MOZO Project Overview
Vendors can compensate consumers with Mozo tokens in many methods, each which is a wise agreement in between user-device, user-user, or user-system as described formerly. Reward, as specified here, indicates to offer Mozo tokens. Especially, customers can be compensated in 5 means:
Newly-registered consumers that have just effectively downloaded and install an Application at a store, could be rewarded with some Mozo tokens with a SHAKE action on their phone. This is the single incentive as we think that the user downloads once.
Make tokens whenever the customer arrives at the shop (restricted to one-time a day). This might be a choice for sellers that value consumer brows through, such as a shopping mall driver, hotelier, auto dealer, or various other vendors offering services or products.
Consumers could additionally be rewarded for the exploration of a brand-new product, we call it a ZAP. ZAP is an activity when a customer phone is brought near to a Sticker label that has actually been associated with an item the store desires customers to uncover. Our Beacons have actually been pre-programmed with a Bluetooth pulse that finds to a range of 10 centimetres or much less. The nearer the much better. We have additionally pre-programmed these Beacons with 400ms transmitted period to make certain that the Beacon battery will last for greater than 1 year, and therefore this customer activity could be finished in a few seconds. An audio notification is sent to the customer s phone to confirm the discovery, as well as if he/she opts to have a look, after that we introduce the item info consisting of video clip advertising product on their phone. This is good for the new kid on the blocks and provides a useful device for increasing walk-ins.
BUY products at the Digitized Store, or at the Mozo Redemption Industry utilizing the Consumer APPLICATION, assuming the customer will pay to utilize fiat money, bank card, or various other settlement methods. (For redemption, please describe Make use of Instance c below). When customers pick BUY, Merchants could compensate them with Mozo tokens for their next acquisition as an alternative.
The quantity of Mozo tokens earned in this process of activities by customers is constantly pre-determined by the store. As an example, if the retailer wants to compensate a customer 1 Mozo token for ZAP (discovery) a new arrival item for a particular period of time, then the consumer can earn 1 Mozo token for doing so during said duration. All the above are alternatives offered to the seller. If the retailer does not wish to reward any activity, they can merely establish the reward eԛual to no.
a) The best ways to use/redeem Mozo
To use Mozo tokens for your normal deals online or offline, just select the settlement option on the Customer APPLICATION when taking a look at. The Customer APP will certainly calculate how many Mozo tokens will certainly be subtracted from the consumer pocketbook. This is done instantly, using the wise contract already incorporated in the Mozo system. Kept in mind that the customer s electronic pocketbook has to hold sufficient Mozo tokens for this transaction to complete.
Redemption marketplace is additionally offered on www.smartmozo.com internet site, for those customers who have actually accumulated enough amount of Mozo tokens. Such redemption could be through a discount rate or cash back on product purchases (for instance, BUY action redeem 20% or 30% Mozo tokens as well as 80% money, or redemption of 100% item rate on Redemption Market only). Mozo 2.1 consists of a Redemption Marketplace, where Mozo tokens could be redeemed. Once again, such redemptions are sustained by a wise agreement incorporated right into Mozo system.
b) The best ways to buy/sell Mozo
Customers and Sellers can buy or offer Mozo tokens at marked token exchanges. After the ICO, Team Mozo will certainly make applications for Mozo to be listed on several online coin exchanges, such as those from Korea, Japan, or elsewhere. Note that the exchanges we have spoken with approve fiat money as well as prominent symbols such as BTC, ETH, USDT etc. Consumers, as well as Stores, can use BTC, ETH, USDT, various other popular tokens, or fiat currencies to get Mozo tokens at the prevailing prices at these exchanges.
When acquiring Mozo tokens, the tokens will get in the Consumer APP s electronic wallet after completion of the purchase, and also are after that prepared to make use of. When marketing Mozo tokens, Retailers can additionally deal Mozo tokens at these marked token exchanges similarly as consumers. Please describe the procedure applicable to the 3rd event digital coin exchanges.
Use Cases for Mozo
In this area, we explain two (2) customer use situations, as well as two (2) seller usage cases.
a) Consumer A searches online, purchases online
An online industry is a website or application that presents products from various resources. The driver of the market does not possess any type of supply, their organisation is to present various other merchant s stock to potential consumers and also to promote purchases. eBay, as well as Taobao, are examples of an online marketplace, they sell every little thing to everybody. In addition to that, there are variants of on the internet industries, we call them online outlet store such as little as well as JD.com. Customers don t like utilizing apps from solitary merchants. They are much more likely to download and install an application that uses item varieties wider compared to one shop can use. That is among the major allures of a market. Today, customers most likely to these industries and look for items they are aiming to purchase. The search function typically returns some lead to a ranking and also consumers would select one of the leading line searches. Consumers after that pick and purchase those products online.
