Ovato (OVT)

Ovato provides a unique solution for merchants, enabling them to reduce the costs of their loyalty-rewards program by as much as 87 percent, while at the same time providing a secure platform to be able to easily conduct daily business anywhere in
the world. Additionally, merchants will be able to market directly to the Ovato community, potentially allowing small businesses a much broader audience.

The Smart Contract platform lets merchants offer special deals and promotions to Ovato users in real time, which we believe will help businesses to uniquely position themselves, scale their business, and attract customers during low volume business cycles.

Whitepaper

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What is Ovato

With the introduction of a universal token for loyalty-reward, earning, and giving, the Ovato Token provides the perfect solution to the challenges facing today’s loyalty rewards programs.

The token, along with its associated applications, will offer both consumers and businesses with a far more compelling proposition and greater incentives to conduct transactions securely, and at signifcantly reduced costs. As a result, the residual value of benefts will be strengthened for all participants.

Ovato provides a unique and secure solution on the blockchain using an ERC20 token, and a limited number of tokens will be issued. Distribution of Ovato tokens through mainstream merchants to their existing customer base will create a network effect benefcial to anyone holding them.

The current estimated worth of the loyalty reward industry is $65 billion and is forecast to grow to $100 billion by the year 2020.

One of the most exciting elements of the Ovato Smart Coin is the ability for users to use the coin in a variety of ways.

The Ovato Coin empowers users with the ability to not only spend the coin with participating merchants, but they can also share the coin with friends, relatives, merchants, and virtually anyone. Both consumer and merchants can earn additional coins for referring new users.

We believe that the features of the Ovato Smart Coin combined with the mass distribution and adoption planned with our distribution partners suggests the coin will be a phenomenal success while providing a signicant social impact.