With the arrival of 2019, the token sale models promised a change that would significantly improve over what ICOs had to offer. While ICOs were at their height back in 2017, their popularity quickly started to drop in 2018, mirroring the prices of pretty much all cryptocurrencies. ICOs also got a bad reputation due to a great number of scams that emerged back when the hype was at its highest.
As mentioned, new models that would reduce such risks emerged, including Security Token Offerings (STOs), and Initial Exchange Offerings (IEOs), which is a relatively new trend started by Binance Launchpad.
With that said, ICOs are still far from extinct, and there are many of them still around. As most investors grew suspicious, scammers have mostly left the area, leaving a few good-quality projects that missed their opportunity in 2017 and early 2018. However, with the prices growing once again, investors are again seeking worthy projects to invest in, and one such project is Wulet ICO, which is currently ongoing.
Wulet is a blockchain-based platform which aims to unite loyalty programs and provide a synergy effect for various firms. Simply put, the project aims to create the ultimate tool which would allow customers to safely store their cards, coupons, discounts, and everything else in a single, highly-convenient system.
As a result, they will be able to exchange loyalty points of various companies and use them at just the right time to achieve maximum effect. The Wulet ecosystem also brings some quite innovative features, which will let companies around the world benefit from the "blue ocean" market of tradable loyalty points.
The end result will allow customers to quickly and easily decide what bonuses they need, while the firms will be able to determine which loyalty programs are worth keeping, and which require change.
Naturally, in order to power its platform, Wulet needed a token, so it created WU. WU is designed to act as a utility token, with its current price being only around $0.001 ETH.
The project is currently still in its PreICO phase, which started on October 1st, 2018, and is scheduled to end on May 31st, 2019. In other words, the ICO itself will start in less than two weeks, on June 1st. It will last 30 days, ending on June 30th.
The minimal investment for the project — based in Estonia, and developed on the EOS platform — is 1 ETH. Meanwhile, investors can purchase WU tokens in exchange for Bitcoin (BTC), Ethereum (ETH), or Litecoin (LTC). The project also features a bonus, bounty, and MVP/Prototype, while it also requires KYC and Whitelist procedures.
The soft cap is set at 8,000 ETH, while the hard cap is at 49,000 ETH. Another thing worth mentioning is that investors from all around the world are welcome, and there are no restricted areas for this project, which is not always the case in modern ICOs.
Even so, would-be investors should take time to study the project thoroughly, and ensure that they know exactly what they are investing in. While it is true that scams are mostly behind us, that still doesn't mean that investing blindly into anything is a good idea. Luckily, Wulet appears to be a legitimate project, with its whitepaper fully available to the public, and the project even features a clear and precise roadmap, displaying its plans for the future.
| Industry | Industry |
|---|---|
| Start | June 1, 2019 |
|---|---|
| End | June 30, 2019 |
| Expired |
Wulet is a true discovery for someone like me, an untreatable shopping addict. I have even lost count of all loyalty programs I partake in, as well as all these bonus points, gift certificates and so on. Being able to organize them in one place and even trade some of the points is a great solution for me. I wasn’t interested in crypto that much before, but I think that Wulet deserves a modest investment from me.
I have been using the test version of Wulet’s dApp for several days and it appears to be really promising. Certainly, the list of brands is still very limited - I only managed to play around with loyalty points from Nike and GoPro - and it has minor bugs here and there, but on the whole, the experience was quite satisfying. The idea of providing users with an opportunity to exchange loyalty points is brilliant, especially for shopaholics like me. I have tons of point and gift cards which would just have gone to waste, but thanks to Wulet, I hope to put them to good use.
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