Kubi.sys – A Blockchain Based Social Loyalty Platform

October 04 09:34 2022
Bring Suppliers And Customers Together To Prosperity

I. ABSTRACT

We – the so-called, maybe, co-founders of “KUBI Blockchain & Social Business”, after months of incubation, are proud to announce our official launch of the “KUBI.SYS – a Blockchain Based Social Loyalty Platform”! It is always a great journey when celebrating another milestone, just before proceeding to the next one. This one particular achievement however, marks one of the most important steps we have taken so far. It is the moment for us to bring forth all that we have been putting our hopes and dreams into. We now have the absolute pleasure and humble privilege to share this love openly with the entire community.

Our hearts are filled with determination to see everyone come together courageously. Our bodies will work effortlessly to accomplish this mission: to create a marvelous eco-system that allows all the suppliers and users will come together to prosperity.

KUBI.SYS – a Blockchain Based Social Loyalty Platform has been developped on Binance Smart Chain, where the producers/suppliers connect to community of smart-end-users to build together a prosperity. Whereareas:

The Buyers receive more benefits with blockchain coupons and moreover, turn spending into an investment; and,

The Suppliers convert more customers with blockchain coupon; easily to take care and retain customers. Boost sales by reselling, up-sales and cross sales, etc.

II. KUBI.SYS – a Blockchain Based Social Loyalty Platform

1. Global Trending Commerce Overview

DIRECT SELLING STARTED IN 1960 to allow customers in the comfort of their own home to test the products first before making a purchasing decision. Millions of people started home based businesses to earn extra income, creating a $200 billion market in just 60 years.

FROM 1990 E-COMMERCE – Now customers bought the goods directly from websites, the products were conveniently and cheaply delivered directly to their homes. Amazon in the US and Alibaba in China exploded in sales and generated many $100 billion a year in less than three decades.

FROM 2015 SOCIAL COMMERCE. Since 2015, trendsetter companies like Shopify in the US or Pinduoduo in China have drastically increased their sales with special marketing features that allow them to build customers through social media. They’ve grown into a $100 billion platform revenue company in just five years. Shopify offers great social commerce shop software for all people who want to easily market their products online via social media. Over 2 million shop owners mostly from the US now generate over $120 billion in annual platform revenues, sensational with over 10,000% growth since 2014.

SOCIAL COMMERCE is revolutionizing and completely changing the way people shop online. Social commerce is only possible thanks to the latest technological developments and a revolution in the mindset of many people with the desire for more personal freedom.

MARKET SIZE AND REVENUE – POTENTIAL. Marketing experts today predict that social commerce will grow to over €3.3 trillion in sales per year by 2028.

Traditional E-Commerce is like… In e-commerce, up to 80% of the retail price is still spent on wholesale, import, advertising & marketing.

2. LOYALTY Program

2.1. Definition:

What is a “Loyalty Program”?

Loyalty programs, sponsored by retailers and other businesses, offer rewards, discounts, and other special incentives as a way to attract and retain customers. They are designed to encourage repeat business, offering people a reward for store/brand loyalty. Typically, the more often a customer patronizes the merchant—and the more they spend—the greater their rewards.

How a Loyalty Program Works?

Loyalty program incentives vary. Typical incentives include: advance notice of/early access to new products early access to sales free merchandise or enhanced services special services, like free or expedited shipping members-only discounts.

Purpose of a Loyalty Program

Loyalty programs provide two key functions: They reward customers for their repeated patronage, and they provide the issuing company with a wealth of consumer information and data. While companies can evaluate anonymous purchases, the use of a loyalty program offers additional details on the type of products that may be purchased together, and whether certain incentives are more effective than others.

2.2. The Current Situation:

Traditional loyalty programs present complexities for both companies and customers.

