🌟🚀 [ANN] Sandblock – Decentralized consortium of brands & customers 🚀🌟

[bonghip]

I wonder how could sandblock be so beneficial in terms of transaction basis? I mean as we all know bitcoin transactions are getting larger and larger, is there i way that sandblock could be used as a tool to lessen the transaction cost and make transactions faster?

That is a big obstacle for Sandblock. However Bitcoin is a high transaction cost and takes a lot of time, it is not free and transactions aren't fast because there are so many Bitcoin trade.

[zedkiel08]

Sandblock is the best medium of two different parties. customer and business party. I hope this project will be succeeded.

very sure this project will be successful , just continue to support sandblock and when the ICO starts , invest some to earn more profit from it.

[CryptosapienZA]

Another gem of this project lies in the The Loyalty protocol which handles the customer loyalty aspect of the Satisfaction protocol. It gives merchants the capability to easily setup and manage complex programs that reward their customers for their loyalty. The power of smart contract enables all existing types of loyalty programs as well as previously unmanageable ones. The first type of loyalty program implemented will be a cash back scheme. The flexibility of the Loyalty protocol makes it possible to run loyalty programs with a degree of granularity previously only available to the biggest merchants, and for a fraction of the setup and administration resources. The smart contract generated will autonomously manage all aspects of the programs according to its parameters and will be immutable, so as to prevent the policy roll-backs and sunsetting that are common in some industries and harm customer trust in loyalty programs.

[Saoha]

Another gem of this project lies in the The Loyalty protocol which handles the customer loyalty aspect of the Satisfaction protocol. It gives merchants the capability to easily setup and manage complex programs that reward their customers for their loyalty. The power of smart contract enables all existing types of loyalty programs as well as previously unmanageable ones. The first type of loyalty program implemented will be a cash back scheme. The flexibility of the Loyalty protocol makes it possible to run loyalty programs with a degree of granularity previously only available to the biggest merchants, and for a fraction of the setup and administration resources. The smart contract generated will autonomously manage all aspects of the programs according to its parameters and will be immutable, so as to prevent the policy roll-backs and sunsetting that are common in some industries and harm customer trust in loyalty programs.

It looks like you have read this project carefully. According to you, besides the advantages as you say Sandblock has any disadvantages?

[Mysterious01]

I wonder how could sandblock be so beneficial in terms of transaction basis? I mean as we all know bitcoin transactions are getting larger and larger, is there i way that sandblock could be used as a tool to lessen the transaction cost and make transactions faster?

This is what sandblock is made of, this token is created to give us satisfaction especially that other crypto currencies have very high transaction cost.
This token offers low transaction cost which is good.

[sandblock_io]

Hello! An interesting project, I think to take part, and when will the sale of tokens start?

We don't want to announce the dates of ICO at this time. If you would like to participate in the project, consider signing up for the pre-ICO whitelist.

We'll announce the dates of the crowdsale soon. 

[dipok07]

Sandblock very interesting project at this time.this project depends on two different person customers and  business company.

[Phalo]

When is this gonna get rated by ICO bench cos these could really help the project get known get the word spread.

Good question. I couldn't help but giggle a little after seeing your question because what you are asking is exactly what they will be doing to retailers. It really would be interesting to see how they rate.

[sandblock_io]

about the CSAT, how can u maintain it to be fair? as a consumer myself relies on ratings, how can u maintain it to be fair and not bought ratings cos lets get real here some business do buy ratings just to look good and all.

The advantage of using blockchain for this service is that everyone is able to know for which transaction the user has given a rating. It adds transparency to prevent fraud. Furthermore, if a merchant still manages to cheat and the fraud is revealed, there is a good chance that the merchant will be excluded from the coalition.

[CoolWave]

I mean how do you decide what price  should be offered for 1 SAT or any cryptocurrency when it is launched . You could place it for some 1000 usd also the why you placed it for only what you have mentioned above ?

[hadang]

— Sandblock —
The first worldwide loyalty coalition of merchants and customers

|     WEBSITE     |     WHITEPAPER     |     TWITTER     |     FACEBOOK     |     TELEGRAM     |     SLACK     |

Customer satisfaction is one of the key metrics for any business strategy. But right now, the whole relationship between businesses and customers is unbalanced, and it harms both sides. Businesses which provide good products or services often fail because they do not get discovered by enough customers, or because they cannot engage them properly through loyalty programs, while bad business can coast for a long time if they game the system well.

Project Mission

Sandblock's goal is to balance and redefine the relationship between businesses and their customers by building a decentralised protocol to define, measure and improve customer satisfaction in order to benefit both sides.
Sandblock’s protocol implementation aims at motivating widespread crypto payments adoption by building a trustable decentralised system which rewards customers for their engagement and loyalty.
The core protocol behind Sandblock is built on top of the Ethereum blockchain. It uses the blockchain technologies to prevent fraud, malicious actions, and verify transactions to ensure that each actor in the ecosystem gets rewarded as intended.

