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Author Topic: [ANN] [PreICO] WaBi (蛙币) coin backed 🔥 by safe products in China  (Read 6997 times)
albusxx
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July 21, 2017, 09:22:32 AM
 #1


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PreICO bounty programme details below

Bounty campaign details:

As explained in the WP we are reserving 10% on top of what’s raised as bonuses.

Distribution of bonuses. All of the bonuses from the above 10% of coins will be distributed after preICO is successful and closed. For easier count we are making this 10% of coins equivalent to 10.000 stakes.

4500 - investors bonuses programme.
1000 - reserved for further bonuses, we don’t yet know what it will be.
4500 will be distributed among up to 15 bonus programme participants. What we are interested in is the following:
   •   Blogging campaign
   •   Twitter campaign
   •   Weibo campaign
   •   QQ and Wechat groups promotion
   •   Bitcointalk messaging promotion
   •   Translation: only Japanese, Spanish, Bahasa, no other languages required

Send us your proposal to alex@wacoin.io. Your proposals should include:
   •   Your username in our slack chat (we will only use slack to communicate with bonus programme participants)
   •   Evidence of quality work previously (links, number of followers/group sizes etc, examples of your materials)

We will contact each good proposal individually to agree on the terms.

Special requirements:

Blogging campaign
   •   Quality texts with real followers/previous reads (at least 1000 followers)

Twitter and weibo campaign
   •   at least 500 followers, good engagement with mostly crypto topics

QQ and Wechat groups promotion
   •   We will join the groups as well
   •   At least 500 people across groups, with quality conversations (no chit-chat, bullying, accusations etc.)

Bitcointalk messaging promotion
   •   At least full member rating, ability to run the campaign in several languages highly preferred

Translation: only Japanese, Spanish, Bahasa, no other languages required.
   •   Need examples of the translations already done on bitcointalk

Investor bonuses campaign:
We will additionally reward early investors with the following mechanics:
All of the contributions received will be split into 4 blocks of 75.000 USD each. Contributors from each block will receive 3% of the sum equivalent to that of the of the contributions in the following blocks proportionate to size of their own contribution. This will be distributed after the end of preICO. Couple of examples below to explain:
Example 1:
Mr A contributes 10k among the first 75k contributed to our preICO, total amount raised is 300k.
Then, Mr A will receive 3%*(75k+75k+75k) * 10k/75k = 900 USD worth of preWabi tokens as a bonus.

Example 2:
Mr B contributed 20k among the 2nd 75k contributed, 250k raised overall.
Then Mr B will receive 3%*(75k + 25k) * 20k/75k = 800 USD worth of preWabi tokens. In this example Mr B receives contribution from the full block 3 and only 25k in block 4 because only 250k is raised and the size of block 4 is actually 25k.

This is only relevant to the preICO. The full ICO will have a different bounty campaign.
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July 21, 2017, 12:25:54 PM
 #2

Reserved for indonesian translator

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🌟 IMMLA ICO: Sept.15 - Oct.15 🌟


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July 21, 2017, 12:27:03 PM
 #3

Could someone with good rating please repost to show all pics? Personal promise from the founder to send several of his WaBi (蛙币) tokens to the first person reposting nicely   Smiley


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PreICO bounty programme will be announced in the next few days.
detail program n detail coin ?



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ICO

From .SEP 15TH 2017.

. To    .OCT 15TH 2017.
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July 21, 2017, 12:32:49 PM
 #4

Could someone with good rating please repost to show all pics? Personal promise from the founder to send several of his WaBi (蛙币) tokens to the first person reposting nicely   Smiley


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PreICO bounty programme will be announced in the next few days.
detail program n detail coin ?

Thanks for the question. Please, see below:
Main preICO terms
PreICO and ICO
• We will run this in two stages: first preICO, then ICO itself. PreICO will enable use to put together
an ICO that is adequate to the size of the project and opportunity.

