POTS STAGE 1 STARTED
Evolution is coming!
The First On-Demand Advertising Platform
WeBuy Builds a New World for Buyers & Sellers
WeBuy is creating a completely new experience for buyer and seller communication.
Choose When, Why, & How to Be Reached, and Get Paid!
With this new dynamic, buyers’ needs are a priority. When it comes to being contacted, buyers set the rules and conditions. Sellers are then able to offer their best products and services directly to interested buyers.
Build a Profitable Business
With this new dynamic, buyers have the chance to build profitable businesses, just by sharing information from their phones!
Geolocalize a Potential Buyer
With this new dynamic, local business owners will be able to geolocalize potential clients in real time; clients that are willing to buy their products and services.
HOW IT WORKS
WeBuy takes on the monopoly of the advertising giants and gives the power and money back to the buyer. In effect, we are enabling SMEs to promote their products and services to those interested, quickly, simply, and at minimal cost.
When a buyer wants to make a purchase, they create a SellMe profile, which describes the product or service that they want to buy. The SellMe profile is then sent to WeBuy sellers in the buyer’s geographical area who are selling the products or services that the buyer is looking for.
Having paid to advertise, sellers can see buyers and answer their SellMe profiles, communicating in real-time, while promoting products and services to their potential new customers or clients.
The Platform is based on two main concepts:
1. New communication paradigm
Sellers pay to communicate with buyers who have expressed interest in specific products or services. Buyers receive a share of the advertising fees that have been paid for by the sellers. This results in a true win-win for both parties involved.
2. Platform Created and Owned by Buyers
Buyers are able to recruit sellers to WeBuy in order to establish their very own Buyer Referral Network (BRN).
THIS APPROACH LEADS TO A new WIN-WIN situation.
Buyers are able to find the products and services that they want, at the best price, nearby, and are compensated for reviewing relevant ads.
Sellers are able to reach potential customers and clients who they know are interested in their specific products.
In effect, customer acquisition and transaction costs are cut, and advertising is targeted and highly effective.This results in a true win-win for both parties involved.
BUYER REFERRAL NETWORK (BRN)
Sellers are invited to join WeBuy by individual buyers who know them and have conﬁdence in them.
By accepting the invitation, sellers join the buyer’s Buyer Referral Network (BRN).
This means that whenever the seller pays for advertising on WeBuy, the buyer that onboarded that seller receives a portion of their advertising spend.
Blockchain technologies provide WeBuy with full transparency and reliability.
WEBUY AIMS – WITH YOUR HELP AND SUPPORT – TO BE A PURELY DECENTRALIZED AUTONOMOUS CORPORATION (DAC) WITHIN THREE YEARS.
WeBuy will be completely open source and will operate autonomously with no entity controlling the majority of its tokens. Its data and records of operation will be cryptographically stored on a public decentralized blockchain.
WeBuy will generate tokens, set criteria, and distribute utility tokens from day 1.
WeBuy will adapt its protocol in response to proposed improvements and market feedback based on a majority consensus of all WeBuy users.
The combination of a decentralized ledger and a user-friendly application/marketplace creates a self-sufficient ecosystem.
The WeBuy platform allows for the verification and confirmation of ownership for sharing revenues.
The WeBuy sharing model will be implemented as a Smart Contract. Transactions will be verified using asymmetric cryptography keys. Sellers will be fully confident that the advertising they pay for is seen only by interested buyers.
THE PLATFORM AT A GLANCE
WeBuy is an advanced on-demand advertising platform accessed through a mobile application and based on a complex web of Buyer Referral Networks (BRNs), created and governed by users of the platform (buyers). It combines its core components across the public Stellar network and WeBuy blockchains. The platform will link or interoperate between these chains. WBY tokens will form an integral part of the main Stellar network – enjoying all the benefits it offers, including fast and cheap transactions.
Total Supply: 1,000,000,000
First POTS Sale Amount: 8,000,000
Total Tokens Available for Sale (for all stages of POTS): 300,000,000
Initial Token Price: $0.25
Accepted Currencies: FIAT + Cryptocurrencies
The WBY token will fuel the WeBuy network, which will support rapidly increasing volumes of online-to-offline commerce.
WeBuy aims to be a cross-border system, working in a similar way everywhere. This demands a payment system based on a single token. The use of the WBY token will facilitate fast transaction processing times and cheap costs:
By the sellers, in order to purchase advertising opportunities
By WeBuy, in order to pay the buyers their share of the sellers’ advertising spend
By the buyers, in order to purchase products and services from sellers
Generally, to save transaction costs – made possible by fast and cheap Stellar (XLM) blockchain-based transactions
It will also be possible to pay for products and services offline using cash, credit, and so on. This leaves the door open to 90% of all retail purchases that normally take place offline.
The WBY token aims to be a medium of exchange within a vastly growing network of merchants.
WBY tokens will be listed on as many cryptocurrency exchanges as possible. WBY will be traded on the exchange featured by Stellar – a decentralized exchange that makes it possible to trade any Stellar network token from day 1. This eliminates the risk of having to rely solely on a third party exchange to list the token.
Production-Oriented Token Sale (POTS)
Introducing POTS (what is POTS?)
WeBuy is pioneering a new concept for blockchain based projects which is formulated to meet the challenges normally faced after an ICO. It is called POTS, short for Production-Oriented Token Sale. It relies on realistic, transparent, round-for-round funding that requires detailed feedback and reporting, including clarification in terms of how demand for the WBY token will be created.
