The loyalty reward program used today has a lot of issues. Ranging from unredeemed points to customers not knowing their balances nor points expiry date. This has led to a huge number of unused points amounting up to 100 billion dollars. This poses a problem as loyalty programs are very useful in bringing returning customers. Mozo understands this problem and with the arrival of the blockchain, Mozo intends to disrupt the loyalty reward system using its Mozo tokens. With the introduction of the Mozo token, a lot of problems plaguing the customer reward program would be solved.
The Mozo token has been referred to as the token of discovery. With its introduction, there would be a clarity of reward programs which would allow for a symbiotic relationship between merchant and customer. The merchant with the loyalty program would be able to draw customers back to the store or mall and grow customers in due time, while the customer, in the process of purchasing items from the shop gets tokens that possess real monetary value.
The Mozo token solves the issue of transferability of loyalty points in the reward system, the ignorance of point balances and expiry with its tokens always able to be used with no issue of expiry. The problem of ascertaining points with value will also be eiliminated as the Mozo token will have a fixed monetary value. There will be apps for both retailer and consumers to use and manage the Mozo token.
In terms of discovery, there’s also another way the Mozo token will be an entrance for unearthing an ecosystem. The backbone of the Mozo project is the Mozo token which is a cryptocurrency. The induction of cryptocurrency into normal life operations will allow for a potentially bigger market for the whole of crypto because of its introduction to those not familiar with the crypto space. Take for example, someone who has heard about cryptocurrency but doesn’t know how it functions or is confused by the way it operates, gets tokens as a reward from a merchant. With the information that the token will have monetary and cryptocurrency value, the incentive to use that token will be laid, thereby allowing for the customer to delve into the world of cryptocurrency. This could be strongly beneficial to the cryptocurrency market’s capitalization as this could potentially allow for the market to hit it’s never reached all time high of 1 trillion US dollars and even surpass it.
Mozo is a project that has been in effect for about two years and are backed by key VCs. Contracts have been signed by Mozo with top players in the merchant marketplace as a result of its clear and unwavering vision. There at least 38,000 stores that will use the Mozo token once it launches thereby creating a large ecosystem so early into the project. Mozo aims to commit about 300,000 stores to use the Mozo token in the next three years.
MOZO TOKEN DISTRIBUTION
MOZO ICO
The Mozo token is an ERC 20 token and will have a total supply of 5,000,000,000 tokens. Only a quarter of the total token supply, 25% will be allocated for public sale. The hard cap to be reached is 88 million US dollars. There will be bonuses offered for different investments at the public sale.
To get more information about Mozo, visit the links below
Website: https://www.mozocoin.io/
Whitepaper: https://www.mozocoin.io/pdf/060418_whitePaper_mozo.pdf
Telegram: https://t.me/mozotoken
ANN Thread: https://bitcointalk.org/index.php?topic=4169993
Facebook: https://www.facebook.com/Mozo-Token-2039854656295415/
LinkedIn: https://www.linkedin.com/company/mozo-project/
Twitter: https://twitter.com/MozoToken
Medium: https://medium.com/@mozotoken
Author Username: DJHaywire
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2037035