PreICO
• Timing: start on 28th July at 17.00 Shanghai time and run for 21 days or until reaching maximum
amount of 300k USD equivalent
• Minimum and maximum amounts are 30k USD and 300k USD equivalent. If we don’t reach
30k, the contributions will be returned. The preICO will be closed if/when we receive 300k USD
equivalent in contributions
• Token: token is called preWaBi. Each preWaBi will be sold at 1 USD equivalent during the preICO.
Each preWaBi will be converted into 2 WaBi at the end of main ICO
• Token parameters: ERC20 token standard, 330.000 issued at the beginning of preICO. 10%
of tokens on top of whatever is bought by contributors will be distributed as bounties. PreWaBi
tokens not distributed to contributors or as bounties will be destroyed. No tokens will be distributed
among founders or the team. E.g. if we receive 100k in contributions, 100.000 tokens will be
distributed to contributors, 10.000 tokens will be distributed as bounties. The remaining 220.000
tokens will be destroyed.
• Our preICO wallet will be secured with 2 out of 3 signature payments requirement, signatures will
be held by founders and a team member. We are not securing it with a 3rd party due to relatively
small amount of the raise. ICO wallet will be secured by 3rd party escrow.
• Accepted currencies: BTC, ETH, LTC .
• Once minimum amount is reached (30.000 USD equivalent) we will start converting into fiat
currency to avoid fluctuation risk as most of the expenditures to run the full ICO will be in fiat
currencies.
• The amount of preWaBi delivered to contributors will be fixed at current exchange rates at the
time when we receive the payment but delivery of preWaBi will be done at the end of preICO.
• PreICO token code can be examined at (link to Github will be added later)

ICO
• Important to note that we are still in discussion with lawyers on some of the parameters of the
ICO. Hence it is possible that some of the ICO terms may change even after the preICO.
At the same time will do our best to try and change it as little as possible as well as to protect
the interests of our contributors and ensure they are not coming out worse off with whatever
change of the below parameters.
• Timing: start in August or September, will last for 30-60 days or until reaching maximum
amount
• Minimum and maximum amounts are 500k USD and 30m USD equivalent
• Token: token is called WaBi (蛙币). Each WaBi will be sold at 1 USD equivalent during the ICO
• Token benefits: the collected contributions will be used to build sales network of products with
Walimai labels through baby shops in China. Products will be sold at a 5-25% margin because
of additional security, 60% of the profits made will be distributed to WaBi token holders
(subject to taxes) every year. Will will distribute the profits in one of the following ways: a)
buying back WaBi tokens at an exchange b) direct transfers to all of the WaBi token holders.
For more detailed explanation please see the legal setup and benefits distribution part of this
document
• Token parameters: ERC20 token standard, tokens will be issued only one time at the end of
the ICO following the formula: amount of issued tokens=“contributed funds”/0.7+(preWabi
issued at preICO)*2. For example, if 100k USD is contributed during preICO and 7m USD is
contributed during the ICO, 7m/0.7+100k*2=10.200.000 WaBi tokens will be issued. 7.000.000
tokens will be distributed among the contributors, 3.000.000 will be distributed as bounties,
team and founders compensation and 200.000 will be used for conversion from preWaBi into
WaBi.
• Some of the WaBi tokens may be sold at a discount during ICO, e.g. with a discount for early
contributors, in this case we will use the nominal value (1 USD) for the above calculation.
• Given the parameters outlined above, the maximum amount of WaBi tokens can reach
30m/0.7+300k*2=43.457.143
• Our ICO wallet will be secured with multi signature account involving 3rd party escrow. More
details will be announced closer to the ICO
• Accepted currencies: BTC, ETH, LTC
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July 21, 2017, 12:34:42 PM
 #5

reserving trurkish translation

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▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬        whitepaper     facebook     twitter     slack         ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
PRE-ICO | 28th August 2017
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July 21, 2017, 12:39:53 PM
 #6

This is great news as there are many fake products being sold all over the world and it is causing much harm to consumers everywhere. There are problems that need solving and this one is a problem consumers want solved sooner rather than later. WABI taking this initiative will build bridges between trade partners also in the long run.

