An Argentine reverse auction platform combines payments with its own cryptocurrency.

 

An Argentine reverse auction platform combines payments with its own cryptocurrency.

What is Wadaboo?

Wadaboo is a reverse auction platform that tries to automate purchasing processes in companies and make them more effective, while at the same time creating a new sales channel for suppliers. On the other hand, they developed their own cryptocurrency. For more details, Cointelegraph en Español in Argentina spoke to Daniel Blitman, CEO and co-founder of the company.

The idea started in 2016 when Nicolás Passerini (current CTO) and Daniel Blitman got together. Wadaboo aims to help small and medium-sized businesses compete with larger companies that have the economic power to drive prices down on purchases.

“”Our niche are small and medium-sized businesseswho are unable to bring the price down due to the volume they have purchased, and we are mixing technologies with blockchain by integrating payments with Wadapay, Wadaboo’s native cryptocurrency, “Blitman said.

Own cryptocurrency for payments, shipments and credits

Daniel Blitman emphasized that they have developed their own cryptocurrency called Wadapay (WPAY): “It is already traded and works within Wadaboo so that companies can pay for services or products, international shipments or loans.”

Wadaboo Featurs:

Wadaboo is an automated platform for:

  1. Transparency of the entire purchasing process for entrepreneurs and SMEs.
  2. Organize and automate several products from different categories in a single process.
  3. Access to a whole ecosystem of suppliers from a wide variety of items.
  4. Automatically renegotiate the price of each product without having to wait for the purchase
  5. Suppliers and buyers know at the very moment the auction ends, who won and why. (feedback)
  6. There would no longer have to be qualified personnel only dedicated to the purchasing task.
  7. To reduce the costs of the buyers, no matter how small the company is, being able to form collaborative purchasing pools and thus have access to products for lower prices

What is Wadaboo’s profit?

Only suppliers are charged. Buyers are not charge at all

  • From $1 to $15000 per month NO fee is charged.
  • From $15001 to $45000 per month a 4% fee is charged.
  • From $45001 to $200000 per month a 3.5% fee is charged.

Over $200001 per month a 3% fee is charged.

Tokenomics

  • Tokens created 200,000,000,000 WAPAY
  • Auto LP 7% each sales or purchase transaction
  • Rewards 3% distributed on each sales or purchase transaction

Roadmap

June 9, 2021

  • 200,000,000,000 WAPAY are created (Enhanced version of WPAY).

June 15, 2021

  • Seed phase begins (PRE-IDO)
  • Mid-late July
  • Pre-sale begins (IDO or ILO) WAPAY listed on Pancakeswap with good liquidity

Q3 2021

  • Wadaboo invests in marketing Argentina Integration of Wadapay with Wadaboo

Q4 2021 — Q1 2022

  • Wadaboo opens operations in Chile Wadaboo invests in marketing Chile

Q2 2022 — Q3 2022

  • We are trying to open in other exchanges Wadaboo opens operations in Colombia and Brazil

Q4 2022 — Q1 2023

  • Wadaboo opens operations in Mexico, Spain and USA We invest heavily in marketing and advertising in these countries.

Our Team

For more information :


AUTHOR

Bitcointalk Username: jamaah45

Telegram Username: @jamaah

Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2502762

BSC  Wallet Address: 0x7A5df2D8D32b8f8e4FC6BF71D2BDfe69992D1C1B



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