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Uxbridge, Ontario --News Direct-- SponsorsOne Inc.
“Decentralized sales turning social accounts into bank accounts."
Waterloo, Ontario – TheNewswire - May 18, 2022 - SponsorsOne Inc., (CSE:SPO) (CNSX:SPO.CN), (Frankfurt:5SO), (OTC:SPONF), a company that utilizes its proprietary platform that combines direct to consumer digital marketing with wholesale and retail distribution in the rapidly growing Spirits, Functional Beverage, and Hemp Sectors is pleased to announce the pending beta release of the SponsorCoin 3.0.
Myles Bartholomew, CEO of SponsorsOne, said, "We are seeing the maturity of influencer marketing shift to decentralized sales as Brands tighten budgets in this inflationary economy. Building a community around a brand emphasizing sales crates a direct and positive impact on the Brand's bottom line. Turning those social media accounts into bank accounts with real-time cash commissions drives this massive Gig Economy.”
The SponsorCoin platform will track the creation of every community built around any Brand determining all inter-relationships. When a sale happens, the Brand has pre-decided how commissions allocate among the community, and settlement occurs in real time. For example, the community member who affected the sale within their social network closest to the buyer might get 60% of the cash commissions. The community member that introduced this direct community member would get 40% of the commissions. The Brand is paying 20-30% cash commission on direct to consumer sales.
The sale might have happened five layers down from the first community creator. In this case, all members in the linked community will earn SponsorCoins in their digital wallet. The Brand will decide on the rewards based on engagement, authenticity, and ongoing content creation. Cash and Digital Currency combined drives Community Commerce.
SponsorCoin pay for marketing, and cash pays for sales. All members will open a Stripe account and cash will settle in their account once the product return period has expired.
SponsorsOne will launch the beta test around Doc Wylder’s in Q3, 2022. Doc Wilders represents a premium product in the Ready to Drink (“RTD”) market and is being sold Direct to Consumer. We continue to see sales every month on www.docwylders.com and anticipate that the launch of SponsorsCoin 3.0 will begin to accelerate the DTC market for Doc Wilders. We plan to enhance the Brand UX/UI design further and open the SponsorCoin platform to any Brand that needs to build a decentralized sales force nationally and internationally.
SponsorCoin 3.0 is planning to beta in Q3 2022, be the first to sign up to Doc Wylder’s brand community and build your community to earn cash and SponsorCoins.
About SponsorsOne Inc.
SponsorsOne is the leader in the next evolution of brand creation and digital marketing through influencer marketing, storytelling, and digital commerce with the SponsorCoin platform and its highly scalable – smart contract-based digital currency. SponsorCoin allows the brands to build and manage exclusive and highly engaged communities of salespeople and marketers within the social realm. The SponsorCoin platform provides data-driven marketing campaigns that will change the way brands connect with their customers. SponsorCoin is a tool for brands to inspire real movements around their products and services. Their most valuable customers become their best salespeople, producing far higher ROI than current social media advertising methods. SponsorsOne’s wholly-owned subsidiary S1 Brands Inc. builds wholesale/retail distribution channels for our internal Brands, acting as a master distributor. S1 Brands provides sales and marketing on behalf of the Brand to its vast network of national wholesalers and retailers and provides purchase order financing to assist the Brand in fulfilling every order. Premier Beverage Consortium LLC is a wholly-owned subsidiary and is brand building for the global spirits market with its flagship "Ready to Drink" product called Doc Wylder's. HS Brands Inc. is a wholly-owned subsidiary and is brand building for the global Hemp Smokes market with the launch of multiple premium products such as Primero Hemp Smokes and Suede Hemp Smokes. Ownership of the Brand combined with distribution, digital marketing innovation, and capital is the winning formula for building the next billion-dollar Brand. To learn more, please visit www.sponsorsone.com
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
The Canadian Securities Exchange ("CSE") has neither approved nor disapproved the contents of this Press Release.
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate," "project," "belief," "anticipate," "intend," "expect," "plan," "predict," "may," or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks:
risks associated with marketing and sale of securities
the need for additional financing requirements and access to capital, reliance on key personnel
the potential for conflicts of interest among certain officers or directors with certain other projects
the volatility of the volume and price of the Common Shares, the failure of the business strategy, the integrity of the Company's patents and proprietary intellectual property and competition.
The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, including the risk factors, set out in the Company's Listing Statement. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
View source version on newsdirect.com: https://newsdirect.com/news/sponsorsone-shifts-sponsorcoin-platform-to-community-commerce-643710186