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Whitepaper

BOTZ TOKEN: The Crypto Token for Reward System Designed To for Help Super Heros If All Types And Reward  With Tokens Those Seeking To Help Them Plus So Much More.

White Paper*: Version 2.1

Created By: Botz Token U.S.

Powered By: Ethereum

 

 

Table of Contents

 

1. Abstract

2

2. Summary

2

3.

Multiple Channels to increase the Utilization of the Botz Token Platform

6

4.

Market Overview

7

5.

Market opportunity

8

6. The BOTZ TOKEN : Main Theme of Tokenization of Businesses

10

7. The BOTZ TOKEN : System for the Corporate Business Blockchain Adaption

12

 

7.1. Botz Closed Loop Payments

12

 

7.2.

Marketplace for Corporate/Business Sharing

12

 

7.3. Botz Token – Closed Payment Solutions

13

 

7.4.

Open API Platform

14

 

7.5.

Banking System Integration

14

 

7.6. Botz Token Mobile Wallet- ETH Wallet

14

 

7.7 Cryptocurrency Exchanges Integration with BOTZ TOKEN System

14

 

7.8.

Ethereum Blockchain – Proof of Delivery & Service

15

 

7.9.

Peer-to-Peer Transfer within Corporate Blockchain Systems

15

 

7.10. BOTZ TOKEN Reward System

15

8.

Closure statement

16

 

 

1. ABSTRACT

This paper describes a revolutionary combination of the Ethereum Blockchain technology and system to provide corporate businesses tokenization for their customers. The BOTZ TOKEN system is unique in the terms of providing the total solutions for the corporate business owner to offer smart contracts and tokens for rewarding their customers, for the utilization of the peer to peer tokens for purchasing products and services from the company and the ability to monitor the increase in value of the company tokens. The program gives the consumer the exposure to cryptocurrencies and makes them readily accessible to them. The system is designed for simple and easy usability of the crypto wallets, the purchase of the tokens, the purchase of crypto coins, and the ability to transfer to family and friends. The customer will also have the ability to use the wallets with ease and secure storing of their tokens with the ETH wallets in tandem with a closed loop debit card system.

The main goal of the BOTZ TOKEN is to build the Token System for the corporate businesses in order to increase the early adoption of the customers to the Blockchain across the world as well. The BOTZ TOKEN System gives the corporate businesses the way to reward their customers and vendors in the crypto world. This gives any company the ability to increase their mobile customers and expand their services with a real value with the token market and expand their market globally with the reward of peer to peer transferring of the tokens for sharing on the token platform.

The whitepaper focuses on the Blockchain cutting-edge technologies that support the corporate token system including Botz Token Payments with the closed loop system, Open API Platform, Botz Token peer to peer transfers, token rewards for customers and employees, Peer-to-Peer Transfer, Botz Token Mobile Wallet-ETH wallet, and Cryptocurrency Exchanges Integration with the Blockchain technological advances.

 

2. SUMMARY

Today’s e-commerce and mobile industry is growing at a tremendous pace and global retail sales are expected to reach $4.5 trillion by 2021. Cryptocurrency for most businesses  is becoming a preferred way to transact payments and the current cap is expected to rise in the billions and even trillions. According to research, the move to the blockchain and the adoption of the technology is now expecting most banking and financial institutions in all industries with a dramatic increase in the next few years. 

The BOTZ TOKEN system is unique to the platform that is being emulated for the Botz Token Club Membership that has one main focus and that is of: embracing the causes and needs of the Veterans, Seniors, and those in need globally. The tokens are being utilized as a form of rewards and exchange for services of businesses that are also connecting to the membership in order to assist the unmet needs of the veterans, seniors and more.

By Introducing the BOTZ TOKEN, the system to the Corporate Businesses as the way to get on the Blockchain and utilize smart contracts which is powered by the Ethereum Blockchain, the early adoption increases with the masses instead of just the technical experts.  Our goal is to be the simple and easy system to provide to the corporate businesses. The owners do not have the time or the money to learn and pay for the ever increasing Blockchain technology and the advances of the crypto payments. We are in the business of making simple and affordable Blockchain Smart Contracts and Tokens for the small to large corporations.

