As an introduction, we’d like to share with you the three distinct features of the thx! Application.
Meant to change the way you communicate with others, the thx! App is all about doing and promoting social good. How do we make this possible in the real world? Let’s take a look at the virtual deeds you can perform via this tool that will create a positive impact on your actual interactions.
The 3 distinct features of the thx! App Say thank you anytime
Feeling generous after receiving great service from a person you just met? Let’s say you walked into a store and the clerk was warm, welcoming, and helpful the entire time. In such a case where you are not sure whether or not to give a tip, the thx! App provides an alternative and solution.
When simply uttering “Thank you!” is not enough, say it with a token of appreciation instead. Through the app, you can send THX tokens to the store clerk in a few clicks. But it doesn’t end there, you can also give tokens to your friends and colleagues. Through the app, you can convey your gratitude to people you know and strangers alike, to anyone who has contributed positivity and goodness to your day.
Accumulate thx! Scores beyond boundaries
The THX tokens you give or receive will be counted toward your thx! Score. This thx! Score offers a new way of evaluation — one that is based not only on popularity but more importantly on generosity.
But that’s barely scratching the surface. The app can help create a more robust evaluation system for companies as well as credit providers.
The thx! Score is highly reliable because it uses one’s daily life activities to measure the score. It goes beyond the boundaries of a specific company or community to include everyday life as a whole.
The thx! Score is also portable as it is fully transferable globally or virtually. An individual’s thx! Score will be maintained even after an employee leaves or retire from their job, or move to a new country.
Give or receive evaluation of service quality
There are various rating and review sites that focus on the quality of the dishes and the atmosphere of the restaurant. Unlike them, the thx! App introduces an objective and reliable evaluation that zooms in on the quality of service of employees received by the customers.
It’s a social scoring that is designed to benefit society. Here are a few examples of its effects:
Bonus: Technical features
On chain security
Being executed on Ethereum Blockchain, we ensure data consistency as all data will be broadcast on the public chain, securing all nodes have the same data at the same time.
Modules supporting diversity of features
• Wallet to manage THX token
• Voucher to support THX-related services
• Locate to access required data from the thx! Ledger
• Airdrop to reward users within the ecosystem
Native Token Environment
We enable Native Token Environment for any ERC20, which removes the need for end users to hold Ether in order to make a token transfer. Instead, end users consume the ERC20 Tokens as transaction fees.
The blockchain technology has started to make an impact in some sectors like banking, education, and petroleum. Why don’t we leverage it to introduce social innovations and specifically propagate goodwill?
That latter part is the driver behind the thx! project. Using blockchain, it will enable people to show appreciation to others and earn a social score outside the usual setting — their company or community. In a way, these actions are already embedded in our day-to-day. For instance, we want to give an excellent waiter a tip. We want to be seen as helpful, generous, and kind by our friends and colleagues.
Yet, thx! takes things to the next level. As we send a token of appreciation to a waiter, he or she may accumulate a high enough thx! Score and claim certain benefits and rewards. Likewise, we can receive tokens from anyone and be eligible for certain benefits and rewards. And we can be sure that the scoring system is reliable and transparent because the data is recorded on a blockchain.
Hand-in-hand: The Ethereum blockchain and the thx! Platform
Each THX transaction is issued on the Ethereum blockchain adhering to the ERC20 standard. This technology allows for a transaction to rely on network consensus for approval instead of a central authority.
The blockchain is a transparent, honest, and manipulation-free platform. Whether you are a boss, an employee, or a customer, you can be sure that your thx! Score and all related data are safe and secure. You can share your thx! Score virtually or globally, outside your company or community. You can also use it to assess a current employee, a job candidate, or a loan applicant objectively.
Further, companies can use the database provided by thx! to look for service-oriented and hospitality-mindset employees with high scores. As a result, they can optimize their marketing methods or conduct credit management from a new perspective. Companies can also use the scoreboard for internal purposes, including giving out periodic employee award and employee promotion.
