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Blue Whale ICO Overview

blue whale ico

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  • There is a three year vesting period for the team, with each year subdivided into smaller periods where funds are released.
  • This permits those provinces to offer the same contribution-based reward and employment benefits to the freelancers on their own sub networks.
  • We will also bring you the exclusive interview that we conducted with Sophie Hall, the head of Global Operations.

White labelling is a process that is used with many centralized business models where a larger organization provides the technology to a smaller business for a fee. In this case, those smaller businesses are the decentralized provinces. This will be done by installing a range of tools and SaaS applications on other networks and social media accounts. These will operate as a “node” of the Blue Whale network which will do the job of collecting the data.

Blue Whale Foundation Review: Our Interview with the First ICON ICO

They would not support a project without potential, which is a good sign. It consists of very different profiles such as engineers, experienced entrepreneurs or freelancers who have worked for companies such as NASA, Samsung, Oracle, Sun Microsystems and the Olympic Games. We urge you to do your own research but, based on our analysis, this project does seem like it could be a prized possession in a well-diversified crypto portfolio. Given this federal structure of the ecosystem, there has to be some voting mechanism that will handle matters that affect the entire network. In order to collect the referral data and most appropriately analyze it, the Blue Whale foundation will make use of big data and machine learning. They will also take the user data privacy very seriously and will release their data protection policies in due course (more on this below).

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The CAM was designed to make sure that these rewards were evenly spread throughout the broader Blue Whale ecosystem. It is well known that those workers who sell their services in the Gig economy are viewed as nothing more than a commodity and can be driven down in price to the lowest cent. The service providers such a Fiverr, Uber and TaskRabbit charge exorbitant commission rates. The token is the defacto currency of the platform, used to pay for gigs, benefits, and verification – which is where the work done by a freelancer is “verified” by a third party. ICO Listing Online is an independent ICO rating and listing platform and a blockchain community with increasing users daily.

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These province may also choose to issue their own token to raise funds through ICOs — of which, 10% will be kept as a reserve with Blue Whale. If not, they must purchase 10% of their valuation worth of BWX tokens at the prevailing exchange rate. Given the extent of questionable ICOs that have been raising funds lately, it is great to see a project with such highly esteemed developers and leaders. It makes an investment case more compelling when you have such dedicated team members. Blue Whale is no doubt one of the most interesting cryptocurrency projects. Decentralisation is one of the only ways that power can be given back to the freelancers.

blue whale ico

The foundation will be raising funds and building on top of the ICON blockchain. A decentralized ecosystem for the self employed that allows all participants to engage in a sharing economy and receive fair rewards. Rather than building something completely new, the project is taking an existing business called Verlocal Pro, and pivoting it to blockchain.

ICO Analysis — 5 reasons why you should have a look at Blue Whale Foundation

Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. Posting the latest news, reviews and analysis to hit the blockchain. For example, one of those applications is the booking software widget and the booking ad widget. In this comprehensive Blue Whale review we will take a look at the project and its technology. We will also bring you the exclusive interview that we conducted with Sophie Hall, the head of Global Operations.

Below is an example of the white-labelling of dApps to the provinces. This has profound implications for the small businesses as it will allow them to quickly create their own sub network with the technology and benefit from the broader network. This is the central repository that will hold the BWX tokens that are due as rewards to the participants on the platform. This ReBa will initially be funded with 20% of the proceeds from the public sale of the ICO. Bluewhale Foundation is an interesting cryptocurrency project in that it is the first one of its kind.

About Blue Whale Token Sale

More specifically, each node on the network will keep track of all the transactions as well as an updated record of the amount of funds that are in the Rewards Bank (ReBa). Making use of advanced cryptography, the network is kept safe from external bad actors. It works by collecting specific user ev ebitda high or low data in order to best develop a decentralized advertising network. You can think of it much like a decentralised version of Google or Facebook’s ad network. On the Blue Whale platform, there are a number of contributor activities that can generate returns for those that are involved with it.

blue whale ico

We love the idea of being able to pull out an application and order a driver at the tap of a button. We love the idea of being able to hire a freelancer on the other side of the world for virtually nothing. In order to power the Blue Whale ecosystem, a native token called the Blue Whale Exchange (BWX) will be used. This is currently being sold to investors through an ICO that is about to open its doors to the Pre-sale stage. This is a relatively high hard cap which makes it harder for the project to achieve stellar returns. There is a three year vesting period for the team, with each year subdivided into smaller periods where funds are released.

Establishes ad network when providers install the booking ad widget. Provide windows for other freelancers to advertise products and promotions. Use visitor’s data to aggregate and create list of potential future purchases. Blue Whale aims to create a better freelancer and gig economy platform. This offer is based on information provided solely by the offeror and other publicly available information.

  • This offer is based on information provided solely by the offeror and other publicly available information.
  • It makes an investment case more compelling when you have such dedicated team members.
  • Given the extent of questionable ICOs that have been raising funds lately, it is great to see a project with such highly esteemed developers and leaders.
  • Given this federal structure of the ecosystem, there has to be some voting mechanism that will handle matters that affect the entire network.
  • If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact with detailed information about your concerns.

Each province can use a white-label DApps (provided directly by Blue Whale) feature their own CAMs, DANs, and an access to ReBa, which are powered by the Blue Whale blockchain. This permits those provinces to offer the same contribution-based reward and employment benefits to the freelancers on their own sub networks. This is all done while keeping a degree of autonomy over their own province and the freelancers within it.

Taking on some of the biggest names in the industry such as Uber, Fiverr and AirBnB, Blue Whale wants to knock down the centralised barriers that have built. Only when the Gig economy is truly based on decentralised technology can the participants benefit. ICO Drops is an independent ICO (Token Sale) database and is not affiliated with any ICO project or company. Our Interest Level does not constitute financial or investment advice. The most comprehensive ICO-Rating which is regularly updated with new projects and up-to-date information. There are some risks with this project as it is going up against stiff existing competition, and their marketing needs some improvement.

There are also a raft of high powered advisors in a number of different industries. Not only will their knowledge help Blue Whale scale but their current businesses could benefit from the Blue Whale ecosystem. They could, for instance, integrate their business operations as provinces. For example, there could be an initiative to change the savings rate that is going into the reward bank. In this case, a voting agenda will be agreed when 200,000 users on the platform support the addition of the voting item.