| Rating |
|---|
| 7.7/10 |
WatchUGot is a blockchain-based social challenge platform that facilitates community building through social charity initiatives and rewards participants in the form of exchangeable cryptocurrency capital. This whitepaper presents an overview of our challenge platform and system for integrating our current WatchUGot application with the Ethereum blockchain. The task of integrating and providing compensation to inspire charitable contribution is daunting and requires skilled developers and a monetization system of high utilitarian value to maintain economic viability. WatchUGot and WUG tokens provide such a system, by combining aspects of our legacy version and applying a tokenized incentive model with virtual, physical & non-fungible goods (badges/items) to transparently award community participants and charitable organizations.
Website MVP/Prototype
WatchUGot (WUG) ICO Information
| Name | WatchUGot : Competitive fundraising with blockchain! |
| Token | WUG |
| Token Price | 1 WUG = 0.00075 ETH |
| Token for Sale | 100,000,000 WUG (10%) |
| Token Sale Date | 11/01/2018 - 02/08/2019 |
| Token Sale Closes [ ] from now | |
| Country | Estonia |
| Review | - |
Documents
Whitepaper One Pager Terms & Conditions
WatchUGot is a blockchain-based social challenge platform that facilitates community building through social charity initiatives and rewards participants in the form of exchangeable cryptocurrency capital. This whitepaper presents an overview of our challenge platform and system for integrating our current WatchUGot application with the Ethereum blockchain. The task of integrating and providing compensation to inspire charitable contribution is daunting and requires skilled developers and a monetization system of high utilitarian value to maintain economic viability. WatchUGot and WUG tokens provide such a system, by combining aspects of our legacy version and applying a tokenized incentive model with virtual, physical & non-fungible goods (badges/items) to transparently award community participants and charitable organizations.
User generated, viral-challenge content has been attributed in generating over 100 Million dollars per year for individual causes. In addition to providing necessary awareness, these campaigns are also credited for directly contributing to medical breakthroughs, involving sciences like gene discovery.
Who are we? We’re developers and philanthropists, who believe in decentralized innovation and products that will improve the quality of lives globally. To achieve this, we’re transitioning our LIVE product (currently available on iOS & Android) to Ethereum with the goal of pioneering charity-campaign fundraising for the burgeoning blockchain landscape.
The WatchUGot blockchain environment supports three (3) unique Ethereum utility token standards: One (1) standard ERC-20 (WUG), one standard ERC-223 (RIVL) and one (1) ERC-721 token for use as non-fungible goods. The primary game coin (WUG), incorporates aspects of gamification and the principles of fair-market economics to incentivize community participation. WatchUGot’s Challenge model provides participants with the tools to generate funds for charitable causes while having fun and rewarding users for achieving goals while helping others.
WatchUGot’s new unique gamifying features leverage Ethereum’s ability to mint unique, inflationary tokens as non-fungible (ERC-721) virtual items (similar to cryptokitties). The non-fungible tokens interact directly with WUG (ERC-20) tokens and are designed to compensate individuals for content curation, campaign development, moderation and specific actions (upvoting, meeting fundraising thresholds) by awarding RIVL (ERC-223) and WUG-tokens relative to the amount of content, or participation contributed. These aspects, in conjunction with the WUG monetization model, provide the components necessary to create an innovative fundraising product on a blockchain platform.
| Token Info | |
|---|---|
| Platform | Ethereum |
| Type | ERC-20 |
| Supply | 1,000,000,000 WUG |
| Investment Info | |
|---|---|
| Softcap | 3,900 ETH |
| Hardcap | 36,200 ETH |
| Accepting | ETH |
| Min. Purchase | 0.2 ETH |
| Whitelist / KYC | Yes / Yes |
| Bonus | Week 1-2 = 50% Week 3-4 = 40% Week 5-6 = 30% Week 7-8 = 20% Week 9-10 = 15% |
| Advisors |
|---|
Blockchain analysis and project development.
Concept development. Corporate and marketing analysis.
Whitepaper development. Gamification strategy and logistics.
Project finalization and corporate restructuring. Pre-sale & ICO preparations.
RIVL token development. WUG ICO phase begins.
ICO finalization and allocations. Wallet integration and closed beta begins.
Open beta completes. QA/C followed by initial launch release.
| Rating Distribution | |
|---|---|
| Marketing | 2.4 |
| Team | 0.6 |
| Information | 1.7 |
| Product | 2.0 |
| Vision | 1.0 |
| Disclaimer |
|---|
| PortalSoho.com does not encourage investing in any ICOs published on the platform. Make sure to do your own thorough research before putting money into Initial Coin Offerings. All content on PortalSoho.com is meant to be used for information purposes only, and should not be taken as financial or investment advice. |
| Author : Asrinur | Bitcointalk |
| ETH (ERC-20) Address: 0x86Ad36da59310683CfE8C2c66e798D2e636413fF | |
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