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July 21, 2017, 12:44:48 PM
 #7


Looking promising project. Will keep my eyes on this project. Any bounty available for Bitcointalker member ? I would like to join the bounty if available ...

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July 21, 2017, 12:46:19 PM
 #8

This is great news as there are many fake products being sold all over the world and it is causing much harm to consumers everywhere. There are problems that need solving and this one is a problem consumers want solved sooner rather than later. WABI taking this initiative will build bridges between trade partners also in the long run.

Thanks qiman for your kind words. The problem is huge and super complex, so, it will take some time and there will be different models that would be solving it. We believe that we are doing the first push and hopefully our solution will become the base for others.
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July 21, 2017, 01:14:37 PM
 #9

reserving german translation
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July 21, 2017, 05:47:18 PM
 #10

The problem of fakes in the West may sometimes seem like a 'theoretical' problem that only tangentially touches the everyday life. At least you are not worried about buying plastic rice when you go grocery shopping. In China, however, the problem is present literally everywhere.

Here are some examples of what it looks like:

Fake beer:

https://www.youtube.com/watch?v=kXIFdRugGtw

And no, they are not washing the cans, it is actually the 'beer' that they use to fill up the cans

Fake brandy:

https://www.youtube.com/watch?v=bpb-w4Uz5I4

Fake eggs:

https://www.youtube.com/watch?v=jXIokJLu_zE

Fake rice:

https://edrugsearch.com/plastic-rice-from-china/

Therefore we started with baby-formula since due to its high marginality it has been one of the favorite products among the counterfeiters resulting in numerous scandals involving a lot of infants dying or sustaining severe afflictions.


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July 21, 2017, 11:59:39 PM
 #11

reserving german translation

We'll announce the details of translation bounties today or tomorrow.
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July 22, 2017, 12:01:36 AM
 #12

Quite Interesting project ... Will there be any Airdrop ?

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July 22, 2017, 01:24:55 AM
 #13

interesting project, dev sent you pm

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July 22, 2017, 01:39:04 AM
 #14


Although I'm not sure about the concept of this project, but it will be an interesting project, hopefully it can run well and good luck for WABI

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July 22, 2017, 01:39:39 AM
 #15

support,the idea is good, will pay attention to your post and further information.

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July 22, 2017, 01:41:47 AM
 #16

let this good coin be traded at Bittrex or Poloniex, they are both good exchanges which the traded volumes are good and sustainable.                                                                                                           
a good coin must be at the good exchanges.   
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July 22, 2017, 01:52:27 AM
 #17

Reserved.

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July 22, 2017, 02:04:07 AM
 #18

A WABI can solve China's fake? The key is to promote the use.


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✔️️ ANN Thread
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July 22, 2017, 03:11:28 AM
 #19

A WABI can solve China's fake? The key is to promote the use.

Exactly! Good technology is not enough here, it's important to get people (who are generally not that tech-savvy) to start using the technology. That's why we are starting with baby food segment. Mother really care about the safety of the food, especially after all of the scandals. And in smaller cities (like Jiaxing, Hefei, Jiaozuo etc) there are not many options to buy baby food and feel safe, unlike in Shanghai where you can go to an expensive City supermarket and can be reasonably sure what you are buying is not fake.

Getting mothers/fathers to use this on baby formula is only the first step. Next it would be to add other products/segments like alcohol and pharmaceuticals. And, because doing the project with baby food is profitable, it will give us enough momentum to raise funds (investors will love to see profitability in the baby food segment) and make it successful in other segments as well.
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July 22, 2017, 03:16:46 AM
 #20


Although I'm not sure about the concept of this project, but it will be an interesting project, hopefully it can run well and good luck for WABI

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