I love when blockchain meets the real world and i surely love pets, i have a dog myself so this project got into my eye. It also uses a known exchange for their launch which gives it even better vibes.
Pawtocol is the premier Blockchain company dedicated to the pet community will launch its IEO on ProBit on December 27th, marking the first-ever sale of the Universal Pet Income (UPI) token, made on Ethereum network in ERC20 standard.
The UPI token establishes a currency to power the pet care ecosystem with a tradable value derived from data. This means pet parents will be able to monetize their own data, granting users complete ownership and control of their valuable information. Tokens are earned through participation and will be used in exchange for pet-related products, services, and discounts on the platform.
As they claim in the whitepaper Users of the platform will be compensated for sharing the vast amounts of data already being generated during activities with their pets. Later those activities will be enhanced by a transparent, smart recommendation engine that will show them pet products that may interest them.
For veterinary doctors, the platform will help grow their business. By simply being a part of the ecosystem, docs can more easily engage with pet parents in their local community to find and retain clients. They can also reduce overhead because they earn rewards for storing and sharing data with users’ consent with no hacking of sensitive data risks. The company also plans to release integrated hardware, vets will be able to seamlessly interact with the platform while benefiting from the popular Internet of Things technology in healthcare.
The Pawtocol tool will help local businesses. It stops paid-advertising and implementing crowdsourced AI recommendations, local suppliers with superior products can more easily compete with national brands if they keep quality not just pay more. With supply chain transparency gaining traction among consumers, local vendors can incorporate their production process within the blockchain platform at little or almost none additional cost. Attracting locals to a pet store in the digital age is challenging, but the project provides a solution by enabling merchants to drive traffic directly to their place by engaging the community on the platform which is a win-win solution.
The launch will happen on ProBit exchange which is established and has over $18,680,996 daily volume in trades. They can also support an IEO with more than 5 currencies, multiple sales round, different bonus rates, and various lock-up structures which is not normal on other platforms.
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