Part 1: Basic Introduction of WeBlock and Dr. Abba Garba CTO of WeBlock
Tiểu Mai:
Please introduce yourself briefly and the Weblock project for everyone to know @AbbGarba
Mr.Abba Garba:
Sure.. My name is Abba I recently join WeBlock as a CTO in charge of the development plan of WeBlock products. Specifically, I am leading the works in asset on-chain optimization, smart contract code security, and the risk management of WeToken.
Before I join WeBlock during my PhD at Peking University, I conducted various research projects in the information security domain which comprises applying the concept of Blockchain Technology in network infrastructures such as Public Key Infrastructures (PKIs), IoTs, IoVs etc. This gives me to have an extensive and systematic experiences of research and comprehension in the field of blockchain security.
I had been actively participating in many Cryptocurrency/Blockchain technology hackathons and related conferences organized by technology industry, financial industry and universities around the world such as: Blockchain Hackathon, Shanghai, 2015; won the prize as a third winner me and my 3 team. LongHash Hackathon Tokyo 2017; The team I led Won the first prize winner among other couple of Hackathons such as Hackathons in IoT Overseas student National University of Singapore (NUS); Global Solution Festival, Tsinghua university, 2018 etc.
When I first learned about WeBlock, I was impressed by its rapid achievements and development in the accelerator field. The entire foundation is very foreseeable about what products should be required in the blockchain field in the future, which coincides with my ideas, so I decided to join in and become a part of it.
I believe by joining this amazing team hoping to inject new vitality into WeBlock in the technical field. Through my experience and understanding in the technical field, WeBlock hopes to be better serve and accelerate high-quality blockchain DeFi projects, and to provide WeBlock investors and users with long-term stable value returns and friendly product experience.
Thanks that all…
While It’s pretty much interesting to know what really WeBlock it’s all about….
WeBlock is trying to be the Y-combinator in the Blockchain field. We were established to focus on being the infrastructure behind valued Defi Projects. By creating an acceleration system, we help Defi Projects to grow quicker and safer, make sure they will be developed in an efficient way not just financial side, community side or marketing side but one-stop solution for all…..
Compare to the traditional acceleration who focus on the internet company, WeBlock would be more flexible, low-risk and resource-cost efficiency.
Talking about flexible, WeBlock applied a point-to-point service, that means our accelerated Defi projects could choose the required service according to their own needs, no matter is fundraising, teambuilding or exchange business; for Low-risk, by adopting standardized solution design in acceleration service, WeBlock could finish a results-oriented purpose for every project.
Lastly, One of our unique competitive advantages as compare to other traditional Accelerators companies is that, WeBlock is high featured by its resource cost efficiency, by utilizing big data and unique AI robot to minimize the involvement of manual labor in the operational process, WeBlock could highly reduce the budget and resource during the process of acceleration.
Tiểu Mai:
Thanks a lot for brief introduction WeBlock and Great sharing information plan in the feature from Mr.Abba Garba
Here on behalf of VIC group I will ask 2 questions for you, are you ready
Mr.Abba Garba:
Sure..
Tiểu Mai:
And here is the first question
Question 1: Can you introduce WebBlock’s Road Map so that everyone can know?
Mr.Abba Garba:
Well this is very interesting question..
WeBlock has a very clear and firm development plan, and we also respect the community’s development opinions and current market performance.
At present we are on the verge of entering memorable and historic achievement in WeBlcok since we first started this project.
First of all, we plan to cooperate with a liquid mining product to improve the liquidity of WeToken’s secondary market and trading volume, it will also enable those who contribute to the community to hold more WON and improve their governance power. This liquid product will Integrating DAO and Non-fungible tokens (NFTs), and connecting with some leading stablecoin projects, such as compound, USDT, ETH, DIA, AMPL, YFI, etc., we will let the core members of the community vote to determine the first batch of cooperation listings.
Secondly, a new product. Our core value relies in the product. The development of the product has always been placed in the high priority. We will launch the internal beta version of the new product WeAdmin in about 1 month, and invite partners and WeBlock certified admins to participate for the first time ever closed beta.
