Draft Decision

Point-X team out to solve those issues. We propose a universal loyalty platform based on blockchain technology that will allow individuals customers to truly magnify their shopping experience, by allowing the conversion of rewards and their subsequent exchange for real tangible products. That creates a freedom of choice for consumer that will ultimately drive the loyalty market.

The use of smart contracts will enable businesses to automatically enter the coalition, the self-adjusting rules without going through the lengthy negotiations.

Thus, the user gets a wide range, new experience and freedom of choice.

The primary token platform CNX * (COIN) with a fixed price according to the EURO/$USA value: 1 coin = 0.01€/$. This will allow us to stay flexible and offset the negative fluctuations of cryptocurrencies in the public market and provides clarity of value for the consumers as opposed to accumulation of the funds in fiat currencies.

The CNX token is born at the moment of creation of the loyalty program by the partner and burns down when the consumer exchanges it for goods or services.

Additional PNX * tokens are used to pay the platform Commission.

Inserting internal PNX  token as a means of storing and exchanging between other currencies and loyalty programs, Point-X and PNX will become the norm for consumers and business that use loyalty programs. It also gives a universal benefit that attracts more attention regardless of the method of discount delivery.

Through personal accounts, Point-X customer can always convert CNX to PNX, CNX to €/$, PNX to ETH, and PNX to €/$.

Example: “five stars” allows users to only spend the accumulated currencies and bonuses at the establishments where they were awarded. PNX is a universal platform that allows to use bonuses and rewards not only in certain chains and franchises, but to also convert it into other bonuses and currencies depending on the user’s needs.

Point-X Platform

busines model main

The loyalty industry is highly fragmented, and this makes it attractive for the implementation of solutions based on blockchain technology. If loyalty programs are compatible with each other, the client wins. Platform Point-X can be linked largely unrelated world of incentive programs to reduce costs, eliminate inconsistencies, to yield bonuses and maturity bonuses almost in real time, to provide a more secure environment and simplify business relations.

With a lot of marketing tools available, the businesses often do not know how effective they are and often are required to pay installment fees upfront followed by monthly fees even if the tools are not being used. Point-X customer loyalty platform will be available for businesses for free. Businesses will be able to interact with their customers with no strings attached while Point-X will only charge a small commission on the marketing campaigns, if the businesses decide to create them.

Point-X platform makes it possible to:

  • Marketplace discounts and special offers with GEO targeting. (as ZiIlow for discounts).
  • Receive cash back bonuses on the purchases they make. 
  • Small Businesses will be able to create marketing campaigns, target the desired segment of the population based on Cost-Per-Action model. 
  • The manufacturer of the goods and services that can directly encourage consumers.
  • Universal platform of exchange in multiple loyalty programs.
  • Automatically create e-wallets, find interesting marketing campaigns, take required actions, and monitor transactions and review receipts from purchases. 
  • To easily and efficiently integrate with business infrastructures through the platform and API. IT will also allow users to safely store and use CNX / PNX* tokens as a universal exchange tool between all the aspects of shopping experience. 
  • etc.

Additional Features

Marketplace
Рromotions and offers with geo-targeting. (as Zillow)
Virtual Card
One Card in All Places (NFC/QR/Phone Number)
Plug-ins
For platforms such as WordPress и Drupal in order to add Point-X functionality to websites and applications.
Shared Payments
Pay with your friends with no additional fees.
E-Commerce Platform
Use CNX / PNX and Point-X platform as a rewards system to award bonuses to your customers on E-Commerce platforms and marketplaces (API and SDK)
Exchange Platform
Exchange points between loyalty programs
Manager companies
For self-run companies to SMB, FMCG and Brands
Microtransactions
The ability to utilize micro-transactions that is not currently supported by modern payment systems due to large commissions.
Point-X card
Use Point-X card for easy identification and engagement at any of the places you shop.
Etc.

Underlying Technology

The basis of the platform is taken blockchain Stellar (https://www.stellar.org). Token CNX.

Smart contacts are made on own development as well as Mobius Ecosystem.

As a universal token PNX is used Protocol Ethereum EIP20.

The Ethereum blockchain is currently the industry standard for issuing custom digital assets and smart contracts. One of the main reasons is to use the existing Ethereum’s infrastructure instead of building an entirely new blockchain. The latest and most popular EIP20 token interface is the best choice compatible with the existing infrastructure of Ethereum ecosystem, development tools, wallets, and exchanges. Also EIP20allows for seamless interaction with other smart contracts and decentralized applications on the Ethereum blockchain.

PoPP (Proof-of-Processed-Payments) – are used as a means of user identification and transfer of the currencies within our network.

Absolutely any action on the platform is fixed in the public blockchain.

Research: Ripple (https://ripple.com); Framework Plasma (http://www.plasma.io); NEM technology (https://nem.io); Kadena (http://kadena.io/); Ethereum Enterprise; 

Tokens

Within the framework of the platform we make 2 tokens. First, – CNX – will be used for particular loyalty programs’ transactions.
The token is born at the moment of creation of the loyalty program by the partner (business) and burns down at the time of its exchange for goods and services by the consumer within the platform.

The second-gas, which is needed for operations with the first token, and buying platform services – PNX. Payment of Commission fees.
Tokens are issued in a limited number and burn up as they are used.

The platform is designed to enable companies to create their loyalty programs on it on the basis of smart contracts with their terms and with their money-we create such a specialized loyalty program blockchain.

We do not create programs – we only support and develop a platform for their creation.

CNX – a token of transaction (utility token), a token at with a cost of
0.01 EURO/USD

As an equivalent token to accumulate the interexchanges within a reward system, based on €/$.

  • The token is tied to the value of €/$;
  • Upon receiving the discount, it shall be stored on user’s account in the exact equivalent to the €/$ for simplicity of valuation of the rewards accumulated. The CNX  is backed by the €/$ amount stored in the system;
  • The transactions are governed by the Point-X rewards system;
  • Security is provided by repeated audits and support of the transactions plus blockchain anchoring;
  • Fast speed transactions;

PNX – a utility token
Fixed release according to the Token Sale schedule.

  • Transfer – cost of the transactions based on the % of the EUP;
  • Comprehensive audits;
  • Free exchange trading;
  • Specific rules and restrictions will apply for advanced conversion of the tokens outside of Point-X system (no commissions, additional bonuses, etc);

Using Tokens

The owner of the token PNX:

depending on the quantity, gold/platinum/black)

Customers Partners
  • Gets an opportunity to take part in voting for new functions of the platform
  • Gets access to the showcase of goods and services from key partners with special conditions
  • Gets the ability to create C2C loyalty programs
  • Gets the opportunity to cash-* in tokens and CNX PNX-**
  • It receives a token from CNX Partners
  • CNX token spends on goods and services within the platform
  • Receives additional rewards in the PNX token
  • Gets a single ID after passing KYC-***
  • Gets the ability to create C2C loyalty programs
  • Pays for the services of the platform token PNX
  • Calculates the token CNX customers within the loyalty program
  • Debits CNX token to pay for goods and services

* – this option will appear after registration of the token on the exchange and issuance of their own plastic cards
** – there are restrictions in accordance with the legislation / KYC / withdrawal amount, etc.)
*** – KYC is tied to geography and may need to go through several different for different countries

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Whitepaper