Wabi WABI

What is Wabi?

The Wabi crypto ecosystem brings together consumers and brands, making possible a transaction that is transparent, equitable, and kept private in all of its aspects. The Wabi team has developed one of the largest databases of packaged consumer goods in the entire globe. The native token of the platform goes by the same name – WABI. Care to see the live WABI price? Check out the Wabi price chart above.

Consumers who take part in the ecosystem are rewarded with WABI coins and have access to a variety of resources that have been developed to help them make more well-informed decisions on their consumption.

The Wabi token is redeemed by customers in a specialized marketplace where they can buy thousands of one-of-a-kind goods sourced from all over the world and have them sent directly to their homes.

Participating businesses, on the other hand, are able to receive one-of-a-kind information on customer behavior by using Wabi tokens. This provides the participating brands the ability to make better marketing and strategic choices. In addition, the brands provide consumers with WABI as an incentive to collect fresh data, which paves the way for expedited testing of hypotheses and iteration.

Wabi believes that blockchain technology has the potential to revolutionize many aspects of people's daily lives, including how they manage and store data about their financial history. Thus, the project provides users with such services as:

• Credit Scoring. A team of experts is dedicated to creating innovative solutions for credit scoring, using blockchain technology to create a more secure and reliable system.
• Decentralized and Secure Data Storage. The credit scoring system uses blockchain technology to store and manage user data in a secure and decentralized way, making it virtually impossible for hackers or other malicious actors to access this sensitive information. 
• Integration with Financial Institutions. The system is designed to be integrated seamlessly with existing financial institutions so that users can easily get the credit they need for their businesses or personal lives. The Wabi price plays a critical role in it.

Overall, Wabi seeks to be a secure, reliable, and user-friendly credit scoring system that leverages the power of blockchain technology. 

Who Founded Wabi?

Alex Busarov and Yaz Belinskiy were behind the launch of Wabi in 2013. After meeting for the first time in high school, these two went on to seek jobs in consulting with McKinsey and Bain, respectively, after graduating from the London School of Economics.

After working on several significant cases in the Consumer Goods industry, the two became persuaded that there should be a more efficient way to conduct marketing. They realized that the inefficiencies in the FMCG industry, which frequently resulted in risks to the general public's health, were completely solvable with the application of technology and a dogged determination to find a solution.