[ANN][NEWS] WAWLLET - News and press releases

[Thadeous]

Update from WAWLLET September 1, 2018

1. The app mock-up is done, will be published next week, together with the new webpage layout.

2. Alpha version in progress. To be released in September

3. License process in progress. To be acquired by 1st of October.

4. WAWLLET BRONZE VERSION scheduled to be launched on 28.11.2018

5. WCOIN listing to new exchanges still in progress due to opportunity reasons. I am not convinced that listing WCOIN to new exchanges before WAWLLET BRONZE launching will bring an added value to the token or to the project, for mid and long term.
There is an entire debate, as generally speaking, people are tempted to believe that exposing a token to a new market will increase its value. I have a different opinion: nowadays more than 95% of the tokens are free falling due to lack of deliverable. As long as WAWLLET is not delivered, I believe listing WCOIN to new markets is not a wise strategic move and will NOT bring positive results neither on short term nor middle. My call is to wait until we have a product.

[blackwellconfusedya]

I think WAWLLET connect people, banking and financial services, both traditional and new. And in the future, it will become a versatile wallet first assets in the world financial and personal passport.

[Thadeous]

Update from the WAWLLET team

https://www.wawllet.com/ is on maintenance mode, as we are uploading the new website version, including the app mock-up, as promised.

[Thadeous]

New version of wawllet.com available now.
App Mock-up included. Soon App's Alpha Version.

[Thadeous]

Update from WAWLLET September 27, 2018

Dear community,

We are soon launching the non-commercial alpha version for testing purposes.
We are organizing a bounty program in order to:

1) test UI and usability;
2) test crypto functionality: make transactions, view trx state, balance etc.;
3) test financial functionality: operate with real money;
4) stress testing: emulating abnormal user behavior;
5) crash testing: making huge amount of transactions, very small or zero amounts, etc.
6) security threats/vulnerabilities.

The rewards will be on the range between 100 USD and 10,000 USD worth of WCOIN, based on the level of threat/bug/improvement discovered.

Please send a PM containing your full name and email address to Thadeous in order to join the bounty campaign. You will be notified once you will be accepted in the bounty campaign.

Registration process will be closed on 10.10.2018. Selection process will end on 15.10.2018.

We remind you that at 24.09.2018 WAWLLET ENTERPRISES has been granted by the relevant Estonian authority with wallet and crypto exchange licenses:

No. FVR000428 - for virtual exchange service
No. FRK000349 - for virtual wallet service

[Thadeous]

Update from WAWLLET November 1, 2018

1. WAWLLET ENTERPRISES HEAD QUARTER has been established to Ireland on 30.10.2018, under the registration number 636739.

2. Alpha version succesfully tested.

3. Beta version to be released for community testing before 15.12.2018.

[Thadeous]

Update from WAWLLET November 22, 2018

1. Crypto to crypto exchange operations successfully implemented and tested.

2. Inter blockchain transactions successfully implemented and tested.

3. Multi-crypto wallet features successfully implemented and tested.

4. Crypto Pocket completed, fully functional.

Major news to come in December.

[Thadeous]

Update from WAWLLET

1. Our initial target was to launch WAWLLET mid 2019.
2. We are ahead and we will launch it on 1st of february.
3. Alpha version was successfully tested.
4. Beta is finalized and under internal testing.
5. Probably won't be a public beta testing and we will launch it based on private/internal testing.

[Thadeous]

Update from WAWLLET November 19, 2018

Dear community members,

As we are close to launch WAWLLET, before the initial scheduled date (mid 2019), we have decided to take some actions regarding the business structure, community, rewards and marketing as following:

1.  Due to token issuance session, we have minted 56,642,698 WCOIN.  According to the whitepaper and public announcements, 45,000,000 WCOIN were reserved by VCs, with a no-trading period of at least 6 month. We have decided to call the put option and we have redeemed 35,000,000 WCOIN. Therefore, 35,000,000 WCOIN are now at our disposal. We have decided to permanently burn the entire above mentioned amount, by sending all 35,000,000 WCOIN to the contract address 0x899338b84d25ac505a332adce7402d697d947494, an address which holds its own private key, therefore, no one could ever access it and the tokens will be permanently burned.
For more details you may access the audit made by IOSIRO here: https://www.iosiro.com/audits/win-token-smart-contract-audit
The burning action will take place on or before 15th of January 2019.  

