THE
DEALJOY PLATFORM
The core of our
business is the Dealjoy platform— an all-in-one dashboard for exploring and
finding the best and most exciting cashback-offering vendors.
Dealjoy can be accessed through the web platform and our native Android
and iOS apps. Members can browse through
Dealjoy’s virtual catalog of their favorite
merchants and seek the best deals to earn DEAL tokens for purchases. When a
customer finds an interesting merchant or deal, they can proceed to the website
and start shopping.
THE
DEAL TOKEN
All cashback rewards
will be paid to the customers in DEAL tokens to create a simple and engaging
way of rewarding our members for using the platform.
The tokens can be used
to make purchases on the integrat-ed DealShop or be withdrawn to an external
wallet. The DEAL tokens are, by default, stored in the user’s personal wallet
on the Dealjoy platform.
Since cashback rates
are based on fiat prices of purchases, real-time price data from external
exchanges will be used to determine the actual amount of DEAL tokens paid out
to members at any given time. The token’s value will always and without
limitations be determined by open markets on external exchanges, and Dealjoy
will only participate in the exchange markets through transparent and
pre-deter-mined buyback and token burn mechanisms.
The DEAL token is an
ERC20-standardized token imple-mented on the Ethereum network. The platform was
cho-sen for its broad adoption, fast transfers, and cheap trans-action costs.
Using ERC20 standard helps DEAL token to achieve a high adoption among external
exchanges and the community.
VALUE
STRATEGY
Owing to our great
appreciation for early-stage contribu-tors and all future DEAL token holders,
we created an effi-cient and scalable strategy for the DEAL token to appreci-ate
in value along with platform user base growth. Dealjoy will be using three main
procedures to support the growth of DEAL token value: token buyback model,
token staking, and long-term token burn strategy.
TOKEN
BURN STRATEGY
A part of the revenue
generated by the Dealjoy platform will be used to buy DEAL tokens from external
markets to be burned, decreasing the total supply of tokens and in-creasing the
value of the token and our platform in general. The burned tokens will be
removed permanently from the circulation and will not be accessible to any use
ever after. This strategy is implemented to stimulate higher demand for tokens,
leaving the token holders with increased pur-chasing power.
Dealjoy will use 1% of
revenue to buy tokens for burn-ing. The maximum amount of tokens burnt per year
is 100,000,000 DEAL and the minimum token total supply is 200,000,000 DEAL.
When the minimum cap is reached by burning tokens, no more tokens will be
burnt.
Funds allocation
The
tokens allocated to the team are subject to a vesting period of 36 months. The
advisor tokens will be vested for 24 months. Tokens will be released gradually
in equal shares during the periods.
KYC
KYC (Know Your
Customer) is an identification procedure that we need to follow in order to
respect the local laws. All contributions are subject to KYC, which will be
conducted before contributing to the token sale.
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