LightPaper. · lacking a Minimum Viable Product (MVP). They have a big vision but without the full...
Transcript of LightPaper. · lacking a Minimum Viable Product (MVP). They have a big vision but without the full...
Vision & Missionwee, the established digital cashback and loyalty solution, is merging its successful existing cashback business with blockchain technology, to expand its offering and provide exciting new kinds of financial services. By merging the power of fiat, cryptocurrencies and digital cashback, wee will bridge the gap between crypto and fiat, connecting old and new financial structures through the wee Marketplace and the weePayCoin.
Connecting the fiat, crypto & cashback economies
By combining the current wee platform and its half a million users with proven blockchain technology, wee will provide online and offline shoppers with a highly attractive solution to keep their cashback in real value. The wee Marketplace is the unique component that bridges the gap between the tokenized economy and the wider market. The wee Marketplace will also serve as an exchange between different kinds of rewards, discounts, and loyalty programs. Transactions inside and outside the ecosystem will be done using the weePayCoin, a stable payment method fully pegged and backed to the euro.
A business model based on fees and data monetization to cover operational costs, wee will receive a fee for each transaction. Exchange fees are earned when exchanging weePayCoins for fiat, generating profit. Partners and retailers will be charged a small fee for onboarding as well as an annual management fee. Data will be monetized with retailers through insight driven digital marketing services. Promotional marketing services will also be offered. In the future, additional financial products will be introduced, including savings, investments and lending products.
WEE STARTS ITS OWN CRYPTOCURRENCY
wee is on the way to create the first stable cryptocurrency for everyday use
Solution
weeICOToken «WIT» weePayCoin «WPC» Euro
Buy or sell 1:1 WPC to euro
LightPaper.
WEE STARTS ITS OWN CRYPTOCURRENCY
www.weecoin.io | 1weeNexx AG ı LightPaper ı Version 1.0 | October 2018
From cashback to a new era of financial possibilities – enhanced by blockchain technology
Planned strategic partners weeNexx ICO
Planned listings on major exchanges
Non-exchangeable loyalty pointsLoyalty programs in which points can’t be used or exchanged for money, are isolated and expensive.• wee is replacing points with a new and stable cryptocurrency – the weePayCoin.• weePayCoins can be spent, traded, saved or even withdrawn as euro through the wee Marketplace.• Users will no longer be confined to using their points in the same single shop; the possibilities for spending loyalty points become endless.
Unestablished user base and lack of MVPCurrent projects in the area of crypto based financial services are mostly over-promising and under-delivering, lacking a Minimum Viable Product (MVP). They have a big vision but without the full infrastructure to implement.• In contrast, wee begins its revolutionary journey by transferring its existing and successful cashback business, including a massive customer base of over 500,000* users, 30,000* traditional and 1,300* online retailers in 14 countries onto the blockchain.• The weePayCoin will be the backbone of operations, enhancing the existing business, acting as a stable coin fully backed and pegged to the euro whilst also combining blockchain based cashback incentivization.• The goal will be a liquid coin that serves as a means of exchange and a stable store of value, which can replace fiat currencies for many users worldwide. *estimated figures 2018/2019
Slow acceptance of crypto for paymentsRetailers are reluctant to use cryptocurrencies due to its volatility, making it unattractive for both the consumer and retailers to use.• The revolutionary weePayCoin is pegged 1-to-1 to the euro thereby reducing the volatility.• wee aims to solve the major problems associated with fiat using the benefits of crypto with a fully transparent peer to peer (P2P) centric system. This will use a combination of financial innovation and its existing cashback business, bridging the gap between the crypto and the fiat economy.• Users will feel confident to use and store the weePayCoin without having to worry about future devaluations. Crypto never looked so good.
SMEs underserved in the market The electronic payment market has a large group of Small to Medium Enterprises (SMEs) that are currently underserved.• wee wants to position itself so that this target group is better served and won over with this unique proposition.• wee will benefit from the large spillover effects, where local and online partners will attract new users, and subsequently the new users will attract new partners – creating a virtuous viral loop.• In a world of digital nomads, retaining customers is as important than attracting new ones. wee provides solutions that rewards both customers and partners – on the global marketplace as well as through financial services.
Selection of existing partners wee Marketplace
The revolution of the 21st century: 6 billion potential customers, more than 500 million shops, cashback up to 85%
PROBLEMS WE SOLVE
www.weecoin.io | 2weeNexx AG ı LightPaper ı Version 1.0 | October 2018
We place our trust in reliable partners
The new star in the crypto sky
As the new backbone of the wee Marketplace, the WPC is a currency token based on the Ethereum blockchain and fully pegged to the euro
The fuel of wee's rocket launch
Promoting the transition of the existing wee Marketplace onto the blockchain, the WIT is a utility token issued during wee’s Initial Coin Offering (ICO)
weePayCoin «WPC»weeICOToken «WIT»
«WIT»• Holding (staking) of a certain amount of WIT will be mandatory to access the wee Marketplace as soon as the ICO is completed for both users and merchants. This will lead to an increased demand for WIT alongside the growth of the wee Marketplace.• To increase loyalty, holders will receive higher cashback rates and additional VIP offers to incentivize them to hold WIT in their wallet.• Long-term holders will on top receive substantial access benefits to the wee Marketplace, rewarding users who believe in the future of wee.• Merchants will be incentivized to stake WIT in their wallet to allow them to decrease transaction fees as well as providing them with access to special marketing and promotional services.• Users can buy and sell WIT in secondary markets after the ICO, as WIT will aim to be listed on all major cryptocurrency exchanges.
