MozoX
The Token of Discovery
About MOZOX
The retail business is currently greatly reduced in sales. this is influenced by many factors related to it so that the sales chain in the retail business, especially those that move with physical store sales is strongly influenced by the impact of the movement of e-commerce business. the MozoX project is a project that runs in the retail business that covers the area of ecommerce where the MozoX project offers a solution for retailers to easily find and market their products in physical stores or online promotions, online promotions offered by the mojo project are very simple but have a very impactful great for retailers where in promoting mojo projects retail entrepreneurs can easily promote their products or stores to prospective buyers by giving several tokens or tokens to buyers or visitors.
MozoX works by using “smart contracts” related to retail activities. This smart contract is made between reseller smartphones or IoT devices (such as Beacon) and consumer smartphones when they detect each other’s devices. Smartphones and consumer retailers, smartphones can accept and process transactions based on consumer orders. In other words, a MozoX contract is a transaction made by a user that transfers control commands between the user’s device, the user’s user, or the user’s system. Therefore, we make smart contracts where the object of the smart contract is to process transactions on the blockchain network.
The MozoX platform itself provides unlimited opportunities for every entrepreneur who has his own offline business. After all, all he needed was to install the app on his device and the App Retailer to choose certain categories that he wanted to encourage potential buyers to enter the store. At the same time, to count such buyers, he can also install special sensors that will read the user’s device registered in the MozoX system. Thus, to give priority cannot be accessed by ordinary buyers.
Why Mozox?
Mozox is no longer a concept, our application and the underlying system are for prime time and ready to be launched in Korea and Vietnam. MozoX is the first token category to eliminate and bring pedestrian traffic to retail outlets, malls, and venues. Our application’s value proposition for merchants compared to Facebook Ads and Uber Eats Mozox likes price increases because thousands of businesses are constantly demanding from the limited supply of MozoX tokens to increase pedestrian traffic at offlire locations. because MozoX guarantees fot traffic.
Our Potential Platform
Loyalty markets around the world -US $ 300 Billion
Number of global stores -91 Million Stores
The B&M Market (90% of the retail market) -$ 21.1 Trillion
Global pedestrian traffic (annual) -2.6 Trillion walk-in customers
Asia-Pacific loyalty market -US $ 60 Billion
Number of Asia-Pacific malls (excluding Japan) -6,600 Malls
Committed to using MozoX -38,000 Stores
Forecast in 3 years -300,000 Stores
How does it work?
MozoX works by using a “smart contract” which is tied to foot traffic activities. This smart contract is established between the retailer’s smartphone or IoT device (such as a Beacon, GPS, or QR code right now with Mozo 3.2 release; and wifi and digital camera at a later date with Mozo 5.0 release) and the consumer’s smartphone as they detect each other’s device. The consumer’s smartphone and retailer’s smartphone can accept and process a transaction initiated by consumer’s command. In other words, the MozoX contract is a user-generated transaction that transfers control commands between user-device, useruser, or user-system. Hence, we create a smart contract where the object of the smart contract is to process the transaction on the blockchain network.
Before using MozoX, users and devices must first be registered with the MozoX System and the blockchain network through authentication procedures. In case the device (such as a Beacon) is difficult to register by itself, the administrator must then first identify the unique ID (UUID) of the device and register that device manually. After that, the retailer’s salesperson must associate the device with the product that the retailer wishes to sell. The method to identify the device in case of a Beacon is to use a Bluetooth scanner, which will return the unique ID of the device. However, if thisis not the case, the tool would hash the unique response information so that the device can be automatically disconnected from the blockchain network and reported to the administrator whenever it has been tampered with. This is designed to protect both the retailer’s and consumer’s interests.
