Redemption Technology – the world turned around
November 10, 2017 3:07 pm,
We have been hearing and reading a lot about the virtual currency, also known as Cryptocurrency. There are a number of places that accept Bitcoins as a mode of payment, but again there are two sides of a coin, so, there also exists a lot of places that haven’t accepted cryptocurrency, bitcoins or ethereum as a legit form of payment. So, to overcome this bias, Redemption Technologies (Redemption.Cloud) has initiated a project where people can make payments through bitcoins or Ethereum even at places that do not accept it. But how does all this work?
The biggest problem faced by a lot of virtual currency users is that payments made in cryptocurrency are really unfavorable due to the time it takes to confirm a transaction. The Redemption Technologies platform will allow any merchant to accept cryptocurrencies as a mode of payment. The token (DEEM) will allow subscribers the ability to purchase discounted goods and services Securely and Anonymously. The Merchants who advertise on the platform are paid for their goods and services by Redemption Technologies in any currency of their choice, which thus, allows them to accept cryptocurrency without being paid in cryptocurrency (smart, right?!).
The registration at Redemption Technologies only requires an email id and a password, unlike other platforms where a provision of a name, address, social security numbers etc are a compulsion. Redemption.Cloud already pre-negotiates purchases with the merchants to provide products at a discounted rate which will attract more subscribers. The cryptocurrency is converted into DEEM tokens by the subscribers as it is easily accepted by merchants (why? How? – because it does not require any knowledge of the blockchain process, wallets or Cryptocurrency)!
As Redemption Technology Platform is designed to work with all mobile phone applications, its first project will be partnered with Partylink (ThePartylink.com). The DEEM tokens will be merged into the Partylink mobile app which will initiate the use of cryptocurrency into everyday life. The Initial Coin Offering (ICO) will begin on the 7th November 2017. With 100,000,000 DEEM tokens to be launched. 1 ETH = 1000 DEEM + BONUS. The crowdsale will continue until either (a) 10,000 ETH is received, or (b) 4 weeks from the ICO launch. On the 1st week, 1 ETH = 1300 DEEM Tokens (30% Bonus), 2nd week 1 ETH = 1250 DEEM Tokens (25% bonus), 3rd week 1 ETH = 1200 DEEM Tokens (20% Bonus) and finally on the 4th week 1 ETH = 1100 DEEM Tokens (10% Bonus).