«WPC»• Will replace the current «wee» used and known so far in the wee system.• 100% of WPC pegged 1-to-1 to the euro, promoting WPC being a real stable coin providing same stability as euro.• Can be exchanged at any time into euro.• Ready to be used as a payment method in thousands of wee Marketplace partner stores offline and online.• weePayCoin can be used for payment wherever someone owns an ERC20-token-capable wallet, even for non-participants of the wee world.• Can be traded for other Ethereum tokens or exchanged for WIT, providing fantastic flexibility.• Regular audits will be published by an established and independent auditing company to ensure WPC is directly backed and 100% collateralized by the euro at any given time. • Will be the basis for wee's crypto credit card and future groundbreaking financial services.
THE PERFECT SOLUTION
www.weecoin.io | 3weeNexx AG ı LightPaper ı Version 1.0 | October 2018
Token distribution might be adjusted closer to the opening date of the public sale.
Use of funds
Total WIT 20,000,000,000
Token distributionReserves 37%Public sale 25%Private presale "Family & Friends" 7%Public presale 7%Private sale I 5%Private sale II 5%Advisory 5%Team 3%Bounty 3%Airdrop/Incentive forexisting community 3%
Legal & Advisory 5%
Marketing &business development 50%
Operations30%
Platform development15%
PRESALE "FAMILY & FRIENDS" STARTING SOON
Tokenomics
Token name weeICOToken
Ticker symbol WIT
Platform Ethereum
Total supply 20,000,000,000 WIT
Hard cap approx. € 100,000,000
Soft cap approx. € 10,000,000
Exchange rate €0.01 = 1 WIT
Restrictions More information prior to token sale
Unsold remain in wee’s treasury
Timeline
Private sale I&II sold out
Private presale Start 2018 mid Q4“Family & Friends” (estimated)
Public presale Start 2018 late Q4 (estimated)
Public sale Start 2019 Q1
Category Amount (WIT)
Public sale 5,000,000,000
Presale "Family & Friends" 1,500,000,000
Public presale 1,500,000,000
Private sale I 1,000,000,000
Private sale II 1,000,000,000
Reserves 7,500,000,000
Advisory 1,000,000,000
Team 500,000,000
Bounty 500,000,000
Airdrop / Incentive for existing community 500,000,000
www.weecoin.io | 4weeNexx AG ı LightPaper ı Version 1.0 | October 2018
TeamWe are thrilled to be able to share with you our exciting plans to expand and build upon our innovative brand through the use of blockchain technology.
Join us on our exciting journey to change the future – buy WIT now!
Roadmap | TimelineQ1 2018 Project evaluation and preparationQ2 2018 Private presale opens. Finishing strategic and legal documents and technical setup for ICOQ4 2018 Private presale «Family & Friends» Public presaleStarting late Q4 2018 Public sale2019The current business model is planned to be fully migrated onto the blockchain. weePayCoin will be implemented. WIT will be listed at most of the major exchanges. Significant expansion is planned in Western Europe and in other regions. Towards the end of 2019, the wee platform will become open to third party loyalty programs, where other types of rewards schemes such as frequent flyer miles can be traded. wee will apply for requested licenses to ena-ble offering of various financial services.2020wee will expand to Asia, the Americas and Africa. At this point, as a well-established payments solution, wee will aim to receive its own bank license. This will enable wee to reach as many of the world’s unbanked people as possible, offering them the opportunity to participate in the financial ecosystem and opening doors for them that were previously impossible to reach. At the same time, wee will focus intensively on implementation and the usage of Smart Data as a key driver for further business development.
Dr. Leo Thomas SchruttChairman of the Board
Daniel LindnerChief Information Officer
Jan Boluminski Operational Business Development Expert
Tobias EngelsbergerChief Sales Officer
Anders Mathis Financial and Business Planning Advisor
Ewald Schmutz CEO weeMarketplace AG/CFO
www.weecoin.io | 5weeNexx AG ı LightPaper ı Version 1.0 | October 2018
weeNexx AG | Burgstrasse 8 | CH-8280 KreuzlingenThis Lightpaper is for information purposes only and no part of it is intended to create legal relations between a recipient of this paper or to be legally binding or enforceable by such recipient against the company that owns the project.
Be part of a bright new financial future