IOU - TRUE P2P E-COMMERCE LOYALTY PLATFORM - review ICO
Many people in the fintech industry would agree that we are all very lucky to be living in this significant moment in time, where blockchain and crypto have only just appeared on the global scene. Fintech has opened up a new world for business, a world with a lot of room for new ideas and developments.
Finding and gaining new clients can be a tremendous challenge. The reasons can be many, be that as it may, the client loyalty details don't lie: it's around 500% more costly to change over new ones than to keep current clients. Getting another client from the grasp of a famous contender resembles an everlasting migraine for marketers, With regards to personalized online encounters in the US, the most prevalent [factors] were site streamlined by the gadget (destop, tablet, mobile) (64%) and limited time offers for things the client is strongly considering (59%) A fascinating discovering: 53% of adults living in high-income family units will switch brands for utilizing a coupon. This leads them to a noteworthy issue: the difficulties that internet business faces.
What Is IOU?
IOU seeks to reinvent the existing customer loyalty programs in a bid to offer more benefits, control, and flexibility to the merchants. Doing this will make it possible for the merchants to guarantee their clients the best possible consumer satisfaction levels. This will be in exchange for the marketing expenditures already incurred.
The loyalty system being proposed by IOU will make it possible for the business owners to build new interaction levels with their clientele. Additionally, they will also be able to provide an opportunity for their consumers to freely exchange the IOUs in their possession with other consumers.
E-COMMERCE CHALLENGES
In the era of web, e-commerce is that the king. However, this exponentially growing market faces some serious challenges:
1. CLIENT LOYALTY
It is a key issue because it takes countless efforts for corporations to form a replacement client and maintain identical client for while.
One of the explanations why ecommerce corporations face the struggle whereas building trust and loyalty with client, is as a result of a vender and a emptor don’t understand one another, nor they'll see one another whereas creating a dealing in contrast to street-shopping. It takes few transactions, time and lotsof efforts by the corporate to create the client trust and loyalty.
2. ACHIEVING PROFITABLE LONG GROWTH
Increasing sales is a method to grow the business however within the finish, what matters most is profitableness. on-line retailers should always realize ways in which to chop inventory prices, improve selling potency, scale back overhead, scale back shipping prices, and management order returns.
3. SELECTING THE CORRECT TECHNOLOGY & PARTNERS
Some on-line retailers could face growth challenges as a result of their technology is limiting them, or they’ve employed the incorrect partners/agencies to assist them manage their comes. Retailers eager toaccomplish growth should turn on a decent technology foundation. they have to opt for the correct cartanswer, inventory management software package, email software package, CRM systems, analytics so far more. additionally, hiring the incorrect partners or agencies to assist them implement comes might alsolimit their growth. on-line retailers should opt for fastidiously United Nations agency to figure with.
IOU E-Commerce Blockchain Loyalty System Platform edges
By tokenizing the businessperson promotional offers through the blockchain, shoppers and merchants canget to get pleasure from the subsequent benefits:
Loyalty And Client Retention
All note obligations can endure to turn into Flagship Blockchain Loyalty Programs for the business house owners. Merchants can, thus, have access to associate degree economical and secure manner of promoting all their special offers to shoppers.
Viral Selling
Clients can primarily become agents for the merchants. they're going to be ready to target alternativeshoppers on the peer-to-peer exchange trying to exchange the IOUs they need with alternative shoppers. this can be one thing that may be supported the worth and want at the instant a dealing is being dead. it'sassociate degree approach that may build it attainable for business operators to draw in and retain a stable client inflow.
The Note Peer-To-Peer Exchange
This explicit exchange is one that's being driven by market flexibility. shoppers are going to be ready tofirmly purchase note offers from business house owners with every purchase having specific terms for the promotional service or product, e.g., exchange terms, restricted amount, and expiration date.
TOKEN UTILIZATION
The token IOUX is predicted to be utilised in some ways, including:
• written agreement Management
• very important person businessperson standing
• client Purchases of promissory note businessperson Offers
• Loyalty Token Grants
• Promotional Offers
Merchants should pay five-hitter Gas fee in promissory noteX Tokens for each IOU provide issued for shoppers (in addition to the five hundred Fee on any purchases created by alternative cryptocurrencies, whereas purchases created by IOUX Tokens would be exempt).
In exchange, to supply incentives for the IOUX Token holders, each IOUX Token dealings would be granted a further five-hitter Discount to the shoppers. extra ten Loyalty Tokens would be equally whenever to eachMerchants and shoppers once accumulating transactions of one,000 Tokens.
Merchants would even have AN choice to Guarantee the Service and issue refunds of payments if product or service offered by their promissory note offers wasn't satisfactory. Thus, extra promissory noteX Tokens would be escrowed till the completion of the term of the IOU provide.
During issuing of promissory note offers, Merchants should conform to the Token Discount, Service Guarantee, and Gas Fee Terms.
ICO Parameters
Total number of tokens: 800,000,000
800 IOUX tokens= 1 ETH
Pre-ICO: 10, 000,000 tokens with a 40% volume bonus
ICO: 100,000,000 tokens (tokens sold bonus, time of crowd sale bonus, and volume bonus)
For more detailed informations, visit:
Web: https://iou.io/
White paper: https://iou.io/assets/pdf/whitepaper.pdf
Bounty Tread: https://bitcointalk.org/index.php?topic=5001075.0
Telegram: http://t.me/IOUCommunity
Facebook: https://www.facebook.com/iouico/
Twitter: https://twitter.com/iouico
Medium: https://medium.com/@realIOU
Github: https://github.com/iouico/IOU
author:
rivaldo2020
BTT Profil link:
https://bitcointalk.org/index.php?action=profile;u=2051385
0x320f6344D4BE878C96e77AD580e2EE132C4BF6F8
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