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 FundersToken Technology to have an ERC20 standard token minted. FundersToken is known for developing modules of blockchain infrastructure. These modules allow Bit3x to focus on traditional software development while FundersToken takes care of all blockchain-related features.

The thx! Token has built-in functions including wallet APIs, airdrop modules, and ICO sales smart contracts. 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.

The thx! Team plans to deliver the alpha version of the thx! App to the market in the first-half of the year. So stay tuned in the coming months!