Global shopping industry is a 22 Trillion market and the loyalty reward industry is a multi-billion dollar one. It currently suffers from fractures and frictions which leak its value and undermine participation. Loyalty reward programs are costly, imposing significant tax liabilities while offering modest value to consumers.
Blockchain has an answer to these problems and Ovato is leveraging this technology to disrupt the shopping and loyalty program market.
About Ovato OVT
Ovato is a next generation of smart utility token, broadly positioned to take on the shopping industry. With the introduction of a universal token for loyalty-reward, the Ovato Token provides the perfect solution to the challenges facing today’s loyalty rewards programs.
They take a multi-prong approach by focusing on rewarding shoppers, empowering merchants, liberating social media influencers and even helping in charity.
- Social Influencers: Influencers can create their self promotion campaigns, donate to bloggers and have access to advanced analytics.
- Brands and Agencies: They can acquire personal marketing assistance, get agent commision within the platform and get analytic tools and research material.
- Token: It can be used as a payment method for marketing contracts. Tokens are awarded for dispute settlement participation.
Advantages of Ovato
- Security: 100% Safe Escrow Transactions based on cryptocurrency tokens.
- Smart Partnership: All the partnerships are managed by smart contracts and decentralized dispute solution.
- No Entry Barrier: It is accessible even for new businesses and nascent influencers.
- Precision: Using Ro and Big Data analysis, Ovato is used to forge ultimate results and smart planning.
Ovato OVT ICO Distribution
Contribution payments can be done in either ETH or BTC and a minimum purchase of 1000 Ovato OVT has to be made.
It is a standard ERC 20 token. Token sale will take place in 5 phases.
- Pre Sale: First there will be 96 Hours Pre Sale, which will be open for only private users and investors. Price of one OVT will be $0.60. And there is a 70% discount of the first million tokens sold.
- Lot A Token Sale: Scheduled to begin on 5th March 2018, this will be a public pre-sale. Price of a token will be $0.95 and the hard-cap will be set to 5 million OVT. A discount of 50% is offered on this phase.
- Lot B Token Sale: With a Hard Cap of of 7 million and token price of $1.50, this sale is schemed to start on March 27, 2018. A discount of 25% is offered in this phase.
- Lot C Token Sale: Starting on April 18th, the price of one token will be $1.75 with a hard cap of 6 million OVT. A discount of 12.5% is available.
- Lot D Token Sale: A price of $2.00 and a hard cap of 2 million is planned to be offered with a starting date of 10th May and an ending date on 31st May, 2018.
The allocations of the token raised will be as follows.
- Pre-ICO: 3% resulting in 1 million OVT
- ICO: 47% which has a value of 16 million OVT
- Bounty Program: 1.7 million OVT will be allocated to the marketers of the ICO.
- Team: 14% of the tokens are given to the management teams.
- Distribution Partners: 15% will be allocated to the distribution partners subjected to lock up agreements.
- Advisors: 16% of the tokens will be distributed to affiliate marketers, advisors and consultants.
Conclusion For Ovato OVT ICO
Ovato token will change the way loyalty programs have done business, adding benefits to merchants, customers and even charities.
Learn more about Ovato or participate in their ICO on https://www.ovato.com/.