Deep Dive
Problems
- Speed & Confirmation of the Transaction
- Volatility in Price
- Transaction Cost
- Operational Transparency and Auditability
Solution
With WhitePigeon Network, the transaction speed will be near-instant with instant transaction confirmations. Price volatility will be taken care of by running sufficient nodes for a congestion-free network with reduced transaction fees.
Unique Value Proposition
WP Switch app will have a reward function for completing "Stay Healthy - Stay Fit" tasks, thus retaining the customers in the long run. Invite feature will help us in getting more traction.
Unfair Advantage
As of now, there is no perfect reward system by any project that can motivate them to stay with the project. We intend to change this and want our customers to be our long time contributors.
Customer Segments
Consumers who are not able to use their cryptocurrencies as of now for buying any tangible products. Merchants who currently are not able to tap into crypto consumers.
Existing Alternatives
- Banking channels providing Fiat transaction options.
- Crypto cards providing purchasing power but only deal in either Bitcoins or selected cryptocurrencies.
- Both the above brings in serious settlement charges.
Key Metrics
The Success of any product directly depends on the number of organic users it has. We will use comprehensive marketing strategies to market the services provided by the project, resulting in exponential growth in the number of users on board.
High Level Concept
We target to provide solutions in P2P transactions, Health App for earning rewards, Expense Management features in the WP Switch App.
Channels
We will be using all available resources at our disposal. Like, Direct marketing, social media ads, features including Invites, Partnerships & Collaborations to scale efficiently.
Early Adopters
Our Early Adopters are the fantastic community members and investors who believe in our vision and stood to contribute in all possible means.
Cost Structure
From launching a website, Hiring resources, building a Minimal Viable product to Promotions and Marketing, Each stage requires sufficient cash flow to meet the targets on time and smooth project deliverables.
Revenue Streams
Revenue sources will be in the form of transaction fees. Considering the fact that in the United States alone, the annual spending of its residents has surpassed $4.8 Billion in the year 2019 alone.