The Botz Token platform addresses the need for what will be called the most profound changes in how businesses need to take payments and reward their customers in the crypto currency world. The whole world is changing regarding finance and regulations with the advent of the bitcoin and altcoins. The business owner will not be able to just ignore the Blockchain and the crypto payments and they will have to become part of the new digital forms of payments at some point. They will not be able to refuse to have a system and when they do decide to have some type of system, they will find the prices will be also dramatic. Better for the business to adapt the Blockchain and crypto payments now while the pricing and the technology is less demanding of the technical skills. The systems will be more affordable in this time rather then waiting until they are practically forced to adapt.  

First, there are many reasons as to why the tokens will be an added value to retailers who have restrictions and sometimes no value added to the customers with the rewards that they offer. As a whole, the rewards and value system are antiquated and have not kept up with the mobile technology let alone embraced the crypto currency and Blockchain technology. The token rewards included in the system allows service providers to become an BOTZ TOKEN distributor, allowing them to control the format of their reward and incentive programs. The BOTZ TOKEN acts as more than a simple reward or coupon; when it is used on the reward token it is redeemable across the corporate system created for all participants. Additionally, owners of the BOTZ TOKEN system have access to all the stats and data that is provided by accessing their admin back office to see all of the occurrences with the selling, giving, sharing, and the payments plus receivables associated with their customers and the corporate wallets.

Secondly, there is the complexity of the difficulties and challenges to the entry into the cryptocurrency market which limits the potential value of the crypto and the Blockchain as a whole. The technologies surrounding BOTZ TOKEN are strategically built for the platform to support ease and affordability that ensures the the maximum of adaption to the new systems and reaching the customers readily. As there are no real standards for the Blockchain technology and the cryptocurrencies per se, these new system built upon the Ethereum will provide the way to allow some standards to be placed as the systems prove reliable and received by the businesses and the customers. The BOTZ TOKEN will also allow regular customers to have an impact in the rapidly expanding crypto world which will benefit all parties concerned. There is so much complexity in the crypto world and it is getting more so by the day especially with the introduction of the Blockchain and multiple wallets with multiple choices. The key is to provide ease of use for the business owner and the customer. While the needs of the corporate business and their customer are met with BOTZ TOKEN’s technological systems are discussed in detail in the paper.

 

Challenges related to Blockchain - Crypto:

 

 

 

 

 

 

Approach for solutions:

 

 

 

 

 

 

 

 

Objectives:

 

 

 

 

 

2.1. Market State

 

E-Commerce and commercial reward programs are experiencing outstanding growth - the global sales via e-commerce in 2014 was 1.3 trillion dollars - expected to double in 2020, and the number of online shoppers is also expected to increase from 1.46 billion to 2 billion by 2020. As a result, e-commerce platforms and existing reward programs are way to many – most stores offer their own exclusive points system for rewards. Additionally, customer acquisition is difficult since the businesses have difficulty standing out in the crowd of rewards.

. E-Commerce also severely lags behind other industries in cryptocurrency adoption.

Similarly, the cryptocurrency market is growing rapidly.

This growth is impeded by fundamental issues:

 

 

 

 

 

 

 

2.2. The BOTZ TOKEN  Solution

 

 

The Botz Token Platform offers a practical solution to the problems outlined above as well as the potential to become the practical heart of e-commerce and cryptocurrency combined. It strives to reward shopping with cryptocurrency by exposing the common person to the BOTZ TOKEN . The key focus of BOTZ TOKEN is giving effortless access to cryptocurrency ownership which comes with potential rise in value - without dealing with any of the underlying complexities which make cryptocurrency unattractive.

The Unified Reward System seeks to transform the poorly utilised loyalty industry by fusing the shopping reward potential of all retails together regardless of the product - focusing on rewarding the individual with cryptocurrency market access as well as a form of investment. With our technical offering, we seek to support individual sellers as well as enterprise vendors. The BOTZ TOKEN  can be adopted in any location - this global decentralised potential represents virtually limitless growth of the token. This adoption will be seamless as we seek to penetrate e-commerce platforms as well as regular retail shops, without introducing any habitual change from the user perspective.

Botz Token Touch & Pay Card is our single card solution for all reward programmes a shopper may be interested in - the first of its kind in the UK. It allows customers to earn BOTZ TOKEN s with their daily purchases as well as pay using accumulated BOTZ TOKEN s. This ensures that an average customer can easily adopt the use of the card due to its similarity with existing technologies - but now empowered with BOTZ TOKEN s which hold intrinsic value and never expire. This offering allows the BOTZ TOKEN  to have a practical daily use which cryptocurrency has been struggling to fulfill as token value was previously disconnected from its contextual use until now.

