HELLO

HELLOO

We, at Wulet, are strong believers that our project is a game changer in the world of loyalty programs, consumer data analysis, advertising and the concept of money. To get things done on time, the best approach for us is to work with professionals who offer us a great expertise, such as MyWish team. Mywish is helping us develop the product architecture and technical documentation, while constantly working on Wulet platform backend development. The whole backend development is taking place in the Wulet repository.

Together with MyWish, the Wulet team has come up with the best solutions for the main phases of technical development and is now working on the loyalty programs integration processes (together with Wulet’s partners). Together, we also designed the core of the Wulet platform, the thought behind the product management and customer logic within the platform and, finally, the app development both for the customers and partner organisations.
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We believe that this partnership will lead to great things, and prove a giant leap forwards for loyalty programs in the nearest future!

Stay in touch with Wulet team on
our Telegram channel: @wulet_io

You always can find detailed information on our website: wulet.io

      
Hey, I’m Leonid, the CFO of Wulet. Today, I want to talk about the financial part of the Wulet product.  
I want to be clear about our token model, trading and exchanging. Let me tell you more about our Internal Exchange, which forms a crucial part of the Wulet ecosystem.
I will quickly take you through main peculiarities of the Internal Exchange: tokens, trading, commission, and the exchange process.

The WULET Exchange is made specifically for buying and selling loyalty program points that can be transferred to the platform. External loyalty points can also be connected through the gateway.

The Exchange provides a set of mechanisms that are standard for exchange software, but also specific for loyalty tokens: the purchase and sale of loyalty tokens on the market and the limit orders issue.

The Exchange is basically a contract that works as an indirect exchange of loyalty tokens between their holders. It allows the token holder to put their assets on the stock exchange and withdraw loyalty tokens. Partners (owners of tokens) are allowed to release loyalty tokens on a stock exchange and establish restrictions on exchange pairs. In this case, the exchange of one type of token to another is realized through an intermediate exchange for the WU token.

The WU token is fully compatible with EOS and makes the Internal Exchange operation possible. Due to this compatibility, the WU token can be traded on external exchanges. The maximum emission of a token is equal to the emission launched on the Ethereum platform and distributed within the ICO.

In order to convert tokens to a currency other than Ethereum, you’ll need to release the tokens via an oracle. This is possible within the WU token function and the Wulet ecosystem.
The exchanged amount must be equivalent to the tokens blocked in the Ethereum network.

The platform takes a commission of exactly 1% of the transaction amount (in the WU tokens). The commission is charged for both parties at either end of the transaction.
The offered tokens and the commission stay ‘frozen’ at the time of their offer placement. That means the user will not be able to use them until the offer is withdrawn as a result of the transaction, the offer is withdrawn by the user, or the offer expires.

These are the main points of Wulet Exchange’s economic model. You can find more info on the WU token and its distribution in the coming blog posts!

Stay in touch with Wulet team on
our Telegram channel: @wulet_io

You always can find detailed information on our website: wulet.io

In previous posts we mentioned that the Wulet team was pondering existing blockchain platforms that could be the most efficient and beneficial for our crypto project.
Here are 7 reasons why we decided to stick with EOS blockchain:

      Speed. EOS blockchain can already proceed up to 5000 transactions per second. In the near future, this value will increase 10 fold. Moreover, the network infrastructure will allow users to scale it up to a million transactions per second. In addition, EOS supports asynchronous communications and the separation of authentication from execution. For the EOS approach, it is standard to make interactions among smart contracts, moduled through messages in transactions. It also eases the process significantly.

      Cost. EOS is cheap. Compared to QTUM, where the transaction of QRC20-tokens will cost around $7 for just one token transfer, the transaction fee on EOS could be as low as $1.

      Long-standing on the market, EOS was founded in 2017 and launched its open-source software on June 1st, 2018. When we were deciding on a blockchain platform for building Wulet, we looked into Radix: promising up to 1 000 000 transactions per second and functioning on PoS and EMV algorithms, it looked like the blockchain of our dreams. However, Radix platform had not yet been launched, so we had to stick with EOS.

      Decentralization. Unlike NEM, EOS blockchain is fully decentralized. NEM was rejected by our team because of its centralized nature: NEM smart contracts are deployed outside of the blockchain which reduces decentralization and leads to a decrease in security level.

      Flexibility. If an error is found in the EOS application, the block manufacturers can freeze it for a while until the error is fixed. The code can then be updated without any other network applications’ forks or stops getting in the way. In addition, EOS allows the node not to have the entire block - only the data that is needed.

