Retoken, the decentralized referral bonus system for product and service providers, is pleased to announce the upcoming launch of IDO. Retoken launches RETO – a new token model that encourages new companies to implement a blockchain recommendation model and discover untapped sales channels. There will be a maximum supply of 550,000,000 RETO for sale at a price of $0.01 per token.
Reward programs, sales incentive programs and bonuses remain a necessity for any business operating outbound customer acquisition channels. They are considered valuable and important in today’s market. These programs encourage certain customer behaviors and, if poorly implemented, can lead to perverse results.
When companies offer the ability to encourage referrals, they typically provide great value to their customers and further encourage customer loyalty. The seller receives compensation for spreading information about a product or business, while the company in turn makes more profit and gets more customers.
Traditional rewards programs pose challenges for both companies and customers, particularly in terms of transparency and trust. Businesses are concerned with assessing liability, increasing conversion rates, personalization and ensuring channel consistency. Customers are plagued with restrictions and rules, incentive options and losing track of accumulated reward points.
Blockchain technology, on the other hand, is disrupting existing reward service models. By digitizing the process, where two parties have free access to bonus programs, the recommendation system becomes more transparent. Therefore, new recommendation systems are being integrated into current blockchain developments to improve their usefulness.
The ideal referral bonus mechanism
Retoken is the digital recommendation system on the blockchain created for product and service providers to boost their sales. The blockchain-based rewards system automates relationships between product, service providers and sellers to provide new financial incentives and business development opportunities.
Retoken is reshaping the existing rewards service model by enabling consumers, as well as salespeople, to identify and achieve better product placements. It proposes a decentralized bonus system, in which sellers and producers in the digital space are equipped with more practical sales tools.
The decentralized platform is run by a team with years of experience in the enterprise industry. In particular, the decentralized referral bonus system intends to provide a unique rewards service with the following features:
- Establish a transparent referral rewards mechanism
- Providing a simple and understandable service model
- Providing highly reliable and mobile solutions
- Generation of growing value for token holders
Retoken rewards consumers for selling the manufacturer’s products and also provides rich insights through the use of positive reward reinforcements.
Specifically, Retoken uses both the maker console and the wallet to expand its network effect. Manufacturers and producers can enter their campaign specifications and set the parameters for their motivational campaigns. This way they can implement global, national or local loyalty schemes.
Retoken mobile wallet allows users to quickly share the referral link while accumulating points in the form of tokens. Because all transactions on the network are immutable and transparent, every incentive participation is secure and accounted for.
The Retoken wallet is the primary foundation for gaining free access to ongoing campaigns. Both sellers and consumers can find out about ongoing campaigns, including payout dates. Retoken rewards users with RETO tokens. Additionally, the Retoken wallet allows users to securely exchange their token rewards for FIAT.
Product and service providers and distributors can purchase retokens and in turn use them for incentivizing algorithms for the sale of products and services. This will help increase demand for the token.
Retoken is a BEP-20 utility token native to the Binance Smart Chain protocol. By using the BSC protocol, Retoken ensures high network stability and data security. Additionally, BSC was designed to handle Ethereum’s high transaction fees and difficulties by allowing transactions to be executed at a lower cost and with a faster processing rate.
RETO can be stored in the Retoken wallet or in any third-party wallet that supports BSC. Retoken will not mint more than 1 billion tokens. In addition, no further new tokens will be issued after the first minting.
token allocation
Total stock: 1,000,000,000 RETO
55% – Investors and Community
20% – team and consultants
10% – Foundation
5% – contractors and contingency reserves
5% – DEX liquidity pools
1% – Security and bonuses
4% – staking
Retoken has implemented a token release schedule for tokens distributed to advisors, teams and the foundation. This way, tokens destined for private and public sale, as well as tokens that need to provide DEX liquidity are immediately available.
The team, advisors and foundation sale have a lock-up period of 1 year after the completion of the token sale. They only have access to their tokens in the following year. And there is no gradual token release for the team or foundation.
Once the sale is complete, tokens will be allocated based on task urgency to ensure Retoken has both technical development, marketing and business development support to see product finality.
54% – Technical development
22% – business development
20% – Marketing and PR
4% – Law and Finance
What does the future hold?
The platform will be built and tested on the basis of the current supermarket chain with more than 70 stores and then expanded globally. Retoken’s goal is to be a global platform by 2025, recognized in more than 10 countries and working with more than 1,000 manufacturing and service companies.
RETO tokens will soon be available for purchase on Pancakeswap, a leading decentralized exchange for BEP20 token exchanges on Binance Smart Chain. In the near future, retokens will also be offered as gifts on several exchanges – DEX and CEX – as well as by manufacturers. One of the most notable events happening soon is that Retoken will be listed on MacaronSwap on May 11th, 2022. Get in early!
Retoken intends to enter the top-tier centralized exchanges once the Retoken wallet is ready. The wallet will be launched in late 2022.
About Retoken
Retoken is a digital referral bonus system built based on Binance smart contract chain. It enables manufacturers to increase sales, engage their customers and also discover untapped sales channels through the ideal referral bonus mechanism.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.