The value in BOTZ TOKEN s is accessed by the Banking System Integration as it offers both the buy & sell BOTZ TOKEN s instantly between a customer’s BOTZ TOKEN wallet and their bank account. The liquidity of BOTZ TOKEN s will undoubtedly attract customers to join BOTZ TOKEN rewarding vendors, which combined with other BOTZ TOKEN offerings will aggressively expand the opportunities for rewarding buyers, customer acquisition for vendors, and an unprecedented increase in crypto-market participation.

The Botz Token Mobile Wallet provides a seamless user experience - it acts as a gateway to BOTZ TOKEN activities such as the sale and purchase of BOTZ TOKEN s with user-configured bank accounts. The mobile wallet will also act as a Cryptocurrency Exchange where users can instantly exchange their BOTZ TOKEN s into other cryptocurrencies (initially Ethereum and Bitcoin) - further simplifying cryptocurrency for regular people. For vendors, we offer an Open API platform which allow complete customization of the kind of BOTZ TOKEN platform you choose to run - giving arbitrary control over your re-distribution of BOTZ TOKEN s without the need for specialized blockchain developers. We offer sophisticated yet simple to use tools to both the businesses and consumers ensuring global adoption of the BOTZ TOKEN. We are helping the businesses getting on the blockchain and adding tokens to their business for their customers as rewards, tokenizing rewards, and increasing revenues with their tokens.

Since there are only a certain amount of Botz Tokens that can ever exist, scarcity combined with a thriving underlying decentralized systems will result in appreciation of Botz Token value.

Ultimately, the BOTZ TOKEN functions on a revolutionary platform. It utilizes the use of the Ethereum blockchain, ensuring development is secure and efficient as well as arbitrarily customizable for sellers using Botz Token System. By doing the token systems, this presents an enormous opportunity for corporate businesses to stay ahead of the technological curve. As early adopters of Botz Token Systems we will be pioneers in getting real shopping rewards and tokenizing the cryptocurrency ownership. Our initial focus is to customize and expedite the Botz Token System adoption rate to create a market driven by our token.

Corporate retailers using Botz Token System will be able to offer reliable rewards system which completely removes the complexity of owning cryptocurrency and removes any reluctance a customer would have to enter the crypto world. This encourages the business owners and their customers to participate in Botz Token to allow purchases as they are given the ability to liquidate their tokens via purchase or fiat conversion, use them to convert to other cryptocurrencies. As the Botz Token platform grows, the value of the token will be appreciated with the amount of users - this notably carries enormous potential as the platform allows any businesses of goods and services to utilize the Botz Token platform. The platform and its components

 

 

3. Multiple Channels to INCREASE THE UTILIZATION of the
    BOTZ TOKEN PLATFORM

The Botz Token platform aiming to target multiple channels to increase the adoption of the blockchain technology. There are two main objectives to working with the system platform:

 

 

 

Corporate Business Token Platforms: The goal of the BOTZ TOKEN  to be a solution for small to large corporation and to be a part of everyone’s day to day shopping without needing them to change how they shop. This can be achieved with education, system tools, and easy integrations.

Closed Loop Payment: The Botz Token platform will be a bridge between merchants, consumers, cryptocurrency exchanges, and the Ethereum smart contract that manages the liquidity of the BOTZ TOKEN and thereby utilizing the closed loop payment system with the token systems .

Our marketing strategy to reach corporate business owners and their customers and vendors.

 

 

 

 

One of the main issues that is difficult is how to build trust especially online shopping. Then comes the digital currencies and now the ways to transfer that trust from the old ways of doing buying to the new ways of using Bitcoin and other altcoins. The businesses not only have to learn about the new sophisticated and fragmented technological advances but they also have to now help their customers navigate the waters. Unfortunately, the businesses traditionally have lagged behind in embracing new technology and find it to be sometimes daunting and expensive to transition to new ways. The businesses first have to understand that they will be left behind if they are not willing to embrace the ways of the mobile shopping and now with the alternative ways to pay.

 

 

4. Market Overview

 

 

4.1. One of the main issues is that the online commerce platforms

lack in offering rewards systems and are not up to speed with the Bitcoin – Crypto payments. The lack of having true reward programs that are actually value added and the payment systems that are easy to use and affordable becomes some of the obstacles.

This is and will become a real big problem and also a market opportunity for those who have embraced the tokens platforms that address the rewards and the payments at the same time. So, we are addressing both of the problems in the token systems that we are developing and instituting for the global business world.