Thirdly, we are conducting in-depth communication and cooperation with some banks and financial companies in Asia and Europe while we are also asking some well-connected Fintech companies about the decentralization of equity securities, stablecoins, and payment methods. We should cooperate with something related to those aspects in the near future to face future decentralization and accelerate financial services.
While in terms of our road regarding the core WeBlock project…
We aim to build 6 accelerated products for acceleration include WeBounty, WePayU, WeAdmin, WeIXO, WeListing and WeLabs.
1. WeBounty has launched on 15/Sep/2019, so it’s been over one year.
2. Webounty has been included in WeBlock.
3. WeBounty Data exploded early this year because of our high quality projects, so we shall re-optimise the services in order to meet the standards of running for the over
4. WeBlock White Paper has been edited for over 10 times in order to provide the most objective data and theories. But we will still be working on the edit of technical parts.
5. WePayU Beta has served over 80K traffics in the first day when it came out.
You could find the information on both our official twitter: https://twitter.com/WeBlockEnglish
or go directly to the Medium for details: https://medium.com/@WeBlock/the-weblockers-program-endless-journey-a1bd0a253aa3?source=social.tw
As well as our website: weblock.vip
Tiểu Mai:
Thank you for the wonderful answer
And here is the second question for you
Question 2: How can WeBlock differentiate and attract investors and users, what are those factors?
Mr.Abba Garba:
Ok
Well, this is also another interesting answer..
I think the most outstanding points for WeBLock is our products and Business we made since the first day we built up. Unlike many acceleration or blockchain project, which aim to build their Dapp or Main Chain in the future, WeBlock has built its products since the first day of born，hence we have already made profits from the first day.
As I mentioned previously.. On our roadmap, we aim to build 6 accelerated products for acceleration include WeBounty, WePayU, WeAdmin, WeIXO, WeListing and WeLabs.
To better understand why we create those products, I think the first thing we shall know is how a project go through its process of 0–1.
If a project shall meet its mature statues, it shall go those processes of
1, Idea creating
2. Team building.
3. Fundraising.
4. Community.
5. Media promotion
6. Exchange listing.
Those 6 steps are very basic points which we think every project shall go through in order to meet their success in the early stage, the in turns could be flexible and any of the steps are necessary requirements.
Once we make sure this parts, then our work become very simple, What WeBlock shall do is to solve those problems for them, in a flexible, low-risk and resource cost efficient way. That’s why we decided to create those 6 products.
In Brief:
WeBounty: is a is a highly intelligent traffic growth solution, it helps Defi project to establish an influential community from diversified areas in only 7days. So it could solve “No4. community “
WePayU: It provides a high density traffic view digital AD system that will make the project viewed by hundreds of thousands users every day, so it targets the “No5. Media promotion.”
WeAdmin: collected experienced community manager, KOL and developers globally, Projects can book their services directly on our system. So it would target the “No2. Team building aspects. “
WeIXO: is focusing on “NO3. Fundraising.” Depending on the community-driven model, WeIXO links the projects with high-quality investors from WeBlock eco-system, it will loop a couple of investors for project in very short time based on the popularity and ranking points.
WEListing: is focusing on the Exchange Business, you could easily use these serve to engage conversation with Rep from your aimed Exchange, which solve the steps of “№6 Exchange Listing.”
WeLabs. Constituted by the founding governance members of WeBlock, including the permanent members and the independent consultants of Blockchain industry, WeLabs provides continuous service regarding tokenization and on-chain business consulting, WeLabs will help the founder to initiate his blockchain idea and make it realistic and specific.
Apart from this , WeLabs also focus on the performance of popular Defi projects in the markets, we will come out with a recommended Chart every week for community to select the high return projects.
Our prediction normally would target our partners, for example, we gave the prediction on Monday that Bella shall increase for 600% when open trade and it matched well. BTW, we also would invest them ourselves and share the return.
