Prewabi

Prewabi

Created using Figma
Created using Figma
RFID based labels that can link blockchain with physical objects. Solving the fakes problem in China. Technology already developed and commercially deployed, looking to scale now.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Binance
    WABI/ETH 36 minutes ago
    $ 0.1123
    $ 7.199 K
    -1.48%
    -55.51%
  • Binance
    WABI/BNB 37 minutes ago
    $ 0.1136
    $ 1.459 K
    0.02%
    -92.97%
  • Binance
    WABI/BTC 37 minutes ago
    $ 0.1121
    $ 47.876 K
    -1.44%
    -41.79%
  • Kyber Network
    WABI/ETH 17 hours ago
    $ 0.1132
    $ 8.35
    -
    -
  • Idex
    WABI/ETH 5 days ago
    $ 0.1111
    -
    -
    -
  • ForkDelta
    WABI/ETH 7 days ago
    $ 0.1234
    -
    -
    -
  • Everbloom
    WABI/ETH 21 days ago
    $ 0.1505
    -
    -
    -
  • Fcoin
    WABI/ETH
    -
    -
    -
    -
  • Fcoin
    WABI/USDT
    -
    -
    -
    -
Nov 27, 2017
Jan 27, 2018
100% completed
$300 000
100% goal completed
past
Jul 28, 2017
Aug 18, 2017
100% completed
Raised funds - no Data
Goal 5 000 000 USD
Cap 11 500 000 USD
past
  • 1 WABI
    =
    0.25 USD
Token Details
Ticker
WABI
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Russia
Additional Details
Platform
Ethereum
Categories
Platform, Health, Retail, Manufacturing

About Prewabi

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

Features

- Easy and secure authentication of physical objects
- Banking level security principles applied on consumer products
- RFID chip as the core of security and authentication

Technical Info

Technical details:  Using Ethereum blockchain, ERC20 token standard The source code:  Source code not available. App can be downloaded here: https://play.google.com/store/apps/details?id=com.walimai.client Walimai app is also available in itunes store Proof of developer:  Public team

Prewabi Roadmap

  • Pre-sale

  • WaBi (蛙币) closes pre-ICO raising US 300,000
  • 2013

  • Walimai was conceived in September 2013
  • Baby store pilot

  • Starting sales at first 3 baby stores as a pilot project
  • 2014

  • Official operations started in February 2014 in the Science Park of Zhejiang University in Hangzhou China.
    Walimai leadership engages in a strategic turn-around project for a global top-5 Infant Formula producer from April 2014 until January 2015.
    - Walimai is selected as the one of the most-innovative companies at Open Innovations Forum in Moscow
    - Walimai anti-counterfeiting technology is presented to Chinese and Russian premiers Li Keqiang and Dmitri Medvedev
  • Read More
  • ICO starts

  • WaBi (蛙币) ICO selling up to 40.000.000 tokens
  • 2015

  • Walimai engages top producers of baby food and alcohol with prototype anticounterfeiting technology.
    Walimai wins innovation grant from Jiaxing city municipal government and is incorporated in Zhejiang province, China.
  • Exchange

  • WaBi (蛙币) starts being traded on exchanges
  • 2016

  • iOS, Android APPs launched, new version of RFID labels developed
    Walimai begins sales in December 2016
  • Consumer purchase with WaBi

  • Activating sales of Walimai protected products through WaBi (蛙币). WaBi (蛙币)
    is used seamlessly by consumers to purchase products.
  • 2017

  • - Walimai signs up its first 3 baby-shops in May 2017
    - Wabi blockcain based loyalty system for safe products developed and implemented
  • Baby store expansion

  • More baby shops sell Walimai protected products. Start of sales of alcohol with
    Walimai labels.
  • Expand partnerships

  • Start of partnerships with producers and distributors of baby food and alcohol.
    Adjusting Walimai technology for pharmaceutical products.
  • Expand WaBi usage

  • Extending use of Wabi to other areas:
    - Loyalty programmes by product manufacturers (“airmiles for consumer products”).
    - Partnerships with insurance companies. Product insurance.

Activity

Activity:
38
VERY LOW
Posts:
707
HIGH
Views:
32 129
VERY HIGH
Followers:
22
VERY LOW
Tweets:
2
VERY LOW
30 Days Growth:
-35503
Members:
7 005
HIGH
30 Days Growth:
-210
Alexa

Rank:
1 297 300
VERY LOW
Delta:
150 224

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Sivhuang Lay
Project manager
unverified
Chi
Tung Pan - Sales lead & project manager
unverified
Ju Fang
Customer service manager
unverified
Product Development
unverified

Last News

$ 0.1120
-0.07%
Coin Stats
Daily, %:
-0.07%
Weekly, %:
-24.62%
Monthly, %:
-64.22%
Market Info
Market Cap:
$ 5.879 M
Volume 24h:
$ 56.469 K
Circ. Supply:
52.479 M WABI
Ticker:
WABI
ICO profit
X 0.8962
ICO Price~$0.1250
N/A
5.0 10
ICO Profile Vision Activity Potential Product Team

Prewabi Reviews

crushcrypto.com
review

Opportunities
WaBi’s closest blockchain competitor, Walton, has a huge market cap of $130 million while WaBi is more advanced in terms of development. Walton has signed MOUs (Memorandum of Understandings) with many companies, but MOUs mean very little in China as the parties of the MOU are not contractually committed to anything.
China suffers from counterfeit products and the Chinese are willing to pay a premium for quality. For example, they pay a premium for baby formula imported from overseas partly because the authenticity is guaranteed.
The project has solid team members and advisors who can actually help the business development of the project.

Concerns:
Even though the Wabi Project is based in Singapore, Walimai’s operations are mainly in China, which is subject to a lot of regulatory risks relating to cryptocurrency.

 Conclusion:
Overall, we like this ICO both for its short- and long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For ​short-term holding
Good. The project’s hard cap, team, business idea, and market awareness are all above average. However, due to the hype surrounding the project, the individual cap for the ICO is probably going to be low.
For long-term holding
Good. As mentioned above, Walimai is a good candidate to benefit from the favorable macro trends. We believe it has a good chance to be successful.

Read More
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