1-st POTS period plan (ongoing)
Minimal viable product (MVP)
Funding provided by the project’s founders will be used to complete development of the minimal viable product (MVP). The first round or stage of POTS-related funding will start and run in unison with the full-scale pilot (January 7th, 2019 to Mid-March 2019).WBY tokens will be denominated in XLM (Stellar Lumens) and the amount offered will vary according to the POTS stage. WBY tokens will be available for sale on the Stellar Exchange at the initial price of $0.25. WeBuy may announce additional bonuses in the future.
The aim is to sell 8 million tokens for $2 million during this stage. Both fiat and cryptocurrencies will be accepted as a form of payment.
Registering and passing the KYC
Registering and passing the KYC on the WeBuy website will allow individuals to receive a bonus. Bonuses will be announced via and made available by registering with WeBuy.
The full-scale pilot
The full-scale pilot aims to monitor real life penetration of the WeBuy model, generate feedback and suggestions in terms of improvements and best ad products to use, shed light on limitations or challenges, and a real-time estimate of how much funding is needed for market penetration (based on a single market example).
During the pilot, the WeBuy application (Android version only) will be available for download via Google Play in pre-defined geographical locations – it will feature general info, user guides, and a portal to report bugs or make suggestions. An End User License Agreement (EULA) will be available via both the app and WeBuy website. Email support will be available 24/7.
Limitations of the pilot include: English only version, pseudo-token usage, limited support, basic functionality, and no fraud detection.
After the pilot
After the pilot, we plan to release the first operational WeBuy platform in April 2019, have at least one local community using WeBuy, have a market penetration strategy ready based on real-time testing, and have accurate budget estimates for stage 2 of POTS.
In terms of budget requirements during POTS stage 1, the plan is to get 10,000 stores to join the WeBuy platform. This will cost roughly $500,000. In addition, estimated expenses over the pilot period are expected to add up to $2 million.
Be sure to consult our white paper for a breakdown of expected expenses and for more details.
Next POTS periods plan
Will be updated close to end of 1-st POTS. Be sure to subscribe our newsletter to stay updated.
All the development till now has been fully funded by its founders.
he Slaughter and May Professor of Competition Law at the University of Oxford and the Director of the University of Oxford Centre for Competition Law and Policy. His research and commentary have been featured in The Economist, The New Yorker, Wall Street Journal, Financial Times, The Guardian, Nikkei, New Scientist, Politico, WIRED, BBC, and other international outlets.
In the Media
These days, online ads continue to stunt the growth of the market by delivering non-targeted ads to passive audiences who resent these intrusive marketing strategies. Potential buyers get overlooked, opportunities get wasted, and businesses keep expanding their budgets in a blind mode leaving large ad platforms as the only winners in this situation.
The WeBuy on-demand advertising platform enables buyers to choose how, when, and why they can be reached by sellers and whether or not they should be reached in the ﬁrst place. If the buyer opts to be reached, he gets rewarded for being contacted with no buying commitment. Leveraging geolocation tools, sellers can control and wisely allocate their ad budgets, ensuring they are targeting the right market. This breakthrough solution eliminates the clogs that have been backing up the system by completely removing the source of this congestion: middlemen.
WeBuy offers a mobile application that allows buyers to describe the product or service they want to buy. The description (“SellMe”) is shown to all relevant WeBuy sellers/stores in the buyer’s geographical area, enabling them to see, communicate, and promote their product or service to the buyer in real time.
The average internet user get bombarded with more than 4,000 advertisements every month – whether they ask for it or not. WeBuy offers its members an opportunity to earn a significant amount of passive revenue by viewing relevant ads from the sellers/store owners. Every dollar spent on WeBuy advertising will be distributed between the buyer who sees the advertisement and the buyer who introduced the seller to the WeBuy platform.
It’s actually very simple. Users on WeBuy create their own Buyer Referral Networks (BRNs) by inviting Small and Medium-scale Enterprises (SMEs) of their choice to join the platform. Once the SME accepts the invite, they are added to your BRN. The selection of SMEs is completely open to all.
Buyers enjoy a lot of benefits on the WeBuy platform, but what about the sellers? Well, WeBuy is the first blockchain ecommerce platform to offer each and every seller a “grant” for successfully signing up! Yes, each seller receives a sign-up grant of $500 from WeBuy in the form of advertisement or ad credits. Additionally, sellers enjoy the benefits of highly targeted ads and the increased ability to sell to interested buyers.
Most token events tend to get issued on the Ethereum network in the form of ERC20 tokens. However, recent events have highlighted some weaknesses of the network, such as slow transaction speed, slow processing time, and high gas fees. Stellar was designed from the ground up in order to support efficient trading with high speed transaction processing and cheap gas prices. Any token created on Stellar can be bought and sold immediately on Stellar’s decentralized exchange. Stellar offers 3-5 second confirmation time (versus 3 minutes on Ethereum), .00001 XLM fee, and atomic, multi-operation transactions. Stellar represents the ideal solution for what WeBuy has in mind.
All officially supported XLM wallets can be found here: https://www.stellar.org/lumens/wallets/
WeBuy is pioneering a new concept for blockchain based projects that is formulated to meet the challenges normally faced after an ICO. It is called POTS, short for Production-Oriented Token Sale. It relies on realistic, transparent, round-for-round funding that requires detailed feedback and reporting, including clarification in terms of how demand for the WBY token will be created.
Very easily. First, you will need to get whitelisted. To do so, please pay a visit to our website (WBY.io) and click on the “Join WeBuy” button (on the top right). Follow the instructions provided and then our team will contact you.
Yes. All contributors will have to be checked and verified by our legal services in order to ensure that they are allowed to take a part in our Production-Oriented Token Sale (POTS). Some documents will be required such as proof of identification (e.g. ID, passport, etc.) and proof of residential address (e.g. utility bill, etc.).
No. Citizens of the US and Singapore are prohibited from participating (unless they are accredited investors).