Topic: BNS - A DECENTRALIZED CASHBACK PLATFORM ON THE BLOCKCHAIN - page 64. (Read 3897 times)
I like the prospects of this project. While it is not clear how the average user will receive a cashback from their purchases in the crypto currency, apparently everything will happen through the mobile application, a rather original solution from the owners of the project.
This token is already trading at yobit and now here is the Announcement but still, I have no idea on how this token works, what is its function and aside from it is already tradeable, what are the other benefits of this token?
Trade BNS on Yobit.Net: https://yobit.net/en/trade/BNS/BTC
Get 5% BNS Coins daily in InvestBox: https://yobit.net/en/investbox
BNS is a platform with a cryptocashback service, working on basis of a mobile application with the BNScoin cryptocurrency integrated, based on the Etherium Blockchain.
We are creating an independent tool facilitating the distribution of crypto-cashback, for use by our partners.
What is the state of cashback as a tool today?
- There are several services within the ecommerce market that successfully facilitate the return of a certain percentage of the purchase price when purchases are made from major online retailers. But using these services involves a series of operations that are quite complicated for the average purchaser, and the latter sometimes has to wait as long as two months before the cashback arrives; in addition, the cashback reward must then then be shared with the service that provided it. In offline retail, cashback is a prerogative of the banks. Cashback is paid a month later, and in the majority of cases the reward amounts to only 1-2% of the purchase price. There are, of course, a number of bank partners who pay as much as 15% to the user, but this usually involves retailers that do not cause particular interest to the average consumer, or else one-off promotions in the form of a large reward for an initial purchase.
- Our goal is to encourage the maximum possible number of users and partners to use cryptocurrencies and the blockchain. This will be achieved through the instant payment of our cryptocurrency as cashback on purchases from our partners. To achieve our goal, it is not enough just to pay out the cryptocurrency, therefore we are also developing additional services based on the Ethereum blockchain, which will support the exchange and sale of our cryptocurrency. Together, these services will form an infrastructure that can be used to develop the sector as a whole.
Our current model for working with partners:
Today, the primary concern for BNS operations is the motivation of users to make purchases from partners by providing the latter with various benefits that encourage loyalty to a brand (discounts, offers, various bonuses). Once BNScoin is on the market, partners will motivate users to buy from them in return for paying BNScoin into the user’s account.
At present, BNScoin bonuses (which are not yet provided and which can be exchanged for participation in the raffle of gadgets and an automobile) are paid out by the BNS service. The total quantity of BNScoin held by users as of today is 10,000,000 BNS. The first stage will be the integration of BNScoin into traditional markets: First, the partner tops up his BNScoin balance by buying the digital currency using his personal account, at the EPBC price (Exchange Price BNScoin—the BNScoin’s market price).
The level of the EPPC is determined by the exchange rate of the BNScoin at that particular moment. The partner then uses his personal account to specify either a fixed sum or a percentage of the sale price that he is ready to give the user as a cashback. BNS app will offer integrated functionality to aggregate exchangers, and also the ability to transfer BNScoin from one user to another (P2P) using a wallet interface.
Website: bnscoins.com
Coin trade:
https://yobit.net/en/trade/BNS/BTC
BNS on Coinlib: https://coinlib.io/coin/BNS/BNS+Coin
ERC20 Contract: 0x43c1700d6278d772bc879095e7346c8d90fe718a
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