Minggu, 24 Maret 2019

WatchUGot | Blockchain-Based Competitive Fundraising Platform

Hello Guys and Good Night From indonesia! Surely you have joined a challenge before right? Like the Ice Bucket challenge or the like, Even though doing it yourself or with your friends, it must be fun! But, do you know? When you do a challenge you can also take the initiative to raise fund for good and meaningful purposes. Right now I will write an article where a platform provides a place for it all.

What is WatchUGot?

WatchUGot is a blockchain based platform, this platform facilitates users to carry out a social challenge for community development through social initiatives and provides rewards to participants who follow challenges in the form of cryptocurrency that can be exchanged later. They integrate it all into a blockchain based platform (Previously WatchUGOT already has an application that you can download on Playstore or AppStore). WatchUGot will be a bridge between blockchain technology and charity crowdfunding. With blockchain technology that is transparent and fast, it will certainly make crowdfunding more efficient.
Users who register on the WatchUGot platform will automatically be matched with the nearest charity event or according to the interests of users who registered earlier. Users can also search for campaigns or even create their own campaigns and invite people they know to participate in their challenges and achieve the goals they want. The WatchUGot platform can be accessed from a mobile application that can be used from anywhere and users can make fundraising and platform users from all over the world can participate in the challenge.
For more details, You can read their whitepaper here: https://drive.google.com/file/d/1X0k2IAukolsP6B6e7C8R6XEa37EWdwVE/view?usp=sharing

WatchUGot Native Token

On their platform there will be 3 Tokens (WUG, RIVL and ERC-721 Token) that are based on ethereum blockchain technology and have their respective uses. The First is WUG Token, you can get this token on the Token sale that currently running. Like other native tokens, WUG is used as a primary payment tool on their platform, such as adding it with high tier items, exchanging it with other cryptocurrency, etc. The Second Token is RIVL Token, this token is based on ERC-20 Same as WUG Token, the difference is that this token is used for the game environment on the platform. And the last is ERC-721 (Non-Fungible) Token. Well, surely you know cryptokitties right? This token is the same as that, this token will be used to represent virtual items contained on their platform. Fore more details, you can see the picture below that i got from their whitepaper.

Token Sale & Distribution Details

Token Name: WUGType: Utility
Platform: Ethereum
Price: 0.08 USD = 1 WUG
MVP: YES (Here)
Accepting: ETH, BTC
Soft Cap: 3,900 ETH
Hard Cap: 36,200 ETH
Country: Estonia 
KYC: YES

Team

Conclusion

Challenge is a fun thing when you do it alone or with your friends. With this platform we can have fun while helping them for a better purpose, besides that with blockchain technology it certainly makes it more transparent so we don't have to fear fraud. Their application has also been running and this is certainly bring more value for their project. This is a very interesting project because they have a unique idea and I just discovered this things in the crypto world for the first time. I'm sure this will be a successful project if implemented correctly.
I think it's enough for now, Do not forget to follow & upvote, I will give some links related to WatchUGot project below. Thank you very much!
My Username : Gambzzz
My Bitcointalk URL : https://bitcointalk.org/index.php?action=profile;u=2466351;sa=summary
My ETH Address : 0x505c1205514D5bBcE8bC076e06D7056964589167
Telegram : @Gambzzzzzz
Email: Gambzzzzz@gmail.com
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