We will provide Article to present the “ The WatchUGot” project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the company with the intention of obtaining token or invest.
The hope of joining the This project is very big for us, before you join it will be better if you understand the project besides it will add to your insight and improve information for you especially understanding the project’s vision and mission so that it adds to your trust in.
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.
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.
WatchUGot is launching it’s blockchain platform and setting it’s sites on an Initial Coin Offering (ICO) in order to raise funding for future business development and app gamification.
Fixing viral challenges
When the world thinks about viral internet challenges, it’s almost impossible not to think of the now famous, “Ice Bucket Challenge”. In 2014, the challenge that took the internet by storm helped to raise over $220 million for ALS research. However, lack of a single use platform to both post the challenge videos, and donate to the cause left many wondering how much more money may have been left on the table.Fast forward to 2018, where two entrepreneurs have taken the concept of raising charitable money through internet challenges, and transformed it into the next generation of social media. WatchUGot is the first blockchain based social networking app designed to be a single medium for individuals to post internet challenges, participate in internet challenges, and most importantly, donate to the charitable causes that may be associated with those challenges. With the noble dream of marrying viral internet challenges with donating money to charity, WatchUGot has grown quickly since it’s inception in early 2018, and is now looking to raise funding through an Initial Coin Offering (ICO).
Entrepreneurs who are innovating decentralized crowdfunding campaigns
Working with blockchain and cryptocurrency experts, the WatchUGot team started to develop the idea of introducing cryptocurrency into their platform in May of 2018 with the idea of making charitable donations through the platform as easy as possible by introducing an in-app currency called WUG Token that anyone could obtain both in the app, and through secondary markets. After extensive market research around the idea of in-app currency, as well as adding a gamification feature to WatchUGot, the team began to develop WUG Token (or WUG for short) on the Ethereum blockchain, and start the necessary preparations for their ICO.Download the live MVP:
(iOS) Apple Store or (Android) Google Play
Utilizing industry partnerships with Trust Wallet and Truffle Framework the team prepared and published their ICO white paper in August of 2018. As part of the ICO, 1 billion WUG tokens will exist in total, with WatchUGot be making available 100,000,000 WUG tokens during the ICO. During this period, 40,000,000 coins will be offered at a discounted price during the Pre-ICO period, starting November 1st 2018, and the remaining 60,000,000 coins being offered during the official ICO period from November 30th 2018 — February 8th 2019. This ICO will be available to anyone located in participating countries (ICO will exclude the US, South Korea, and China) as the team seeks to raise $8 million in funding via the ICO. If the $8 million goals is raised, additional tokens will be available for purchase on secondary markets at a retail value of $0.15/WUG.VISIT WATCHUGOT
THE THREE TOKENS
- Non Fungible Token (ERC-721) — Tokens associated with mint-able, unique items (badges/virtual goods) awarded to
users for completing challenges, achieving ranks and for promotions. Tokens are individually unique, range in rarity (i.e.
common, uncommon, rare, very rare) and can be received in exchange for FIAT (USD/EURO) currencies, WUG, or RIVL Tokens. - WUg Token (ERC20 )— The primary currency for WatchUGot, awarded for completion of goals, sponsored
challenges, achievements and promotional participation. Exchangeable for other crypto/FIAT currencies as well as
participates in secondary markets. WUG-Tokens can also be exchanged for unique, non-fungible goods (rare items,
badges) also redeemable for physical items (shirts, apparel, gift cards & more) in eligible markets (crypto-exchanges). - RIVL Token ( ERC20) — An inflationary, to the WUG token. RIVL Challenge tokens are awarded in conjunction with WUG tokens for completion of events, tasks & administrative actions (New-User Registration, friend-referral, upvotes
etc.) Used as an air-droppable token that maintains no cash-value and can be purchased/gifted via in-app merchant payment and exchanged for select lower-tier (common/uncommon) non-fungible items.
HOW TO USE
- (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 ) Exchange tokens for other cryptocurrencies or fiat (EUR/USD). Donate your tokens, cash or withdrawal and spend how you want.
TOKEN DETAIL
- Name:WatchUGot (WUG)
- 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)
PreICO
Qty: 40,000,000 WUG
Start: 11/01/2018
Completion: 12/01/2018
Ico
Qty: 60,000,000 WUG
Start: 01/01/2019
Completion: 08.02.2019
Token distribution
5% Advisors
15% Team
25% Reserve Fund
20% Community Grants
10% ICO Participants
15% Charity Reserve
10% WUG Promotions
Funds allocation
20% Marketing
20% Admin operations
3% Bounties-Audits
17% Charity Grants
15% Development (R&D)
10% Legal
15% Reserve
Funds allocation
20% Marketing
20% Admin operations
3% Bounties-Audits
17% Charity Grants
15% Development (R&D)
10% Legal
15% Reserve
Roadmap
May 2018
Blockchain analysis and project development.
Jun 2018
Concept development. Corporate and marketing analysis.
Jul-Aug 2018
Whitepaper development. Gamification strategy and logistics.
Sep-Oct 2018
Project finalization and corporate restructuring. Pre-sale & ICO structuring.
Nov 2018
RIVL token development. WUG ICO phase begins.
Dec-Jan 2019
ICO initiation and marketing. Wallet integration and closed beta begins.
Jun 2019
For more information please follow the links below:
Website: https://watchugot.co/
Bounty thread: https://bitcointalk.org/index.php?topic=5054456.0
Twitter: https://twitter.com/WUG_Crew
Facebook: https://www.facebook.com/watchugotapp
Telegram: https://t.me/watchugot
Steemit: https://steemit.com/blockchain/@decayboy/watchugot-blockchain-based-social-networking-app-set-to-ico
AUTHOR : Letty sits
Profile Link : https://bitcointalk.org/index.php?action=profile;u=1856247
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