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THE9Company is an organization in the Web2 and Web3 space that develops and provides KIOSK payment systems powered by their platform native token called THE 9. Their focus lies in enhancing payment efficiency and convenience through blockchain integration, catering to various business sectors and aiming to ensure stability through collateralization. [1]
Founded in July 2019, THE9Company uses its in-house token, THE9, to incorporate mileage systems and mobile certificates to promote the use of its KIOSK systems and platform. Through their KIOSK platform, they aim to further grow their ecosystem by adapting to the needs of certain individuals/businesses, ultimately increasing adoption. They have also established strategic partnerships with prominent service-related corporations, primarily in South Korea, China, Indonesia, and Vietnam, to integrate their payment systems with these industry leaders. [1][2]
THE9 token represents the core of THE9 Company's blockchain payment ecosystem. This digital token is designed to facilitate seamless transactions and empower various sectors. By incorporating mileage and mobile gift certificates, THE9 token enhances convenience for users and unlocks new revenue opportunities for businesses. It plays a central role in THE9 Company's vision of creating a unified mileage service accessible nationwide, transforming the traditional concept of mileage into a global currency. The token's collateralization mechanism was implemented with the aim of ensuring stability and fostering confidence among users and partners. Additionally, the token is used within the ecosystem to facilitate exchanges between storable values and values at risk of dissipation. [3]
The primary objective of THE9Company's project is to establish a robust mileage token system, facilitating payment support for customers who accumulate mileage and offering marketing assistance for franchisees. This initiative aims to foster the growth of businesses, promote the idea that consumption can be a form of income generation (KIOSK TO EARN, K2E), and build an ecosystem rooted in the principles of the sharing economy and DAO activism.
The THE9 mileage service is a program that rewards customers with THE9 tokens for making payments at merchants equipped with KIOSKs, with the aim of promoting the use of THE9 tokens by directly incentivizing their utilization. Merchants adopt this program as part of their marketing strategy, aiming to retain their existing customer base and attract new ones. Initially, THE9 tokens may be distributed by the reward foundation to activate marketing efforts and raise awareness of the mileage program. Over time, token distribution and reduction may be adjusted in alignment with individual merchant marketing policies. [8]
One key benefit of the mileage program is its ability to cultivate customer loyalty by distinguishing participating merchants from non-participants. Merchants bear the responsibility of ensuring that customers can redeem their mileage up to the total mileage provided by the merchant. Customers can employ their mileage at any participating merchant. However, if a customer's total mileage exceeds what they use at a specific merchant, the excess mileage cannot be utilized there. To mitigate inconvenience for customers and maintain the program's global utility, the Foundation steps in by purchasing the surplus tokens from the merchant and compensating them accordingly. The Foundation may retain these acquired tokens, offer them for sale on exchanges to customers in need of mileage, or employ them for inflation adjustments in a transparent and trustworthy manner. [8]
THE9Company's token structure is designed to facilitate store marketing by enabling the integrated usage of mileage between stores and to develop a mileage token backed by the store, ensuring exchangeability for goods and transferability to other users.
The total supply of THE9 tokens is capped at 10,000,000,000 and they are distributed as follows:
THE9 Company's KIOSK payment system is powered by THE9 token and is designed to cater to various sectors, including small retail stores, hotels, and local markets. It forms an essential part of THE9 Company's mileage ecosystem, allowing businesses to install THE9 Token Integrated Mileage KIOSKs, offer mileage rewards to customers, and participate in the value-sharing system. Their KIOSK is a self-service interactive device where customers are able to select options for payment, ticketing, access to data, and ordering, through their touch screen interface. The KIOSK platform's main goal is to simplify payment processes. [1][3][6]
For small businesses, the KIOSK platform offers a cost-effective operating solution with integrated mileage and pre-sale voucher systems, which can enhance revenue and customer engagement. In hotel settings, it streamlines the distribution of specialty products and tickets, creating additional revenue streams. Furthermore, THE9 Company collaborates with governments and local producers to sell regional products through strategically placed KIOSKs in high-traffic areas and tourist destinations, even offering home delivery for added convenience. [6]
Edited By
Edited On
September 21, 2023
Reason for edit:
added description of KIOSK
We've just announced IQ AI.
Edited By
Edited On
September 21, 2023
Reason for edit:
added description of KIOSK