      Usability. EOS includes a set of web tools for developing interfaces and database schemes, as well as a declarative permissions scheme that allows users to easily delegate permissions to other accounts.

      Management. EOS is an open-source platform that is built for its users’ freedom and trust. Token holders can choose block manufacturers, which increases the degree of mutual trust. Disputes are resolved by a majority vote.

So, we sat down, compared a couple of platforms and came to a conclusion that these 7 reasons are just enough for choosing EOS. More of that can be found in our Whitepaper. Take a look, we really put a lot of effort into it


Stay in touch with Wulet team on
our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

Hello there! My name is Alex and I am the CTO of Wulet. I know that using blockchain is a trendy thing nowadays because not only is it a technology of the future, but it also raises project prices in the eyes of investors.
What I’m trying to say here is that projects often lack the argumentation of why they need blockchain for their integration, except for launching an ICO and collecting funds. Here at Wulet, we are sharp and transparent with our statements and are always willing to talk openly about our goals, values and development process. Let me explain to you why we, at Wulet, decided to stick to blockchain as the basis of decentralized solutions.
Loyalty programs are usually referred to cash back, bonuses, points etc. However, as the payments and withdrawals stay low, a large amount (40%) of bonuses remain unused while users are not even aware about the existence of bonus calculation – not to mention the fact that most of the services are centralized and are subject to shut down at any time. User data is usually stored in a database, while bonus balances, the timing of their burning and accrual history are not available, and users only have limited access to them. All of this leads to a bad UX/UI for the end user who cannot monitor their balance and use their loyalty points efficiently.
Working with the gaps in the market niche makes Wulet an innovator in the industry. Not only do we aim to create a decentralized ecosystem of loyalty points, but we have also set our minds on making all loyalty points tradable, as WU-token acts as a universal measure for all loyalty points. WU-token is compatible with the standard EOS token and can be traded on external exchanges. We are about to bring loyalty programs to the next level with cryptocurrencies, decentralization, better service and convenient UX/UI. Loyalty programs will be more accessible, tradable, and user-friendly. This will be implemented with the help of our dedicated team and an EOS-based backend. Join our token sale to improve the loyalty program industry with the help of blockchain!

Stay in touch with Wulet team on
our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

At the beginning stage of any project, the most important question is where to find — and how to create — a high-profile team that will work for the company and contribute to its development. So, Wulet was faced with the fact that how to assemble a dream-team.

We were looking for a cohesive, creative, competent, dynamic, and well-motivated employees.

And finally we have found a way to build an “ideal team.” We have in-house rule: All the participants of Wulet have equal rights in discussions, and must respect each other’s emotions.

Each member of our team clearly positions himself and solve a clearly-defined range of tasks. Moreover, the whole team is always in the same information field.

Wulet team has a constantly-synchronized understanding of current tasks, meanings, and short-term/long-term goals. Everyone have the same unequivocal understanding: who they are and where they are going.

Together we almost always make a stronger and more weighted decision than one of us thereby reinforcing a preexisting good solution. Collective intelligence is always stronger, and combined experience is always broader.

Who we are? We are a team of highly qualified and ambitious professionals who are totally in the Wulet project.


Stay in touch with Wulet team on
our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

To highlight the gaps and issues in the market of loyalty programs, our team has made a thorough research. We now have a comprehensive picture of all the positive and negative aspects, so our project can be developed by gathering all these aspects together. We’ll introduce you to the most significant researches (in our opinion), so you can deeply understand the current agenda that is happening on the loyalty market nowadays.
The loyalty market has become very common, yet fragmented. This is reflected in low levels of engagement and redemption of customers. Modern LPs are inefficient, lacking in alternative offers or suggestions, but are excessive in points outside of the brand context.
According to COLLOQUY Loyalty Census enrollment in loyalty programs across various industries in the US grew by more than 20% in just three years and has more than tripled since the turn of the century. It seems like customers are interested in joining. LPs, but are their expectations met?
Only 22% of loyalty program members perceive their experience as positivecompared to non-member customers. At the same time, 87% of Americans are willing to have various details of their activity tracked by a brand in exchange for a more personalized and relevant relationship with the brand or program.
Having this data on hand will help Wulet to better understand the target audience of a brand and enhance customer experience. We found out that changing strategy to meet customer expectations results in a 7.5x lift in member satisfaction.
On top of that, attracting a new customer is a much more expensive process, than keeping an existing one, so companies need to pay as much attention to retention as they do to acquisition. Boosting customer retention rates by just 5% can increase profits by between 25% and 95%.
In order to improve the industry if loyalty origrams, Wulet has to create a more relevant and timely experience by incorporating data science and using innovative techniques. We agree with. the authors of Deloitte’s research piece “Making blockchain real for loyalty”, where they claim that new digital technology could be the unique solution.
To change the strategy of LPs is a challenging task, but we are ready to meet with the difficulties along the way for bringing some outstanding decisions: a positive customer experience and the increase of engagement in loyalty programs.

