Topic: [ANN] [PRE-SALE] WULET — 💸 Swap Your Loyalty Points! - page 2. (Read 164360 times)

HELLO

HELLOO

We, at Wulet, are strong believers that our project is a game changer in the world of loyalty programs, consumer data analysis, advertising and the concept of money. To get things done on time, the best approach for us is to work with professionals who offer us a great expertise, such as MyWish team. Mywish is helping us develop the product architecture and technical documentation, while constantly working on Wulet platform backend development. The whole backend development is taking place in the Wulet repository.

Together with MyWish, the Wulet team has come up with the best solutions for the main phases of technical development and is now working on the loyalty programs integration processes (together with Wulet’s partners). Together, we also designed the core of the Wulet platform, the thought behind the product management and customer logic within the platform and, finally, the app development both for the customers and partner organisations.
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We believe that this partnership will lead to great things, and prove a giant leap forwards for loyalty programs in the nearest future!

Stay in touch with Wulet team on
our Telegram channel: @wulet_io

You always can find detailed information on our website: wulet.io

      
Hey, I’m Leonid, the CFO of Wulet. Today, I want to talk about the financial part of the Wulet product.  
I want to be clear about our token model, trading and exchanging. Let me tell you more about our Internal Exchange, which forms a crucial part of the Wulet ecosystem.
I will quickly take you through main peculiarities of the Internal Exchange: tokens, trading, commission, and the exchange process.

The WULET Exchange is made specifically for buying and selling loyalty program points that can be transferred to the platform. External loyalty points can also be connected through the gateway.

The Exchange provides a set of mechanisms that are standard for exchange software, but also specific for loyalty tokens: the purchase and sale of loyalty tokens on the market and the limit orders issue.

The Exchange is basically a contract that works as an indirect exchange of loyalty tokens between their holders. It allows the token holder to put their assets on the stock exchange and withdraw loyalty tokens. Partners (owners of tokens) are allowed to release loyalty tokens on a stock exchange and establish restrictions on exchange pairs. In this case, the exchange of one type of token to another is realized through an intermediate exchange for the WU token.

The WU token is fully compatible with EOS and makes the Internal Exchange operation possible. Due to this compatibility, the WU token can be traded on external exchanges. The maximum emission of a token is equal to the emission launched on the Ethereum platform and distributed within the ICO.

In order to convert tokens to a currency other than Ethereum, you’ll need to release the tokens via an oracle. This is possible within the WU token function and the Wulet ecosystem.
The exchanged amount must be equivalent to the tokens blocked in the Ethereum network.

The platform takes a commission of exactly 1% of the transaction amount (in the WU tokens). The commission is charged for both parties at either end of the transaction.
The offered tokens and the commission stay ‘frozen’ at the time of their offer placement. That means the user will not be able to use them until the offer is withdrawn as a result of the transaction, the offer is withdrawn by the user, or the offer expires.

These are the main points of Wulet Exchange’s economic model. You can find more info on the WU token and its distribution in the coming blog posts!

Stay in touch with Wulet team on
our Telegram channel: @wulet_io

You always can find detailed information on our website: wulet.io

In previous posts we mentioned that the Wulet team was pondering existing blockchain platforms that could be the most efficient and beneficial for our crypto project.
Here are 7 reasons why we decided to stick with EOS blockchain:

      Speed. EOS blockchain can already proceed up to 5000 transactions per second. In the near future, this value will increase 10 fold. Moreover, the network infrastructure will allow users to scale it up to a million transactions per second. In addition, EOS supports asynchronous communications and the separation of authentication from execution. For the EOS approach, it is standard to make interactions among smart contracts, moduled through messages in transactions. It also eases the process significantly.

      Cost. EOS is cheap. Compared to QTUM, where the transaction of QRC20-tokens will cost around $7 for just one token transfer, the transaction fee on EOS could be as low as $1.

      Long-standing on the market, EOS was founded in 2017 and launched its open-source software on June 1st, 2018. When we were deciding on a blockchain platform for building Wulet, we looked into Radix: promising up to 1 000 000 transactions per second and functioning on PoS and EMV algorithms, it looked like the blockchain of our dreams. However, Radix platform had not yet been launched, so we had to stick with EOS.

      Decentralization. Unlike NEM, EOS blockchain is fully decentralized. NEM was rejected by our team because of its centralized nature: NEM smart contracts are deployed outside of the blockchain which reduces decentralization and leads to a decrease in security level.

      Flexibility. If an error is found in the EOS application, the block manufacturers can freeze it for a while until the error is fixed. The code can then be updated without any other network applications’ forks or stops getting in the way. In addition, EOS allows the node not to have the entire block - only the data that is needed.

      Usability. EOS includes a set of web tools for developing interfaces and database schemes, as well as a declarative permissions scheme that allows users to easily delegate permissions to other accounts.

      Management. EOS is an open-source platform that is built for its users’ freedom and trust. Token holders can choose block manufacturers, which increases the degree of mutual trust. Disputes are resolved by a majority vote.

