WABI

fuck those Pajeets really go into extremes

all the more baby powder getting bought then. Buy Wabi

They will never allow this shit in china, go use your useless token to buy babyformula.
That babyfood has wabi on it means shit when its the big babyfood companies in china that has been caught selling poison food.

Seriously just convinced me to buy this shitcoin

correct. who will do inspections? and will the CCP outlaw it to "protect" the consumer against private sector corruption. I own it, I like it, but it's not a sure thing.

Check their twitter. Baby food, alcohol and medication may not seem like much but this market is huuuuuuuuuuuuuuge even if it only is adopted in china wabi is going to have a huge marketcap in no time, a couple weeks at most. Their technology can also be applied to almost any consumer goods as well. You’d be a literal retard to be sitting this one out, even if you are long on VEN and WTC, WABI is going to jupiter very soon.

what do the tokens do though

Same lol

The token is crucial for the project as it's used as an incentive to scan the Walimai labels. The only way the system will stay secure is if costumers keep scanning the labels, and keep updating the database with the current products in circulation, and if they're fake or not. When you scan these labels you receive WaBi as a reward, and if the token has no value, there's no extra incentive to keep scanning. You're "mining" WaBi, you could almost call it a very simple form of PoW. Walimai has also stated that the WaBi price will be directly tied to exchange pricing.

There is a problem if people trust the Walimai label so much that they forgo scanning the products. The system would be compromised. By adding an extra incentive, the token, you can be more confident in customers actually taking their time to scan the product. Furthermore, these tokens can be used to buy Walimai products at a discount, ensuring that as long as people want Walimai products, the token will be in demand. You can also buy WaBi tokens directly from Walimai.

The blockchain adds integral security to the system that it wouldn't otherwise have. The token is an added incentive on their back-end blockchain system. As I mentioned, it's used to make sure the data on their blockchain stays updated. Remember that a lot of crucial logistics data is going to be stored there as well, not just the tokens. Keep in mind, that by having the data on the blockchain means that no one can tamper with it, not even Walimai themselves. This lets consumers place their full trust in the system.
By having the token as part of the blockchain in this state makes it subject to open-market speculation and pricing; price is going to be directly tied to exchanges and will give the token a speculative value.

This will be temporary as the Walimai market grows and organic growth reduces the volatility. Due to the token being a loyalty program, and a currency you can buy to spend in the Walimai retail channel, the tokens value will be directly tied to the value of Walimai products. That is, the more products they sell through the WaBi tokens, the higher its value will be. So what makes the token system different from a regular loyalty program? The supply. The tokens are minted at a limited scale, a regular loyalty program doesn't have this kind of limit as loyalty points can be created indefinitely. As long as the company can afford it, obviously.

Kek sold

A limited supply will slowly increase the value of the token as the Walimai retail channel grows, this will ensure loyalty in the long-run as you keep buying within their retail channel you are also giving yourself a small bonus.
People have also been pointing out that they're basically giving out the WaBi for free. This not true, for two reasons:
* The WaBi reward is a small payment for keeping the system secure
* This is just one of the uses cases for WaBi
The free WaBi is not going to be enough to buy a full product. It's going to be a minimal amount, enough for people to want to scan the product, but not too much as to ruin the ecosystem. After someone has scanned a product, they are going to have some WaBi, and are going to want to use it somehow.
Let's say a costumer has 2 WaBi, the product they want to buy costs the fiat equivalent of 20 WaBi, if they pay the whole amount in WaBi they only have to pay 18. They now have two options:
* Buy the product in fiat for full price
* Buy 16 more WaBi from Walimai, and get a 10% discount

These 16 WaBi are going to be bought from exchanges, Walimai stated that they will have a buffer to expedite transactions, at market price, creating the demand you are asking for. This process is explained in more detail in their Whitepaper.
I addition to this, as Walimai grows they will start accumulating a very large costumer base of their own. Other retailers and suppliers are going to see this and want in on their market. What Walimai will then do is give them the opportunity to buy into the Walimai retail channel by buying WaBi in bulk. This can be used for stores lacking their own loyalty program as well.
Think loyalty programs sound stupid? Think again:
foresightfactory.co/2017/07/18/loyalty-program-strategy-asia/
marketing-interactive.com/nielsen-retail-loyalty-program-key-win-market-competitiveness-china/
thewisemarketer.com/channels/loyalty-strategy/alibaba-launches-umbrella-loyalty-program/

You seem to know your stuff, my understanding of WaBi is pretty similar, however I get a little lost when the whitepaper starts talking about their loyalty program, and their multiple ecosysyems.

Not trying to be spoonfed, but can you break down the difference in values between the loyalty ecosystem and the crypto ecosystem?