Index IntroductionThe Challenges of the Existing IAC PlatformThe Decentralized IACThe Decentralized IAC PlatformToken EconomicsPartners, TeamIntroduction The IAC has been in existence since 2014, although it operated on a centralized system, it had achieved a remarkable achievement in the e-commerce sector. In line with its goal, the centralized IAC system has been able to offer customers the best service while addressing the challenges usually faced by customers in terms of saving their tight family budget. Based on this mandate companies and businesses have started using their platform for various viewings and purchases. In the span of three years the growth experienced by the platform was massive, so much so that the number of members in its ecosystem rose to 700,000 and it also boasted over 12,000 businesses on its platform. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The challenges facing the existing iac platform In line with its vision of offering the best service to all members of its ecosystem (supplier and customer), IAC plans to adopt blockchain technology to solve the problems of the business sector. Apart from the fact that there is no refund service from the major market leaders, the existing ones are limited to online stores. Furthermore, the existing discount system is inefficient with manufacturers or suppliers as the case may have little or no guidance on how to use this tool (cash back service, discount system and coupon service) to retain and attract more customers. iacThe decentralized IAC addresses all the challenges inherent in the commercial sector and also makes the existing system more effective. The decentralized IAC platform offers customers cashback services and an efficient payment system. It also increases the average revenue of establishments on its platform. The decentralized iac platform, in an effort to attract more members to its ecosystem. Registering with the IAC is simple and free. By registering on the platform, the customer has immediate access to all existing offers, discounts and promotions. IAC Platform members who have referred other people to the IAC Platform will receive a certain percentage as a refund for all purchases made from the IAC Platform. This cashback in the form of cryptocurrency can be withdrawn in the form of fiat money or used to make other purchases. Although access to the discount system is free for registered businesses, they still have to pay a certain amount in order to participate in the IAC project, advertising, Internet marketing and placement on the platform's resources.Economy of the tokenThe IAC token is the value recognized on the IAC Platform. Rewards are earned in IAC tokens. However, the internal currency for the IAC platform is the Auto unit (AU). Ecosystem members will need to convert their Auto IAC token (AT) into Auto IAC units (AU) at the rate of 1 Auto token = 10 Auto units. Approximately 85 million TAs and 860 million AUs will be created. The Auto Token (AT) will be available at an exchange rate of $1 USD per token. Partners, Team To realize its vision, IAC collaborates with international legal and fiduciary companies, I-link Company, Crypto reporter, O2O and PD pay. Keep in mind: This is just an example. Get a custom paper from our expert writers now. Get a Custom Essay IAC is run by a 20-man team led by Valery Schelkonogov and Evgeny Schelkonogov. The first, an entrepreneur with great experience in the insurance and production fields, acts as organizational president of the company, while the second, Evgeny..