International Auto Club (IAC) is an automated platform bringing together the best features of payment systems, cashback services and partnership programs. In fact, the IAC company has passed the stages of start-up, growth and establish and now it’s ready for the expansion stage. Today it is one of the largest cashback services in Russia and CIS countries with its own payment system and a unique partner program.
The blockchain technology will allow the platform to be brought to a new level, to meet new challenges and make the existing solution even more effective.
AutoUnit is a blockchain-certificate for purchasing goods and services placed on the IAC platform and offered by partner enterprises. The certificate provides all mutual settlements between IAC and goods and services suppliers as directed by the users.
The company plans to sell 70% of its tokens. The rest will be spread between the participants of the bounty campaign, the project’s team and advisors.
– Sale – 70%
– Bounty – 15%
– Team – 10%
– Advisors – 5%
Funds, acquired during the ICO will be allocated in the following fashion:
● 58% of the funds will be spent on the development of the payment system, which includes:
○ connecting offline companies to the payment system;
○ implementing payment solutions within the AutoUnit system;
○ opening our own bank (NSCA);
○ opening branches of the bank in other countries;
○ implementing the option to make payments inside the system using any cryptocurrency.
● 32% of the funds will be spent on marketing. This includes:
○ market analysis, media research;
○ development of marketing strategy for the expansion to foreign markets;
○ rework of current positioning and all marketing tools, including the website and landings;
○ creation of new marketing tools;
○ all marketing budgets (internet, television, radio);
○ consulting, PR agency fees.
● 10% of the acquired funds will be spent on technological development and support of the platform. This includes:
○ development of subprojects using modern technologies;
○ staff expansion, creation of additional highly skilled work teams;
○ further training for specialists, technical consultations;
○ development and support of the whole system and separate subprojects based on various modern technologies, including clusterization, scaling, blockchain and others;
○ purchase of modern, high-performance hardware and costs associated with maintenance, modernization and servicing;
○ workplace setup (offices, office hardware and software);
○ purchase of modern, high-performance hardware and costs associated with maintenance, modernization and servicing.
1). A relatively large and growing number of active affiliates, online and offline stores and various services suppliers:
– More than 12,000 organizations provide discounts for the platform users
– Cashback in 12,000+ offline stores in Russia and CIS countries
– Cashback in 700+ online stores
2). A wide range of goods and services: IAC does not limit itself to only one portion of the market, you can find nearly any goods and services on the platform – from grocery to insurance, from tourism to car washes.
3). The platform has the unique feature of referral cashback – a loyalty programme consisting of 9 levels. Each level guarantees the user an increase in cashback and passive income from purchases made by referrals.
4). IAC’s cashback can be as high as 90% of what the platform receives, depending on the size of the cashback set by the supplier, and the status of the user (user, affiliate user, partner, VIP partner).
5). Currently there are about 650,000 users registered on the platform and making use of cashback, discounts on goods and services and other bonuses. Among them there are more than 70,000 members of the Auto Club, who have the access to additional services and a higher cashback rate. The platform has been functioning smoothly for over 3 years which means that it is a successful and time-proven business. The platform is financially stable and cash gap-proof due to the large number of active users, good trade turnover and a smart monetization system.
6). IAC was created in 2014 by specialists in the client loyalty sector, and its goal is to provide high quality services and goods on bulk prices. Since then the project has grown and many new specialists and experts have joined the development team. The large number of active users provides the team with enough information and statistics, based on which a successful development strategy can be built.
7). The integration of blockchain into the system will allow for transparent transactions, which will boost trust in the project. Our own cryptocurrency will simplify the fiscal relations between businesses, users and the platform.
8). Besides receiving cashback, users and partners of IAC have access to many discounts and the company’s own projects. Users can also make use of training programs that were developed in order to help them increase their income in the system. Every member of the Club can build their own business, while we provide free tools for advertising. Users also have access to corporate mobile services (which also includes cashback), beauty and health programmes, investment projects and mobile applications for Android and iOS.
International Auto Club (IAC) is a Decentralized marketplace with multilevel cashback. Unlike other ICO’s, IAC is not a startup project, the corporation is fully developed and is the biggest cashback service in Russia. With its plan to move the business to blockchain technology, it aims to offer its clients with more effective solutions. Currently, IAC is at the expansion stage where it is planning to provide its services to other countries.
IAC aims to be the bridge between consumers and businesses, in order to provide a win-win situation for both where neither the consumer pays more nor the business loses money in the competitive market. In general cashback services aim to benefit a single entity and not both, where IAC benefits both.
Additionally, at present, there are no systems that allow cashback payment system in cryptocurrency. The International Auto Club ICO presale begun on January 25, 2018. AutoToken will be an IAC’s token, and 85,982,639 tokens will be released. Tokens will generate progressively as the sales advance.
Existing Problems in Cashback Industry
The project aims to facilitate offline businesses with cashback services which are unique in itself as most cashback systems target online businesses. IAC wants to enter the market where there is lack of trustable referral systems, cashback service, and partnership programs. IAC will be in all in one.