However, with the introduction of our token rewards platform and the digital payment solutions, we can enhance the consumer experience and introduce a consumer-driven market, encouraging customers to migrate away from the outdated payment systems and services. In doing this, we are able to give the businesses the competitive edge over the businesses that have not yet adopted the new ways of doing mobile digital business.

 

 

4.2. Reputation and Trust Issues

The main issues that surface repeatedly are that the businesses have traditionally been slow to move on the advances of mobile and online technology. To this day, the statistics show that there still is a significant percentage of small sized businesses and mid sized that still do not have a website presence.

 

 

 

 

 

4.3. Long and Expensive Payment Processes For Merchants

 

 

Part of the reason for the businesses lack of adapting to the online presence and the payment processing is due to the long and expensive process. Then coupled with the different fees of the gateways, the arduous process of getting the process working and needing a tech person to monitor and pay for the maintenance. Then there is the expense of the transaction fees, the hold backs, the charge backs, and all the issues that come with the mobile or online shoppers. Now we understand the problems of the business: lack of time because they are trying to run their businesses, lack of knowledge and need to have trust in tech people, and the expense and time it takes to integrate and maintain the process.

That is where the Token System and the Bitcoin – Crypto payment system had the absolute advantage over the traditional ways of doing online and mobile ecommerce. Here is a list of benefits for the business: no holdbacks, no huge processing fees, no chargebacks, no waiting for 30 days to have money in their account, and yes no techs to hire or use for maintenance of the payments.

 

 

4.4. Failure to Adapt the Growth of Cryptocurrency Tokens

 

 

Today, the majority of the merchants are not accepting payments made with crypto-tokens and or crypto coins. On a search of the businesses accepting Bitcoin – Crypto payments, the number is very low: in several searches in the United States: a show of hands revealed articles that had headers: 100 companies accepting Bitcoin, 53 companies accepting crypto, and several others. Now that number is becoming larger and with our primary focus of making Simple and Affordable Token – Crypto Payment systems, that number will grow significantly. The increase of a new wave of digital assets enhances the manufacturing of a token based digital asset economy. The researchers have estimated that about 10% of the world’s GDP will be created on the blockchain by 2025, leaving businesses with no choice but to be part of the growing crypto - blockchain economy.

 

 

5. MARKET OPPORTUNITY

 

 

Studies show that the global loyalty and reward industry was estimated to be about $1.56 billion in 2015 and risen to about $320 billion in 2017. Given this remarkable growth of the global loyalty programs, growing at an annual rate of 6% and compound annual growth rate (CAGR) of 24.37%, this estimation is projected to hit $471 billion in 2020. Unfortunately, the lack of real models of loyalty programs that are of real benefit causes this report to be inaccurate. The reports also show that over 76% of the customers do not use their shopping rewards and less then 29% even bother with any type of loyalty program. That is why if done correctly the token crypto rewards will far surpass the old ways of doing rewards. It is like having the outdated green stamps of years back before there was any thought of having digital anything.

Markets And Markets survey revealed that loyalty rewards customers who failed to redeem their rewards were 2.7 times more likely leave a particular program and join another. BOTZ TOKEN  is taking the token rewards system to a new level and has the ability to revolutionize the rewards industry. The tokens are designed to enable seamless integration and utilization with the businesses stores and the customer purchases. The businesses have the ability to enjoy the benefits of the easy and affordable solutions provided for their entry way to the blockchain and the closed loop payments systems. Keep in mind, the mobile buyers is significantly increasing every day and they are looking for the latest and easiest ways to purchase products with savings and that is real savings not empty rewards. The tokens and closed loop payment system puts the business owner in a unique position with the sale and purchase and exchange of the tokens while cutting costs and expanding their customer base. The studies have proved that customers refer their friends to the businesses that they experience positive and rewarding benefits. The businesses are in all need of more customers whether it be in the food, clothing, specialities, housing, automobile, health, and the unending lists of types of verticals.

Apart from the market opportunities created by the Blockchain, we are also aware that there are enough possibilities for growth in the token loyalty programs and retail industries, which form the major components of BOTZ TOKEN.

We are taking businesses and retail rewards industries to the next level. With BOTZ TOKEN, we are offering a real unique and new technical implementation of data protocol, smart contracts, and blockchain in the loyalty program sector specifically for the business world. We strive to bring the businesses and their customers the latest and best blockchain and token technology for their products and services with giving them easy and affordable ways to participate.

