After months of working on the most minute details of the platform and token of Weriz, we are finally releasing its token distribution details.

As of May 2019, 80 million Weriz tokens, WRZ, will be released on Ethereum platform and they will comply with ERC20 standard. Having this standard ensures the compatibility of WRZ token with third-party services and its easy integration.

WRZ is a utility token, which indicates that it is used as a means to facilitates interactions and transactions between Local businesses and their to-be-customers. If you are new to our Project, read the following post as an introduction to what value Weriz will bring for its users:

Weriz, What You’re Looking For

Here is the Token Summary of Weriz:

In the following diagram, we explain the bonus structure of Weriz token sale which is as follows:

Initially, 5 percent of tokens will be sold with a considerable 40 percent discount. Then, 20 percent of tokens will be sold with a 20 percent discount and finally, the rest of tokens are going to be sold at the full price, that is $0.25.

Note that since tokens are going to be bought with Ethereum, the price of Ethereum will be set on the launch date.

As for the Token Distribution, the diagram below demonstrates how tokens will be allocated among different groups. The notable section of Community and User Growth to which 25 percent of all tokens are assigned, will be done this way: People from all around the world can sign up in Weriz application and submit local businesses within their locality and earn tokens for every verified business they have submitted in return. The other sections are obvious and require no further explanations.

And the budget Allocation will be as follows:

The major part of the budget will be allocated to the development of the application, which will include 40 percent of the budget. The second biggest part of the budget will be spent on Marketing and Expansion of the application, that will be 35 percent of the budget. Of the 25 remaining percentage of the budget, 10 percent will be dedicated to the Administrative (legal and operational) tasks, another 10 percent will be dedicated to the contractors and outsourced tasks, and 5 percent will be reserved for the contingencies(unpredicted expenditures).

You can find out about the dates and any updates regarding our sales by subscribing in our newsletter on our website.

Another good news for those who follow our project, our whitepaper will soon be released and you can find out about all the untold details of the project (that makes it very exciting, even for ourselves) in the near future. So, stay tuned and follow us on social media to be the first to find out.

https://weriz.app