The WearU network
WearU is building a decentralized, community-owned and governed Augmented Reality jewelry marketplace.
The WearU network will facilitate virtual jewelry creation, advertising and auctioning, enabling biddings to be placed using popular Stablecoins.
The WearU device can be used as a brooch and has two versions that allow holds an NFT Jewel and authenticates ownership read more
- A top designer’s jewelry piece
- Account verification (blue-mark)
- Tracks ownership and NFT wearing
- Third party designers
- Or build your own
- Arduino open-source hardware and plans
They can be used for
Hardware Security Vault Second Factor transaction approval Secures NFT ownership
On-stream and live-event NFT authentication Art piece selection and configuration
App lets everyone experience the art pieces in AR, both in live and streamed events. It’s a marketplace that allow mint, buy, sell and live auction the NFTs
We are also developing an App and Web client to enable anyone to experience the art pieces in Augmented Reality, both in live and streamed events. They will allow live stream video and will also enable the auction of the NFT Jewel.Some of its features are:
Sponsorship tools for Brands
- Secondary Market
- Payments on popular Stablecoins as USDT & DAI
- Royalties for Artists and Streamers
Our wearable is Open Hardware, meaning the schematics and firmware are freely available to the community.
Our firmware is Arduino compatible, and can run on any off-the-shelf Maker board/wearable that has an RGB LED.
We also offer our own device, with the following features:
- It is based on Espressif's ESP8266 microcontroller, one of the most widely used and tested electronics modules in the market.
- This provides a powerful and low power 32 bit CPU and WIFI connection among other capabilities.
- The device sports a 190mAh battery, capable of transmitting up to 8 hours continuously.
- The battery is charged with a standard micro USB connector.
- It uses a 3.3V low dropout regulator, with up to 250mA, and a ultra-low quiescent current, to help save battery while inactive.
Fair profit distribution system
For all participants through the distribution of fees in platform transactions, the rewards system and the governance system. WearU is committed to fee transparency, precision and simplicity, as detailed below:
Initial Artist Sale
- 85% Artist
- 15% Community Treasury
- +3% Network fee
Influencer Primary Sales
- 85% Influencer
- 10% Artist
- 5% Community Treasury
- +3 % Network fee
All Secondary Sales
- Curator/ Wearer 90%
- Influencer 9 %
- Artist 1 %
- +2% Network fee
In order to participate, submit proposals, vote on submitted proposals and, ultimately, have a say on decisions that will influence the future of WearU
The WU token is the native token of WearU platform powering its self-driving economy. It derives its utility from:
- Holder rewards
Every time we charge fees on the platform, rewards will be paid to token holders in Stablecoins. All transactions on the platform are with stable currency. Funds can be accessed immediately.
According to the Fee Structure 3% of the transaction fee will be distributed throughout WU holders.
WearU encourages community participation by rewarding activities of various types within the WearU economy, creating opportunities for members to be rewarded in WU for their time and effort. To ensure that these activities are performed by participants whose interests are aligned with the interests of the wider WearU community, participation is often exclusive to WearU token holders who have allocated a minimum amount of WU. The loyalty activities are:
■ Onboarding Initiatives
■ Growth Actions
The WearU community has chosen to structure and govern itself as a decentralized autonomous organization. In order to participate, submit proposals, vote on submitted proposals and, ultimately, have a say on decisions that will influence the future of WearU, WU token holders must assign WU.
The maximum total supply will be 1 billion WU (1,000,000,000 WU).
The WearU community has chosen to structure and govern itself as a decentralized autonomous organization. To achieve this goal, WearU is developing its constitution and governance framework. The WearU DAO will have a Representative Council, with members elected by WU holders every epoch. Initially, as the WearU DAO's governance features are not live yet, the WearU DAO Representative Council will be elected by early contributors, partners, advisors and team members.
You could see more information about WearU tokenomics in the WearU Whitepaper