The BOTZ TOKEN is creating a blockchain token and closed payment system global, decentralized and reputable payment for e-commerce ecosystem that work flawlessly with existing platforms supported by Ethereum smart contracts.

 

 

5.1. Business token platforms taking to market powered by the Ethereum Blockchain

 

 

Our goal is to create a business token platforms to drive customers to the marketplace. We are leading the pack and changing the way rewards and digital payments are done in traditional businesses. The businesses will have the ability to give their customers real toke rewards and ways to purchase products and services with ease and affordable solutions. The advantages of being on the Ethereum blockchain gives the business and the customer the benefits of the transparency and real statistics available on the blockchain. The benefits of having real reward tokens and the ability to have them become real value propositions for the customer and helping the businesses attract new customers and retain them at the same time for longevity

 

 

5.2. Solution Provided by the Closed Loop Payment

 

 

By using the blockchain technology, we are able to use the digital closed loop payment system and adding the tokens for rewards and payments with a small set up fee for the businesses and keep their complexity with simplicity so that they do not need to have techs to support and run the systems. After the integration of BOTZ TOKEN system and the closed loop payments, the businesses then have to accept crypto payments in the BOTZ TOKEN’s, reward system features, and be able to exchange fiat currency from the BOTZ TOKEN.

 

 

5.3. Enable Businesses to Engage in the Blockchain Token Economy

 

 

By utilizing the system we are able to allow our businesses to take a part in the ever changing digital currency world and provide a trusted system that is transparent on the blockchain. This also includes the utilization of the tokens for the value rewards and the buy and selling of the tokens to increase the businesses profitability. According to analysts for 2025 is said to be about $100T meaning that the value to be produced through the blockchain technology is going to be about $10T (10%).

 

 

5.4. Value proposition

 

 

The BOTZ TOKEN will become an important component of the online and offline commerce industry. We have planned the model based on the integration of real rewards with utilizing the tokens and the closed loop payments with the blockchain technology. The token system platform allows businesses to reward their customers with BOTZ TOKENS for their purchases and services. The management responsible for the decentralization of rewards on blockchain makes the BOTZ TOKEN system unique and provides a value to everyone of our businesses and their members:

 

Business Tokens Value appreciation due to scarcity and increased adoption, a win for the business.

 

 

Since the BOTZ TOKEN  is a token based crypto closed loop payment system, the solutions and products are easily scalable with no restrictions or limitations to the database.

 

 

 

 

6. THE BOTZ TOKEN : Main Theme of Tokenization of Businesses

 

 

One of the main goals of the Botz Token Platform is to provide a unique token rewards system that provides real value and gives their marketing solutions a real shot in the arm. The business has the ability to gain massive momentum with increasing the customer base and building relationships with them thereby increasing loyalty and the ability to have referrals from satisfied customers. These both give the business the ability to increase growth with increased profits and the unique way to stay in front of their competition.

The system accepts both crypto and monetary payments for the tokens, products, and services of the business that was not available only until recently due to new technological advances. The business has the ability to give their customers the choice of paying for goods and services using Bitcoin – Crypto coins with the BOTZ TOKEN.

Many of the programs in rewards need to be adopting the blockchain and the token rewards models. BOTZ TOKEN  seeks to ensure that businesses are able to give their customers choices about how to utilize their rewards that have real value. This is where BOTZ TOKEN  steps up as a problem solver and a solution provider for the broken loyalty rewards systems that are antiquated and ineffective. With our broad experience and expertise in addressing businesses’ needs for their customers, we are in a position of understanding, developing and implementing a wide-reaching token platform for their reward system.

By creating the token rewards system and the closed loop the commerce system, customers will be more involved with business token rewards programs and can acquire better rewards for their purchases. The BOTZ TOKEN  will be used as a medium of exchange within the rewards system, and customers can earn the token when making purchases at participating businesses. When customers follow up and redeem any of the available token rewards, BOTZ TOKEN  is then restored to merchants.

We will be instituting an online shopping member token purchase for the purpose of utilizing the various reward tokens and the crypto payments. When customers earn BOTZ TOKEN s, they will have the ability to convert the tokens to a usable reward token from their company purchases. Customers can use the tokens earned from one merchant to acquire rewards from other merchants within the system. Thus allowing customers to do business and earn rewards across several industries and token systems within the blockchain without restriction.

