Online shopping has grown to a remarkable 2304 billion USD as of the present and is predicted to rise even more to a jaw-dropping 4135 billion USD in 2020. The numbers, thus, signified an unprecedented increase over the past years. It’s another milestone for mankind. Through the retail e-commerce businesses easily reach a global audience and consumers conveniently shop anywhere and anytime.
Nonetheless, skeptics are taking a stand that the e-commerce industry is partially slanted towards the merchants. Businesses continuously earn and expand their operations, while the consumers ceaselessly spend money without getting returns, except for the value of convenience. Not to mention that shipping fees are oftentimes shouldered by consumers. Yes, affiliate companies do exist to supposedly bridge merchants and buyers and eventually level off the playing field. What affiliate companies typically do is to form partnerships with merchants and earn commissions from them, and in return they grant discounts or cashback rewards to consumers who purchase merchant products through their platform. Unfortunately, only a few affiliate platforms now are truly consumer-centric and global.
Dealjoy, a blockchain-based affiliate platform, is about to revolutionize the e-commerce industry once more by redefining the manner through which cashback rewards are given to consumers.
Existing Affiliate Industry Problems
Firstly, the affiliate industry faces the problem of high transaction charges, particularly payment and money transfer charges, which are commonly passed on to ordinary consumers. Sometimes even the payment or money transfer charges are way higher than the cost of the ordered items. This does not even count the shipping fees, which again are being imposed on consumers unless there are discretionary discounts given or the free shipping limit is reached.
This has a cascading effect on the amount of discounts or cashback rewards given to consumers by affiliate companies. To a certain extent, affiliate companies need to cut down the rewards amount in order to sustain the business. By the end of the day, the consumers are at the losing end.
Secondly, besides the financial burden to consumers, most affiliate companies are still inefficient in terms of processing. For one, they still make use of the traditional payment platforms like Paypal and bank transfers which set cash limit on inter-country withdrawals. Sometimes, the platform lacks physical presence in the consumer’s host country. These limitations cause delays and discourage other consumers from purchasing online, unless their items are of utmost importance. These limitations are indeed barriers to a full-force globalization of the e-commerce industry.
Again, this efficiency problem has a spiral effect on the quality of service of affiliate companies. Instead of focusing their efforts on forming several other strategic affiliations, their hands are filled with money transfer issues.
Thirdly and lastly, the giving of private information seems to discourage a number of consumers from engaging in e-commerce. The moment the sensitive information (e.g., credit card number, birthdates, bank account number, full name, etc) leaves the hands of consumers, they can no longer control what is going to happen. Quite possibly, as is usually the case with centralized platforms, the information will be misused for fraudulent activities.
The Dealjoy Solution
To resolve the high cost and efficiency problems, Dealjoy thought of tokenizing the retail rewards economy. To do so, the rewards platform has to marry with the increasingly popular blockchain technology. As it is known, the blockchain or distributed ledger technology allows a more secure, seamless, and borderless transaction compared to the traditional wire transfers. How does it work?
Dealjoy will strategically partner with trusted merchants, both international and local, to earn commissions for sales closed within the platform. Simultaneously, Dealjoy will continue to attract a large base of global consumers, who will have to purchase their favorite brands through the Dealjoy platform using their fiat currencies. After shopping, consumers earn DEAL tokens which can be used to purchase items in the Dealshop or be traded in an exchange. The cycle just goes on and on for every Dealjoy purchase, similar to any other rewards company.
Unlike the ordinary rewards platform, however, Dealjoy has its own wallet that allows tokens to be transferred anytime, anywhere without the usual prying eyes of financial authorities and restrictions on the amount. More importantly, because Dealjoy is nestled on Ethereum, a blockchain network, there is no need for consumers to divulge highly confidential private information. This guaramtess safe and enjoyable online shopping experience. Besides the security features, the platform also boasts of a multitude of vendor partners and a user-friendly interface that timely prompts deals.
Token Sale Details
The cashback industry, believe it or not, is valued at 84 billion USD and still growing. Now that micro, small, and medium entrepreneurs have gained an easy access to online selling, the retail e-commerce industry is expected to increase in size and so does the concomitant rewards industry. Given the trend, Dealjoy will most likely have high traffic of transactions. To get your hands on the tokens as early as possible, you are encouraged to join the sale and the whitelist. Below are the following important sale details to get you started:
Ticker: DEAL
Price: 1 ETH= 40,000 DEAL
Token Supply: 1,400,000,000 DEAL
Tokens for Sale: 980,000,000 DEAL
Soft Cap: 1,700,000 USD
Hard Cap: 8,400,000 USD
For more information and details on the project, find them by visiting their official website or reading their whitepaper. Be updated as to the current events happening during the ICO by visiting their social media pages.
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4628510.0
Website: https://dealjoy.io/
Whitepaper: https://dealjoy.io/files/Dealjoy_Whitepaper.pdf
Telegram: https://t.me/dealjoy
Facebook: https://www.facebook.com/Dealjoy
Twitter: https://twitter.com/dealjoyofficial
Medium: https://medium.com/@dealjoy
Author: Instaco
Author Link: https://bitcointalk.org/index.php?action=profile;u=2050406
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good work brother.
https://steemit.com/cryptocurrency/@anwar1/what-is-cryptocurrency-mining-a-guideline
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