Dealjoy | ICO Review

ABOUT

Dealjoy is an established and developed platform integrated with blockchain technology and smart contracts. Blockchain's technology makes Dealjoy's plate to become a platform with unique services and products, and smart contracts are used as an agreement among platform users so it can record every transaction that takes place in this platform. So transactions are safe, transparent, and faster. The global cashback service will be the cornerstone of the privacy services developed by Dealjoy Platform. Website : https://dealjoy.io/

Dealjoy can also connect online shoppers with your favorite merchants to provide instant crypto cashback. All cashback from Dealjoy will be paid anonymously in the DEAL token that is compatible with the Ethereum ERC-20 platform.

Dealjoy is a blockbuster platform to reward users for purchases, paid to users in cryptocurrency.

Dealjoy works to connect customers and merchants online by negotiating and onboarding the best affiliate deals. Next will proceed to the online store through this platform, they will receive a cashback commission for their purchase, with virtually no identifying personal information being provided to third parties.

THE DEALJOY PLATFORM

The core of our business is the Dealjoy platform— an all-in-one dashboard for exploring and finding the best and most exciting cashback-offering vendors.

Dealjoy can be accessed through the web platform and our native Android and iOS apps. Members can browse through

Dealjoy’s virtual catalog of their favorite merchants and seek the best deals to earn DEAL tokens for purchases. When a customer finds an interesting merchant or deal, they can proceed to the website and start shopping. Website : https://dealjoy.io/

VENDORS

For retailers, cashback programs have delivered immense-ly impressive results in multiple indicators of sales perfor-mance.

According to market research7, merchants experienced a 240% average increase in conversions and 46% average increase in order value with cashback programs in use. In general, cashback programs result in improved engage-ment, decreased bounce rate, and increased amount of time spent on-site.

The following online consumer behavioral findings of 2015 Global Cashback Industry Report explain the massive posi-tive sales impact of the cashback programs well:

99% were more likely to make a purchase after finding a discount

87% actively redeem rewards for points, cash back and reward miles

82% claim if they can find all the discounted products they need on one website, they will shop on that site frequently

52% say getting the best price and discounts is the top reason they shop online

A vast amount of online vendors have indeed implemented an affiliate program to boost their sales and enhance visibility. These include the most significant e-commerce platforms in

the world, such as Amazon, eBay and AliExpress. Since the basic technical affiliate infrastructure already exists for most of the vendors, adding a support to those websites is

a quick process for Dealjoy. There is no need for long-last-ing negotiations or complicated integrations to onboard new merchants to our platform.

As a community-first project, our members will be able to vote and suggest merchants from whom they would like to receive cashbacks and deals. If there is demand for vendors that do not currently offer an affiliate program, we will get in touch with them to inform our community’s

interest. In the best case scenario, we will onboard such vendors ex-clusively to the Dealjoy platform.

DEALFEED

In addition to the basic model of operation— referring our users to online stores to obtain cashbacks on all their purchases—the Dealjoy platform will include product and category-specific deals for our members to benefit from. These deals will be available on the DealFeed, which will be integrated into the platform.

DealFeed is a whole new gamelike way to find and browse customized deals and offers by swiping. It is powered by the Dealjoy Matchmaking Algorithm (DMA) which utiliz-es machine learning and customer preferences to creat a customer-specific stream of interesting daily changing deals. These specific deals are obtained directly from the collaborating vendors and will offer our users even higher cashback rates.

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.

For more information:

Website : https://dealjoy.io/

Whitepaper : https://dealjoy.io/files/Dealjoy_Whitepaper.pdf

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