Mozo is a token to discover the future of commerce. A future where Mozo becomes a digital platform for physical retail malls to thrive side by side with online commerce. Mozo is a blockchain-based solution for venues and retailers to increase foot traffic at offline stores. By issuing Mozo Token rewards, customers are driven directly to venue operators and store owners, being encouraged to discover new locations, browse products, and make purchases. We are bringing foot traffic back into the physical stores.
Visitor traffic is very important for many types of businesses, especially retail stores, larger large visitors are correlated with high sales. Controlling visitor traffic to retail spaces is always a challenge; however, the loyalty program seems to be an effective way to return customers back to the store. Nielsen consumers recently research:
Loyalty programs help drive more frequent visits and a greater number of purchases.
Seven out of ten global respondents (72%) agree that all other factors are considered equal, which they will buy from retailers with more than one without a loyalty program. While the loyalty program seems to be a promising tool to increase sales, loyalty points are based on donation programs that work well. According to and Loyalty's Report 2017.More than half of the points-based loyalty program participants (57%) did not know their point balances and more than one in three of them (38%) did not know the value of their points, let alone how to use them. Traders do not give rewards to members, are less effective and less valued by consumers.
Therefore, more effective search and ransom The loyalty program has been a challenge and subject of extensive study in the retail industry for many years.
MozoX, using breakthroughs in Blockchain, Cryptography, IoT and AI technology, the MozoX Team offers a new way to attract consumers and take them to offline stores. Simply put, the work of consumers only goes to retail outlets, malls or other places, they will be given MozoX tokens for work by traders, who buy or exchange MozoX tokens from us.
Blueprint
Getting people online is easy, thanks to online e-commerce, which has been quite successful in the last two decades. Now, given the popularity of the online e-commerce industry, making offline people more difficult. There is not enough motivation to go to an offline store. Many offline stores and brands are closed due to a lack of visitors. Efforts to invest heavily in large and luxury shopping centers, spending a lot of money on advertising and working on traditional loyalty points programs have shown a slight increase in this downward trend.
That's why on the MozoX Team, trying to bring visitors, save money, time and effort. MozoX will replace existing coupons, vouchers and point-based loyalty programs, as well as prepaid advertising costs. More time, MozoX will function as an indispensable tool, which is very important for traders and demanded by consumers, to support offline trading activities.
MozoX annoys visitors at all retail outlets, malls, places, etc., Globally. As a digital token, MozoX can start its journey from places like malls, wedding halls, or football stadiums, as explained by
a token circulation diagram below.
The journey of participants in the MozoX ecosystem is summarized below. From left to right, one can see an increasing level of trust and rigidity; when moving from top to bottom, we will get increased loyalty and are locked in.
From the pilot site, we know that merchants like MozoX through Facebook Ads because the latter does not guarantee visitors.
The question: where is the MozoX customer base? The answer: we start with "anchor tenants" (such as malls, wedding venues, sports stadiums) and hundreds of GPS locations (universities, major tourist sites) to fly MozoX tokens and capture 21st-century families and early young adopters. to create an initial MozoX customer base. After this, MozoX will continue to build sustainable Shoppers Paradise.
Opportunity
As exciting as Shoppers Paradise described above is, the opportunities and sizes that the MozoX Project can address are more than that:
Loyalty markets around the world, estimated at the US $ 300 billion, make the opportunities presented with this technology even more attractive. To overcome such a large market, MozoX's goal is to open up this giant loyalty market, support the larger retail industry, reduce their customer
acquisition costs; and shifting the retail industry from advertising and
discount to Project MozoX.
Addressable markets related to annual foot traffic include 2.6 trillion walk-in customers visiting 91 million physical stores globally, generating average annual foot traffic of 28,000 per store, or 77 daily foot traffic. Already, 90,000 physical stores have committed to using MozoX technology, e.g. we have reached only a small part of this manageable market. More will come.
MozoX products
In March 2019, we released MozoX 3.0 which consists of a personal blockchain and a large data platform, smart contracts, and support services on MainNet, all hosted on Amazon Web Services (AWS). This was followed by a successful MozoX 3.0 test on TestNet at the end of 2018 and the February 2019 announcement
The MozoX application is available on GooglePlay and AppStore, making MozoX the first team to have a complete and commercially available offer in the pedestrian traffic category globally
The majority of pedestrian traffic is concentrated around shopping centers in the Asia-Pacific region. According to our own estimates, there are a total of 6,600 shopping centers in the Asia-Pacific region excluding Japan [7-12], giving a total real estate value for shopping centers around the US $ 660 Billion, assuming each shopping center value is around the US $ 100 each million.
A 20% increase in pedestrian traffic to this shopping center (generated by MozoX or equivalent), translates into an increase of US $ 132 Billion for regional malls, which is also an opportunity market for Project MozoX. MozoX offers a marketable addressable value that is a very interesting proposition.
In 2017, Total Retail Sales are estimated at $ 23.4 Trillion [13], giving the Brick-and-Mortar Market (90% of the retail market) a value of $ 21.1 Trillion. For around 91 million stores worldwide, the average annual sales will then be $ 231,000 per store.
Our target is to register 300,000 retail stores in the next five years meaning MozoX will have the opportunity to do so and be part of the total sales value of $ 69.4 billion. A 20% increase in pedestrian traffic to these shops will potentially generate additional revenue of more than $ 14 Billion for these traders.
How does it work?
MozoX works by using "smart contracts" related to visitor activity. This smart contract is made between a retailer's smartphone or an IoT device (such as Beacon, GPS, or QR code now with the release of Mozo 3.2; and later wifi and digital cameras with the release of Mozo 5.0) and consumer smartphones when they detect each other's devices.
Smartphones and smartphone consumer retailers can accept and process transactions initiated by consumer orders. In other words, a MozoX contract is a transaction made by a user that transfers control commands between user-users, users-users, or user-systems. Therefore, we make smart contracts where the object of the smart contract is to process transactions on the blockchain network.
Roadmap
Team
More Information:
Web: https://mozocoin.io/shopper
Whitepaper: https://mozocoin.io/assets/media/White%20Paper_v10.1.pdf
Medium: https://medium.com/@mozotoken
Facebook: https://www.facebook.com/mozocoin.io
Linkedin: https://www.linkedin.com/in/mozoproject/
Twiter: https://www.linkedin.com/in/mozoproject/
Author : beeboo888
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Tel : @beeboo888
ETH Address : 0xBf5A07923242CB71c28F6a37F5dD847F12dc32D2
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