Topic: [ANN] [PreICO] WaBi (蛙币) coin backed 🔥 by safe products in China - page 32. (Read 57070 times)

Any type of ICO is still open to buy Wabi or it has to be from the exchange only now?

When is the main ico starting? Any exchanges planned already? Whats the USP of wabi comparing with ven and wtc?

Very Very promising project. will be investing heavily.

actually suprised i havnt come by it earlier here on bitcoin talk. i belive it has bein rated by Ian Balina at around 80% on his ICO spread sheet

Good luck

Wabi itself seems to be very promising but there is a large market of cryptocurrencies, so what is the benefit for holding this coin?

If we sell our BonusPreWabi back at the ICO price, will you return our Ether back to the same address from where we participated or we will be given the choice of getting our Ether back at a different Wallet?

Team is doing really great and I have a lot of confidence in them. Taking the nesseccary time to make the right decisions all the time. Can't wait till this token launches on the exchanges.

Any plans on launching on specific exchanges? Negotiations already going on?

Just dl the Wabi app. I am unable to access it because i live in Australia. Does anyone know if there is a way around this problem. Just want to check out the app

Good to see the WABI team is listening to the community and are going to lock in pre ico tokens. Should give everyone more confidence

I agree, it is important and yes - WaBi will lock presale investor tokens. So you are totally right that ICO is worthy of consideration
 

If we sell our  BonusPreWabi back at the ICO price, will you return our Ether back to the same address from where we participated or we will be given the choice of getting our Ether back at a different Wallet?

Guys, as someone who has participated in many ICOs since 2016 and know how the market works, I caution you against investing in this ICO because:

1) Lately each and every single ICO that gave presale investors anything over 10-20% discount has dumped below ICO price. There are no exceptions. Even wildly popular ICOs like AirSwap and Request Network are now below ICO price because of this. Less popular ICOs are almost 50-70% below ICO price now. Wabi gave presale investors almost 850% discount (3 cents pre-sale vs 25 cents ICO). I leave it to you to guess what will happen when this token hits the exchanges.

2) This is not a very popular ICO. There is almost no hype around this project, so you will have a really difficult time finding buyers for this token and also 99% chance this won't be listed on any major exchange.

3) Don't be fooled by pre-sale investors claiming they believe in this project and will buy more at the ICO. This is a common con used by people to lure unsuspecting buyers into buying a token at hyper-inflated prices because they need buyers to dump on afterall.

4) The Walimai app this company is building the project around hardly has any reviews or ratings or downloads on the Google Play Store. So it's not a proven business as they claim to be.

Only invest in this ICO if:

1) They agree to lock up all pre-sale investor tokens for 3-6 months without exceptions.

or

2) They agree to reduce the ICO price to 3 cents which should make it a level playing field for everyone.

Lastly, I would like to end by saying that it is upto each and every one of us to demand higher standards from ICOs. If we continue to support ICOs that screw ICO investors by giving presale investors discounts, we will continue to take losses and investing itself will become non-viable. My advice is to wait for the token on the exchanges. You will most certainly be able to purchase it at 5-10 cents as opposed to 25 cents.

Hey guys, I’m doing some math here and it doesn’t add up. Could you clarify something for me?

The whitepaper says:

a) Up to 10.000.000 will be sold at the preICO at 0.03 USD/coin price. Funds will be used to launch the ICO. Up to an additional 1.000.000 coins will be distributed through the bounty program.
b) Up to 40.000.000 will be distributed at the ICO stage in November 2017. 80% sold to ICO contributors, 20% distributed among the team and bounties. Funds will be used to grow sales in baby stores, add more product categories (such as alcohol) and set up the WaBi Project blockchain based, remotely hosted loyalty system.
c) The remaining coins (49.000.000 if all 10.000.000 are sold at the preICO, 1.000.000 are distributed as bounties at the preICO round and 40.000.000 are sold during ICO stage) will be reserved to be delivered to consumers through the mining process. Consumers will receive coins by purchasing Walimai protected products and participating in other activities. These 49.000.000 will be held in an escrow. A merchant (seller of products protected by Walimai technology) will be entitled to release WaBi coins equivalent of 5% worth of quarterly increase in sales of his products, from the escrow into circulation by distributing these coins among the customers in the form of rewards and discounts. These coins can not be sold by merchants at an exchange.

a)   3.700.000 tokens were sold, 6.300.000 remaining
b)   80% out of 40.000.000 is 32.000.000 – crowdsale, 8.000.000 distribution among team members and partners.
c)   Remaining coins – 49.000.000 (+6.300.000 not sold during the pre-sale).

So, if I understand correctly, max of 32 mln coins can be sold during the crowdsale.
 
In their last Telegram post Wabi guys say:

Tokens price:
We sell WaBi tokens at 0.25 USD per token (the higher end of the range we announced previously). This will give us around 11.5m USD raised (after accounting for ~50% preWaBi buyback).

11.500.000/0.25= 46.000.000
At least 46m tokens must be sold during the crowdsale if you don’t account for the buyback.
How do you come up with this number of tokens? If you include 6.3m unsold pre-ico tokens and 8m that are meant for the team and the partners, then it’s 46m indeed. But does this really correspond with what’s laid out in the whitepaper? In my understanding “up to” means “no more than”.
Could the team elaborate on this, please?

Thank you very much for confirmation.

will there also be an option to buy back part of pre-wabi and keep the rest locked up for certain period?

Hi guys, i have been following the project quite a while, is there any other thing i could do right now to participate in ico? just adding my email to ico email announcements is all I can do right?

Hi guys, i have been following the project quite a while, is there any other thing I could do right now to participate in ico? Just adding my email to ico email announcements is all I can do right?

This is correct.


We've currently settled for a 5% bonus for 3 months and a 10% bonus for 6 months. This is simply a "thank you" to people who intended to keep the tokens for a long time anyway (our long-term supporters). It is not meant to affect their behavior.

Think this is a nice solution for people complaining for the price difference. I'm in for the long run and will go for longest possible lock up. Please add 1 year lock up for 20%?

I will sell you at ICO price.

Could you give me some clarification? If I would like to lock the prewabi tokens for 3 or 6 months I HAVE to do the KYC. But if I would like to sell you these at ICO price then I do NOT have to do the KYC, am I right?

If so, it is a right move indeed. Most people will sell at ICO price, so the real winners are going to be these KYC people with long term investment. Smart.