If you are interested in our products, you could go directly to our website: weblock.vip and experience it yourself
I would recommend everyone to read this article on Medium, to better and clear understanding the value of WON:
Tiểu Mai:
Thank you
I think everyone has understood more about WeBlock after your wonderful sharing
Now, we are going to Part 2
Now, we begin with 5 questions that have been selected
Question 1: Can you briefly explain how the Top milestones that the WeBlock team aims to execute before the end of this year or going to execute in future, will help them succeed and What WeBlock may look like in 2021 and beyond ?
Mr.Abba Garba:
Great question…
WeBlock has a very clear and firm development plan, and we also respect the community’s development opinions and current market performance.
As I have said that..
we plan to cooperate with a liquid mining product to improve the liquidity of WeToken’s secondary market and trading volume, it will also enable those who contribute to the community to hold more WON and improve their governance power.
This liquid product will Integrating DAO and Non-fungible tokens (NFTs), and connecting with some leading stablecoin projects, such as compound, USDT, ETH, DIA, AMPL, YFI, etc., we will let the core members of the community vote to determine the first batch of cooperation listings.
Currently we are conducting in-depth communication and cooperation with some banks and financial companies in Asia and Europe while we are also asking some well-connected Fintech companies about the decentralization of equity securities, stablecoins, and payment methods.
We should cooperate with something related to those aspects in the near future to face future decentralization and accelerate financial services.
Tiểu Mai:
Yes, thank you for the answer, here’s the next question
Question 2: What are the use cases of $WON token in WEBLOCK ecosystem and how you will increase the use cases of $WON token more? And as a crypto investor, What’s the main reason behind why I should Buy & Hodl $WON in my portfolio as long term Investment?
Mr.Abba Garba:
Such a wonderful question…
WON is the only token issued by WeBlock Foundation, and it’s the key connection point for the entire WeBlock ecosystem, it will support the system operation as well as indicates the performance of the whole business.
There will be 100+ practical application scenarios for WON, for example, Product service subscription fee：our partners could use WON to pay for our accelerations service online directly,
Membership fee:
Community Users could use their WON to open the membership on our page.
community voting governance rights: the WON holders could participate the governance of WeBlock community , and LP attributes: we will invest our partner projects by using WON and share the profits with everyone who holds WON. Basically WON exists as the quantitative value of the entire WeBlock system.
When user invest in WON, we will put WON into 2 parts.
First parts is investment: we will use 50% of the raised money from you to invest in our accelerated projects in the primary markets. We only making partners with TOP DeFi projects in order to make sure the maximum profits and value on the return.
I could share some of our recent case with everyone:
Accelerated & invested Defi projects in the last 3weeks:
a. Bella(Bel): listed on Binance. 1100% increasing in the first day.
b. Dkargo (DKA): listed on Upbit& HuoBi. 300% increasing in 3days.
c. Mixtrust exchange (MXT): listed on Uniswap, 200%return.
d. Connectome (CNTM): listed on Okex, 75% return in 5days.
So we are pretty focus on the high-qualify project and trying to bring&share value with them together.
for more information, you could refer to our twitter: https://twitter.com/WeBlockEnglish
Second part are Product development & Community operations:
WeBlock has 6 products in line and 2 of them has already online
1. webounty: webounty.io
2, Wepayu: wepayu.io
we are actually put the money and time into the research & developing of all the products and when all the products have released, we are expecting to get a decent service fees from them. for example, one of our running product:: webounty, it has served over 100 clients and help us generated an idea profits.
Afterwards we will put profits into WON in order to share it with every holders.
For community operations: we will less than 10% of WON to support the maintain of all weblock system include people/Serve/community users etc etc.
Tiểu Mai:
Question 3 : At the moment , what’s WeBlock focusing right now ? building and developing product or getting customers and users, or partnerships ? Could you explain it
Mr.Abba Garba:
Thanks for asking this question..
Well I would both.. Let me briefly explain to you..
As I mentioned earlier WeBlock has 6 core products/services in line and 2 of them have already online
1. webounty: webounty.io
2, Wepayu: wepayu.io
We are actually put the money and time into the research & developing of all the products and when all the products have released, we are expecting to get a decent service fees from them. for example, one of our running product:: webounty, it has served over 100 clients and help us generated an idea profits.
Afterwards we will put profits into WON in order to share it with every holders.
