Before we dive into this review, it is important for us to learn about affiliate marketing, and how it has grown over the years. Statistically speaking, we can see that the global expenditure on “Affiliate Programs” lies in excess of $10 Billion per annum. However, in the 25 years of its existence, this domain has been ridden with many flaws related to fraud, mistrust, delayed payments etc. Even with all of this issues, more than 80% of all companies make use of an affiliate marketing program.
What Is AffiliateCoin?
As the name suggests, AffiliateCoin is an all new “decentralized affiliate network” that makes use of specialized tools to enable “secure, indisputable transactions” to take place on the Blockchain. In addition to this, AffiliateCoin also gives “publishers” a chance to receive good revenue percentages when compared to traditional models that have been used within this industry.
It is also interesting to note that this platform removes some of the main barriers that have traditionally kept small businesses from using such marketing strategies in the past. It does all of this through the use of “Smart Contracts” that allow AffiliateCoin to utilize a “Pay Per Action” model. Some of the industries where AffiliateCoin can really make a difference include e-commerce, fashion, sports, finance and online gambling.
AffiliateCoin Affiliate Marketing 3.0 On Smart Contacts Key Advantages
Though the use of this platform, the problem of fraud can be tackled in a bigway. Since AffiliateCoin makes use of “Blockchain technology and Smart Contracts”, it is able to completely negate any issues related to third party hacking, intrusion etc.
Another key aspect of this service is its ability to instill customer trust via the use of various safety protocols. Since all of the monetary payments (done within the system) are executed automatically (without the use of any middlemen), users can be sure that they will get paid in a timely manner.
There is no monthly fee or any signup costs involved with this entire project. As a result of this, merchants, small business owners can readily make use of AffiliateCoin.
No Late/Disputed Payments:
As mentioned previously, though the use of “Smart Contracts “ any problems related to late payments can be removed completely. Not only that, monetary issues can be solved swiftly as each and every transaction is carefully recorded and stored indisputably on the “public ledger” (of the Blockchain).
Other AffiliateCoin Key Aspects To Consider
No Broken Offers:
Though the use of streamlined transactional channels, AffiliateCoin is able to subvert the issue of “inactive discount codes”.
Though the use of “unique offer codes”, publishers are able to offer their customers with quality incentives, and thus save more money than traditional offer based strategies.
Through the use of a “machine matching algorithm”, this platform is able to generate good recommendations for both Publishers and Merchants. As a direct consequence of this, the ROI’s for all involved parties can be maximized.
Another underrated feature of AffiliateCoin is that it provides its users with the option of participating in a “token buyback scheme”. As a result of this, company investors will be able to “purchase open-market tokens” incase the market value of native coins dip below their initial net value.
All of the funds that are with investors are stored via the use of a multi-signature wallet.
AffiliateCoin AFL Token ICO Details
As is probably clear by now, this platform will be making use of a currency that will be abbreviated as AFL. It is an ERC20 compliant token, and there will be a total of 1,000,000,000 AFL that will be produced.
There will be three sale periods, via which the tokens will be distributed. They include:
This sale period is only open to invited customers. It will allow investors to procure a total of 18,000,000 tokens (1% of the total supply). During this period, a bonus of 80% is applicable on each purchase. The minimum buy amount has been set at 0.01 ETH.
This is the pre-ICO sale wherein users will be able to obtain a bonus of 40% on each purchase. There will be a total of 28,000,000 tokens that will be made available during this period. The minimum purchase amount has been set at 0.01 ETH.
During this period a major chunk of the tokens ( 57% – 554,000,000 ) will be made available to the public for purchase. The price of the tokens during this period has been set at 5,000 AFL per 1 Eth.
Token Allocation Scheme
- 60% of the entire currency pool will be made available to public investors via the aforementioned sale periods
- 27% of all native tokens will be reserved for use by company officials.
- Another 10% will be used for the creation of a reserve fund.
- 2% will be used to create a bounty program.
- The remaining 1% will be used for the creation of new “third-party partnerships”.
Revenue Utilization Model
As per the official company whitepaper, the collected funds will be used in the following manner:
- A massive chunk of 55% (of the entire revenue) will be used for the further development of the core AffiliateCoin system.
- 10% of the money will be used to pay for server and hosting costs.
- Another 10% has been set aside for marketing and advertising of AffiliateCoin to a global audience.
- 5% will be used to promote company sales.
- 10% will be used to cover for operational costs (including admin/ dev team salaries etc).
- The remaining 10% has been set aside for security bolstering and penetration testing.
For any further details or clarifications regarding this service, users can get in touch with company representatives via email ([email protected]). Alternatively, there is also a live chat option that can help us connect with the dev team instantly.