[IMPACT]
Couponium the Coupon App
In today’s marketplace, there are many marketing options when it comes to marketing your business, All options are full of friction, including expensive overhead distribution costs.
Couponium is the world’s first decentralized Couponing Dex.
This decentralized system allows the business owner to directly create a coupon or offer and post it in the NFT coupon marketplace.
The Consumer can download the couponium app and see the marketplace then purchase the coupon with our native tokens coups within the app via credit card. Once the coupon is purchased coups are attached to the coupon via smart contract and remain with the coupon until redeemed.
Coupon creation options
Hours till activate (prevents parking lot creation)
Option to change a value at slow times
When a coupon is purchased the systems mints and NFT with a fixed amount (the purchase price) of couponium embedded in the NFT coupon via a smart contract.
This NFT coupon will be transferred to the buyers’ wallets.
At the consumer’s leisure, they can choose to redeem their coupon by visiting the store per the terms and conditions of the coupon. When presented to the store they simply scan the QR code with the store app and the coupon NFT will transfer from the consumer’s wallet to the restaurant’s wallet. The system will then burn the NFT and release the Tokens to the restaurant.
At this time the store wallet will show the new token balance. The store can choose to sell the tokens on the couponium open market for Djed ( a stable coin) or they may choose to keep them in the current wallet.
Couponium Market
This is a dex that allows couponium tokens to be exchanged for other tokens.
This decentralized solution cleans out many of the friction points from overhead and profit requirements, typically a coupon company needs to pay hundreds of dollars in commissions and retain a profit per coupon per month, this decentralized system replaces the entire coupon economy with a doa.
We have identified 3 main challenges in developing this platform
Business Adoption- the creation of a sales rep app. Currently, there are many independent sales reps out there struggling with legacy couponing systems. We are creating a version of this application that allows sales reps to signup for business and encourage system usage in turn for a slice of revenue of all coupons sold in the system for the locations of businesses they sign up for.
Consumer Adoption - incentive adoption with staking rewards for holding coupons and staking them in the wallet.
[FEASIBILITY]
Month 1 identify and hire developers. 20-60 hours
Month 2 build wireframes and Tokenomics 120 - 200 hours
month 3-5 build Minimal Viable Product. 480 - 560
Month 6-8 finalize and testing 640 - 800
Month 1 identify and hire developers. 20-60 hours
Month 2 build wireframes and Tokenomics 120 - 200 hours
month 3-5 build Minimal Viable Product. 480 - 560 hour
Month 6-8 finalize and testing 640 - 800 hour
$1260 $1620 x $25 = $40500
Founder
Mike Chandler, serial entrepreneur building multiple companies from scratch to multi-million dollar companies.
Marketing
TBD
Developers
Inhouse 10+ years working with the team.
[AUDITABILITY]
Implementations of milestones for key development markers.
by progress reports with the development team will be available every Monday and Friday.
Success for this project is the adoption of coupon use by both consumers and businesses. All parties are introduced to the Cardano ecosystem by using this app.
new proposal.
SDG Rating
SDG goals:
Goal 8. Promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all
SDG subgoals:
8.2 Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation, including through a focus on high-value-added and labor-intensive sectors
Key Performance Indicator (KPI):
8.2.1 Annual growth rate of real GDP per employed person