IOU APPROACH
IOU reinvents existing loyalty systems in order to provide more flexibility, control, and many more benefits for Merchants in order to guarantee the highest possible level of consumer satisfaction for the incurred marketing expenditures.
IOU “loyalty system” allows business owners to create a new level of interaction with consumers and, most importantly, provides the opportunity for consumers to freely exchange their purchased IOUs with other consumers for other IOUs which are needed more for those trading parties.
BENEFITS FOR MERCHANTS AND CONSUMERS
TOKENIZING MERCHANT PROMOTIONAL OFFERS ON BLOCKCHAIN
LOYALTY AND CUSTOMER RETENTION
IOU obligations would become Flagship Blockchain Loyalty Programs for Merchants, secured and effective way to promote special offers to Consumers.
VIRAL MARKETING
Each Consumer truly would become the “agent” targeting other Consumers on P2P exchange seeking to trade their acquired IOUs with other Consumers based on the need and value at the time of the transaction. Such approach allows merchants to obtain a stable influx of new customers and truly loyal customers.
IOU P2P EXCHANGE — MARKET DRIVEN FLEXIBILITY
Consumers would securely acquire IOU offers from the Merchants with specific terms for the promotional product or service such as time of expiration, limited quantity and exchange terms. Such flexibility would give Consumers certain time-frame to utilize products or services or provide opportunity to trade their IOUs with other Consumers anywhere around the world.
For example, Consumer A purchased restaurant IOU in Rome and is traveling to Paris might trade his/her IOU with the Consumer B who is traveling to Rome for the restaurant in Paris. We believe many Consumers would choose to purchase multiple IOUs from the same Merchant if the offer is attractive to have opportunity to trade some with other Consumers. This approach drives customer satisfaction while giving Merchants would not only get the opportunity to attract new customers but also receive their funds in advance.
IOUX TOKENS UTILIZATION
Merchants must pay 5% Gas fee in IOUX Tokens for every IOU offer issued for Consumers (in addition to the 5% Fee on any purchases made by other crypto currency, while purchases made by IOUX Tokens would be exempt). In exchange, to provide incentives for the IOUX Token holders every IOUX Token transaction would be granted additional 5% Discount to the Consumers. Additional 20 Loyalty Tokens would be given equally each time to both Merchants and Consumers after accumulating transactions of 1000 Tokens.
Merchant would also have an option to Guarantee the Service and issue refunds of payments if product or service offered by their IOU offers was not satisfactory. Thus additional IOUX Tokens would be escrowed until the completion of the term of the IOU Offer. During issuance of IOU offers, Merchants must agree to the Token Discount, Service Guarantee and Gas Fee Terms. This structure would ensure high utilization and demand of the IOUX Tokens.
IOU is located in a shopping center and has a simple and informal food court. The provider was very friendly and attentive, granted that we were the only ones there for most of our dinner. We went for the all-you-can-eat for $ 25.99 and left very satisfied. The fish had a fresh taste and the quail was exciting and tasty. We caught sushi nigiri so I can not really comment on the rolls. They also have an AYCE lunch menu that excludes the distinctive rolls. It always includes hand rolls and easy rolls. The lunch rate is about $ 20, consisting of taxes. As I do not order rolls, lunch is really the way to go! If you come throughout the lunch and you prefer the dinner fee with the rolls of distinction, they will suit you.
IOU Financial generated $ 29.2 million in the second quarter of 2018, according to the company's quarterly financial statements released today. This represents an increase of 11.6% over the final year and an increase of 19.1% from $ 24.5 million in the previous quarter. It is also 0.33 consecutive quarters with favorable results.
IOU taught me that I do not remember my trust in my beliefs, that I should listen to others and make their views known. I discovered to judge much less and to love more. In doing so, I have absolutely learned the strength and splendor of human solidarity. I agree that it was because I left a new family, with whom I expect to find myself in the near future. Thank you to the members and group leaders of IOU Respect 2016 and to those who made our meeting possible. I am infinitely grateful for the high quality people I have met and the wisdom they have brought to my life.
A debt acknowledgment is normally written when someone lends money to another character and wants that money to decrease with a single date. A debt acknowledgment may also be used when a supplier or a product is provided and a payment is made for it to be paid later.
An opportunity for debt recognition management can be empty. Any attempt to use an empty deal with as if it were a valid IOU object produces a RWTHRInvalidPointer two exception. You can determine if a value recognition agreement is empty by using the two isValid () member of the supporting instance.
A debt acknowledgment is a written proof of a debt. If it's signed by the borrower, it's even better. As documentary evidence of a debt, a signed debt acknowledgment is worth as much as any promissory note. Only the bells and whistles of a promise notice are missing. Any protection that may be used against a signed debt acknowledgment may be used in opposition to a promissory note.
A debt recognition is an informal file that recognizes a debt and this debt does not always involve a monetary value, because it can also relate to corporeal products. The informal nature of the potential for debt recognition may also be uncertain as to whether or not it is an enforceable contract, and the legal treatments available to the lender may be exclusive with formal contracts such as than . Because of this uncertainty, debt recognition is generally not a negotiable instrument at any time in litigation or negotiation.
Debt recognition can also be used as a means of writing a transaction in writing for future review. The file is also available for loans made to a person or company wishing to illustrate a two-amortization office over a given period. With a form of debt recognition for a loan, a repayment schedule is a must. The amount of the loan, the potential payments of activities, the quantities paid and the frequency of the payments are all points on which a celebration can furthermore consist of a form of recognition of debt. However, a debt recognition could also concern the credit debts of the two debt department
Road map
March 2017
Market analysis
May 2017
Economic feasibility assessment
June 2017
The design of the prototype
July 2017
Setting up the development environment Start of implementation of existing system modules in the blockchain environment
August 2017
Start of IOU P2P exchange development
September 2017
Phase I: module Testing and quality control
October 2017
The completion of a P2P exchange IOU
November 2017
Start of mobile application development start of phase II: loyalty project Development
August 2018
Completion phase II: Development of the loyalty project, phase III: Development of the loyalty project, Pre-ICO / Waitlisting
September 2018
The beginning of the ICO / Waitlisting
December 2018
Completion of ICO / Waitlisting the Completion of phase III: Development of the loyalty project Initiation procedures exchange listing
January 2019
IOU loyalty system testing, quality control
February–March 2019
The launch of the closed beta IOU
April 2019
The launch of the beta version of the IOU Start a marketing campaign for expansion in Europe, Africa and the middle East
June 2019
The launch of the beta version v IOU. 2.0
August 2019
Completion of an expansion marketing campaign in Europe, Africa and the middle East
September –December 2019
Marketing campaign for expansion in the Asia-Pacific region
January –May 2020
Marketing campaign for expansion in North America / Spain and Portugal / Latin America
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