Qiibee: Loyalty on the blockchain !

What is Qiibee?
Qiibee is a loyalty program built on the blockchain which aim is to bring together stores makes use of loyalty program using the block chain technology to facilitate this program.
Qiibee tends to make this trend easier for shops that rewards their customers fro their loyalty towards a particular brand of offered products. With their market experience and reputation, qiibee now brings a new trend and tend to problems encountered in current fragmented loyalty program system.

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What is a loyalty program?

"Loyalty programs are structured marketing efforts that reward, and therefore encourage, loyal buying behavior — behavior which is potentially beneficial to the firm.”
“A rewards program offered by a company to customers who frequently make purchases.”
“A customer loyalty program is a structured and long-term marketing effort which provides incentives to repeat customers who demonstrate loyal buying behavior.”
The rate at which most stores make use of the loyalty program is high considering the economic advancements. Stores not only want their customers to purchase from them, but are also willing to give them something in return for their loyalty to a particular store brand. This tends to increase the rate at which such customer buys as he is aware that the more he makes purchase the more he gets return on each purchase made.
For instance , in a departmental store, a customer makes frequent purchase day in day out, he gets a particular point rate on each purchase and after accumulating those points , he can use them to purchase other products or get discounts in form of coupons. A nice program I'll say.

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Is something wrong with the current loyalty sector?

Guess the answer is YES!
Loyalty sector doesn't make recognition for the total store as a whole. Using the former departmental store mentioned, if purchase is only made at the clothing sector, the points will only be given for buying from the sector, if tye customer then decide to stop the purchase of the product or wants to move into buying another produt, he won't be able to use the points he gathered whilst purchasing clothing to purchase other items under another commodity, this issue tends to make customers feel they have been gathering meaningless points and often drives them away from the store as what's encouraging them have been shattered into pieces.

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Question 1:How will Qiibee change the loyalty sector?

Answer:
Qiibee is interested in building a platform that is free since they make use of the blockchain technology which faciltates exchange, trade of token points among customers. And in doing this, customers can change the way they use tokens acquired through the purchase of products from stores. Qiibee makes use of the blockchain technology which facilitates transfer,exchange,their loyalty coin as long as the store is under qiibee, tokens can be used to exchange other cryptocurrencies avaliable.
Qiibee also helps curb the problem of points going to waste or lossing value. They also ensure customers freedom in the sense that a customer may decide not to use his token to purhase, make discount or exchange other crptos, they can make away with it in liquid cash. Qiibe is here to give customers what they deserve and ensure they have the freedom to do whatever they wish with their token.

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Question 2:How will having a free exchange between various loyalty programs inprove customers experience?

Answer:
"All loyalty tokens earned from the programs and applications in the qiibee ecosystem are stored in the qiibee wallet. In doing this, the wallet gives a complete overview and management of all loyalty tokens earned. It also enables customers to transfer these tokens to friends and family. Since all loyalty tokens are backed up by QBX, you can exchange them for one another within the qiibee wallet itself. This means that all loyalty programs and applications in the qiibee ecosystem are 100 percent compatible, giving customers full freedom of choice."

Easy management; customers can manage all their points under a single app. This means the various points acquired even after making use of some, it can all be gathered under a single space .
The qiibee platform allows customers to make away with tokens by selling them in exchange for other crptos.
qiibee ensures that the customers enjoy high security concerning their token to prevent loss.

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Question3 :What are the downsides of the current fragmented market?

Answer:
"Fragmented market is a marketplace where there is no one company that can exert enough influence to move the industry in a particular direction. The market consists of several small to medium-sized companies that compete with each other and large enterprises."
Most stores use the same method to operate loyalty programs and the outcome is always the same. No seperate entity can exert a change of operation which prevents the downsides encountered with loyalty points.

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Question 4: Do you have experience with loyalty points going to waste because they lack liquidity?

Answer:
Yes!. Most points obtained cannot be exchange for raw cash. This often lead to the loss of most points as it takes time for some points to get to the rate at which they can be used to make any transaction. But with qiibee, when a store is registered under them, they enjoy the service of exchanging points, trading points for other crptos or simply making away with liquid cash.
Most loyalty points are hard to redeem because of various shopping tastes. But with qiibee, all acquired points can be put under the same rader to ensure smooth management and this motivates the customer to buy more as they have it in mind that their points are save.!

In conclusion, Qiibee looks forward to imcreasimg the way loyalty program works using blockchain tecnology .

"With our loyalty platform and user-friendly developer kit, application owners won’t need to invest the time, money, and resources required to develop their own blockchain, smart contracts, or token technology. We provide developers with the right tools to build awesome applications – with little or no extra effort. Instead, they can just focus on their application and work with the resources they’re used to."

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For more information about qiibee or to chat directly with them, check here
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