WaBi (蛙币) is a digital token backed by safe products. We place secure anti-counterfeit labels on consumer products in China and internationally. WaBi (蛙币) can then be used to purchase them.
STO/ICO Status
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | BTC, ETH |
| Circulating Supply | N/A |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
WaBi is the World's first crypto coin that engages consumers to combat counterfeits. WaBi is backed by a real demand for safe products. The WaBi loyalty program will be built on top of the Walimai safe channel for consumer products, which is supported by Walimai’s secure anti-counterfeit technology. Buyers of baby food, alcohol, and other products can mine WaBi by scanning products protected with Walimai's RFID-based anti-counterfeit labels with a special APP (available for free download from iOS and Android APP stores). This process verifies product authenticity of individual products prior to purchase, and also ensures collective security of all users: each scan renews the data held in RFID labels as well as the backend system data, thus supporting the system-wide security level. WaBi ICO is first of its kind to adopt a custom-made interactive bidding system to attract those who intend to support WaBi for the long term. This way everyone gets a chance to claim coins at their desired price, which discourages speculators and guarantees that initial token holders understand WaBi's long-term focus.
- Single-click automatic payment for Walimai protected products (at current exchange rate if the user has insufficient WaBi)
- Paying with WaBi grants additional benefits: discounts, improved delivery terms, bonus WaBi points with every purchase
- Allows users to buy loyalty points in bulk with discounts
