CoinX, the world’s first blockchain consumption promotion network is set to take the consumer market on a growth ride by providing a more rewarding consumer experience.
CoinX is positioned as a virtual asset in the customer traffic sharing blockchain to connect physical stores, businesses and consumers. The innovation looks to provide effective customer resources and advertising channels for businesses; as well as cross-store consumption, reward and promotional system for customers.
An All-in-one Solution
Following the stalemate in the once explosive e-commerce industry, traditional brick-and-mortar shops are back in business as they continue to provide better consumer experiences and raking in huge volume of sales.
The reason for this U-turn in the consumer market is not far from consumer’s need for a better shopping experience. This development is bad news for the merchants who now have to spend more for customer acquisition as a result of the lack of data to track advertising and promotion spend. There is also the restriction of information flow between physical shops which makes data sharing difficult to achieve, and leads to isolated information silos.
But CoinX aims to use the blockchain technology to integrate retail and services industries and break down the traditional barriers between stores by unifying their own coupons, reward points, loyalty cards and stored value in an integrated referral system.
How The CoinX Blockchain Works
Although centralized online payment platform are capable of connecting users, they tend to serve the big players by feeding off the merchants' customers rather than sharing the customer traffic.
But CoinX blockchain allows consumption generated via referrals to be rewarded through very accurate rebates, giving recommender substantial returns. This is a bold idea, it has never been possible to break down the consumer barriers before, all of a sudden everything is simplified. Perhaps in the future CoinX will be able to provide services wherever there are consumption scenarios.
Founders, Paul Lewis and Marc Aspinall are optimistic that since the physical store retail ecosystem has numerous participants and is rich in data & information, the blockchain technology, as large-scale consensus tool, is well suited for its operations.
The duo have 38 years of sales and financial markets experience between them and poised to see CoinX succeed.