WEAVE-the universal cryptocurrency for virtual and augmented reality launches IEO on May 8th
The only completely independent app store within the virtual and augmented reality ecosystem and community, WEARVR, has picked ExMarkets Launchpad to conduct its token sale. The sale starts on the 8th of May, Wednesday, and will be divided into three bonus rounds.
Prepare for action — Visit ExMarkets to sign up today!
WEARVR is a uniquely and advantageously positioned app store of the virtual and augmented reality ecosystem and its universal cryptocurrency WEAVE-the backbone of the app store, integrated as a reward and payment system.
The IEO of WEAVE, conducted on ExMarkets launchpad, will take place from the 8th of May to the 30th of May. The bonus rounds separates the date range in 3 parts:
- Round I — 30% bonus: $0,07 (May 8th — May 10th)
- Round II — 25% bonus: $0,075 (May 11th — May 20th)
- Round III — 20% bonus: $0,08 (May 21st — May 30th)
When asked about why the project chose the fundraising method of an IEO, Nic Mitham, the founder and CEO of WEARVR commented:
“Completing our pre and public sales efforts via an IEO makes perfect sense for us because it gives the investor the reassurance that the token will have liquidity. In addition, as the token sale takes place on the exchange, it lowers our internal workload in areas such as KYC, allowing us to focus on our core existing business. We are already the largest and most respected independent VR/AR app store in the world, and we chose ExMarkets as a partner due to their excellent reputation and position within the global digital assets marketplace. We look forward to a long and mutually beneficial relationship.”
The app store of VR
The team of WEARVR set out to super-charge the largest and most respected independent VR/AR app store in the world with already over 3000 VR applications, by integrating the new token WEAVE. The token will be airdropped to all the users, with bonuses for site engagement (rating apps, commenting, recommending friends) and all applications will be discounted if purchased with the WEAVE token. On top of that, the token will give the community a voice on what’s created in the industry, allowing the community to fund exciting new VR projects, and an uplifting opportunity for content creators to raise funding.
The MRG (Mixed Reality Goods) market will allow creators, buyers and sellers to exchange digital assets, using WEAVE as the exclusive market currency. The team will create and manage this exchange, which will be blockchain-driven and supported by smart contracts to provide proof of ownership.
- Start date: 8th of May
- Token symbol: WVR
- Token price (after bonus rounds): $0,10
- Tokens reserved for IEO: 13, 333, 333
- Bonus: 3 rounds: 30%, 25%, 20%
The team of WEARVR has a long-standing relationship and a strong reputation with the users (mostly gamers) and developers of VR/AR apps as well as a growing number of VR/AR headset (HMD) manufacturers. They have a clear vision and a defined plan to leverage their market position to introduce the de-facto cryptocurrency to power the entire ecosystem and utilise blockchain protocols to drive increased usage of VR/AR, create new (and needed) content, reduce copyright theft and super-charge new business models.
To participate in the WEAVE IEO and stay up to date with other upcoming exciting projects, make sure to sign up an account in advance!
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