Webercoin an ecosystem that is designed purely for business owners, marketers and advertisers to efficiently market their products, goods and services via blockchain is targeting 1.1 billion dollar investment in year 2020.
Speaking during a press conference to announce the on-going Webercoin Initial Coin Offering (ICO) in Lagos, Sheneni Tukura, chief executive officer, Webercoin said the platform creates an avenue for all advertisers and regular users on the platform to be rewarded for posting contents, commenting or contributing.
“We have 100 million tokens supply of Webercoin to reward users with. What we are doing now is that we are adding value to Webercoin. So, when we give you Webercoin as a reward, you will know the value. We are currently selling a Webercoin at $0.5. When this amount gets into customers’ pockets, it will be more than 0.5dollars, the equivalent will be given to customers in whatever currency they want.
“We project 1.1billion dollar worth of investment by year 2020 and that is based on what we have seen from different eco systems. Since the ICO opened three weeks ago, we have sold over 300thousand tokens already,” Tukura said.
He explained that the firm developed a system where the community also has a voice and a say in what happens and not what is prevalent in various social media platforms where the platform owners make all the money and nothing comes to the platform users.
“In our platform, we are creating a community that votes for what should be allowed and what shouldn’t be allowed. This is a social market place and we want people to define it as their own community. That is why we are not talking about how much we will get from the ICO but we are talking about the users’ slice of the cake and their investment in the future,” he added.
He further explained that Webercoin uses crypto currency, which can be used in any part of the world, adding that with crypto currency, the firm is able to give anyone in the world equal opportunities.
“Another key feature of our ad system is the location. We found out that a lot of business people who advertise on social media do not advertise to their immediate location or neighbour. So, we decided to tackle this problem to say anyone who is on our platform will be able to advertise to their immediate location first,” Tukura said.
Also speaking at the event, Susan Onigbinde, marketing and media manager said the firm is seeking $20 million in investment. “What is important for investors to know is that the current social media platforms are changing. Research has shown that in the year 2019, there is going to be fraudulent activities and up to 51 million dollars will be lost on-line daily”.
“Our platform promises security of the block chain. The block chain is a much secured technology, where information is encrypted going from one part of the block chain to the other. The data is secured as people use the social platform. This is something that should interest investors and everyone.
“Marketing on several social media platforms is very expensive. As people increase on these platforms, it is harder for businesses to reach their target audience. A small business with small money can now reach her target audience, sell more and make more profit,” she added.
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