SINGAPORE, JANUARY 9, 2020 – MozoX Pte. Ltd. (“MozoX”), a Singapore-based blockchain platform company that brings foot traffic to offline businesses, announces that its authorized marketing agent for Korea, Mozo Korea Co., Ltd. (“Mozo Korea”) has entered into a binding memorandum of understanding (“MOU”) with K-Village, which owns and operates Otium Luxury Brands Store (Sejong Mall) in Sejong City.
Sejong Mall offers numerous high-end fashion brands such as Prada, Burberry, Valentino, Givenchy’ Bottega, Dior, Ferragamo, Gucci, Golden Goose, Balenciaga, Fendi, and Dolce Gabbana.
Under the terms of the MOU, Sejong Mall will use the MozoX platform to help drive foot traffic to the mall through airdrops of MozoX tokens. Shoppers who download the MozoX Customer App will receive MozoX Tokens for visiting Sejong Mall. They will also be able to view all discounts available at the Mall and will be able to redeem their MozoX Tokens for discounts on products at all participating stores. As part of the launch, Sejong Mall plans to offer 5% discounts on these products when shoppers redeem 50,000 MozoX Tokens at time of purchase.
Jake Yu, CEO of Mozo Korea commented, “We are excited to finally be able to launch MozoX in Korea. The Otium Luxury Brands Store (Sejong Mall) clearly understands the unique value that MozoX can offer and we think this is a tremendous start to our rollout of MozoX to Korean retailers and consumers.”
Round 2 of the MozoX initial exchange offering is underway on the Probit platform from January 2nd to January 12th, and MozoX Tokens can be purchased there using Bitcoin, Ether, Tether or Prob.