RAIN Token
Verified ICO

RainCheck was formed in November 2014 to enable online-to-offline (O2O) commerce. Created to influence and measure the high level of online product discovery/research and to

ICO Ended
2018-07-10 - 2018-07-10
  Whitepaper |   Visit Site

Team: NYR
Feasibility: NYR

We also offer card-linking where people can add offers, loyalty points or cash-back to any debit or credit payment card, replacing the loyalty card. Our award winning patent pending IP states that we can do this at SKU (Stock Keeping Unit) level, not just at the merchant level.The RainCheck Platform, when fully developed, will aim to provide a decentralized platform through which token holders will be able to manage and aggregate reward points across multiple loyalty schemes. To enable this, RainCheck plans to provide consumers with the option to combine reward points from multiple loyalty schemes into one digital unit, the RAIN Token.The RAIN Token has been created to carry out a transfer mechanism on the RainCheck Commerce Platform. This token is based on the Stellar protocol, which was specially designed to enable micro-payments that can handle very fast transactions at very low cost.Tokens:The total supply of RAIN Tokens that will ever be created is 2,000,000,000. During the public sale we will have 35% of the total tokens available to supporters of the project and the RAIN token ICO price set at $0.04 USD. A soft cap is marked at $6M USD which will enable us to commence developing the DLT (blockchain) phase of the platform. In order to meet the time-lines set out in our roadmap, our target is $12M USD. The hard-cap will be set at $28M USD, reaching our hard cap will allow us to accelerate our time to market and expand into global markets much faster. We will allocate 15% of the total tokens as strategic tokens for the future operation of the business. These strategic tokens will be reserved over a 3 year period and will be allocated to strategic partners and enterprise organisations to stimulate participation and traction. For these organisations RainCheck will offer the opportunity to purchase RAIN tokens from the strategic token pool at market rates. All employees of RainCheck will be allocated tokens as part of this sale, with a maximum total of 5% of the total tokens allocated for all employees combined, including management. These tokens will vest 12 months from the start date of the sale period.

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