Quote from: netnutter on December 18, 2017, 08:16:19 PM

Quote from: Kayth on December 18, 2017, 12:51:49 PM

Great product from WALIMAI and probably very usful and successful... but why the hell they need a crypto coin for that? They write because:

- 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

Seriously... do you guys think that these chinese mothers will pay for their baby food with WaBi? I cannot imagine... maybe once when crypto get's standard and when it doesn't matter anymore which coins I have, because they get converted automatically to the desired currency at payment time. But this is still far future...
Discounts, loyality points... We all know this from our favourite supermarket chain. Would you buy coins of them just because they are on blockchain now? Probably not...

Quote from: glorsh66 on December 18, 2017, 01:14:15 PM

Exactly, i also can't get the idea why do we need a coin for that?
What is the purpose?

It's great idea, but ho is it related to cryptocurrencies?

Quote from: bribed on December 18, 2017, 01:18:37 PM

I get your points guys and share the same concerns. I think the product is great itself, but the crypto part I dont get eighter. Hopefully someone will enlighten us. I have not been able to buy at the ICO, because I learned about it too late, but I bought some now, just to be safe. FOMO.

READ THE WHITEPAPER. And do your own research. Here's the link https://resources.wacoin.io/WaBI_Whitepaper_ENG.pdf

I read the whitepaper and I don't see a use for the token in their model. They haven't got any asset contracts linking the token to their adoption or underlying company or in any free market integration on their tech. If they do, they have done a really bad job in describing it. I have done my own research and I chose not to invest in a pure fomo/fud hype market alone. I welcome you to debate this topic. Show me otherwise netnutter.