WaBi (蛙币) is a digital token backed by safe products. We place secure anti-counterfeit labels on consumer products in China and internationally. WaBi (蛙币) can then be used to purchase them.
WaBi is the World's first crypto coin that engages consumers to combat counterfeits. WaBi is backed by a real demand for safe products. The WaBi loyalty program will be built on top of the Walimai safe channel for consumer products, which is supported by Walimai’s secure anti-counterfeit technology. Buyers of baby food, alcohol, and other products can mine WaBi by scanning products protected with Walimai's RFID-based anti-counterfeit labels with a special APP (available for free download from iOS and Android APP stores). This process verifies product authenticity of individual products prior to purchase, and also ensures collective security of all users: each scan renews the data held in RFID labels as well as the backend system data, thus supporting the system-wide security level. WaBi ICO is first of its kind to adopt a custom-made interactive bidding system to attract those who intend to support WaBi for the long term. This way everyone gets a chance to claim coins at their desired price, which discourages speculators and guarantees that initial token holders understand WaBi's long-term focus.
Single-click automatic payment for Walimai protected products (at current exchange rate if the user has insufficient WaBi)
Paying with WaBi grants additional benefits: discounts, improved delivery terms, bonus WaBi points with every purchase
Allows users to buy loyalty points in bulk with discounts
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IP Blockchain inventor | Serial ICT inventor | Angel Investor | Quant | Educator | Meditator Rated on Dec 19, 2018 Modified on Dec 19, 2018
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1. I got to know WaBi (now known as Tael) from a ChannelNewsAsia documentary on the various real world use cases of the Blockchain technology titled "On The Menu - Blockchain (Part 2)" https://www.channelnewsasia.com/news/video-on-demand/why-it-matters/on-the-menu-blockchain-part-2-11016882
For those interested to catch the Part 1 first can go to https://www.channelnewsasia.com/news/video-on-demand/why-it-matters/on-the-menu-blockchain-part-1-10998478
2. I am quite glad to know about Tael as this is a solution that I need for one of my group of clients - in the retail industry.
4. This is from the latest pinned message
"The rebranding of the token does not require any action on the part of WaBi / Tael holders. No swap is necessary.
We're pleased to announce that Walimai is now Techrock.
WaBi token will be named Tael, but keep the $WABI ticker.
The rebranding adds very promising new partners, widening our use case."
5. Unlike some ICO projects that shutdown their original Telegram groups and start a new one whenever there is a major change or when they need to destroy ICO related evidence (mostly due to prior dishonesty), Tael did not do that despite a major rebranding exercise - well done fellows.
6. Best wishes for your project and may the adoption of your solution for many industries be smooth and rewarding - to all stakeholders involved.
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Official operations started in February 2014 in the Science Park of Zhejiang University in Hangzhou China.
Walimai leadership engages in a strategic turn-around project for a global top-5 Infant Formula producer from April 2014 until January 2015.
- Walimai is selected as the one of the most-innovative companies at Open Innovations Forum in Moscow
- Walimai anti-counterfeiting technology is presented to Chinese and Russian premiers Li Keqiang and Dmitri Medvedev
3
2015
Walimai engages top producers of baby food and alcohol with prototype anticounterfeiting technology.
Walimai wins innovation grant from Jiaxing city municipal government and is incorporated in Zhejiang province, China.
4
2016
iOS, Android APPs launched, new version of RFID labels developed
Walimai begins sales in December 2016
5
2017
- Walimai signs up its first 3 baby-shops in May 2017
- Wabi blockcain based loyalty system for safe products developed and implemented
