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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

WBY tokens are used as an integral part of the WeBuy platform. WeBuy aims to be a cross-border system, working in a similar way everywhere, as such, this demands a payment system based on a single token.

The tokens are used as a transmission mechanism in the following ways: making Community Engagement Compensation (CEC) payments, they allow businesses to purchase WeBuy advertisement products, and allow users to pay businesses on the WeBuy platform for their products and services.

They allow businesses to purchase WeBuy advertising products

They allow users to pay businesses on the WeBuy platform for their products and services

They allow WeBuy to make Community Engagement Compensation (CEC) payments

It is possible to purchase WBY tokens via WeBuy directly using the my.wby.io portal or via exchanges such as LATOKEN and Stellarport.io. Purchasing tokens via the WeBuy portal will allow for additional bonuses.

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 in Q4 2019. WBY tokens will be denominated in XLM (Stellar Lumens) and the amount offered will vary according to the POTS stage. 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 and made available by registering with WeBuy at my.wby.io.

The full-scale pilot

The full-scale pilot will take place in Q4, 2019 in the UK. It 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 – 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 the WeBuy website. Email support will be available.

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 Q1, 2020, 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 the POTS.

Budget requirements

In terms of budget requirements during POTS stage 1, the plan is to onboard 10,000 stores to 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 whitepaper for a breakdown of expected expenses and for more details

ROADMAP

All the development until now has been fully funded by WeBuy’s founders

DOCUMENTS

Light Paper

White Paper

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