Fidelis Crypto is the first cryptocurrency for loyalty programs

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Overview

The world is experiencing a revolution that began timidly in 2009 with the operationalization of the Blockchain concept and the BITCOIN cryptocurrency, a revolution that has been gaining more strength every day. cryptocurrencies are mostly speculative assets similar to traditional corporate stocks. With few exceptions, cryptocurrencies do not buy anything at all, before undergoing a cash conversion. The world of cryptocurrencies is still far from interacting effectively with traditional economics. Few companies risk accepting crypto-assets as a form of payment. For this reason, individuals still do not feel the need to understand the world of cryptocurrencies as seriously as it deserves.

With this, the cryptocurrency loses an important function: that of reaching the pocket of the common person, and no longer offers its most important attribute, which is the guarantee of good protection against devaluation and likely an intrinsic valuation, since the supply of most cryptocurrencies is limited and therefore deflationary.

Thus FIDELIS Platform came into existence. The problem that intends to solve with the FIDELIS Platform is the gulf between the common person and the world of the decentralized economy represented by cryptocurrencies.

What is FIDELIS?

The FIDELIS platform and the FIDELIS token, are contributions to bring these two worlds, which are currently distant, closer together. With the FIDELIS Platform, the individual who participates in loyalty programs will have the opportunity to understand the practical meaning of this new digital economy and, also, to benefit from it.

Before, you earned points for consuming a product, using a service, and exchanging it for gifts, trips, and bonuses. Now, on top of all that, you can earn and accumulate a deflationary cryptocurrency! You can redeem it for products and services in various rewards programs or turn it into cash on the free market. Or if you prefer, wait for the currency to appreciate!

What are loyalty programs?

Loyalty programs are those in which companies offer consumers certain incentives such as vouchers to redeem when they make a purchase, points, sample items, etc. Depending on the program, these units can be obtained from an independent product, from products in the same chain, or from several participating products. They allow the consumer to redeem these units for rewards, such as free goods or services or discounts.

Fidelidade believes that Loyalty Programs are the ideal vehicle for the world of cryptocurrencies to make complete sense in people’s minds and for a smooth landing in the traditional economy. All that remains is the task of incorporating small changes, many of which are just nomenclature in the existing Loyalty Programs so that people and companies can quickly accept them.

The FIDELIS Platform will be the place where the rewards programs that join will be located and FIDELIS (FDLS) will be the decentralized currency, with non-inflationary attributes, with indeterminate validity, with which the customer can earn rewards in one or more Loyalty Programs belonging to the FIDELIS Platform.

FIDELIS ECOSYSTEM

The Fidelis Platform is the space in which the FIDELIS Ecosystem will operate. The FIDELIS ecosystem has two Habitats:
LOYALTY PROGRAMS ACCOUNT — There will be the accounts of the companies that adhere to the FIDELIS Platform and the loyalty clients of these companies.

FREE MARKET ACCOUNT — Within which the free purchases and sales of FIDELIS tokens will take place, following the laws of supply and demand, similar to how any cryptocurrency works today

LOYALTY PROGRAMS HABITAT — In the LOYALTY PROGRAMS habitat, partner companies will offer rewards to their loyal customers in the System Marketplace, which is the virtual place where all partner companies offer their rewards. For a customer to be entitled to a reward, he will have to purchase the products offered on the Marketplace with his FIDELIS. Partner companies can choose between offering rewards only to their loyal customers or they can open up for other customers to purchase their products, even outside of their rewards programs.

For the partner company, it may be interesting to open purchases to customers out of its Loyalty Program for two reasons:

Increase the number of customers — For a company, the main objective of maintaining a loyalty and rewards program is to retain their customers and attract new customers by offering their products on the marketplace in exchange for FIDELIS. These FIDELIS arising from these exchanges belong to the Loyalty Programs account of the FIDELIS Platform.
Promote a differentiated product or service, increasing its dissemination and, therefore, its sales.

The FIDELIS Ecosystem and FDLS workflow

The LOYALTY PROGRAM habitat, where corporate reward programs reside, is slow-metabolized. FDLS moves slowly, only among its customers, through partner companies. Loyalty client portfolios are holders by nature. Thus, the most likely is that the FDLS circulating in this habitat will do so in controlled quantities and that they will return to their own Loyalty Programs portfolio, closing a relatively tight circle.

On the other hand, the FREE MARKET account is fast-metabolized. There will be holders, but it will also be made up of traders who will seek quick wins by buying and selling FDLS looking to increase their amount of fiat money. A known way of valuing a FREE MARKET account is to “burn” tokens, with the objective of making the supply more scarce, as scarcity is usually synonymous with valuation.

Fidelis CryptoToken

The Fidelis Token is the native currency of the Fidelis Fintech ecosystem. By using products and services from the Fidelis Digital Bank, Fidelis Exchange and Fidelis Club platforms, you accumulate FDLS Tokens. The Token has a smart contract deployed on the Blockchain Smart Chain, of the BEP20 network.

You will be able to earn tokens when:

Consume products and services from companies registered on the Fidelis Club platform.

Use the services of Fidelis Digital Bank.
Use the Fidelis Exchange platform for trading.
Stake on the Fidelis Exchange platform.
Tokonomics
Token Name: Fidelis Token
Token Ticker: FDLS
Network: BEP-20
Total Supply: 990.000.000
Circulating Supply : 326.000.000 (32,93%)
Team

Conclusion

The Fidelis Platform and the FIDELIS Token (FDLS, Φ) are part of a solution to bring together the most diverse Reward Programs (Loyalty Programs). Through the FIDELIS platform, companies will be able to develop their Loyalty Programs in a safe ecosystem, with lower operating costs and with the benefit of being able to advertise their products to customers of various other reward programs. The FIDELIS token will be equivalent to the miles, points, or cashback of traditional rewards programs, with the advantage of never expiring and having the possibility of valorization, which benefits both the customer and the company that participates in the FIDELIS Platform.

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Author
Bitcointalk username: Injhagi
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