📈Invixus (INV) Token

Internal InRewards tokens are called INV and comply with the ERC20 standard. INV is an internal currency and is used to conduct all operations within the Invixus InRewards ecosystem. Customers of the online stores participating in InRewards Network will receive INV as a cash-back — a certain configurable amount or percent on their purchases, purchases of the friends that they referred to the store, shares and likes in social networks and other actions. The cash-back will be credited to the customer’s automatically created crypto-wallet connected to the store via InRewards plugin.

INV can be redeemed at the same store or with the other InRewards participating merchants via an online crypto-wallet connected to the participating merchants. Customer crypto-wallet’s INV balance may also be connected to the bank debit card, which the users can spend just as if they used their regular Visa or Mastercard. The customers will appreciate the opportunity, because they get a liquid crypto-currency, instead of loyalty points. The customers can also buy INV on the open market (e.g. exchanges, etc.) or via the Bancor liquidity smart contract. The private key to a token holder’s INV can be stored on the wallet provided by the InRewards network platform, on the standard Ethereum wallet, or on any wallet supporting the ERC20.

The value of the INV token will be determined on the open market, but only after the listing formalities are completed and the tokens are allowed to be listed on the trading platforms. In most exchanges tokens can be converted into ETH, INV or fiat. The token is accepted by all merchants that use the loyalty platform and other partners of InRewards Network. The demand for the INV tokens most likely will grow because of the limited initial issuance of 2 billion tokens and the increasing number of retailers joining the platform exceeding the supply from the customers who redeem the tokens for purchases or trade them at the open market, which will create an ascending path of least resistance.