Pigzbe (WLO) ICO Review – ICO Token News
Our goal is to help children and their families learn the principles of 21st-century finance through cryptocurrency savings and hands-on play. Financial literacy will be an important 21st-century skill, and finding ways to introduce earning, saving and managing money principles at a young age will help children begin to develop these necessary skills. Pigzbe is a part physical and part digital piggy-wallet for children aged 6 and up, powered by Wollo, your child’s first cryptocurrency.
Think of Pigzbe as a friendly, tangible financial assistant that will teach children the principles of modern money in an exciting and safe system that harnesses children’s natural drive to learn through self-correcting, practical experimentation. Wollo is Pigzbe’s native token, and when used with the Pigzbe digital wallet and a physical device, provides an effective, age-appropriate learning experience for children, while enabling families to come together as microfinancing networks.
What is Pigzbe?
Pigzbe is a decentralised application that allows people to create their own enclosed, autonomous financial networks and to exchange money within them. Decentralisation means that no central authority is needed for operation. Anybody can participate and the degree of decentralisation increases as the number of independent participants grows. The complexity of linking existing banking systems causes delays and inefficiencies which increase costs to a level that limits practical minimum transaction sizes.
By employing distributed ledger technology, we circumvent the current convoluted, centralised global payment infrastructure, creating efficient and trustless networks. The back-end code that powers the DApp runs autonomously on the decentralised network, rather than on centralised networks such as cloud hosting. The DApp builds on the core technology through Smart Contracts and User Interfaces in order to provide some utility.
The solution is Pigzbe, a connected physical and digital piggy-wallet, supported by Wollo, a decentralised cryptocurrency for families and children aged 6 and up. Enabled by Wollo, the Pigzbe experience (Token + App + Hardware) is designed to replace physical money normally stored in a traditional piggy-bank with a digital alternative that caters to modern globalised families while maintaining all of the important kinesthetic benefits of learning through hands-on play.
We’re reinventing the piggy-bank by transforming it into a piggy-wallet. Think of Pigzbe as a tool to support parents in teaching children the principles of earning, saving and managing money in an exciting and non-threatening way, while providing them with an entry point into the world of cryptocurrencies.
Wollo Utility Token (WLO)
Wollo is the Pigzbe network’s native token, and it enables the saving and playing experience within our application. A specific community can be built around Wollo, connecting children with family and loved ones. Wollo ownership fosters and reinforces a higher level of affinity with the Pigzbe application and significantly increases the strength of network effects, promoting user growth and loyalty. Generating our own token ensures Pigzbe users are the ones in charge.
Following acceptance from the Swiss Financial Market Supervisory Authority (FINMA), Wollo is planned to distribute part of its decision-making process in the project amongst the community of users. Holding Wollo would then entitle users to suggest and vote on proposals for the project development roadmap, helping make decisions on which new features to implement or discard. Supplying our own token also allows for the development of strong network schemes that promote dissemination and sale of Pigzbe devices, the proliferation of family networks, and the use of Wollo.
A secondary market will allow users to buy and sell tokens without having to go through credit cards or other banking institutions. Wollo tokens will be tradable on the SDEX decentralised exchange. SDEX is a distributed exchange, built on distributed ledger technology, providing transparency and safety not possible with privately controlled centralised exchanges. It will be possible to exchange Wollo with an ever-growing list of currencies through SDEX.
Digital currencies, including BTC and ETH, are supported along with fiat currencies such as JPY and EUR. An increasingly wide range of digital and fiat currencies will be supported as the network expands. Pigzbe will pursue and fund listings for Wollo on established, reputable exchanges across the world. This will serve the dual purpose of increasing liquidity and raising the profile of Wollo ICO tokens.
The Pigzbe app is built using modern open-source technologies. All code is developed in public view in our GitHub repository and, as such, is open to public audit and contributions. The use of the React Native framework for iOS and Android apps and Electron for MacOS and Windows versions means there will be one core codebase across all platforms, helping to ensure both the security and consistency of the experience. Releases will be certified and published through the relevant app stores for each platform, ensuring integrity and easy access to updates.
