Our Mission At WISEPASS, our goal is to ensure our members always have a good time through the technology that we’re building. From choosing a place to eat, enjoying a cup of coffee at Starbucks or drinks with some friends at a trendy bar, we aim to build the best recommendation platform of the future. Our approach to lifestyle For WISEPASS, lifestyle means to have a good time. From that specific credo, we ask ourselves everyday if selecting each individual partner will match consistently with our definition. When we started with drinks, we realized that having a good time can be many different things. We listened carefully to our members to know what they wish they could get on WISEPASS in order to decide about the direction to take anytime we add a new service. Why creating a cryptocurrency? As of now, we have yet to see a product on the market that is truly able to connect the crypto world with tangible products and services that you can consume everyday. By building our own cryptocurrency we believe that WISEPASS can become the main bridge between cryptocurrencies and the real economy. The aim is to become global, armed with the funds collected during the token sale and through rapid expansion both in terms of services and geography. The company has built a fastpaced roadmap for expansion in order to succeed
Stakeholders
There 5 major stakeholders: users, shareholders, venues, brands and partners. Users are people using the WISEPASS platform and our token. Shareholder’s have an equity stake in WISEPASS. As our investors they help us develop the business by providing capital and guidance while expecting a return on investment. Below we take a closer look at our venues, brands and partners. Venues WISEPASS has developed long-lasting relationships with the leading HORECA dining and entertainment venues in Southeast Asia. As the amount of venues offered on our platform grows, use cases for developing a cryptocurrency economy become clearer.
Brands
Including premium wine, liquor, and coffee brands from around the globe, the product offerings on the WISEPASS app are expanding daily. To name a few, our spirit selection currently includes:
Partners
Over the past two years we have developed long-lasting partnerships with leading companies in the entertainment, fitness, and HORECA segments to make our product offering even more enticing.
WISEPASS’ Solutions WISEPASSfor Partners Usually apps and businesses that try to partner with restaurants, hotels, and bars ask for a commission or a fee. An example of this is TabbedOut, a popular payment app for restaurant and bars whose main revenue stream relies not only on commission but also a monthly recurring fee charged to the establishments using their platform1 . Consequently, the partnership stipulations eat up the partners margins for the promise of a spike in sales. WISEPASS is an app where partners get traffic and sales without charging fees or a commission. WISEPASS buys directly from the partners. Period. That preserves the partners margin and makes the relationship truly sustainable. WISEPASS for Brands Brands selling in the HORECA segment (five-star hotels, restaurants, bars, and clubs) have a really hard time measuring the effectiveness of their marketing spend. They do events and partnerships and the process is usually labor intensive without a clear measure of how effective the campaign was.
In fact, according to HubSpot’s 2017 State of Inbound Report, proving the ROI of marketing activities and generating traffic and leads are the leading marketing challenges for companies today. This has led marketing departments to become increasingly data driven2 . With WISEPASS, brands can set aside a specific amount of money and get a guaranteed, quantifiable ROI quickly across multiple countries and markets. Every marketer dreams of putting brands on a platform and cost effectively reaching a large number of qualified users in multiple countries with a significant amount of sales within a short amount of time. That is the vision of WISEPASS—to build a platform that seamlessly makes life easier for users, brands, and marketers. WISEPASSfor Consumers Whenever people in cities want to grab lunch or go out to have a good time, there’s the eternal question of where to go. The problem becomes even more complex when they are in another country for business and they must dig through Facebook and TripAdvisor for venues that might not even be relevant to them. Of course there are apps in existence such as Yelp and FourSquare which provide user-generated recommendations for restaurants and venues, however these apps can merely perpetuate the existing problem of having too many options to choose from. With WISEPASS, the app will offer personalized recommendations for every user based on their use history, time of day, gender, age, location and purpose.
These data points will be used to ensure the highest relevance to the end user in every city they end up in. As the user base grows and gets updated daily in real-time, WISEPASS will become indispensable as a lifestyle tool for the modern man or woman. Cryptocurrency adaptation We have yet to see a service successfully implemented to the market that allows for cryptocurrency investors to use these earnings to seamlessly purchase tangible products and services in the real world. Using Ethereum’s blockchain technology, WISEPASSwill revolutionize the process of purchasing items with cryptocurrencies through the utility of PASS tokens which can purchase items to be consumed in everyday life. Currently, there are ICO’s such as REQ which promise to apply cryptocurrencies in real world application however this is a payment system that requires merchants to first be willing to accept cryptocurrencies. It is also gambling on the possibility that companies such as Amazon will replace their current PayPal model for this new untested technology3. WISEPASS is different in that we are operating in the here and the now. We are buying the products from our partners using either fiat or cryptocurrencies and this allows our users a guarantee that their purchases will be accepted. WISEPASS members will be able to utilize their PASS tokens at certified Wispass merchants (merchants or companies that are part of the WISEPASS membership platform) to purchase the items they wish. This is just the first step before we begin developing the technology that will allow ‘uncertified’ merchants to accept PASS tokens as a form of payment.
