CRYPTO IMPROVEMENT FUND<< >> CIF
CIF is an asset designed first and foremost as a business incentive program rewarding cryptocurrency adoption. Although there are other aspects to this project, cryptocurrency business adoption is our number one priority.
1 Business Rewards Program
The main incentive behind this asset is the CIF Business Rewards Program. This program will reward businesses for their increased awareness, involvement and acceptance of the cryptocurrency market.
To qualify for the rewards program. Businesses must incorporate and use a form of cryptocurrency as a viable payment method for their clients. The type of cryptocurrency at this point is not defined due to the fact that this asset is meant to increase the awareness and acceptance of the cryptocurrency market as a whole entity – not promote an individual coin.
The program will be offered at zero cost to the businesses involved with our value added services being our revenue source.
To qualify for our rewards program, businesses must show 6 months of sales transacted via a cryptocurrency. The business must also show proof that the means of payment (various altcoins) are advertised and communicated to clients.
Businesses will receive a quarterly amount (“allowance”) of CIF based on total asset value once calculated upon ICO completion. The allowance will have to be re-calculated against total asset price if asset price increases or decreases. Total quarterly CIF allowance will be calculated based on monetized volume of business conducted with cryptocurrency. Greater volume of transactions will equal a greater allowance.
The goal behind this is to not only incent businesses to use cryptocurrency, but reward them for doing so. Cryptocurrencytraining and consulting will be offered to businesses who are involved in the rewards program (see – Value Added Services) to allow them to exchange their CIF for Fiat currencies or use for our value added services/ customer loyalty altcoins. With CIF the merchant demand is reflected back onto the underlying market which in turn increases the value of the altcoin. CIF is a altcoin of fixed supply. Considering there is a certain finite amount created for qualified businesses per quarter the value will continue to rise as demand increases and supply is controlled. The CIF unit price will continue to rise making the program more attractive to new businesses and more lucrative for early adopters.
2 Business Rewards Program Practical Application
Practical Application of the Business Rewards Program will be as follows. For this section the business rewards program will be referred to as the “program”.
Business Rewards Program Launch – January 2018
New Program applicants will be signed up quarterly. Coins will be allocated yearly for new program applicants. Existing program applicants supply will be maintained as per initial registration.
Businesses will have to register on a public ledger which will be available to audit and view at any point in time. All businesses will be vetted to the best of our ability and will be open to public investigation and scrutiny at any point in time.
Businesses will have to show 6 months transacted sales via cryptocurrency to qualify for the program.
Businesses will have to show minimum 15% total volume of sales conducted via cryptocurrency to qualify for the program. This number may be increased due over time.
Businesses can be removed from the program at any time if they do not meet the minimum requirements.
This formal process will be put in place to ensure the sustainable growth of the program and continued profitability of the coin holders – contracts will be created for new program applicants.
Businesses on the program will be leveraged to offer discounts to CIF holders if purchases are made using CIF coin.
Businesses on the program will be leveraged to offer discounts if purchases are made using cryptocurrency (in general).
CIF Holders should note that issuing altcoins for the program will not devalue their coin. Steady linear growth is to be expected as program issued coins would actually increase awareness of CIF therefore increasing overall value. This is due to the fact. These program coins would act in a way much like a bitcoin faucet.
Value added services are considered to be revenue generating and have been incorporated into our business model to ensure steady company growth through traditional revenue generating models.
Businesses can use these assigned CIF to exchange for fiat and convert to dollars in any currency, convert them for other cryptocurrencies or use them as a customer loyalty altcoin.
2.3 Customer Loyalty Tokens
CIF can also be used as a customer loyalty incentive program. As discussed previous, there are many ways in which businesses can make use of their allotted allowance of coins. Although exchanging to Fiat is a viable option, the premise of the coin is to enable businesses to promote the increased use of cryptocurrency. Based on this premise, CIF can also be used as a incentive to reward clients for transactions completed via cryptocurrency with the vendor.As a loyalty incentive program, the business/vendor will be supplied with training and tools in order to instruct customers on how to download a wallet and receive the altcoins once registered online.
