[ANN][TAEL (WaBi)] - Supply chain, loyalty points, real world adoption

[jeewaka]

So preICO prices will be 5-8x cheaper than the ico prices? Thats nuts. Other ICO's with similar discounts result in dumps to start trading - no point to invest in the ICO.

Our situation is a little bit more nuanced than that. Some people will probably sell tokens as they hit the exchanges. But keep in mind:

1. We sold 20% of circulating supply (10% of total) at the preICO to raise money to run the actual ICO.

2. Assuming half of those coins are sold on exchange quickly after the ICO - it is 10% of the circulating supply.

3. That would push the price down, we don’t know by how much, maybe around 10% but it depends on a lot of other factors.

4. 10% price volatility in crypto is a daily thing. It’s noise.

The above argument is not 100% rigorous but helps to put things into perspective.

We would also encourage people to think of the unmet demand that will be filled at the exchange: a lot of people will not pass our KYC (some countries restricted for the initial sale, some people will not be able to provide the right documents, etc). They will probably try to get the tokens at the exchange.

Most importantly, we would encourage people to look at the project long-term, not based on the first few days when it’s on the exchange.

You basically said it would be cheaper for everybody to buy it on the exchange than in the ICO lol

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[WaBiWalt]

You basically said it would be cheaper for everybody to buy it on the exchange than in the ICO lol

Not at all. Only a comparatively small amount of tokens were sold during our open preICO, raising 300k USD through 300 contributors.

[btcthm]

You basically said it would be cheaper for everybody to buy it on the exchange than in the ICO lol

Not at all. Only a comparatively small amount of tokens were sold during our open preICO, raising 300k USD through 300 contributors.

It's not small amount of tokens.
Large enough to dump on exchange.

You should lock pre ico investers token at least 3 months after ico or we will not invest in your ICO. We don't want to become  bag holders.

[WaBiWalt]

It's not small amount of tokens.
Large enough to dump on exchange.

You should lock pre ico investers token at least 3 months after ico or we will not invest in your ICO. We don't want to become  bag holders.

If you believe that the WaBi will plummet after entering the exchanges, by all means, feel free to wait. However, we'd ask you to consider more than one factor when making this decision:

1. We didn’t have a private pre-sale. We did a public Pre-ICO which resulted in a wide distribution of tokens with very small amounts held by any given individual investors. Please see for yourself: https://ethplorer.io/address/0x753af9dbe862fdb00db5bc9455063e3aad3674bd#tab=tab-holders&pageSize=100

2. Exchanges do not have KYCs and, as noted in our whitepaper, we explicitly excluded certain nationalities for ICO participation, in addition to people who would not want to go through the KYC process.

3. Aside from the ICO, we are a rapidly growing company with constant business developments. I realize that this factor often gets lost in the crypto world due to the scarcity of projects with anything more than a vapourware promise. But this is by far the most important factor influencing the market cap, in the non-crypto world.

[WaBiWalt]

On Sunday 15th of October, 10 AM Eastern Standard Time, co-founders Yas and Alex will be available for any and all questions on the WaBi Project YouTube channel at: https://www.youtube.com/channel/UCqPmhEMNHI50oNH0FwyLAPQ

(10 a.m. ET, 3 p.m. London, 4 p.m. CET, 10 p.m. Beijing time).

They will also be making an announcement regarding the token distribution system WaBi will be using at the upcoming ICO.

[John Cryp]

It's not small amount of tokens.
Large enough to dump on exchange.

You should lock pre ico investers token at least 3 months after ico or we will not invest in your ICO. We don't want to become  bag holders.

If you believe that the WaBi will plummet after entering the exchanges, by all means, feel free to wait. However, we'd ask you to consider more than one factor when making this decision:

1. We didn’t have a private pre-sale. We did a public Pre-ICO which resulted in a wide distribution of tokens with very small amounts held by any given individual investors. Please see for yourself: https://ethplorer.io/address/0x753af9dbe862fdb00db5bc9455063e3aad3674bd#tab=tab-holders&pageSize=100

2. Exchanges do not have KYCs and, as noted in our whitepaper, we explicitly excluded certain nationalities for ICO participation, in addition to people who would not want to go through the KYC process.

