How many coupons and vouchers that you receive on a regular basis are actually put to use? How about loyalty points? Does the cumbersome nature of these discount points get in the way of their utilization? Then, youre not alone. Increasingly, these tactics by retailers are failing due to the unattractive manner in which theyre applied.
GATCOIN intends to put an end to this waste by its transformative technology. The system of distributed shopping tokens that GATCOIN is bringing to the market sound pretty straightforward and, yet, it may change the way the world views retail shopping.
GATCOIN expects to transform the traditional methods of discount coupons, loyalty programs and vouchers in favor of tradable liquid digital tokens. The idea is to create a single platform through which consumers can pick and choose the retailer whose loyalty rewards would best be suitable for them. This will also allow the merchants to exert less marketing effort on these redundant tactics that bear little fruit in the long run.
The incentives for retail shopping include the ease of joining the platform and targeted airdrops. Retailers can simply upload their products on the portal, and issue their own digital tokens for the consumers they wish to target. A-Drop, the patent-pending technology allows the merchant to specifically target consumers based on their demographics, region, and spending interests.
The standout feature for the customers, however, is that the digital tokens are tradable. The tokens uses include buying products, getting discounts, claiming rewards from the merchants, and trading them on GATCOINs crypto-currency exchange, making it a truly liquid and consumer-friendly product.
Its technical components include GAT Network, GAT Wallet, GAT Exchange, and GAT Marketplace. The network exists to provide a blockchain encompassing the globe on which the retail tokens can be circulated. It also enables the A-DropTM to work at its best.
GAT Wallet is the mobile hook in their consumer play. With the wallet, customers can manage and purchase retail tokens. GAT marketplace is the online shopping portal where consumers can actually utilize their retail tokens for the products they wish to buy.
GAT Exchange is the crypto-currency exchange where consumers can publicly trade their GAT tokens. One can also use the exchange to trade GATCOINs for Bitcoin, Ethereum, among other cryptocurrencies. The platform is slated to start its operations in Japan with the company, SK Japan.
The Japanese corporation is expected to fuse the technology in COTOCO, a mobile gifting, and coupon solution. But, thats not it. GATCOIN has a network of over 60,000 retailers and 21 brands through the East Asian company.
In the presale period starting October 28, 33% of the 15,000,000 GATCOINs available have been sold out. The presale ends on November 28. The company intends to offer 200,000,000 ERC20 GATCOINs in the year 2017 while the total supply will be a fixed 1,000,000,000 GATCOINs.
The disruptive technology has all the makings of a paradigm shift thats on the cusp of making into the mainstream. Keep an eye out for GATCOIN.