Whatsonpic is using blockchain technology and smart contracts to ensure transparency and protection for stores and buyers through a photo app. The CEO, Semen Kakaulin, will be discussing the WhatsOnPic project in this interview.
1) Please tell us about yourself?
My name is Semen Kakaulin and I’m CEO of WhatsOnPic. I’m a technology-driven serial entrepreneur, investor and advisor with over 15 years of experience in startups, private, venture-funded and public companies. For the last 4 years, I’ve been involved in explore blockchain technology and developing ideas that allowed me to start WhatsOnPic project.
2) What is WhatsOnPic?
WhatsOnPic is a unique platform that will create a more immediate connection between stores and buyers through photos. It will allow consumers to bridge the gap between online shopping and social browsing by tapping an image to instantly make a purchase.
By tapping the desired product in the picture, the user will see more information about the product and get links to the stores to proceed to purchases. In addition, tagging the products in the photos provide users with cashback rewards. When a purchase takes place, the publishers of the photos will get a reward from the purchase made through their posts. To make our users enjoy their shopping experience, we create a simple and intuitive website with the user-friendly interface so that they could track their rewards and revenue.
3) What are the Major Features and Services provided by Whatsonpic?
WhatsOnPic will let users tag any photo on the Internet and social media networks with the iOS, Android applications as well as with browser extensions. Artificial intelligence algorithms will allow recognizing the products in the photo as well as all the duplicates of this photo on the Internet. As a result, every user seeing either such a photo or its duplicate will find the tags which shown in the picture and thus can make a purchase.
4) What is the technology behind Whatsonpic and at what stage is the development?
We strive to create an easy and more enjoyable experience for our users allowing them to receive rewards around the world from thousands of stores. To do this, we made a simple and intuitive website, as well as a user-friendly interface to track their rewards and revenues.
We have chosen the Ethereum since it has a unique ability to use smart contracts and can reduce the cost and time of verifying the transaction authenticity and delivering cash to the participant’s account.
We will integrate the blockchain to our service. This will allow us to implement a mechanism to speed up the calculation of the affiliate rewards and stimulate our publishers, providing them with a token that has a real supported value and can be traded, redeemed and used by clients with the ERC20 wallet.
5) Tell us more about the WhatsOnPic app and how does it work.
Currently, we have a ready-to-use iOS application that is compatible with iPhone, iPad, iPod touch and Apple iWatch. This application is mostly aimed at the publishers of the photos who are able to tag the products to get cash back and discover new trends in the market. Using our app, users can create their own store from the photos they post. What really matters is that they don’t need to have the stock of the goods. All they need is their photos. Our AI algorithms will recognize the products in the photos and customers will be able to find them in our database of online stores. The publishers will get cash back every time the purchase takes place through their photos.
To make purchasing more convenient for customers, we developed web client and working on desktop extensions for Chrome, Firefox, and Safari browsers. This extension will automatically inform users about the products shown in the photo and our user-friendly interface will make our users enjoy their shopping experience.
6) Tell us how the Token works and the benefits for token holders.
WhatsOnPic token (AWT) is the token secured with a working business model and growing audience of the e-commerce market. Our business model allows members to interact with the platform and get incentives in AWT tokens. Members of the WhatsOnPic community will earn tokens when the purchase takes place through the posts that they tagged.
We will encourage the use of tokens that can be traded, redeemed and used for services within WhatsOnPic platform. The value of AWT tokens will be enhanced over time due to the development of the service and the increasing number of users who will raise the demand for tokens. This will allow our participants to get more rewards and benefits.
WhatsOnPic tokenomics allows us to create a business model to empower our members to interact with the platform and get incentives in the form of cash rewards and AWT tokens.
Members of the WhatsOnPic community will earn cash rewards and tokens when the purchase takes place through the posts that they tagged. We will encourage the use of tokens that can be traded, redeemed and used for services within WhatsOnPic platform. The value of AWT tokens will be enhanced over time due to the development of the service and the increasing number of users who will raise the demand for tokens. This will allow our participants to get more rewards and benefits. To implement our business model, we use blockchain technology.
WhatsOnPic members earn AWT tokens each time when a purchase takes place from the user’s post. Initially, for every earned $1 the consumer will additionally earn a token incentive at a fiat 10:1 ratio, which is funded from our transactional revenue stream. The members have the following options to receive payouts in:
- WhatsOnPic rewards in fiat and earning in AWT.
- All in AWT (fiat will be immediately traded and AWT equivalent will be credited to the user’s wallet).
There are several commercial and end-user applications for the token. Depending on the user requirements, the token can be used either to store or transmit value or redeem for services within What’s On Pic. Tokens are referred to as AWT (WhatsOnPic token). AWT tokens can be used for the following purposes:
1) Pay for advertising on WhatsOnPic
2) Buying goods on WhatsOnPic store.
7) Do you have any major investors or partnership opportunities you will like to share with us?
We cooperate with local influencers, community leaders, and individuals while arranging our private events for ICO’s or reaching out to investors worldwide.
We negotiation with other e-commerce and offline business companies to launch pilot projects with the help of our technologies.
Within the frameworks of Priority Token Partnerships program, we also offer to become our official partner to those who are willing to work with us on the basis of reselling Priority Token services or providing a fundraising for our clients.
8) Could you tell us about your team?
We are a team that is inspired and driven by an idea and we try to bring something amazing and new to the world. Time proven enthusiastic team allows us to make really exciting projects and moving forward.
WhatsOnPic is our own idea. We are putting our hearts into this project and we are willing to make it successful.
Our team consists of crazy enthusiasts and stalwart geeks obsessed with the project. Some of us not really active on social media since we more focused on product development but you can always find us there and we will be happy to communicate with you.
Due to our mutual passion on WhatsOnPic, we can spend days on end without leaving the office.
Working on a prototype for WhatsOnPic, we were so excited that have created a nearly off-the-shelf product without any investments.
Now we are eager to go further and make WhatsOnPic a top-notch product of a global scale.