WBY TOKEN

Symbol:
WBY

Total Supply:
1,000,000,000

First POTS Sale Amount:
8,000,000

Initial Token Price:
$0.25

Total Tokens Available for Sale:
300,000,000
(for all stages of POTS)

Accepted Currencies:
FIAT + Cryptocurrencies

Symbol:
WBY

Total Supply:
1,000,000,000

First POTS Sale Amount:
8,000,000

Initial Token Price:
$0.25

Total Tokens Available for Sale:
300,000,000
(for all stages of POTS)

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)

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

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.
Budget requirements

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.

ROADMAP

All the development till now has been fully funded by its founders.

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