The benefits to acquiring BOTZ TOKENS whether as businesses or their customers are participating with the tokens rewards system and the possibilities are unlimited due to the digital age. BOTZ TOKEN and our closed look payment system will facilitate peer-to-peer payment; facilitate seamless mini micro payments between businesses and their customers globally.  Furthermore, we are introducing the BOTZ TOKEN  which our customers would use for micro payments at any type of off line business such as gas stations, coffee shops, restaurants, supermarket, retail outlets and multiple vertical markets. This provides customers the convenience of making payments using BOTZ TOKEN system and the closed loop crypto payments . Therefore, through the influence of the Botz Token cryptocurrency closed loop payment systems, we are establishing standard in payments and rewards utilizing the blockchain technology.

We are creating a unique easy and affordable token reward and closed loop crypto payment system in the marketplace online and offline with all transparency for contracts and transactions on the blockchain. end-to-end ecosystem in the e-commerce marketplace, touch & pay, and unified reward system driven by the BOTZ TOKEN . BOTZ TOKEN  platform leverages on the benefits of blockchain technology to provide a unique and value to all users of our platform including individual businesses  who deploy the platform for marketing and sale of their products and services globally.The customers have access to the product or services of their choice at a better prices with less fees and transactions with reduced time and increased benefits to the business owner due to the Internet and the blockchain technology. The smart contracts become indelible ink as a feature of the Ethereum based token also makes seamless and secure transactions possible.

The BOTZ TOKEN has been programmed to adopt the security guidelines and ease of access of the ERC20. The BOTZ TOKENS  are required for all the transactions on the BOTZ TOKEN  platform and represents the reward tokens for all participating businesses/customers or BOTZ TOKEN  holders

For every transaction made on BOTZ TOKEN platform, whether it is an issuance, transfer, or an exchange, there will be a small transaction fee for using the BOTZ TOKEN smart contracts.

All transactions in the marketplace can be completed with the BOTZ TOKEN , which must be transferred through or held in an ERC20 compatible wallet of which this ensures the reliability and security of the tokens. BOTZ TOKENS are acting as a payment for the trading on the secure platform. And, the tokens can be used for making contract settlements and or paying for services and goods between the customer and the business.

There are always two parties involved in the platform exchange of the tokens with the main purpose of exchanging and trading on a secure transaction.

This is a utility based token that has been specifically designed for the global exchange for products/services and rewards. BOTZ TOKEN will be released into a round of 4 public sales and any funds generated through this sale will be used mainly for improving infrastructure, product research & development, and sales & marketing and continued updates and improvements as the blockchain and token technology emerge.

For all businesses and customers, there is a specific value for every purchase of products or services in the form of Ethereum tokens that can be transferred to other crypto-wallet for purchases. The BOTZ TOKENS have the assigned amount of two billion tokens that can ever exist. Scarcity and the increased need for businesses to need the decentralized system will increase the appreciation of the token value. This is a different slant to regular rewards or the systems that are designed for coupons for products because there is no expiration date on the tokens as there is on most reward programs. The tokens are also on the open market and the retailers will have to purchase on the open market thereby increasing the value of the tokens more.

The tokens that are provisioned are tied to Ether wallets and the closed loop payment system which enables ease and convenient micro payments. Now instead of getting meaningless rewards and loyalty points that go away, the businesses and customers will appreciate the opportunity to gain access to liquid cryptocurrency. Not only can the business buy tokens on the exchange so can the customers who want to take advantage of the increase value of the tokens in the wallets and the cryptocurrency exchanges. These tokens can als be traded for other cryptocurrency and also converted to other types of currency. It is equally important to realize that the token is acceptable to all the participating merchants that utilize the BOTZ TOKEN platform.

 

 

7. THE BOTZ TOKEN : System for the Corporate Business Blockchain Adaption

 

 

The Botz Token system on the Blockchain has been carefully designed from as a supportive sphere in which all businesses and users can trust the transactions and be confident in their trades on the Blockchain. In order to make this possible we have to gain a wide variety of businesses and customers, we have provided the platform that is scalable and effective, yet simple over the Ethereum Blockchain, where businesses and customers can interact without restrictions in a dependable, trustless, and mutually beneficial manner. This type of business seems to have not existed in the traditional commerce models for the last many decades. The peer to peer with total transparency and the business being able to adapt to the new economic structure of the Blockchain seems to be a little out of the box thinking. But, when the Internet started no one really knew what the changes would take place in the decades. The same scenario is occurring with the advent of the next generation of the Internet- the Blockchain.

