apM Coin (APM) aims to establish a customer reward management platform tailored for seamless online and offline business transactions. Designed for the leading wholesale Korean Fashion Mall, it introduced an online customer reward system to cultivate enduring relationships between customers and vendors.
What is apM Coin
apM Coin is a platform that provides blockchain-based customer rewards to enhance customer satisfaction and loyalty. The project looks to transform the entire structure of reward systems within the wholesale industry through tokenization and distributed ledger technology. Furthermore, the platform strives to enhance the transparency of business transactions by providing a real-time database of buyers to sellers in the Korean wholesale market.
The apM Coin team
Richard Kwang Il Seok serves as the CEO of apM Coin. With a background as a managing shareholder of apM malls and previous experience as a business analyst at Deloitte, Richard brings a wealth of expertise to the role. It's noteworthy that apM Coin launched in partnership with the apM Group, a prominent player in the Korean wholesale fashion industry. Originating in 1999, apM Group established its presence through apM, apM PLACE, and apM Luxe in Dongdaemun.
How does apM Coin work
apM Coin offers a mobile application that enables apM members to conveniently manage payments, rewards, and additional services through their smartphones. By scanning a QR code at the time of checkout, users can utilize the apM digital currency to make purchases at apM shops and simultaneously earn rewards.
This initiative is specifically aimed at customers and wholesale brands associated with apM, apM PLACE, and apM Luxe, which are renowned as the largest wholesale clothing malls in Korea. The objective of this project is to provide tailored services designed for the wholesale market, with the ultimate goal of enhancing the overall shopping experience.
apM Coin’s native token: APM
APM serves as the native payment token on the apM Chain platform, offering tangible advantages to both customers and wholesalers. This versatile token is not only utilized for facilitating business transactions but also for covering subscription fees for customer management services.
APM tokenomics
APM has a circulating supply of 361,875,000 tokens, while the total supply stands at 1,812,500,000. It is worth noting that apM Coin relies on a dual token system comprising ERC-20-based apM Coin tokens and apM Cash tokens.
APM use cases
The APM token functions as both a platform reward and currency, driving user engagement. Additionally, it facilitates seamless transactions within the network. Substantial APM holders also enjoy exclusive perks, including special discounts and early access to select offerings.
APM distribution
APM’s distribution is as follows:
- 1.66 percent: Public sale
- 10 percent: Team
- 10 percent: Partners and advisors
- 10 percent: Marketing purposes
- 20 percent: Payment pools
- 18.34 percent: Global expansion
- 20 percent: User rewards
- 10 percent: Reserves