If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

Hi, I’m Alexander, CEO of the Wulet project. I am a true believer that in order for a project to prosper it is important to set up goals, develop concept and mission at the very beginning. Seems very generic, huh? Well, this important detail is not always transparent and obvious in a any project. Let me introduce you to our freshly made concepts and achievable goals.

The main mission of Wulet is simple – to create new possibilities on the market for the users to collect and trade loyalty points freely and simply.

We are all familiar with cashback and loyalty programs. Time to bring it to crypto! With the Wulet ecosystem it will become easier to shift the points inside and gain mutual benefits both for the customers and the brands.

Wulet’s team strongly believes that traditional loyalty schemes need renovation, not only because of changing consumer expectations, but also because they have become expensive to run and difficult to adjust. Loyalty is the brand’s ability to be at the forefront of the customer’s mind, as well as to provide an ultimately pleasurable customer experience. This is much harder to achieve when every consumer has different expectations and responds to different triggers when it comes to engaging with a brand.

In order to achieve the explicit combination of pleasurable customer experience and loyalty for a brand, a detailed strategy needs to be developed, while taking into consideration such a crucial fact as the minimal amount of customer actions.

Grouping the two big factors: cryptocurrency and loyalty programs, Wulet brings a new wave into a developing blockchain market, while thoroughly thinking of the end users and delivering an explicit UX and UI. Not only it makes the clients to come back to the platform, but also encourages businesses to attract new customers while keeping the current clientele.

I hope, I made our vision nice and clear to you. Should you have any questions, please feel free to contact me on Telegram and let’s bring crypto in the game of loyalty programs.

And join our Telegram chat @wulet_io

If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

Brock Pierce is the live legend of the crypto world. But who is Brock Pierce?

Brock Pierce is a venture capitalist and serial entrepreneur best known for pioneering the market for digital currency. He is a founder and Managing Partner of Blockchain Capital (formerly Crypto Currency Partners).

Blockchain Capital has invested in more than 30 blockchain enabling technology companies. Pierce is also a founder, advisor, mentor, or board member of GoCoin, Tether, ZenBox, Blade Financial, Expresscoin, Noble Markets, BitGo, ChangeTip, BlockStreet, Coin Congress, and Plug and Play. He is a sought-after commentator on the Bitcoin economy and was elected to the Bitcoin Foundation Board in 2014. Pierce is the city leader of BitAngels Los Angeles and runs an AngelList top 10 Syndicate.

As an entrepreneur Pierce raised more than $200 million for the companies he founded and led more than 30 acquisitions throughout his career.

Pierce’s entrepreneurial activities have been focused in the areas of digital currencies like Bitcoin, gaming, payments, and ad tech.

He is the founder of IMI Exchange, the worlds leading digital currency marketplace for games with sales exceeding US$1 billion annually, which raised over $100 Million from blue chip investors such as Goldman Sachs and Oak Investment Partners; ZAM, one of the world’s largest media properties for gamers with more than 15 million monthly users which was sold in January 2012 to Tencent; IGE, the company credited with pioneering the market for digital currency in online games, which generated $100 million in revenue in 2006 and was sold in early 2007.

He is also a founder of Playsino, Five Delta (Sold to OTCBB: SCRI), Evertune, GamesTV, and Digital Entertainment Network. Pierce also sits on the boards of Xfire, FGL, and SpicyHorse.

Pierce is also an active supporter of non-profit and advocacy organizations and is a member of Clinton Global Initiative.



If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

All hands on desk! Wulet team is on the Blockchain Cruise 🚢

The Blockchain Cruise Mediterranean takes place September 7-11 and will tour Barcelona, Monaco and Ibiza.

