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.
REFUNDS
AND RETURNS
Affiliate commissions
are paid only for orders that are not returned to the merchant or refunded for
being damaged in shipment, lost package, etc. The typical waiting period for
our affiliate partners to approve and pay out commissions is four weeks from
the date of purchase. The normal practice among existing cashback providers is
to subject all cashback payouts to a waiting period. This is something we
didn’t want to do, so we came up with an innovative solution to enable instant
payouts.
Our solution to the
problem is an algorithm that analyses and determines expected return rates
using advanced data analysis. With the support of the data provided by our
algorithm, the Dealjoy platform will be able to determine purchases that are
eligible for payouts instantly after the transaction. Orders with a high risk
of return/refund are subject to a waiting period before DEAL tokens provided as
cashback are unlocked for withdrawals or further use. The possible waiting
period for high-risk orders is executed to protect the platform from malicious
cashback refund activities.
We also created an
alternative approach for users wishing to obtain cashbacks instantly after
their purchases in all circumstances. The solution is called Dealjoy Plus
membership and is further explained in the next chapter.
BUSINESS
MODEL
Our primary business
model is to provide our members with access to their favorite online retailers,
from which Dealjoy will obtain commissions to be shared with the members per
their eligible purchases.
Dealjoy will keep a
maximum of 20% of the income received from affiliate partners to pay for the
general business and platform costs and to follow the long-term marketing,
de-velopment and token burn strategies. The rest—a minimum of 80% of the
acquired cashback funds—will be paid out to our members per their eligible
purchases. As member pay-outs are carried out in DEAL tokens, Dealjoy will
continu-ously purchase tokens from external exchanges.
Affiliate partners pay
commissions within a month from the commission-entitled purchase. To ensure
continuous token reserve and liquidity for instant cashbacks, 10% of the total
initial DEAL token supply is allocated in the com-pany reserve.
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