Pigzbe ICO Review: Crypto for the Whole Family

As the crypto market matures, and new blockchain projects are released on a daily basis, it has actually become quite difficult to come across a decent idea that nobody has thought of before. The ICO market is full of projects, trying to get themselves noticed while developing the same concept as another not too dissimilar team. I'm sure then, that you can imagine my surprise when I came across Pigzbe and found it to be one of the most unique ideas for a blockchain application that I have seen this year.


Pigzbe is a digital currency wallet and token platform that is designed for kids. The Pigzbe platform features an interactive application that is linked to a hardware wallet, enabling kids to learn about money in a fun and engaging environment while also developing a sense of financial responsibility through saving and spending their own money. The hardware wallet is about the size of a smartphone and features a screen that either displays info about the Wollo stored in it, or shows the face of a pig that children can interact with. The hardware wallet comes with a connected card which can be used to convert Wollo to fiat at the point of sale and an app designed for parents and other family members to send or receive payments of Wollo. This lets parents send recurring pocket money payments to kids or even set up payments for successful completion of homework or chores. The Pigzbe hardware wallet can also double up as a game controller for the Pigzbe app which lets kids learn about money while playing the game.

Pigzbe's Solution in Practice

So how does this work next-gen piggy wallet work in practice? Well Pigzbe’s solution is comprised of four elements:

1. The first to note is Pigzbe’s native token itself, Wollo, which has a ticker of WLO, and is the cryptocurrency which powers the Pigzbe engine, replacing physical money which would traditionally be deposited into a piggy bank.
   One thing to note is that the team have clearly researched their target market and are aware that there are 205 million children currently receiving weekly pocket money who could all benefit from Pigzbe’s solution.
2. The second element is the hardware developed by Pigzbe in the form of their Pigzbe Pink and Pigzbe Black, as mentioned earlier. Pigzbe Black is a cold storage hardware wallet which keeps funds safe and secure, and makes it easy for partents to transfer Wollo tokens to their children when desired.
3. Pigzbe Pink is a controller for children to be used with Pigzbe’s game app, which is the third element of the Pigzbe solution. Pigzbe’s software comprises of two parts- an app for parents to be able to easily, securely, and cost-effectively transfer pocket money to children. The second is the one which most interests me as an innovative concept- a game for children which enables an engaging financial learning experience.
4. The fourth element is the Wollo card, will allow children and families to spend Wollo in multiple currencies, online and offline, in the real world.
   

Problems Solved by Pigzbe

So Pigzbe are enabling a secure, engaging, educational solution to next-gen financial saving. But specifically what are the problems of traditional solutions which are being solved by Pigzbe?

1. Currently if you wish to transfer pocket money through the traditional banking system you would be subject to high transfer fees. Through using Wollo, however, the cost of money transfers are reduced to a fraction of a cent, so now parents have the opportunity to reward their children more often.
2. Traditional digital piggy-banking app solutions are geographically limited in their use, not allowing for cross-border transfers. Pigzbe’s use of blockchain technology provides an international reach to over 180 countries, meaning that international families are able to effectively create borderless micro-financing networks.
3. Finally, instead of the poor transfer execution of traditional piggy-banking solutions, which can take up to 72 hours to transfer money, the Pigzbe wallet allows for near-instant transfers as to enable children to be rewarded in real-time.

Pigzbe truly transforms the concept of pocket money and financial saving/ education for children in this new digital crypto age.

ICO Details

Taken directly from the Pigzbe website: https://www.pigzbe.com/

There is currently a private sale running, and at this point a 25% discount on the full ICO price is available, however, a minimum purchase of $25,000 so is really only for the big boys in the space. If you do have that kind of money for investing and are interested in the private sale, drop the team an email.

For all of us normals, the public sale begins in July and the price per Wollo token will be $0.12.

Something exciting to note, especially if you’re planning on using Pigzbe in your own household, is that they actually offer tangible rewards in the form of their hardware devices, depending on your contribution; so if you buy 5,000 WLO tokens you will receive the Pigzby Pink controller, and purchasing 10,000 Wollo will net you both hardware devices- the Pigzbe Pink and Pigzbe Black.

As they phrase it, this is ‘the world’s first token sale with a tangible reward’.

Summary

Pigzbe therefore, enables a more rewarding, educational and efficient mechanism for pocket money, family financial saving and education. What excites me most about Pigzbe's solution in a broad sense is that it is able to successfully and effectively connects the digital crypto space to the real world. By combining hardware and software in such a way allows for the secure and efficient transfer of cryptocurrency between family members, whilst providing a rewarding, engaging and educational experience for children.

As the blockchain industry progresses it will be fascinating to see how cryptocurrencies are slowly introduced into the family home. I believe solutions such as Pigzbe's will be crucial in bringing crypto into the mainstream; especially those that can provide education about finances and cryptocurrency through a fun, engaging, and useful means.

I can see Pigzbe and Wollo being the first point of contact between many families and the cryptocurrency space and will be a fascinating project to watch develop.

Useful links:
Website https://pigzbe.com/
Whitepaper https://pigzbe.com/pdf/pigzbe_whitepaper.pdf
Telegram https://t.me/pigzbeico
Twitter https://twitter.com/pigzbe

Bounty0x username: meena
Published By : bheem0
bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1130931