As mentioned in previous articles, Pigzbe is a blockchain first digital piggy-bank that operates on Wollo, a family friendly cryptocurrency. This makes Pigzbe the world’s first piggy-wallet. Pigzbe and Wollo fundamentally replace physical piggy-banks with an alternative that fixes the massive issues presented by incumbent digital piggy-banks (no micro-transfers, slow, non global).

There is at least $1.2 trillion in cash floating around the globe, of which many millions, possibly billions, are kept in children’s piggy banks. On top of that, an average of $16 per week (Asia, US, Europe) is given to children by 400 million middle and upper-class families. The market potential for servicing these families as micro-financing networks with a token that delivers a practical, educational and social benefit is simply enormous.

Pigzbe is made up of 4 elements: 1) Wollo (WLO), a utility token that enables saving, learning and spending 2) A wallet, app and game for families and children that lets you manage your Wollo. 3) Pigzbe, a tangible controller and cold storage device that interacts with the app and game. 4) The Wollo Card, a payment card that allows families to spend Wollo in multiple currencies.

1) Wollo Token (WLO)

Wollo is the Pigzbe network’s native token. It allows parents and families to make transfers big and small securely and internationally within seconds. Wollo is the token that allows our microfinancing family networks to form and function, and, because networks need tokens to access the gaming experience, the more users there are in the world, and the bigger each family network is, the more demand for the token there will be on the open market.

2) A digital wallet and educational app

The app serves as a child’s first wallet, represented by an immersive, intuitive and nonverbal world where children can play, explore and learn. The more Wollo children save, the more engaging the world becomes, which encourages positive earning, saving and spending habits. The wallet itself is managed by the parent. It operates as a secure portal and allows parents to create a network of trusted family members, capable of sending funds to the child’s environment as gifts, recurring allowances and rewards for completing tasks and chores.

3) Pigzbe device for gaming and cold storage

The physical device is a notifier and game controller that connects with the app and engages children in a rich dialogue with Pigzbe through sound, haptics and visuals that enhance the saving and learning experience by taking it out of the screen and into the real world. As children outgrow the app, the device works as a well-designed and secure cold storage wallet comparable to industry standard devices like Trezor or Ledger in build, quality and safety.

4) Wollo card for real world spending

Through associated partnerships with card suppliers and exchangers, the Wollo Card provides an outlet for children and families to spend Wollo. Children can use their money on family outings and holiday trips with parental control. The card will include best-in-class pre-programmed and parental control restrictions, limiting its use across selected outlets. For example, it prevents the purchase of adult items such as alcohol, tobacco, online gambling and adult entertainment.

The Pigzbe ICO and Wollo token sale will be the first ICO in history to deliver a proposition with a tangible reward. From Montessori inspired kinesthetic learning, to habit formation, to platform building, the Pigzbe experience and the economics behind Wollo are tangible, and backed by both experience and facts, which we will cover in a future installment in this article series.

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