We are progressing with the development of the MySmartProperty ™ APP with Oracle Corporation and the Real Estate Revolution will begin in 2019. We have already started research with Real Estate Agents and we have a number of agents booked into the training in Q1 of 2019. Interestingly, they are already seeing an increase in their business after spending just a preliminary one-hour session with Chris which is aimed at increasing their trust and integrity levels with their buyers and sellers. They are all very impatient to have the APP and start the Real Estate Revolution!
Our vision for this program is that users will be able to earn, and spend, rewards points (MSPT ™) wherever they are accepted – not just at the business that issued them and their affiliates and with none of the restrictive conditions. So, whether you are traveling, eating, on a shopping spree, having a coffee or buying a house, you will be able to pay with and receive MSPT ™ Rewards Points.
The biggest advantage of this is that the rewards points, MSPT ™, will be valued by the free market and not set by a company trying to maximize its profit. This means that the price will go up and down based on demand. With a fixed supply, who knows what it will be worth if this takes off worldwide in potentially hundreds of millions of businesses?
In addition, we anticipate that businesses will welcome the program as they will no longer need to administer their own program or carry this liability on their balance sheets.
The MSPT ™ Token Rewards Program will be open to all legitimate businesses worldwide as a means to reward and accept payment from customers. The MSPT ™ Token can be accepted as a form of payment across all businesses in the Rewards ecosystem.
Thus, every transaction from participating businesses or people buying MSPT ™ Rewards Tokens will result in on-market MSPT ™ purchases from MSPT ™ Token Holders. This creates a Worldwide Ecosystem and Marketplace for MSPT ™ – unlike any other Crypto or Loyalty system. As a foundation participant in the Rewards Program, MySmartProperty ™ is expected to be one of the biggest purchasers of MSPT ™ through worldwide property transactions, commencing in the Australian Property Market in Q1 2019. We are also in discussions with one of Australia’s largest home services franchises about developing their rewards system as the flagship model for this. More news on this next month.