The WMPRO token, source: wmpro.io
Word-of-mouth is a free or paid form of advertisement for which, over the past 10 years, the process of “sharing” has moved progressively into the electronic field and now customers and direct sellers can share opinions and rate products and services on the network with the possibility of being remunerated. Direct Sales has evolved to the Network Marketing and Referral Marketing campaigns that we know today, which has brought new challenges and obstacles on different business models.
The indiscriminate use of social networks and the internet has allowed the proliferation and diffusion of “unverified” information on the real ethical-professional qualities of companies, operators and partners. Also, there is no registered or certified training to check on the work quality, no open ranking based on the certification of the results achieved, and no specialized platform where professionals and companies can introduce themselves to collaborate on the product, service, or feature required.
WM PROFESSIONAL is developing a platform called Eucleia that solves the current inefficiencies in this market by creating the first global blockchain ecosystem to put companies in communication that want to distribute products or services with word-of-mouth players. Eucleia will authenticate users according to the quality and quantity of uploaded information via a certification blockchain-based system (called WMPRO) creating a real rating system for both for companies and operators.
WM PROFESSIONAL (WMPRO INTERNATIONAL LIMITED) is based in the United Arab Emirates and is carrying out an ICO to be able to finance its business model.
2015 Global direct sales industry worth, source: wmpro.io
Main features
- If specific conditions are met in the smart contract, a certified sticker called “WMPRO certified” is issued. It contains details and professional rating that users can stick on their socials (Fb/Linkedin/Twitter and so on)
- The sticker link will display the confirmation of useful and truthful information. The certification can be shared on any social media platform and website indicated by the user, providing rewards and benefits to the most ranked users.
- Contains an advanced e-commerce section where sellers can pay a fee in WMPRO for using the platform and offer their services. Advertisers can use publicity banners on specific spaces in WMPRO.
- Users will be able to purchase professional services for their personal and professional growth, payable with the platform token WMPRO. Live and online training sessions will be available, autoresponders, web conferencing systems, specialized ebooks and tickets for seminars.
Eucleia platform map, source: wmpro.io
Creating WMPRO ecosystem, the company wants to focus on 2 main factors:
- Stop the fake like model of sharing good contents for rewards which lead to mislead customers and faulse information on the market.
- Incentivize faith though a trustable technology such as only blockchain can be. For a token to have value, people have to use it to trade in a variety of things. WMPRO wants to create the faith in the purchasers in the next future, there will be alignment between rising a real rating for professionals and stopping fake information and financial wealth.
Token information
- Token name = WM PROFESSIONAL
- Acronym = WMPRO
- Platform = Ethereum
- Type = ERC20
- Max. number of tokens = 50,000,000
- Cryptocurrencies accepted = ETH and other major currencies
- Soft cap = 1,000 ETH
- Hard cap = 20,000 ETH
Token distribution
- Token sale = 30,000,000 – 60%
- Bounty = 10,000,000 – 20%
- Founders = 5,000,000 – 10%
- Advisors = 3,500,000 – 7%
- Reserve = 1,500,000 – 3%
WMPRO token distribution, source: wmpro.io
Funds usage
- Marketing and Listing = 40%
- Devs (execution) = 15%
- Patents, research and development = 20%
- Operations = 15%
- Reserve funds = 5%
- Legal and compliance = 2%
- Security = 2%
- Charity = 1%
WMPRO funds usage, source: wmpro.io
Token sale details
- Starts = July 20th, 2018
- Ends = October 31st, 2018
- Token price = 1,500 WMPRO/ETH
- Bonus = 30% to 10%
- Extra Bonus = 5%
Note 1: Bonus percentage depends on purchase date.
Note 2: Extra bonus applies from contributions greater than 10 ETH.
Bonus purchase date, source: wmpro.io
An important information we received by the team that is of great interest and show how seriously they are working for the project success, according to a plan that can be established only at the end of the Sale, based on the results:
a – UNSOLD TOKENS
– 30% temporary freeze of tokens (voluntary escrow, milestone-based): They will be put back on sale when specified milestones have been reached (and then to follow the achievement of successive targets)
– Goal : funding the project
b – UNSOLD TOKENS
– 70% temporary block (freezing) of tokens and distribute, for free ( on the basis of deadlines set for objectives), to the purchasers who bought during the ico (and held, not selling) proportionally “xx” for every WMPRO bought, to enjoy bigger advantages.
– Goal: Increase auto lock up by purchasers
It is important to notice that the company did not start with a pre-sale.
WMPRO wants to underline the fact that the project is “protected” and well managed.
Many Ico pre-sales can drive to change the number of tokens and a larger discount that affect reputation and investors irritation.
All Sale is regulated directly by smart contract and no by the company. This means that if for any reason, the Softcap is not reached, purchasers will have their Eth back automatically.
So WMPRO wants purchasers granted with the smart contract.
The company has also frozen tokens for Team and Reserve.
The skilled leading team
- Maurizio Siracusa – Blockchain and cybersecurity, co-founder
- Riccardo Vieri – Innovation and technology, co-founder
- Giovanni Lionetti – Finance & administration, co-founder
WMPRO founders, source: wmpro.io
Competitors
There are other platforms offering solutions with decentralized professional networks like Indorse and MBYS but there is no one that offers solutions on blockchain technology for the direct sales players and its industry, making Eucleia’s platform a unique project and business model.
Social media presence
Additional information
- ICO Website
- ICO Whitepaper
- ICO Onepager
- ICObench Review
- ICORATING Review
- BitcoinTalk Topic
- GitHub Codes
2017 direct sales industry worth , source: wmpro.io
Conclusions and Opinions
This platform will reach a global industry worth over 189 billion dollars with a community of more than 116 million people and the potential to reach 1 billion by 2021, according to economic and industry experts. In this industry, 250,000 companies interact worldwide with each other every day. Eucleia solutions will raise the standards to a higher level, to acquire an increasing number of satisfied customers and professionally realized operators.
In our opinions, the value of a token is positively correlated to the value of the project and, usually, to the growth of the network in terms of users and/or active participants that make it possible to generate a growing turnover and affirmation on the market.
Looking at the numbers of the market and the potential of the project we firmly believe about WMPRO’s impact in the future of the token economics.
