In an increasingly digitized world, there is no possibility to live without revealing your personal data — unless you decide to stop using the Internet. But as long as you communicate on social media or shop online, you leave digital traces which are being collected, traded and sold to the highest bidder. Do we just have to accept and resign ourselves to this unfair distribution of profits? Not necessarily: repay.me will help you regain control of your data — and make you benefit from it.
repay.me is a German startup which plans to launch a cashback shopping platform in summer 2018. It combines numerous advantages of well-known marketplaces, such as Amazon and eBay, which means that you can comfortably buy or sell a wide variety of new and used products there. The distinctive quality of repay.me’s business model is its cashback system. While other cashback providers offer 5, 10 or 20 percent cashback, repay.me’s users can receive up to 100 percent cashback on all purchases. The secret? Personal data.
Cashback is usually paid by traders from their own profit margins. repay.me’s cashback comes not only from profit margins, but also from advertising revenues and can therefore be significantly higher — even in product categories that usually have low margins. The amount of cashback depends on users’ online activities: the more active they are (e.g. by writing reviews or participating in surveys), the more data they produce and the higher cashback they receive — up to 100 percent.
Cashback and Cryptocoin: Dream Team
A recent study on the global cashback industry has shown that cashback programs are powerful marketing strategies which lead to increases in average order value (46%) and time spent on websites as well as stronger customer engagement and a lower bounce rate (source: Cashback Industry News). But the startup goes even further: the cashback offered by repay.me is not only higher, but also faster. The crucial factor is blockchain technology and, more specifically, the Ethereum-based REME-Coin which is repay.me’s own cryptocurrency. The REME-Coin enables advertising revenues to be paid out immediately as cashback and ensures that you are constantly updated on its status. What is more, the value of the REME-Coin is directly tied to the data of repay.me’s community and therefore has high growth potential: the increasing number of users will result in the increasing value of the coin.
The various applications of the REME-Coin make it unrivaled and present a tempting opportunity for those who missed out in the Bitcoin boom. The vision of repay.me founders is to enable payment with REME-Coin anywhere worldwide — online and offline — and to receive up to 100 percent cashback on every purchase. Unquestionably, it is an ambitious plan, but it is founded on rigorous and strong bases: 35 experts, freelancers and consultants are working currently on legal, technical and marketing aspects of the repay.me platform. The startup has been supported by well-experienced investors since 2015 and received an 88,000 euro grant from the Investment Bank Berlin (IBB) in 2017.
The REME-Coin is only available during the ICO which is set for Q2 2018. Download the whitepaper and secure your bonus on: https://www.remecoin.io.
