MB8 Coin('fuel’ for the existing loyalty rewards network)

What is MB8?

Don’t get to confused about what or who this is, I will tell you few and will also provide a link to their white paper and website, so u can check in your free time should in case you need more clarity.
So who or what is MB8, let me give you a short history. It all started in 2017 has Multibuy Travel
Then later evolve to Advertisement Platform that same year it became Multibuy Online Shopping
And that same year Multibuy App came only for 2018 to come and Multibuy "eWallet" came through and then Eurocredit Plus Going Global

Overview of Eurocredit Plus Loyalty Rewards Token

Multibuy has been running their traditional loyalty rewards system since 2005. Whilst extremely successful to date, a traditional rewards system can prove costly to run and manage especially when scaling the expansion to a global market. On such large scales, the central distribution and support is labour intensive, logistically difficult and open to fraud or abuse of the system.

Why are we changing from Eurocredit Plus?
Already proven and highly successful, the expansion of our Eurocredit Plus loyalty rewards system was an obvious opportunity to utilise the efficiencies which Blockchain technology brings. By replacing our traditionally “closed system rewards model” we aim to expand to many new markets, leveraging the innovation of this exciting space. This transition will also allow for the platform to be greatly enhanced and expanded for the benefit of all participants. After the launch, our existing Eurocredit Plus rewards platform will close to new customers and be swapped for our cryptocurrency called MB8 Coin.

**Why is MB8 Coin different? **

MB8 Coin will be used as the 'fuel’ for the existing loyalty rewards network. MB8 Coin will be the first ever cryptocurrency that is released with a proven real world use and will be accepted as part or whole payment within the existing network of vendors and retailers. MB8 Coin is set to become the backbone of the rewards network that is already being used under white label by over 2100 businesses. becomes
Why did we opt to run our own Blockchain?
We wanted to add security and transparency to our rewards system. Early tests demonstrated this technology was the perfect fit to replace our current technical solution. Developing our own chain allows us control over the distribution, integration, support and expansion of the network.

MOBILE APP
Introduction
Multibuy launched its first mobile app at the end of 2017 and plans to introduce new and improved features to allow customers to locate and interact with business partners accepting MB8 Coin. Linked to your pre-paid debit card, the app also doubles up as a hosted MB8 Coin Wallet which you can use to send and receive your coins with retailers, individuals or crypto exchanges.

How the infrastructure is changing?

MB8 Coin Roadmap

MB8 Coin Parameters

Coin Details

Name: MB8 Coin
Ticker: MB8
Algorithm: X13
Type: Proof of Stake (POS)
Class: Utility Token
Segwit Ready
Main Distribution via ICO
All unsold coins will be burnt

Supply Details

Full supply of 1 Billion reached over a 12 Year period.
Coin supply increases by 5% per annum to reach this maximum.
Coins available via ICO: 550,000,000
Discount ratios: 5:1, 4:1, 3:1 and 2:1 released in stages.
Initial Value: 1 MB8Coin = 1 EURO.

**POS Details **

POS Maturity: 4 Hrs
POS Max Time : None
POW Block Height: 1
Coinbase maturity: 101 block
Transaction confirmations: 1
Difficulty Retarget: each block
Reward: 5% per annum
Double Rewards (10%) for initial 6mths.

Network Support

Staking rewards will be double (10% p/a) for the first six months to encourage early adoption and strengthen the network further.
Various test networks have been running alongside the main network to ensure Blockchain stability
Integration in to the Multibuy EPOS system will turn each system in to a node.

Customer Benefits

Book holidays online paying up to 100% with MB8 Coin with a 1 MB8 Coin : 1 Euro Value.
Buy products online paying up to 70% with MB8 Coin with a 1 MB8 Coin : 1 Euro Value.
Spend MB8 coin within existing and growing loyalty rewards network.
Gain 5% p/a additional MB8 Coin rewards through staking

Multibuy Benefits

Reduced costs in running and maintaining the Multibuy rewards system.
Increased business recognition and new customers from untapped areas.
Industry first where a rewards system replaces its operating model to Blockchain technology.
Opens the rewards system to anyone who wishes to participate.

Business Partners Benefits

Ability to benefit from increased business from new customers and brand awareness.
Ability to buy and sell the rewards tokens on the open market rather than from a closed source at a fixed price.
Vendors will receive MB8 Coin at ICO and from all future customer redemptions on offers.
Ability to accrue 5% additional MB8 Coin rewards p/a. (by staking)

Token Sale
Multibuy Launches MB8Coin
Multibuy Company will be releasing MB8 Coin to drive the huge expansion of its already proven loyalty rewards system, by enabling global adoption via cryptocurrency. The initial implementation will be an ICO sale distribution of MB8 Coin tokens, which serves to replace the existing rewards systems “fuel” with an interest bearing cryptocurrency tradable on open crypto exchanges.

Funds Raised via ICO
ICO Hard Cap - €170 Million (Pre-ICO + 3 Stages of discounts) The amount raised will greatly increase the velocity at which the stages of the roadmap can be achieved and help push our entire timeline to completion. Another extremely important aspect of the ICO is a very wide distribution of the token, which helps support the network and spreads usage to completely new audiences.

Pre-mine Allocation – Total Premine 571,000,000 | 96.3% Available for purchase

Coin Value

We are offering everyone this fantastic chance to be involved in the success and growth of MB8 Coin by purchasing the tokens at a fraction of its already accepted value of 1 Euro within Multibuys active rewards and loyalty system.
Once launched on the open crypto market the value of MB8 coin, like every cryptocurrency cannot be guaranteed (or promised) to keep its 1 Euro value, however, it will always be honoured at the 1 Euro value within the rewards system itself.
If however the value of MB8 rises substantially above 1 Euro, and as the network grows we are hoping to see this happen, your MB8 Coin would have more value than 1 Euro which is dependent on the market value at the time. You could, of course, decide to sell your MB8 Coin on an exchange for a profit, as there will always be a demand for them from business partners and traders.

Team

FOR MORE INFO VISIT :
WEBSITE: https://mb8coin.io/#
WHITEPAPER: https://mb8coin.io/%24whpdir/MB8%20Whitepaper.pdf
FACEBOOK: fb.me/MB8Coin @MB8Coin
TWITTER: twitter.com/MB8Coin @MB8Coin
BITCOIN TALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2205745

Disclaimer: This article was published in terms of the bounty campaign. I am not a member of the project team or its representative but an advocate of this incredible project.