UNIVERSAL REWARD PROTOCOL: Making retail outlet service easier for all
Universal Reward Protocol (URP) allows retailers to use data collection as a means of growing their businesses, some retailers had no clue how to ascertain the shopper needs. The retailers had devised a way of getting their shopper within the market space.
The times of physical method of retailing was still given priority. The offline behaviors of shoppers had exposed a yet unexploited market. URP vision is all about creating spaces that enable the shopper to choose from the information needed, may be any space of the market, and each of the shoppers might give out their information to retailers for the experience.
This was the reason for the creation of URP; it’s a blockchain system which allows retailers to incentivize shoppers with communicating or information data.
Feature of URP
-Data Security: URP being an ecosystem of blockchain ensures shoppers have control over the data and still get rewards from the retailers which suite them.
-Token Easy Redemption: The retailers will assist in getting the URP tokens just offer some exclusive offers which are based with shopper’s data.
-Digital Wallet: URP posses the wallet with which users will redeem and store their reward when needed. With the wallet, it is easy to change ones privacy settings and check wallet balance.
-Data Storage: Universal reward protocol will help shoppers decide the retailers they might be interested in sharing data with.
- Make use of IoT Technology: By combining the blockchain and IoT, anyone can get a well comprehensive data reports of their shopping taste and having the encrypted data source which secures their data is protected from unauthorized hackers.
Earning Rewards: Anyone can earn the URP tokens by giving their data to retailers. Ability to share your location of the sale, purchases, selling point; making it very easy for anyone to get their incentives to shop with the retailer.
Token
URP token will be the internal currency of the platform and it shall be the means retailers used to boost the morale of the shoppers. It can be claimed from every retailer within the platform, this enables the universal reward that gives values to shoppers on shopping stores.
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URP Details
Platform -Ethereum
Token type - Utility Token.
Token structure -ERC20
Accepting -ETH
Tokens for sale - 240,000,000
Distributed in ICO - 40%
Soft cap - 5,000,000 EUR
Hard cap -20,000,000 EUR
Country - France
Whitelist -KYC & Whitelist
Restricted areas for now -South Korea, China, USA
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Distribution Method of the Token Details
40%: Token sale
35% : Reserve
15%: Founding Team
5% : Advisor
5% : Incentive program and subcontractors
Conclusion
In conclusion, UPS is a platform where retailers can use data collection means in growing their retail business while shoppers get rewarded for sharing their data.
For more on URP visit
Official website: https://rewardprotocol.com
Whitepaper: https://rewardprotocol.com/wp-content/uploads/Whitepaper.pdf
Having information about clients preferences goes a long to help any retailer. I'm glad to learn of a platform like this that makes this happen. Thanks for sharing
urp project will help boost retailing business as more consumers like me😂 will really love to accumulate urp tokens from shopping. I really love this project. You deserve an acolade for this awareness. Thanks sir
You mean we get rewarded for shopping?
I am so loving this. Will look into the WP for more info.
With URP retailers can now reward their customers for their behaviour and sharing information, this would enhance the relationship between the customers and retailers
What makes Universal Reward Protocol unique is its IoT technology included with it. It’s technology currently covers over 100,000 square meters and publishes the data on the blockchain.
This is well programmed project, with the rewards plans for shopping is absolutely excellent.
A platform set to help retailers communicate with shoppers using information provided by shoppers in satisfying their needs. Unique and quite innovative.