Method of trade has grown from the traditional means of physical trade to online trade called e-commerce. Reason because many see the efficiency and how fast transaction are being executed in an online trade.with this online trade has gain much market adoption and the physical retail store is listing its grip on customers as it continues to loose customers tragic daily to online trade.
In order to reinstate this past glory of physical retial
Store many merchants have dive into the use of loyalty programs to gain back their lost customers and bring in new ones.
Loyalty programs are programs designed to influence customers to make purchase with the reward of incentives attached to it. Loyalty programs reward customers for their loyalty and patronage on a particular product or brand. The more the customers purchase that brand's product the more the incentive they receive in return. This program has not only be effective to retain old customers but to also invite new ones.
As effective as this program is many customers still do not undertand the concept and method of operation behind it.
The point based loyalty which have been mostly used is not fully comprehended by many customers and users of the loyalty program as most of them do not know what their point balance is and also mnay do not even know the value of their point. So how effective will the quest of inviting new customers to the fold with loyalty programs ad a tool be if the very customers can not fully comprehend how the sigle point loyalty program works.
Over the years top players in the retail and commerce industry seeks to implement the 'earn and redeem' loyalty program but to no avail, the good news is that with blockchain technology in place now the search is now over as blockchain will aid in developing a universal loyalty program that will drive the much needed foot traffic physical malls needs.
ABOUT MOZO COIN
Blockchain has a number of benefits: it is implicitly secure, adaptable, cost-effective and universally accessible. People are starting to wake up to the practical uses of blockchain and its potential to revolutionize industries and solve age-old problems – one of which is retracing the steps of customers back to traditional offline retail trade stores.
Mozo token is a platform which is built on blockchain technology with the aim of providing a better chance for physical retail stores to thrive and compete with online trades. The mozo token is a token whoch is convertible to and from loyalty points and it will be used to execute transaction across all specific malls. The decentralized feature of blockchain makes it possible to access the full potentials and use of mozo token anywhere and anytime the the customers wishes to.
HOW DOES MOZO TOKEN WORKS
Mozo provides merchant with a mozo-in-a-box package which offers free mozo tokens and custom made beacons and steakers the retail store use thos beacons at their store to note customers that comes in and then reward them diligently.
Consumers can also earn mozo token free of charge when they sign up using the mozo app. Mozo will be beneficial both to the consumer and the merchant as the consumer get incentives for patronage and the merchant drives more foot traffic to his retail store
TEAM INFORMATION
Conclusion
Commerce has seen great improvement since the inception of blockchain and with the help of mozo token many offline merchants will experience great increase in profit as they command large foot traffic to their retail store.
For more information visit:
Website: https://www.mozocoin.io
Whitepaper :https://www.mozocoin.io/pdf/060418_whitePaper_mozo.pdf
Medium: https://medium.com/@mozotoken
Twitter: https://twitter.com/MozoToken
Facebook: https://www.facebook.com/Mozo-Token-2039854656295415/
Telegram: https://t.me/mozotoken
Writer: lynks
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1266433