So, we sat down, compared a couple of platforms and came to a conclusion that these 7 reasons are just enough for choosing EOS. More of that can be found in our Whitepaper. Take a look, we really put a lot of effort into it


Stay in touch with Wulet team on
our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

Hello there! My name is Alex and I am the CTO of Wulet. I know that using blockchain is a trendy thing nowadays because not only is it a technology of the future, but it also raises project prices in the eyes of investors.
What I’m trying to say here is that projects often lack the argumentation of why they need blockchain for their integration, except for launching an ICO and collecting funds. Here at Wulet, we are sharp and transparent with our statements and are always willing to talk openly about our goals, values and development process. Let me explain to you why we, at Wulet, decided to stick to blockchain as the basis of decentralized solutions.
Loyalty programs are usually referred to cash back, bonuses, points etc. However, as the payments and withdrawals stay low, a large amount (40%) of bonuses remain unused while users are not even aware about the existence of bonus calculation – not to mention the fact that most of the services are centralized and are subject to shut down at any time. User data is usually stored in a database, while bonus balances, the timing of their burning and accrual history are not available, and users only have limited access to them. All of this leads to a bad UX/UI for the end user who cannot monitor their balance and use their loyalty points efficiently.
Working with the gaps in the market niche makes Wulet an innovator in the industry. Not only do we aim to create a decentralized ecosystem of loyalty points, but we have also set our minds on making all loyalty points tradable, as WU-token acts as a universal measure for all loyalty points. WU-token is compatible with the standard EOS token and can be traded on external exchanges. We are about to bring loyalty programs to the next level with cryptocurrencies, decentralization, better service and convenient UX/UI. Loyalty programs will be more accessible, tradable, and user-friendly. This will be implemented with the help of our dedicated team and an EOS-based backend. Join our token sale to improve the loyalty program industry with the help of blockchain!

Stay in touch with Wulet team on
our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

At the beginning stage of any project, the most important question is where to find — and how to create — a high-profile team that will work for the company and contribute to its development. So, Wulet was faced with the fact that how to assemble a dream-team.

We were looking for a cohesive, creative, competent, dynamic, and well-motivated employees.

And finally we have found a way to build an “ideal team.” We have in-house rule: All the participants of Wulet have equal rights in discussions, and must respect each other’s emotions.

Each member of our team clearly positions himself and solve a clearly-defined range of tasks. Moreover, the whole team is always in the same information field.

Wulet team has a constantly-synchronized understanding of current tasks, meanings, and short-term/long-term goals. Everyone have the same unequivocal understanding: who they are and where they are going.

Together we almost always make a stronger and more weighted decision than one of us thereby reinforcing a preexisting good solution. Collective intelligence is always stronger, and combined experience is always broader.

Who we are? We are a team of highly qualified and ambitious professionals who are totally in the Wulet project.


Stay in touch with Wulet team on
our Telegram channel: @wulet_io


You always can find detailed information on our website: wulet.io

I agree. I am convinced that their privet and crowd sale will be on the top. They will raise enough funds to expand all over the world and improve the technical part of the project. It will be awesome because these guys are super.

Nice thought. I guess wulet’s competitors need to be more attentive to this project because it can replace other similar platforms. Community really supports wulet and there are no serious obstacles in their way to success.

Ok. I began to doubt the accuracy of my statement. Maybe you are right and everything isn’t do obvious. But I can make a conclusion that this project is great for everyone. All users of the platform can change their life in a better way.

You are absolutely right.  Users are able to discover new products, exchange earned loyalty points and even convert points in fiat. I think that it is the best part. It is a wonderful way to save serious amounts of money.

This plan has a promising future, because it will solve the problem of intermediaries in the financial market. This is very timely, especially in a blockchain space where there are no hard and fast rules. Follow the news.

You can be sure that I am enough informed about wulet. That’s why additional profits are the main reason why I think companies has more advantages. They are able to have advertisement, cheap way to create a loyalty program and to manage it without problems.

If you have read the white paper and other documents, you wouldn’t be so sure. It is really hard to decide who is more appreciated by developers. Users are able change their loyalty point management but companies can increase their profits.

Thank you so much. Yes, these guys know how to present information about their project. Users have some advantages but I still think that businessmen get more interesting stuff and benefits than consumers.

It’s short and it won’t take time. Here is the link. https://medium.com/@wulet.io/untitled-9063d1cf8b7a
Simple users also have interesting advantages that they won’t be able to find on any other existing platform.

I haven’t known that they’ve posted a new article. Better check it out. Well, maybe you are right about Wulet. I know that businessmen can have a lot of additional instruments to improve this production thanks to Wulet.

Recently I have read the last article from Wulet’d medium account and I can agree with this them. Really, Wulet is a blue ocean of possibilities and there is no doubt in this approval. It is something really special.

The degree of benefits depends of the whole bunch of factors and the more important is fund-raising campaing. So we should wait how much this project will raise...