04/05/2023
Hello Webtalkers,
As a brief update, earlier this year Webtalk was accepted into the NewChip accelerator to help us raise a $10MM funding round.
NewChip is one of top accelerators in the US that only accepts the top 3% of candidates, and as a result has a 70% success rate of getting companies funded.
We have been heads down working on our due diligence documents to raise another funding round. At the same time, our team has been planning and designing the next generation of our technologies once the new funds are received.
There have been some recent updates to our Android and iOS apps to improve the experience and fix bugs.
Another update is coming soon that will fix the issue with video ads not reloading quickly, which is requiring a page refresh to load more video ads to earn more points. Once the fix is deployed, new videos ads will appear automatically after one finishes until the ad is closed.
After the new funding round has closed, we will be working on major enhancements across the board for our final release and official launch.
-onboarding: New landing page and SMS registration with 2FA (new enterprise app look and feel)
-Native video & new “Flix” on-demand video service
-Group chat
-Groups
-Pages (accounts for businesses, brands and public figures)
-Self Service Ads (sponsor posts and run banner ad campaigns directly in Webtalk)
REWARDS
-New creator/influencer comp plan paying up to 60% of ad revenue back to creators
-Up to 50% net ad revenue share with affiliates (up to 80% of all ad revenue paid out between creators and affiliates)
-Earn up to 10% of gross ad budgets for referring advertisers directly, no limits or caps (if an advertiser you refer spends $1MM per month, you earn $100K/mo)
-New commission plan will have new ranks with the ability to earn overrides through TEN (10) levels of referrals based on your individual referral and sales efforts as an affiliate.
-New Rule: must be a Webtalk Verified user to earn rewards
Why?
During our Beta testing we discovered many bad actors working to defraud the rewards program. As a result, requiring verification is the only method to prevent fake accounts and fraud at the highest levels to ensure everyone has a chance at creating success with our Rewards program.
In return, we will be providing several options to get verifed at no cost, and we are improving our commission plan to pay out even more revenue in exchange for your content and referrals.
VERIFY SUBSCRIPTIONS
-Webtalk will be introducing two new verified subscription services
VERIFY: $15/mo OR FREE with 3 verify customer referrals, OR FREE to PRO customers, OR FREE BY WATCHING VIDEO ADS MONTHLY
-Verifies identification
-Awards a verify ID badge
-Provides sponsored results (2nd rank) for all internal searches… member search, discover search, matchmaking, job search, etc (you and your content appears first)
VERIFY+: $200 + $20/mo (MONTHLY FEE REDUCED TO $10 for PRO customers)
-Verifies identification
-Verifies work history and education
-Verifies references
-Awards a verify ID badge
-Awards a verify Credentials badge
-Awards a verify References badge (after receiving 3 verifed references)
-Provides premier sponsored results (1st rank) for all internal searches… member search, discover search, matchmaking, job search, recommendation engines, etc (you and your content appears first)
Lastly, we are also working on Webtalk Coin (WTC). All creators and affiliates will have the option to be paid in WTC as a self-mining coin.
What will be unique about our coin is that holders will receive dividend payments based on Webtalk’s revenue.
Soon we plan to release a pre-launch of our coin issuing FREE COINS to our customers. We plan to launch our own credits platform where you will be able to use credits to make purchases within Webtalk. Our users will be able to purchase up to $1000 in credits per day awarding $1000 of free coins per day. The sooner you purchase credits the more free coins you will be awarded because the value of coins increases with each issuance.
Once your referrals spend credits to puchase ads, subscriptions, and webtalk swag they become commissionable as an affiliate. Credits themselves are not commissionable until they are used to make purchases.
WTC is planned to be listed on major exchanges after we have given away 100M free coins or within 12 months, whichever is sooner, and our coinsholders will have the ability to earn a percentage of potentially hundreds of millions or billions of dollars in dividends paid to coinholders.
More information will be shared with the official coin pre-launch giveaway promotion.
Stay tuned for more updates!