Review IOU ICO
IOU offers complete transparency utilizing Blockchain for its Group Loyalty offers with clear visibility, security, speed of processing and traceability of transactions through the decentralized register of all sources.
IOU is Offering Merchants
and Consumers clear advantages over the traditional e-commerce environment
making transactions Cost-Effective and Secure while building ultimate trust
between Merchants and Consumers. Rating mechanism would boost a trust even
further.
Cost-effectiveness of
transactions and global reach of consumers beat the conventional digital
payment methods as it removes the middlemen/payment processors that take a big
cut.
Not only consumers would
feel secure and get significant savings but also, they could use their
purchased IOUs as actual monetary assets which they will be able to trade with
other consumers or sell on the exchange. This is a tremendous benefit of IOU
Platform.
Loyalty factor is another
huge benefit allowing both consumers and merchants to get rewarded for
generating top rated, quality offers and transactions on IOU Exchange.
Merchants and Consumers will be able to donate some IOUs for those in need and
get rewarded for philanthropic activities. The company would also place
donation requests on special causes and would reward Merchants and Consumers,
as well as match such donations to benefit those causes.
KEY
ADVANTAGES
With existing advertising
systems becoming less and less effective, the IOU Platform presents the
ultimate solution. Its key advantages for merchants and consumers are the
following:
FOR
MERCHANTS
• Loyalty and Customer
Retention
• Viral Marketing
• Market Driven
Flexibility
• Merchants can receive
current consumers’ parameters and interests
• Getting in contact with
consumers
• Receiving additional
parameters of consumer profile
• Barter functionality
between merchants
FOR
CONSUMERS
• Trade IOUs with other
consumers
• Protection of anonymity
• Opting out at any time
of Merchant interaction
• Possibility to
personalize interaction with Merchants
TOKEN
UTILIZATION
The token IOUX is
expected to be utilized in many ways, including:
• Escrow Management
• VIP Merchant Status
• Consumer Purchases of
IOU Merchant Offers
• Loyalty Token Grants
• Promotional Offers
Merchants must pay 5% Gas
fee in IOUX Tokens for every IOU offer issued for Consumers (in addition to the
5% Fee on any purchases made by other cryptocurrencies, while purchases made by
IOUX Tokens would be exempt).
In exchange, to provide
incentives for the IOUX Token holders, every IOUX Token transaction would be
granted an additional 5% Discount to the Consumers. Additional 10 Loyalty
Tokens would be given equally each time to both Merchants and Consumers after
accumulating transactions of 1,000 Tokens.
Merchants would also have
an option to Guarantee the Service and issue refunds of payments if product or
service offered by their IOU offers was not satisfactory. Thus, additional IOUX
Tokens would be escrowed until the completion of the term of the IOU Offer.
During issuance of IOU
offers, Merchants must agree to the Token Discount, Service Guarantee, and Gas
Fee Terms.
TOKEN
STRUCTURE
800,000,000 IOUX TOKENS *
1 IOUX = $0.28
* Allocated for ICO and
Private Sale. Company will burn unsold tokens and use 20% of e-commerce
transaction fees on buy-back program to quarterly acquire IOUX tokens from
listed exchanges and burn those re-purchased tokens.
BONUSES
IOUX Tokens will be
distributed based on the whitelisting-priority model. The ICO whitelisting
process will start after the private institutional sale.
PRE-ICO: IOUX Tokens will
be distributed based on the whitelisting-priority model. The pre-ICO
whitelisting process will take 2 weeks after which Tokens will be offered for
sale during 1 Day of Pre-ICO sale to registered individuals/entities which were
approved during the whitelisting process.
ICO: IOUX Tokens will be
distributed based on the whitelisting-priority model. The ICO whitelisting
process will take 6-8 weeks after which Tokens will be offered for sale during
1-3 Days of ICO sale to registered individuals/entities which were approved
during the whitelisting process.
Bonuses will be awarded
based on the day of the whitelisting registration, total tokens sold and amount
of investment. Here are the terms of the ICO bonus structure:
TOKEN
DISTRIBUTION
Due to the high
utilization expectations and the need for expansion capital, the Company will
freeze the majority of the tokens (600,000,000) and only release up to 10% per
year if necessary for company expansion, Marketing and Loyalty Programs to
maintain token liquidity.
Company Management and
Founders will reserve 20% of the tokens with 3 years-time based lock-up
provisions.
The Company will reserve
28% of tokens only if there is a need for additional expansion capital during
the first year of operation. Those unused tokens will be frozen otherwise. 2%
of Tokens will be allocated for Advisors and Bounty programs.
BUDGET
ALLOCATION
Most proceeds from the
sale will be allocated for Marketing and Expansion purposes and 20% of proceeds
will be allocated to complete the testing and release of Beta and future
versions of IOU technology. All ICO Crowdsale investors will receive first
invitations to the Closed Beta release prior to the Beta market release.
Address : 0x251653e78c2d7B75a4071F9C858dC8Fbcb53825e
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