2.  After the above mentioned burning action, 21,642,698 WCOIN will remain on the market according to the following structure:
   a.  About 5,000,000 WCOIN kept by the team
   b.  About 6,600,000 WCOIN spread among the public
   c.  10,000,000 WCOIN reserved for VC call option

3.  Within 6 month from launching WAWLLET BRONZE VERSION, WCOIN could be settled for WAWLLET services according to the WCOIN settlement mechanism described in the whitepaper and here: https://www.youtube.com/watch?v=8BQ4S9BmHoQ

4.  As the community was always supporting the project we have decided to offer it up to 5% from the company shares under the following terms:
   a.  Minimum equity purchasing – 1%
   b.  1% Equity against 1,000,000 WCOIN + 50,000 EUR
   c.  The applicants must submit an intention letter on or before 15th of January 2019
   d.  The applicants shall pass a full KYC process and will be subjected to the board approval.
   e.  After the board approval, the full transaction details shall be disclosed to the potential partner.
   f.  The deadline for the final transaction – equity against payment – shall be 15th of February 2019
   g.  All the WCOIN received for the share acquiring transactions will be permanently burned.

For more information, please submit an email to m@wawllet.com.

[chnexus]

Interesting but I don't see WCOIN on coimarketcap.
I think it was there but not now.

[Grobokopalka]

WAWLLET'S WCOIN Listing Announcement

WAWLLET is proudly announcing the partnership with QUOINE,
including the WCOIN (WIN) listing on QRYPTOS starting with 14.04.2018.

We are recommending all the WCOIN (WIN) holders to register on QRYPTOS.
Additional details regarding registration on QRYPTOS to be addressed to the Help Center.

This is great news, the coin slowly goes up  https://www.linkedin.com/pulse/wawllet-pre-launching-announcement-mihail-lala/

[Thadeous]

Interesting but I don't see WCOIN on coimarketcap.
I think it was there but not now.

After Qryptos merged to Liquid some of Liquid coins were not listed on CMC.
You can ask for details in WAWLLET channel: https://t.me/BA0ARkOA92RV7dNxwfKmng

[Mila52]

Update from WAWLLET November 19, 2018

Dear community members,

As we are close to launch WAWLLET, before the initial scheduled date (mid 2019), we have decided to take some actions regarding the business structure, community, rewards and marketing as following:

1.  Due to token issuance session, we have minted 56,642,698 WCOIN.  According to the whitepaper and public announcements, 45,000,000 WCOIN were reserved by VCs, with a no-trading period of at least 6 month. We have decided to call the put option and we have redeemed 35,000,000 WCOIN. Therefore, 35,000,000 WCOIN are now at our disposal. We have decided to permanently burn the entire above mentioned amount, by sending all 35,000,000 WCOIN to the contract address 0x899338b84d25ac505a332adce7402d697d947494, an address which holds its own private key, therefore, no one could ever access it and the tokens will be permanently burned.
For more details you may access the audit made by IOSIRO here: https://www.iosiro.com/audits/win-token-smart-contract-audit
The burning action will take place on or before 15th of January 2019.  

2.  After the above mentioned burning action, 21,642,698 WCOIN will remain on the market according to the following structure:
   a.  About 5,000,000 WCOIN kept by the team
   b.  About 6,600,000 WCOIN spread among the public
   c.  10,000,000 WCOIN reserved for VC call option

3.  Within 6 month from launching WAWLLET BRONZE VERSION, WCOIN could be settled for WAWLLET services according to the WCOIN settlement mechanism described in the whitepaper and here: https://www.youtube.com/watch?v=8BQ4S9BmHoQ

4.  As the community was always supporting the project we have decided to offer it up to 5% from the company shares under the following terms:
   a.  Minimum equity purchasing – 1%
   b.  1% Equity against 1,000,000 WCOIN + 50,000 EUR
   c.  The applicants must submit an intention letter on or before 15th of January 2019
   d.  The applicants shall pass a full KYC process and will be subjected to the board approval.
   e.  After the board approval, the full transaction details shall be disclosed to the potential partner.
   f.  The deadline for the final transaction – equity against payment – shall be 15th of February 2019
   g.  All the WCOIN received for the share acquiring transactions will be permanently burned.

For more information, please submit an email to m@wawllet.com.

This is really good news, because at the stated price of $9, the price WIN has dropped significantly. With a general dumping in the value of coins, this is the right decision of the team.

