MOZO: The Blockchain Approach To Rewarding Customers

laylavasted (7)in #platform • 6 years ago

Retail business is currently greatly reduced in the sales field. this is influenced by many factors associated in it so that the chain of sales in the retail business, especially those moving with the physical store sales is very affected by the impact of the movement of ecommerce business. mozo project is a project that runs in the retail business covering an ecommerce area where mozo project offers solutions for retailers to easily locate and market their products at physical stores or online promotions, online promotion offered by mojo project is very simple but has an impact which is very large for retail entrepreneurs where in the promotion of mojo projects retail entrepreneurs can easily promote their products or stores to prospective buyers by giving some tokens or tokens to buyers or visitors, this idea does sound very alien and impossible but with a promotion like this the retail business actor will easily attract customers who are visiting the shopping area or in the area where the promotion is done.

Mozo works by using a "smart contract" associated with a retail activity. This smart contract is made between reseller smartphones or IoT devices (like Beacons) and consumer smartphones as they detect their respective devices. Smartphone and consumer retailer smartphones can receive and process transactions under consumer orders. In other words, the Mozo contract is a transaction created by a user who transfers control commands between user devices, user users, or user systems. Therefore, we make a smart contract in which the smart contract object is to process transactions on the blockchain network.

What is Mozo?
Mozo is a leader in Indoor Positioning System (IPS) technology, having successful results with leading Chinese mall operator, Wanda Group and 361 °, one of China's leading athletic clothing retailers. Strategic partnerships with industry leaders Wanda China, Suntec Singapore, and DCG Korea, put Mozo at the forefront of the retail industry in Hong Kong, China, Singapore, and Korea. With already 38,000 places committed to implementing Mozo, we up to 300,000 places will implement Mozo for the next three years. Our goal is to be the No. 1 blockchain token for the global retail market.

How Mozo Indoor Positioning Sysem For Offline Traffic Works
The MOZO Platform is built as a universal platform that is tried and tested on physical stores and deployed to customers. MOZO allows for the customers to mine, trade or collects the native currency, MOZO token, to use within the provided MOZO App. With the MOZO tokens, the consumers can convert it into other currencies such as Bitcoin or Ethereum and use it as a discount for products or services. The discount plan will be available for MOZO-affiliated stores and MOZO Redemption marketplace.

The MOZO Consumer app is available for the discovery of new physical stores, products and communication with retailers. The MOZO Retailer app is available for retail outlets or salespersons looking to offer reward opportunities to customers, check on their inventory and handle operations.

Functionality Of These Key Components
The functionality of the key components of MOZO can be described as follows:

Blockchain
MOZO is a system designed to create a secure ecosystem based on cryptocurrencies for all its users. This is why it is quite obvious that they need the help of blockchain technology. And for this reason, they have integrated Ethereum Blockchain into their technical ecosystem. The Ethereum chain of blocks is stable and better than any other chain of blocks on the market. This blockchain contains several decentralized bocks that are connected to each other and work individually to store data. The data stored within these blocks are highly encrypted and protected with private keys. Private keys are secret and are only available to authorized system personnel. Any other third party entity can not access this blocked data. Decentralization also allows the system to connect a large number of users using a network chain. Thus, the integrity of the network remains unchanged and is uninterrupted. Because data is not stored in a centralized database, hackers can not track data and can manipulate it to their advantage. This technology is a secure and transparent security protocol for MOZO.
Furthermore, with the blockchain, the smart contract system is also integrated, so that all financial contracts between the parties are self-executing, unalterable and safe. This guarantees the integrity of the contracts within the MOZO system.
Tab. MOZO
This is the most vital component of the MOZO project and is liquidity within the MOZO system. Although the registration of the MOZO platform is free, if you want to send rewards to your loyal customers, you need to send them in terms of MOZO tokens. This is the component that gives you the opportunity to increase the pedestrian traffic in your store and help you interact with more customers. In this way, you can increase your sales and further develop your business. The token can also be exchanged in different cryptocurrant exchangers, so it has a value in real time. Therefore, customers can earn profits in real time by buying their products and can also get benefits by exchanging additional tokens in the exchangers each time the token value increases.
Mobile application
The SHOPPER APP and the RETAIL APPLICATION are the applications of the MOZO token ecosystem. This application has several advanced technologies integrated into your system. There is a QR code reader, an iot system, a beacon sensor, prizes or gifts for customers and many other features for consumers and suppliers. The application is the complete control interface for MOZO users and the platform to use MOZO tokens effectively for growing businesses.
Get updates about these ICO please visit, https://www.mozocoin.io.

Importance Of Measuring Foot Traffic
The MOZO Solution presents a first of its kinds regarding simplifying the critical factor that is foot traffics for retailer businesses. For such outlets, foot traffic can account for almost all of their sales, and this goes to show the extent to which companies rely on it in making necessary decisions like the ideal spot for a new branch.

That said, analyzing foot traffic is not a simple process, but MOZO Platform could help sustain a nature in which business can easily answer specifically on their customers. Overall, the venture looks sustainable in the long run, and there is plenty of background on the development of a working product already.

How does Mozo work?
Mozo works with the use of "smart contract", which is associated with retail trade. This smart contract is established between a retail smartphone or an IoT device (such as Beacon) and a consumer smartphone, as they discover each other's device. A smartphone for smartphones and a retailer can receive and process a transaction at the customer's command. In other words, the Mozo contract is a transaction created by the user that passes control commands between a user device, user user, or user system. Therefore, we create an intellectual contract in which the object of an intellectual contract is the transaction processing in the chain network.

MOZO Token
MOZO Token functions as an incentive for users and to facilitate the customer onboarding. The provision of the tokens also facilitates the testing out of new services among the customers and retailers, trading of products and represents discounts or cash back.

1st Tranche (phase)
Pre-sale dates- May 8 2018 till July 22, 2018
Crowd sale dates- July 23,108 till July 30, 2018
Tokens available- 700 000 000
Price rate- US$ 0.09
Hard cap- US$ 42 000 000

2nd Tranche (phase)
Crowd sale dates- expected Q4 2018
Tokens available- 550,000,000
Price rate- US$ 0.12
Hard Cap- US$ 46,000,000

ICO Details
Symbol- MOZO
Platform- Ethereum network (Solo blockchain)
Model- ERC20
Crowd sale price- 1 ETH= 4,800 MOZO/ 1 BTC= 68,800 MOZO tokens
Token supply- 5,000,000,000 billion tokens
Tokens for sale- 550,000,000
Accepts- ETH, BTC, Fiat (USD/SGD/HKD)

Token Distribution