$WaBiToken Summary

Hey Reddit, I wrote this brief summary on WaBiToken for my Discord server. If you would like to join my server to discuss Redditors are more than welcome! https://discord.gg/ChcZxDa

WaBi is a new currency to have hit the Binance exchange, known for listing extremely succesful coins early on such as WTC, ADA, SUB & IOTA among others. Unfortunately due to how recently this coin has been listed, there is little data for me to draw physical charts on the coin. Let's analyse briefly what Technical data is available.

WaBi is currently trading at $2.06 (https://faaf.me/a635c754) with a market cap of $93M, and a whopping 24hr trade volume of $18.5M USD. Let's compare this to a similair coin in terms of trade volume, TenX, which has recently seen success & is definitely not trading outside of its regular volume. $22.7M trading volume in contrast to it's $371M million market cap.

WaBi in this regard has 4x the potential for profitability in a short term view point in comparisson to TenX, which is one of my largest current holdings & have charted heres it's recent success in the past. Alright, so what is WaBi? WaBi was a recent ICO (Which sold out), available at $0.25 a pop. Fuck wouldn't that have been great? WaBi is the World's first crypto coin that engages consumers to combat counterfeits. They also have a unique rewards system for users, including discounts, improved delivery terms, bonus WaBi points with every purchase.

The information regarding the ICO was found https://icobench.com/ico/wabi, and is worth noting that this ICO review website (ICO Bench) has WaBi listed as the second highest Health & Manufacturing standard ICO.

What is WaBi actually distributing? Their target is the pharmaceutical industry, via their protection product known as Walimai label which is both a digital, and physical scanner, allocated a unique password to each scanner. These scanners are used to detect counterfit duplicates of products like Alcohol & medicines, and most importantly (regarding China's large formula problem) BABY FORMULA.

WaliMai technology is already in use & has been since August this year in China. You can see videos on their Website regarding their development of WaliMai which began in 2014, and also videos of examples of fake beer manufacturing in China & the distribution of Baby formula with their WaliMai label scanner. Anti-counterfit technology is NEEDED in China. To the Western man I understand why one would overlook this project, but WaBi has HUGE potential. Here's a video of WaBi in use.