Sandblock ICO: Company Review and SAT Token News Updates

Sandblock SAT ICO: Coupons & Loyalty Points To Crypto Assets?

Customer satisfaction is an important metric for the success of any business. However, this relationship is currently quite unbalanced and has negative implications for both business owners and customers. Businesses that strive to offer great customer satisfaction often go unnoticed while those with poor customer satisfaction records get through because they can game the system.

Sandblock SAT aims to balance this relationship between customers and businesses. The end game is to improve customer satisfaction for the benefit of both sides. To achieve this, Sandblock SAT wants to motivate the implementation of crypto payments as a standard form of payment. Through this system, customers will be rewarded for loyalty to a business.

Sandblock is built on the Ethereum blockchain, which is the most advanced blockchain for preventing fraud and verifying transactions. As a result, it will ensure that each customer is rewarded in a fair manner.

The Sandblock Ecosystem

The aim of Sandblock is to create an ecosystem that allows merchants to reward customers for their loyalty using digital currencies. With the help of blockchain technology, this will be quite easy to achieve.

The ecosystem will be comprised of merchants, customers, and third parties such as marketers. All of these actors will be interconnected via a decentralized system. To participate, merchants buy a certain amount of tokens. This system is designed to encourage merchants to join early on. As time goes by, the cost will rise as the supply of Tokens diminishes.

By the time the pool of early adopters is filled up, the partners in the network will have a size as to allow for decentralized governance using smart contracts. The aim of Sandblock is to unify a scatter filed of customer satisfaction while allowing customers to maintain an edge over the competition by rewarding customers.

Merchants will all be connected via the Token. They will allow customers to either use the tokens they are rewarded to make a purchase or withdraw them.

For the customers, this is going to be a major win. In the traditional reward system, customers are usually locked into the merchant’s reward system. The customer has to make more purchases from the merchant or lose out on the rewards they had earned.

With the Sandblock tokens, customers are freed up. They can choose to make more purchase or withdraw their rewards and make purchases from another merchant.  They can also choose to withdraw the merchant tokens and convert their tokens into fiat currency.

Details of the Sandblock SAT ICO Crowdsale

Sandblock will have its own crypto coin called the Satisfaction Token (SAT). The token generation event has been set for the first and second quarter of 2018. However, no precise date has been given. The token is going to be based on the Ethereum blockchain via smart contracts based on the ERC20 standard.

The smart contract will be available for scrutiny from anyone 72 hours before the start of the crowdsale. It will run for a maximum of 30 days. At this time, anyone will be able to purchase SAT with ETH. The minimum investment cap of this crowdsale is expected to be $2 million.