MB8 Coin (MB8) | ICO for Reward Systems and Payments

MB8 coin (MB8) is a hot new token that works like "fuel" for existing loyalty rewards networks through an organization known as the Multibuy Group. The token is touted to have proven real world use and is accepted amongst a network that consists of over 2100 businesses around the globe. The token is looking promising for use in the payments and travel and tourism sectors.

MB8 coin works by taking already established reward tokens and converting them into coins with redeemable value in existing networks. This redeemable currency can then be used for booking of holiday events, travel and online product purchases through the Multibuy Circuit. It is set to become the spiritual successor to the Multibuy Group's original rewards-based currency, Eurocredit Plus.

The reason MB8 token is set to replace Eurocredit Plus is due to the difficulties in scaling up traditional rewards-based systems to the global market, which is costly, logistically difficult and labor intensive through centralized distribution system's. With the improved efficiencies of Blockchain, MB8 coin is able to add new degree's of security and protection from fraud, while maintaining great transparency amongst the rewards systems. This allows for control over distribution, integration, support and expansion of the network.

As a cryptocurrency, MB8 coin is set to experience a 5% annual growth reward for holding tokens on the network. Over time, as more MB8 coin is added to cryptocurrency exchanges, the team believes that MB8 coin will find its "true value" through the laws of supply and demand. Right now the most successful product available for use with MB8 coin is Multibuy Travel, which was originally used for booking holiday travel in Eurocredit for travel destinations that are registered on the Multibuy Circuit.

MB8 coin has an accompanying mobile app to go along with it. The mobile app contains an integrated coin wallet for sending/receiving of coins amongst different retailer and exchange networks. Through the mobile app customers will be able to interact and connect with different restaurants on the MultiBuy network. On top of this, from the MB8 coin wallet you can send MB8 coin to multiple currencies for use on different pre-paid cards.

The token works off of an X13 algorithm and a Proof-of-Stake consensus mechanism. For the time being, citizens from the USA and China are unable to participate in the current ICO. If you are interested in learning more, check out the MB8 Website and Whitepaper