Wabi and Walimai – Solving China’s Food Safety Issues Through Blockchain

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In preparation for the ICO campaign which is to be launched in September 2017,  Wabi  and Walimai are announcing the opening of the pre-sale campaign of the Wa token.

The preICO sale is a great opportunity for the early contributors to take part in a project with rapidly growing sales which aims to solve the problem of baby-food safety in China.

During the preICO campaign, 300,000 preWabi tokens will be offered at the price of 1 USD per 1 preWabi token. The preWabi tokens will be exchangeable at 1:2 ratio to Wabi tokens at the start of the ICO.  To reward the early contributors a bonus system has been set up that works as the following: all of the contributions received will be split into 4 blocks of 75, 000 USD each.

Contributors from each block will receive 3% of the sum equivalent to that of the contributions in the following blocks proportionate to the size of their own contribution. The entirety of preICO proceeds will be used to fund the ICO campaign.

The Wabi project is the commercial deployment of the Walimai anti-counterfeiting label technology. The technology securely connects digital and physical objects and is cost effective enough to be used for consumer goods.

Wabi installs a shelf/ point-of-sale inside the specialized mother & baby stores in China (numbering around 60,000 in the whole of China), which serves as a secure channel for consumers to purchase Walimai label-protected products. The technology has been in commercial operation since December 2016 and has been receiving very positive consumer feedback. At the moment Wabi is in the process of scaling nationwide and the entirety of the ICO proceeds will go to fund this expansion.

Wabi pioneers commercial deployment of technology that can deliver the benefits of the blockchain to the physical world. Up to now the vast majority of such attempts failed due to the inability to guarantee that transactions in the blockchain will be reflected in the real world. Walimai label solves this problem opening up enormous opportunities for blockchain implementation for the physical world.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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