What we do know, the Blockchain is at its very infancy and who knows how it will mutate in the next 20 years. We do know that it is going to profoundly effect not only businesses globally but also the every day mom and pop who are just wanting to buy a phone or a hamburger or anything. That is why we are doing what we are doing; helping the small to mid sized businesses be in front to the Blockchain technology. Not only being in front of it but excelling with the way to take money for their products and services at a less amount and reduced risks with higher profitability. All because the business owner says yes to being the early adopters and not missing the Blockchain explosive growth.

The BOTZ TOKEN system is unique to the platform that is being emulated for the BitABotz Club Membership that has one main focus and that is of: embracing the causes and needs of the Veterans, Seniors, and those in need globally. The tokens are being utilized as a form of rewards and exchange for services of businesses that are also connecting to the membership in order to assist the unmet needs of the veterans, seniors and more.

 

 

7.1. Botz Token  Closed Loop Payments

 

 

Botz Token payments will be able to accept payments in the merchant wallet closed loop payment system. The businesses will have the ability to take Bitcoin and crypto payments with ease and reliability. They will have a record on the Blockchain of each and every transaction. They will have access to transferring their tokens and accepting payments anywhere with less transaction fees and with the ability to confirm and know that they will not incur charge backs and holdbacks with their processing the payments on the token system. We aim to provide seamless Botz Token pay solutions in Botz Token mobile and crypto wallet, open API platform, and Botz Token marketplace.

On-chain vs Off-chain Transactions: On the Botz Token platform mediation takes place between the credits blockchain to support high-speed transactions and with the crypto exchanges. The off-chain transactions will be held with the smart contract being responsible. This occurs with the use of Ethereum and the back office api connecting with the wallets and the transfer of tokens from the smart contracts.

 

 

7.2. Marketplace for Business/Corporate Sharing

 

 

With the Blockchain technology and the global marketplace, buyers and sellers come together to buy and sell on the open market with the peer to peer enabled product/ services purchases. Since it is a global transparent system, the buyers and sellers have access to the transparency of the transactions and the secure environment. The buyer and seller can buy a single product or execute and build an entire enterprise solution platform for their business given the tokens and the closed loop payments with crypto. Given our distributed ledger system, items for sale are gathered from different parts of the globe on the marketplace. The flexibility offered by our commerce solution in the marketplace gives businesses and their customers the freedom to choose what they want to do on the platform whether to buy or sell or get involved with the tokens on a buy or sell and increasing their value on the marketplace.

We aim to meet the need of every consumer, every merchant and every business no matter their location through our token blockchain system. Our system gives the business the  place for instant access to a global audience, reduces costs and removes costly transaction management and fees.  This ensures that the transactions are secure and frictionless through our Ethereum blockchain based ERC20 tokens and smart contract implementation.

We give the business two ways to interact with the token system: including through providing smart contracts that handle the liquidity of the tokens on the marketplace in the buying directly with the exchanges. The second way is for the system to maintain all the operations and control regarding the purchases and all the sales of the tokens and distributing the rewards as designated in the contracts. We also offer extended support and software development to achieve a crypto based token reward program which we will be offering to businesses using the BOTZ TOKEN platform.

 

 

7.3. Botz Token Closed Loop Payments

 

 

Botz Token’s closed loop payment for Bitcoin and crypto coins has been designed to enable businesses to make Bitcoin -crypto payments at retail shops, coffee shops, malls, entertainment, travel and online shopping. With the release of Botz Token closed loop system, we are expecting to raise adoption of the Botz Token platform.

The developed plan is to implement the payment solution in different phases.

Phase#1 Businesse accept Bitcoin - Crypto Payments using The Botz Token Card api with the selected wallet merchant processor of our choice.

This is a quick solution that has already been tested and has millions of wallets and processing for over 420 types of crypto currencies. This will enable any business that we are working with to accept payment in the BOTZ TOKEN.

 

 

Phase#2 Businesses will be able to accept Closed Loop Payments using the wallet/cards of

 

 

The BOTZ TOKEN  aims to integrate with one of the secure merchant processors that are catering to the crypto industry for the ease the transactions for businesses and customers globally. Customers will be able to use virtual Botz Token secure wallet from their Botz Token system to pay micro-payments at their stores.

