It is increasingly becoming evident that online reviews are gaining importance for restaurants and customers are heavily influenced to look at them before making their final decision. However, with our existing digital world fake online recommendations are becoming a severe problem, and this makes it hard for people to trust the review websites in use.
Luckily, the stable and secure nature of blockchain technology is proving once again to becoming vital in making online reviews more reliable. Here's one such venture looking to re-establish the restaurant review scene with its solution.
What Is Lunch Money?
Lunch Money is an upcoming ICO startup that seeks to bring the unalterable nature and efficiency of blockchain technology to the restaurant reviews market. With Lunch Money, restaurants will get legitimate and genuine reviews from customers while the customers get the reward for their proper review conduct. In short, Lunch Money seeks to automatically screen and filter for fake or poor-quality reviews, while also offering customers incentives.
How Lunch Money Incentivized Blockchain Rewards Works
The Lunch Money venture will encompass the Lunch Money token and Restaurant P.I as the main features for its operations. The Lunch Money token is the primary currency that goes into incentivizing businesses and customers.
Besides, the Restaurant P.I is the leading platform that serves to connect the restaurant owners to their customers and help build their relationship. The platform will work to ensure transparency and trust in the business for the users to access the anonymous visits and feedback.
Lunch Money Benefits
The Lunch Money toke fight against fake reviews could present the following benefits for the participants
The Restaurant P.I patrons will not need to avail their details during the review feedback as the visits are entirely anonymous during the dining
Customers get rewarded with deal coupons and restaurant discounts after successfully submitting their feedback.
Also, there are incentives for visiting the participating secret shops and review the business during repeat visits.
Lunch Money LMY Token ICO Details
Private token sale
- Start- June 5, 2018
- End- July 5, 2018
- 1 ETH= 1000 LMY ($.60)
- Token supply- 50,000,000 LMY
- Start- July 5, 2018
- End- August 5, 2018
- 1 ETH= 1000 LMY($.80)
- Token supply- 40,000,000 LMY
Main token exchange
- Start- August 5th, 2018
- End- September 1st, 2018
- 1 ETH = 1000 LMY
- Round 1 – 50 % Bonus Aug 5th – Aug 11th
- Round 2 – 35 % Bonus Aug 12th- Aug 18th
- Round 3- 25 % Bonus Aug 19th -Aug 25th
- Round 4- 0 Bonus Aug 26th- Sep 1st
- Token supply- 160,000,000 LMY
Parameters Of The ICO
- Token- LMY
- Token Type- ERC20
- Price rate- 1 ETH = 1000 LMY
- Accepts- ETH
- Market Soft Cap- 1200 ETH
- Market Hard Cap- 57,000 ETH
- Software development- 25%
- Advisor fund- 5%
- Reserve fund- 10%
- Incentive pay-out- 5%
- Bounty- 5%
- Founder- 20%
- Operational costs- 20%
- Team remuneration- 10%
Restaurant PI Lunch Money Conclusion
Quality feedback is an invaluable asset for businesses such as restaurants and Lunch Money offer a vital and powerful tool for customers to get a resourceful platform for quality advice. While there are plenty of advantages that come with the financial incentive, we may not fully know the quality of the platform till it launches. It remains an exciting venture, and it would be interesting to see how customers use the platform.