WatchUGot(ICO REVIEW) – Competitive Fundraising with Blockchain
For most people, the word “blockchain” is closely associated with cryptocurrencies and the world of digital finance. Indeed, since the appearance of the Bitcoin in 2010, over the past 8 years, thousands of cryptocurrencies have appeared, dozens of crypto exchanges have been created that allow anyone to enter the crypto market. However, cryptocurrency instead is just a measure in the blockchain industry. If to talk about blockchain technologies more globally, today we can safely admit that its usage has long gone beyond the financial sector. The range of blockchain-based applications is expanding every day. Centralized institutions begin to realize how blockchain can improve areas and industries that, at first glance, have nothing to do with the world of crypto technologies. One of such areas is charity, which is the main subject of discussion in today’s review. Let’s take a look into WATCHUGOT a blockchain-based social challenge platform that facilitates community building through social charity initiatives and rewards participants in the form of exchangeable cryptocurrency capital.
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.
WatchUGot is an Ethereum based social networking app that provides users with the tools and platform to develop community fundraising campaigns. WatchUGot combined the crowdfunding components of GoFundMe with the social aspects of Facebook and Instagram on a blockchain. WatchUGot allows users to create and participate in fundraising initiatives for meaningful causes, while being rewarded with real cash-value in the form of our WUG tokens. The legacy (non-blockchain) version of WatchUGot is already live and available for download on Google and Apple marketplaces.
In developing WatchUGot, the primary motivation was to develop a platform that would provide users with the tools to develop community-driven charity-initiatives to benefit good causes. WatchUGot also endeavors to provide exposure through social awareness campaigns and educate community members through the direct and practical applications of blockchain based technologies.
MORE DETAILS ABOUT WATCHUGOT
The WatchUGot blockchain environment supports three unique Ethereum utility token standards: One standard ERC-20 (WUG), one standard ERC-20 (RIVL) and one 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-20) 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.
THE UNIQUENESS OF WATCHUGOT
Like challenges and want to make a difference? Now you can experience the best of both worlds. The WatchUGot platform and WUG token enables you to raise money for a good cause all while having fun with friends, family and followers.
Make your profile and connect with others to create or participate in fun challenges that bring awareness to important causes while rewarding yourself in the process. Keep track of your goals and see the progress of how much you’ve raised throughout each campaign.
WatchUGot bridges the gap of blockchain innovation and charitable crowdfunding. Join our migration to the Ethereum blockchain and be a part of the FIRST social challenge network for blockchain.
How It Works?
- Sign up
Register on WatchUGot & get automatically matched to campaigns based on your interests.
- Set goals and invite your friends & followers
Search other campaigns or be automatically matched by WatchUGot with charitable events nearby.
Exchange tokens for other cryptocurrencies or fiat (EUR/USD). Donate your tokens, cash or withdrawal and spend how you want.
TOKEN AND ICO DETAILS
The Ethereum (ERC-20) WUG token is the official coin for use with the WatchUGot store and game environment. WUG is the primary, native currency for virtual and physical items exchanged on the WatchUGot application. It is also the exclusive currency for donations made toward charitable causes and the only token redeemable for cash-value.
Name: WatchUGot (WUG)
1 WUG = 0.0014 ETH
Fixed Limit: ±8,107,000 USD (76,250 ETH)
Soft Cap: ±875,988 USD (8,239 ETH)
Exchange: 1 ETH = ±710 WUG
Currency: ETH, USD, EUR
Min Purchase: 0.2 ETH / 140 WUG
Starts: January 18 (11:59 PM)
Ends: April 30 (11:59 PM)
$0.15 – WUG Retail Value
100 million available
40 million Pre-ICO
60 million Tokens ICO
1 billion Tokens Total
25% Reserve Fund
20% Community Grants
10% ICO Participants
15% Charity Reserve
10% WUG Promotions
20% Admin operations
17% Charity Grants
15% Development (R&D)
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 structuring.
RIVL token development. WUG ICO phase begins.
ICO initiation and marketing. Wallet integration and closed beta begins.
Open beta completes. QA/C followed by initial launch release.
PARTNERS AND SUPPORTERS
Ryan Kennedy: Nutrition adviser
William Madison: Adviser
Javier castaneda: Sales Adviser
Elise hastings: Non-Profit Adviser
Brandon gill: Sales Adviser
For more information, please visit the links i have provided below;
Bounty thread: https://bitcointalk.org/index.php?topic=5054456.0
White paper: https://drive.google.com/file/d/1X0k2IAukolsP6B6e7C8R6XEa37EWdwVE/view
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409