A similar technology in the works is Crypterium, a decentralized cryptobanking system, which promises to be more cost and time effective than the current banking system4. Ripple, or xrp is another cryptobanking service that similarly focuses on a payment system that utilizes cryptocurrencies as an alternative to traditional fiat currencies5. These companies are focused on technology. WISEPASS is different in that we are currently focused on creating the supply - the necessary business development needs. This is our primary focus as we utilize our existing technology for the time being before we begin implementing our developments in large scale systems. Another differentiating factor that we have chosen to focus on that is mentioned above will be our recommendation system using our algorithm to ensure that individual members have a unique and personalized experience based on their previous uses and other related information deemed valuable in this process. This is a departure from the services to be offered by crypto-currency such as Ripple and Crypterium in that our system will not only allow our users to purchase items using our PASS tokens but our system will identify the probable wants and needs of each individual consumer.
Token Launch
To participate in the Token Private Sale, prospective contributors will need to visit ico.wisepass.co/ps where they will be required to be whitelisted for the Token Sale. Once the Know You Customer (KYC) is completed and the contributors are on the whitelist, they will receive a Simple Agreement for Future Tokens (SAFT) that needs to be electronically signed before they can receive the Private Sale ETH address to send their contribution. For the Pre-Sale and the remaining public sales, token buyers will be using the Coss.io platform to participate. PASS tokens will be distributed at the end of the Token Sale on the Coss.io platform where contributors will be able to withdraw them to any ERC-20 compatible wallet or start trading them on the Coss.io platform. WisePass reserves the right to reject any potential PASS token purchaser.
Official Website: ico.wisepass.co
Token Sale Structure
• Instrument: PASS
• Hard Cap: Equivalent of 15,000 ETH
• Soft Cap (Minimum Raise): If less than the equivalent of 1,000 ETH in proceeds have been received by the Token Sale End Date (the “Minimum Raise”), then all funds raised will be returned to participants (less applicable transaction costs). Any refunds due to failure to meet the Minimum Raise will be refunded within a reasonable period of time from the Token Sale End Date;
• Total Token Supply: 1,000,000,000 PASS (One Billion PASS Tokens)
• Token Sale Supply: 214,000,000 PASS (two hundred and fourteen million PASS tokens) are allocated to the Token Sale
Budget Allocation Overview
The proceeds from the Token Sale will be mainly used to improve our current platform, develop its blockchain and cryptocurrency transactional platform, rapidly expand our operations in the region and globally, and for marketing purposes. The following chart illustrates how we will allocates the proceeds.
Use of Funds
• IT Development: we are building a strong AI with our developers in order to improve the relevance of our user recommendation system on the iOS and Android apps. The constant stream of updates will help us to refine the UX and work on gathering more and more data points. Simultaneously, we will be building and implementing the blockchain transactional platform.
• Marketing: the team is working on driving up awareness and eventually driving traffic to partners of 50,000 visits monthly through a combination of global partnerships and online advertising platforms within Q1 2021 across 30 cities.
• Expansion: - Business Development: We will hire more staff locally to reach more than 10,000 venues. Local knowledge is key for this process and we need people with the right connections that have taste and can understand the ethos of WISEPASS. - Account Management: To handle the volume of partners we will onboard on WISEPASS, we are hiring a local team of account managers to grow and nurture each key account and ensure we can provide the best service possible.
• Admin & Ops: we are working to streamline the process of onbarding vendors through tech automation and a team of four people to process +10,000 transactions monthly in Singapore.
• Tactical Fund: To be used for Acquisitions, Financial Investments and as a Development Fund. The goal is to enhance WISEPASS’ revenue streams and ensure it is the leading lifestyle platform in Asia.
• Corporate Sales: Our biggest customers are currently large corporations so we will invest in an international sales team to increase our revenue across the region. We’ve realized that our sales increase faster as we expand into new countries.
• WISEPASS: We are currently hiring a global legal firm in order to work on Intellectual Properties, incorporation into each country as a Wholly Foreign Owned Entity and to perfect the Terms and Conditions with our End Users.
Conclusion
Blockchain technology is set to change the world in dramatic ways, and WISEPASS is fully committed to adapting to and innovating within the blockchain space. We believe that the F&B and Lifestyle services industries are the next sectors to be disrupted by these emerging technologies, and that secure point-of-sale transactions for real goods and services will be essential to this transformation. We envision a future where having a good time is simple, personalized, and decentralized, and believe that blockchain technology is a key opportunity to help fulfill that vision. In the end, a blockchain is just a decentralized database that is more reliable. It requires less trust between human beings to transact because they can rely more on technology. That peace-of-mind is part of what we include in our definition of having a good time. As the Fourth Industrial Revolution begins, it’s clear to us that the global economy will begin moving more and more toward the blockchain. The question is now more about which player will take over each industry and how fast they will take over that industry. We at WISEPASS are more than ready to change how the lifestyle services industry works in Asia and beyond. Along with our partners, investors, advisors, team members, and most importantly our users, Wisepass is poised to jump headfirst into the new era of innovation and disruption, and are excited to have the blockchain community along for the ride.
FOR MORE INFORMATION :
Website : http://ico.wisepass.co/
#WisePass #WisePassICO #ICO #Tokensale
Authors : Tellysa
Username Telegram : @tellysa2206
Bitcointalks's Profile :https://bitcointalk.org/index.php?action=profile;u=1898514
No comments:
Post a Comment