IOU ICO (IOUX Token)

kobro (28)in #iou • 5 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.

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.

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. Merchants and Consumers will be able to donate some IOUs for those in need and get rewarded for philanthropic activities. The 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.

I. FOR MERCHANTS

• IOU-Co Issuance

• Online Store displaying various Merchant IOUs on range of categories

• Mobile and browser integration for transfers of IOU offers

• Marketing Campaign module allowing multi-media and social networking integration

• Consumer Data analysis such as GPS and Buying Trends

• Various permissions and roles based on Merchant status to reach consumers

• Analytic Reports on sales and consumer interaction

• Web Services with home grown or 3rd party applications

• Rating Tools

• Merchant would also have an option to Guarantee the Service and issue refunds of payments

• P2P Exchange of IOU offers between Merchants and Consumers as well as among other Merchants

II. FOR CONSUMERS

• Purchase IOU-Co offers from Merchants directly or on P2P IOU exchange

• Exchanging IOU-Co offers with other Consumers

• Unanimous messaging system to receive communications from Merchants of interest

• Consumer Profile Management module allowing consumers to promote their interests and receiving special offers from Merchants

• Rating functionality allowing Consumers to rate Merchants as well as other Consumers

• Secure Repository of purchased and favorite IOU-Co Offers

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.

TOKEN STRUCTURE
800,000,000 IOUX TOKENS * 1 IOUX = $0.28

Allocated for ICO and Private Sale. Company will burn unsold tokens and use 20% of e-commerce transaction fees on buy-back program to quarterly acquire IOUX tokens from listed exchanges and burn those re-purchased tokens.

BONUSES
IOUX Tokens will be distributed based on the whitelisting-priority model. The ICO whitelisting process will start after the private institutional sale.

PRE-ICO: IOUX Tokens will be distributed based on the whitelisting-priority model. The pre-ICO whitelisting process will take 2 weeks after which Tokens will be offered for sale during 1 Day of Pre-ICO sale to registered individuals/entities which were approved during the whitelisting process.

ICO: IOUX Tokens will be distributed based on the whitelisting-priority model. The ICO whitelisting process will take 6-8 weeks after which Tokens will be offered for sale during 1-3 Days of ICO sale to registered individuals/entities which were approved during the whitelisting process.

Bonuses will be awarded based on the day of the whitelisting registration, total tokens sold and amount of investment. Here are the terms of the ICO bonus structure:

TOKEN DISTRIBUTION
Due to the high utilization expectations and the need for expansion capital, the Company will freeze the majority of the tokens (600,000,000) and only release up to 10% per year if necessary for company expansion, Marketing and Loyalty Programs to maintain token liquidity.

Company Management and Founders will reserve 20% of the tokens with 3 years-time based lock-up provisions.

The Company will reserve 28% of tokens only if there is a need for additional expansion capital during the first year of operation. Those unused tokens will be frozen otherwise. 2% of Tokens will be allocated for Advisors and Bounty programs.

BUDGET ALLOCATION
Most proceeds from the sale will be allocated for Marketing and Expansion purposes and 20% of proceeds will be allocated to complete the testing and release of Beta and future versions of IOU technology. All ICO Crowdsale investors will receive first invitations to the Closed Beta release prior to the Beta market release.