International Auto Club (IAC): International Cashback Payment System
DECENTRALIZED MARKETPLACE WITH A MULTILEVEL CASHBACK
1 token = 10 AutoUnits = $1
1 AutoUnit = $0.1
WEBSITE: https://www.auto-club.io/
WHITE PAPER: https://www.auto-club.io/wp-content/uploads/White-Paper-IAC-En.pdf
International Auto Club (IAC) is a blockchain-based is an automated platform bringing together the best features of payment systems, cashback services, and partnership programs. Unlike other ICO’s, IAC is not a startup project; the corporation is fully advanced and is the biggest cashback service in Russia. With its plan to move the business to blockchain technology, it aims to offer its clients more effective solutions. Currently, IAC is at the expansion stage where it is planning to provide its services to other countries.
IAC aims to be the bridge between consumers and businesses, in order to provide a win-win situation for both where neither the consumer pays more the business loses money in the competitive market. Additionally, at present, there are no systems that allow cashback payment system in cryptocurrency. The International Auto Club ICO presale begun on January 25, 2018.
Platform
In 2014, a small group of like-minded people set an ambitious aim to make the life of consumers better and easier by providing them with the best quality goods and assistance at wholesale prices. The company is based on the idea of uniting people to jointly solve issues related to saving the family funds. As a result, the new corporation was established as International Auto Club. The website was launched. (www.auto-club .biz)
The corporation transfers all internal payments to the blockchain using an internal currency called AutoUnit. This is a system of mutual settlements that allows increasing the level of transparency and financial security of all registered users, to avoid system centralization and users dependency on the corporation, to accelerate development and to increase the turnover of enterprises that joined the platform.
How Does the Platform Work?
Both consumers and enterprise register free of charge. Consumers can avail discounts and offers on the platform while businesses can profit from the burgeoning client base. Once a consumer is registered, one can make use of the referral program. For enterprises, the Autobonus program is available which will maintain records of purchases. The platform also allows customers to withdraw funds into fiat money. Registered enterprises can get discounted rates on paid services such as advertising, internet marketing, website creation and mobile applications. Registered consumers can pay with the internal currency for purchasing goods and also get access to the partner programs.
Platform Capabilities for Consumers and Businesses
How to Join the International Auto Club (IAC)
Since IAC proposes services for both consumers and businesses there are two different types of membership available. Individuals can enroll free of charge. Once enrolled, they will receive a link to share with family and friends through email or social media. The consumer will receive a percentage of all purchases made by their referrals and can use these funds towards goods and services. This means the more referrals users make the more cash back earnings they will be able to earn. International Auto Club offers goods and services from 20,000 different businesses and users can even withdrawal the funds using a plastic debit card. Funds can also be used to upgrade user status within the IAC system. Users will appreciate the range of goods and services to choose from including car washes, insurance, grocery supplies, and even tourism. Enrollment for businesses is also free of charge. IAC registered businesses choose what type of discount they want to offer users and set the cash back agreement based on IAC guidance. By installing IAC’s Autobonus program businesses will be able to keep track of users and the purchases made using this platform. The International Auto Club has over 45,000 users monthly and works to promote products for each member business getting their goods and services into the view of potential customers worldwide. Most of the funds earned through the ICO period will be used towards further developing the online payment system and increasing platform marketing to build a larger user base.
Existing Problems
IAC’s Solution
IAC is a Russian working payment platform that was formed 4 years ago and has more than 70,000 partners and 600,000 users offering discounts and offers for IAC users. The developers of this platform had the end user in mind and are in a forefront making it possible for families to purchase quality services and products at fair wholesale prices.
IAC main objective is to unite and help people save and cut down on family budgets and in the process improve the quality of their lives. The platform founders aim to incorporate the automation, transparency and security courtesy of blockchain to further improve efficiency and effectiveness of the platform. Blockchain will also allow the creation of their cryptocurrency, AutoUnit which in turn allows the coin to be listed on an exchange.
At its core, IAC is simply a payment platform that merges the benefits of cash back, referral and partnership programs for its users irrespective of the store type. Both offline and online stores benefit from new customer exposure and referral /partnership programs through its 9 tier recommendation system.
So far, IAC is the only platform with its own payment system and a cash back service available at more than 12,000 offline stores spread in Russia and CIS countries. IAC payment system has its own wallet making it possible for participants to settle all goods or services within the platform.
On top of this, participants will be rewarded when they participate in status upgrades, projects or partnership programs. They also have an affiliate program where participants earn with every referral and even receive a percentage from all their purchase.
From this, it is evident that the consumer has a platform that they can make cheap purchases and earn from their generous referral program. Consumers can even upgrade and increase their earning since the amount of fund allocation increases.
On the other hand, businesses don’t have to advertise as they have access to customers all over the world and can even make free placement of offers and products directly on IAC site. If they want to transact while on the go, they can simply download IAC app, place free offers straight from their app and if a business opportunity presents itself, they can easily process large wholesale orders. Without forgetting, IAC has developed their internal management and motivation system for businesses’ employees.
Benefits For Investors
Why Blockchain?
The use of blockchain technologies is one of the most important conditions for the further successful improvement of the platform in the new technological paradigm.
