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 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.
HOW IT WORKS
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 beat
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.
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”)
BENEFITS FOR MERCHANTS AND CONSUMERS
- Loyalty and Constomer Retantion - IOU obligations would become Flagship Blockchain Loyalty Programs for Merchants, secured and effective way to promote special offers to Consumers.
- Viral Marketing - Each Consumer truly would become the “agent” targeting other Consumers on P2P exchange seeking to trade their acquired IOUs with other Consumers based on the need and value at the time of the transaction. Such approach allows merchants to obtain a stable influx of new customers and truly loyal customers.
- IOU P2P Exchange - Market Driven Fkexibility - Consumers would securely acquire IOU offers from the Merchants with specific terms for the promotional product or service such as time of expiration, limited quantity and exchange terms. Such flexibility would give Consumers certain time-frame to utilize products or services or provide opportunity to trade their IOUs with other Consumers anywhere around the world.
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
crypto currency, 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 additional 5% Discount to the
Consumers. Additional 20 Loyalty Tokens would be given equally each time
to both Merchants and Consumers after accumulating transactions of 1000
Tokens.
Merchant 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. This structure would ensure high
utilization and demand of the IOUX Tokens.
