PlusCoin - A DECENTRALIZED CASHBACK PLATFORM

[yaroslavsaft]

ICO Total raised 4 111 915 (10.11.2017)

DS Plus is a platform with a cryptocashback service, working on basis of  a mobile application with the PlusCoin cryptocurrency integrated, based  on the Ethereum Blockchain.     

The mission  of the application is, and has always has been, to “to make it possible  for people everywhere to make money just by doing what they always  do — by buying their morning coffee, going out for dinner, getting  groceries, and hanging out with friends after work.” They are achieving  their mission with PlusCoin (PLC). It might be for this reason that the  mobile marketing application, available on iOS and Android, has been  downloaded more than a million times.DS  Plus users are rewarded for their purchases by receiving instant crypto  cashback in PlusCoin. For every purchase made with the DS Plus app, a  certain percentage of the payment returns back to the customer, right  away!   

How It Works  

Why it looks interesting?  

Current partners include McDonalds, Burger King, Reebok, KFC - claims to have ~1500 partners and ~100k users

The company already has the platform so the risk is relatively low -  it is operating currently in select European markets so I don't know  how well their offerings are perceived in those countries

Already raised half a million dollars - not much but still fairly sizable considering it's been only about 10 days now

Launching new features on its app, an English language version and a Chinese version is expected as well

50% of the funds will be spent on marketing to ensure adoption of  the cryptocurrency,  increase the number of partners and to promote the  tokens in new regions; 25% on product scaling, 10% on R&D of other  products, 15% on the team

Advisor, Sergei Sergienko, co-founder of Edway Group, is listed  under Australia's Hot 30 under 30 and represented Australia at G20  summits. The team seems to be based in Estonia which is the hub for  mobile marketing activities

They plan to start the marketplace trading platform with online  stores towards the end of 2017, an open P2P trading platform in Q1 2018  and various other products (refer to the image towards the end)

The PlusCoin ICO begins September 10th and ends December 31th. 

 Website: https://pluscoin.io/ 

WhitePaper: https://pluscoin.io/whitepaper/WP%20P... 

 BitcoinTalk: https://bitcointalk.org/index.php?topic=2166754.0 

Twitter: https://twitter.com/DsplusF?lang=ru