Table of contentsIntroductionThe challenges facing the existing iac platformThe decentralized iacThe decentralized iac platformToken economyPartners, teamIntroduction IAC has been around since 2014, although it was running on a centralized system, it had made a remarkable achievement in the e-commerce industry. In line with its objective, the centralized IAC system has been able to offer customers the best service by addressing the challenges usually faced by customers in terms of saving their tight family budget. Based on this mandate, businesses and businesses started using their platform for various displays and purchases. In a span of three years, the platform's growth was massive, so much so that the number of members in its ecosystem rose to 700,000 while it also had over 12,000 businesses on its platform. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get an original essay Challenges facing the existing iac platform In line with its vision of offering the best service to all members of its ecosystem (provider and client), IAC's plans to adopt blockchain technology to solve problems in the commercial sector. Apart from the fact that there is no cashback service offered by major market leaders, existing services are limited to online stores. Additionally, the existing cashback system is ineffective among producers or suppliers as they may have little or no guidance on how they can use this tool (cashback service, cashback system). discount and coupon service) to retain and attract more customers. iacThe decentralized IAC addresses all the challenges inherent in the business sector and also makes the existing system more efficient. The IAC decentralized platform offers customers cashback services and an efficient payment system. In addition, it increases the average income of establishments on its platform. The decentralized iac platform, to try to attract more members into its ecosystem. Registering with the IAC is simple and free. By registering on the platform, the customer has instant access to all existing offers, discounts and promotions. Members of the IAC platform who have referred others to the IAC platform will receive a certain percentage in cashback for all purchases made by their referrals on the platform. This cryptocurrency cashback can be withdrawn as fiat currency or used to make other purchases. Although access to the discount system is free for registered companies, they must pay a certain amount to participate in the IAC project, advertising, Internet marketing and placement on platform resources. Token Economy The IAC token is the recognized value on the IAC platform. Rewards are earned in IAC token. However, the internal currency of the IAC platform is the Auto unit (AU). Ecosystem members will need to convert their IAC Auto Token (AT) to IAC Auto Unit (AU) at the rate of 1 Auto Token = 10 Auto Units. An estimate of 85 million AT and 860 million AU will be created. The Auto Token (AT) will be available at the exchange rate of 1 USD per token.Partners, TeamTo realize its vision, IAC partners with an international law and trust company, I-link Company, Crypto reporter, O2O and PD pay.Keep in mind: This is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay IAC is managed by a team of 20..