WatchUGot-ICO(Review)

Good afternoon, my dear crypto-enthusiasts, and today I want to tell you about the wonderful and promising "WatchUGot" and its advantages.

About:

WatchUGot is an Ethereum based social networking app that provides users with the tools and platform to develop community fundraising campaigns. We combined the crowdfunding components of GoFundMe with the social aspects of Facebook and Instagram on a blockchain. WatchUGot allows users to create and participate in fundraising initiatives for meaningful causes, while being rewarded with real cash-value in the form of our WUG tokens. Our legacy (non-blockchain) version of WatchUGot is already live and available for download on Google and Apple marketplaces.

our primary motivation was to develop a platform that would provide users with the tools to develop community driven charity-initiatives to benefit good causes. We also endeavor to provide exposure through social awareness campaigns and educate community members through the direct and practical applications of blockchain based technologies. Secondly, we were inspired by the phenomenon of viral-challenges and presented with the opportunity to introduce a novel procedure and fun product for promoting community driven, charitable initiatives. Our application is designed to facilitate universal use and compliancy for all markets, in hopes of inspiring charity and ethical awareness towards the benefit of all people. Another motivation was to address the challenges of utilizing blockchain technology in a meaningful way and introduce it to existing mobile markets. In doing so, we developed a unique method for integrating smart contract protocols to our existing Android & iOS platform. (WatchUGot – Viral Challenge Game) Lastly, we’re fans of innovative applications like cryptokitties and community fundraising platforms like, Indiegogo. We’re motivated to pursue a path of blockchain-based software innovation and avoid the pitfalls of centralization provided with conventional fundraising mediums. We proudly present the WatchUGot Blockchain-based, Challenge platform as that solution.

How it Works?

Sign up
Register on WatchUGot & get automatically matched to campaigns based on your interests.

Set goals and invite your friends & followers
Search other campaigns or be automatically matched by WatchUGot with charitable events nearby.

Exchange
Exchange tokens for other cryptocurrencies or fiat (EUR/USD). Donate your tokens, cash or withdrawal and spend how you want.

The Tokens

The WatchUGot blockchain environment supports three (3) unique Ethereum utility token standards: standard ERC-20 (WUG) token, standard ERC-223 (RIVL) token, and ERC-721 token standard for use as non-fungible goods. The primary game coin (WUG), incorporates aspects of gamification and the principles of fair-market economics to incentivize community participation. WatchUGot’s Challenge model provides participants with the tools to generate funds for charitable causes while having fun and rewarding users for achieving goals while helping others.

WatchUGot’s new unique gamifying features leverage Ethereum’s ability to mint unique, inflationary tokens as non-fungible (ERC-721) virtual items (similar to cryptokitties). The non-fungible tokens interact directly with WUG (ERC-20) tokens and are designed to compensate individuals for content curation, campaign development, moderation and specific actions (upvoting, meeting fundraising thresholds) by awarding RIVL (ERC-223).

The Ethereum (ERC-20) WUG token is the official coin for use with the WatchUGot store and game environment. WUG is the primary, native currency for virtual and physical items exchanged on the WatchUGot application. It is also the exclusive currency for donations made toward charitable causes and the only token redeemable for cash-value. WUG was designed with the intent to enhance the user’s experience by providing meaningful value and rewarding users for active participation. Eligible users are able to purchase WUG and RIVL tokens directly from the WatchUGot store or receive them as rewards for task completion and community activity participation. Users may choose to exchange their tokens for cash-value, crypto, virtual/physical goods in our store, or donate them directly to charitable foundations.