WaBi (WABI)

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Official site (website): https://wacoin.io Official site (website): https://www.walimai.com/en/ iOS app download (iphone): https://itunes.apple.com/us/app/walimai/id1168929715?mt=8 Android app download: https://play.google.com/store/apps/details?id=com.walimai.client Download: http://shouji.baidu.com/software/11539578.html Official Twitter account: https://twitter.com/wabiico Official Telegram channel (group): https://t.me/wabiico Reddit: https://www.reddit.com/r/WabiToken/ YouTube video (channel): https://www.youtube.com/channel/UCqPmhEMNHI50oNH0FwyLAPQ Official Facebook account (fb): https://www.facebook.com/wabiico/ Official WeChat account: https://cldup.com/_qypwga2jL.pngPDF document file: http://resources.wacoin.io/WaBI_Whitepaper_ENG.pdf Slack channel: http://slack.wacoin.io/ Explorer: https://etherscan.io/token/0x286bda1413a2df81731d4930ce2f862a35a609fe Explorer: https://ethplorer.io/address/0x286bda1413a2df81731d4930ce2f862a35a609fe Medium (blog, article, news): https://medium.com/@wabiico Discussion forum: https://bitcointalk.org/index.php?topic=2038385.0 CoinMarketCap (coin market cap): https://coinmarketcap.com/currencies/wabi/ Alexa website traffic ranking: https://www.alexa.com/siteinfo/wacoin.io

Truth and facts[edit]

  • WaBi is the digital token behind Walimai's anti-counterfeit technology.
  • WaBi is a digital token backed by safe products. Wabi places secure anti-counterfeit labels on consumer products in China and internationally.

Official

  • WaBi (WABI) is based in Singapore.
  • Walimai is based in China.
  • WaBi in Chinese language: 蛙币

Token

  • The official ticker symbol for WaBi token: WABI
  • Token type: ERC20
  • Total token supply: 99,218,023 WABI
  • Circulating Supply: 45,248,033 WABI

ICO

  • ICO from 28 Nov 2017 to 1 Dec 2017.
  • pre-ICO from 28 Jul 2017 to 1 Sep 2017.
  • ICO token price: 1 ETH = 0.25 USD / 0.24 USD.


Video Playlist[edit]

How Walimai's Anti-counterfeit Label Works

00:00 Walimai co-founder Alexander Busarov introduces how its RFID-based anti-counterfeit label works.
00:00 So I'm gonna introduce the Walimai label, this is the Walimai label.
00:04 There's an unsafe a protection measures, let me help with it, it's both digital and physical, I'll start with the digital.
00:13 So with a digital, this a small chip inside here, it's an RFID chip, it's unique for every product when we put the label onto the product.
00:23 So it's like every product has its own passport, so it's own id and it's unique.
00:28 What happens then is we place this onto the product and the consumer can use one in my app on the phone to scan the product.
00:37 Now within these two seconds that I was scanning it, what happens is that the base of which is on the chip and on our server, it changed.
00:50 This is the strong authentic protection feature that we've got.
00:53 It's similar to in banking, there are these devices that banks give you, it looks like a calculator and then you need to enter the code and then it gives you another code and each time the code given is different.
01:06 So this changing code idea that you get on the banking device is essentially here within the chip and within our system.
01:14 Now when people scan it, what he get is not just a confirmation that the product is real, it's also on all of the details of where the product was produced, what it looks like, how you can consume in etcetera.
01:26 So this is the digital protection features.
01:29 Now, there's an additional protection feature which is physical.
01:32 This staple itself was built in a way that it's strong enough to not break it in the normal logistics process.
01:38 At the same time, it's fragile enough that no one can just take the label off the product onto another product because that would break the anti-counterfeit system.
01:49 Now the way that it works is this.
01:51 So this is how the place to come to and I can with baby formula.
01:56 So when I tried to scan it, I can scan it, scans it and tell me what the product is real.
02:01 Now if I try to remove it, the antenna will break and it will be impossible to use the product.
02:09 At the same time, if the consumer just opens the product with a normal usage, you open it and it breaks the label as well, so now you cannot reuse it, that's it.
02:19 Now if I try to scan it again, it will not work, the antenna is broken, so the chip cannot communicate, that's it.

