Bitcoin is what kick-started the influx of popularity in regards to cryptocurrencies and now we are constantly surrounded by them, and it seems there’s no escape from the endless and repetitive nature of new digital currencies being released on a daily basis. Most of the time these cryptocurrencies all appear to be the same as each other, the only difference is the name, and they have no real value at all. Then, out of nowhere, comes a time when a cryptocurrency of note gets released and people actually do pay attention to it…
I’m talking about AffiliateCoin.
Like many other cryptocurrencies out there, Affiliate Coin is decentralized, and is an affiliate network that has the power to utilize smart contracts in all of their might, in order to create secure, indisputable transactions on it’s blockchain. Having conducted a sufficient level of research pertaining to affiliate marketing, they have come to the conclusion that the global expenditure of affiliate marketing is in excess of $10 billion, the US actually accounts for more than $5 billion alone.
When we analyze the fact that digital affiliate marketing has only been around for the past 20 years or so, it has been unbelievably successful for thousands of companies/websites in such a relatively short amount of time. However, it has also developed some underlying flaws that have given this industry a bad name; such as fraud, industry distrust, high transaction fees, and often delayed payments.
Despite the somewhat negative connotation that affiliate marketing has developed in some areas, it is used by more than 80% of brands online and it is one of the most profitable forms of online advertising, with some returns totaling $25 for every $1 spent, or more in some cases. By implementing smart contracts and incorporating the use of blockchain technology AffiliateCoin are hoping to overcome a number of issues and make affiliate marketing a more trusting platform. By storing offers, promotions, interactions and relationships on the public ledger of the blockchain, when targeted actions are verified, such as a sale being recorded the smart contract is initialized and the publisher will receive their reward, and in this case it is AffiliateCoin.
By holding an AffiliateCoin ICO, the company behind this cryptocurrency are hoping to raise enough capital to be able to make necessary and important changes, in order to transform the way affiliate marketing is carried out. This is why they have incorporated the use of blockchain technology to eliminate the possibility of fraud, because as we know it was one of the leading issue that many affiliate marketers face in the world today. As well as eliminating fraud they hope to increase the level of trust in the affiliate marketing space with the use of blockchain technology and smart contracts. Once a successful task is completed it will trigger an execution of the smart contract and releases funds to the publisher within the need for any intermediary.
AffiliateCoin will have no signup fee and no monthly subscription as the team behind Affiliate Coin feel like this will lower the barrier to entry and open the doors to allow countless merchants and publishers to use the power of affiliate marketing.
Token Type: ERC20
Payment Method: ETH
Minimum Investment: 1 ETH
Token Sale: 06/04/2018 to ???
There is no doubt in my mind that the AffiliateCoin ICO will be a success because the goals and aims, armed with blockchain technology and smart contracts are a brilliant way for merchants, publishers and crypto fans to interact with other in a trusted marketplace, with trust technology. By June 2019, Affiliate Coin will begin the launch of its fully functioning affiliate network with all the capabilities and technology that will enable it to become one of the world’s leading affiliate networks.