Imagine a coin that will always be honored as 1 Euro. Even It’s market price goes below 1 Euro it will still be honored as 1 Euro on the rewards system and if the price goes up! It’s value on the rewards system will also do!
Meet MB8Coin the coin that will be use on an existing rewards system.
What is MB8coin? and how it starts?
Originally started as a printing company from 1994, then started a loyalty reward system called Eurocredit on 2005. Eurocredit is a digital currency given as a reward to returning customers, In 2009 with a very little marketing the Eurocredit becomes a bang and already have thousands of users. Shortly after Eurocredit’s success the company decided to move their Eurocredit system into business. From that time Eurocredit becomes Multibuy and takes its loyalty program to an international trading company.
Why did it become MB8Coin?
While being so successful a reward system is costly to run and manage especially when expanding into global market. Running on a large scale, using centralized distribution could cost a lot of maintenance and will be open to fraud or abuse of the system. In here we see the perfect time to use the efficiency of blockchain technology. By changing the “old centralized rewards system” it aims to expand and reach new markets by using the innovation of this new technology. This change will also allow the platform to expand it’s features.
Why choose blockhain?
Blockchain have the most important features it has security and transparency that would perfectly fit to our rewards system. Tests have shown that this new technology is very ideal to replace our currently existing technical solution.
What makes it unique?
- The MB8Coin will be used to run a currently existing loyalty rewards network. MB8Coin will be the first cryptocurrency that has a proven use and it will be accepted as a payment within the existing network of vendors and retailers from more than 2,100 partners.
- Even if it’s price goes below 1 Euro it will still be accepted as 1 Euro on the rewards system and if the market value goes up it’s value on the rewards system will also do.
Solution
At first we only see that this would help us to simplify the scailing process and save a lot on running costs, But after further research we found some additonal benefits:
- By participating on a secure network you will be gain 5% annually in the form off tokens
- MB8 tokens will be distributed thru Initial Coin Offering which will help to reach more people and could attract new business partners.
- Cease to create additional MB8 reward tokens which could cause fraud.
- Fast, efficient, and safe transactions that perfectly fits on global market.
- Effective use of MB8 tokens via peer to peer transfer and trading on crypto exchanges will make the coin show its true price.
- Attracts new customers to use the rewards platform and could also attract new vendors, businesses or even tourist spot owners to use the rewards network.
Mobile App
Multibuy has its very first mobile app launched during the last quarter of 2017 it allow the customers to locate and interact with business that accepting MB8 Coin. The app hosting an MB8 Coin wallet which can be used to send and receive coins with retailers, friends or crypto exchanges.
Token sale
Facts
- MB8 Coin only creates and provide limited amount of usable tokens that can be used on new Multibuy rewards system.
- Multibuy has more than 2000 existing sister companies and still continue to grow.
- This would make Multibuy the most advance, unique, and famous loyalty rewards system.
- It will draw business partners, investors and new customers attention.
Value
Initial Coin Offering offers a great opportunity to purchase the tokens at a cheaper price than its already accepted value of 1 Euro within Multibuy existing rewards system.
Once it launched on market the value of MB8 coin, its price cannot be guaranteed but to keep it 1 Euro value, it will always be honored at 1 Euro value on the rewards system.
This is the best part if the MB8 price goes more than a Euro, and as the network grows as planned, MB8 Coin price be more than a Euro which will depend on the market value. You’re free to decide to sell your MB8 Coin on an exchange for a profit, because for sure it has demand from business partners and traders.
Future Development
As it grows, the blockchain network can be equipped with more additional features to provide better services to the business partners and customers.
Details
- Name: MB8 Coin
- Ticker: MB8
- Algorithm: Neoscrypt
- Type: Proof of Stake (POS)
- Class: Utility Token
- Segwit Ready
- Main Distribution via ICO
- All unsold coins will be burned
POS
- POS Maturity: 4 Hours
- POS Max Time : None
- POW Block Height: 1
- Coinbase maturity: 101 block
- Transaction confirmations: 1
- Difficulty Retarget: each block
- Reward: 5% annual rewards
- Double Rewards (10%) for the first 6 months.
Supply
- Full supply of 1 Billion reached over a 12 Year period.
- Coin supply increases by 5% per year to until it reaches its maximum.
- Coins available via Initial Coin Offering : 550,000,000
- Discount ratios: 5:1, 4:1, 3:1 and 2:1 released in stages.
- Initial Value: 1 MB8Coin = 1 EURO
For further information just visit
Website : http://mb8coin.io/
Whitpapper: https://mb8coin.io/%24whpdir/MB8%20Whitepaper.pdf
Ann: https://bitcointalk.org/index.php?topic = 3623567
Twitter: http://twitter.com/MB8Coin
Facebook: http://facebook.com/MB8Coin
Did you liked this one? Kindly follow me and I’ll be happy to share more about cryptocurrency.
Meet me at bitcointalk:
Username: demonic098
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1837999
