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OVATO Details, Review

Description: The multi-billion dollar loyalty rewards industry currently suffers from fractures and frictions that leak value and undermine participation. JOIN

  
 
GOAL: $35,000,000.00 USD
PROGRESS:
71.00%
PRICE in ICO:  1 OVT = 2.00 USD
PLATFORM: ETHEREUM
START:  May 10th, 2018  195 days
END:  Dec 26th, 2018
Witepaper: YES (view pdf)
Bonus:  5% | KYC: Yes | Whitelist: Yes
Country: USA | Restricted area: USA/CN
Payment Accept via: bitcoin bitcoin | ethereum ethereum |
OVATO Status & News:   twitter |   facebook |   bitcointalk |   telegram |   Website |
Program Description

About OVATO

Our new Internet-savvy society is demanding change in how business is being conducted virtually everywhere. The old bureaucracy of the 20th century is no longer acceptable. Consumers are frustrated by the friction involved in the finance world and businesses are tired of paying fees everywhere including the multi-billion dollar rewards and loyalty industry. This cumbersome and costly system of payment is not keeping pace with modern society and business wants and needs. Today’s consumers are reported to be financially cautious, seeking both value and authenticity from the companies they do business with. They appreciate a system that promotes equality and choice, using technological and new creative means. Today’s millennials expect to spend $10 trillion during their lifetimes, so systems must adapt to their needs. Loyalty and rewards programs have come a long way since American Airlines and Marriott first introduced such initiatives in the 1980s.

The loyalty census 2015 conducted by Colloquy shows that Americans are still signing up for loyalty programs in droves. Loyalty memberships jumped from 25.5% to 3.3 billion from 2012-2014.However,morethanhalf of members do not actively participate; much less end up actually becoming loyal, engaged and enthusiastic program members. A typical US household belongs to 19 to 29 different loyalty programs but actively uses only 5-12 of them. Moreover, active membership rates of participation have been on a decline since 2010. According to the U.S. Department of Transportation’s Bureau of Transportation Statistics, year after year, air travel increased by 5.5% from 2015 to 2016. A Colloquy survey found that a little more than half of Americans – 55% – have taken a flight for business or leisure purposes in the past two years. And three-fourths of respondents, said theirmostrecentflightwaswithinthe past six months. However, 60 percent of frequent traveler miles issued today are not earned but purchased instead.

Points accumulating in loyalty programs globally are considered by some as real currencies with increasing value that has attracted the attention of criminals ,according to Barry Kirk, vice president of Loyalty Solutions for Maritz Motivation Solutions. In the US alone, 3.3 billion loyalty program memberships have stored points and miles worth an estimated $48 billion, according to the Gartner Group. We believe the forthcoming ICO of Ovato represents a unique opportunity to acquire a stake in a token that will fuel a product aimed squarely at an acute problem in mainstream commerce, globally allowing participants to save money using a digital currency and at the same time providing a platform. allowing participants globally to save money using the Ovato Smart Coin. Furthermore, still in its infancy, the digital currency’s market potential for mass adoption is not “a question of if, butratheraquestionofwhen.”,thus enabling participants to save money using the Ovato Smart Coin on a global scale.

PROJECT ROADMAP FOUNDERS / TEAM


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LATEST ICOs NEWS
Lufthansa, SAP Competition Seeks Ideas for Blockchain in Aviation
Lufthansa has partnered with software giant SAP to launch a blockchain competition seeking ideas for blockchain applications in the airline industry.>> more
Jul-23-2018 11:40:44 AM
G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard
G20 member countries are looking at an October deadline for reviewing and implementing a global AML standard on cryptocurrency assets.>> more
Jul-23-2018 11:40:08 AM
Bitcoin's Price Sets Sights on $8K After Sunday Sell-off
Bitcoin continues to hold ground amid market sell-off with growing momentum to take out its next target of $8,000.>> more
Jul-23-2018 11:39:29 AM
Crypto Trading 101: Stochastic Oscillators and Price Momentum
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Jul-23-2018 11:39:05 AM
China's Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad
Bitcoin is flowing out of China, into California mansions – and changing global real estate patterns.>> more
Jul-23-2018 11:38:14 AM
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