RewardsToken: a universal solution to loyalty industry

Have you brought alpenliebe? I used to love those back when I was a child. But that was not because it tasted great (through it did) or there was no better toffee in the market. It was shear because I used to get a free sticker along with that. That sticker used to bring a smile on my face. I cannot calculate how much money have I wasted on such chocolates just to get those free items. I bet you would also done that (not with alpenliebe but any other thing).

Later, I found out the reason behind this human nature. It's our nature to crave for something more and nothing better than getting that free of cost. Shopkeeper or business companies use this very fact to lure more and number of customer toward their product. You can easily see various loyalty programs banner or discount rates outside every shop. Believe it or not, you cannot resist those heft loyalty points.

I, myself being associated with many loyalty programs can say that nothing gives more pleasure than those free points. But, recently I started to realize that it was getting very difficult to keep track of all the loyalty programs that I am associated with. It resulted in wastage of many points (which I regret a lot later). As a matter of fact, when I discussed it with my friends, I found out that they were also facing the same issue. That's when I decided to look for some service which could help me keep track of various loyalty programs. I came across one such platform which impressed me a lot - RewardsToken. So, I dig deeper and tried to find out various services offered by the platform and other perks associated with that.

RewardsToken platform

The platform wants to create a universally acceptable solution for loyalty industry. RWRD tokens (the cryptocurrency for the RewardsToken platform) can be used for purchasing gift cards, for travel or you can also get it exchanged it for fiat money. The Rewardstoken aim is simply to reduce the liabilities which merchant hold because of unredeemed rewards.

You will be surprised to know that loyalty industry worth more than $300 billion USD and more than 80% of consumers belong to at least one loyalty scheme. But, the problem is not that. The issue with the current system is keeping track of so many schemes and to add to the difficulty each loyalty scheme has its own rule.

The Rewardstoken platform will bring together more than 100 million products and 7000 merchants from various fields including restaurants, travel, retail. So, by using this platform you will just have to keep track on scheme i.e. Rewards token. You can simply check the token that you currently own and redeem them on your favorite products or services.

Let's look at some of the benefits of Reward token-

➢ You will get exclusive offers and special offers to various tickets for concert or movies

➢ You will be able to take part in the contest and win an additional prize

➢ Access to a platform where you can track your points

➢ You can also sell your reward token if you don't want them

ICO and Team

RewardsToken uses ERC20 token which is created on Ethereum blockchain. The company has released 200 million tokens for sale. The company organized pre-sale from 14th February 2018- 15th April 2018. The main public sale is currently going on. You can buy RewardsToken (RWRD tokens) via bitcoin, DASH, Ether, Litecoin. The tokens are sold at a rate of 1 RWRD =$0.39 USD.

Conclusion

The best thing about the platform is that you also buy Reward token from various exchange website. It means that if you 99 tokens and you need to say like 5 tokens to avail some great offer on RewardsToken website. Then you just have to go to an exchange website and buy extra 5 tokens and bang!! You are ready to get your hands on your favorite deal. I think this is what makes it different from other loyalty schemes offered in retail stores.

After going through the details of the company, I believe that RewardsToken provides a long time missing solution. Loyalty industry is very messy right now and people are unaware of how to spend their reward points. This is where RewardsToken can help this industry get better and could become a game changer in this industry.

What do you think about the Loyalty industry? Do you also feel that there is a need for a platform like RewardsToken which help customers keeping track of their loyalty points? Do let me know your thoughts.

Website - https://www.rewardstoken.io/

Whitepaper - https://www.rewardstoken.io/wp-content/uploads/2018/05/White-Paper-2018-Rewards-final-1.pdf

ANN - https://bitcointalk.org/index.php?topic=3512435.0

Telegram - https://t.me/joinchat/HnjHHk01ZN-R39eUe2VJZA

Published by dannywhelan

Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458