Subbit: Subscription Payment Scheme On Blockchain

Consumer products are ever increasing, and thanks to internet technology, more people are able to get their hands on them. But then, making a one-time payment for a purchase can be discouraging, more so if it is a huge purchase. Such a concern has brought forth the birth of the subscription payment scheme, allowing consumers to subscribe to a product or service and pay for it in monthly installments. This scheme also benefits the vendors as they are assured to receive monthly payments, and gain customer loyalty at the same time. This scheme seems to be working well, if the tremendous increase in its popularity is a sufficient measurement. But despite being popular, subscription-based businesses still fail in comparison to the much bigger e-commerce-focused companies. Truth be told, bars to entry are relatively high for the small players, and perhaps the technology behind subscription-based business is antiquated by this time, and deemed no longer suitable to the demands of the times.

It therefore becomes more necessary than ever to put the subscription-based businesses on blockchain. Doing so will bring the business closer to more consumers and enable the integration of smart contracts to efficiently and automatically manage transactions. And this is, exactly, what Subbit intends to do. Subbit will become the very first blockchain platform in the world that will allow consumers to pay for goods and services via the subscription payment scheme. This move will significantly reduce the impact on the consumers’ finances as they will only need to spend a smaller amount month after month. This also means, consumers get to have more cash in their pockets for other necessities.

The subscriptions economy will be dramatically transformed because access to it can be done in just a few clicks over a smart phone. Small and medium sized enterprises, as well as local service providers, will enjoy greater visibility because Subbit is not limited by space. It’s on a blockchain platform, in a digital world. Market reach is bound to only expand and get better as Subbit secures a lasting relationship between service providers and their customers.

Subbit is designed to also serve as a donation platform. Charity and non-government organizations are burdened with tons of paper work just to secure a donation, and even then, they cannot be 100% sure if the donations will even reach them at all. Subbit will help resolve this. Because everything is moved by smart contracts, significant reduction in workload can be expected. Charitable organizations can also look forward to recurring payments every month.

Subbit will benefit social influencers, too. The platform will provide them with another revenue stream by allowing them to create a customized subscription package. Social influencers, we know, are earning quite a lot of money through advertisements and sponsorships, but that is, of course, if they already have quite a following. In this case, Subbit will provide them with additional income while further increasing their base following at the same time. Meanwhile, there are social influencers who do not have the same level of success as the others. They have difficulty breaking into the market, and cannot therefore earn as much as they should. Subbit will be the best platform for them, then. Subbit will open the doors wider for them to enter the market in the first place, and then once there, they will be able to build their base following easily.

Unlike other revenue streams for social infuencers, the Subbit platform is non-intrusive. Users are not forced, but they subscribe on their own will. Moroever, subscribers can expect a higher quality of content because their subscription will drive social influencers to come out with content that are actually relevant. Subscribers may also be incentivized through the the SUBBIT Subscriptions Partnership Network (SSPN) ™ which links social influencers and brands, and allows the the generation of exclusive deals and privileges for subscribers.

The Subbit platform is therefore groomed to become a vibrant ecosystem, driven by the SBT token. The SBT token is what will make one’s contribution to the ecosystem (whether as a vendor or as a consumer) a rewarding experience. Vendors participating in the ecosystem will enjoy greater visibility, reduced paperwork, cashless transactions and better cashflow, to name a few. Likewise, they are are assured of recurring income, and their customers’ loyalty. Consumers, meanwhile, can enjoy the convenience of shopping without worrying about how they are to pay for their purchases. By using the subscription payment scheme, consumers can manage their finances more responsibly, while shopping to their heart’s content.

Moreover, Subbit ecosystem participants will love the way the Subbit mobile app product is developed to their utmost convenience. Sporting a simple interface, the app comes with a Facebook and Google Account integration feature to enable a quick and hassle-free registration. Users need to download the app first, register and then add a payment method. Subbit supports all payment forms, including Paypal, Google Pay, Apple Pay, credit cards, debit cards, Bitcoin and other cryptocurrencies, and of course, it’s very own SBT token. Worth noting, though, users who prefer the use of SBT tokens are qualified for discounts, cash backs, rewards, and other exclusive deals. Once a payment method is added, users can then search for a subscription package using the built-in scanner, Subbit Code Scan. Remember, the Subbit marketplace will feature thousands of subscription products and services, including restaurants, shops, events, literally “everything under the sun”. And having found what they’re looking for, they are now ready to Subb-it!

Ready to Subb-it? Following the steps below:

Token Details:
Name: SBT
Pre Sale Start Date: August 20, 2018
Max Cap Private Sale: 20M USD
Token Price: 1 ETH = 80,000 SBT
Project Protocol: ERC 20, ETH
Sale Supply: 12.4 Billion SBT
Total Supply: 20 Billion SBT

For more information, visit the following pages:

Whitepaper: https://www.subbit.io/wp-content/uploads/2018/07/subbit-whitepaper.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4631809.msg41865068#msg41865068
Website: https://www.subbit.io/
Telegram: https://t.me/subbitico/
Twitter: https://twitter.com/gosubbit
Facebook: https://www.facebook.com/gosubbit/
Medium: https://medium.com/subbit
Youtube: https://www.youtube.com/channel/UCj40kogX5zDbokHvMX9AMwQ?view_as=subscriber
Bitcointalk User: Kalikanan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2079149