Webercoin woos investors, advertisers to 100 million initial offer
Weberhub digital marketing platform has launched an initial 100 million Webercoins offer to reward advertisers and social media users on their platform.
The marketplace, which connects businesses to users on the advertising network system, aims to reward advertisers with low-cost rates, while customers get Webercoin token valued at $0.5 each.
Chief Executive Officer (CEO), Webercom Tech Limited and Project Lead Webercoin, Sheneni Tukura, at a media parley in Lagos recently, said the whole idea is to give a balance to interactions between advertising and patronage, by ensuring that everyone has a voice and are rewarded accordingly.
Tukura said: “When you go on social media and use media marketing, you pay for your phone, data, among other expenses, but what do you get back from just being on the social media? You don’t get anything. And we said that we will create a reward system to give back to businesses and users.
“Webercoin is given as reward to anyone who uses the platform as a business or as regular users. As a business, when you post, you get rewarded with Webercoin and as a user, when you rate, you get rewarded with the same Webercoin. So, that gives people a balance in the social market space.”
He noted that no fewer than 300,000 tokens had been rewarded since the offer opened about four weeks ago.
Webercoin token is a cryptocurrency built on the Ethereum technology. Webercoin can be exchanged for Bitcoin or fiat money like Dollar or Naira, depending on the currency of choice. Webercoin can also be ploughed back into businesses.
Tukura added that the current value on Webercoin puts it in pole position for higher returns on future investment.
He said: “During our Initial Coin Offer (ICO), we sell Webercoin at $0.5 with added value. As our platform grows and people get on the platform, the value increases. With projections already made on our White Paper and social media, we will be $1.1billion worth by 2020. That is based on what we have seen from different ecosystems and how the social media and market place is going.
“We are also seeking a $20million investment into our platform. Business always needs marketing, research, development and money to make it flow. This ICO is not going to look for just one investor but anybody that has taken a look at our platform, and convinced that it is worth investing in because of return on investment in the future.”
Media and Marketing Lead, Susan Onigbinde, added that with Webercoin, businesses can reach customers that are more inclined to purchasing from them, and at much lower advertising costs than current social media platforms.
Onigbinde said: “In addition is the increased return on advertising investment and better relationships with their customers, impacting their bottom line positively.
“We are also ensuring that your data are safe on our platform. We have taken measures to ensure that data on our platform are not abused, but private to users, who upload them. The data are encrypted and sent into blockchain such that even the platform providers cannot misuse your data. The only person who has access to your data is the person that uploaded it. This means that we are giving powers back to the people over their data.”
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