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Webcoin, a utility ERC20 token based on the Ethereum blockchain, connects the worlds of digital marketing, blockchain technology and cryptocurrency.
By providing a cryptocurrency for buying and selling services within the Webhits.io platform, Webcoin will offer the least expensive P2P network available, at the same time guaranteeing monetary payback on web and social media engagement services.
Its cryptocurrency mining will be available to anyone with a laptop, distinguishing it from existing cryptocurrency mining and proof-of-work models.
The project’s mission is to increase advertiser return on investment and lower the costs for website and social media engagement services globally by at least 10 times. The project’s social mining feature will transform the relationship between advertising and cryptocurrency.
Retirees, college students or social media influencers will be able to join the freelance economy and generate extra income form their daily activities.
Market Creates A Demand
Companies are currently spending increasing amounts of money on digital marketing services.
While Asian social media companies such as Tencent QQ and WeChat have become the most popular globally, non-Asian companies cannot advertise on them. Many freelancers cannot afford the services of these social media influencers.
Meanwhile, the recent ban on cryptocurrency advertising on Facebook, Twitter and Google has created a new market with limited competition for blockchain based digital advertising solutions.
Webhits.io offers 10 times less expensive advertising services than other social media platforms. Sole proprietors and global brands alike will find it more cost effective to advertise their offers to highly targeted audiences by connecting with interest based audiences, delivering improved ROI.
Webhits.io will allow businesses worldwide to advertise in the rapidly expanding Asian markets.
How It Works
Every advertiser-related social media action performed by a miner will be rewarded monetarily with a portion of a Webcoin token.
Commercial processes on the Webhits.io platform will be governed by the Webcoin team. Webhits.io will offer Webcoin to advertisers, maintaining the public supply of Webcoin sustainable. Each advertiser will get an initial amount of Webcoin to trade for social media exposure within the platform.
Advertisers will be able to obtain Webcoin directly from cryptocurrency exchanges. Those not willing to buy from the exchanges and convert fiat currency to cryptocurrency will have their Webcoin resold by the platform for USD at a rate of 5% to 10% above the average market rate on the exchanges.
Webcoin will retain a small amount on every operational cycle, slowly decreasing the coin supply over time, diminishing the supply on the exchanges and increasing the demand for the coin and raising its market price.
Reviewers will review web and social media content for a fee. Webhits.io will randomly select three reviewers. Each post will require approval of two of the three reviewers to be sent to the appropriate miners.
The platform will offer white label solutions. If a corporate advertiser requests a feature to be built into Webhits.io for a one-time project, the platform will deploy the feature and be compensated with Webcoin.
Cost Efficient Mining
Webcoin social mining requires no CPU and GPU, as opposed to bitcoin and Ether, thereby addressing the rising electricity cost of cryptocurrency mining. Miners only have to visit websites and social media links provided by advertisers to the Webhits.io platform.
Once the miner delivers the service to the advertiser, they are rewarded with a portion of a Webcoin token.
Pre-ICO And ICO Scheduled
A private sale will last from now until May 31, 2018. The pre-ICO will be June 1 to June 30, while the ICO will be from July 1 to Aug. 1, 2018.
The crowdsale will release 25 million Webcoins to cover all platform operational needs for the next three to five years. There will be a total supply of 70 million tokens.
The crowdsale will have a soft cap of 600 ETH and a hard cap/fixed limit of 17,376 ETH. The minimum purchase is 0.1 ETH.
All unsold Webcoins during the ICO will be transferred to the mining pool, increasing the amount of the available tokens to distribute to miners.
Several cryptocurrencies will be accepted: ETH, BTC, BCH, XRP, LTC, XEM, DOG, ETC, ADA, NEO, GAS and EOS.
The token will soon be listed on at least five cryptocurrency exchanges.
The project, which has already raised $400,000 from more than 100 investors, has the potential to disrupt the $1 trillion advertising and cryptocurrency industries.
Webcoin is currently conducting a private sale round at http://webcoin.today. Fintech and cryptocurrency enthusiasts are invited to join.