For community operations: we will less than 10% of WON to support the maintain of all weblock system include people/Serve/community users etc etc.
But we believe through WON, it’s achievable, and we will invest in different projects rather than put all in 1 or 2 projects. We normally would have 4–5 invested project during the same time, in order to keep the risk at a very minimum chance.
You can check detail here:
https://medium.com/@WeBlock/the-weblockers-program-endless-journey-a1bd0a253aa3?source=social.tw
Tiểu Mai:
Question 4 : How profitable is WeBlock to sustain your project? What is your business model? How can you bring mutual benefits for both your investor and your project?
Mr.Abba Garba:
Great.. Well I think the most outstanding points for WeBLock is our products and Business we made since the first day we built up. Unlike many acceleration or blockchain project, which aim to build their Dapp or Main Chain in the future, WeBlock has built its products since the first day of born，hence we have already made profits from the first day.
Its’ still back to our core unique value preposition..
WeBounty, WePayU, WeAdmin, WeIXO, WeListing and WeLabs. Which I have extensively explained..
Tiểu Mai:
Question 5: how do you unite the Investor Partners and Community to become the strength of your platform? and How do you get users to believe that weblock is a high quality long term platform?
Mr.Abba Garba:
Well what we value most is the user experience of the product. In response to the matters asked by users last month, we have re-construction the WePayU Database and connect to WeBounty to the second time initialization, This will make it easier for our users to seamlessly switch between the two products webounty.io and wepayu.io, and have a smoother product using experience.
Furthermore, we also unified the login, judge, redirect and return method as same for two systems’ users. You are welcomed to experience the updated products. However, we will keep optimize our product constantly, and if you have any suggestion, feel free to let us know in the community.
Recently We have listed on the first exchange BW.com in the past month, and have maintained a 200% price increase in LaunchPad for two weeks, with a daily trading volume of more than 500,000 US dollars. At the same time, we actively applied to list on the world’s largest Cryptocurrency data analysis website: Coinmarketcap. Within 7 days, Coinmarketcap approved our application and having listed WeToken (WON). We shall be one of the fastest projects to pass Coinmarketcap review this year. Also FeiXiaoHao, Asia’s largest cryptocurrency data analysis website, also authenticated our data. Thank you very much. You can find us here:
https://coinmarketcap.com/currencies/weblock/markets/
https://www.feixiaohao.com/currencies/weblock/
We also signed cooperation with
1. BitWell, a cutting aged opition exchanges backed by world class funds.
2. Bosagora, contribute to making a better world with blockchain technology as a project enabler.
3. Kingswap, the newest decentralized finance liquidity pool platform.
4. Walletreum, a lending and borrowing farming system.
5. Qian Protocol, an all-round stablecoin protocol.
Part 3: All members can ask anything directly about WeBlock
Question 1: Please explain in more detail about WeBlock what is the background of this project? and when was it established?
Mr.Abba Garba:
Question 2: What was your Motivation to build Your Project ? and what is your vision and mission now?
Mr.Abba Garba:
Bringing value and services to the people.. Pls. you can check our website for detail… weblock.vip
Question 3: Do you plan to build partnerships with local cryptocurrency developers and local project in each country to make the use of the token more global?
Mr.Abba Garba:
Sure it’s on our plan you can keep tracking on our platforms and our main group.. for the update..
Question 4: I read on their website that “WeIXO” links projects with high quality investors in the WeBlock ecosystem, this means that do those investors get user data? or is this just owned by weblock?
Mr.Abba Garba:
We are very careful in compromising with our users privacy..
Question 5: There are so many projects that only exist for a moment and die on the road; traumatizing investors with new projects. Question: how can Your WeBlock Project survive; continue to grow & in what ways do you convince investors that this project is very promising?
Mr.Abba Garba:
WeBlock built for a purpose we have a very concrete business model.. Our main aim is that we are not just like other project who follow the hive of ICO/tokens we carefully have a very competitive advantages that our users or investors will get ROI.. A part from our biz services offered we also invested in a very promising projects for long-term return and sustainability.. Pls. you can check out this link for derail…