ABSTRACT
Dealjoy is a
privacy-focused global cashback platform designed to connect online shoppers
with their favorite merchants to provide instant crypto cashbacks.
We believe that a truly
private cashback platform is need-ed for the worldwide online shopping industry
to provide the global audience with competitive cashback rates with-out
compromising users’ privacy.
Dealjoy operates
between customers and online merchants by negotiating and onboarding the best
affiliate deals. As our members proceed to an online store through the Deal-joy
platform, they will receive cashback commissions for their purchases, with
virtually no identifying personal in-formation given to a third party.
Global and anonymous
micro-payments have been made possible through the ongoing mass adoption of
cryptocur-rencies. Using blockchain technologies and our ERC-20 standardized
token called DEAL, cashbacks will be provid-ed privately, globally, and
instantly without minimum pay-out limits.
Full GDPR compliance,
anonymous instant payments, and a possibility for customers to stay completely
unidentified by the cashback platform represent a whole new standard in the
affiliate industry.
THE PROBLEM
Affiliate shopping
networks have been a thing for quite a while, but traditional payment methods
used to pay members are expensive in fees and require a lot of private details,
time, and bureaucracy.
Existing platforms
utilize bank transfers, paper checks, and online payment processors such as
PayPal to pay their cus-tomers. These payment methods are not private nor
tru-ly global and include various fees, such reducing cashback commissions and
invading the privacy of users.
The affiliate industry
is often accused of handling confiden-tial customer data unethically to increase
their revenues1. This is made possible by customers needing to provide
per-sonal information and agreeing to questionable terms in order to receive
what they are owed. Submitting private information to cashback providers along
with personal or-der history is something customers understandably want to
avoid.
Another problem, from
the user’s point of view, is the delay between purchasing goods and receiving
the commission. On the existing platforms, it may take up to three months to
receive the actual cashback. That is a long wait, and far from the customer’s
ideal.
A consumer research
report by RetailMeNot2 Inc summed up the key preferences of cashback customers:
96% prefer not to use mail-in rebates 70% prefer payment in a form other than a
check more than 55% prefer to redeem cashback offers
online nearly 50% found cashback offers challenging
to re-deem
These results exhibit,
once again, that consumers want faster payouts, more convenient cashback
platforms, and modern payment methods.
THE SOLUTION
Our revolutionary
solution to the problem is the Dealjoy platform, which pays out cashback
commissions in our own Ethereum compatible DEAL tokens.
This allows us to
concentrate on finding the best deals and bonuses for our members instead of
dealing with inter-national wire transfers, consequently requiring minimum
payout limits and cutting down cashback percentages due to high payment
processing expenses
Dealjoy cashbacks are
paid out near-instantly and without a minimum threshold. Members can withdraw
their well-earned DEAL tokens to their wallets any time to be traded for other
cryptocurrencies, or held for potential value ap-preciation. Our
community-driven token model works to the benefit of token holders, lessening
the circulating sup-ply and creating buying pressure by repurchasing tokens to
be distributed back to the community as commissions.
Thanks to the nature of
the blockchain-based ecosystem, no identifying personal information is required
of our members. As cryptocurrency supporters and visionaries ourselves,
personal data protection is our top priority. We are confident that our
community will greatly appreciate this transparent and privacy-conscious
approach.
INDUSTRY
INSIGHTS
Retail e-commerce is
predicted to rise from current yearly sales of $2304 billion to $4135 billion
by 20203, summing up to an average annual growth of 21.52%.
The cashback industry
is worth over $84 billion and grow-ing, while more than 100,000 e-commerce
merchants are using cashbacks as a marketing tool and over 64% of con-sumers
belong to a rewards site. In overall, more than 10% of online retail sales are
generated by performance mar-keting affiliates, including cashback providers4.
At the same time, mass
adoption of cryptocurrencies is on-going, with more than 10 million active
wallets5 and total cryptocurrency market capitalization peaking at $800
bil-lion in early 20186.
As proven by these
statistics, it is clear that there will be an increasing demand for
blockchain-based cashback plat-forms designed to connect customers and online
retailers for mutual benefits.
DEALSHOP
Our philosophy is to
provide members with freedom of choice. Our users can always withdraw their
DEAL tokens to their personal Ethereum wallets or exchange accounts, trade them
for other coins, or sell for fiat8 on external exchanges. On the other hand,
members may want to keep their tokens in their Dealjoy wallets for future use
in our platform.
For these users, we are
introducing the DealShop, which will be an essential part of the platform.
DealShop is a fully integrated online shop, including a variety of products,
services, and gift vouchers from our partnering online shops. Orders made in
DealShop can be paid exclusively in DEAL tokens, providing exciting real-world
utility into the DEAL token ecosystem. Using DealShop doesn’t require tokens
used for payment to be acquired through our cashback program; anyone can buy
DEAL tokens from external exchanges and spend them on DealShop.
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