Website

WHIRL (WRL)

ICO

Last updated: Nov 13, 2018

WHIRL is a socially driven, pay it forward crowdfunding platform that’s built on the blockchain. You can use WHIRL to get funding for just about anything, as long as it’s legal. Your dream could be a startup сompany, a charitable project, a gift, a holiday or even a new car. All you back someone else’s campaign before you seek backing for your own. WHIRL is ideal for people who don’t have the contacts, skills, or funds to campaign in other ways.

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Overview

Project industry	Crowdfunding & Lending
Product type	Platform
Founded	Malta
Whitepaper	Open
Onepager	Open

Bounty program

What is WHIRL

What is WHIRL?

WHIRL is a socially driven, “pay it forward”-style crowdfunding platform that’s built on the blockchain. On WHIRL, you can only submit a fundraising campaign after you’ve donated to others, creating a positive feedback loop of generosity. WHIRL is inspired by historic community giving funds, but uses blockchain technology to enable anyone to participate, regardless of currency or geography. WHIRL is reinventing philanthropy by helping global nonprofits and charitable organizations access a new source of capital.

WHIRL’s mission

WHIRL is improving the lives of people around the world by giving them a new, better way to raise money for their projects, passions, and obligations, without having to ship rewards, ask friends and family for donations, or take out expensive loans. WHIRL is connecting people with one-another in mutual self-support, regardless of what they need money for, where they’re from, or who they are.

What makes WHIRL different?

WHIRL is the only crowdfunding platform that’s built on mutual self-support. Fundraisers raise money without shipping rewards or asking friends and family for charity. Backers earn karma points, which enable them to create their own fundraising campaigns later and determine their campaign’s position in WHIRL’s launch queue.

WHIRL only allows a limited number of campaigns to raise money at once, ensuring that everyone gets to share equally in the limelight. Active campaigns get chosen by a fair and transparent queue. This system solves one of the biggest problems facing crowdfunding today: declining success rate. (In the beginning, WHIRL will only list one project a time, but as the community grows that number will ramp-up proportionally.)

WHIRL is a socially-driven platform that gives special attention and platform benefits to campaigns by confirmed charitable organizations.

Because WHIRL is built on the blockchain, it’s truly global and facilitates payments with cryptocurrency in addition to fiat. There’s much less risk of fake donors, chargebacks, or banking friction. And fees are far lower than traditional crowdfunding platforms.

How WHIRL works

In the beginning, WHIRL will list one fundraising campaign at a time to maximize exposure. Campaigns can cover any category (within WHIRL’s terms of service), from help paying medical bills to support starting or expanding a business.

You can donate to campaigns directly with crypto or fiat. In return, you’ll receive 7 karma points for every dollar you spend. If you own WHIRL’s cryptocurrency, WRL, you’ll earn 10 karma per dollar. (Supporting the campaign with partner crypto, like KICK, will earn you 8.5 karma per dollar.) If you donate to a campaign from a featured nonprofit or charitable organization, you earn a bonus to karma.

Once you reach 500 karma, you’re eligible to submit a campaign of your own. Tell WHIRL more about your campaign and fill out a KYC form. A moderator will review the campaign and, if it complies with site guidelines, they’ll approve it for the queue.

If you work for a recognized nonprofit or charity organization, WHIRL will give your campaign access to one of two special featured placements. WHIRL will also waive platform fees, fast-track your placement, and incentivize backers with bonus karma.

WHIRL uses a fair and transparent queuing system that prioritizes those with the most karma, but won’t forget you if you’ve been waiting a long time. No matter what, if you’ve entered the queue, your campaign will get listed.

Sometimes, disaster strikes and funds are needed quickly. If your fundraising campaign ties directly to an urgent humanitarian crisis (like a natural disaster), WHIRL can fast-track it.

Once your campaign has finished fundraising, your karma resets and the next campaign goes live. Now that you’ve had a successful raise, you’ll be excited to support others and immediately begin to work your way back to a new campaign. WHIRL anticipates that 90% of campaign creators will immediately begin the process anew.

Charitable Giving

Reinventing social giving and philanthropy is one of WHIRL's core values. WHIRL will partner with leading non-profit organizations to give them white glove access to the platform. These organizations will pay no campaign listing fees and have their campaigns featured in a special "charity" slots. WHIRL members who donate to these campaigns will also receive a major Karma boost.

