Tael (ticker WABI) is a digital token used in the Tael ecosystem of verifiable safe consumer products.

Consumer goods inside the ecosystem are secured from counterfeit attempts through banking-level, tamper-proof NFC smart-labels, which are linked to their digital representations on the blockchain. Consumers touch the label with their smartphones to verify a product’s authenticity, discover the product’s journey along the supply chain and are rewarded for their purchases with the Tael token.

Tael is used as a payment method across the Tael ecosystem and its partners, with tens of thousands of mainstream users throughout China.

Tael (WABI) is an Ethereum-based token supporting Tael’s anti-counterfeit ecosystem. The Tael anti-counterfeit labels link digital and physical assets through radio-frequency identification (RFID) with anti-fraud protection. Consumers can verify the authenticity of products in the Tael ecosystem using their smartphone and are able to purchase products protected by Tael technology with WABI on the Techrock marketplace. Users are also rewarded with WABI tokens for using the Techrock safe channel, for example for scanning products or referring new customers onto the platform.

Team:

• Alex Busarov: Co-founder, CEO. 
• Yaz Belinskiy: Co-founder. 
• Edward Tsang: CTO.
• Kitty Xu: Marketing Director. 
• Chi-Tung ‘Duomo’ Pan: Sales Project Manager. 
• Danjie Hu: Project Manager. 
• Wouter ‘Walt’ de Hoogd: Social Media and Community Manager. 
• Zhu Fang: Customer Support Manager. 
• Artur Pinchyuk: IT lead. 
• Roman Tronenko: Mobile Lead / Blockchain Architect. 
• Dmitry Korzhik: Blockchain Development Engineer. 
• Vadim Mischim: BD Director, Oceania.
• Yasuhiro Takayama: BD Director, Japan.

Tael held their ICO between November 1^st and November 28^th, 2017. It ended with USD $11.50 million in funds raised, the full amount available under the funding cap. The ICO token supply represents 46% of the total token supply, so there will be a total of 46,000,000 tokens available at the offering. WaBi is adopting a bidding system in the ICO. WaBi's ICO campaign will feature Escrow service, and the token will be mineable.

Token Reserve Split (54%):

• 8% Team and advisors;
• 35% reserved to be delivered to consumers through the mining process.
• 11% Pre-ICO.