The cashback industry worldwide is estimated to be worth more than $84 billion and this statistic is still changing very quickly. Direct-to-consumer E-commerce sector will soar to a whooping $4135 billion from the current $2304 billion by 2020. With cashback now an instrument for use by online merchants, more than 10% of online retail trades are made by progressive marketing affiliates plus cashback provides.
Seeing that cryptocurrencies have become so generally accepted; that is, more than 10 million people online run functioning wallets and the market capitalization of the cryptocurrency sector is heightening to about $800 billion in the early months of 2018, it is now more than obvious the fact that the want/need for blockchain related cashback programs which will join both buyers and seller (all online) for a common goal of making a lot of profit (as both needs varies).
The Dealjoy TCS (Trustless commission sharing) Protocol curbs the problems that arises when products bought are given back to the merchant. Payment of affiliate commissions are primarily for any order or orders returned to the seller due to damage done to it or misplacement especially in shipping to the localities of their consumer.
At a time of four weeks (equal to a month), merchants are now able to give the 'go ahead' order for commissions to be paid. Often times cashback providers render all their cashback payouts under this time frame. This is a disturbing problem in the affiliate world, one that the Dealjoy has dealt with.
With the use of their Trustless commission sharing (TCS) protocol and it's blockchain under the Ethereum platform, Dealjoy renews the trust between their members and the merchants. Although the cases of immediate cashback paying arises, the Dealjoy TCS protocol demands that every participant will bid a particular amount of tokens before he or she can become a part of the community and sphere. No one wants to have their private details made available online for anyone to take hold of for fear of what the power such data has over them when in the wrong hands can do.
Prompt cashbacks are made available for any Dealjoy user through the tokens staked in the platform by members. When a refund of goods comes up, excessively paid tokens will immediately be removed from that user's balance in the platform. In the event of all the participant's tokens already exhausted, tokens will be subtracted from membership collateral.
Dealjoy allows already existing members who intend on withdrawing their participation from the platform, the chance to take back the token they bid after a period of time when the flow of money has to settle down to prevent a harmful event occurring in the community.
Advantages of DealJoy
1.Dealjoy token can be used in purchasing the products in the Dealjoy online shopping market.
2.Members can withdraw their well-earned DEAL tokens to their wallets anytime to be traded for other cryptocurrencies or can be held for potential value appreciation.
3.Dealjoy to its members eradicate all the trust issues and problems regarding the speed of the transactions.
4.Dealjoy introduces the instant cashback option to the online shoppers where they will be paid instantly after the purchase is completed.
Roadmap
Team
Conclusion
The foundation of the Dealjoy platform using the blockchain technology to ensure safety, stability and transparency at a level unattainable by the solutions available so far. This project is one of the first of its kind & it takes a colossal effort from both the team and the community, I am sure that this project will occupy a leading position in the crypto market.
For More Details of Dealjoy ICO:
Website : https://dealjoy.io/
ANN : https://bitcointalk.org/index.php?topic=4628510.0
Whitepaper : https://dealjoy.io/files/Dealjoy_Whitepaper.pdf
Telegram : https://t.me/dealjoy
Twitter :https://twitter.com/dealjoyofficial
Facebook : https://www.facebook.com/Dealjoy
Reddit : https://www.reddit.com/r/Dealjoy/
Medium : https://medium.com/@dealjoy
Author by Harrison White
https://bitcointalk.org/index.php?action=profile;u=2154973;sa=summary
Bitcointalk username: Harrisonnn
Ethereum address: 0xEB4c68d47A2Bf17df5BD8995da75DDFCa7117435