello, this thing with the wino pool is very interesting. Can anyone add tokens to that or the network must be launched in their country first?
We are not planing to set requirements related to the country of residence. Everyone who has participated in the WinTo token sale should have the same opportunity to trade their tokens.
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Very well presented overall information, team seems solid, and the details you go into when describing use of funds are something that very few projects are offering. I know its not easy with all the social media and google restrictions, but good marketing campaign is the key to success when you already have everything else (besides the product)
Thank you very much for the endorsement. We are well aware that good markerting campaign is crucial for any project and slowly, but surely building online presence.
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You claim the winto token has multiple use cases and surely there are as per your documentation, but the only thing that needs a token is the transparent donations. What else can not be done with fiat money?
Identifying users to avoid fake profiles and spam as well as record the ratings of our Non Governmental Partners so people who raise a charitable cause know who they can trust with the execution.
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Whitepaper, website, team all good in the hood…but no working application. You should build at least some basic version of a working product and then start your ICO.
I totally agree that launching an ICO with a working product will be a lot better, but it's not a must. I f we had the money we would've certainly build it. Since we don't have MVP or prototype we are starting to offer our token at $0.01 to those who believe in our team and project. Naturally the more we develop our app the more its value increases. That's why when we have a fully functional product we will start the Crowd Sale, but the token will cost $0.16 - $0.32
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Please don’t get me wrong, your project and cause are great and will most probably succeed no matter how you are going to fund it. Why does your business model need to be decentralized and you decided to do an ICO?
Hello, thank you for the kidpnd words. We have approached a number of VC investors in 2017 trying to fund the project, but everyone wants equity, control or to tweak the charity model in their favor. Therefore, launching an ICO was our only chance to preserve the core model. I believe the above answers both your questions and if not I can tell you more. Just let me know.
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In one of your videos was mentioned that you are about to sign a contract with major software company which is supposed to build your app. Do you have a date? Is it going to be publicly announced?
Hi yes, we are very close to signing up the contract. I'm afraid it is still not possible to give you the date, but we will definitely make an official announcement when the contract is a fact.
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It all looks great on paper, but I don’t believe celebrities will partner with you. First it’s not easy to reach them and second I don’t see what you can offer them.
You're not the first pessimist when it comes to the partnerships with celebrities and this is perfectly understandable. 1. Bulgaria is a small European country, the members of our team are well connected not only here but abroad and when you know the right people it's not that hard to establish communication with whoever you need, specially when you have something attractive to offer. 2. First every person with certain influence will receive a percentage of the cashback generated from their invitees. It's a small portion but when multiplied by thousands or even millions of followers in some cases (like major football clubs) this becomes a significant amount of passive income. 3. All famous people are constantly pursued by aid organizations and charity foundations and asked for money. Of course, most celebrities love to be associated with charity as this enhance their public image. By becoming partners with World Winners Network, they support charitable causes with the money generated from the shopping of their invitees rather than using their own funds and also achieve great PR results. I hope this answers both your questions.
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The small and medium size businesses are easy to sign up with because they are constantly looking for brand awareness and more exposure in order to get new customers. But you will need some big players if you want people to shop and the big retailers own big shares of their niche and have loyalty programs. Why they will be interested to sign up with you?
You're very right about everything you said and the question is very common. Big retailers have big customer bases. When they invite their clientele to join World Winners Network these people will start shopping from the rest of our trading parners. Then big retailers will start receiving a percentage of each purchase and this will boost their revenue. Apart of that they will impove their public image by participating in charitable causes/events.
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