2018 Affiliatecoin release (ICO), Roadmap plans

Hey Steemers, there is a new ICO called "Affiliatecoin", and I will be explaining the fundamentals of the coin along with their future plans.

Affiliatecoin is a decentralized affiliate marketing network that uses smart contracts to create secure, indisputable transactions on the blockchain.

One basic thing to know before you know about Affiliatecoin, is what affiliate marketing is:

Google:
a marketing arrangement by which an online retailer pays a commission to an external website for traffic or sales generated from its referrals.

In other words 3 steps:

1. You market or recommend a product or service to people (people that you know like followers etc.)
2. Some of those people purchase or the product you recommended
3. You get you get paid a commission for those purchases

There are a lot of fundamental flaws to affiliate marketing such as mistrust, delayed payments, and limited pay per action capability.

With Affiliatecoin, they remove the middle-man in affiliate marketing so that trust is no longer an issue. Merchants will know that they are only paying for the completion of clearly defined end user tasks, and publishers efforts will never go unrewarded. There is an endless amount of people involved in affiliate marketing and Affiliate coin uses a public ledger of the blockchain, so everything will be recorded on a public record with no corruption.

Affiliatecoin has an exchnage that gives you a free a 25 AFLC (token) sign up bonus. There is even a guide on how to purchase some Affiliate tokens. This exchange is overall not very impressive, but it is still in the process of being developed.

When doing affiliate marketing with Affiliatecoin 98% of your transaction would be a profit.

There are 7 great aspects to Affiliate coin that changes affiliate marketing:

Eliminate fraud – Using Blockchain technology and Smart Contracts we can drastically reduce this, if not effectively eliminate it completely

No sign-up fees – AffiliateCoin will have no signup fees and no monthly subscription fee. This will lower the barrier to entry and allow many more Merchants and Publishers to utilise Affiliate Marketing.

Increase Trust – This problem is absolved by the use of Blockchain technology and Smart Contracts. A successful task completion triggers execution of the Smart Contract and releases funds to the Publisher without the need for a middle man.

Transparent Payments – The use of Smart Contracts will eliminate this problem because payments will be automated and every transaction stored indisputably on the public ledger of the Blockchain.

Better customer experience – Using Smart Contracts we can ensure that the discount codes are active, and only grant commission to the authorised users as defined in the Blockchain.

Verified codes – Unique discount codes given to Publishers are stored on the Blockchain and verified as part of the Smart Contract. This means the reward can only be issued to the intended Publisher.

Smart matches – Using machine learning we are able to generate fantastic recommendations for both Publishers and Merchants. This will create better relationships and drive higher ROI.

When getting started with Affiliatecoin, there 5 simple steps:

1. Registration- register for an account at https://www.affiliatecoin.io/en
2. Verification- Account is verified using traditional Email open, ID
3. Security- two step verification is setup for extra security
4. Creation- Upon verification the Affiliatecoin wallet is created
5. Dashboard- They are then taken to their merchant or affiliate dashboards

Affiliatecoin has both a roadmap for their blockchain and also their marketing platform:

Marketing platform roadmap:

October 2017- Concept
January 2018- Affiliate Network Spec and Timings complete
February 2018- Conceptual Prototype working
April 2018- Main Development Phase
October 2018- Feature Completion, QA & Testing in preparation for Beta
December 2018- Beta Release and Phase 2 Development Begins
June 2019- Launch of Affiliate Network

Thanks for tuning into this crypto article about the new ICO, Affiliatecoin. Please stay tuned for more daily crypto articles!