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Weeshing ITO

Weeshing ITO

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We are currently planning our Initial Token Offering , What should our token do for the industry?





39 COMMENTS 186 VOTES

Most recent Most voted Most verbose

You should offer free airdrop first and also do a research on the need of the blockchain to help in Health sector to help people globally with your project base on your findings.

2 years ago

I wish this token to come and stay not like others that vanished without any notice and my advice for this token is to focus on how to get remedy to a single problem not venturing into many

2 years ago

This comment is not available, it has been removed for violating the code of conduct

2 years ago

This is a copy of a comment made on another task and does not even correlate with the question.

2 years ago

I am sure there will be a lot of problems so it always happens at the start and everything will depend on the experience of the team and the correctness of the decisions taken. However there should be peer to peer offering and I recommend rendering of help to the music industry

2 years ago

You should offer free airdrop first and also do a research on the need of the blockchain market then make your project base on your findings.

2 years ago

First of all you guys need to go back to the drawing board and figure out a particular problem, with recent numerous blockchain related project emanating on a daily basis there is a need to set your objectives that will give the project competitive advantage over other similar project. Secondly get to partner with some experienced blockchain experts it will help achieve the project aim.

2 years ago

Considering the increasing birthrate and the rate of unemployment , I will only wish that anything that will be done to help create more medium for financial empowerment will go a long way. If this token can serve as source of financial empowerment to the populace, it will be a welcome idea

2 years ago

Firstly, this is a welcome development. I wish this token to correct some major lapses in cryptocurrency. Lapses like unsecure token wallet, high transfer charges and also to correct the dwindling in the current market price.

2 years ago

Nasrullah . senior

I think a good strategy makes Bounty and Airdrop programs via Bitcointalk and Telegram groups, it's a great strategy to add or expand the community, as more communities mean more people know about this project.

2 years ago

I give my support to Weeshing ITO but you really need to base it on blockchain or smart contracts and its also need to publicise it to spread out there. Good luck

2 years ago

This comment is not available, it has been removed for violating the code of conduct

2 years ago

This comment is not available, it has been removed for violating the code of conduct

2 years ago

Add a bounty.

2 years ago

Hello darkness, although your comment helps a bit, it really does not answer the question. What should the token do. Please respond to the question.

2 years ago

Kay Lazy senior

From what I have experienced is that people will ask for the use of the token and if having a token makes any sense for the project. Because people tend to question it since we have so many Initial Token Offerings these days and not all of them bring returns on investment. So I think it has to be some kind of killer application and which doesn't necessarily have to be unique. Let's just have a glance at privacy coins. For everyone it's very clear what use we have for the token and we also know that there are at least ten serious projects but all of them bring a value to their token and noone will question the token itself. Next we need a actual purpose to use the token. Okay for privacy token we have the Darkweb. But not everyone wants to deal in these dubious areas of the web. There are a lot of other services I would like to pay anonymously. Let's just talk about Filesharing Network Accounts or all kind of internet services, where the other part doesn't necessarily need my name, my contact details or my address.

2 years ago

Randy Tice guru

Staunch believer in the power of the crowd and blockchain.

Your token should definitely be used as a utility and not a security. Here are the reasons: #1) My impression is that the company would be most successful in the US. As such, you will want a vast majority of your investors to be from North America. In order to have your initial investors be from your target market, you will need to hash out your smart contracts to make sure it can be labeled as a utility to so that you can comply with SEC regulations and have the ICO be open to US investors. #2) Liquidity is important for the long term success of your token. By making it the only means of investing in future concerts/events and having the payout be in the token also, you can assure that your token will have volume that scales with your company. As wheeshing gains traction and the amount of bands/events/investors grows this can insure that more tokens go in, go out, then are reinvested back in and so forth. Consider offering incentives for those who use their payouts to reinvest in another event.

2 years ago

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2 years ago

Ethan Clime guru

CEO of Crowdholding.com

Hello Agus, tasks are intended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

2 years ago

which should be done is immediately launched let everyone know and can join with your product

2 years ago

Well I think a smart contract would be justified. I think if people are attending concert should be rewarded with tokens on how many times they participated in events. They will be able to exchange tokens or use rewards for discounts on the future events. I think that promoters should receive stakes for contributing to the concert success.

