Fun Facts About WisePASS Token

WisePass’ One-Stop Altcoin is about to make things interesting

WisePass
WisePass
Published in
5 min readJun 6, 2018

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WisePass is about to begin its public sale and this article is to highlight just some of the special features that not only benefit consumers but also WisePass partner venues and brands. Here are a few of the reasons why PASS tokens offer an exciting future for WisePass’ community and the crypto-world in general.

Special Offers

Any PASS token holder will be able to purchase the valuable WisePass membership at half the cost of using fiat currencies.

Purchases at WisePass partner venues using PASS tokens are afforded a 20% discount to help boost and reward real-world purchases using crypto.

Participants who contribute 20 ETH to the sale, not only enjoy their enormous amount of PASS tokens to be used in a variety of different ways but also receive a Premium WisePass membership for an entire year.

Crypto Payment Facilitation

When making purchases with PASS tokens, every step of a transaction and transfer of ownership will be recorded on the Blockchain. As WisePass has partnered with medium to large-size businesses, it is imperative that crypto-payment facilitation is as reliable as possible. Blockchain technology is tremendously beneficial for this as a powerful and secure ledger for transaction review and collection. This all helps to streamline important and necessary information from WisePass’ partner venues.

Reliable Data Collection

Proving the ROI of marketing activities can be really difficult. This is made even more apparent when talking about brands selling in the offline-world. Partnerships are often made with venues however the numbers that come out of these campaigns are more so estimates than anything with any degree of accuracy. This has put increasing pressure on company’s marketing and finance teams to focus heavily on data to see what actually generates traffic and most importantly — sales.

With WisePass adopting blockchain ledger, partner brands such as Moet-Hennessy will find comfort in the consistent reliable nature of the transaction data recorded. Neither WisePass nor the outlet will be able to change or modify the information and therefore the records accessed will be much more objectively factual than the current human-focused collection process. Brands will be able to know with complete accuracy who the buyer is, which bottles are most popular, what day, and even the hour their product is most often consumed.

Multiple levels in the supply chain of the HORECA industry will be required to record accurate and fixed data, revolutionizing the poorly designed data capture methods typically used today. An ongoing issue that market research companies like Nielsen, Kantar, comScore, and others can attest is an area requiring drastic improvement. Blockchain will remove as much of the mistake-prone human side of the data input process as possible in favour of smart assets, and direct measurement tools.

WisePass will be using this technology to capture data in the most reliable way possible which is then able to be packaged and used by research agencies hired by international brands for more accurate consumer information. This helps to provide a quantifiable ROI to partner brands quickly and across multiple countries and markets in real time. That has always been the vision of Wisepass — to build a platform that seamlessly makes life easier for users, brands, and marketers.

The integration of technology to our daily lives has been making a steady progression for the past century. WisePass leverages innovations in mobile technology to provide tangible real-world benefits for everyday life.

Innovative Technology

Currently, there are ICO’s such as REQ which promise to adapt cryptocurrencies to real world application however these are payment systems that require merchants to first be willing to accept cryptocurrencies. They have yet to establish partnerships with real brands and therefore they are gambling on the possibility that companies such as Amazon will replace their current PayPal model for new untested technology.

Wisepass is different in that it is operating in the here and the now. They are buying the products from partners using either fiat or cryptocurrencies, depending on the partners preference, and this allows users a guarantee that their purchases will be accepted. Wisepass members will be able to utilize their PASS tokens at certified Wispass merchants (merchants or companies that are part of the Wisepass membership platform) to purchase the items they wish. This is just the first step before integrating the technology that will allow ‘uncertified’ merchants to accept PASS tokens as a form of payment.

A similar technology in the works is Crypterium, a decentralized cryptobanking system, which promises to be more cost and time effective than the current banking system. Ripple (XRP) is another cryptobanking service that similarly focuses on a payment system that utilizes cryptocurrencies as an alternative to traditional fiat currencies. These companies are mainly focused on technology. Wisepass is as well however it is also focused on creating the supply — the necessary business development needs. This is a fundamental and often overlooked factor that aims to leverage WisePass’ existing technology before implementing its developments of large scale systems.

AI-driven Recommendation System

Another differentiating factor that has been chosen as a point of focus is a recommendation system using advanced algorithms to ensure that individual members have a unique and personalized experience based on previous uses, consumer demographic preferences and other related information deemed valuable in this process. This is another departure from the services to be offered by cryptocurrencies such as Ripple and Crypterium. WisePass’ system will not only allow users to purchase items using PASS tokens but its system will even anticipate the wants and needs of each individual consumer.

WisePass is available on both iOS and Android. Download the app and try it for yourself.

For more information including a link to the latest version of the whitepaper, check out: http://ico.wisepass.co/

To keep up-to-date with the latest news and information and gain access to the team, be sure to join the discussion at WisePass’ Telegram.

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