Wewards, Inc. operates a Bitcoin-reward web/mobile platform and owns the Megopoly cryptocurrency-linked MMO board game IP, and is seeking licensing partners to commercialize both assets but has generated no revenue to date.

# Wewards, Inc.

## Overview
Wewards, Inc. is a Nevada corporation that owns a web-based platform and the Megopoly IP. The platform enables consumers to purchase goods from merchants and earn rewards payable in Bitcoin. The company intends to license white-label versions of the platform to third parties. Wewards also owns Megopoly, a cryptocurrency-linked MMO board game. The company is actively seeking licensing arrangements to commercialize Megopoly.

## Core business and platform
- Operates a web-based platform accessible via mobile apps that awards Bitcoin-based rebates to consumers.  
- Rewards are issued through merchant-defined challenges and the platform is positioned as a cooperative ecosystem for merchants and consumers.  
- Primary revenue plan is to license white-label versions of the platform to third parties. To date, no license agreements have been executed and the platform has not generated revenue.

## Megopoly IP
- Acquired Megopoly IP in April 2020 from United Power (a related party associated with the company’s sole officer/director).  
- Megopoly is a web-based MMO board game (available in English and Chinese) where players earn fractions of Bitcoin (satoshis) through in-game real estate investment, rent and trading. In-game Megopoly Coins are convertible to Bitcoin at real-time rates.  
- In January 2021, the company entered a development agreement with Sandbx Corp. (a related party) with monthly fees of $168,500, totaling $1,622,500 for the year ended May 31, 2022.  
- The development agreement ended upon completion of Megopoly in December 2021. As reported for the fiscal years ended May 31, 2025 and 2026, the company did not report revenue or software development costs related to Megopoly. The company is pursuing licensing arrangements to bring the game to market.

## Employees
- The company has one full-time officer and director, Lei Pei, who does not receive a salary. There are no other full-time employees.

## Financial highlights
- No revenue has been generated from the platform or Megopoly to date.  
- For the fiscal years ended May 31, 2025 and 2026, the company reported no revenue and no software development costs related to Megopoly.  
- Related-party software development costs totaled $1,622,500 for the year ended May 31, 2022 under the Sandbx Corp. agreement.

## Intellectual property
- IP holdings include the Megopoly software and game assets acquired in 2020.  
- The company does not own patents or trademarks.

## Regulation and market stance
- Due to regulatory uncertainty, the company does not intend to operate the platform in the United States until it can confirm regulatory compliance. The business model depends on licensing third parties to commercialize its products.

## Corporate information
- Incorporated in Nevada on September 10, 2013 as Betafox Corp.; name changed to Wewards, Inc. on January 8, 2018.  
- Principal executive office: 3305 Spring Mountain Road, Suite 104, Las Vegas, NV 89102.  
- Website: http://www.wewards.io (website content is provided for information purposes).

## Key points
- Owns a Bitcoin-reward platform and the Megopoly MMO board game IP.  
- No revenue to date from the platform or Megopoly.  
- Actively seeking licensing partnerships to commercialize both assets.  
- One officer/director, no salary; no patents or trademarks.

Wewards, Inc. is a technology and e-commerce company focusing on a platform that allows consumers to earn Bitcoin rebates by purchasing goods from merchants, though it currently operates without revenue or employees.

# Wewards, Inc. Overview

Wewards, Inc. is a company incorporated in Nevada, originally founded as Betafox Corp. on September 10, 2013. The company primarily operates in the tech and e-commerce space, focusing on a web-based platform that enables consumers to purchase goods from merchants while earning rebates in the form of Bitcoin. 

## Key Business Aspects

### Business Model
- **Platform Functionality**: The web-based platform connects consumers with merchants, allowing consumers to earn Bitcoin rebates for completing merchant-defined challenges.
- **Revenue Generation**: Wewards intends to generate revenue by licensing "white-label" versions of its platform to third parties. However, as of now, the company has no active license agreements and has not generated any revenue from the platform.

### Product Offering
- **Megopoly Game**: In addition to the primary platform, Wewards owns the intellectual property for "Megopoly," a massively multiplayer online (MMO) game. Players in Megopoly can earn fractions of Bitcoin through interactions within a virtual real estate environment.

