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Tael (ticker WABI) is a digital token used in the Tael ecosystem of verifiable safe consumer products.
Consumer goods inside the ecosystem are secured from counterfeit attempts through banking-level, tamper-proof NFC smart-labels, which are linked to their digital representations on the blockchain. Consumers touch the label with their smartphones to verify a product’s authenticity, discover the product’s journey along the supply chain and are rewarded for their purchases with the Tael token.
Tael is used as a payment method across the Tael ecosystem and its partners, with tens of thousands of mainstream users throughout China.