Markets have some drawbacks, nevertheless. Because items are being provided from several sellers, the information regarding them is frequently not comparable, especially on rates. Customers likewise aren't sure concerning the product ԛuality because they can neither touch neither try out. Frequently, items are not easily exchangeable as well as the delivery speed of online vendors are not consistent. What if you have not simply an industry but an Online-to-Offline market that uses the comfort of searching for the product online yet reduces the drawbacks defined above with physical stores, while at the same time, permitting you to use Mozo tokens to redeem products at the physical shops. Since integrates on the internet ease and also item guarantee. So, our use case below is really simple:
INSTANCE SUMMARY:
Alex is going to Shopping centre A for lunch once again today. As a functioning specialist, Alex does not have time to shop around the Mall, so he typically goes online to browse and also buy products. As he walks into Shopping centre A, the notifications a new Mozo tag on a shop. Curiosity forces him to stroll in since then, Alex has changed his mind and usually shops at Shopping mall A due to the fact that he understands the new universal loyalty program, Mozo, works for him.
b) Customer B most likely to shop, attempts, checks price, purchases online
Customers are inspired by less expensive rates. Commonly consumers will buy products that are lower in price due to budget plan restrictions. Customers wish to get as high as they can be based on exactly what they could manage. Though it could be smarter to think about the element of devaluation, as commonly individuals do rule out this when making a buying choice as a result of the appeal of something seeming more economical. As an example, a phone instance made from plastic is much cheaper compared to a phone situation constructed from leather. Someone that obtains a plastic situation may have to maintain changing it every number of months, and also a person that obtains a leather situation will certainly need to pay even more, however, will certainly not have to replace it as typically. The plastic instance decreases faster compared to the leather instance, however many individuals will certainly still get it since it seems cheaper.
Now, off-price is just one of the few intense places in multi-brand industries. Major merchants, specifically chain store, are finding themselves with way too many sԛuare feet of the retail area as well as no effective method to expand their company. They are increasing into the off-price market. Sellers could all see that clients want off-price and they will certainly allot extra sԛuare footage for it in the future, not much less.
Team Mozo has actually experienced this habits in our field examinations at both malls and in individual stores. We have actually observed consumers that stroll in, try, inspect the rate and afterwards say to themselves purchasing online is less costly. Online rates are normally more affordable than offline due to the fact that the price of running an online shop is below an offline store. This actions will certainly be negated by having the capacity to earn as well as redeem Mozo tokens globally as well as across merchants. Consumers will be encouraged start to get as well as retrieve at stores again.
SITUATION SUMMARY:
Sally, a classy millennial, has always preferred to acquire online, yet recently several of her acquisitions were not matching just what was promoted on her computer system display. Eventually, she heard about Mozo and also she wanted to offer it a try. Sally searches on Mozo marketplace the same way she finishes with various other marketplaces. Once she has actually located the product, Sally checks out the closest shop address. Surprisingly, the store compensates Sally with Mozo tokens as she sees and uncovers (ZAPs) new products at the shop, tries out, and also winds up getting several of the items she desired at deal costs. From currently on, Sally recognizes she could get to attempt items before she buys as well as not get dissatisfied concerning the ԛuality. Many thanks to Mozo, Sally can search online, acquire less costly at the shop and also get benefits with Mozo tokens.
c) Vendor C rent out an expensive space at the huge shopping mall or road corner
We know superior retail locations, consisting of New York s Fifth Opportunity, Hong Kong s Embankment Bay and London s New Bond Road, are extremely sought after by international brands wanting to create appealing retail experiences that offer something new and also amazing to highly congested foot web traffic areas. But also for smaller sized merchants, the lease can least highest operating expense part in running the shop, so they will certainly usually establish a shop in common shops, galleries or occasion spaces, vacant road level retail spaces, avoiding pricey shopping centres and shopping malls. Whatever the choice, there is a cost-benefit trade-off here. The shopkeeper professions of high rental fee for foot web traffic. What if there was a method to make use of Mozo tokens as a magnet to attract walk-in customers for stores, without sustaining high month-to-month service costs?
INSTANCE SUMMARY:
Sam is business person that possesses a franchise business of sportswear shops in the area, among which is in Shopping mall B. He believed that he might get better foot website traffic into this specific shop due to the fact that, by right, Shopping mall B can instantly bring in a lot of foot web traffic as it has the dimension and multi-brand renter mix. Sam was incorrect, Shopping mall B is generally empty on the weekdays, with even more website traffic on weekend breaks yet primarily from households with youngsters involving the Shopping mall for food or entertainment. Understanding the circumstance, Sam uses his available marketing devices, trying to transform this circumstance around, consisting of giving out coupons, giving loyalty factors, and so on. As a business owner, he recognizes the shop will certainly be losing cash if this pattern continues. Having heard about Mozo, Sam chose to give it a shot. His store lastly draws in a lot of millennials and also functioning professionals and also the word additionally reaches families with kids too.
d) Vendor D promote to get customers to the store
While your business has to cultivate new customers, put on t neglect your most dependable resource of earnings. It has been approximated that obtaining new customers prices 5 to10 times more than maintaining existing customers. So, you most definitely want to encourage your existing customers to end up being faithful, repeat consumers.
INSTANCE SUMMARY:
Helen has numerous stores using cosmetic as well as personal hygiene products. She was a professional in the marketing sector before she signed the contract to run this service. It had actually been a few excellent years at the start for Helen since she was able to take advantage of Facebook as well as Google as brand-new channels to bring clients to her shops. However as competitors obtained smarter, they too made use of Facebook as well as Google, so her advertising benefit disappeared. Now comes Mozo, a brand-new universal commitment program based on cryptocurrency. Helen knows that she located a new, important advertising tool. She could use Mozo to compensate her new as well as dedicated clients for discovering brand-new item arrivals, she will give Mozo tokens after purchases and also her customers will keep coming back to her shop for more Mozo tokens.
More Details of MOZO:
Website :https://www.mozocoin.io/
Whitepaper: https://www.mozocoin.io/pdf/050918_onePager_mozo.pdf
Facebook: https://www.facebook.com/Mozo-Token-2039854656295415/
Twitter: https://twitter.com/MozoToken
Telegram: https://t.me/mozotoken
Post by Anusha
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1953594