QYKBAR

About:

QYK is a platform to choose, stock, consume and trade alcohol and is based on an existing Patented blockchain system. It’s an international blockchain loyalty program for everyday life and your only preferred way in the future to have affordable and fun experience in the best bars and restaurants across the globe for consuming drinks and spirits. In short – you would enjoy same level of service and product experience in your favourite leisure spots for less, or in credit. Our main goal is to utilize the global nature of the blockchain idea by bringing it to the bar and restaurant part of the existing $1.4 trillion alcohol industry in a way that would significantly improve end-user overall experience and save money. We ARE the UBER for your drinking experience for years to come. After having done in depth conversations with Bar merchants, we realized a big potential of new way to stock and consume alcohol on the cloud. This lead us to start developing the QYK Application that is already in Alpha mode and moving fast. Our expansion plans are as ambitious. We are launching in Asia in 1st Quarter of 2018 in Malaysia, Singapore and Indonesia, Thailand, Japan, Australia by the mid of 2018. We would be expanding to Europe and US in early 2019. Most of the proceeds from ICO are destined for Business Development and Marketing to support those ambitions. The QYKTrade Blockchain concept is based on BIXTrade which is an existing PATENTED blockchain system already live in production (Please refer to the Patent & related documentation) It may be amended or replaced at any point of time with no obligation to update the Technical White Paper or to provide the recipient with access to any additional information. QYK Tokens described in this Technical Whitepaper are not intended to constitute securities or any other regulated product in any jurisdiction. This Technical White Paper does not constitute a prospectus nor offer document of any sort and is not intended to constitute an offer or solicitation of securities or any regulated product in any jurisdiction.  



Intro:

QYKBAR aims to create world’s first decentralized platform to buy, sell and consume and trade alcohol on the cloud. By connecting bars, consumers, distributors and suppliers through its Patented blockchain technology. QYKBAR aims to provide a frictionless platform to consumers for stocking alcohol on cloud and consuming it at standardized prices anywhere in the world. Additionally, QYKBAR benefits bar merchants by giving them a platform to manage inventory and gain more customers. Bars can also combine their supply orders with other bars to get bulk rates from suppliers, with no middlemen involved.



Milestones:

Q2 2016

Concept Stage. Work started on BIXTrade system concept. Technical concept development and filing of Patent Applications for BIXTrade system. Concept of QYK Bar discussed and validated with bars.

Q2 2017

BIX Patent. Received. Patent No: US 9,635,000 B1 received on Apr 25, 2017. 3 more Patents filed. Development on BIX Trade ledgers Beta version and QYK Bar application started.

Q4 2017

MVP Launched! Patented BIX Trade technology live in Beta. Pilot completed with Bars. Live Apps for QYK Bar for Users & Bar merchants launched. Merchant Acquirer License applied for Malaysia & Singapore entities. PCI Certifications completed. Backend Bank integrations for Cards and Net banking completed. Integrations completed with Credit. Check agencies.

Q2 2018

Marketing & Partnerships. Partner with top 500 Bars and Pubs in Malaysia & Singapore. Reach out to 100,000 users. Online & Offline marketing in full swing. Field Sales team to be hired. Settle operations for 2 countries and plan for expansions into Australia, Thailand, Indonesia, Japan & Philippines.

Q4 2018

Growth Strategy. Expand operations into Thailand, Australia, Indonesia, Philippines, Japan. Fully commercialize QYK Trade Blockchain. Create loyal user base of authenticated users. Get more of commissions revenues by partnering exclusive deals with Bar merchants. Start work for expansion into Phase 2 i.e. global domination.

Q2 2019

Results. Get 1,000,000 loyal customers on app across APAC & plan expansions to other regions in Europe & US. Settle operations in all main regions, i.e. US, Europe, APAC. Target next big jump to become the UBER for Alcohol.