Hey guys, here's a small update from the founders about the upcoming WaBi ICO!
Hey everyone at Bitcointalk!
- We have launched our offline terminals in 3 baby stores in China last Sunday, so Walimai protected milk formula is currently being sold both offline and online.
- Our team is growing and we now have dedicated community managers as well as a highly experienced marketing director. We have been branded a ‘hidden ICO’ by some reviewers, however, our major marketing activities will start within the next 2 or 3 weeks. We are expecting the channels to become much more lively.
- At the moment we are finalising the ICO participation model. As we stated previously, we think that the current ‘Black Friday at Walmart’ model is terribly resource-inefficient, favours all sorts of sea mammals, and leaves the bulk of people unhappy. We are also not big fans of forced rationing. Therefore, we are finalising a system which hopefully can eschew most of these ailments. We shall be publishing a demo-version in the next few days so that everyone here can practice and get familiar with.
- We realise that currently the regulatory environment has been somewhat turbulent and a lot of people wonder how are we being affected.
- Firstly, to reconfirm, we are in full ICO preparation mode at the moment. The ICO goes ahead. You shall be seeing a lot more updates both here and elsewhere over the coming few weeks.
- Secondly, the China Ban. Just wanted to reiterate that it does not affect us directly, as we are running the ICO out of Singapore. We were bound to introduce a few changes to the Wabi circulation rules when it comes to China. However, once again, neither the business model nor the token model has been affected in a major way. We shall be publishing an updated Whitepaper soon, where these special provisions are presented in a more detailed manner.
- Finally, we wanted to tentatively designate November 7th as the ICO start date, subject to final confirmation. We realise that it is a bit later than we originally envisaged, however, due to the regulatory changes were compelled to move it. We are confident that this date leaves us enough time to step up our marketing efforts and to raise awareness to a sufficient degree to make our ICO a success.
- Last but not least, we welcome any feedback you might have.
Yas, Alex, and the Wabi Team
Beyond the message, we'll be providing everyone with the latest info when we update the wacoin.io website later this week
Please let me know if you have any questions!