[Mila52]

The project looks very interesting and promising. At this moment, as I understand, even there are no competitors.

That's true, WAWLLET doesn't have competitors.
New exchanges and alpha version of the Core App are going to be announced soon.
So stay tuned.

On what other exchanges have you planned to exit with WIN? Any news?

[Thadeous]

The project looks very interesting and promising. At this moment, as I understand, even there are no competitors.

That's true, WAWLLET doesn't have competitors.
New exchanges and alpha version of the Core App are going to be announced soon.
So stay tuned.

On what other exchanges have you planned to exit with WIN? Any news?

Not at the moment.
Currently company focused on launching WAWLLET BRONZE VERSION, which will allow to settle WIN for WAWLLET services.

[24Kt]

Interesting but I don't see WCOIN on coimarketcap.
I think it was there but not now.

There are certain requirements before a specific coin or token is listed in coinmarketcap. So I'm assuming this coin has not met the volume requirements yet. And should be at least traded in 2 exchanges.

https://coinmarketcap.com/methodology/#listings-criteria

[Thadeous]

Interesting but I don't see WCOIN on coimarketcap.
I think it was there but not now.

There are certain requirements before a specific coin or token is listed in coinmarketcap. So I'm assuming this coin has not met the volume requirements yet. And should be at least traded in 2 exchanges.

https://coinmarketcap.com/methodology/#listings-criteria

Yeah, I think the most interesting is: Note that these are only necessary conditions and meeting them does not guarantee a listing.
 

[demovasi]

Coinmarketcap requires a minimum volume rquirement. For some coins it comes out easily. For some coins it takes time. This does not mean the coin is under developed. There are many coins with good devs still waiting to find the demand of volume requirement. No worries. It's not a problem.

[Thadeous]

Coinmarketcap requires a minimum volume rquirement. For some coins it comes out easily. For some coins it takes time. This does not mean the coin is under developed. There are many coins with good devs still waiting to find the demand of volume requirement. No worries. It's not a problem.

According to CMC, which has about 2,000 listed coins, 24h Volume is less than:
- $100,000 for 75% of all coins,
- $1000 for 40% of all coins,
- $100 for 25% of all coins.
- $1 for 10% of all coins.

And according to Coinlib, which has about 5,000 listed coins, 24 Volume is less than:
- $100,000 for 90% of all coins,
- $1000 for 75% of all coins,
- $100 for 65% of all coins.
- $1 for 50% of all coins.

Hope this simple math will help to realize current bearish state of the crypto market.

[Thadeous]

Update from WAWLLET January 08, 2019

Dear community members,

As previously announced, 35,000,000 WCOIN have been permanently burned on 08.01.2019, by sending all 35,000,000 WCOIN to the contract address 0x899338b84d25ac505a332adce7402d697d947494, an address which holds its own private key, therefore, no one could ever access it and the tokens will be permanently burned. For more details you may access the audit made by IOSIRO here:  https://www.iosiro.com/audits/win-token-smart-contract-audit .

As the community was always supporting the project we have decided to offer it up to 5% from the company shares under the following terms:
a.  Minimum equity purchasing – 1%
b.  1% Equity against 1,000,000 WCOIN + 50,000 EUR
c.  The applicants must submit an intention letter on or before 15th of January 2019
d.  The applicants shall pass a full KYC process and will be subjected to the board approval.
e.  After the board approval, the full transaction details shall be disclosed to the potential partner.
f.  The deadline for the final transaction – equity against payment – shall be 15th of February 2019
g.  All the WCOIN received for the share acquiring transactions will be permanently burned.

We remind you that due to token issuance session, we have minted 56,642,698 WCOIN.  According to the whitepaper and public announcements, 45,000,000 WCOIN were reserved by VCs, with a no-trading period of at least 6 month.
After the above mentioned burning action, 21,642,698 WCOIN have remained on the market according to the following structure:
h. About 5,000,000 WCOIN kept by the team
i.  About 6,600,000 WCOIN spread among the public
j.  10,000,000 WCOIN reserved for VC call option

Within 6 month from launching WAWLLET BRONZE VERSION, WCOIN could be settled for WAWLLET services according to the WCOIN settlement mechanism described in the whitepaper and here: https://www.youtube.com/watch?v=8BQ4S9BmHoQ

For more information, please submit an email to m@wawllet.com.