WatchUGot

Blockchain technology is a transparent digital transaction book and records that are immune to modification or deletion. Offering additional features of increased security, cost reduction, time efficiency and error tolerance, the chain-chain grew, fluctuated in 2017. The utility of blockchain technology is unlimited, triggering an increase in the list of companies, industries and government studying its potential adoption. A blockchain is an immutable public book that records digital transactions.

With my research on blockchain projects, I found this project in which I really put my faith:
WatchUGot . Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.

ABOUT THE PROJECT

WatchUGot is a blockchain-based social challenge platform that facilitates community building through social charity initiatives and rewards participants in the form of exchangeable cryptocurrency capital. WatchUGot is an Ethereum based social networking app that provides users with the tools and platform to develop community fundraising campaigns. WatchUGot 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. The legacy (non-blockchain) version of WatchUGot is already live and available for download on Google and Apple marketplaces.

WatchUGot AND BLOCKCHAIN TECHNOLOGY

WatchUGot blockchain environment supports three (3) unique Ethereum utility token standards: One (1) standard ERC-20 (WUG), one standard ERC-20 (RIVL) and one (1) ERC-721 token 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-20) and WUG-tokens relative to the amount of content, or participation contributed. These aspects, in conjunction with the WUG monetization model, provide the components necessary to create an innovative fundraising product on a blockchain platform.

TOKEN DETAILS

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.

WatchUGot (WUG)

1 WUG = 0.0014 ETH

Fixed Limit: ±8,107,000 USD (76,250 ETH)

Soft Cap: ±875,988 USD (8,239 ETH)

Exchange: 1 ETH = ±710 WUG

Currency: ETH, USD, EUR

Min Purchase: 0.2 ETH / 140 WUG

Starts: January 18 (11:59 PM)

Ends: April 30 (11:59 PM)

The WatchUGot platform and WUG token enables you to raise money for a good cause all while having fun with friends, family and followers.

Make your profile and connect with others to create or participate in fun challenges that bring awareness to important causes while rewarding yourself in the process. Keep track of your goals and see the progress of how much you’ve raised throughout each campaign.

WatchUGot bridges the gap of blockchain innovation and charitable crowdfunding. Join our migration to the Ethereum blockchain and be a part of the FIRST social challenge network for blockchain.

PLATFORM FEATURES

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.

ROADMAP AND DEVELOPMENT PERSPECTIVE

Above you can see the Development roadmap — how the team sees their nearest and long-term future.

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.

Erman Koc: Founder, CEO

Kevin Moran: Co-founder, President

William Madison: Full-Stack Dev & Distributed Systems Engineer

Kristen Temnyk: Product Requirements Manager

Jessica Segoviano: Operations Manager

The primary motivation behind this project is to develop a platform that would provide users with the tools to develop community-driven charity-initiatives to benefit good causes. WatchUGot also endeavors to provide exposure through social awareness campaigns and educate community members through the direct and practical applications of blockchain based technologies.

For more information, please visit:

Website: https://watchugot.co/

Bounty thread: https://bitcointalk.org/index.php?topic=5054456.0

White paper: https://drive.google.com/file/d/1X0k2IAukolsP6B6e7C8R6XEa37EWdwVE/view

Twitter: https://twitter.com/WUG_Crew

Facebook: https://www.facebook.com/watchugotapp

Telegram: https://t.me/watchugot

Author

nugezmils

BITCOINTALK PROFILE

https://bitcointalk.org/index.php?action=profile;u=1729621