Topic: [ANN] Chain of Points - Transforming Loyalty Into Rewards - ICO LIVE!!! - page 8. (Read 8615 times)
February 27, 2017, 08:25:16 PM
Nice to see the ICO is live now. As I see on this thread, peoples have a good reaction on this project. This project is making good concept with "transforming loyalty into rewards" tagline. I hope the ICO sale will touch the target point and bring this project success.
February 27, 2017, 06:39:12 PM
When is the final date for the Ico? I like the concept of creating loyalty incentives for businesses and consumers very interesting
November 2019. Thats the exact date when the chain of transplants gets traction and u will get a roi but until then u will be deemed a short-sighted bagholding idiot.
lol don't mind bagholding if there's a return on investment just depends on how much return on investment 😉 But November 19 thanks for the info
February 27, 2017, 05:48:26 PM
When is the final date for the Ico? I like the concept of creating loyalty incentives for businesses and consumers very interesting
November 2019. Thats the exact date when the chain of transplants gets traction and u will get a roi but until then u will be deemed a short-sighted bagholding idiot.
February 27, 2017, 05:42:03 PM
hey what happens to the balance of the 21,000,000 tokens if they go unsold?
$.30 per token is the sale price, implying 30 mil $ mkt cap if you consider the 100,000,000 potential tokens. Please tell me how you arrived at this price, because I think it is way too high.
$.30 per token is the sale price, implying 30 mil $ mkt cap if you consider the 100,000,000 potential tokens. Please tell me how you arrived at this price, because I think it is way too high.
Hi, unsold tokens will be reserved for future funding of the project.
Only 30% of the 100M tokens will be made available, the rest are distributed over a period of many years. So if you purchase tokens, and stake them, you will not be diluted, in fact, your ownership percentage of the total supply of coins will actually grow considerably.
February 27, 2017, 04:56:05 PM
How different is this from the Incent loyalty?
What are the features, benefits?
What are the features, benefits?
It's very different, Incent is a proposed universal token, like BTC, marketed for the loyalty industry.
POINTS is a platform for issuing Ricardian contracts, that get evaluated on-chain. The platform allows merchants to create their own loyalty tokens with terms and conditions, like expiration date, which other loyalty points they are trade-able with, what they can be redeemed for and so forth.
The wallets we are developing and the templates for our specific contracts, both the merchant and consumer wallet, are designed for loyalty points, but the blockchain can be used to develop other products and services on, including financial instruments.
February 27, 2017, 04:32:14 PM
How different is this from the Incent loyalty?
What are the features, benefits?
What are the features, benefits?
February 27, 2017, 04:25:00 PM
When is the final date for the Ico? I like the concept of creating loyalty incentives for businesses and consumers very interesting
February 27, 2017, 04:11:41 PM
another newbie garbage, lol
February 27, 2017, 03:49:52 PM
hey what happens to the balance of the 21,000,000 tokens if they go unsold?
$.30 per token is the sale price, implying 30 mil $ mkt cap if you consider the 100,000,000 potential tokens. Please tell me how you arrived at this price, because I think it is way too high.
$.30 per token is the sale price, implying 30 mil $ mkt cap if you consider the 100,000,000 potential tokens. Please tell me how you arrived at this price, because I think it is way too high.
Agree the cap for a newbie coin makes a little to sense. If u compare ur figures with bitshares cap, u would find the target cap ridiculous to shits. I propose to charge cocky noobs who has recently joined crypto with N quantity of bitcoins before giving their accounts an allowance to create fundraising threads. The money raised this way could be put to good use or stacked up in a forum treasury.
February 27, 2017, 03:11:18 PM
hey what happens to the balance of the 21,000,000 tokens if they go unsold?
$.30 per token is the sale price, implying 30 mil $ mkt cap if you consider the 100,000,000 potential tokens. Please tell me how you arrived at this price, because I think it is way too high.
$.30 per token is the sale price, implying 30 mil $ mkt cap if you consider the 100,000,000 potential tokens. Please tell me how you arrived at this price, because I think it is way too high.
February 27, 2017, 02:04:48 PM
This indeed is amazing concept targeting the loyalty business.
Will consumers earn CoP POINTS for making purchase through affiliate merchants?Where and how can they redeem these POINTS?
Will consumers earn CoP POINTS for making purchase through affiliate merchants?Where and how can they redeem these POINTS?
No Merchants will create their own points using our merchant wallet and consumers will be able to get all their loyalty points in any of app of their choosing that supports our blockchain and token.
This reply may have been mistyped, misread or misunderstood.
So...
"No Merchants will create their own points using our merchant wallet and consumers will be able to get all their..."
Was missing a comma.
...
Why not? Points should be generated freely and transferred to ancestors of ur granny without limitation. Overall, I construe ur tactics and recent replies in this hread as a "fuck-off" type of behavior, this tells me a lot about ur professionalism and sanity.
Why not? Points should be generated freely and transferred to ancestors of ur granny without limitation. Overall, I construe ur tactics and recent replies in this hread as a "fuck-off" type of behavior, this tells me a lot about ur professionalism and sanity.
POINTS are cryptocurrency technology so all of the benefits you describe are completely available.
Using the POINTS system merchants will be able to create their own POINTS using the merchant wallet. These would be optional sub-tokens they can create for their own loyalty program benefits. Merchants can alternatively just issue and redeem POINTS directly. Consumers can use their wallet to send and receive POINTS and any sub-tokens created by specific merchants.
