Wadaboo: Procurement Platform with Reverse Auction System and Collaborative Purchasing Group

By adriaparcerisas | ICO Reviews | 29 Jul 2021

Introduction

One of the main problems of the economy in Latin American countries, especially those in the development phase, is disorganized purchases, the limit of suppliers and the lack of data privacy, which means that purchases are not 100% effective or transparent.
Private processes are not transparent. In addition, both entrepreneurs and SMEs lack liquidity and are forced to increase costs without being able to transfer that value to the price of supply, losing profits on both sides.

For this reason I would like to introduce you to Wadapay (https://www.wadapay.net/), an innovative payment network for companies and entrepreneurs.

Definition

Without going any further, Wadapay (https://www.wadapay.net/) is a platform based on blockchain technology, so it brings privacy and decentralization, and which is also 100% community-driven with utility in the B2B industry.

The platform has been created by Wadaboo to be considered B2B and work inside and outside as a means of payment between companies, international shipments, loans, etc, within this ecosystem. In this way, Wadaboo has a native currency that companies can use to pay, get paid, make transfers, etc.

The main objective of Wadaboo is to organize and automate the purchasing processes of many companies in Latin America, achieving lower costs in each operation.

Main utilities of the platform

Charges and payments: Wadaboo users will be able to charge and pay with Wadapay through the native $WAPAY token and automatically exchange to FIAT currency.
International Transfers: Businesses and entrepreneurs can make international transfers for any function useful for that.
Loans: With WAPAY, businesses will be able to take loans for product purchases or even to expand.

f54f65ad314e76addfabb835d6182e78781b99c98d910eb6458977d5c31d1e4b.png

Benefits

Thanks to the incorporation of the $WAPAY token payment method within the Wadaboo B2B platform, corporate purchases can be automated and optimized.
Wadaboo will expand its operations in several countries and companies will adopt WAPAY as a means of transaction.
Transparency and decentralization for the purchasing process.
Thanks to smart contracts, it will be possible to automate several products from different categories in a single process.
The platform will also give access to a whole ecosystem of suppliers for a wide variety of items.

Tokenomics

Wadaboo's native cryptocurrency will be $WAPAY, which will function as a means of payment within its ecosystem. Thus, WAPAY will be used to buy and sell products between companies, make international purchases, as well as borrow money.

Token name: WADAPAY
Token symbol: WAPAY
Supply: 200,000,000,000,000 WAPAY

Bounty program

The project gives the opportunity to earn WAPAY tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5348851.0), where you can access the link in order to see what are the conditions to become an early Wadapay contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://www.wadapay.net/public/documents/whitepaper-en.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/wadapaychat). I hope you liked the post and soon I’ll send you new ones.