ICO Review: WaBi (WABI) - Token For Safe Consumer Products

00:00 Hi there, this is Victoria from crush crypto dot com.
00:02 In this video, I will be covering WaBi, a token for safe and authenticated consumer products.
00:06 Please note we are not paid or mandated to do any of our reviews, this is just a personal opinion and analysis and not investment advice.
00:15 Walimai is the company behind the WaBi ICO and token.
00:19 Incorporated in 2015, the company develops solutions to ensure product authenticity by placing secure anti-counterfeit labels on consumer products in china and internationally.
00:30 Their operations are mainly in China, which suffers from counterfeits and products such as baby formula, cosmetics and alcohol.
00:38 Some of you may recall the incident that happened back in 2004 in China, where at least 63 babies died after consuming fake baby milk.
00:45 In order to solve the problem of counterfeit products and provide confidence for consumers, the company has developed RFID labels with anti reuse design, as well as mobile apps that integrate with these labels.
00:58 This is a screenshot of their mobile app which is available in both the Apple and the Google Play Store.
01:03 The Walimai label is applied to the product at the point of origin and is scanned throughout the supply chain.
01:09 After consumers purchased the products, they can scan the items with the Walimai app, which would then show whether the product is an original and the products previous locations and time stamps along the supply chain.
01:20 Walimai labels have unique RFID chips with anti cloning and anti reuse protection.
01:26 So what is WaBi?
01:26 Walimai is launching their own digital cryptocurrency which supports their counterfeit system and is backed by sales of products that are protected by Walimai technology.
01:36 Consumers around the world are able to purchase products that are protected by Walimai.
01:41 The use of blockchain technology helps securely link a physical item to his digital representation in a cost-effective manner to protect everyday consumer goods.
01:51 The idea Walimai was conceived in September 2013.
01:54 In 2014 and 2015, the Walimai team was engaged in a strategic turnaround project for one of the largest infant formula producers.
02:03 In 2016, their mobile ad was launched in iOS and Android and a new version of their RFID label was developed.
02:10 Walimai began sale online at JD.com in December of 2016 and they received positive feedback and a high conversion and retention rates.
02:18 They also began selling through physical infant nutrition stores in May 2017.
02:22 In December, the team plans to activate sales of Walimai protective products through WaBi.
02:29 More baby shops will start selling their products and a team will also start sales of alcohol with Walimai labels.
02:35 In 2018, they will establish partnerships with producers and distributors of baby food and alcohol and also venture into pharmaceutical products.
02:44 And in 2019, they plan to extend the use of WaBi to other areas including loyalty programs by manufacturers and partnerships with insurance companies.
02:54 The team will be raising funds in an upcoming ICO that starts on November 28th.
02:59 The maximum market cap is 22 million dollars if the hard cap of 11.5 million dollars is reached.
03:06 The conversion rate is 25 cents per WaBi token where the total token supply 100 million.
03:10 They had a pre ICO back in August where they raised three hundred thousand dollars, but they had put in place measures to prevent dumping after the tokens are listed, and I'll talk about that in a bit.
03:20 This chart here shows how the tokens will be allocated.
03:23 52 percent is from ICO contributors, 35 percent for the growth escrow, which is used for rewards by merchants to consumers.
03:31 And according to their white paper, it's set at 5 percent of quarterly sales growth, the remainder is for the team and reserve.
03:37 WaBi works like a loyalty program for Walimai products.
03:42 Merchants need to use WaBi tokens in order to sell through Walimai channels.
03:45 They have incentives to do this as consumers trust the brand and are willing to pay a premium.
03:50 Merchants can also use the tokens to effectively give a discount as consumers who buy the products will receive tokens which can be used to redeem something in the future, or they can offer other types of promotions.
04:03 For example, a customers buy a second product or if they refer a friend, they can receive WaBi tokens.
04:07 Consumers can use WaBi tokens to receive discounts on products that are sold on Walimai channels.
04:13 They will need to top up their WaBi balance to be able to use the discounts which creates additional demand for the tokens.
04:18 Consumers can also scan Walimai products to earn tokens which can be used for discounts on products.
04:24 The he also plans to enable users who have gift cards where they could buy Lobby tokens as a gift for someone else to use.
04:30 The more transactions that are generated on the Walimai channels, the more valuable Lobby tokens should be.
04:36 WaBi currently has a core team of ten people.
04:39 The CEO was previously the strategy and sales director for a leading baby food company, the founder of a fundraising platform for startups in China and a consultant at McKinsey.
04:50 WaBi advisors include a former regional prepaid and personal payments head at MasterCard, a former executive director Goldman Sachs and associate principal at McKinsey, a former director of digital commerce development of meat Johnson nutrition, and the business development director of Aliexpress.
05:07 So what are some of the opportunities?
05:10 Walimai is a good candidate to benefit from the macro trends in China.
05:13 First of all, China pays at its one-child policy in 2015 which should boost a demand for baby products.
05:19 And second, China suffers from counterfeit products.
05:21 As you can see in this chart, the majority of counterfeit goods originate from China.
05:27 Because of the prevalence of fake products, consumers are willing to pay a premium for quality and safety.
05:31 For example, there was a big scandal with baby formula in 2008, where six infants died.
05:38 Since then sales of baby formula made by foreign brands have jumped multiple times.
05:42 Chinese consumers are willing to pay a premium for baby formula imported from overseas partly because the authenticity is guaranteed.
05:48 WaBi closest blockchain competitor, walton, has a very large market cap of one hundred and thirty million dollars compared to WaBi maximum market cap of 22 million.
05:59 However, WaBi is more advanced in terms of development.
06:03 Walton has signed a number of MOUs which may have contributed to his large market cap but mo use mean very little in China as the parties are not contractually committed to anything.
06:13 The project has a solid team and advisors with relevant experience and expertise that will help push the project to the next level.
06:20 The team has already spent four years developing and refining their technology and business model.
06:25 The company has also put in place a procedure to prevent dumping of pre ICO participants.
06:30 WaBi offer two options for those participants.
06:32 They can either choose to have their tokens locked for three to six months and get a five to ten percent bonus or they can other tokens back to WaBi at the ico price.
06:42 These two options are designed to prevent pre ico participants from selling at the exchange to lower the ICO price.
06:46 Our main concern is mostly to do a regulatory uncertainty.
06:52 Although the WaBi project is based in Singapore, Walimai operations are mainly in China, which is subject to a lot of regulatory risks particularly related to cryptocurrencies.
07:02 Here are just some of the measures that have been taken by Chinese regulators so far.
07:06 Most recently, China imposed a nationwide ban on ICOs in September and also halted yuan-denomiated crypto currency trading.
07:13 The WaBi team has put in place special provisions for the China market which they hope will help safeguard them from potential regulatory issues.
07:21 So in conclusion, for flipping we currently have a positive view.
07:26 The project's hard cap, team, business idea and market awareness are all above average compared to other ICO projects that we've come across.
07:33 However, due to the hype surrounding this project, the individual cap for the ICO is probably going to be low.
07:38 We also have a positive view on long-term holding.
07:41 As I mentioned earlier, Walimai is a good candidate to benefit from favorable macro trends in China, and we believe their project has a very good chance to be successful.
07:50 Thank you very much for watching our video on WaBi.
07:53 Please subscribe to our youtube channel and follow us on Twitter or Facebook for the latest updates on cryptocurrency investments.
08:00 If you have anything to add, please leave us a comment below.
08:03 See you next time and I hope you'll keep on crushing your crypto game.