On the other hand, users with high scores will have access to special promotions such as invites to exclusive clubs or a VIP pass to concerts. Other benefits include priority reservation at restaurants where making a reservation is difficult, special discounts at hotels, discounted interest rates for loans, and employment offerings from participating companies.
So how does the thx! Platform help quantify each token holder’s popularity and generosity? The thx! Server constantly monitors thx! Ledger activities and calculates the thx! Score based on our proprietary algorithm. After calculation, the thx! Score is published on our platform.
By enabling data to be recorded on the Ethereum blockchain, thx! removes the need for intermediaries. Users’ daily activities become the basis of their thx! Score. For employees, this means they aren’t just subject to the rating of their respective supervisors and colleagues using traditional metrics. Since the data cannot be tampered with or deleted, thx! also provides a more objective way of evaluating peers and other people.
Here is a new perspective and tool to leverage in rewarding hardworking individuals. Together, the blockchain tech and thx! can have a better way for humans to interact in the foreseeable future. What if there was a whole new way to show gratitude? You know…beyond tipping, smiling, and saying thanks?
Introducing thx! — which is short for “thanks.” It is a decentralized application that allows users to send tokens, through a blockchain network, to someone who’s provided them with outstanding service. Call them tokens of appreciation if you will. The THX tokens have intrinsic value that recipients can monetize or accumulate to improve their credit score.
The benefits of installing thx!
Both senders and recipients can benefit from using thx! in countries where workers always exceed guests’ expectations without asking for tips. On the other hand, tourists and long-term residents want to express their gratitude by giving tips in any form. Now, they can send THX tokens instead of cash and small objects of appreciation.
Once senders initiate the transaction, the Ethereum blockchain will record it. This action will count toward their thx! Score, or reputation score. Recipients will receive their tokens and be able to use them in exchange for privileged access to specific products and services or to increase ranks in their respective communities.
Users with high recognition and gratitude scores will be able to receive various kinds of benefits. The perks include priority reservations at restaurants that are difficult to book, special hotel discounts, discounted loan interest rates, and employment offerings from participating companies.
As for companies, they will be able to motivate their employees beyond the usual hourly wages. The thanks and appreciation received by each worker will be part of their profile. Their scores can then be the basis for a more objective employee assessment.
The information logged on the blockchain cannot be changed or manipulated.
It’s a win-win-win situation for everyone involved.
How to install thx!
Aside from facilitating the sending and receiving of virtual thanks, the thx! platform seeks to reward hard-working individuals via a peer-to-peer scoring system not restricted to a company or a country.
No prior knowledge of the blockchain tech is needed to use thx! You are just one download away from exchanging your first token with friends and colleagues.
1. Download the intuitive and easy-to-use mobile app via the App Store for iOS and Google Play for Android. The user interface enables users to interact with the app just like they would with Facebook, Instagram, and other favorite everyday apps. Still, it works as a decentralized application behind the screen.
2. Take note of the following components:
* Ethereum blockchain with ERC20 standard — records each transaction.
* thx! Server — constantly monitors thx! Ledger activities and calculates thx! Score based on a proprietary algorithm, and evaluates the popularity and generosity of each token holder.
* thx! App — publishes the thx! Score after it is calculated.
* User ID — each user will be provided with a unique ID that will be implemented in each transaction and used to track the thx! Score.
The thx! App creator, Bit3x, has partnered with FST Network to have an ERC20 standard token minted. FST Network is known for developing modules of blockchain infrastructure. These modules allow Bit3x to focus on traditional software development while FST Network takes care of all blockchain-related features.
The thx! Token has built-in functions including wallet APIs and airdrop modules. Bit3x has developed a user-friendly mobile app seamlessly supporting THX. End users no longer need to consume Ether when sending THX to others. Instead, a small transaction fee of THX will be collected, and Bit3x can patch the transfers with high efficiency, saving around 80% of normal transaction fees based on network conditions.
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