Many entrepreneurs engage in the production of goods and services in a bid to satisfy consumers needs, for production to be complete in its real sense, those goods and services have to reach the final consumer. To achieve this goal of getting products across to final consumers, gave rise to intermediaries otherwise known as merchants, you act as a middleman between producers and consumers. When goods are produced and sold to merchants, the producer on his own part has covered cost accrued in the process of production, but what happens when the merchant is not able to sell the products due to low patronage? Your guess is as good as mine, hence the merchants need customers finding out about his location and walking the distance to reach him and patronize him, to ensure this he has to employ a variety of loyalty programs motivating customers to come back again another day.
Website: https://www.mozocoin.io
ABOUT MOZO
Foot traffic is very important in the growth of many businesses, especially retail stores, as a greater foot traffic equals the possibility of a higher sales. Directing foot traffic to a retail space has always been a major challenge, being not the only one that sells a particular product, chances are they found it somewhere closer and to patronize them, hence that particular customer is lost. In view of this challenges, loyalty programs have been initiated as an effective way to bring return customers back to the stores, this helps to increase frequent visits and a greater number of purchases.
Website: https://www.mozocoin.io
72% of customers have considered all other factors will buy from a retailer with royalty programs than from a one without. While the loyalty program is a tool to further increase sales, some of these loyalty programs aren't as effective as they ought to. According to Bond's loyalty report (2017), more than half point-based loyalty programs participants,(57%) of them don't know their point balance and more than one in the three of them, (38%) are unaware of the value of their points, let alone knowing how to use them.
Website: https://www.mozocoin.io
Single merchant membership reward systems are less effective and valued by consumers, hence it is not an effective tool for the proposed purpose of increasing foot traffic. Hence, the search for a more effective earn and redeem loyalty program has been a very big challenge and a subject of complex studies in the retail industry for years now. Now, the struggle is over. The breakthrough in blockchain technology and IoT offers new ways to entice customers and promises to be the forerunner in helping retail outlets increase foot traffic, thereby having more sales.
Website: https://www.mozocoin.io
With MOZO consumers are transformed into customer driven to retailers that offer and accept MOZO, with that in place, merchants will have the most effective and efficient loyalty program available, all under a business model that can best be described as the "Token of Discovery". The MOZO platform unites human curiosity with MOZO incentive process to establish an efficient Token of Discovery system for the retail industry.
Website: https://www.mozocoin.io
THREE THINGS TO KNOW ABOUT MOZO
Mozo is a liquid, tradable and exchangeable cryptocurrency in the heart of this new universal loyalty program network, a kind of token that adheres to the well established and popular Ethereum blockchain network.
it features a digital wallet that can earn and redeem rewards globally and across merchants wherever the internet connects.
rewards offered can be connected via a smartphone App that also allows you to discover products and services.
LOYALTY PRESENT DAY PROBLEMS
due to undervaluing of loyalty programs, a huge percentage of the consumer's points, coupon and vouchers are stored up but never used.
customers are unable to remember or easily check their points balances or when those points will expire.
ignorance on the part of customers of what their points are worth.
points can't be transferred in between customers.
high cost of maintaining loyalty programs, especially those with low financial and human resources.
high advertisements costs.
Website: https://www.mozocoin.io
SOLUTIONS
consumers can earn tokens instead of points, and can redeem it any store or cash back, discounts or other rewards, and can exchange it for cash if they wish to.
with the help of digital wallet, tokens are collected as rewards and can be transferred to other wallets globally across Ethereum and solo networks, and tokens are redeemed across merchants in the network.
with MOZO retailer App, the merchant can decide how many tokens to reward consumers with for their behavior and action, that is rewarding them for their loyalty.
there is a built Offline to Online(O2O) system which the MOZO team has designed internally and is available on GitHub, a kind of redemption marketplace, where consumers can redeem their earned tokens by simply using the consumer App with a ready-made digital wallet.
Website: https://www.mozocoin.io
TOKEN DETAILS
The Total Supply of the Mozo Token is 5,000,000,000 Mozo Tokens and the total allocated tokens for the presale and tokensale is 25% of the total supply and the Hardcap of the token sale is capped at $88m, the token sale is divided into two phases, one to be held in Q3 2018 and the second to help in Q4 2018.
Website: https://www.mozocoin.io
The price for the token during the crowdsale period is:
• 1 ETH for 4,800 Mozo Tokens
• 1 BTC for 68,800 Mozo Tokens
SUMMARY
The retail business has impacted the lives of millions in no small way, yet there is a problem facing them, which is low patronage as a result of low foot traffic. The MOZO platform has resolved the issue of retail low patronage by creating a platform that rewards customers with loyalty programs in the form of tokens and also ensures their return to retail stores thereby enhancing sales.
TEAM
For more inquiries, do not hesitate to click the links below:
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
Author btt link: https://bitcointalk.org/index.php?action=profile;u=1328702
BTT username: bl3zzy