An update from the qiibee Team on the Seed Round. As some of you may know, the purpose of the USD 5mil seed funding is two fold:

1) to give us the ammo we need to launch the platform, Devkit and real pilot applications before running the crowd sale
2) provide the team with the runway for the next 12 months for R&D, business development, marketing, and operations

When we first calculated all these costs, ETH was $400, resulting in a ETH 12,500 goal. Since then, ETH has skyrocketed in value, meaning our ETH target far outweighs our funding needs. From day one, qiibee has stressed the importance of community, fair business practice and transparency. As such, we feel it is only right that we adjust our ETH assumptions to USD 1,000/ETH. This means we will be selling a maximum of 100mil QBX tokens (5,000 ETH) in the seed round. Despite the recent downtrend, we are confident that ETH will increase again, and that this new structure enables our contributors to benefit from a lower cap while letting qiibee optimize the fund raise.

qiibee will approach the crowd sale with a similar set of principles. In the days leading up to the actual sale, we will adjust the target cap based on the prevailing ETH price. We do not want to raise more than what’s needed for a successful future of the qiibee ecosystem. Finally, we want to reiterate that 51% of all QBX ever minted will be sold during the seed round and crowd sale.

We are currently in the final stage of signing major retailers to start integrating their loyalty programs on our platform. Furthermore we are focusing on finalizing the due diligence process of the 50% pre commitments which will be paid in FIAT, and processing over 100 contribution requests.

Visit https://tokensale.qiibee.com/sale to see all the newest information and/or start your registration process!

Let’s disrupt the loyalty market together! Join us on our journey! 

Twitter: https://twitter.com/qiibee
Facebook: https://www.facebook.com/qiibee/
Google+: https://plus.google.com/b/116079759426800260168/116079759426800260168
LinkedIn: https://www.linkedin.com/company/3668594/
Instagram: https://www.instagram.com/qiibee/

We started our seed round on Tuesday 19th December at 7.00pm CET and it will last until the end of January. In this round we will issue 250’000 QBX at the price of 0.00005 ETH/QBX. Compared to the crowd sale, the price in the seed round will have a 50% discount. Our goal with this round is to focus on strategic investors, loyalty program owners, developers and users.

To demonstrate the seriousness of our efforts and reduce the risks for contributors, we decided to split the token sale process into two independent sales. The seed round will allow us to expand the team, launch an MVP for the platform and DevKit, and start our first pilot application before launching the crowd sale in Q2 2018.

The seed round will end on the 29th of January 2018, at 6.59pm CET. And since Christmas is right around the corner, we want to spread some Christmas-Love! So all the contributions until the 29th of December (11.59pm CET) will receive 10% Bonus Tokens!

Main Information
Total Amount QBX: 250’000’000
Unit Price per QBX: 0.00005 ETH
Total Amount raised in Seed Round: 12’500 ETH
Percentage of Total QBX: ≈ 12%
Discount in Seed Round: 50% compared to crowd sale
QBX Locked: until end of crowd sale
 
Minimum contribution: 5 ETH
Maximum contribution: 2’500 ETH
Toke Sale Landing Page: https://tokensale.qiibee.com/sale
 
Furthermore, to ensure long-term success we are implementing a fully-compliant KYC / AML process based on the latest legal best practices in Switzerland.
Moreover, we are the first blockchain startup receiving the registration by the Financial Services Standards Association (VQF). Recognized by the Swiss Federal Financial Market Supervisory Authority (FINMA) the VQF is a self-regulatory organization (SRO) that provides supervisory, inspection, audit, training, and advisory services to its members. 

Why qiibee:
qiibee is creating a decentralized, blockchain-based loyalty ecosystem by providing a platform and developer interface on which every loyalty application can be tokenized. By doing this, we are able to connect a fragmented market, increase its efficiencies as well as cut out the central data authorities. In disrupting the $300bn loyalty market, we are driving the adoption of cryptocurrencies by opening up the crypto community to millions of mainstream users. Our mission is to become the go-to community for the discipline created by combining loyalty and crypto technology: crypto loyalty.

Take a look at what we do and who we are: https://tokensale.qiibee.com/
 
In case you have any questions, join our Telegram chat: https://t.me/qiibee
Or send us an email at: support@qiibee.com
 
Looking forward to an awesome seed round!

Thanks UFO2018 

Hello 2bfree : )

Thank you for your question!

To sum up, the status quo of the loyalty market faces three inherent problems:
1.  highly fragmented market (due to a huge amount of not compatible loyalty programs companies need huge budgets to attract new customers and keep the existing customer base active)
2.  operational inefficiencies (liability of unredeemed points increases rapidly and low customer activity)
3.  data centralization (customer data are under the risk of attacks and manipulations)
Whilst users have a hard time keeping track of their different loyalty points or to catch up with each individual loyalty program offer.

Introducing a loyalty platform on top of a Blockchain can tackle these problems altogether. Decentralized data storage gets rid of the security concerns and possible exploits of the users transaction data. Tokens instead of points stop the increased uncertainty and costs of liabilities and rewards customers with a real value. Combine these advantages in one platform and thereby enabling the exchange of loyalty tokens between different loyalty programs and you get engaged customers on top of it.

And this is exactly what qiibee provides: a loyalty platform and a DevKit enabling an easy and cost-effective integration of new and already existing loyalty applications. Combined with the qiibee Wallet where every loyalty token can be stored, exchanged and even cashed out, an ecosystem with immense network effects arises.

If you want to have the whole overview of what we have done and what we are doing you find our whitepaper here:
https://tokensale.qiibee.com/src/docs/qiibee-Business-White-Paper-v1.3.pdf

Let us know if you need anything else.

Hello Bitcointalk Community
 
This is Jacqueline, qiibee’s Community & Content Manager and I’ll be using this account for general announcements about qiibee – a decentralized, blockchain-based loyalty ecosystem.
 
At qiibee, we will provide a loyalty platform and developer interface on which every loyalty application can be easily decentralized and tokenized. With the addition of our wallet, users will be able to store all loyalty tokens earned in the ecosystem, in one place. Besides that, they will be able to exchange these tokens with each other and thus maximize their freedom of choice. This, in turn will incentivize them to be more active on each account and redeem more rewards.
 
The opportunities resulting for loyalty program owners from building their applications with our tools include: cost savings, complete removal of the liability connected with unredeemed points, and increased data security, as our platform is based on the Ethereum blockchain. By using the blockchain, we provide an ideal framework for addressing the weak points of today’s loyalty market and making it virtually immune to modification and theft.
 
Our vision is to connect a highly fragmented market, increase its efficiencies as well as cut out the central data authority, whilst our mission is to become the go-to community for the discipline created by combining loyalty and crypto technology: crypto loyalty.
 
For more information about qiibee please visit our website: https://tokensale.qiibee.com/#/ and download our white paper: https://tokensale.qiibee.com/src/docs/qiibee-Business-White-Paper-v1.3.pdf
 
If you have any general questions, I’ll be pleased to answer them.
For technical questions, our CTO, Pascal and our Lead Architect, Federico will respond.
Whilst token sale related questions will be answered by our CEO, Gabriele.

Looking forward to your questions, inputs and feedbacks.
 
A further possibility to ask us questions is our Telegram channel: https://t.me/qiibee
 
And to not miss any news, find us on the following social media channels:
 
Twitter: https://twitter.com/qiibee
Facebook: https://www.facebook.com/qiibee/
Google+: https://plus.google.com/b/116079759426800260168/116079759426800260168
LinkedIn: https://www.linkedin.com/company/3668594/
Instagram: https://www.instagram.com/qiibee/