Topic: [ANN] Chain of Points - Transforming Loyalty Into Rewards - ICO LIVE!!! - page 11. (Read 8592 times)

waiting bounty ... thx

Hello CjMapope, thanks for the comment. I'm sure I'm not going to change your mind in buying POINTS tokens, but here are some clarifications I want to address.

The "loyalty rewards thing" hasn't been done at all on a Blockchain, otherwise we would be in a world where:

1) there was a universal interface for the loyalty industry apart from incumbents like Amex;
2) where merchants weren't at the mercy of financial institutions for implementing a half decent loyalty system at unreasonable prices;
3) where any great bunch of product developers could build a wallet that worked with anyone's loyalty program that was issued on the network and we would see many innovative solutions;
4) where you could transfer points to your friends and family and they were tradeable on open marketplaces;
5) and mnay other points I could elaborate on.

There has been a lot of talk of doing loyalty on blockchains, but NO GROUP has actually done that, let's get that straight, its all been talk. There haven't been even that many projects formalized in this space and this should be one of the prime areas blockchains are used for. AFAIK, the only other company remotely doing something with loyalty and blockchains right now is loyyal (startup at least), but they are only a hyperledger reseller/VAR servicing the financial industry, to my understanding at least. Our philosophy is very different, we believe these technologies can lead to a world where commerce won't be dependent on financial institutions and our solution empowers merchants, that's why we need a public blockchain, credit card companies and the like are not our target market. I won't even mention why Incent is completely irrelevant to what we are doing, they are more of a marketing and business development exercise, its not a platform, which is what we are building.

I'm curious why you think PoW is the only fair solution, DPoS is very democratic, which is what we are using. So are many hybrid PoS/PoW systems and there are other potential solutions on the horizon (ALGORAND, Casper, etc) which are just as fair. We are building a solution for today, not the far future, we need the most scalable solution that works, for our immediate requirements, and that's DPoS.

As to why we are doing an ICO, well that's where we will have to agree to disagree. The solution we are developing won't get built by itself, we have a highly talented and skilled team in place, everyone involved with this company has developed successful products and services in the past, and by that, I mean real shippable products and services. I think product crowdsales can lead to a lot of innovation globally. There will be a lot of shitcoins and scams, and the community will have to learn and coalesce on self regulating themselves.

I, myself, have invested in many ICOs and have remained long on most of them.
 

its interesting to see your planned use of Ricardian contracts, but i cant help but wonder if its just been done too much, this loyalty rewards thing :/

Cant support an ICO, why not a long term PoW to support the network/distribute FAIRLY the tokens? This "money up front for an idea" is just crazy on this forum, ends up with 90% disappointment and people praying for a pump on a shittoken :/
I would say: Escrow! but: its a given at this point, and it wont protect anyways, anyone can churn out a token for 20-100BTC to get escrow released NP!

Wont be investing a penny, but hey, good luck i guess? ;p

Hi dev I see at chainofpoints website a countdown, the time is shown when the will ICO start? Do you offering a bonus for early investor? I don't see this information in this thread or in the website. Thanks

IMHO , there could be only a few reasons why this or any other thread is self moderated...=

1:) when a person or the devs are having some really bad intentions and they need to hide things.
2:)when a person or the devs just have no time to deal with all the crap on this forum and prefer to simply cut it down by self moderation. .

after checking this thread out and being one of the aspiring sig campaign members , i personally would have to suggest the later! dealing with the trolls and the nay-Sayers is a hard and taunting job and one has to be very careful of what they say to not have it turned around on them for misspelering a single word! it is a spiral that is not needed in a serious thread as of such.

hope this helps..

Amore Jaz

Hello, here are social media links:

https://twitter.com/chainofpoints
https://www.facebook.com/chainofpoints

The team has a VK group, I will ask them later and a slack channel https://chainofpoints.slack.com

Thanks very much for your offer of support!

very good project!
so decided to support you taking part in your "Signature campaign"
I want to support you in the social networks, but could not find, please give links

I agree. Why is it that you prefer to self-moderate this topic? Considering that it seems legit & yahoo already posted a thread regarding the sig campaign though it's still locked for the moment. Yahoo only accepts legit biz. There's a negative notion from the community if the thread is self-moderated.

i will wait chains of points open bounty
signature campaign , social media campaign
and ico selling , i hope in ico selling use escrow

No they are not, INCENT is a marketing exercise, you might as well say BTC is a loyalty program. POINTS is a public blockchain for issuing contracts, the blockchain evaluates ricardian contract clauses and, also, has a standardized protocol for speaking with oracles and operations can be performed based on the results of both on-chain contracts and outside events. Chain of Points is using it for their Loyalty solution, but it could be used for issuing any simple commercial contract and also any financial instrument. Another neat feature is that we are working on protocols for reclaiming lost tokens and its DPOS based which is still the most scalable solution(we don't use any code from Graphene).

I haven't heard much from COVAL, but seems like LOYYAL have abandoned that idea and its not being worked on very seriously. Looks to me like LOYYAL are selling hyperledger based loyalty solution to financial institutions, while we are focused on an open platform for merchants, without unnecessary middlemen. I don't think that's an exciting business to be a hyperledger VAR, we want to really disrupt this industry and you can't by playing the same game that Amex and other aggregators do, you have to create an alternative that removes the need for them.   

 

Inquiries will be addressed and we are perfectly happy to answer hard questions.

The topic is self-moderated to prevent irrelevancies, unwarranted attacks, thread hijacking, spam posting, etc., etc.

The crowdsale is being handled by Token Market.

Waiting bounties informations dev
I think thats is great projects

Why self-moderated thread? It makes people feel unsafe, and you have escrows? Also, if you are legit team, please don't delete any posts, even FUD posts.

The ANN post has been updated with more information.

Specifics about the pre-sale can be found at the website. We also have a mailing list and Slack channel so you can ask the team questions directly.

We will be hosting additional opportunities for people to make inquiries and will be posting that info shortly.

when plan open chain of points coin ico selling
and how much total suply chain of points, and ico selling use escrow or not

Russian translation reserved

Thank you to everyone for your encouragement.

The media links section has been updated to show more of the exposure we have been receiving.

We will be posting information about bounties and other ways to participate as we grow.

Reserve Vietnamese translation, reply me if you accept

How much total token supply of Chain of Points? and amount of Crowdsale soon?

That is great to hear. I still want to know what these loyalty rewards are but I am glad you doing promotions so soon that is a good idea.
Merchants ? What will they sell ? Also the site is very nice I like it.