This will act like a traditional loyalty program in the sense that it will enable the vendor to advertise to the client after receiving consent as well as promote the client to engage further business with the vendor – using CIF or other cryptocurrencies as a payment method.
The drawback of traditional loyalty programs is that there is significant upfront CapEx cost to the business with no guaranteed benefit. ROI is sometimes hard to determine in a small business environment for these programs. Using CIF as a loyalty incentive eliminates all risk associated with the loyalty program as the there is no capital risk as they assets are received at no cost. Proper training and documentation will be provided to the business in order to ensure the success of their customer loyalty program.
3 Value Added Services
There will be Value Added Services offered through CIF Ltd. Which will complement our asset. For additional Value Added Services see “Technology”.
Meraki Turnstyle Integration – Partnered with Meraki, their innovative Turnstyle platform offers businesses an easy and convenient way to transfer altcoins to customers. Turnstyle is an innovative platform for transforming WiFi into a rich proximity marketing technology, generating clear and measurable ROI. Turnstyle’s platform gives businesses the ability to trigger real-time messages, coupons and rewards directly to shoppers’ phones based on their movement patterns within a Meraki powered venue - all without the need for a mobile application. This allows retailers and other venue owners to communicate directly with customers as they engage with the brand, driving increased loyalty and basket size. A strong analytics engine supports these marketing efforts, providing strong insights to help design and measure each campaign. We would work with Meraki Turnstyle to integrate our CIF asset and allow businesses to deliver altcoins to customers in their immediate vicinity, incenting them to conduct business with them. Meraki Turnstyle integration would be a revenue generating option.
Training – We will be offering professional training courses related to cryptocurrency and its function in the business landscape. These are offered to business clients using our business rewards program. These will include fundamentals, to in depth looks at the technology as well as using cryptocurrencies as an investment tool. These courses will be offered in class or via webinar for all interested parties. This is a revenue generating option.
Consulting – We will be offering consultation on cryptocurrency specific marketing strategies as well as generalized ecommerce marketing strategies. Professionals will be responsible for ensuring that brick and mortar businesses enter the ecommerce workspace successfully and are able to incorporate cryptocurrencies into their day to day business transactions with ease all while maximizing profit. Consulting services will be a revenue generating option.
ICO :-
As an ICO Participant you will be a shareholder of CIF Ltd. An open forum will be launched shortly after the ICO has been completed. On this forum you will have exclusive ability to register and influence key decisions of this company. You will have direct communication with our executive team through open forum as we aim to be as transparent as possible. We hope that through holding CIF assets you will want to participate on the future direction of this company.
Coin Name: Crypto Improvement Fund
Coin Abbreviation: CIF
Type: POW/POS
Algo: X11
Retargeting Algo: Simple
Time Between Blocks: 120s
Block Reward: 50 CIF
Block Reward Having Rate: 200,000 Blocks
Total Coins 500,000,000
POS Interest: 1%
Min Stake: 30 (days)
Max Stake: 90 (days)
Premine: 40% (200,000,000) – Breakdown Below
Crowdsale :-
*The CIS Token distribution will be broken down into 3 periods.
*The token distribution will take place over 90 days
*Total CIF to be distributed: 125,000,000 CIF
1.This period will start at 17:00 UTC October 1st 2017 and will end 16:59 UTC November 1st 2017.
85,000,000 CIF
2.This period will start at 17:00 UTC November 1st 2017 and will end 16:59 UTC December 1st 2017.
30,000,000 CIF
3.This period will start at 17:00 UTC December 1st 2017 and will end 16:59 UTC January 1st 2018.
10,000,000 CIF
website :-https://www.cryptoimprovementfund.io/
CIF paly very important role to improve the crypto.