If the user is the consumer, he or she will download the consumer App from Google Play or App Store or scan a QR code prominently displayed at the participating stores. The MozoX App includes a digital wallet thatsupports Ethereum ERC-20 type tokens. Only the authorized user, through a two-factor authentication, will be able to access the blockchain network. The unique ID can be a phone number, email address, or apassword (biometric authentication can be added). Verification is performed through either SMS or email. The UUID and MAC address on the phone are also unique, but they will not be available if the user loses his or her phone or purchases a new phone. So, UUID and MAC address can be used only temporarily. In the MozoX system, we prefer using an email address or a phone number. Before using MozoX, the retailer must register as a business user through the https://www.mozocoin.io website. Registration includes: the provision of the retailer owner’s unique ID which could be a unique phone number or email address; the addresses of all the store locations the retailer wishes to have participate; and the authorized salesperson’s unique ID for each of these store locations. MozoX provides a web service for the retailer to operate their virtual stores on the MozoX marketplace, as well as the mobile app. The salespeople and retailer must download the App from locations as directed by the MozoX administrator. When logging in as a retailer, the App includes a digital wallet that supports Ethereum tokens type ERC-20, with potentially other cryptocurrencies supported at a later date. Digital wallets are not available to sales staff. This is to ensure that only the retailer can operate and control the wallet, including decisions regarding the quantity of MozoX tokens offered for VISIT, REDEMPTION and BUY. Note that the digital wallet holds the equivalent of money. Retailers and salespeople will need to go through the same authentication procedure as consumers.
Upon onboarding, the retailer will receive: (a) a number of IoT devices (Beacons) sent to each of the registered store locations and (b) an amount of MozoX tokens into their wallet (the number of tokens depends on the promotion set by MozoX at that time). The website has instructions on how to use the devices and wallets. To help improve retailer acquisition, new retailers will be, as mentioned before, credited with an initial amount of MozoX tokens as an incentive to join and to facilitate onboarding. This will be enough to pay for basic Token of Discovery services and to give the retailer the ability to test some of the additional services and options on the MozoX network for free. These MozoX tokens will be allocated from our “Merchant Treasury Pool”. When the retailers are satisfied with MozoX services, they can purchase more MozoX tokens from any public exchanges where MozoX tokens are traded or, if such exchanges are not available in the country where the retailer is located, then from mozocoin.io directly.
The retailer’s web service, and App have an easy-to-use tool to load product information such as video clips, images, and texts into the MozoX System and the selected products to be displayed on the MozoX Redemption Marketplace. The local fiat currency will be set by the retailer and automatically converted to MozoX tokens, using prevailing exchange rates. MozoX does provide a service to help retailers upload their product information (as a paid option) and to help integrate MozoX with their inventory and ordering systems.
Since a transaction must be performed in real time and there will be many users and devices, the network must ensure adequate processing performance and hence we have chosen AWS hosting services to provide guaranteed performance level globally. In addition, the transaction must be done securely. A single hack into our system could damage reputation of MozoX service and hence we have designed and built our own private blockchain network, called Solo, in support of this crucial quality expectation.
MozoX token
Token name: MOZOX
Platform: Ethereum
Type: ERC20
Supply: 500,000,000,000 fixed, no more
Token Allocation
Sales to merchants and Free airdrop to consumers (50%)
Founders, Full-time staff, Advisors and Partners (25%)
IEO exercise (25%)
Use of Funds
50% Marketing
25% Operations
25% R&D
Roadmap
Team
Management Team
CEO: Giang Phung
CFO: Daniel Carroll
CTO: Thang Ton
CMO: Lee Nguyen
CEO – Korea: Jake Byongsok Yu
Advisory Team
Financial: Chong Kuan Yew (Singapore)
Financial: James Phung (Singapore)
Blockchain Specialist: Chi Ngo (Vietnam)
Big Data Expert: Daein Jeong (Korea)
Internet Startup Guru: Steven Moustakas (USA)
App Marketing Advisor: Danny Do (AUS)
For More Information Click Links Bellow:
- Website: https://mozocoin.io/
- Whitepaper: https://mozocoin.io/assets/media/White_Paper.pdf
- Facebook: https://www.facebook.com/mozocoin.io
- Linkedin: https://www.linkedin.com/in/mozoproject/
- Twitter: https://twitter.com/MozoToken
- Medium: https://medium.com/@mozotoken
- Telegram: https://t.me/mozotoken
- Kakao: https://open.kakao.com/o/g6tvra5
Author
Bitcointalk username: Rafaandika
Bitcointalk profile:
Eth address:
0x19C8eB6d14C17E2918aF2D0Bf03F649F05606598
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