The cryptocurrency market is going through one of its most difficult stages so far. Ethereum and Bitcoin prices keep falling, transaction processing times remain low, mining rewards are falling, and suggested solutions for the issues of scaling and energy inefficiency are still far from implementation.
These developments go against the established expectation that the economy is about to undergo a fundamental shift, becoming more decentralized. Blockchain enthusiasts have long hoped to see – and help build – a world where cross-border transactions are instantaneous and free, where individuals can conduct their business without the interference of banks and other authorities, and where deals will not depend on trust between parties. All this should be possible with blockchain – but can these advantages be realized in the light of current problems?
WatchUgot is a new cryptocurrency that intends to bridges the gap of blockchain innovation and charitable crowdfunding. A hard fork of Ethereum, it will leverage most advanced solutions proposed for the world’s second-largest digital currency, at the same time preserving the ideal of decentralization. The project will combine such technologies as Viral Challenge Game. The WatchUgot is the first ever social challenge platform where you compete and raise money for good causes while being rewarded with real cryptocurrency value.
The WatchUGot platform enables you to raise money for a good cause all while having fun with friends, family and followers. Before I proceed on this work, lets take a look at the video below to have an insight on what WatchUgot is all about
AIM
To develop a platform that would provide users with the tools to develop community driven charity-initiatives to benefit good causes. We also endeavor to provide exposure through social awareness campaigns and educate community members through the direct and practical applications of blockchain based technologies.
To introduce a novel procedure and fun product for promoting community driven, charitable initiatives.
ADVANTAGES
Instant reward issuance
Exchangeable in the WatchUGot App
Liquid transfer-ability
No transaction fees
Global Platform
User-friendly and Secure
THE THREE TOKEN OF WATCHUGOT
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 (ERC-20)
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 (ERC-20)
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.
TOKEN DETAILS
Token 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)
TOKEN DISTRIBUTION
5% Advisors
15% Team
25% Reserve Fund
20% Community Grants
10% Sale Participants
15% Charity Reserve
10% WUG Promotions
FUND ALLOCATION
20% Marketing
20% Admin operations
3% Bounties-Audits
17% Charity Grants
15% Development (R&D)
10% Legal
15% Reserve
ROADMAP
Jun 2018
Concept development. Corporate and marketing analysis.
Sep-Oct 2018
Project finalization and corporate restructuring. Pre & Post Sale structuring.
Dec-Jan 2019
Sale initiation and marketing. Wallet integration and closed beta begins.
May 2018
Blockchain analysis and project development.
Jul-Aug 2018
Whitepaper development. Gamification strategy and logistics.
Nov 2018
RIVL token development. WUG Crowdsale development.
Jun 2019
Open beta completes. QA/C followed by initial launch release.
MEET THE GREAT MINDS BEHIND THIS PROJECT
Erman Koc
Founder, CEO
Kevin Moran
Co-founder, President
WIlliam Madison
Full-Stack Dev and Distributed system engineer
Kristen Temnyk
Product Requirements Manager
Jessica Segoviano
Operations Manager
Raju Prasad
Web Developer
Ogulcan Gencler
Gamification Design
Nolan Nguyen
Team Analyst
Sukhchain Singh
Senior Project Manager
Jagger Czajka
Team member
Mehmetcan Gencier
Gamification Design
Vijah Sharma
Senior Android Developer
For more Information, Please visit the following sites:
Website: https://watchugot.net
Whitepaper: https://drive.google.com/file/d/1X0k2IAukolsP6B6e7C8R6XEa37EWdwVE/view
Facebook: https://www.facebook.com/WUGCrew
Twitter: https://twitter.com/WUG_Crew
Instagram: https://www.instagram.com/watchugotcrew/?hl=en
Youtube:
Linkedin: https://www.linkedin.com/company/watchugot
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9