MOZO - The Token of Discovery

anov996 (28)in #ico • 6 years ago

Mozo is a token to discover the future of commerce. A future where Mozo becomes a digital platform for physical retail malls to thrive side by side with online commerce. Mozo is a blockchain-based solution for venues and retailers to increase foot traffic at offline stores. By issuing Mozo Token rewards, customers are driven directly to venue operators and store owners, being encouraged to discover new locations, browse products, and make purchases. We are bringing foot traffic back into the physical stores.

Mozo is the future of the retail industry. With proven, state-of-the-art technology it shouldn’t come as a surprise we already have 38,000 venues committed to implementing Mozo. We are projecting this number to grow to 300,000 over the next three years. Large malls are just one of the many venues that can benefit from Mozo. Hotels, restaurants, stadiums, events halls, resorts, and tourism boards are some of the other obvious applications that can benefit from using Mozo tokens. Anyone who would like to control and increase foot traffic can benefit from Mozo.

Mozo is a leader in Indoor Positioning System (IPS) technology, having successful results with China’s leading Mall operator, Wanda Group, and 361°, one of China’s leading athletic apparel retailer. Strategic partnerships with industry leaders Wanda China, Suntec Singapore, and DCG Korea, puts Mozo on the forefront of the retail industry in Hong Kong, China, Singapore, and Korea. With already 38,000 venues committed to implementing Mozo, we project up to 300,000 venues will implement Mozo over the next three years. Our intention is to be the Number 1 blockchain token for the global retail market

How Does Mozo Work ?

Mozo works by using a “smart contract” which is tied to retail activities. This smart contract is established between the retailer’s smartphone or IoT device (such as a Beacon) and the consumer’s smartphone as they detect each other’s device. The consumer’s smartphone and retailer’s smartphone can accept and process a transaction under consumer’s command. In other words, the Mozo contract is a user-generated transaction that transfers control commands between user-device, user-user, or user-system. Hence, we create a smart contract where the object of the smart contract is to process the transaction on the blockchain network.
Before using Mozo, users and devices must first be registered with the Mozo System and the blockchain network through authentication procedures. In case the device (such as a Beacon or Sticker) is difficult to be registered by itself, the administrator must then first identify the unique ID (UUID) of the device and register that device. After that, the retailer’s salesperson must associate the device with the product that the retailer wishes to sell. The method to identify the device in case of Beacon or Sticker is to use a Bluetooth scanner, which will return the unique ID of the device. However, if this is not the case, the tool should hash the unique response information so that the device can be automatically disconnected from the blockchain network and reported to the administrator whenever it has been tampered with. This is to protect the retailer’s and consumer’s interests.

Token sale information

A fixed supply of Five Billion (5,000,000,000) Mozo tokens will be created for the operation of Project Mozo. Thereafter, no further tokens will be created. From this total supply of Mozo tokens (type ERC-20)

Token Distribution

• 50% (or 2,500,000,000 tokens) will be allocated to the Mozo Treasury for merchant & mall acquisition and for initial rewards by airdrop to consumers that download the Mozo APP. We plan to use this Merchant Treasury to support consumer airdrops for 38,000 retail stores already committed as of the date of this whitepaper, and to grow our Merchant base to 300,000 retail stores and 800 malls globally in the next three years.

• 25% (or 1,250,000,000 tokens) will be sold to the public in two (2) tranches: The first tranche of 700,000,000 tokens will be sold at US$0.09 each, in a private sale, commencing on May 8, 2018 until July 10, 2018, and a crowd sale from July 11, 2018 to July 18, 2018. The hard cap this tranche will be US$42 million.

The second and final tranche of 550,000,000 Mozo tokens will be sold at US$0.12 minimum, targetedfor Q4 2018. The hard cap of this tranche will be US$46 million.
The total hard cap for these two (2) tranches will be US$88 million.

• 25% (or 1,250,000,000 tokens) will be allocated to the Mozo Foundation (vested over two years), and Advisors, Partners & Brokers (vested over 6 months). The Foundation includes our founders, existing technical staff who built and will build Mozo software versions 1.0, 2.1 and new technical staff who will be hired to build Mozo 3.0, 4.0 and so on. Advisors, Partners, & Brokers are the retail, financial and technology experts we employ in assisting us throughout Project Mozo. Included in the Advisory list are the ICO advisors who assist us until the completion of the ICO. Partners are those having strategic relationships with Mall and Retail operators, who are responsible for securing the registration of these Malls and Merchants with Project Mozo. Brokers are those who help us in our presale activities

Crowdsale Bonus

20% Best Deal : 50 ETH / 5 BTC or more in one transaction
10% Popular : 1 ETH / 0.1 BTC or more in one transaction
No Bonus : 0.1 ETH / 0.01 BTC or more in one transaction

Use Of Funds

Research & Development 30%

Development costs include retaining the current core team, as well as hiring more blockchain developers, App developers, machine learning data scientists and UX/UI specialists

Sales & Marketing 40%

Marketing costs include promotion of Mozo operations, retailer acquisition, market outreach, strong social media presence, regional marketing efforts.