Dear BitForex users,
We are delighted to announce the listing of Launches weeMAT (WMA) on BitForex. The details are listed below - Happy trading!
- WMA deposit will open on 2020/02/21 at 17:00 (GMT+8)
- WMA/BTC trading will open on 2020/02/21 at 17:00 (GMT+8)
- WMA withdrawal will open on 2020/02/21 at 17:00 (GMT+8)
- Project Name: weeMAT
- Coin Symbol: WMA
- Total Supply: 20,000,000,000 WMA
- Circulating Supply: 0 WMA
- Official Service site: https://weemat.io/
- Blockchain Explorer: https://etherscan.io
- Contract Address: 0x685ed390b16ac9df9ab9707294a42a107cfb62af
- Whitepaper: https://weemat.io/assets/docs/weeWhitepaper_V26.pdf
The weeNexx AG, based in Kreuzlingen, Switzerland, is offering the weeMarketplaceAccessToken (WMA), which is a utility token . The WMA will be offered in a private sale followed by an Initial Token Offering (ITO) . The proceeds from the issuance of the WMA shall be used to transform the current digital business of the weeGroup onto blockchain and to aggressively market and develop the wee Marketplace and wee cash back system .
The main utility of the WMA will be to provide users (both merchants and customers) access to the wee Marketplace . Customers and companies will have to hold a specific minimum number of WMA in their ERC20 e-wallets in order to be eligible for the participation in the wee Marketplace. Furthermore, customers and merchants who will hold more than the minimum WMA will be eligible for added benefits, such as higher cash back rates or added marketing exposure .
In a second phase, a stable payment coin, the weePayCoin (WPC), shall be introduced and attached to the wee cash back system. The WPC will be 1:1 backed by the Euro as a stable currency . It shall be used for the purchase of goods and services by consumers and be the means of receiving cash back gains into an ERC20 e-wallet . This step represents the migration of the existing cash back business model onto the blockchain: today, our customers collect wee points as clearing unit, which are 1:1 pegged to the respective local currency; tomorrow, customers will collect WPC instead.
The existing cash back customer base will be migrated into the blockchain-based wee solution. All existing cash back rewards will be locked and the respective cash back amounts will be converted into the value preserving WPC on the basis of 1 EUR for 1 WPC. This transition will boost the velocity of the existing network of users. The WPC is easily and quickly transferable and value-stable because it is pegged to the Euro and, therefore, easily accepted by many retailers, services and merchants worldwide . Instead of users needing costly POS terminals, the WPC will be accepted at all physical or digital stores that accept ERC20 tokens . At the wee Marketplace, users can convert their crypto and cash back savings into fiat. In the future, an exchange of rewards offered by third-party cash back systems or of loyalty points (e .g . Miles and More) for WPC will also be possible in order to make use of it on the wee Marketplace or make the value accessible through a conversion into the Euro. Once the WPC will have been established as a global go-to payment solution amongst retailers and cash back providers, wee will further explore and develop the possibility to offer WPC-based financial services to everyone.
Therefore, it is a realistic goal of the weeGroup to create and establish the world’s first truly stable cryptocurrency for everyday use in the form of the WPC – and thus to launch a new era of payment systems around the world . As part of its Initial Token Offering (ITO), the weeGroup will expand its core brand as an innovative loyalty program via the creation of an organic network of paper money, cryptocurrency and cash back . Of course, cash backs in form of WPCs shall be convertible into Euro anytime ."
Risk Warning: Cryptocurrency trading involves significant risk and may cost your invested capital lost. Please make sure that you fully understand the risk involved and take it into consideration your level of experience, investment objectives and seek independent financial advice if necessary.