The present cashback services are not that effective as in most cases they only benefit a single entity. The IAC aims to narrow the buying and selling margin of goods, where both the buyer and seller benefit. It will be the only platform with a cashback service that has its own payment system. Moreover, there are no services that offer cashback service and multilevel referral system at the same time.
The existing cashback ecosystem mainly furnishes the online space. However, with IAC platform offline business will also be part of the cashback service. Blockchain technology plays an important role for the further advancement of the IAC platform. Additionally, decentralized technology keeps data safe and immutable. It will operate as an independent, decentralized digital system which will restrict access to hackers. The IAC whitepaper states, “Blockchain provides additional transparency and security and also allows to list AutoUnit on the stock exchange.”
Solution to the Existing Problem
The platform offers more opportunities and mutual benefits for buyers and sellers. The platform will also help offline business to increase trade volume with its huge established client base. Moreover, it also can earn from referral programs.
How Does the Platform Work?
Both consumers and enterprise register free of charge. Consumers can avail discounts and offers on the platform while businesses can benefit from the burgeoning client base. Once a consumer is registered, one can make use of the referral program. For enterprises, the Autobonus program is available which will maintain records of purchases. The platform also offers customers to withdraw funds into fiat money. Registered enterprises can get discounted rates on paid services such as advertising, internet marketing, website creation and mobile applications. Registered consumers can pay with the internal currency for purchasing goods and also get access to the partner programs.
Why Choose IAC
IAC has three major advantages in the competitive market of payment systems and cashback services. These advantages are – Multilevel recommendation system, cashback in offline businesses and platforms currency.
Multilevel Recommendation System
Most of the present day cashback services offer one-level recommendation system, whereas IAC platform offers nine cashback levels making it more profitable for consumers. In simple words, you will not only be rewarded for the friend you invite but also for the individual that your friend invites. The reward process continuous for nine levels and rewards are allocated based on the recommendation position one holds in the chain.
Cashback for Offline Businesses
Akin to multilevel recommendation system, most cashback services only serve online stores. However, with IAC, over 12,000 offline stores are represented on the platform. Moreover, IAC claims that it offers the highest percentage of cashback in the largest online stores. A mobile application, Autobonus, is also available where consumers get cashback as a substitute for discounts.
IAC offers its consumers to pay for purchases of over 20,000 types of goods and services using its own currency. In addition to that, referral rewards and bonuses can also be used to buy new things on the platform.
Token Sale and Fund Usage
The IAC will emit 85,982,639 AutoTokens at a price of $1. Additionally, the company intends to release 3,000,000 AutoUnits – an internal currency for the company’s platform. The ICO will take place in five stages including the presale. The presale started on January 25, 2018, and ends on March 18, 2018.
According to the whitepaper, the company intends to sell 70 percent of its tokens, while leaving the rest for project’s team and advisors and participants of the bounty.
The procured funds will be distributed as follows:
The whitepaper states 58 percent of the funds will be used for developing payment system which includes linking offline business to the payment system, implementing payment solutions within the Autounit system, put in an option to make payments inside the ecosystem via other cryptocurrencies and open branches of the bank in other countries.
Then 32 percent of the funds will be spent on a marketing strategy that consists of marketing strategy, media research, PR agency fees and creating new marketing tools. The remaining ten percent will be spent on technological development and support of the ecosystem that includes hiring professionals to join the team, training staff and development of subprojects.
The total amount that the IAC aims to acquire is $50 million. If it succeeds in obtaining the funds from different stages of the ICO than 29 million will be spent on developing the payment system, $16 million for marketing and $5 million for technological development of the platform.
At present, the company has over 600,000 users with a turnover of $8.3 million dollars. Based on the strategy if the company reaches its goal of two million users in 2018, the expected turnover would be $33.3 million. It also aims to reach a mark of ten million users in 2019; if it does manage to reach the mark, the company will have an estimated turnover of $250 million.
The IAC team consists of highly experienced and skillful individuals. Valery Schelkonogov, IAC Corporate President, is a businessman with an experience of 30 years. He has expertise in the auto business, insurance, and production. Evgeny Schelkonogov, IAC Chairman, is an entrepreneur and investor who possesses an experience of 18 years in fields such as auto business, construction, insurance, information technology. Sergey Zaycev, Head of IAC Discount System Development Department, is an auditor holding an experience of over ten years. He is a certified specialist in Applied Informatics in Economics.
International Auto Club aims to revolutionize the cashback services industry and affiliation programs. The ICO seems to have great potential as it has a backup of its existing 600,000 users that back the company. With the introduction of the blockchain, more users are expected to make use of the company’s cashback services. IAC is a clear-cut solution to the existing issues in the cashback prices market, where there is lack of trust and transparency. However, IAC employing blockchain will raise trust and make the entire ecosystem transparent. More information on International Auto Club ICO is available in the whitepaper.
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