Technology Stack
Ethereum: The Token is a standard Ethereum ERC20 token, with an additionally implemented role model, defensive math, and functions for sales automation and cooperation with the current payment systems. AutoToken is not used for exchange trading as it is outlined to charge AU in the AutoUnit system after being tested and debugged. AutoToken is held on the user’s balance and remains unchanged until AutoUnit gets charged. Once an AutoUnit is charged, the AutoToken gets destroyed.
Market Overview
According to Cashback Industry Report, the world’s cashback market reached $80 billion in 2015. RetailMeNot’s study “The State of Cash Back Offers” showed that more than a third of the 1,000 service users would make purchases in a new store if it offered a cashback service. In the US cashback services have already become a fundamental life part for an average consumer. One year savings can reach $1,000 or even more. Forbes’s author Rob Berger in his article on cards with cashback proclaimed in 2016 wrote that for two years the amount of his cash back on the Citi Double Cash Card was $ 3,404.36.
According to Statista.com in 2016 the global e-commerce retail sales market earned $1.86 trillion and will reach $4.479 trillion by 2021. The growth of the e-commerce market stimulates the development of the cashback industry all over the world. In Russia, the e-commerce market changes have a vital impact on cashback services market.
IAC’S Advantages on the Cashback Service Markets
IAC’S Advantages On The Blockchain-Based Cashback Platform Market
A relatively large and growing number of active affiliates, online and offline stores and various services suppliers:
– More than 12,000 organizations provide discounts for the platform users;
– Cashback in 12,000+ offline stores in Russia and CIS countries;
– Cashback in 700+ online stores.
A wide range of goods and services: IAC does not limit itself to only one portion of the market; you can find nearly any goods and services on the platform from grocery to insurance, from tourism to car washes.
The platform has the unique feature of referral cashback a loyalty programmed consisting of 9 levels. Each level guarantees the user an increase in cashback and passive income from purchases made by referrals.
IAC’s cashback can be as high as 90% of what the platform receives, depending on the size of the cashback set by the supplier, and the status of the user (user, affiliate user, partner, and VIP partner).
Currently, there are about 650,000 users registered on the platform and making use of cashback, discounts on goods and services and other bonuses. Among them there are more than 70,000 members of the Auto Club, who have the access to additional services and a higher cashback rate. The platform has been functioning smoothly for over 3 years which means that it is a successful and time-proven business. The platform is financially stable and cash gap-proof due to the large number of active users, good trade turnover, and a smart monetization system.
SWOT Analysis
IAC ICO Details
85,982,639 AutoToken tokens will be issued. Token will be created constantly, as the sales continue. The tokens price will be equal to $1. The company also plans to emit 859,826,390 units of the internal currency called AutoUnit (AU). Token Holders exchange the AutoTokens into platform’s internal currency AutoUnit and can pay for the services and merchandises with the discounts on the platform. AutoUnit can be also purchased and sold on the stock exchange. After the end of the ICO (Q2 2018) token holders will be able to exchange AutoToken for AutoUnit at the rate.
The company plans to sell 70% of its tokens. The rest will be spread between the participants of the bounty campaign, the project’s team and advisors.
AutoUnit’s Liquidity is Ensured by Several Factors:
Funds Distribution
Bonuses and Bounty
Bonuses are discounted prices at which AutoToken can be bought. There will be a separate discount on tokens at each step of the sale. Two types of discounts will be accepted: discounts for Partners of IAC and discounts for the rest of the buyers.
Goals Prognosis
Currently, there are more than 600,000 users registered in the system, the annual turnover of the corporation equals $8, 3 million USD. Based on retrospective data on the growth of these numbers in early years, we can assume the following rate of growth in the coming 4–5 years:
The main driving forces behind the growth of these numbers should be:
The creation of a marketing strategy for development into foreign markets;
A marketing campaign developed based on the marketing strategy and media studies;
Regular monitoring of trends on the cashback platform markets, as well as on the markets of payment systems, FinTech, blockchain, and crowdfunding;
Expansion of the referral network, the perfection of advertising methods;
The technological advancement of the platform, new ways of using the blockchain technology.
IAC’s Payment System
Payments for all kinds of merchandise and services via an internal digital wallet;
Rewards for participation in our projects: Corporate University, Beauty Academy, and Real Estate
Purchase Crowdfunding Platform;
Rewards for participation in partners programs and status upgrades;
Issuing of co-brand cards in collaboration with Alfa-Bank.
IAC’s Achievements
Roadmap
Team
Advisors
ICO Partners
ICO Trackers
IAC’S Discount System Partners
More Information “IAC” Follow The On Social Media
WEBSITE: https://www.auto-club.io
TELEGRAM: https://web.telegram.org/#/im?p=@autounit2018
FACEBOOK: https://www.facebook.com/autounit.iac.2018/
TWITTER: https://twitter.com/AutoUnit2018
WHITEPAPER : https://drive.google.com/file/d/1Lk3NcJ8IZXAND-eTgtuu2TQxrjO8yb0b/view
BITCOINTALK LINK : https://bitcointalk.org/index.php?topic=2840432
BITCOINTALK ANN THREAD : https://bitcointalk.org/index.php?topic=2802831.0
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