All Point Pay: APP Token Cryptocurrency and Blockchain Mileage Market?
What Is All Point Pay?
All Point Pay is an advanced mileage platform that seeks to integrate the existing mileage and point markets in order to create global membership services through the implementation of Blockchain technology. This will result in the increased adoption of blockchain and cryptocurrencies by solving the major issues in the industry such as speed, security, commercial viability, and expandability.
In addition, All Point Pay aims at building a virtuous cycle on the blockchain ecosystem whereby the users can re-use the points they generate from transactions in various businesses such as convenient stores or shopping malls.
Currently, All Point Pay offers its services in Korea through its partnership with King's Commerce. However, the platform will expand its reach Southeast Asia market in 2020 and subsequently to the entire world.
How does All Point Pay work?
All Point Pay operates on its own POS system that stores all the mileage and points accumulated through the All Point Pay system. The POS system enables users to purchase products and services from the affiliated companies and after each transaction is completed, an All Point Pay mileage is created that users can redeem for APP tokens.
The points or mileage users earn on All Point Pay are stored and recorded on distributed ledger on blockchain in form of blocks. The blocks are then connected to the existing blocks as soon are they are verified to be genuine.
Holders of the mileage and points earned from purchasing products can convert them to fiat or cryptocurrencies such as Bitcoin and Ethereum on various exchanges. Alternatively, the token holders can convert the mileage to access affiliate services and products of merchants and stores registered on the platform.
All Point Pay is secured by Sharding tech, which also provides the platform with the ability to handle over a million transactions for need instant speeds. This will provide a solution to the major challenges in the mileage industry by promoting mutual convertibility of mileage points between companies, ensure mileage can be easily earned, and protect users from identity theft.
Advantages of the All Point Pay platform
Diverse ways to collect mileage
All Point Pay will collect mileage and points paid out to customers on different platforms and accumulate them on a single platform where the customer can easily convert them to tokens or redeem them for cash that can be used to purchase products and services on affiliated merchants and stores.
All Point Pay features an innovative blockchain-based mileage system that focuses on the rapidly growing electronic market. This solution can be used to quickly convert and reuse any mileage or points generated in business relationships such as fashion, entertainment, transportation, hotel, shopping malls, and restaurants.
Integration of points
Even when users on All Point Pay use different services on affiliated services, the platform will integrate and accumulate all of them on its POS. The accumulated mileage is stored permanently and can be used to purchases products and services of equal value on stores or merchants around the world.
Compared to other credit card companies or similar platforms, All Point Pay has 20 times faster transaction speeds.
All Point Pay APP Token ICO Details
Parameters of the ICO
- Token: APP
- ICO date: May 01 – June 30, 2019