Review IOU Project
IOU
PLATFORM: THE ULTIMATE COMBINATION
Now, imagine the
explosive combination of e-commerce with blockchain technology and
cryptocurrencies: the IOU Platform.
IOU is a true P2P
e-commerce loyalty platform on blockchain
It aims at empowering
blockchain Merchants and Consumers with decentralized and secure Peer-to-Peer
technology driving customer satisfaction and loyalty through Merchant’s
trade-able IOUs.
IOU
WORK-FLOW ENGINE
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 beats 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.
It is hard not to mention
the ability for Merchants and Consumers to donate some IOUs for those in need
and get rewarded for philanthropic activities. 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.
IOU
APPROACH
IOU reinvents existing loyalty
systems in order to provide more flexibility, control, and many more benefits
for Merchants in order to guarantee the highest possible level of consumer
satisfaction for the incurred marketing expenditures.
IOU “loyalty system”
allows business owners to create a new level of interaction with consumers and,
most importantly, provides the opportunity for consumers to freely exchange
their purchased IOUs with other consumers for other IOUs which are needed more
for those trading parties.
IOU
VISION
IOU reinvents existing
loyalty systems in order to provide more flexibility, control, and enhanced
benefits for Merchants in order to guarantee the highest possible level of
consumer satisfaction for the incurred marketing expenditures.
IOU “loyalty system”
allows business owners to create a new level of interaction with consumers and,
most importantly, provides the opportunity for consumers to freely exchange
their IOU Offers with other consumers for other IOUs which are needed more for
those trading parties.
IOU Peer-to-Peer (P2P)
platform providing new opportunities for each Merchant (Business Merchant) in
the world with regard to loyalty system organization, interaction with
consumers, investment attraction, and revenue growth by the means of issuing
its own freely tradable IOUs (IOU Crypto-Obligations / “IOU-CO”).
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.
Address : 0x251653e78c2d7B75a4071F9C858dC8Fbcb53825e
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