Merchants will have tools made available to them to make the process easy to implement into new and existing systems. The system is open so people have the freedom to use their POINTS how ever they wish.
February 27, 2017, 01:54:26 PM
So I am trying to figure out on which blockchain this service will be running, but cannot find an answer. Can anyone elaborate on this?
Chain of Points is a purpose-built, dedicated blockchain solution. It will be it's own blockchain with customized features. Features will include: DPoS, Ricardian contracts, and others. We have more details in the whitepaper which can be downloed from the site.
Furthermore no timeline for developments. What will be delivered at which stage of this project? Wallets? Apps? And what is the required funding for a succesfull development?
We will be posting more specifics about the project over the next few days. This will include milestones, partnerships and additions to our advisory board.
The pre-sale is capped at 21M POINTS and we expect the demand to be extraordinarily high. Although the final total supply is 100M, those are not premined. After the pre-sale, additional coins will be generated through staking so it will take many years to reach that number.
Any contact with merchants? How will you provide this universal solution between different merchants with different loyalty systems?
Thanks for your answers!
Thanks for your answers!
We are in various stages of negotiation with several significant partners. Our team members come from various backgrounds that all contribute to the business objectives of this project, including ties to the loyalty space. We are also in more detailed discussions with some technology providers concerning the specifics of implementing Chain of Points into existing systems.
In addition to the open POINTS blockchain we have other technologies in development. Access to a robust API is of high importance to our efforts related to integration.
February 27, 2017, 01:35:48 PM
Can anyone explain to me how exactly this works? I understand that the Points tokens are used in loyalty programs, but how is this a universal solution? Are customers given these tokens as a reward or are these tokens used to buy in the same way as vouchers?
The universality comes from the implementation of a dedicated blockchain solution for transactions based on loyalty programs.
POINTS, the native token for the system, is a cryptocurrency that can be exchanged for goods and services as well as traded for other digital tokens. Rather than having your loyalty points locked up in a proprietary system that only allows one-way transactions, the Chain of Points system decentralizes the tracking of loyalty that is rewarded to consumers.
This completely changes how people use reward points in many fundamental ways that are beneficial to both consumers and businesses.
February 27, 2017, 01:29:26 PM
This indeed is amazing concept targeting the loyalty business.
Will consumers earn CoP POINTS for making purchase through affiliate merchants?Where and how can they redeem these POINTS?
Will consumers earn CoP POINTS for making purchase through affiliate merchants?Where and how can they redeem these POINTS?
The system creates more flexibility for consumers. It allows businesses to create loyalty programs with a low barrier to entry so more options for consumers can be created.
POINTS will be earned by consumers who transact with merchants that use the system tools.
POINTS will be redeemable through merchants who support POINTS.
POINTS are a dedicated digital token so they can also be openly traded.
Merchants will also have the ability to create their own loyalty programs using sub-tokens that can then be traded for POINTS, all within the system.
February 27, 2017, 12:45:54 PM
This indeed is amazing concept targeting the loyalty business.
Will consumers earn CoP POINTS for making purchase through affiliate merchants?Where and how can they redeem these POINTS?
Will consumers earn CoP POINTS for making purchase through affiliate merchants?Where and how can they redeem these POINTS?
No Merchants will create their own points using our merchant wallet and consumers will be able to get all their loyalty points in any of app of their choosing that supports our blockchain and token.
Why not? Points should be generated freely and transferred to ancestors of ur granny without limitation. Overall, I construe ur tactics and recent replies in this hread as a "fuck-off" type of behavior, this tells me a lot about ur professionalism and sanity.
February 27, 2017, 12:43:08 PM
Many thanks to everyone for their support so far.
Some bounty information has been added to the ANN information and we will be adding more soon.
We will also be updating the media section to help everyone stay updated on the attention we are getting.
There are several questions that have been asked above and all will be answered in upcoming posts.
Some bounty information has been added to the ANN information and we will be adding more soon.
We will also be updating the media section to help everyone stay updated on the attention we are getting.
There are several questions that have been asked above and all will be answered in upcoming posts.
February 27, 2017, 12:18:22 PM
Where to see escrow address?
how much invested collected now?
view and participate here https://chainofpoints.com/#promo-widgethow much invested collected now?
currently collected: 5.12 BTC
February 27, 2017, 10:39:02 AM
Where to see escrow address?
how much invested collected now?
how much invested collected now?
February 27, 2017, 10:16:30 AM
I just noticed that the ICO has been LIVE for a while, 5 btc funded, which is good. What is the threshold for ICO? And the escrows are whom? I read the OP but didn't find the info, actually you can add the info in your OP, to show more details to new investors. I hope you can raise the fund you want.
Btw, what is the bounty for translation? Thanks.
Btw, what is the bounty for translation? Thanks.
February 27, 2017, 09:15:52 AM
This indeed is amazing concept targeting the loyalty business.
Will consumers earn CoP POINTS for making purchase through affiliate merchants?Where and how can they redeem these POINTS?
Will consumers earn CoP POINTS for making purchase through affiliate merchants?Where and how can they redeem these POINTS?
No Merchants will create their own points using our merchant wallet and consumers will be able to get all their loyalty points in any of app of their choosing that supports our blockchain and token.
Having a points as a loyalty award to consumers has been a practice nowadays in any merchants and I think this will work also in Chain of Points.
it certainly is a new concept that this here is trying, and i also think it is a nice thing. although we have to wait and see more of it in real action too, before making a complete decision about this.
if the points of loyalty can reach a balance and not overdo it, it can be pretty revolutionary.
Jump to: