A newly developed ERC20 token, Cosmecoin is to be used within the beauty and aesthetics industry.
A newly developed ERC20 token, Cosmecoin is to be used within the beauty and aesthetics industry. It is designed to connect patients with respected partners, while at the same time it will record the whole process, ensuring both parties’ safety and rewarding the best practices.
The token, which will run on the Ethereum blockchain, uses smart contracts to reward consumers. The tokens can be used for purchasing products or traded for treatments provided by the network of partners. In itself, this will act as a loyalty program that will encourage the patients to choose the partnering businesses. The latter will benefit from the clients’ feedback and ratings which can help improve the services in the future. The platform will also provide treatment information and educational materials to ensure all users are well-informed before deciding on a procedure.