In the modern-day business world, customer engagement and the subsequent satisfaction is core to the eventual success of any business. It is that one key metric that impacts both sides of the equation – customers and the business, and ought to remain balanced and functional all the time. But it’s somewhat bizarre that the whole equation often remains unbalanced and harms either or both sides.
We’re Introducing Sandblock SAT
After observing this flaw and how it hurts business, some savvy developers decided to use a blockchain-backed protocol designed to revolutionize this relationship. The contract will enable crypto payments and build a reliable decentralized ecosystem to reward customers for their loyalty and engagement. And its Whitepaper is clear on how it will help businesses.
Sandblock will enable businesses to convert loyalty points, vouchers, and coupons into crypto-assets with tradable, real-value. It is built on top of the Ethereum blockchain and uses advanced technologies to combat fraud, malicious practices and verify transactions. And each transaction verified through the platform is rewarded.
About the Blockchain and the Ecosystem
The blockchain technology is a real disruption in the world, and many major brands and businesses are striving to align it with their plans. It comprises a suite of algorithms, protocols, and software that create a distributed ledger (a decentralized database) whose content can neither be altered or permitted to unauthorized individuals. It enhances transparency and eliminates intermediaries and eases the whole time spent conducting transactions.
With smart contracts in the Ethereum blockchain employed, businesses will be able to execute small projects and still take advantage of the core features of the blockchain. As for Sandblock, being able to help enterprises to tighten the relationship with their customers will significantly enhance its acceptance. If it gains widespread acceptance, the infinity of Branded tokens will undoubtedly increase.
About the Sandblock ecosystem, all of them will work in unison through a Satisfaction Protocol. Its participants will include:
- Merchant partners
- Their customers
- Third party actors including marketing agencies
Merchants get to be part of the ecosystem by buying Satisfaction Tokens (SAT) – the tradable currency used only at the platform. Just like other cryptocurrencies, the value of the tokens will rise as the supply of the coins reduces and the acceptance of Sandblock increases.
About Sandblock Utility Tokens and the Sandblock SAT Token Sale
Pre-sale of SAT tokens is about to start, and the best part is, the coins are available cheaply with a +25% bonus upon purchasing them. It is set to begin on February 21, 2018, and run all the way to March 4, 2018.
Payments will be made using ETH, BTC as well as Visa and Mastercard. Token costs – 1 ETH will equal 3750 SAT tokens, and the tokens available for sale at the pre-sale will be 8,000,000. Minimum transaction amounts will be as follows: Ethereum = 0.5 ETH, Bitcoin = 0.05 BTC or $500 if it is to be paid via fiat.
Parting Shot For Sandblock SAT ICO
All SAT cryptocurrencies are ERC-20 complaint and will serve as the bridge between the consortium and the real world economies. However, given that it will revolutionize the way coupons, loyalty points and vouchers are used, we’ve every reason to believe that Sandblock will affect the current e-commerce market.