INTRODUCTION
Easy Feedback Token, a brain child of the Easy Feedback project, was created to reward people who from www.easyfeedback.com communicate useful and private feedback to improve products, services and processes of companies and institutions.
EFT can be exchanged for products, services, cryptocurrencies or money at a market price. Easy Feedback has been involved in the feedback market since 2015, utilizing market concepts and innovative technologies that help solve issues related to feedback. The project took the disruptive route in 2018 as it were able to incorporate blockchain technology into the feedback market and thus launching a token to make it possible.
It aims at the below points
Manage and help improve customer satisfaction in every touchpoint with the company, identifying the dissatisfied people and reacting in real time.
Promote feedback between consumers and companies to help solve two issues that have existed, exist and will exist: the communication problem between people and the aspiration of humans to improve things.
With Easy Feedback Token being effectively launched, an online store is being incorporated into the business model. This online store we will offer:
Easy Feedback exclusive goods and services
Customers’ products and services
Third party products and services so that Easy Feedback users can use their EFT tokens.
YIOOW products and services.
Amazon gift vouchers and other freebies could be swapped for Easy Feedback Tokens if Easy Feedback customers don’t find anything of interest in the online store.
In Spain and Portugal, they can change them for Click and Gift cards, a digital gift card company that can be used in more than 100 online stores.
Easy Feedback Tokenomics?
This token, with the ticker, EFT, is hosted on one of the most reliable Blockchain, being the Ethereum Blockchain. The smart contract feature of this platform makes it immutable and trustless. The EFT fuels the Easy Feedback platform and is the currency that powers it. In the future, EFT is to be migrated to the Alastria(Red T) platform. But for now, Ethereum Blockchain would be sufficient. EFT is a utility token, with 18 decimals, and a total circulating volume of 179,141,000,000. A percentage of the tokens will be used during the token launch, and the rest is reserved to reward Easy Feedback users who send feedback to companies over time.
The total amount of EFTs shall be pre-mined at the start and the only way to mine EFTs shall be with the Proof of feedback explained above.
EFTs pre-mined in reserve are necessary to reward the feedback that, over the years, will be rewarded. This high supply, should not worry the buyer because, as we have already said, these EFTs can only be released by the feedback generated by the users and validated by the validating nodes.
Nota Bene: After the initial sale, the remainder of the 1% of total tokens that have not been sold, shall not be burnt but shall be returned to the total supply for subsequent mining through Proof of feedback.
Easy Feedback Initial Exchange Offering (IEO)
This is expected to happen in about 112 days. A Pre-sale is expected to be before it.
Sale allocation per Stage: 1,351,000,000 EFT (75.42%)
Pre-Sale = 6,000,000 EFT
Stage 1 = 320,000,000 EFT
Stage 2= 400,000,000 EFT
Stage 3= 625,000,000 EFT
Sale Bonus per Stage: 240,900,000 EFT (13.45%)
Pre-Sale = 40%: 2,400,000 EFT
Stage 1 = 30%: 96,000,000 EFT
Stage 2= 20%: 80,000,000 EFT
Stage 3= 10%: 62,500,000 EFT
e:
A Marketing and promotion programme to promote Easy Feedback is ongoing until the end of the sale. Participation can be in the following areas: Translation, Writing blogs, Signature on Bitcoin Talk, Articles on Steemit, Articles on Medium, Signature on Telegram, Posting of pinned telegram or video campaign. From the beginning we will also implement the functionalities of Tokpie which allows users registered on the platform to exchange immediately 50% of the rewards received in EFT tokens for ETH. In this way, we will facilitate the diffusion of marketing campaigns and the creation of the community, providing liquidity to the bounty-hunters who help us during the token launch.A total of 30,000,000 EFT (1.67%) has been allocated to it.
There will be a lottery of tokens at each stage of the IEO launch, of which 30,000,000 EFT (1.67%) has been allocated to. The total of the lottery fund is divided into three equal parts and each division is divided in turn into 10 equal parts, which are sent at random to 10 wallets that have been purchased EFTs. This process is repeated at the three stages of public sale of the IEO. In this way we are giving 30 owners of EFTs to win a bonus for trusting in the project.
A total of 63,000,000 EFT (3.52%) has been earmarked for advisor’s utilization. There will be advisors who look for people to buy tokens, others will be ambassadors for the brand and project, still others will provide services and technology etc.
Referral System: 63,000,000 EFT (3.52%)
To viralise the purchase of tokens during the IEO, all token buyers will receive a promotional code on completing their purchase so that they can invite other friends and acquaintances to also buy tokens. Whenever this promotional code is used in a new purchase of tokens, the system will give 10% of the total of new tokens bought as a calculated bonus in tokens. This token bonus will be divided equally between the person who passed on the promotional code and the one who used it during the purchase.
Rewards to buyers in the online store: At the second stage of the IEO, our store for selling products online will be available. However, until the IEO is over, users wanting to buy these products will be able to use euros and other cryptocurrencies. 13,510,000 EFT (0.75%) has been allocated for this. They will be rewarded with EFT tokens for 5% of the amount spent in the online store. Once the IEO is completed, products on the online store can only be bought with EFTs. This is to generate more liquidity in the market and sustain the market price.
Explainer video:
Easy Feedback resources:
Website https://www.easyfeedbacktoken.io/en
Whitepaper https://www.easyfeedbacktoken.io/wp-content/uploads/2019/06/Easy_Feedback_Token_EFT_WhitePaper_en.pdf
Facebook https://www.facebook.com/EasyFeedbackToken
Twitter https://twitter.com/easyfeedback
Reddit https://www.reddit.com/user/EasyFeedback
Youtube https://www.youtube.com/channel/UCAu7rbNwSPk_f06OicprQiQ?view_as=subscriber
Telegram https://t.me/EasyFeedbackToken
Linkedin https://www.linkedin.com/company/10092870/admin/
Bitcointalk https://bitcointalk.org/index.php?topic=5155778.msg51514197#msg51514197
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Redoc
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2409725
Eth Address: 0xcE7A64f38c973D1552450670674De3c06bc37be4