WEMARK ICO REVIEW

You have read about the benefits of Wemark for its users from previous articles. In addition, the previous article also talks about the team working on the project and the roadmap which provides an overview of the project objectives.

Wemark creates a custom token to directly pay the content creator from the customer. Tokens are also used as a means of payment for all services. For example, creators need to use WMK to pay for legal services, purchase equipment, and rent models for their photos. The use of WMK is not limited to makers and customers, but will also be used by investors, supporters, and more. Wemark will always develop new ways to expand the WMK token utility.

Wemark Tokens vs Traditional payment methods
Bank credit and wire cards are still widely used by most customers. That's because these customers are not familiar with the crypto token. For this reason, different payment methods including FIAT will be accepted by Wemark. It will then be converted into WMK token because tokens are the cheapest payment method Wemark market. For the first year, the FIAT currency will still be used for transactions in the Wemark market. However, as users get used to the concept of market and network, they will be prompted to use the WMK token. The aim is to enhance the role and value of WMK in the economy.

WMK Token Details

Wemark supplies 135 million WMK tokens for sale. Among the total supply, only 38% of them will be allocated for the TGE period. Meanwhile, 37.5% will be allocated to corporate reserves.

WMK Token is a type of token ERC20. The token-making event (TGE) will begin on May 7, 2018. The event will last only for two weeks. The end date will fall on May 21, 2008. The soft cap set for sale is 1.5 million USD while the hard stamp is 8 million USD. Whenever a hard hat is reached, sales will be closed. If the hard drive fails to reach, the remaining unsold tokens will be destroyed. For the latest updates from public sales, you can refer to the information available on websites and social media. Information posted on Telegram is usually more recent so it's better to join.

Use of Results

The main use of the results will be to develop protocols, especially for research and development. In addition, the funds will mostly be used for marketing and business development. The Company believes that lifetime funding should not come for the early days (in this case, through token sales), but rather on the stage and achievement of the project itself. That is why the hard cover for sales is set at a relatively low number while the company reserves are set at a higher rate.

Wemark will continue to develop protocols and open more opportunities that lead to economic growth. Wemark will encourage future development by selling tokens and using additional equity investments.

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