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WABI is a digital token used in the WABI 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 WABI token.
WABI is used as a payment method across the WABI ecosystem and its partners, with tens of thousands of mainstream users throughout China.