What’s On Pic - Technical side of the project
Users are the biggest asset, so it’s important to ensure uninterrupted operation, allowing them to receive rewards worldwide from thousands of participating stores.
For this, What’s On Pic uses advanced technology that will enhance the user experience with an easy-to-use interface to keep track of your rewards.
BLOCKCHARE PLATFORM
What’s On Pic aims to create a simpler and more enjoyable experience for its users, which allows them to receive rewards worldwide from thousands of participating trading companies. For this purpose, a simple and clear website was created, as well as a convenient interface for tracking their remuneration and income.
The team’s internal goal was to create a unified, stable platform that could harmonize remuneration issues, track the distribution of tokens for participants, and ensure transparency and accountability with clear immediate execution.
Ethereum was chosen as a platform, as it has the unique ability to use a smart contract and can reduce costs and time for authenticating transactions and delivering cash to a participant’s account.
Through the use of an ERC20-compatible wallet, participants will be able to store their tokens, receive rewards in platform tokens, or receive their cashback in tokens.
WHY THE TOKENS OF ERC20 STANDARD?
Ethereum created an ecosystem where everything works smoothly using tokens to power the network. Ethereum-based tokens allow exchanges, cryptocurrency wallets and smart contracts to know in advance how any new tokens in the system will interact.
In addition, the ERC20 defines six functions that allow other smart contracts to interact with the Ethereum network, creating an unchanged environment for transactions.
Thanks to smart contracting and other complex computing capabilities, Ethereum is considered a more flexible, adaptable and stable platform.
To ensure transparency, stability and security of the platform, blockchain technology was introduced.
The blockchain technology also makes it possible to simplify interaction between platform members and reduce fraud and costs for all parties involved.
AWT tokens conform to the ERC20 standard. This means that they are compatible with the Ethereum wallet and can be easily transferred from one address to another.
AWT TOKENOMIKA
What’s On Pic tokenomics allows you to create a business model to empower all participants to interact with the platform and receive incentives in the form of cash rewards and AWT tokens.
Members of the What's On Pic community will receive cash rewards and tokens when the purchase is made through the messages they have marked.
The value of AWT tokens will increase over time due to the development of the service and an increase in the number of users who will increase the demand for tokens. This will allow participants to get more rewards and benefits.
What’s On Pic members earn AWT tokens every time they purchase from a user's post. Initially, for each $ 1 earned, the consumer will additionally receive a token stimulus in the ratio fiat 10: 1, which is funded from the transactional flow of income.
Any withdrawals that require AWT to be converted into local currency will be made at current market prices and will incur transaction processing fees, which may vary depending on the market and method of withdrawal.
HOW TO USE TOKENS?
In addition to the withdrawal and storage of the token in your wallet, it can be used in several other ways:
1. Payment for advertising on the platform:
Users, sellers and advertisers offering their services and products on What’s On Pic can pay their advertising fees using AWT.
Banner advertising or priority campaign can be paid by tokens. As the cost of tokens increases, any redemption will be assessed at current market prices, effectively guaranteeing a discounted advertising rate on the platform for early users.
2. Making payments:
Participants will be able to buy products on the What's On Pic market and ultimately purchase products from integrated trading partners who accept payments from ERC20 wallets in accordance with the token exchange rate in real time.
TOKEN INFORMATION
AWT Token is based on the Ethereum platform and fully complies with the ERC-20 standard. Support for this standard ensures compatibility and ease of integration of the token with third-party services (wallets, stock exchanges, ads, etc.).
AWT tokens emission is needed to raise funds for further project development and platform maintenance. Tokens will not be generated at the pre-sales stage.
The number of AWT tokens is limited. AWT tokens are not mined by any companies or users.
The maximum number of tokens: 7,213,925.00 AWT. After that, the release of AWT tokens will be stopped.
Tokens to reward the team and advisors will be automatically blocked in a smart contract for 1 year.
Tokens that make up the reserve fund will be automatically blocked in a smart contract for 6 months.
All unsold tokens will be burned in accordance with the rules of smart contracts, with the exception of reserved tokens.
AUTHOR:Gambangcity
ETH:0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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