WaBi ICO tries to address certain issues and offers corresponding solutions for them. The problems that WaBi ICO offers a solution for- Stopping the circulation of fake goods (which according to the ICO are currently worth around $460 billion). Preventing fake pharmaceuticals. And solving the problems that blockchain faces when it comes to linking digital and physical assets. The unique solution for the problems listed above is the process of linking digital and physical assets with RFID labels, which has a function of anti-copying. This way WaBi ICO verifies the products, and the process will be as easy as doing with personal cell phones. In other words, WaBi ICO aims to sell products (e.g. cosmetics, food, pharmaceuticals etc.) to its consumers which will be ensured by the technology that the ICO offers. The technology is blockchain based, and WaBi ICO offers a safety channel known as Walimai that aims to establish security of the users.

The ICO Team

Alexander Busarov


A graduate of the London School of Economics and Political Science. Before co-founding WaBi, he worked as a consultant at McKinsey & Co., founded EarlyBird, and is Walimai’s current CEO

Danjie Hu

Project Manager

She possesses competencies in Chemical Engineering. Formerly she served as Marketing Execute at two tech startups, Aerifai and Portus. Hu has qualifications in Geochemistry, Entrepreneurship, and Entrepreneurial Innovation

Arthur Pinchuk

Lead Software Architect

With 15 years in software development, Arthur is the platform’s developer. He specializes in blockchain technology and crypto-economics. Founded Mind Development and its CTO. He graduated from Belarus State University

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To develop a technology to help fight counterfeit products and guarantee product authenticity to consumers. With this technology, manufacturers and suppliers tag products using RFID enable labels to track a product’s point of origin.

WaBi was conceptualized in 2013 when Walimai won a contract from the biggest infant formula producer in China. In 2015, the company received funding form Jiaxing municipal government. Come 2016, the company launched a mobile app for both Android and iOS and did its first sales using this technology.

Due to an increase in natural demand for the WaBi token, we expect that the loyalty program will create non-speculative transactions helping to drive its acceptance by consumers, suppliers, and manufacturers. Presently, there is a large unexploited customer base.