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What is WisePass?
WisePass is a blockchain-based lifestyle subscription platform that seeks to accelerate the usage and adoption of cryptocurrencies in everyday life. For years, cryptocurrencies have been accepted in the realm of large enterprises making them unavailable to ordinary people who constitute the majority of the population. WisePass aims to alter this trend by developing a technology that will revolutionize the process of purchasing items with cryptocurrencies. The technology includes a back-end system and a mobile application platform through which users can locate and pay for the various products and services offered. WisePass has partnered with various businesses including global brands, cinemas, restaurants, five-star hotels and bar joints to provide products and services ranging from coffee, wines and spirits, movie viewing, food and many more.
Interested users simply need to download and install the WisePass application on their mobile devices after which they can select their preferred location for the activity they wish to engage in. The application contains a mapping feature which can guide users to the specific location they have chosen. After arriving at the location, users can select their preferred item or service and pay for it by simply scanning a given QR code provided at the location. All payments on the platform will be done using the PASS cryptocurrency only. To keep their system robust, secure and immutable, WisePass is built on the Ethereum blockchain where all the inventories and transactions are stored and managed. WisePass is currently supported in four cities in Asia which include Bangkok, Hanoi, Manila, and Ho Chi Minh city. The company is, however, committed to adding a new city every new quarter.
WisePass Main Features
- Highly reliable and immutable system – The WisePass platform is built on the Ethereum blockchain which is highly secure, reliable and immutable. WisePass has partnered with Kyber Network as a payment gateway to process contributions. The convenience and security of the Kyber Network is a perfect fit for the WisePass platform.
- Convenience – WisePass aims to revolutionize the way people purchase products and services today. There will no longer be a need to carry wads of cash and plastic cards in your pocket. All one requires is a mobile application installed on their mobile device. This move will not only make it easier and convenient to spend cash but also safer as compared to conventional payment systems. The WisePass application can be used for paying for a wide variety of services ranging from travel expenses, accommodation, movie charges, food expenses and many more.
- Efficiency – WisePass harnesses the power of blockchain to connect its members to reliable merchants and businesses located in various cities all over the world. The platform offers personalized recommendations to its users based on their use history, time of day, gender, age, location, and This eliminates the need for users to physically search for merchants in order to benefit from their services. The platform also provides a mapping feature which helps users to easily locate various businesses in various cities all over the world.
- Highly rewarding – WisePass rewards its members with daily privileges for simply using the platform. Members are entitled to a free lunch, dinner, coffee or bottle of alcohol every day. These incentives have been provided through partnerships between WisePass and restaurants, bars and five-star hotels located in various cities all over the world.
WisePass ICO token sale
The total supply of WisePass (PASS) tokens is set at 1,000,000,000 out of which 250,000,000 will be available in the token sale. The price of one token is currently set at 1 PASS = 0.0001 ETH. To contribute to the ICO, contributors will first need to register on the Coss.io website. The registration process requires users to provide their personal information as part of WisePass’ Know Your Customer (KYC) process. Once a successful registration is done then users can proceed to buy tokens.
Token distribution metrics
- Token sale (Both public and private sale): 25%
- Team: 20%
- Advisors: 4.5%
- Bounties: 3%
Restricted countries: United States of America and China
The following bonuses will be available to the participants of the ICO depending on the time during which they invest in the ICO and the number of tokens they purchase.
- The first 60,000,000 PASS (10th May to 10th June 2018): 20% bonus
- 60,000,000 to 106,000,000 PASS (10th June to 10th July 2018): 15% bonus
- 106,000,000 to 150,000,000 PASS (10th July to 10th August 2018): 10% bonus
- 150,000,000 to 250,000,000 PASS (Post August 10th 2018): 0% bonus
Investors who will purchase tokens worth 15 ETH and above will receive a 40% bonus.
ICO communication channels
WisePass ICO team
Lam Tran – CEO/ Co-founder
Lam is a passionate marketing expert with over 10 years’ experience in the marketing field. He currently serves as the CEO of WisePass ICO with a responsibility of developing and executing the vision of the company. He previously worked at Tiki.vn as the Head of Marketing from 2013 to 2014. He has also worked at Google as the Online Sales Account Strategist from 2012 to 2013 and at nhomMua.com as the Head of Marketing Analytics from 2011 to 2012. He holds a Masters’ degree in Marketing and Finance from the CERAM Sophia Antipolis Business School.
Aymeric Matencio – Co-founder/ Head of Operations
Aymeric is a professional Business Developer with experience in business development, sales, finance and business in general. Besides co-founding WisePass ICO, he has previously co-founded a mobile marketing platform called Vice. Prior to joining WisePass, he served as a Steering Committee member at French Tech Vietnam. He holds a Bachelor of Science degree in International Business Administration from the Rotterdam School of Management, Erasmus University and a Masters’ degree in Finance and Investment from the same institution.
Trung Dang Duc – Head of Technology
Trung is a professional software developer with over 5 years’ experience developing complex IT systems and solutions. He is especially skilled in Java, Android development, and iOS development. He is currently leading the Tech department at WisePass and playing a key role in the development of the WisePass mobile platform. He holds a Bachelor’s degree in Software Engineering from FPT University.