  • Companies have to face costly management and uniformity across channels.
  • Customers, on the other hand, must manage numerous loyalty programs, with different and incompatible rules. In addition, customers have to make purchases they don’t need in order to avoid losing their accumulated points. Research shows that 33% of millennials do not appreciate this type of program for these very reasons.

Based on this, companies that want to be effective are looking to develop loyalty programs that are EASY TO USE, SECURE and FLEXIBLE. Blockchain has the potential to improve loyalty programs for both companies and consumers.

3. KUBI.SYS – a Blockchain Based Social Loyalty Platform

To solve the above limitations of traditional LOYALTY Programs, KUBI.SYS has developed the “Blockchain Based Social Loyalty Platform” on Binane Smart Chain.

3.1. Why Binane Smart Chain?

Binance Smart Chain (BSC) launched in September 2020, about a year and a half after the launch of its older sibling BC. It is a smart contract platform mimicking the functionality of Ethereum and other dApp platforms such as Tron and EOS.

Transaction speed – BSC is currently one of the fastest smart contract platforms, contributing to its fast growth. Blocks are generated every three seconds compared to Ethereum’s 13 seconds, making it at least four times faster.

Low gas fees – it currently costs an average of 5 Gwei to process a transaction on BSC, which is far cheaper than the 40 Gwei charged on Ethereum. That is an 8x cheaper price tag to run a dApp on BSC than running the same app on Ethereum.

Cross-chain compatibility – not only is BSC compatible with Ethereum virtual machine (EVM), it also supports pegged coins from several other blockchains allowing users to create several tokens to use on the network. Cross-chain compatibility increases token liquidity, utility, and value.

EVM-compatibility – choosing to fork the Geth Ethereum client makes BSC more familiar to Solidity developers, which gives the Binance network easy access to an already vibrant community of developers and users. Additionally, since it’s cheaper to run dApps on BSC, it makes it easy to port applications over from Ethereum, which is faster and cheaper to execute.

Credible platform – Binance is one of the most popular exchanges, and its credibility is shared across all its platforms, including the BSC. The exchange also plays an important role in the PoSA consensus by vetting all validators on the network, ensuring that the blockchain is secure and reliable.

3.2. KUBI.SYS offers the following benefits:

3.2.1. For Customers/Buyers:

When becoming a member of KUBI.SYS, he/she can buy high quality products and services at the most economical cost through the COUPON Program (Loyalty Program) thanks to businesses saving on marketing & sales and advertising costs, and many other related costs;

Turns their spending (at the same time) into an investment for the future thanks to the smart & transparent operation mechanism;

Sharing profits from community development activities; the larger the community – the more value created;

Own digital assets, participate the DAO mechanism (in the future) to build and develop the KUBI.SYS Ecosystem;

In addition, a customer can exchange COUPON through KUBI.CPS points in the platform. This also allows KUBI.CPS holders to exchange COUPON of many different products. The system is user- friendly and easy for the consumer.

3.2.1. For Supplers/Business:

Proactively and easily provide LOYALTY Program (COUPON), reach large customer community; – Save time, marketing costs, wholesale-costs;Save time – cost of customer relationship management; retain loyal customers;Boost sales by reselling, upsales and cross-sales in community;

Participating in digital asset ownership; in the DAO decentralized system, and enjoying the benefits under the mechanism of KUBI.SYS in the future;

When joining KUBI.SYS, businesses can spend their time to focus on improving the quality of products and services.

III. ECOSYSTEM & WORKFLOWS

1. Ecosystem, KUBI.SYS Platform and Workflows:

KUBI Ecosystem:

  • Web-App, D.App.
  • (NFT) Coupon Created Tool (for Suppliers/Trading Companies).
  • Coupon Internal Swap Tool.
  • Loyalty Coalition Wallet (All-In-One Wallet).
  • DEFI, Payment: Staking, Lending, Decentralized Loan & Funding, etc.; – KUBI Minting & Affiliate Program.
  • Lucky Draw Program, Metaverse Shopping Experience, etc.