3. Aside from the ICO, we are a rapidly growing company with constant business developments. I realize that this factor often gets lost in the crypto world due to the scarcity of projects with anything more than a vapourware promise. But this is by far the most important factor influencing the market cap, in the non-crypto world.

The contributors in the pre-ico entered with small amounts because they believed in the solution and the team, but not everything was set in place yet. This project went way bigger along the road and a lot of interest is starting to show up lately. Im pretty sure hardly any of the pre-ico participants will have any reason to sell, except if they need fiat badly. If you're on Slack and Telegram you see most pre contributors will only buy more because almost all of us went in with way to low amounts for projects like this one!

[BiaPhone]

i will not invest if the pre sale be not lock in 3 months

[klidex]

locking period really long time if I can Assume, 1 month like a year in cryptocoin 

but if the development will remain good and successful that thing is okay. but How do we know that after those 3 month everything goes well?

[Dasengineer]

Is there are a plans for bounty campaign?

[daniweb]

I am pretty clear that Wabi is a loyalty programme on top of Walimai for anyone who read WP.

[Ojuju]

i will not invest if the pre sale be not lock in 3 months

That's very ok. It means more tokens for the rest of us. You can wait for exchange. The rest of us will invest.

[Bitcoin2theEnd]

i will not invest if the pre sale be not lock in 3 months

That's very ok. It means more tokens for the rest of us. You can wait for exchange. The rest of us will invest.

I will be investing in the ICO. Not worth the risk of missing out.

[WaBiWalt]

Dear Bitcointalk community,

Since the announcement of our bidding system during our Q&A, we’ve been getting a lot of feedback from our communities. We’re happy to see many who appreciate our project and we understand that many of you would rather see us conduct our ICO in a more familiar format.

We also realize that not all of the supporters are active in the groups, so, to get a more complete understanding we will run a poll via email. We will ask you a simple question on whether you prefer the bidding system or a standard whitelist.

If you have not yet signed up for our emails, please, do so now, so that you could participate in the poll. You can do so at www.wacoin.io

The poll will be closed within 24 hours and only takes few seconds to respond, please do take the time to fill it in.

Thank you all!

[crypto_bit]

Could you give me some clarification? If I would like to lock the prewabi tokens for 3 or 6 months I HAVE to do the KYC. But if I would like to sell you these at ICO price then I do NOT have to do the KYC, am I right?

If so, it is a right move indeed. Most people will sell at ICO price, so the real winners are going to be these KYC people with long term investment. Smart.

[FlorentineNobleman]

I will sell you at ICO price.

[John Cryp]

Could you give me some clarification? If I would like to lock the prewabi tokens for 3 or 6 months I HAVE to do the KYC. But if I would like to sell you these at ICO price then I do NOT have to do the KYC, am I right?

If so, it is a right move indeed. Most people will sell at ICO price, so the real winners are going to be these KYC people with long term investment. Smart.

Think this is a nice solution for people complaining for the price difference. I'm in for the long run and will go for longest possible lock up. Please add 1 year lock up for 20%?

[WaBiWalt]

Could you give me some clarification? If I would like to lock the prewabi tokens for 3 or 6 months I HAVE to do the KYC. But if I would like to sell you these at ICO price then I do NOT have to do the KYC, am I right?

This is correct.

Think this is a nice solution for people complaining for the price difference. I'm in for the long run and will go for longest possible lock up. Please add 1 year lock up for 20%?

We've currently settled for a 5% bonus for 3 months and a 10% bonus for 6 months. This is simply a "thank you" to people who intended to keep the tokens for a long time anyway (our long-term supporters). It is not meant to affect their behavior.

[baby222]

Hi guys, i have been following the project quite a while, is there any other thing I could do right now to participate in ico? Just adding my email to ico email announcements is all I can do right?

[mitchel_am]

Hi guys, i have been following the project quite a while, is there any other thing i could do right now to participate in ico? just adding my email to ico email announcements is all I can do right?

[daniweb]

will there also be an option to buy back part of pre-wabi and keep the rest locked up for certain period?