For Immediate Release
has developed the SponsorsCloudTM platform to support the world’s first scalable digital currency for social networks called the xCredit. xCredit support smart contracts between Brands, Consumers and Influencers to automatically determine compensation for authentic social engagement.
“For the first time, Brands can build their own proprietary communities around their products and compensate the consumer for authentic word-of-mouth marketing,” stated Myles Bartholomew, Founder and CEO of SponsorsOne. “Each time an xCredit is issued, the smart contract automatically determines the compensation. As the community builds around the Brand the intelligence generated from digital contract execution allows the Brands to optimize their return on marketing.”
xCredit is a digital currency governed by smart contract technology that has tokenized sponsorship between Brands and Consumers. As the consumer advances through the sponsorship levels, as defined by the smart contract, their discount and compensation increase. Smart contracts, which are dynamically customized by the Brands after they are issued will tune the engagement until the Brands ultimate ROI is achieved and their optimal community is built. Smart contracts become intelligent by rewriting themselves to optimize Brand performance.
The SponsorsCloudTM platform has been developed and “stress” tested to support millions of users conducting millions of transactions per minute, utilizing minimal server resources and electrical power. xCredit uses an encrypted and optimized centralized transaction server connected to distributed digital wallets to settle currency transactions in microseconds with minimal computing resource. SponsorsCloudTM uses a patent pending process that can scale to hundreds of millions of users conducting transactions with a trusted centralized and secure server at minimal cost, reducing SPO’s operating costs needed for computing resources.
Overall, SponsorOne’s xCredit digital currency and smart contract architecture provides a low cost digital currency solution for Brands to connect and engage with their Customers delivered with minimal computing costs.
Currently, the Company is getting ready to launch within the fashion, beauty, specialty food, film production and eGaming sectors supporting creative and innovative Brands and Influencers. SponsorsCloudTM is near completion and will be launched in early 2018.
Harbison is an emerging luxury fashion brand founded upon designer Charles Elliot Harbison’s conviction that the market is ready for a fresh take on luxury American sportswear, made in New York City. Since its 2013 launch, the brand has garnered unprecedented editorial and commercial response from the global fashion community, proving Harbison’s modern, American sportswear-inspire voice is poised to render it one of America’s most influential brands.
About SponsorsOne Inc.:
With the SponsorsCloudTM platform, SponsorsOne is creating Brand focused proprietary ad networks. Data driven marketing campaigns and creative combined with a proprietary social ad network will change the face of the agency and the way Brands connect to their customers. Brands can now inspire real movements around their products and services in which their most valuable customers become their best salespeople producing far greater ROI than current social media advertising methods.
SponsorsOne is also the creator of a proprietary SponsorsCloud and a Social Sponsorship Currency that gives consumers real compensation for their authentic social media engagement (blogs, videos, tweets, pins and posts) along with a Social Marketplace to trade their Social Currency for products and services with the Brands they love.
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
To learn more or inquire please visit http://sponsorsone.com/
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