Wecan Group launches its Public Presale – Interview with its founder Vincent Pignon

Between the launch of V2 of Wecan Comply and obtaining yet another award at the Wealth Briefing Awards, Wecan Group is on the rise. A look back at their choice to implement the WECAN token for their products in this interview with Vincent Pignon, CEO and founder of the Wecan group.

1. Wecan is one of the industry leaders, named best European blockchain solution with more than 100 institutional clients. Why did you decide to do a public preview?

Wecan is in fact one of the most institutional players in the blockchain. With more than 100 clients among the leaders in private banking, financial intermediaries, notaries and luxury hotels, we are not disrupting, but co-creating Web3 solutions.

Since the launch in 2015, we have carried out a lot of work to always guarantee the best blockchain infrastructure for our customers. And as part of a research and development project* with Professor Rachid Gueraoui of EPFL, where we compared blockchains on their scalability, energy consumption and security. It was at this time that we built a hybrid, public – private infrastructure that offers the full potential of blockchain while protecting the confidentiality of our customers.

Our Public Presale has one main purpose, to sell access to our technological infrastructure. For example, for our secure instant messaging solution Wecan Connect, the cost is 1 token per message sent. Already used by the hotels of the Michel Reybier group, such as La Réserve, for 1k, they have more than 1 million messages.

2. The WECAN token is therefore a utility token, how is it possible to buy it?

Indeed, we published our White paper in December 2021, then obtained our ruling from the Swiss financial regulator in early 2022 and our tax ruling in mid-2023.

This allowed us to announce during the event we co-organize, Web3Connect, the launch of our public presale with our partner Mt Pelerin.

It will last 2 months and offers a price per token of 0.00085 while the listing price will be a minimum of 0.001. The minimum purchase is €100 and the tokens will be distributed directly.

We are very excited to offer this opportunity to our customers and our community knowing that we already have a suite of products used daily by global leaders in their field with thousands of transactions.

3. You have two products Wecan Comply and Wecan Connect, can you tell us more about the volume of Token transactions that you anticipate?

Of course, today there are thousands of monthly transactions. So many purchases will be necessary on the markets. Growth is exponential and in complete transparency, we publish our usage figures on our website.

For Wecan Complywe are opening up an unlimited number of use cases and with the standardization initiated by our customers, this trend is accelerating daily as you can see:

For Wecan Connect, the benchmark is the volume of instant messaging transactions. On WhatsApp, 100 billion messages are sent per day. Our aim is not to replace WhatsApp. But for all communications that require security, confidentiality and compliance, they will be done through Wecan Connect. My belief is that instant messaging will be the main recording channel on the blockchain, like Chat GPT did with AI.

4. Given your traction, doesn’t too much demand risk harming the adoption of your products which would become too expensive to use?

Today, as part of the Public Presale, the Token is at 0.00085. When listing, it will be at least 0.001. Given the adoption of our products, we can indeed anticipate an increase as the volume of tokens in circulation will be limited and our professional customers pay 1 token per message sent.

To illustrate, this will be €1 per 1,000 messages, which is very competitive today, especially compared to competitors like Docusign.

We anticipate the moment when the price of the Token will be a barrier to the use of our products and we will adapt our pricing accordingly. For example, if the token is €1, we will not ask for 1 token per transaction, but 0.1 token. This will be part of the decisions that we can make with the holders of our tokens that we will also request to prioritize our developments and our markets.

5. You also set up loyalty mechanisms for your users, such as SocialFi, can you tell us more?

Yes, Web3 offers new opportunities that we are exploiting with great interest. In particular, we have a message & earn program. So, the more you use Wecan Connect, the more messages you receive, the more tokens you earn. The same goes for sponsorship, for each person you sponsor, you will earn tokens.

*Works accessible as open source via this link: Quick App