Review IOU Project

dikmewe2 (25)in #iou • 6 years ago

IOU PLATFORM: THE ULTIMATE COMBINATION

Now, imagine the explosive combination of e-commerce with blockchain technology and cryptocurrencies: the IOU Platform.

IOU is a true P2P e-commerce loyalty platform on blockchain

It aims at empowering blockchain Merchants and Consumers with decentralized and secure Peer-to-Peer technology driving customer satisfaction and loyalty through Merchant’s trade-able IOUs.

IOU WORK-FLOW ENGINE

IOU offers complete transparency utilizing Blockchain for its Group Loyalty offers with clear visibility, security, speed of processing and traceability of transactions through the decentralized register of all sources. IOU is Offering Merchants and Consumers clear advantages over the traditional e-commerce environment making transactions Cost-Effective and Secure while building ultimate trust between Merchants and Consumers.

Rating mechanism would boost a trust even further. Cost-effectiveness of transactions and global reach of consumers beats the conventional digital payment methods as it removes the middlemen/payment processors that take a big cut.

Not only consumers would feel secure and get significant savings but also they could use their purchased IOUs as actual monetary assets which they will be able to trade with other consumers or sell on the exchange. This is a tremendous benefit of IOU Platform.

Loyalty factor is another huge benefit allowing both consumers and merchants to get rewarded for generating top rated, quality offers and transactions on IOU Exchange.

It is hard not to mention the ability for Merchants and Consumers to donate some IOUs for those in need and get rewarded for philanthropic activities. Company would also place donation requests on special causes and would reward Merchants and Consumers, as well as match such donations to benefit those causes.

IOU APPROACH

IOU reinvents existing loyalty systems in order to provide more flexibility, control, and many more benefits for Merchants in order to guarantee the highest possible level of consumer satisfaction for the incurred marketing expenditures.

IOU “loyalty system” allows business owners to create a new level of interaction with consumers and, most importantly, provides the opportunity for consumers to freely exchange their purchased IOUs with other consumers for other IOUs which are needed more for those trading parties.

IOU VISION

IOU reinvents existing loyalty systems in order to provide more flexibility, control, and enhanced benefits for Merchants in order to guarantee the highest possible level of consumer satisfaction for the incurred marketing expenditures.

IOU “loyalty system” allows business owners to create a new level of interaction with consumers and, most importantly, provides the opportunity for consumers to freely exchange their IOU Offers with other consumers for other IOUs which are needed more for those trading parties.

IOU Peer-to-Peer (P2P) platform providing new opportunities for each Merchant (Business Merchant) in the world with regard to loyalty system organization, interaction with consumers, investment attraction, and revenue growth by the means of issuing its own freely tradable IOUs (IOU Crypto-Obligations / “IOU-CO”).

TOKEN UTILIZATION

The token IOUX is expected to be utilized in many ways, including:

• Escrow Management

• VIP Merchant Status

• Consumer Purchases of IOU Merchant Offers

• Loyalty Token Grants

• Promotional Offers

Merchants must pay 5% Gas fee in IOUX Tokens for every IOU offer issued for Consumers (in addition to the 5% Fee on any purchases made by other cryptocurrencies, while purchases made by IOUX Tokens would be exempt).

In exchange, to provide incentives for the IOUX Token holders, every IOUX Token transaction would be granted an additional 5% Discount to the Consumers. Additional 10 Loyalty Tokens would be given equally each time to both Merchants and Consumers after accumulating transactions of 1,000 Tokens.

Merchants would also have an option to Guarantee the Service and issue refunds of payments if product or service offered by their IOU offers was not satisfactory. Thus, additional IOUX Tokens would be escrowed until the completion of the term of the IOU Offer.

During issuance of IOU offers, Merchants must agree to the Token Discount, Service Guarantee, and Gas Fee Terms.