KUBI.SYS Platform & Workflows:

The idea of the project has always been to create an “All-In-One Platform”, an application with which people and enterprises (suppliers, trade companies,…) can access a variety of services and features, with a single login.

KUBI.SYS began its journey as a Social Loyalty Gateway, with the aim of aggregating services from other sectors, such as e-Commerce, Trading, Create & Exchange Coupon/Voucher, DEFI, Customers Services, and much more.

All of these functions will be accessible with a single sign-on (SSO) via KUBI.SYS. Single sign-on (SSO) is an authentication method that enables users to securely authenticate with multiple applications and websites by using just one set of credentials.

3. The key benefits from KUBI.SYS, including (but not limited):

3.1. KUBI.SYS provides a vary solutions for suppliers (trading companies) to connect the Blockchain Based Social Loyalty Platform, and easily to:

  • Create (their) Coupon/Voucher in NFT to offer a wide range of customers in KUBI Community. The Coupon/Voucher inludes: Value, Rules or Conditions to use, Valid Time, and so on;
  • Set Exchange Rate to KUBI.CPS; Set Coupon/Voucher policy on their E-commerce Website, and send their Coupon/Voucher into “Internal Swap Tool”;
  • List/Show to the (Front) Pages of KUBI Coupon Hunter (some fees of KUBI will be charged);
  • Support/Servces, etc.

3.2. KUBI Community’s members (End-Consumers)

We will access the system to buy/exchange Coupon/Voucher; participate a variety of promotional, DEFI programs; and manage all kinds of Coupons/Voucher in All-In-One Loyalty Coalition Wallet; buy more, and earn more, etc.

IV. ROADMAP:

  • June – July, 2022, we started with ideas, and made researches & studies about the transition of global e-Commerce, the Metatrend of Social Commerce, and changings in our world thanks to Technology. We started to gather ideas to make an Overall Architecture Design.
  • August – Sept, 2022, very soon, we have worked effortlessly to complete the first stage of project. Also this time, we worked with a company who distributes a marvelous brand “PlussCell”.
  • Jan. – March, 2023, KUBI token will listed on Coingecko, 1-3 Crypto Exchanges on TOP 30. We also targeted to cooperate with 3-5 suppliers. Hopefully, our “Loyalty Coalition Wallet”, and “Lucky Draw” modules will be launched in this period.
  • April – June, 2023, KUBI token will be listed on Coinmarketcap, 1-2 Crypto Exchanges on TOP 10, and total 10 supplers on our KUBI.SYS. DEFE tools and Metaverse Shopping will be set up to open. And, more and more suppliers, the next stage is DAO.

V. COMPANY – TEAM LEADERS:

1. Company’s Name: KUBI Blockchain & Social Business Co., Ltd – https://find-and-update.company-information.service.gov.uk/company/14389136

2. Registered Lisence: 14389136

3. Head Office: 70 Gracechurch Street, London, United Kingdom, EC3V 0XL

4. Director: Kenny BAKER – https://find-and-update.company-information.service.gov.uk/officers/qVxguO9brybvWV0cXYbr8kgt9xo/appointments

5. Registered office address: 70 Gracechurch Street, London, United Kingdom, EC3V 0XL

VI. TOKENOMICS:

VII. SOCIAL CHANNELS:

Telegram Channel: https://t.me/kubiblockchainchannel

Telegram chat: https://t.me/kubiblockchainchat

Twitter: https://twitter.com/Kubi_Blockchain

Medium: https://medium.com/@Kubi_Blockchain

Youtube: https://www.youtube.com/channel/UC6CuU45ZnXFkWEvIYB_wqmQ

Media Contact
Company Name: KUBI TECHNOLOGY SYSTEM LTD
Contact Person: MR KENNY BAKER
Email: Send Email
Country: United Kingdom
Website: https://kubisys.app/

  Categories: