INTODUCING THE TOKEN OF DISCOVERY

jamisky (42)in #blockchain • 6 years ago (edited)

INTRODUCTION
The retail industry has benefitted greatly form the use of internet through e-commerce. To further improve it’s performance and also improve the performance of the global retail industry Mozo will introduce the application of blockchain technology. A technology that creates a world in which contacts are embedded in digital code and stored in a transparent and shared databases. The vision behind Mozo is to create a global ecosystem that will attract foot traffic to physical stores through the unification of rewards system by the Mozo token( the token of discovery). The Mozo platform will allow it’s users of Mozo to mine and collect cryptocurrency (Mozo token) whenever they use the Mozo app to discover new product at physical stores.

LOYALTY REWARDS PROBLEM OF GLOBAL RETAIL INDUSTRY
Loyalty rewards are given by companies and retail outlets to customers who make frequent purchases. The most common is the point based system. Rewards may be in form of merchandise, rewards coupons or even advanced released products. As attractive as these loyalty rewards look the problems associated with it are enormous. This include inability of customer to track different reward points from different store they patronize because point are unique to a certain retail outlets. Furthermore, problems faced by customers in redeeming their loyalty rewards is getting bigger day by day. First there is lack of transparency from merchants and rewards don’t usually have significant value, rewards can only be redeemed at stores in which they received it, lack of communication not to mention the stressful procedure costumers go through in getting the rewards. Most merchants main aim is to get new customers through rewards program to increase their revenue and do not want to reward them.
The MOZO SOLUTION
Mozo will bring a revolution to the retail industry by pioneering it’s development into a new age. Mozo is offering a permanent lasting solution that is superior to any form of rewards system currently available globally, a solution that can never be outdated. Mozo will offer many of the benefits of decentralization such as transparency to customers in terms of reward points while also allowing users to discover variety of products and services through its IOT based device. Mozo will introduce a unified rewards system through the Mozo token, a system that bridges the online-offline gap in the retail industry by allowing it’s users to locate products in physical store from their regions. Also, Mozo have signed up 38,000 stores which are committed to use Mozo upon launching. A 20% increase in foot traffic capability will result in US$16 Billion increase in mall valuation, US$14 Billion of extra revenue for stores and occupy US$12 Billion of loyalty market value.

THE IMPLEMENTATION OF BLOCKCHAIN ON MOZO THROUGH ETHERUM AND SOLO
Transactions on Mozo will be on etherum blockchain before moving it to project Mozo’s own technology called Solo. Solo is a new DAG type of blockchain network that is designed to support P2P transactions on the within the Mozo ecosystem. Transactions on Mozo network are initiated by the sending user and can only be approved by the destination user only representing the perfect definition of a peer to peer network without intermediaries.
The Solo blockchain network is designed to support regional areas e.g. a city, town or country. With the use of global etherum network Solo can expand geographically by connecting different regions together through etherum blockchain network.ERC-20 and ERC-23 tokens like Mozo are fully supported on the Mozo blockchain network.

THE MOZO TOKEN
Mozo token will be the utility token of the Mozo platform. Consumers can earn, buy and redeem Mozo tokens by walking into a physical store.
The Mozo Token sale information
Total supply – 5,000,000,000 Mozo token
25% of the total supply (1,250,000,000 Mozo token) is allocated to token sale (The token sale is in two tranches)
1st Tranch
•Token price : $0.09
•Method: Pre-sale and crowdsale
Number of tokens: 700 million
Hardcap: $42 million
2nd Tranch
Token price: $0.12
Method: Crowdsale only
Number of token: 500 million
Hard cap : $46 million
50% of the total supply (2,500,000,000) is allocated to the Mozo treasury
25% of the total supply (1,250,000,000) is allocated to the Mozo foundation.

Use of funds