TORONTO, Sept. 24, 2017 /PRNewswire/ -- The Canadian
Crypto Improvement Fund (CIF) has announced the launch of its
innovative project, finding a way to get businesses involved in an
untapped market worth over 150 billion
dollars. The company has introduced the CIF asset, which
offers all-in-one functionality as a business incentive, marketing
tool, and customer loyalty program. The platform has announced the
crowdsale of its digital asset, CIF which starts on October 1st, 2017. The Crypto Improvement Fund
ICO is organized in three stages, lasting 90 days. With the first
stage starting October 1, 2017, the
final stage is set to end on January 1,
2018.
The CIF token is a specially designed blockchain asset as a part
of the business incentive program that rewards cryptocurrency
adoption. Apart from its primary role, the CIF tokens have a broad
range of uses both on and beyond the platform.
Founder of the Crypto Improvement fund, Scott Douglas explained the lack of
cryptocurrency adoption in businesses –
"Although certain businesses adopt cryptocurrency for B2C
(business to customer) transactions, the list of participating
businesses is regrettably small (roughly 100,000). Although this
may seem like a large number – worldwide this is a fraction of
total potential adoption. In a B2B (business to business) market –
although research is not as sound on this topic. One can assume
cryptocurrencies hold marginal if any reasonable transaction volume
at all."
What is the Business Rewards Program?
The CIF Business Rewards Program incentivizes businesses for
their increased awareness, involvement and acceptance of the
cryptocurrency market. To qualify for the rewards program
businesses must adopt and use at least one cryptocurrency as a
viable payment method for their clients. To be eligible for the
program, a business must show that it has been accepting any
cryptocurrency as a mode of payment from its customers for at least
six months. It should also show proof that it has been promoting or
encouraging customers to use cryptocurrency payment method during
the time. By doing so, the companies prove that they are active
members of the cryptocurrency community while showing their support
to the crypto-ecosystem as a whole.
Scott outlines the goal of Business Rewards Program –
"Our goal is to arm businesses with the information and tools
to look at Crypto as a means to eliminate pain points and high
fees, as is seen all too often with traditional payment processing
systems. Too many companies focus on the product as opposed to the
information, knowledge and education of the applications generating
the ROI which is tied to the product."
The businesses that are qualified for the rewards program stand
to gain a quarterly allowance of CIF tokens from the program.
The allowance issued will be based on the total asset value
once calculated upon the completion of the ICO. The platform will
occasionally recalculate the allowance based on fluctuations in the
asset price, and it is also dependent on the total monetized volume
of business conducted with cryptocurrency.
The method of calculation of rewards acts as a driving force for
the businesses to push cryptocurrency over fiat payments among
customers. It will also encourage more online as well as brick and
mortar shops to include cryptocurrency as one of the payment
options. By doing so, they also become part of a niche market,
standing apart from their competitors.
Businesses rewarded for their participation in the project also
receive cryptocurrency training, allowing them to exchange their
CIF for fiat currencies, other cryptocurrencies, or use it to pay
for the platform's value-added services.
With CIF, the merchant demand is reflected back onto the
underlying market which in turn increases the value of the token.
The amount of CIF created for qualified businesses is finite,
leading to a rise in the token's value as demand increases later.
Thus, making the program more attractive to new businesses and
early adopters.
Value Added Services – Customer Loyalty
CIF is also designed to act as a customer loyalty program,
giving businesses many different ways to apply their allotted
allowance of tokens. Exchanging CIF to fiat is a simple process,
but the token is better served in enabling companies to promote the
increased use of cryptocurrency.
For this reason, CIF can also be used as a token to reward
clients for transactions completed via cryptocurrency with the
vendor. As a part of the loyalty program, both the business and
vendor will be provided with free training and tools necessary to
instruct customers on how to download a wallet and receive the
tokens. The loyalty CIF program eliminates the upfront CapEx costs
and capital risks for all businesses involved with the program as
they receive assets at no charge.
ICO Crowdsale
The CIF crowdsale participants can purchase CIF with BTC.
Proceeds from the sale will be used to fund various aspects of the
CIF project.
The token distribution is broken down into three stages, taking
place over 90 days. The platform has set a maximum sell cap of 125
million CIF tokens.
Stage 1: 85 million CIF – October 1, 2017, at 17:00 (UTC)
Stage 2: 30 million CIF – November 1, 2017, at 17:00 (UTC)
Stage 3: 10 million CIF – December 1, 2017, at 17:00 (UTC)
All coins allotted for the ICO would be distributed among the
investors. The platform won't be organizing a presale before the
ICO. Crypto Improvement Fund intends to maintain transparency
throughout the process. Investors can check the total amount of
BTCs raised during the ICO by searching the donation address on
Bitcoin block explorer.
Bounty Campaigns
Individuals will be rewarded with CIF for helping spread the word
about the ICO. They can advertise on social media platforms,
conduct interviews, send out press releases, translate documents,
etc. to receive bounty payouts.
The platform has allocated 15 million CIF for bounty program, and
it will be distributed upon conclusion of the ICO campaign.
Learn more about Crypto Improvement Fund
at – https://cryptoimprovementfund.io
Know more about CIF ICO
at – https://cryptoimprovementfund.io/the-ico
Access CIF whitepaper
at – https://cryptoimprovementfund.io/wp-content/uploads/2017/09/Whitepaper_CIF.pdf
Follow CIF on
Twitter – https://twitter.com/cif_team
Find CIF on Facebook
at – https://www.facebook.com/cryptoimprovementfund
Reach out to CIF on
Telegram – https://t.me/ICO_CIF
Media Contact
Contact Name: Scott
Douglas
Contact Email: media@cryptoimprovementfund.io
Location: Toronto,
Canada
Crypto Improvement Fund is the source of this content.
Virtual currency is not legal tender, is not backed by the
government, and accounts and value balances are not subject to
consumer protections. This press release is for informational
purposes only. The information does not constitute investment
advice or an offer to invest.
Related Links
Bitcoin PR Buzz
Crypto Improvement Fund
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SOURCE Crypto Improvement Fund