Crypto Pacitan : IOU - Empower Blockchain Merchants and Consumers with Peer-to-Peer Technology

IOU - Empower Blockchain Merchants and Consumers with Peer-to-Peer Technology

Hello everyone, this time I want to introduce a new project. Let's look at the IOU project, the upcoming project:

About IOU

IOU Platform: Empowering Blockchain Merchants and Consumers with decentralized and secure Peer-to-Peer technology

The global eCommerce market has undergone explosive growth over the past couple of years and looking ahead, its future looks bright. After reaching $2.3 trillion in 2017 (U.S. dollars) in global e-retail sales, it is poised to grow up to $4.48 trillion by 2021 (U.S. dollars). This expansion has been primarily driven by consumers using their mobile devices to buy goods and services.

But in this ultra-competitive environment, finding and acquiring new customers can be a huge challenge for Merchants, especially as brand loyalty is diminishing: 53% of adults living in high-income households claim they are willing to switch brands in order to use a coupon. Players in this market also endure challenges such as keeping customer loyalty, achieving profitable long-term growth, and choosing the right technology and partners—to name a few.

To combat these hurdles, change is on the horizon as blockchain technology’s evolution is radically changing the way many markets operate. Important USPs of blockchain such as transparency, coherence, cost-effectiveness and effective integration with processes at all levels of business bring the e-commerce market endless opportunities.

And now with the explosive combination of e-commerce, blockchain technology and cryptocurrencies, IOU Platform will provide even greater opportunities to the market.

GLOBAL DIGITAL E-COMMERCE TRENDS

TOTAL POPULATION : 7.476

BILLION URBANISATION : 54%

INTERNET USERS : 3.773

BILLION PENETRATION : 50%

ACTIVE SOCIAL

MEDIA USERS : 2.789

BILLION PENETRATION : 37%

UNIQUE MOBILE USERS : 4.917

BILLION PENETRATION : 66%

ACTIVE MOBILE SOCIAL USERS : 2.549

BILLION PENETRATION : 34%

GLOBAL E-COMMERCE REVENUES NUMBER OF PEOPLE PURCHASING VIA E-COMMERCE : 1.61

BILLION E-COMMERCE PENETRATION (NUMBER OF PURCHASERS VS. TOTAL POPULATION) : 22%

TOTAL VALUE OF GLOBAL E-COMMERCE MARKET IN 2016 (IN US$) : $1.915

TRILLION AVERAGE ANNUAL E-COMMERCE REVENUE PER USER IN 2016 (IN US$) : $1,189

IOUX TOKENS UTILIZATION

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.

IOUX TOKEN STRUCTURE AND ICO BONUSES

800,000,000 : IOUX TOKENS ISSUED

800 IOUX TOKENS = 1 ETH

600,000,000 Tokens will be frozen and would only be released as needed for company expansion, Marketing and Loyalty Programs to maintain token liquidity (up to 10% per year).