2 years ago

This comment is not available, it has been removed for violating the code of conduct

2 years ago

Ethan Clime guru

CEO of Crowdholding.com

Hello Udin, tasks are intended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

2 years ago

Stupid Seb new user

Digital Innovation lead (Silicon Valley)

1st, I had to check the site to see what Weeshing was offering: Your claim is “crowdfunding bands and & concerts”, and your token should be an amplifier of the brand promise: << To bring fans and artists closer than ever by sharing the proceeds of successful events.>> . Blockchain allows multiple things, and each one have their own benefits for the music industry, but self-execution of contracts and tokenization are the most interesting here: Here are my proposition. It's a 2-fold plan. I hope you'll enjoy the reading. 1- PART [1]: directly in line with your brand positioning and product line is all the VIP-packages merchandising market, an crowdsourcing of concerts. Tokens could be the mean of exchange to purchase such services. To make it GREAT, you need smart tokenomics, something that prevents anybody to suddenly buy a large quantity of tokens. If your token is just a representation of a way to price the services, it does not have any real value, it just replaces currency. -> You need to imagine what we call “staking rewards”: ie, giving priority to token holders, and working a market for these rewards. First, I recommend you learn about DragonChain’s Slumber Score (or Skycoin CoinHours) to understand what sort of staking rewards principles. Here’s the idea: one person staking a lot of WEESH coins will generate other tokens, called “fan score”. This “fan score” is based on the time he held them in the portfolio. This score allows the person to get special services -> priority access to the events, limited merchandising etc…. Note: Once a person spends WEESH tokens, find a mechanism to sort-of reset some ”fan score”, so they have to hold tokens again to be the in priority 1st next time. (it avoids that the same people always get priority accesses). Of course, a person staking “fan score” must be able to sell this score to other people under certain conditions (see part2). Thys priority system tokenomics not only works for VIP-events and merchandising, it can also be a great solution for concert tickets sales: The real ultra mega fans who dedicated their tokens to a specific artist page will get concert tickets in priority. Regarding tickets, I’d advise you look at Aventus: This project is trying to disrupt the ticketing industry and could be a very interesting partner for you (if you don’t want to deal with actual concert ticketing) . 2- PART [2]: Where it starts to “fall into place” is when you factor IP (intellectual Property) management for artists. => WEESH tokens could be use to “liquiditize” the IP of early stage bands. Producing a record, or a series of concerts is expensive, and most bands don’t have the money, This is where you guys enter: you would create an Initial Band Offering, where bands would be able to get initial financing using tokens. Again, if the token is only used as a currency, it has no value… but based on the point 1 tokenomics, we can imagine a brand new ecosystem where people can literally INVEST in bands IP. By doing so, the fans have 2 incentives: a- the 1st incentive is linked to the point 1, VIP-events, merchandising etc… -> the IBO (initial Band offering) investment in WEESH tokens will generate a “fan score” with a way higher multiplier than the standard score. . Example: I have 1000 WEESH. And they generate each 1 point of “fan score” per day when I lock them on the site. I can choose to to an IBO for a band: I’ll put 100 WEESH tokens for them, that the band will be able to use (exchange for ETH/money to fund their recording). These 100WEESH are out of my wallet, but because I did the IBO I have 2 advantages: 1st: it generates “fan score” for this band at a x5 rate vs my non allocated WEESH coins. Just for this band. As I invested 1st, I’ll benefit from priority access to their merch and gigs… (offers need to be tailored) 2nd: this investment represents a part of the IP of the band (Band may offer 10% of their IP): the day they will become famous, their value will increase, and so the investment I put. The “Fan Score” they generate on the platform can be sold (as tokens) to other future fans. I mentioned earlier that a person staking “fan score” should be able to sell this score to other people under certain conditions. Here are the conditions I propose: 1- the person has to IBO this band on your platform. 2- he person has to have a minimum amount 3- when you sell “fan score”, a portion is destroyed (20% of what you sell) -> this allows the “fan score” redistribution and avoids too aggressive trading. (note: technically, to do so, each band will generate a smart contract on your platform, with the parameters they want for IP %, rewards etc…) Holding, or spending WEESH to generate “fan score” not only creates a full ecosystem for you fans, but also have a genuine advantage: it limite the VELOCITY of the WEESH tokens. And the PQ=MV equation (see C.Burninske on medium) tells us that it will also help your tokens to appreciate in value. ------------------------------------------------------------------------------------------------------ CONCLUSION: The real disruptive business model is a WEESH token that generates “fan score” - A pure utility token as “medium of exchange” has limited value. The value lies in smart tokenomics - Your core business is VIP-Events and Merchanding management, this should be the core offer of the WEESH tokens (as currency). But you need smart tokenomics to create actual value: - You need to build a “fan score” to allow users to get priority access to events and merchandising. - “fan score” is higher when dedicated to certain bands, and can be traded (incl. a burn mechanism) - “fan score” is the reason to HOLD the WEESH tokens. I hope you will enjoy this reading. --stupid_seb

2 years ago

Javier Hasbun new user

Hey great post! Please feel free to contact me at javier@weeshing.com for further collaboration

2 years ago

Stupid Seb new user

Digital Innovation lead (Silicon Valley)

Hey,
Sorry, I had lost access to my account until now.
Is the offer still up ?

