Sandblock technology-based blockchain creates technology
Abstract
Customer satisfaction is one of the key metrics for any business strategy. Today, the relationship between business and customers is an imbalance and disadvantages both sides. Businesses that provide quality products or services often fail to extend them to reach, ortho properly engaging with their clients through loyalty programs.
The goal of the Sandblock project is to balance and redefine the relationship between business and their customers by building decentralized protocols that define, measure, and improve customer satisfaction for the benefit of both parties. Sandblock's protocol aims to encourage the payment of crypto by building a reliable, decentralized ecosystem that directs customers to their engagement and loyalty. This protocol is built on the Ethereum blockchain and uses this technology to prevent it from fraud, malicious actions, and use transaction verification to ensure that each user enters the ecosystem gets the rewards referred to.
Sandblock is a blockchain-based technology developed as a platform to convert loyalty points, coupons and vouchers into cryptocurremcy. Sandblock creates technology to make loyalty point changes easier and safer and does not cost much. With this we can improve customer satisfaction and company. For example, when we want to buy something in any market / company / brand and we buy it. Sometimes brands give us gifts. But now things get so complicated because too many things are chosen, too much time is wasted and lots of data is provided for free. Privacy is the biggest problem we have when we give it to any brand and we can not ensure that our data is used for anything else that could impact data leakage. Now Sandblock is built on blockchain to solve that problem and our data becomes very secure and we can improve our privacy. The Sandblock project is supported by a Token that can be used to exchange loyalty points. Please visit the website, JN Thread and whitepaper and also watch the video for more information.
HOW SANDBLOCK WORKS
Merchants join the network through a partnership form by purchasing a certain Token Satisfaction amount (tradable currency to be created during Crowdsale Sandblock). This ecosystem is designed to encourage early adoption by traders, the cost of joining partner networks will increase as the available supply of Satisfaction tokens (SAT) decreases naturally. In the first phase of development and growth, Sandblock will allocate a portion of the Satisfaction Token for initial partner adoption (in proportion to the amount of SAT purchased by the token pool traders described in the Crowdsale section of this document). By the time the initial adopter pool is fully consumed,
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WHY SANDBLOCK
SANDBLOCK'S The goal is to unify the scattered field of customer satisfaction while enabling traders to keep their advantage over the competition when they decide to credit customers for their engagement and loyalty (by giving them their opinions on their experiences for example). To achieve this, Sandblock allows each trading partner to create its own Cryptocurrency (Token Brand) based on the Satisfaction Token. Branded Tokens are deployed and created using Intelligent Contracts which will describe a set of rules applied by merchants to reward their customers for their engagement. The Satisfaction Protocol is then responsible for reward calculations and autonomous allocations depending on the rules set by the merchant.
Crowdsale
Sandblock will create its own cryptocurrency - named Satisfaction Token (SAT) - during the Crowdsale or Token Generation Event (TGE), which will take place between the first and second quarters of 2018. The exact date will be announced on the sandblock Website official https://sandblock.io. SAT will be created on Ethereum blockchain using Smart Contracts in accordance with ERC20 standard. The token Smart contract will be available for anyone to read (a link to the contract source code on Github as well as the contract address in the Ethereum blockchain will be provided on the official Sandblock website.
Crowdsale SAT is set to run in two phases, "pre-sales" and "sales" for a fixed duration, where contributors will be able to buy SAT using at least Ether (ETH) and finally cryptocurrency or other currencies at a price depending on their current sales status make a purchase. The crowdsale maximum limit is set to around $ 8M (US Dollar), this number may vary slightly depending on the value of each received currency at the end of the crowdsale.
The SAT will be transferable after the duration specified after the crowdsale expires (this duration will be mentioned on the official website and may vary depending on the crowdsale speed), either because of the maximum cap range or by reaching the end of the period of the contribution period we work with the stock exchange platform to have SAT which are registered on the platform for trading purposes.
SAT Allocation
Satisfaction Tokens (SATs) will be created during crowdsale at some level. There are a total of 55 000 000 Satisfaction Token with 50% of them (27,500,000) for sale during Genesis Token Generation. During each phase of the Generation Token Event. After that crowdsale is finished, the maximum supply of Satisfaction Tokens will be fixed and lasting.
Crowdsale is designed to have 50% (fifty percent) of tokens sold to the public during the sales period, while 8% (eight percent) is allocated to gift campaigns dedicated to community members who will be involved with us to create better projects and help we spread the word about Sandblock. About 12% of tokens will be allocated team members and future team bonuses to align our incentives with all contributors, provide the best services and products, and raise worldwide awareness about the project. A portion of all tokens will be dedicated to early business adoption as an incentive to join the network. This section represents 30% (thirty percent) of tokens created during Token Events and will be distributed gradually to businesses that follow the set of rules specified on Sandblock websites and blogs.
Pre-sale has a fixed interest rate for the duration while the final sale rate will decrease over time, depending on the amount of SAT purchased by all contributors. Formerly tier 1 token obtained level move to tier 2 and so on. Token will be allocated during crowdsale using the following rates:
Use of Funds
All funds collected through the crowdsale process will be dedicated to the development of the Sandblock ecosystem. The budget allocation will vary slightly depending on the final amount of increases and will be adjusted based on our business plan at the end of the crowdsale.
The following chart represents a global budget allocation:
Roadmap
For more information :
Website: https://sandblock.io
Whitepapper: https://sandblock.io/whitepaper
Twitter: https://twitter.com/sandblock_io
Facebook: https://www.fb.com/sandblock.io
Telegram: https://www.fb.com/sandblock.io
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1150447
My ETH address: 0x85Cc217E6BcBB2881aE96a3fE97d481aeE166872
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