WeBuy takes over the monopoly of the advertising giants and gives the power and the money back to the buyer. In effect, we are enabling SMEs to promote their products and services to those interested, quickly, simply, and at minimal cost.
It is based on two main concepts:
- Sellers pay to communicate with buyers who have expressed interest in specific products or services. Buyers receive a share of the advertising fees that have been paid for by the sellers. This results in a true win-win for both parties involved.
- Buyers are able to recruit sellers into WeBuy in order to establish their very own Buyer Referral Network (BRN).
Blockchain technologies provide WeBuy with full transparency and reliability. WeBuy will be completely open source and will operate autonomously with no entity controlling the majority of its tokens. Its data and records of operation will be cryptographically stored on a public decentralized blockchain.
WeBuy will generate tokens, set criteria, and distribute utility tokens from day 1. WeBuy will adapt its protocol in response to proposed improvements and market feedback based on a majority consensus of all WeBuy users.
The combination of decentralized ledger and a user-friendly application/marketplace creates a self-sufficient ecosystem. The WeBuy platform allows for the verification and confirmation of ownership for sharing revenues.
The WeBuy sharing model will be implemented as a Smart Contract. Transactions are verified using cryptography asymmetric keys. Sellers will be fully confident that the advertising they pay for is seen only by interested buyers.
The WeBuy Platform combines its core components across the Public Stellar Network and the WeBuy blockchains. The platform will link or interoperate between these chains. WBY Tokens will form an integral part of the main Stellar network – enjoying all the benefits it offers, including fast and cheap transactions.