Dozens of industry leaders and blockchain experts will be attendance, including:
   •   Roger Ver, Cryptocurrency community leader
* Jimmy Song, “OffChain” author
* Charlie Lee, Creator of Litecoin
   •   Bobby Lee, Co-Founder of BTCC
   •   John McAfee, MGT Capital Investments Inc.
   •   Brock Pierce, Venture Capitalist and Founder of The Bitcoin Foundation
   •   Miko Matsumura, Co-Founder at Evercoin
   •   Paul Mockapetris, Inventor of the DNS
The event will cover topics ranging from investment and token sales to regulation and the state of blockchain and marketing for projects.

It is a great opportunity for us to be a part of the great blockchain event. Stay turned and WULET team will show you behind-the-scenes life of a crypto-community.

If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

The market value of loyalty points exceeds hundreds of billions. In the meantime, the amount of expired unredeemed points exceeds $100bn in North America only. Book value of loyalty points is about to reach $500bn in 2019.

The majority of loyalty programs (LP) are inefficient. Operational inefficiencies such as account inactivity, low redemption rates, low client retention rates and high acquisition costs are the main problems of loyalty programs. Programs are not compatible with each other. Customer activity is limited by offers of loyalty programs.

There is no technical opportunity to convert points of various loyalty programs to the points of other loyalty programs. The creation of a loyalty points exchange may be a solution to this problem and there are projects already that are moving in this direction. However, they have significant drawbacks, as some of them include a very limited number of bonus programs, some require the presence of all bonuses in a certain amount, some do not have a convenient interface, some do not have confidence from users. However, they have significant drawbacks, as some of them include a very limited number of bonus programs, some require the presence of all bonuses in a certain amount, some do not have a convenient interface, some do not have confidence from users. There is a number of loyalty programs that allow users to convert bonuses of companies only of similar subjects, for example, flights.

WULET blockchain ecosystem allows to:
• Benefit from entering a “blue ocean” market of tradable loyalty (bonus) points.
• Breathe new life into the “tired” concept of loyalty programs.
• Receive data, which will allow to adjust loyalty programs strategy and increase ROI.

If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

What kind of loyalty programs are the most inefficient?

Any options are welcome.


If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

Promotion codes, bonuses, discount cards - this is what people face every day. However, most of such bonuses are not marketable enough . Unused points are burned, and about 40% of users do not even know that they take part in a loyalty program at all. A classic loyalty program is a centralized service, which records all of the loyalty program terms. User data is stored in a database, which is at the core of the service. Such information as the balance of points, timing of their burning, accrual history is closed, and users have a limited access to it. Users may use an application or a web-service, if any, or should specify the data directly in ticket offices of a retail chain. As a result, the user cannot quickly monitor the balance of their loyalty points and use them in an optimal way. Most of the points either are burnt out or remain unclaimed.


If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

One conference was not enough for the team and after two days in Shanghai, Alexander and Alexey arrived in Singapore for the Blockchain Summit. The event was much bigger than the previous one, with a large number of international speakers, 700+ attendees and crypto teams from all over the world. The team scheduled a couple of meetings regarding future investments in Wulet.

The cozy and friendly atmosphere of the Summit made it possible to talk with almost every participant and speaker. The Wullet team expanded its network and made the acquaintance of many driven and interesting people from the blockchain industry. The team also managed to seal agreements with potential partners who are interested in the possibility of collaborating with Wulet.

The Wulet project did not lack interest from different ICO projects that took part in the Summit, and also caught the eye of blockchain specialists, private investors and fund representatives.

The project MVP Development also drew everyone’s attention, with their eagerness to deliver their trial period results in the form of a couple of thousand of transactions by the end of 2018. This approach, together with a roadshow plan, is a great indication of how serious the project’s intentions are in the immediate future.


If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

On the 28th of August WULET team visited the World’s Largest Dedicated Blockchain Event for Business Leaders in Singapore.

Blockchain Summit Singapore was a 1-day conference and exhibition connecting over 700 industry leaders, business decision makers, tech innovators and investors.

Based on unrivalled content and exceptional networking opportunities, Blockchain Summit was the largest dedicated Blockchain Event Series in the world. No co-located side events. A purely Blockchain focused audience.

Participating in such event was a great experience for WULET team. We received a number of interesting proposals and we had some interesting meetings for investment issues.

If you have any questions you can write
to our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

On August 24-25 the WULET team will participate in Blockchain Technology Summit that will take place in Shanghai.

BLC-Summit gather experts from global to
discuss the development and applications of Blockchain Technology. Such events uncover the latest trends in the tech community and helps your business to build connections with industry leaders.

We will be happy to meet you there and answer any questions you might have.
You can also get your immediate response in our Telegram channel: wulet_io


You always can find detailed information on our website: wulet.io