IAC: An Ecosytem of Improved Cashback, Payment Services & Partner Program Features.

djhaywire (25)in #blockchain • 6 years ago (edited)

In my previous post concerning IAC, a brief overview of Cashback Systems, Payment Systems and Partner Programs were discussed while also buttressing the issues facing them. In this post however, the specifics of International Auto Club (IAC) and how they intend solving these problems will be fully discussed in this post.

IAC can best be described as an ecosystem bringing together the benefits of Cashback, Payment Systems and Partner Programs all onto one platform while including other benefits to them and ridding them of their drawbacks. The platform is set out to also provide a balance and equity in gains for both consumers and businesses. That is, helping customers get the best of products at cheaper prices and the company getting more exposure and making more money while spending less on marketing and promotions.

IAC is an already established platform already providing solutions to most of the problems discussed in the previous post by:

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Providing Cashback in over 12,000 offline stores;
Allowing payment for several products and services using a digital wallet owned by IAC which in turn offers rewards to its users for partner programs and;
Giving small business and startups a level playing field with others to showcase itself and become a key model by offering affordable financial investments and setting them up for affiliate programs and much more.
IAC’s Working Plan.

In order to achieve their goal, the following processes have been setup:

Both the consumers and businesses register for free on the platform;
After the company registers, they put up discounted products up for sale with some cashback percentage pay agreed upon by the business and IAC while the consumer gets a referral link which he/she broadcasts around just like Affiliate Marketing;
Upon every purchase made via the link shared, the consumer gets a cashback on those purchases and the business gets the record of all these via the Autobonus Proram.
On the platform, consumers can pay for a wide variety of products using the Autotoken which can be converted to fiat for withdrawal and can be bought by purchasing using card to card function in the account.
The business has the opportunity of registering new participants, running paid ads and developing mobile and PC apps.
IAC Technical Analysis
The IAC Platform makes use of the Blockchain technology which is widely known for its high security features and transparency. Because of this factor, all data stored on the network are decentralized and immutable. In simple terms, even if one server fails, data does not get lost neither does it get tampered with. This system uses a Delegated Proof of Stake (DPoS) as opposed to the Proof of Work (PoW) and Proof of Stake (PoS) which are widely used. This is to ensure faster transactions because it needs less blocks for transaction confirmation whereas PoW and PoS need lots of blocks for verification which is primarily the cause of slow transactions.

Expansion Rate and Projection.

With over 12,000 offline stores already making use of the IAC platform and 12,000 providing discount services and cashback services to 600,000 registered users, the IAC platform has proven to be off to a great head-start. Some notable partnership has been made with certain stakeholders in the global market sphere and by estimates, IAC is projected to reach 60 Million Users with 3 Billion US Dollars within the next three years.

IAC Tokenomics

Autounits are a very integral part of the IAC network. They are more like smart contacts responsible for holding transaction details and execution of transactions between two parties. Autounits provide consensus between both parties involved and can serve as a proposal that can be offered by any party during a transaction. These Autounits will be priced at $0.1 once the blockchain network is launched.

#IAC #Cryptocurrency #MultilevelCashbackService

All transactions on the IAC platform shall be made using the Autotoken which is an Ethereum ERC-20 token used for transactions on the Blockchain network. It is currently priced at $1 and has a total supply of 85,982,639 Autotokens of which 70% will be made available for public sale, 15% for Bounty, 5% for Advisors and 1% for the team. The ICO ends on July 22nd with a current discount of 3% for public and 5% for partners after which the tokens can be exchanged for the fiat currency.

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