avansa: WisePass

WisePass

WisePass Pte Ltd. is a Singaporean-based lifestyle platform offering daily privileges to its members. They are entitled to a free lunch, dinner, coffee or spirits & wines, everyday from partners such as 5 star hotels, restaurants, bars and clubs.

Started in early 2016, WisePass has grown its revenue by 50% for the past 6 quarters straight. Operating is 2 countries and providing a unique lifestyle solution the company is now entering the growth stage and is scaling its business by opening a new market every quarter.

After a fruitful investment day in April 2017 and a tight due diligence, WisePass successfully completed a 400,000$ US Seed round on September 2017 led by the Venture Capital firm Expara and a handful of prominent investors

Unlike many other ICOs, the tokens issued will be used to enjoy goods & services from global brands cooperating with WisePass. The world is changing faster than ever, at WisePass we believe in the power of the blockchain and want to be part of a crypto economy.

PASS tokens will be used to purchase WisePass monthly subscriptions at half the price of purchasing with fiat. It will also be used to purchase individual goods and services offered on the WisePass platform. We've already gathered agreements with several tech CEOs to accept PASS as a payment method.

PASS tokens will change the way cryptocurrency holders utilize their assets. Harnessing our established partnerships with world-class and local brands, WisePass will allow token holders the ability to purchase items to be consumed in everyday life. By utilizing a cryptocurrency to purchase goods and services users can consume everyday, we will become the main bridge between the crypto-economy and the real world economy.

Partners

Over the past two years we have developed long-lasting partnerships with leading companies in the entertainment, fitness, and HORECA segments to make our product offering even more enticing.

How WisePass works ??

While the new mobile application will have an brand new User Interface and enhanced

User Experience, the actual 5-steps process of using WisePass will remain similar.

Select Location

Select the location you may see fit for the activity you’re planning to have
Find the Box

At the location, make sure you can find the box by asking the staff at the hotel, restaurant or bar
Scan the Box

When you find the box, you can open the app and tap on the WisePass button to start scanning the QR code on the Box
Choose an Item

When your scan is valid, it will display a set of available items you can pick

5 .Confirm the item

After you made your decision, you just need to slide right and show it to the staff so they can confirm and serve you

Token Sale Information

To participate in the Token Private Sale, prospective contributors will need to visit https://ico.wisepass.co/ where they will be required to be whitelisted for the Token Sale.

Once the Know You Customer (KYC) is completed and the contributors are on the whitelist, they will receive a Simple Agreement for Future Tokens (SAFT) that needs to be electronically signed before they can receive the Private Sale ETH address to send their contribution.

Private Sale

In order to participate in the Private Sale, users will have to be whitelisted. The process of getting on the White List is very straight forward:

Participating on Coss.io

To participate, contributors will first need to register on the Coss.io platform. After a successful verification and the activation of the 2 steps authentication, users need to fill in their personal information as part of the WisePass KYC process managed by Coss.io. The Coss Identity Document Check consists of several simple steps including a visual image scan, which analyzes identity documents to verify that they are valid. You will also need to upload a selfie. COSS will then validate the user’s identity documents quickly and cross-reference them against international watch list databases.

PrIvate Sale

Capped at 12,000 ETH = 180,000,000 PASS

Lockdown period: tokens release on September 10th 2018
Presale

May 10th 2018 09:00:00 (GMT+8) – June 10th 08:59:59 (GMT+8)

1 ETH = 10,000 PASS + 2,000 Bonus PASS (20% Bonus)

Capped at 500 ETH = 6,000,000 PASS
Sale: Phase 1

June 10th 2018 09:00:00 (GMT+8) – July 10th 08:59:59 (GMT+8)

1 ETH = 10,000 PASS + 1,500 Bonus PASS (15% Bonus)

Capped at 1,000 ETH = 11,500,000 PASS
Sale: Phase 2

July 10th 2018 09:00:00 (GMT+8) – August 10th 08:59:59 (GMT+8)

1 ETH = 10,000 PASS + 1,000 Bonus PASS (10% Bonus)

Capped at 1,500 ETH or 16,500,000 PASS
Final Price 1 ETH = 10,000 PASS

Post August 10th 2018 09:00:00 (GMT+8)

Token Distribution

To participate in the Token Sale, buyers must pay in the Ethereum currency. Tokens will be delivered to the participants of the Token Sale after the Token Sale End Date.

21.4% of PASS tokens to be allocated to the Token Sale
51.1% of PASS tokens to be created will be part of the WisePass Reserve and will be retained by WisePass, as described below
20% of PASS tokens created will be distributed to WisePass’s founders, employees and future employees
4.5% of PASS tokens created will be distributed to the advisors
3.0% of PASS tokens created will be distributed for bounties

Funds Allocation

• IT Development: we are building a strong AI with our developers in order to improve the relevance of our user recommendation system on the iOS and Android apps. The constant stream of updates will help us to refine the UX and work on gathering more and more data points. Simultaneously, we will be building and implementing the blockchain transactional platform.

• Marketing: the team is working on driving up awareness and eventually driving traffic to partners of 50,000 visits monthly through a combination of global partnerships and online advertising platforms within Q1 2021 across 30 cities.

• Expansion:

Business Development: We will hire more staff locally to reach more than 10,000 venues. Local knowledge is key for this process and we need people with the right connections that have taste and can understand the ethos of WisePass.

Account Management: To handle the volume of partners we will onboard on WisePass, we are hiring a local team of account managers to grow and nurture each key account and ensure we can provide the best service possible.

• Admin & Ops: we are working to streamline the process of onbarding vendors through tech automation and a team of four people to process +10,000 transactions monthly in Singapore.

• Tactical Fund: To be used for Acquisitions, Financial Investments and as a Development Fund. The goal is to enhance WisePass’ revenue streams and ensure it is the leading lifestyle platform in Asia.

Team