>> White Paper <<

Token Use and Distribution

Satisfaction Tokens (SATs) will be actively used for rewarding client and offer services to merchants.
They will be created during the crowdsale at a specific Ether (ETH) based rate. The total supply will depend on the total amount invested by contributors and the moment of the contribution.
Once the crowdsale finishes, the maximum supply of Satisfaction Tokens will be fixed and immutable.

Token pre-sale through Whitelist program will run before the token sale:
The minimum purchase is 1 ETH (no minimum purchase during the public ICO).
All pre-sales will receive a 50% bonus.
To apply please register on https://sandblock.io/contribute

Distribution of emitted tokens is as follows:

• 50% Pre-sales & ICO
• 30% Partners incentive
• 12% Team & Advisors
• 8% Bounty campaigns

Application of Raised Funds

The funds raised through the ICO will be applied in the following ways over the course of the next years:

• 50% Development – Research, engineering and testing associated costs of all the components required for the Sandblock ecosystem to perform such as the protocol smart contracts, the mobile, web and desktop applications and the different plugins, widgets and other integrations
• 17% Marketing & Communication – The marketing and communication budget is dedicated to increase the adoption of the Sandblock applications, cryptocurrencies payment adoption, the Sandblock ecosystem awareness and everything that could increase the quality and dimension of the network
• 13% Sales & Partnerships – All the costs associated with the development of the Sandblock partner network, the other strategic partnerships with exchanges platforms, payment providers,  marketing research agencies or other future business association and opportunities
• 8% Legal & Compliance – The Sandblock team is committed to abide to local regulations which - regarding cryptocurrencies - are constantly evolving, the legal and compliance budget covers all the associated costs to be in accord with those regulations such as company local incorporation(s), taxes compliance and audits
• 12% Operating costs – Various incompressible daily costs such as the server hosting costs, subscriptions to divers service providers, recruitment costs, office expenses and other daily operation costs

SIDE NOTE: this is not a self-moderated thread, hence: we accept critics and suggestions, as well as questions and clarifications. But we do not accept fools, FUDs or offensive statements to Sandblock, at least before launch.

How does Sandblock fight fraud and verify transactions?

[Mandy7575]

I mean how do you decide what price  should be offered for 1 SAT or any cryptocurrency when it is launched . You could place it for some 1000 usd also the why you placed it for only what you have mentioned above ?

The team who creates the project knows that there could be some flaws and also many advancements to be made over the time so placing a 1000$ value at the ico wont help them to grow .

[llhibionada]

about the CSAT, how can u maintain it to be fair? as a consumer myself relies on ratings, how can u maintain it to be fair and not bought ratings cos lets get real here some business do buy ratings just to look good and all.

The advantage of using blockchain for this service is that everyone is able to know for which transaction the user has given a rating. It adds transparency to prevent fraud. Furthermore, if a merchant still manages to cheat and the fraud is revealed, there is a good chance that the merchant will be excluded from the coalition.

sweet, so if a customer have been a victim of fraud is there a way to reimburse his/her loss? if so where does it come from?

[sandblock_io]

about the CSAT, how can u maintain it to be fair? as a consumer myself relies on ratings, how can u maintain it to be fair and not bought ratings cos lets get real here some business do buy ratings just to look good and all.

The advantage of using blockchain for this service is that everyone is able to know for which transaction the user has given a rating. It adds transparency to prevent fraud. Furthermore, if a merchant still manages to cheat and the fraud is revealed, there is a good chance that the merchant will be excluded from the coalition.

sweet, so if a customer have been a victim of fraud is there a way to reimburse his/her loss? if so where does it come from?

What we said above was about ratings. A customer cannot be a victim of fraud. Smart contracts are designed to ensure the rules of the protocol and these are immutable.

[sandblock_io]

How does Sandblock fight fraud and verify transactions?

Each merchant must be approved to join the coalition. This already limits the integration of bad merchants. Even so, the protocol will ensure that the client receives his or her rewards if there is a transaction.

[UCHCHILD]

How much now is the exact sale?
This could help for an Update to those who are reallg willing to join im your ICo.

[ScaryMe]

I wonder how could sandblock be so beneficial in terms of transaction basis? I mean as we all know bitcoin transactions are getting larger and larger, is there i way that sandblock could be used as a tool to lessen the transaction cost and make transactions faster?

This why sandblock is here to make things lighter to the users than usual wit bitcoin, that would be great point id they have lower fee than other especially btc.

[sandblock_io]

How much now is the exact sale?
This could help for an Update to those who are reallg willing to join im your ICo.

We cannot disclose the exact amounts for now. However we already sold SATs prior to the ICO which represent enough seed to launch the project but does not represent a large amount of the total ICO.

[mariah.sadio]

How much now is the exact sale?
This could help for an Update to those who are reallg willing to join im your ICo.

We cannot disclose the exact amounts for now. However we already sold SATs prior to the ICO which represent enough seed to launch the project but does not represent a large amount of the total ICO.

But do SATs will have greater value after ICO? So that those who will earn SATs will have more opportunity to have greater value when they exchange SATs to any cryptocurrency.

[GabrielKiara]

Interesting project. So sandblock trying to get customers and sellers to be able to trust each other? And what about the fee when sending it? or network fee, as we know the bigger the transactions that occur progressively fee is increased. Good luck dev!