Qashback’s business model is to bridge consumers with merchants and advertisers through reward-based reviews, behaviour-based promotions and permission-based advertising.
QashBack Business Model
The QashBack Business Model is an ecosystem that works as follows:
✳ Merchants who have signed up as partners can buy QashBack Tokens (QBKs) to use the QashBack Platform. These QBKs can be used for discounts, as well as for incentives (such as rewards for reviews, rewards for watching advertisements) for the consumers. Merchants can also use the QBKs to pay transaction fees on the QashBack Platform.
✳ Users get to earn QBKs when they write reviews on merchants that they visit regardless of whether they post a negative or positive review. Consumers can also use QBKs to pay for goods and services from merchants on the QashBack Platform.
The revenue model is based on fees earned from:
• Transaction fee of 1% of the value of the transaction.
This is similar in nature to the fee charged by credit cards in the fiat world.
• Share of rewards
On the QashBack Platform, merchants will reward users who are willing to view advertisements. QashBack will take a 3% share of this reward.
How It Works?
QashBack Recommendation Engine
The QashBack platform is superior to other solutions available out there in the market as the QashBack Protocol Platform makes it easier, faster and cheaper to start new lifestyle applications or integrate existing ones. Merchants can also leverage on the platform membership base of several merchants worldwide to cross-sell or earn referral fees. QashBack utility tokens (QBK) is also able to provide immediate rebates to consumers’ wallet for payment, redemption or conversion to fiat money.
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QashBack is transforming the traditional retail and services industries by introducing the world’s first decentralised reputation management and permission-based marketing platform powered by Artificial Intelligence, Data Analytics and blockchain Smart Contracts.
For more information, visit our website: https://qashback.net
For the latest on everything QashBack, follow us on social media:
Facebook: https://www.facebook.com/qashback
Twitter: https://www.twitter.com/qashback
Instagram: https://www.instagram.com/qashback
Official Telegram Group: https://t.me/QashbackICOofficial
Wordpress: https://qashback.wordpress.com/
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