2 years ago

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Javier Hasbun new user

Yes let's follow up over email

2 years ago

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XBorn ID senior

The most effective ICO promotion is by giving bonus for referring, that way ICO no longer need to rent or use other advertising media. The best and most effective promotional media is by referring, so ICO will quickly spread through word of mouth, and use the way of promotion with youtubers who have many subscribers. And another thing to note is the distribution, that's what investors are waiting for. How to get that token / coin is not down price when entering the market, that is, use the right marketing strategy and price of ICO.

2 years ago

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2 years ago

Ethan Loosbrock

Well researched in startups. Startup employee currently.

I think the following could be good applications, especially with smart contracts: 1. Funding bands (tours, merchandise, albums, etc.) 2. Serving as a distribution network for promoting albums, getting gigs, selling merch, etc. Basically, if you could attack the space that labels occupy currently, it could be hugely popular. What's more is if you can do this in a way that the little guys are fairly compensated then you will have something that spotify/youtube/others don't or won't do. Steemit seems to have a good hold of how to do this. 3. An add-on or platform for artists on multiple platforms to be compensated for views and listens that they may not currently be paid for.

2 years ago

ICO is usually on offer by the developers where their goals is raising funds to develop their project do in this case is a digital coin. They need funds to use The concept of crypto currancy with the most modern technology What are the advantages of ICO memaksilkan project they do to quickly develop and can be completed as soon as possible. one way to develop it can be done with a landing system success for Weeshing ITO

2 years ago

You should focus on "Real World Problems". For me that is the game changer that many ICO's are missing, a connection between the blockchain and people. It can be almost in every tech, financial ou social area. Hope you follow that path, it's the truelly important one. Thank's

2 years ago

Jpm Magno expert

I'm a mum and my suggestion is help the health industry. Where we can find an alternative medicines, food supplements, vitamins etc. Example is essential oils, All the company or manufacturer claiming that they are pure, theraputic, organic should be in the blockchain and will undergo a thorough test and the unbiased results can be seen by anyone.

2 years ago

Gil Nusbaum expert

Are you asking as a blank canvas - what should the purpose of your token be? Or am I missing something?

2 years ago

Javier Hasbun new user

Yes we have our ideas, but we don't want to say anything yet, of course it's regarding Weeshing.com

2 years ago

Zexro Indra guru

former mutual wealth advisor for indonesia

giving airdrop or bounty is one way to attract actors in the industry. the more members of the telegram group, it will become more selling point, because it will be a lot of links will be spread in social media and crypto forums

2 years ago

jbm386 expert

Signification time spent with enterprise software companies

So I think one of the things you always want to think about is does my platform need to be on the blockchain or use smart contracts. Now what I think is interesting for Weeshing is you have a promoters across a lot of different countries so a smart contract could be interesting if you were going to tokenize VIP experiences for your consumers. An example of this is you partner with a promoter for some concert, you use the token to have consumers bid on Backstage passes or VIP experience or autographed gear form the event to make their experience even better. You then use a smart contract to give a percentage of the proceeds (tokens you earn back to them). You could also have promoters pay you or individuals for services, example peer to peer promotion enabled on your platform. An example of this would be a promotor acquires tokens from you to give to "crowd sourced promotors" who tweet and post on facebook about their event. That would help you create a two way ecosystem and allow for people who love a certain band to earn token or prizes awarded by the promotor (tickets etc.) for promoting them. I think you have a lot of possibilities and a large user base so the possibilities are endless. One important thing, don't move to early before you try to source money. I am involved in a lot of ICO/ITO groups / discussion boards and the biggest thing I notice about success of an ICO is how quickly can the company get from taking investments launching an ICO to having a testnet and mainnet live for the Dapp or blockchain platform. Given you would be a Dapp you're going to have a lot of wary investors in this market. The best thing you can do (better than providing bonuses) is closing the distance on the amount time it will take you to go live. If it's over 90 days generally Dapps have been getting crushed since December. Anyway I think you can do something really special with this platform / ecosystem if you do it right. I will be watching to see how this turns out and looking to invest if the plan is well thought out. Good luck.

2 years ago

Randy Tice guru

Staunch believer in the power of the crowd and blockchain.

"don't move too early"

this is paramount in the current market conditions.
Analyze the market, anticipate the next bull run, and time your ico accordingly.
Keep it concise with a low hardcap.
Be quick to exchanges and have at least an mvp (better if you have an alpha).

This will help your project's success where other's have failed.

2 years ago

From a marketing and PR standpoint part of the ITO proceeds can be used to fund efforts to fight music piracy. This will show your constituencies that this platform is serious and passionate to help musicians.

2 years ago