IOU

E-commerce market has been showing rapid growth over the past few years, and its further rapid prosperity is expected to continue. In such an environment of super-competition, the search and acquisition of new customers can turn into a real problem for traders. Now imagine an explosive combination of e-commerce, blockchain technology and cryptocurrency – the IOU platform, a true P2P loyalty platform in the e-commerce sector based on the blockchain.

E-COMMERCE LOYALTY

Finding and acquiring new customers can be a huge challenge. The reasons can be many, but the customer loyalty stats don’t lie: it’s roughly 500% more expensive to convert new ones than to keep current customers.Fetching a new customer from the clutch of an eminent competitor is like an everlasting headache for marketers5.When it comes to personalized online experiences in the US, the most popular [factors] were website optimized by the device (desktop, tablet, mobile) (64%) and promotional offers for items the customer is strongly considering (59%)6.An interesting finding: 53% of adults living in high-income households are willing to switch brands for the sake of using a coupon7. This leads us to a major issue: the challenges that e-commerce faces.

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.

Official links for more details :

Website : https://iou.io/

Whitepaper : https://iou.io/assets/pdf/whitepaper.pdf

Twitter : https://twitter.com/iouico

Facebook : https://www.facebook.com/iouico/

Telegram : https://t.me/IOUCommunity

Ann Thread : https://bitcointalk.org/index.php?topic=4845370.0 

Bitcointalk Username [  sikin902Pee ]

Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2253915;sa=summary

ETH : 0x5D8737690DA619C709BA854cb6C70a0be4D45e65