### Financial Performance
- **Current Revenues**: Wewards has not generated any revenue during the fiscal years ended May 31, 2024, and May 31, 2023.
- **Income**: The company reported a net loss of $651,739 for the fiscal year ending May 31, 2024, which is an improvement from a net loss of $760,690 in the fiscal year ending May 31, 2023.
- **Operating Expenses**: For the fiscal year 2024, Wewards reported operating expenses of $145,846, down from $245,331 in the previous year, largely due to decreased rent expenses after terminating a previous lease.

### Employment
- **Employees**: Wewards currently operates with no full-time employees, relying primarily on its sole officer and director, Lei Pei, who does not receive a salary.

### Company Resources
- **Financial Position**: As of May 31, 2024, Wewards has current assets of $764,692 primarily in cash, but it also has total current liabilities amounting to $3,521,006, indicating significant financial stress.
- **Convertible Debt**: The company has significant convertible debt of $10,500,000 owed to related party Sky Rover Holdings, Ltd., which is owned and controlled by Lei Pei.

### Corporate Structure
- **Management**: Lei Pei serves as the President, CEO, CFO, Treasurer, Secretary, and the sole Director. He holds a unique position, being both the executive officer and majority shareholder.

### Customer Base
- **Customer Count**: Specific customer numbers were not disclosed in the provided text. However, the company's future operations rely on securing merchants and customers through its platform.

### Challenges
Despite its innovative platform and game, Wewards faces considerable hurdles, including the absence of revenue generation, significant debts, and operational efficiency challenges, particularly related to financial reporting controls.

### Summary
In summary, Wewards, Inc. is a technology-focused company aiming to revolutionize e-commerce through Bitcoin incentives but currently operates in a challenging financial landscape with no revenues and reliance on related party financing.

Wewards, Inc. is a Las Vegas-based company that offers a web platform for consumers to earn Bitcoin rewards through purchases and challenges, without generating any revenue as of the latest reporting period.

# Wewards, Inc.

## Corporate structure
- Incorporation date: September 10, 2013 (originally incorporated as Betafox Corp.)
- Name change: January 8, 2018 to Wewards, Inc.
- Address: 3305 Spring Mountain Road, Suite 104, Las Vegas, Nevada

## Business model and platform
- Core offering: a web-based platform accessible via mobile applications.
- Functionality: enables consumers to purchase goods from merchants and earn rebates in Bitcoin, creating a cooperative commerce ecosystem that benefits both merchants and consumers.
- Rewards mechanism: consumers earn rewards by completing merchant-defined challenges.
- Target revenue source: plans to license white-label versions of the platform to third parties; the company has not yet entered license agreements or generated revenue from this strategy.

## Products
1. Web-based platform for e-commerce and Bitcoin rewards.
2. Megopoly game
   - Type: Massively Multiplayer Online Game (MMO).
   - Gameplay: players invest in virtual properties and manage them using in-game currency (Megopoly Coins) to earn fractions of Bitcoin.
   - IP acquisition: acquired Megopoly IP on April 2, 2020 for $179,300.
   - Development completed: December 2021; no revenue generated from the game to date.

## Financial performance
- Revenue: no revenue generated from the platform or Megopoly up to the filing date.
- Development costs: paid related party Sandbx Corp. $1,622,500 for Megopoly development (agreement terminated December 2021).

## Employees and management
- No full-time employees other than the sole officer and director, Mr. Lei Pei, who does not receive a salary.

## Research and development
- The company intends to continue investing in research and development to address customer needs and market opportunities.

## Regulatory environment
- Operates through outsourced licensing arrangements while monitoring government regulations.
- No immediate plans to operate within the U.S. until compliance is assured.

## Facilities
- Current occupancy: month-to-month shared office space.
- Prior lease: 8,015 square feet at $15,000 per month.

## Legal standing
- No material pending or anticipated legal proceedings involving the company.

## Summary
Wewards, Inc. combines e-commerce and cryptocurrency through a platform that rewards consumers with Bitcoin for purchases. The company is focused on developing its platform and the Megopoly game, pursuing licensing opportunities, and managing regulatory considerations in the cannabis market. Operational responsibilities are concentrated in current management.

WEWARDS, INC.

10-K / September 14, 2026

10-K / March 24, 2025

10-K / August 28, 2024

10-K / September 14, 2026

Wewards, Inc.

Overview

Core business and platform

Megopoly IP

Employees

Financial highlights

Intellectual property

Regulation and market stance

Corporate information

Key points