The Arrival of the Master “ChatTee”

Do you want to acquire new customers?

How about establishing repeat customers patronage?

What of building a brand?

How about reducing material waste & loss?

If you seek any of above or more on a platform, then you need to be on ChatTee platform.

Websit: https://tee-coin.com/

ChatTee OIS Download: https://apps.apple.com/sg/app/chattee/id1437130675

ChatTee Android Download: https://play.google.com/store/apps/details?id=com.teecoin.ChatteeForUser

What is ChatTee Platform?

TEE-coin is a reward token based on cryptocurrency technology and as an exchangeable currency to many cryptocurrencies, solves the problem of the inability to use cryptocurrencies at merchants.

ChatTee Platform Mission

ChatTee Mission is to create a coin that makes people happy. With the popularization of the Internet and smartphones, information and knowledge can be easily accessed.

However, users cannot easily get hold of the information they really need because of the sheer amount of information on the internet. The key for obtaining accurate information is to the ability to navigate the open-seas of the internet. In other words, users must be able to exclude unnecessary information and filter to get only the true and correct information and narrow down to find information that serves the purpose.

The Vision ChatTee Platform

ChatTee Vision is to adopt blockchain technology; TEE-coin strives to be a worldwide cryptocurrency that can become a medium for exchange. Anyone can easily send money or make payments safely and in a speedy manner.

Features of ChatTee Platform

2019 New Features

Merchant App

Statistics for Check-in number, number of coupons used / Payment function / Sending ad via push notification/

Store information update function / customers analysis

Coinback function

Coinback is given when users redeem coupons or when make payments

Improvement on Review function

Video upload and more intuitive and interactive review functions

Improvement on Home Screen

Display of reviews that user is most likely to be interested in and timeline function

Exchange with other reward systems

Allow the conversion of TEC to frequent flyer mileage or points from other reward systems

Merchants Problems

Acquisition of New Customers

User’s behaviour have changed due to the diversification of information and e-commerce channels. Online sales and convenience stores are steering customers away from many merchants. Users are looking for new experiences that are cheaper and more convenient.

Establishing Repeat Customers

There is a common term used in the Food and Beverage (F&B) industry in regards to repeat customers: “The three-visit rule”.

According to this rule, once a customer visits a F&B establishment three times, the probability of that customer becoming a repeat customers is 80%. The cost for acquiring a new customer is 5 times higher than that for retaining a customer. So when customer attrition is reduced by 5%, its profit improves by 25%. The challenge is to establish a trigger for repeated visits that can be controlled by the merchant.

It is said that once 80% of the customers of F&B business are repeat customers, success is guaranteed!

Building Brand

Brand building requires a long-term brand awareness campaign.

Once the brand is established, operators can continue to run stores/businesses successfully without incurring advertisement costs. The key element for brand building is to collect a large number of reviews. The challenge is to aptly collect reviews from a large number of customers.

Reducing Material Waste & Loss

Material waste/loss has a direct impact on profit. It causes various problems including disposal costs and environmental issues. The key to reduce material waste/loss, is to have constant engagement and real-time communication with customers.

Solution to Merchants Problems Diagram

Users Problems

Difficulties in searching for merchants

What are the types of information consumers use for searching merchants? They require various types of information including the location, reviews, price range, atmosphere, and coupons. In addition to sources that are available with specific purpose such as Google Map, YouTube, Instagram, Facebook, TripAdviser, and Yelp, consumers may probably use other local apps as well. However, many users experience a gap between the information they acquire and the actual information. This often causes the customers to feel that they are at a risk in making a decision based on such information.

Limitation of Rewards Programs

Some of the example of merchants originated reward programs are points-based store reward cards and millage cards. These programs lack liquidity, convenience, and safety for various reasons. Reward cards can get lost, unused points expire after a certain period, and the products offered for exchange may not be appealing. Merchants must also pay the adoption/operation costs, thus these programs cannot be considered as an ecosystem for both the consumers and the merchants. The combined market size for original reward programs, just in Japan and America market, reaches 13 trillion yen. Since TEE-coin can be used across this market, its latent growth potential is very high making TEE-coin a valuable asset.

Limited usage of cryptocurrencies

There are many cryptocurrencies worldwide and the market capitalization of all cryptocurrencies is increasing. Nevertheless, they are possessed merely for investment purpose. Their volatility is high and they cannot be directly used as a medium for exchange since payment processing takes time and the purpose of most cryptocurrencies is to be exchanged for fiat currency (cash). For this reason, merchants do not accept most cryptocurrencies. Since the flow of cryptocurrency → fiat currency (cash) → withdrawal or debit card requires a long transaction period and many exchange fees, the intrinsic features of blockchain (i.e., low cost and convenience) has not been able to materialised.

Diagram Solution to General Users Problems