 

 

Phase#3 Merchants accepts Botz Token Card Payment using our closed loop debit card.

 

 

Depending on the funds raised; we will be targeting to develop our own hardware to accept payments globally with our debit card that is integrated with the closed loop system. We will be targeting this after BOTZ TOKEN  becomes a global cryptocurrency used by multiple countries. We expect increased adoption of BOTZ TOKEN with the introduction of the Closed Loop Debit Card platform.

We will aim to release another form of authorized paper to detail phase#2 and phase#3 by late term of 2019.

 

 

7.4. Open API Platform

 

 

With BOTZ TOKEN Open API Platform, users do not need to know any form of programming code or language to make use of the system. It is structured to be utilized out of the box.

The BOTZ TOKEN Closed Loop System and wallet continuously connected to Cryptocurrency Exchanges maintains the live exchange rate of the BOTZ TOKEN and other cryptocurrencies.

7.5 Cryptocurrency Exchanges Integration With BOTZ TOKEN SYSTEM

Botz Token platform integration with cryptocurrency exchanges would allow users to exchange BOTZ TOKENS with other cryptocurrencies (like ETH and BTC). Businesses and customers of the platform can also convert from one cryptocurrency to the other and from cryptocurrency to fiat currency.

Global Merchants

The great thing is that it is not necessary to be a participating business or customer of the BOTZ TOKEN platform to make use of the BOTZ TOKEN  or offer the BOTZ TOKEN  as a reward to any of the business or their customers. Our Open API ensures that businesses that are not BOTZ TOKEN platform customers will have access to and participate in different transactions on BOTZ TOKEN platform. This gives the ability for anyone to make payments, exchange and purchase BOTZ TOKEN s using our closed loop system and wallets. Businesses can integrate their retail stores into our system and maintain their apps using our API to offer reward tokens and receive payments. Their customers can also use our wallet to purchase their goods and services using BOTZ TOKEN. Should the service-providers of our API choose to, they can create their unique custom solutions to process transactions with BOTZ TOKENS through our closed loop payment system.

 

7.6. Banking System Integration

The system will also in future be seamless banking system integrated in the Botz Token Platform, Customers will be able to buy BOTZ TOKEN s using linked bank accounts. They will also be able to exchange BOTZ TOKEN s with fiat and send cashback to linked accounts. This is also in a development phase to be discussed in detail in further documentation.

 

7.7. Botz Token -ETH WALLET

The seamless integration of Botz Token Mobile Wallet with Banking and cryptocurrency Exchanges will enable Botz Token Platform users to;

 

 

 

  1. Top-up BOTZ TOKENS with a click of a button

  2. Send and Receive BOTZ TOKENS

  3. Exchange BOTZ TOKENS with any other crypto currencies like ETH and BTC

  4. Exchange BOTZ TOKEN  with fiat currency and get cashback

 

 

7.8. Ethereum Blockchain – Proof of Delivery & Service

 

 

The Botz Token marketplace leverages smart contracts to make the process of exchanging goods with BOTZ TOKEN fast, secure and add trust in the system with the Blockchain technology.  It generates secure escrow for two transacting parties with total transparency and permanent records. By utilizing the token closed loop payment system, it gives the business the assurance of quicker payments and transfer of crypto to their accounts and no charge backs from purchases.

The Blockchain records and keeps funds secure and prevents any transaction participant from having control over the funds until independent delivery services confirms that product is successfully delivered to the buyer using external . If the buyer is satisfied with the quality of product delivered, the payment is transferred to the seller and the share of payment that is owed to the delivery service will also be transferred. The Ethereum blockchain makes transactions between two individual possible without any need for an intermediary. This in turn reduces the cost of management and business transactions overall.

When customers make purchase using the BOTZ TOKEN s, these tokens are stored in the secure escrow until the transaction has been completed from both the parties. Businesses can set their preferences to exchange BOTZ TOKEN with fiat currency during this transaction period to protect against volatility of the market.

 

 

7.9. Peer-to-Peer Transfer within Corporate Blockchain Systems

 

 

The BOTZ TOKEN  platform utilizes the peer to peer approach whereby it gives the businesses and the customers the chance to engage directly with the seller of the goods and services. This becomes what is called free trade and with the smart contracts between two parties globally. The seller and the buyer can be connected globally without any middle men and increase of prices due to all the in between handling of the goods and services. enables peer-to-peer transaction to give users the chance to engage in direct exchange of goods and se