Categories: Press Release

QashBack to Launch Southeast Asia’s First Blockchain-Powered Reputation Management

5th of January, 2019, Singapore – With plans to release in Q2 2019, the QashBack platform is set to revolutionise the online reviews market as it leverages on the characteristics of blockchain technology.

Creating a Win-Win Ecosystem for Everyone

Users on the QashBack platform are rewarded with QBK tokens, the ecosystem’s own cryptographic token, for writing reviews, regardless of their bias. This change alone significantly reduces polarisation bias that is inherent in existing online review sites.

With permission from the consumer, merchants can offer QBKs as an incentive to encourage customers to participate in contests, view advertisements or take up a marketing promotion.

Blockchain technology enables QashBack to acquire real and factual reviews for consumers through its immutability and authenticity. All transactions on the QashBack platform are recorded on the Ethereum blockchain, making them transparent, self-executing, not reliant on any single third party for clearing and cannot be removed or edited.

The Qashback Business Model

QashBack has identified several target markets including Wellness/Beauty, Healthcare, Transit, Shopping, Food & Beverage, Travel, Entertainment and Education within the Southeast Asian region.

Earlier this year, the tech startup signed an exclusive partnership with Oriental Mace Group Berhad to tap on its mobile application, MyBeauty, supported by the Malaysian government as part of their national tourism strategy. The portal encompasses over 1,000 beauty service providers and thousands of product suppliers to the beauty tourism industry in Malaysia.

QashBack’s platform will be integrated with Oriental Mace’s application such that merchants and users transact in QBK tokens, and users are rewarded for viewing advertisements and submitting reviews.

QashBack’s partnership with Oriental Mace will generate a critical mass of users and reviews, as well as grow Malaysia’s beauty tourism industry.

QBK Token Sale Details

The estimated receipts of US$18 billion per year will generate sustainable and rapid demand for QBK tokens. Qashback will mint one billion QBK tokens, of which 10% (one hundred million tokens) was made available for public sale on 10th of December 2018. The opening value is set at US$0.40 per token. Over US$14 million had been raised during the private sales launched in July, with contributors consisting of high net-worth individuals and institutional backers.

The funds raised will be used to support the growth of Qashback’s ecosystem. These include furthering research and development, facilitating market penetration and business expansion, and financing operational expenses.

Contributors who are looking to trade QBK on various crypto exchanges will get the opportunity to do so from 5th of January 2019 as the QBK token will be listed on UDAX Hong Kong that day. The technology firm also has plans to list in other top exchanges such as Coinsuper, Dobi Trade, Upbit, and LATokenduring Q2 and Q3 2019.

To find out more information, visit the website: https://qashback.net
Connect on Facebook: https://www.facebook.com/qashback
Follow on Twitter: https://www.twitter.com/qashback
Chat on Telegram: https://t.me/QashbackICOofficial
Get the latest updates on Medium: https://medium.com/@qashbackofficial/

Media Contact Details:
Contact Name: Chris Tan
Contact Email: social@qashback.net

QashBack is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Guest Author

Share
Published by
Guest Author

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago