Mozo Overview

With ecommerce coming on board on the cyber space, the way we trade has been turned around. It is a good development that virtual trading is now in vogue as people now buy and sell over the internet without any of the parties getting intimate.

In ecommerce, people place orders for products in stores such as Amazon and eBay and await delivery of such products. Most times, delivery times fluctuate leaving buyers in a quagmire. The basic thing here is that delivery works in partnership with ecommerce and these deliveries are done by logistic companies.
The ecommerce industry is estimated to hit an all-time value of $2.4 trillion USD by the end of 2018. There are however problems in the traditional ecommerce industry and the earlier this is solved, the better.

Existing Problems :
The major problem in the ecommerce industry stems from delivery. Since customers are made to wait for long hours before their products get to them, they sometimes miss these deliveries especially when they’re not around.
It was reported that about 30% of Americans shopping online have reported of lost packages they ordered. This was basically because they were not at home when the delivery agent called on them.
In a related development, about 35% of Americans using ecommerce had to defer delivery of their packages to alternative addresses where they can be reached. This was not favorable as they incurred extra charges just as they had to go farther to such distant locations to get their package.
The main problem in the ecommerce industry stems from last-mile logistics. This term implies that deliveries are not made in real-time; leaving customers stranded. There is therefore need to decentralized the traditional ecommerce industry for better yields.

Introducing MOZO
Mozo is a blockchain platform that uses smart contract to improve activities related to retail and attract foot traffic to offline shops. It uses the Mozo Token as an incentive to draw people to the shops.

The Mozo structure
The Mozo ecosystem is built on the Ethereum blockchain which is very good as the Mozo Token will be used more than for rewarding customers as it can be shared among friends and family members while getting monetary rewards for their exchange on crypto currency exchange sites.

The Ethereum blockchain is used initially, it will later be changed to ‘Solo’ blockchain created by Mozo and is designed mainly for peer-to-peer micropayment transactions.

The solo is architecture in such a way that it can be used in a geographical area or even extending beyond that geographical area by connecting to the global Ethereum network.

How MOZO works?
Mozo works with the use of smart contract that is engaged to retail activities and before all this, the users and devices to be used must have been registered in the Mozo system and the Mozo app is gotten, this is what the retailer will use to direct foot traffic to the offline stores.

After getting the app, the retailer purchases the number of tokens needed which will be transferred immediately to the retailer’s wallet, then the retailer can start controlling traffic to the stores where it is needed.

Customers having the Mozo app downloaded on their phones can be directed to where there is less traffic in stores digitized by Mozo and when they purchase goods from these stores are rewarded with the Mozo token which they can use to perform various transactions on the platform and also use to shop in those offline stores powered by the Mozo System.

The retailer gets to decide how much Mozo tokens to be used as incentive, and this token will only be given after the stipulated condition by the retailer which is a win-win situation for both the retailer and the customer.

Why do we need MOZO
There are many online marketplace such as Amazon and Aliexpress. Customers prefer to visit these large online stores, because they usually have a wide range of products, from different merchants. There is always an endless possibilities of available choices to choose from. What most costumers do not realize is that they are missing out on alot of benefits by choosing this route. For instance;
⏩Often times, there is no side by side price comparison feature available on these sites.
⏩No way to check the authenticity of the products being displayed, except maybe through ratings, which might actually have been influenced by several factors
⏩Refunds and deliveries are not done as fast as if you were to walk in and buy or return an item

MOZO proposes a solution which would combine both the Offline and Online marketplace positive features and build it into the MOZO ecosystem. A platform where people can still enjoy the benefit of easy online search through items and offline certified product authentication.

Users who utilizes the MOZO platform will also be able to claim rewards when they visit offline stores. This is another way of incentivizing customers to consistently increase their traffic of offline stores.

Tokensale
Total token supply of 5,000,000 will be available. It is an ERC 20 token. 1 Token = 0.09 USD in the 1st Tranche. The fundraising goal for the Mozo project is $88M USD. The entire tokensale period will be divided into two tranches.

The 1st Tranche;
Hard Cap: US$ 42 Million
Total Tokens forsale: 700 Million
Token Price: US$ 0.09
Presale period: May 8 2018 to July 10, 2018
Crowdsale period: July 11, 2018 to July 18, 2018

The 2nd Tranche;
Hard Cap: US$ 46 Million
Total tokens forsale: 550 Million
Token Price: US$ 0.12
Crowdsale has been Targeted for the Q4 2018

TO LEARN MORE ABOUT MOZO KINDLY VISIT THE FOLLOWING CHANNELS

Website: https://www.mozocoin.io/
WhitePaper: https://www.mozocoin.io/#
Telegram: https://t.me/mozotoken
Twitter: https://twitter.com/MozoToken
Facebook: https://www.facebook.com/Mozo-Token-2039854656295415/
Ann: https://bitcointalk.org/index.php?topic=4169993.msg38256433#msg38256433

Author Information:

Bitcointalk Username: seblbj

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2022050;sa=summary