Ezpos ICO Quick Facts
- New token powering a universal loyalty community
- Large amount of retailers, revenue and more already exists with EZ Solution company
- Pre-iCO sold out; ICO begins January 1, 2018
- Three rounds of ICO; 1st round 1 EZT = $0.85
- 1,000,000 / 5,000,000 EZT tokens for sale
- Easy for merchants to launch their own customer loyalty programs
What is Ezpos?
Singapore-based EZPOS Holdings, is a parent company of EZPOS JSC which was founded in 2011. EZPOS JSC is a cloud-based Point of Sale (PoS) system provider owning proprietary technology which underpins the two web services, MAYBANHANG.NET and MAYTINHTIEN.NET.
With 130 employees and 6 years of experiences in the SaaS market, we have built a strong network of more than 10,000 merchants serving millions of local and foreign customers.
With many years of supporting and co-working with thousands of SMEs in Vietnam, we realized that there is a lack of, or limited access to marketing and customer loyalty management services — which is a powerful set of tools to acquire and retain customers as well as boost their business.
Traditional solutions for customer loyalty programs such as the ones involving loyalty cards are losing effectiveness due to a lack of user engagement and low customer incentives (while being quite expensive because of third party involvement).
On the global scale, the loyalty market is estimated to grow to $6.2 billion by 2023 due to a sharp increase in mobile phone usage.
Working between merchants and customers, we offer a seamless integration of a services portfolio built on an on-demand-service platform over our existing cloud-based POS system providing the following services in the image below.
– Laurent Nguyen, CSO of EZPOS
The pre-ICO began on December 7, 2017 and finished having raised $600,000. There were 1,000,000 EZT tokens sold for $0.60 per token. There were a total of 106 backers who contributed towards the hard cap being reached.
Ezpos ICO Information
The ICO has three rounds that are as follows:
Jan 1, 2018 to January 7, 2018
$0.85 per EZT
Limited to the next 1 Million tokens.
January 8, 2018 to January 14, 2018
$1 per EZT
Limited to the next 3 Million tokens.
January 15, 2018 to February 4, 2018
$1.2 per EZT
Limited to the next 5 Million tokens
There is a minimum contribution amount of 50 EZT and Bitcoin or Ether are accepted as forms of contribution. There is a hard cap of $5,000,000 that if reached will end the ICO immediately. In order to contribute users must register on the Ezpos website here.
The following bonuses apply for contributors, based on additional actions completed or large amounts contributed:
Token Distribution Information
There are a total of 50,000,000 tokens being created, with 10,000,000 available across the pre-ICO and ICO. The majority of tokens (70%) are reserved for supplying loyalty services. Tokens will be distributed shortly after the final round of the ICO ends.
There are plans for an internal token exchange to launch February 6, 2018 and public exchanges to launch March 1, 2018 according to the ICO roadmap on the Ezpos website. The token bonus distribution is scheduled for March 6, 2018. EZT is a hybrid ERC20 like token architecture that combines a lightning network and Proof of Stake. It is aligned with the newest standard of the Ethereum blockchain. For more information on token tech specifics, please read the whitepaper here (page 22 and 23).
The full allocation of tokens is as follows:
20% (10,000,000): Pre-ICO and ICO
7% (3,500,000): Reserved for founders
70% (35,000,000): Reserved for supplying loyalty services
3% (1,500,000): Reserved for bonus and bounties
Use of ICO Proceeds
50%: Staffing and development
10%: Team incentives
5%: Advisors’ incentives
5%: Legal and finance
Team of Ezpos
Hoa is the CEO of EZ Solution, graduate from Ecole Polytechnique France and has more than 10 years of experience in tech startups. He led the development and provided the core trading system for Kim Long securities — the biggest Vietnamese online trading system. He is also the co-founder of REVER, an online Real Estate trading platform.
Tuan graduated from the Institute of Hanoi, Vietnam and is the ex product leader for the Kim Long securities trading platform. He has 10 years experience in building large scale, high frequency stock trading systems with millions of transactions matching per week. He is now in charge of the product department which has 10 experienced staff members.
Laurent graduated from Ecole Polytechnique France with his PhD. He was a data scientist manager at EY Paris Fance and has more than 10 years of experience in data consulting services for big international corporations. His role is to help EZ Solution build a better data driver business strategy.
Duong is the CTO of EZ Solution and graduated from the University of Sydney, Australia. He has more than 10 years of experience as a project director who led the management and build-out of mission-critical platforms as project director for FPT software. He is now building machine learning and AI technologies underlying the POS system. He leads the engineering department with 30 experienced developers.
For a full list of team members please visit the Ezpos website.