MB8 - A real world Cryptocurrency with retail outlets ready to accept

Januari 31, 2019

http://mb8coin.io/ | ANN Thread | Whitepaper | GitHub

About

MB8 Coin will be used as the ‘fuel’ for the existing loyalty rewards network. MB8 Coin will be the first ever cryptocurrency that is released with a proven real-world use and will be accepted as part or whole payment within the existing network of vendors and retailers. MB8 Coin is set to become the backbone of the rewards network that has already been white labeled by over 2100 businesses.
Already proven and highly successful, the expansion of our Euro credit Plus loyalty rewards system was an obvious opportunity to utilize the efficiencies which Blockchain technology brings. By replacing our traditionally “closed system rewards model” we aim to expand to many new markets, leveraging the innovation of this exciting space. This transition will also allow for the platform to be greatly enhanced and expanded for the benefit of all participants. After the launch, our existing Euro credit Plus rewards platform will close to new customers and be swapped for our cryptocurrency called MB8 Coin.
Multibuy has been running their traditional loyalty rewards system since 2005. Whilst extremely successful to date, a traditional rewards system can prove costly to run and manage especially when scaling the expansion to a global market. On such large scales, the central distribution and support are labor intensive, logistically difficult and open to fraud or abuse of the system.

Why did we opt to run our own Blockchain?

We wanted to add security and transparency to our rewards system. Early tests demonstrated this technology was the perfect fit to replace our current technical solution. Developing our own chain allows us control over the distribution, integration, support, and expansion of the network.

A Blockchain based solution

This will allow us to streamline the scaling process and save on running costs. After deeper investigation and consultation, the additional benefits of switching to a cryptocurrency based reward token are:

Through participation in securing the network, you can be rewarded 5% annual growth, in the form of additional tokens.
MB8 tokens are distributed via an ICO to the public, new and existing business partners.
Inability to fraudulently issue or create additional MB8 rewards tokens.
Borderless and immediate transactions, perfectly suited to the modern global market.
The utilization of the MB8 token via peer to peer gifting and trading on crypto exchanges will allow true price discovery to take place.
Attract new customers to utilize the rewards platform, as well as bringing many new vendors, businesses and holiday locations to the rewards network.

Mobile App

Multibuy launched its first mobile app at the end of 2017 and plans to introduce new and improved features to allow customers to locate and interact with business partners accepting MB8 Coin. Linked to your pre-paid debit card, the app also doubles up as a hosted MB8 Coin Wallet which you can use to send and receive your coins with retailers, individuals or crypto exchanges.

How the infrastructure is changing

MB8 Coin Parameters

Terms of Token Sale:

Coin Details
Name: MB8 Coin
Ticker: MB8
Algorithm: X13
Type: Proof of Stake (POS)
Class: Utility Token
Segwit Ready
Main Distribution via ICO
All unsold coins will be burnt