The front-end of the Pigzbe app comprises the Pigzbe hardware wallet and mobile and desktop apps through which users can perform all actions. The app provides a view of the state of the family’s network and tools to mutate that state via transactions and smart contracts.
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- Filippo YacobFounder & Chief Executive Officer
Forbes 30 Under 30 2017 Alumni, co founder of Primo Toys and creator of Red Dot Award Winning and Montessori approved Cubetto, a coding toy sold in 100+ countries.
- Adam AmosFounder & Chief Operating Officer
10+ years across operations, design, strategy and innovation. Adam has led teams at Native Design and Method Inc, working for companies such as Bowers & Wilkins, The Economist and VEON.
- Jon MarshallFounder & Chief Experience Officer
Designer who has worked on some of the world's most innovative connected products like the Kano Computer, the Kano Pixel Kit, and the SAM Labs IOT system. Jon is also a partner at Pentagram Design.
- Cat Le-HuyChief Technology Officer
Experienced technology executive. Previously Head of Technology at Finalogic, Tribe & Sapient, and as an engineer at ABN Amro and Betfair.
- Hugo ShelleyFounder & Head of Hardware Engineering
Experienced engineer. Previously developer of hardware and firmware for some of the world’s most exciting projects, including those for NASA, Google and Primo.
- John GalpinFounder & Head of Marketing
Brand & digital strategist with 20+ years of enabling growth for scale-up businesses. John is also co-founder of award-winning agency Structure.
- Matt Irvine BrownInteraction Design Lead
Interaction designer, game developer and prototyper. Previously Matt spent 4 years at Apple in the experimental human interface design department.
- Ian McGregorHead of Software Development
A full stack developer with over 20 years experience leading development teams on high-profile projects for Google, Nike and Pokemon Go.
- Daniel DiggleDigital Product Design Lead
A multi-disciplinary creative covering design, animation and game development. Has worked with Google, Adidas, Chanel and more, crafting digital products.
- Rhea ConwayHead of Media & Communications
An experienced marketing professional Rhea has worked for scale-up businesses in Xavier Niel's and Accel Partners portfolios and global businesses including Dell EMC and Fidessa.
- Richard WilliamsFounder and Head Commercial Strategy
Digital Banking Strategy and Innovation specialist with 10+ years experience supporting blue-chip businesses and start-ups including Visa, Barclaycard, RBS and PayPal.
- Phillip NunnCommercial Advisor
Founder and CEO of The Blackmore Group, a multi-asset investment house. Phillip is also a well-known, online influencer in the blockchain and crypto space has advised multiple successful ICOs.
- 1Concept development
Q3 - Q4 2017
Problem and solution for a 21st century piggy bank signed off.
- 2Pigzbe Ltd registration
Team assembled. Development operations officially begin in London.
- 3Design & development
February - March 2018
First prototypes produced in the United Kingdom to validate design.
- 4Pigzbe SA registered
Swiss company registered in Chiasso, Ticino as commercial HQ.
- 5Website and whitepaper released
Wollo token whitepaper and website released to public
- 6DFM completion
April - May 2018
BOM lockdown and supply chain set-up process begins.
- 7Manufacturing ramp up
June - December 2018
Ramp up to mass manufacturing through EVT and DVT runs.
- 8Game development
July - December 2018
Continuous game development/testing released iteratively
- 9Pigzbe beta app released
Pigzbe mobile application and game released to the public.
- 10Public token sale
Wollo public launch, crowd-sale and token distribution.
- 11Exchange listing
Wollo token made tradable through key exchanges globally.
- 12Device certification
Jan – March 2019
Device tested & certified ahead of distribution to launch regions.
- 13ICO units delivery
April - June 2019
All ICO purchases and pre-sale units are shipped to the public.
- 14Retail launch (UK, JP)
Q3 - Q4 2019
Official product launch through selected retailers for first season.
- 15Global expansion (US, KR)
Operation scale-up and localisation to additional regions
- 16New products & features
New products and services added to Pigzbe ecosystem
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