WhenHub Interface Network connects consumers to experts on demand using secure blockchain micro-contracts for frictionless scheduling and payments (Patent Pending)
A step-by-step overview of a transaction on the WhenHub Interface Network..
WhenHub proposes to build a mobile app called “Interface" for connecting consumers to experts of all kinds via two-way video streams, text, audio, or in person. The app will be part of a larger service ecosystem called the WhenHub Interface Network (WIN) (Patent Pending) and use existing WhenHub API services.
The service will use the Ethereum blockchain to create secure micro-contracts – that can be as short as 15 minutes – as well as to provide frictionless billing and payment service. At the end of each micro-contract, payment in the form of WHEN Tokens will be automatically transferred to the expert. No paperwork or billing is involved.
Latest news and blog posts about the WhenHub Token Sale..
Implementation timeline for WhenHub Interface Network..
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The Simple Agreement for Future Tokens (SAFT) is a legal agreement, similar to the YC SAFE. It is somewhat similar to a forward contract – the seller (WhenHub) sells SAFTs to fund the development of the network, the seller then builds the network, and upon competition of the network, the SAFTs will convert into tokens. We chose the SAFT structure due to the nature of token pre-sales and questions about legal regulations on token network investments. This structure establishes provisions that address risks of failure.
During the Pre-sale (until Nov. 9), the minimum investment amount is $50,000. During the Public sale, which starts Nov. 10, the minimum investment amount is $250.
This token sale is limited to residents of Australia, Canada, European Economic Area, Hong Kong, India, Israel, Japan, Russian Federation, Switzerland, United Kingdom and United States (excluding New York state). U.S. residents must be Accredited Investors.
U.S investors will need to verify their accredited investor status by providing necessary documentation to our verification partner VerifyInvestor.com. For details about what constitutes an accredited investor, visit https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-accredited-investors
The SEC requires that companies seeking funding using token or crowd sales must make "reasonable efforts" to ensure that U.S. investors are Accredited Investors. To comply with the regulations, we verify Accredited Investor status for all U.S. investors using a third-party service (VerifyInvestor.com).
No. The Offering covers the WHEN Tokens that will be issuable on conversion of SAFTs plus any additional Bonus tokens. Since we don't know exactly how many Bonus tokens will be issuable, we estimated 150,000,000 tokens which will reasonably cover most Bonus scenarios.
Bonus tokens will be allocated pro-rata from each of the non-SAFT Purchaser groups (i.e. Network Users, WhenHub, Network Partners and WhenHub Foundation). The total number of tokens will remain fixed at 875,000,000.