THE TOKEN GENERATION EVENT AND OVERVIEW PROJECT’S TEAM AND ADVISORS

yomarve (37)in #ico • 6 years ago (edited)

In this article, I will be discussing the Wemark Token. Its importance, use and Token Generation Event. Just so you know, Wemark is legally registered firm. Blockchain has created what we now know as dApp or Decentralized Applications which are very much like normal apps we use daily on our mobiles or computers which are owned and managed by centralized entities.

But the difference is that these dApps have distributed systems wherein there is no single or central point of failure which will cause serious financial injury. In the Wemark protocol, to ensure the functionality of smart contract and the settlement of economic good, fiat currency cannot power the platform therefore a native token (cryptocurrency) is created to power the application and ensure full and smooth user experience. All settlement of economic importance is to be executed using the Wemark token.

One question that comes to mind is how does one obtain such a Token? The answer is very much easy. In order to access the functionality of the Wemark platform, the token will have to be obtained from Cryptocurrency Exchanges where it is traded either through Bitcoin, Ethereum or Fiat. But this is only after the Token Generation Event (TGE). During the Token Generation Event, this is scheduled to hold on the 24th of July, 2018. Investors can purchase the token which they can use on the platform. According to data obtained from the Team, over a Million Dollars $1m has been raised by the Team from VCs and it is expected that the total amount to be raised is $8m.

Total Token Supply is pegged at 135,000,000 with unsold token burnt.

The Token generation event is starting on the 24th of July, 2018 and expected to terminate on the 7th of Aug. 2018.

The Token is apportioned as thus:

38% is reserved for token sale

37.5% is for Community Rewards and Economy Scaling

12% Advisors & Partnerships

While for Founding Team and Employees, 11% is reserved for them.

For marketing purposes, 1.5% is reserved for bounty programs.

PROJECT TEAM

The Project is backed by Founder and CEO Tai Kaish who has been engaged in digital marketing and growth expansion for Top Brands and newly founded business. There is a saying “no student knows as much as the teacher” while I can fault the view, but then, as a lecturer and mentor, Kaish does knows his business of professional digital marketing. Find him on LinkedIn https://www.linkedin.com/in/taikaish/

Next on the Team members is Pavel Elkind. As the Chief Technological Officer of Wemark, one would assume his is a Tech guy. And indeed he is. Pavel has worked with the Isreali Intelligence Agency as an officer and there he led teams in development of top projects. He is knowledgeable in Research and Development also. Find him on LinkedIn https://www.linkedin.com/in/devenv/

Lastly is Roy Meirom. Meirom is an entrepreneur with the experience of business development and growth. When considering the ways a venture can expand, Roy Meirom comes about bringing is skills in Business Administration and Law when legal matters crops up. Find him on Linkedin https://www.linkedin.com/in/roymeirom/