Market opportunity

Global dollars spent on crowdfunding platforms in 2018: $9.37 billion

Projected dollars spent by 2022: $26 billion

Average funding per campaign in 2018: $1,065

Number of campaigns in 2018: 8.8 million

Projected number of campaigns in 2022: 17.25 million

Largest market: China, followed by the U.S. and the EU

Details

Pre-sales: Oct 25, 2018 - Nov 25, 2018
Public sales: Nov 26, 2018 - Feb 27, 2019
Token supply: 56,550,000,000 WRL
Total tokens for sale: 38,250,000,000 WRL
Soft cap: 5,000,000 USD
Hard cap: 20,000,000 USD

Legal

Blockchain Platform: Ethereum
Registration year: 2018

Office address: Presnenskaya nab 12

Token info

Ticker: WRL
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 WRL = 0.0001 USD
Accepted currencies: ADA, BCH, BTC, DASH, EOS, ETH,
KICK, LTC,USDT, WRL, XML, XRP
Token distribution:
17.70% - Platform Growth
10.62% - Team &Advisors
4.07% - Marketing & PR
70.80% - Token Sale
Funds allocation:
13.33% - Development
6.67%- Legal
4% - Return of investment for platform development
7% - Repayment of loan
10% - Listings
5% - Team & Founders
10% - Conduction Token Sale
44% - Other countries expansion & promotion

WHIRL Roadmap

Pre-Seed - Q2 2018

WHIRL’s core development
alpha-version of platform for testing
Algorithm and queue system modeling

Seed (07/2018) Q3 2018

Establishing the brand identics
Legal establishment
Whitepaper development
Community establishment
Website composition

Public (11/2018) Q4 2018

Community established
Bounty provided
Open beta
TRW technology implementation
Advisory/partnership network
ICO

Release (Q2/2019)

Fiat money acquiring
Platform v2.0 development
Token listing on the exchanges

Release (Q3/2019)

Community generated projects en masse
Word-of-mouth viral expansion
Japan and Korea markets expansion

First bloom (Q4/2019)

WHIRL v2 alpha release
EU market settlement as a number one
First $1M project raised funds
1500 projects raised funds
15000 core community members
Social effect capitalization
Charitable giving and active queue
Mobile App

Fullpower traction (Q1-Q2/2020)

WHIRL v2.0 final release
KICKONOMY liquid integration (TBA)
India market expansion
15 Campaigns per month
90 Campaigns in six months
$ 90 000 Total funds raised
$ 22 500 Total funds raised via WRL token (equal to $)
$ 1 125 Collected via commission in WRL tokens (equal to $)
1 125 000 WRL tokens collected via platform's commission
0.0019% Part of WRL tokens collected by the commission (per total emission)

Q3-Q4 2020

US and India markets expansion
150 Campaigns per month
900 Campaigns in six months
$ 1 800 000 Total funds raised
$ 450 000 Total funds raised via WRL token (equal to $)
$ 22 500 Collected via commission in WRL tokens (equal to $)
22 500 000 WRL tokens collected via platform's commission
0.04% Part of WRL tokens collected by the commission (per total emission)

Q1-Q2 2021

1 500 Campaigns per month
9 000 Campaigns in six months
$ 27 000 000 Total funds raised
$ 6 750 000 Total funds raised via WRL token (equal to $)
$ 337 500 Collected via commission in WRL tokens (equal to $)
337 500 000 WRL tokens collected via platform's commission
0.56 % Part of WRL tokens collected by the commission (per total emission)

Q3-Q4 2021

6 000 Campaigns per month
36 000 Campaigns in six months
$ 144 000 000 Total funds raised
$ 36 000 000 Total funds raised via WRL token (equal to $)
$ 1 800 000 Collected via commission in WRL tokens (equal to $)
1 800 000 000 WRL tokens collected via platform's commission
3 % Part of WRL tokens collected by the commission (per total emission)

Q1-Q2 2022

18 000 Campaigns per month
108 000 Campaigns in six months
$ 540 000 000 Total funds raised
$ 135 000 000 Total funds raised via WRL token (equal to $)
$ 6 750 000 Collected via commission in WRL tokens (equal to $)
6 750 000 000 WRL tokens collected via platform's commission
11.25 % Part of WRL tokens collected by the commission (per total emission)

Q3-Q4 2022

36 000 Campaigns per month
216 000 Campaigns in six months
$ 1 296 000 000 Total funds raised
$ 324 000 000 Total funds raised via WRL token (equal to $)
$ 16 200 000 Collected via commission in WRL tokens (equal to $)
16 200 000 000 WRL tokens collected via platform's commission
27 % Part of WRL tokens collected by the commission (per total emission)

Q1-Q2 2023

40 000 Campaigns per month
240 000 Campaigns in six months
$ 1 680 000 000 Total funds raised
$ 420 000 000 Total funds raised via WRL token (equal to $)
$ 21 000 000 Collected via commission in WRL tokens (equal to $)
21 000 000 000 WRL tokens collected via platform's commission
35 % Part of WRL tokens collected by the commission (per total emission)