Wallets[edit]

Exchanges[edit]

List of exchanges, trading platform and marketplaces to trade, buy and sell WaBi (WABI).

Roadmap[edit]

Team members[edit]

  • List of team members in WaBi (WABI).
Name Position Details
Alexander Busarov Co-founder, CEO

Official LinkedIn account: https://www.linkedin.com/in/alexanderbusarov/

  • Alexander Busarov is the CEO and co-founder of WaBi (WABI) cryptocurrency project.
  • Former McKinsey & Co. consultant, Sales Director at a leading infant formula producer. Guided project development for Russia and China-based companies as an independent advisor. Graduate of the London School of Economics. Conversational in Mandarin Chinese.
  • Graduated from The London School of Economics and Political Science (LSE) with BSc Field Of StudyPhilosophy and Economics (2006 to 2008).
  • Graduated from Zhejiang University with Mandarin language course (2012 – 2012).
  • Graduated from Bellerbys College with A-Levels (2003 – 2005).
Yaz Belinskiy Co-founder
Kitty Xu Marketing director
Chi-Tung 'Duomo' Pan Sales project manager
Arthur Pinchuk IT lead
Roman Tronenko Mobile lead, blockchain architect
Wouter 'Walt' de Hoogd Community manager, copywriter
Zhu Fang Customer support manager
Danjie Hu Project manager
Dmitry Korzhik Blockchain lead

Advisors[edit]

  • List of advisors for WaBi (WABI).
Name Details
Mario F. Pazos Advisor
Igor Livant Advisor
Long Chiu Advisor
Mark Zavadskiy Advisor
Bruno Mercier Advisor

Partners[edit]

White papers[edit]

Bounty programs[edit]

Frequently asked questions[edit]

Reviews[edit]

References[edit]