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The IAC has been in existent since 2014, although it operated on a centralized system, it had made a remarkable achievement in the ecommerce industry. In line with its goal the IAC centralized system was able to offer customers the best of service by addressing the challenges usually encountered by customers in terms of saving their tight family budget. Base on this mandate businesses and firms began to utilize their platform for various display and purchases. Within a space of three years the growth experienced by the platform was massive, such that the number of members in its ecosystem rose to 700,000 while it also boasted of over 12,000 enterprises on its platform.
In line with its vision of offering best of service to all members of its ecosystem (supplier and customer) the IAC plans to adopting blockchain technology in solving the problems in the business industry. Apart from the fact that there is no cash back service by foremost market leaders, the existing ones are limited to online stores. More so, the existing discount system is inefficient with producers or suppliers as the case may be having little to no orientation on how they can use this tool (cash back service, discount system and coupon service) to retain and attract more customers.
The decentralized IAC addresses all the challenges inherent in the business industry and also makes the existing system more effective. The decentralized IAC platform offers customers cashback services and efficient payment system. More so, it increases the average revenue of establishments on its platform.
In a bid to attract more members into its ecosystem. Registration on the IAC is easy and free. On registering to the platform, the customer has instant access to all existing offers, discounts and promotions. Members of the IAC platform who referred other people to the IAC platform will receive a certain percentage as cashback for all purchases their referred makes on the platform. This cashback which is in form of cryptocurrency can be withdrawn in form of fiat money or used to make other purchases. Although access to the discount system is free for registered businesses, however they need to pay a certain amount in order to participate in the IAC project, advertising, internet marketing and placement on the platform resources.
The IAC token is the value recognized on the IAC platform. Rewards are earned in IAC token. However the internal currency for the IAC platform is the Auto unit (AU). Member of the ecosystem will need convert their IAC Auto Token (AT) to IAC Auto Unit (AU) at the rate of 1 Auto Token = 10 Auto Unit. An estimate of 85 million AT and 860 million AU will be created. The Auto Token (AT) will be available at an exchange rate of $1 USD per token.
To achieve its vision IAC partners with law and trust international company, I-link Company, Crypto reporter, O2O and PD pay.
IAC is managed by a 20-man team lead by Valery Schelkonogov and Evgeny Schelkonogov. The former, a highly experienced entrepreneur in the field of insurance and production acts in the capacity of the organizational corporate president while the later, Evgeny Schelkonogov acts in the capacity of the CEO of the IAC.
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