Dear weBloc supporters,

I’m more than pleased to make the announcement of new listing of WOK tokens. We all know it has been a while since weBloc team made the plan to go on to the next exchange after listing on VELIC.

To the moooon!! [Source: crypto-graphics.com]

The very second exchange for listing weBloc is PROBIT KR.

PROBIT (KR) Exchange (PROBIT Kr)

Since 2019, the crypto winter has not ended yet. So many exchanges have failed due to various reasons: low profitability, internal disputes, legal issues, and so on. The weBloc team had to have deep thoughts about which exchange would be the best fit for weBloc having a long-term partnership.

In addition, weBloc had needed an exchange where new users can buy cryptocurrencies with Korean Won. The blockchain-based advertising platform weBloc is making needs to be connected with real-world businesses and it is the key to a decentralized advertising ecosystem. If the value of WOK tokens cannot be recognized with fiat-money standard, it would be difficult to make contracts with advertisers and partners. Users would have difficulty directly understanding the reward system and the value they can get from weBloc’s services.

PAYWOK — WOK token-based reward advertising application (PAYWOK)

JUBJUB — Reward service for being exposed to advertisements and visiting cafes

PAYWOK would be the perfect example of the reason why weBloc needs to have a KRW-pair market. From the very beginning, weBloc’s token economy is designed to build a protocol where advertisers use WOK tokens to launch advertisements and give more of the values created back to users. It would be very important to help users understand the value of WOK tokens intuitively so that they can see how much value they can receive.

JUBJUB is also a service providing token-based rewards to users for being exposed to advertisements and visiting cafes in JEJU Island. Cafe owners and users can recognize the value they can give and get intuitively if there’s a standard showing the value of WOK tokens.

The Korean National Assembly is enacting the legislation related to cryptocurrencies. (Mar 5th. 2020)

The changing legal environments was also to consider. According to the Korean government’s decision, the entire ecosystem of crypto exchanges must be influenced and weBloc team needed an exchange partner who had been well prepared for such potential changes. In this sense, PROBIT has had a strong legal background as the CEO was a partner lawyer of KIM&CHANG, the biggest lawfirm in Korea while it had been well prepared for legal issues, making a good partner that could meet the needs weBloc had.

….And one more thing

ICX will be also listed on PROBIT together with WOK tokens on PROBIT!

ICON Foundation decided to support weBloc expanding the ecosystem.

weBloc is a well-known DApp of ICON, the very first DApp using SCORE — ICON’s unique smart contract system — to issue the tokens. I appreciate ICON’s decision to list on PROBIT together with weBloc to support its DApp project.

All efforts and hard works of weBloc eventually contribute to the growth of ICON ecosystem — listing on PROBIT would be another step forward letting more crypto users know about weBloc and ICON.

Listing Date

3 p.m. Mar 10th, 2020 (KST)

Update for IRC2-based wallets (WOK & ICX)

12 p.m. Mar 10th, 2020 (KST)

I’d like to express my sincere gratitude to all supporters of weBloc. The team will do the best it can.

Sincerely, weBloc Team