ICO Alert Quick Facts
- A next generation project ecosystem issuing new coins as projects join the platform
- Pre-ICO live, $1 per WeAre token
- 20–40% bonus during pre-ICO based on amount raised
- Pre-ICO: 12/15/2017–02/15/2018
- Coss.io is an advisor and strategic partner
What is WeAre Ecosystem?
WeAre Ecosystem is an all-in-one platform where you can easily get funded and will have much more rights\influence on the whole platform and not only on your project. For investors, it is a place to find reliable projects, a trustworthy team, and greatly supplied digital assets.
— George Galoyan, CEO of WeAre Ecosystem
Q&A with George Galoyan, CEO
ICO Alert: How does the ACO (Additional Coin Offering) function within the WeARE Ecosystem? Why is it better than a new project issuing their own new token?
George Galoyan: WeAre token is a multi-purpose token that may be used for funding and purchasing products\services of teams. May be exchanged for some other tokens.
Single tokens, in this case, are more reliable assets for investors because tokens are supplied not by the success of one project, but sales of products/services of all projects, which are WeAre ecosystem’s participants. It’s like S&P 500, but in tokens.
ICO Alert: What experience does the team have in project and client management, financial management, etc. that will ensure the WeARE Ecosystem project is a success?
George Galoyan: Our team has the skills to achieve the goals of this project. Our founders are:
George Galoyan — Worked in asset development of “Souz Marins Group,” and in preparations and management of building processes in structures which were preparing to build and hold the Olympic games in Sochi in2014. Took part in the development of franchise network X5 Retail Group. Owner of two asset management corporations.
Anton Vasilyev — The founder and financial director of the company, franchisee of the biggest Russian retail network X5 Retail group. The founder and CEO of investment management company from commercial real estate sector. Managed supply department at “Gazpromregiongas,” which was an affiliated undertaking company from Gazprom, (service and upgrading of gas pipelines in Moscow). Managed development department at affiliated undertaking structure (building and supply), which was one of the biggest building and engineering corporations in the Russian Federation. The company was an implementer of town-planning facility of federal significance.
Ivan Koshechev — Was involved in building of SAP corporate systems, creating of inner system interfaces for: Transneft, Alpha Bank, SAP CIS, Severstal, Atos IT Solutions and Services A/S, Rosneft, Gasprom, Metinvest, IBM EE/A, Rosatom, BDO.
We also have a support from specialists from different areas like marketing, web development, web design and community management.
ICO Alert: How does WeARE Ecosystem plan to achieve the network effect required for the ecosystem to be successful? Are their projects currently in the works to join WeARE Ecosystem after the ICO when the platform is ready?
George Galoyan: We already have more than 30 project requests, which are looking for funds. They have different stages. But most of them are on pre-seed stage, but teams look reliable and projects are available for completing.
The network effect will be reached by using single tokens for all purposes. And founders of all projects will be involved in managing WeAre ecosystem. Their votes will be valuable for accepting new projects in the ecosystem, so by that way the network option will be reached by these tools and dependence of other projects from another one.
ICO Alert: How does the algorithm function that decides which projects are accepted?
George Galoyan: The system doesn’t decide if a project is available to take part in or not. It just collects some data from forms and transfers it to participants, who are sectorally and geographically close to the applicant. Voting for accepting new projects is available for all CEOs of other projects. But the closest ones will have more valuable votes.
ICO Alert: As more and more ICOs are being launched, it may become more difficult to find investors. How will WeARE Ecosystem ensure that the projects working with them will be funded by investors?
George Galoyan: The success of other projects on our platform will increase incomes of investors, which will be available for investing in other projects. Investors from other areas will also be attracted by reliability and stability of our digital assets. By supporting projects from different areas, the investors from other areas will also join us.
ICO Alert: Does WeARE Ecosystem have competitors? If so, who are they, and what makes WeARE Ecosystem better?
George Galoyan: We can say that our competitors are KickICO, ICOBox, and probably other so-called “ICO Operators.” WeAre provides single tokens, which may be used for investments, payments, exchange, purchasing services and products, which are produced by our projects. The WeAre token may have additional emission, but teams will not produce their own tokens.
CPO approach is also a new concept for the ICO market. Projects, in fact, will be able to change everything and make it comfortable for own use.
ICO Alert: How far along is the project today and when can contributors expect to use the platform? What does the full roadmap look like for the rest of 2017 and 2018?
George Galoyan: Everything will be completed according our roadmap in our whitepaper.
ICO Alert: As a non-WeARE Ecosystem question, we like to ask for unique predictions for the ICO and cryptocurrency space in the future. Where do you see both in the next 3–5 years?
George Galoyan: The current condition of the ICO market maybe will exist something like one year. Not much more. There will be other ways of getting funds for projects. Like ACO, for example. But situations like it is today will be dramatically changed.
The pre-ICO began on December 15, 2017 and ends on February 15, 2018. There is a soft cap of $350,000 and a hard cap of $3,500,000. The base price per token is $1.00, with the following discounts:
First $1,000,000 raised: 40% discount
Second $1,000,000 raised: 30% discount
Third $1,000,000 raised: 20% discount
The ICO does not yet have a set date, but is expected to be Q1 or Q2 of 2018. There is a hard cap of $23,500,000 and a soft cap of $3,500,000 (including pre-ICO contributions). The token price will be $4 per WeAre token with the following discount levels:
First $8,000,000 raised: 40% discount
$8,000,001 to $14,000,000 raised: 30% discount
$14,000,001 to $18,000,000 raised: 20% discount
Token Distribution Information
There are a total of 1,000,000,000 WeAre tokens that will eventually be created, with 23,500,000 available across the pre-ICO and ICO. The distribution of tokens occurs in a unique way, with the WeAre tokens funding new projects within the WeAre ecosystem. Every time a new project joins the ecosystem, additional tokens will be issued as an opportunity for investors to contribute to this new project by purchasing WeAre tokens associated with the new project. The new projects use the WeAre tokens, they do not issue their own project tokens, so the new WeAre tokens issued act as an ICO for the new project(s) joining the ecosystem.
Exchange listing has been scheduled for Q2-Q3 of 2018 according to the team roadmap.
The full token allocation is as follows:
70%: Public (across the pre-ICO and ICO)
5%: Bounties, advisors, and partnerships
Use of ICO Proceeds
23%: Ecosystem and business development
George is an entrepreneur, blockchain innovator, and is an owner of two asset management corporations. He worked in asset development of “Souz Marins Group” and worked on the preparation and management of building structural processes for the Olympic games in Sochi in 2014.
Since 2007, Ivan has been building SAP corporate systems, creating the inner system interfaces for: Transneft, Alpha Bank, SAP CIS, Severstal, Atos IT Solutions and Services A/S, Rosneft, Gasprom, Metinvest, IBM EE/A, Rosatom, and BDO.
Before WeAre Ecosystem Nikita worked as a game designer, product manager and web developer across a variety of companies. Most recently she was the PR Manager for pdffiller.com.
For a full list of team members please visit the WeAre Ecosystem website.