A decentralized (blockchain) tipping mobile application, created to target mainly the FNB (food and beverage) and NL (night life) industries. Tipster is intended to serve as a better way to ensure tips, for great service, make it to the right person without being garnished, withheld or manipulated by the employer or split between other staff members that did not serve customers.
The worldwide FNB industry in the US is expected to reach $88 Billion USD by end of 2018 and the NL industry in 2017 was $24 Billion USD in the US alone.
A letter of intent has been signed with DECOSTA (www.decosta.global) to participate in the development and marketing of the new Tipster application. DECOSTA is a professional services and consulting firm that engages audiences through the creation and delivery of strategic marketing, sales, and business solutions. DECOSTA clients are from various industries across the United States and Canada. The company generates outstanding results for clients through four expert practice groups. 1. Marketing & Communications: Marketing strategies that create identity and awareness. 2. Entertainment: Management of unique artist brands and their digital content assets. 3. Business Acceleration: Business & Sales strategy consulting that increases profits. 4. Internet & Mobile Solutions: Online and wireless solutions that drive business and sales.
WHAT MAKES TIPSTER UNIQUE?
Not only will users be able to tip their favourite servers, but they will also be able to rate them and promote their great services via Tipster to help them get more business.
Tipster can also be used to support other market segments like content creators (YouTube), instant call to action or crowd funding (from Kickstarter to helping the homeless) amongst other applications.
On the backend, Tipster will work with human resource departments of the FNB and NL industries to help them find, hire, reward and promote the right servers (employees) who rightfully deserve the recognition based on real customer feedback.
For phase 2 of the Tipster project, Konnect is exploring the possibility of launching a cryptocurrency called TipsterCoin, to serve as the definitive cryptocurrency for the tipping industry.
WHAT IS THE TARGET MARKET FOR TIPSTER?
In the U.S. alone there are: 11,227,200 employees in the FNB industry, 382,900 employees in the NL industry and 965,807 employers in both the FNB and NL industries.
In Canada alone there are: 1,200,000 employees in the FNB industry, 43,081 employees in the NL industry and 100,246 employers in both the FNB and NL industries.
Both Tipster App and TipsterCoin are in the very early stages of development with management currently working on ensuring that TipsterCoin will be compliant with all applicable Canadian and US securities laws; consequently, management is not able to determine the timing of the proposed ICO launch or if the ICO will occur.