Overview:
Subaj is the blockchain project which is developing a decentralized platform where companies, retailers, merchants etc can provide loyalty rewards to their customers in terms of cryptocurrency. The platform also allows the merchants, retailers and companies to create their own crypto- token on this platform. The Subaj platform will thus help these companies to grow their sales. On receiving the crypto token reward from one merchant the customers can use these crypto tokens at another merchant to buy goods and services. Thus, customers also get flexibility in redeeming their rewards.
Challenges:
Loyalty programmes came in to the picture when retaining customers was identified to be profitable to the businesses. But the reward points which customers get in exchange of purchasing goods/services remains unused. Also, the customers do not get the flexibility to use the reward points at different places and thus they often get wasted.
Merchants are also facing problems like they do not have access to the shopping behaviour of their customers which prevents them from restructuring their loyalty programmes according to the customers’ needs. Small merchants are still struggling to grow their revenues as maximum market is been taken away by the big players.
Solution:
Subaj platform is solving all these problems as merchants will be able to communicate with their potential customers. The merchants will no need to pay huge fees to advertise and promote their business. They can easily send notification to the potential customers located near there area.
Customers will get the crypto token reward which they can redeem it at any place they wish on the platform. Subaj platform will process the customers data using artificial intelligence. This processed data will be provided to the merchants to get better insights on customer’s needs.
Subaj Blockchain Platform:
Subaj Exchange Platform: This allows users to exchange cryptocurrencies with SBJ tokens. Users need to exchange their reward crypto tokens with SBJ tokens in order to redeem them with other merchants.
Subaj Wallet: Subaj wallet will be used to hold and stroe SBJ tokens
Team:
Adebayo Surakatu- Founder&CEO
He is a well-known Innovator of cutting edge Technologies. He is a Geolnformatic Engineer with solid rich experience in Geospatial Technology, Business Intelligence, Artificial Intelligence and has successfully deployed Mobile Commerce solutions within the Blockchain, FinTech, Banking and Retail Commerce sectors.
Knut Jacobi- Vice president and Board member.
He is renowned global Investor and Property Developer. Currently sits on the Board of Advisors to SUBAJ with vast experience in Technology Investments and Real Estate Investments and Assets Management. Also, currently function as the CEO of AVESTOR GmbH, a blockchain driven platform for Real Estate deals from $10Million upfront.
John Lombela- Vice President finance relations &ICO advisor
He is a visionary entrepreneur, a seasoned consultant in deploying enterprise grade solutions to mid-sized and large organizations, an experienced Senior Software Developer, and founder of Innovecs Consulting (an IT Consulting Practice). He has previously worked for Standard Bank, one of the largest African bank today.
Token Matrix:
Token – SBJ
Total Supply – 5 Billion SBJ
Price – $0.05 USD
Soft Cap – $5M USD
Hard Cap – $70M USD
Crowd Sale – 2nd August to 30th September 2018
Verdict:
Pros:
• The project has very good social media hype as it has around 99,000+ members on Telegram and around 17,000+ followers on Twitter.
• The team behind this project has experience in fields such as blockchain, AI, IT, software development, marketing, corporate law etc.
• There are three advisors for this project who have different backgrounds such as finance, risk management, blockchain etc.
• The project has partnered with TALKD, TelKash, Mirak, Blocketo, Cryptovecs and ICO advisors.
Cons:
• The MVP of this project is currently not available.
• There are many ICO projects who have come up with similar concept. The reliability on this project will depend once the working product is out.
Website: https://subaj.com/
Whitepaper: https://subaj.com/assets/pdf/Whitepaper_v_2.pdf
Telegram: https://t.me/subajofficial
Twitter: https://twitter.com/subajtoken
ANN Thread: https://bitcointalk.org/index.php?topic=4536935.0
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c
