The foundation (partnered with IBD Technology) hosted a conference on Monday to update the public on upcoming industry trends while promoting their project and its future plan

• The foundation had partnered upwith IBD Technology to pioneer a user/merchant rewards ecosystem project called"TOOL Global".
• Notable programmes launched in2018: AC495 community outreach program on Instagram, IBD User Reward Scheme,TOOL Super Node Program, TOOL Social Leaders, partnerships with Ebuycoin andTelegram-based reward app CryCx.
• Project has already observed hugeadoption rates in China, is set to expand in Southeast Asia.

SINGAPORE - Media OutReach - January 16, 2019 - The WOLOTFoundation, (a partner of IBD Technology, aSingapore-based blockchain tech startup) held an official conference on Mondayafternoon in efforts to promote and update the public of changes in their jointproject and it's future plans.

The conference observed an excellent turnoutof 80 attendees and started out with talks about the current big data andblockchain development trends in Southeast Asia, presented by prominent figuresin China's blockchain industry. Amongst them, the secretary-general of WOLOTFoundation Prof. Patrick Schueffel, envisioned TOOL to be an ecosystem ofecosystems. Associate professor James Pang from National University ofSingapore (NUS) also touched on the essentials to evaluating a cryptocurrency'sreal value. These educational talks then led to comprehensive explanations ofTOOL Global's ecosystem, it's business model, and value proposition. Someimportant updates to note:

• TOOL Global's newly integratedprograms (TOOL Super Node Program and TOOL Social Leaders) to launch early2019.
• Applications for the TOOL BlockProducers (TBP) tier of nodes (housed under the TOOL Super Node Program) willopen Mid-February 2019.
• WOLOT Foundation to welcome Dr.Patrick Schueffel (a prominent advisor in Singapore's blockchain industry) astheir secretary-general.
• Future plans to expand towardASEAN region via integration of local partnerships and startups into theirecosystem. TOOL Global intends to combine OLO tokens and capital tools liketheir IPO to help incubate potential unicorns.

In a nutshell, TOOL Global's reward/earningschemes were implemented to foster user motivations in storing the OLO tokenfor future appreciation. Users pledge and freeze a required number of OLOs toqualify as community nodes participating in the TOOL Social Leaders (TSL)program, its mission is to create a decentralized community alliance ecosystem.The development of this ecosystem, its maintenance, promotions, and rewards arecentered using the OLO token as its main incentive. It's Super Node program,which includes 2 tiers of nodes: TOOL Block Producer (TBP) and the other TOOLCommerce Node (TCN), was introduced to the project's econet to increasestability and security. Registration for the TBP tier is slated to open thisMid-February, before their Macau conference in March.

About the TOOL GlobalProject (by WOLOT Foundation)                         

The TOOL (Global) Project is an ecosystem of services which works on a Delegated Proof-of-Stakesystem where users get rewarded daily based on their level of activity withinparticipating apps and merchants. Advertisers may target their advertisementstowards users based on their hobbies, preferences, and reward users globalvirtual (loyalty) points (BT) for viewing their ads. The ecosystem will benefitusers as they enjoy special promotions/discounts from merchants, merchants willbenefit from higher customers patronization rates and customer retention rates,and advertisers will benefit from giving ads to users. These in time, willdrive demand for the ecosystem's cryptocurrency, OLO.

For business enquiries, please email to bd@WOLOT.io