Jeremy Lemaire – Head of Business Development
Jeremy is a professional with key skills in business development, sales operations, marketing and customer relations. He is responsible for overseeing the global expansion of WisePass. Prior to joining WisePass ICO, he worked as a Production Assistant at Hortensia Tourism and Trading from 2015 to 2016. He holds a Bachelors’ degree in International Tourism and Hospitality Management from the University of Cergy Pontoise.
Vy Bui – Operations Manager
Vy is a seasoned professional with skills in customer relations and business administration. She previously served as the CEO Assistant for the Vice Shopping mobile application. She holds a Bachelor’s degree in Business Administration and Management from the University of Greenwich.
ICO Scam Check
In an effort to find out the legitimacy of the company behind the ICO, we counter checked the information provided on the ICO’s website against the information we collect from other online sources. Our findings indicate that the company is indeed legit and is registered in Singapore as from 2016. This important verification coupled with the professional manner in which information is presented on their website shows that the company is not a scam. Online reviews from other cryptocurrency websites also contain predominantly positive testimonials about the WisePass ICO.
Furthermore, all the 18 team members of the WisePass ICO have credible social media accounts and are well experienced in the industry that the ICO targets. The ICO’s roadmap is also realistic with achievable promises, unlike scams which solicit impractical and phony promises. We can, therefore, assure our readers that they can go ahead and invest their assets in this venture.
WisePass ICO Business model
According to the whitepaper of the ICO, WisePass business model is to generate profits mainly through monthly subscriptions. Interested users are required to pay a monthly subscription fee using PASS tokens in order to gain membership to the platform. Another revenue stream for the company will be through advertising fees. WisePass will generate leads and traffic to various brands that have partnered with it by marketing their brands to the platform’s users. The brands, on the other hand, will pay a specified amount of money as advertisement fee to the platform. The brands will also benefit from this since their products will be promoted across multiple countries and markets where the WisePass platform is supported.
The WisePass mobile application currently targets various users in the Southeastern Asian region which includes countries such as Vietnam, Thailand, and Singapore. The platform is supported in various cities in this region including Bangkok, Hanoi and Ho Chi Minh cities. Users can range from residents of these cities to tourists visiting these cities who can use the application to find various amenities in the city. The company is committed to adding at least one city after every quarter in order to expand its services to other regions in the world. Moreover, the platform’s services can also benefit other stakeholders including five-star hotel chains, premium liquor and coffee brands and companies in the entertainment and fitness industry.
The minimum viable product for this project is a backend system and mobile application dubbed WisePass 1.0. This product was released in the last quarter of 2016 and is still available for download for both Android and iOS devices. The product has limited functionalities and capabilities compared to the new system currently under development. The product can be accessed on the Google Play Store or the Apple App Store. The newly updated app will be launching on iOS on May 28, 2018, and Android on June 4, 2018.
The goal of the ICO is to raise a total of 20,000 ETH. Considering the massive market that the venture aims to cover which includes city residents in various countries in Asia and America, one can conclude that the project has a huge potential. PASS tokens are also set at a price of 0.0001 ETH which is pretty affordable for the casual investor. A typical example of an ICO related to WisePass is the Request ICO. Request is a German-based decentralized network for cryptocurrency payments. The Request ICO was able to raise its target amount of 32,895,000 US Dollars in four days. Since WisePass’ target amount is much lower than that of Request, one can predict this ICO will be successful as well.
Potential/ Use cases
What makes the WisePass project unique from other ventures is the fact that the platform seeks to benefit the common people not only in the cryptocurrency community but also in the general public. The WisePass mobile application is a superior service with a user-friendly interface that benefits both consumers and businesses alike. Consumers can access personalized recommendations that suit their specific needs while businesses and brands can be able to reach a wide range of potential customers in multiple countries. Furthermore, since WisePass is built on the Ethereum blockchain, all operations are carried out in an efficient and transparent manner that builds trust between the various parties involved.
WisePass coin supply and purpose
The WisePass coin (PASS) is an ERC20 token. The total coin supply is set at 1,000,000,000 PASS out of which 250,000,000 will be available in the token sale. New tokens will not be generated after the completion of the ICO and any remaining tokens will be channeled to the platform’s reserve. Currently, WisePass has specified that PASS tokens will only be used within the WisePass platform and hence will not be available in any exchange.
The WisePass coin (PASS) will be used as the native cryptocurrency for transacting any form of services in the platform including payment of monthly subscription in order to become a member of the WisePass lifestyle platform. PASS will be available on the COSS.io and Kyber exchanges.
Compatible wallets and exchanges
The PASS token will be used exclusively on the WisePass platform. Since the PASS token is an ERC20 token, it can be stored in any of the ERC20 compatible wallets such as MyEtherWallet, MetaMask, Ledger Nano S and many more.
WisePass Review Summary
We believe it’s a worthwhile investment for investors to consider placing their money in. Many thanks for reading our WisePass ICO review. We trust it has been insightful and educative. Feel free to visit our site for more reviews and content on cryptocurrency related topics.