Thursday, 21 December 2017

THE NEW LOYALTY ECONOMY

The biggest success factor for loyalty programs is the access to value and having a central place where rewards can be redeemed. The Loyalcoin Platform on Blockchain opens up endless possibilities for redeeming rewards through a decentralized platform that makes it easier for brands to provide loyalty programs to consumers to participate wherever they want to use their rewards. LoyalCoin is a platform that provides digital rewards programs for multinational companies. LoyalCoin is involved in digital marketing, E–commerce, web and app development and logistics. LoyalCoin (LYL) is a customer loyalty oriented digital asset that is replacing traditional customer loyalty programs with a flexible, fully transferable token that can be used to redeem rewards from any participating brand, anytime, anywhere. It creates a more open ecosystem for customer loyalty that strengthens relationships between brands and their customers. LYL is the symbol of loyalcoin. LYL is a token built on the NEM Mosaic platform. https://loyalcoin.io. Loyalcoin platform wants to integrate each of the reward systems offered by different companies into one platform and one reward, which will allow the user a much easier way of benefitting from these loyalty programs, as well as generating more interest in these programs with potential customers when it comes to these corporations. It is a win-win situation. The vision of the loyalCoin platform is to create a community where everyone can earn and use loyalty points every time and everywhere. One major reason of introducing the loyalcoin is to eliminate some limitations and difficulties like limited active users and low redemption rates, which are being experienced in the loyalty industry today. LoyalCoin is going to be an international digital currency used to integrate all the reward systems of different companies so the users can use them easily and thus be more interested in using their loyalty services. Loyalcoin will ensure that through customize digital rewards program, companies can offer incentives such as freebies, promos, and coupons as well as points and tokens based digital assets to encourage their loyal customers. To achieve all these targets the Loyalcoin platform will use the digital marketing medium, which is a tailored made internet based, which ensures the consistency of brands messaging. E- Commerce mechanism will also be involved to increase internet based consumption like electronic gift cards. To ensure the delivery of maximum target loyalcoin platform will also create mobile apps and websites to serve the clients in a better way.https://drive.google.com/file/d/1eLVtfqfrWMsK2xeBfrm348ddqOlOWLF7/view. Loyalcoin can be used to redeem rewards from any participating merchants. Loyalcoin can be sent to and received from other customers. Loyalcoin can also be used as a mode of payment for a user preferred merchant and more. LoyalCoin will enable participants to spend their loyalty tokens outside of the company that provided them with loyalty tokens. This way, customers can use their points gathered in two different companies in the services of a third one, for instance, not only the rewards could be used universally, they can also be used as payments for other services. This has the potential to transform loyalty points in real currency to be used to buy products and services. The company behind LoyalCoin, is a Southeast Asian startup that has delivered and patented the first mobile based digital customer loyalty system in the Philippines in 2014.Since then, the company has launched digital customer loyalty solutions for dozens of merchants and companies, some involving global and market leading brands, for more than 2 million active loyalty program participants in the process. The loyalcoin will serve as a medium of exchange in the reward ecosystem. Loyalcoin is a digital asset on NEM blockchain.

Coin holders will be able to check their loyalcoin and transfer loyalcoin to other wallet addresses. Payment through loyalcoin is a one way thing, just a one scan process for participating retailers. A QR code will be printed or display on a tablet device. The customer just need to open their loyalcoin wallet app and scan the QR code to pay the bill in loyalcoin or other currencies both in fiat and virtual. Loyalcoin ecosystem has a LoyalWallet which is a mobile app that enables brands and consumers to store and use LYL to redeem rewards and buy items from all participating merchants (not just one). The LoyalWallet provides expanded features such as the conversion of LYL to other currencies. Recipients can even convert their rewards into fiat currencies and cryptocurrency counterparts, such as Bitcoin (BTC), Ether (ETH), and many others. This loyalwallet will enable sending and receiving payments to and from other Loyalwallet users, as well as from participating merchants and other companies who enabled the option to pay with LoyalCoin.
The loyalcoin token generation event (TGE) will be releasing 5billion tokens. Ninety five (95) percent of which will be distributed before and during the token generation Event. The remaining 5% will be used for promotional activities. The currencies that will be accepted during the token generation event are BTC, ETH and XEM. 1BTC is equivalent to 4700000LYL. 1ETH is equivalent to 220000LYL. 1XEM is equivalent to 250LYL. There is going to be a reward package plan for participants during the token generation event. During the TGE, if a participant contributes more than 4,500 XEM there is a 5% bonus, there is a 10% bonus for those who invest more than 7,000 XEM and finally a 15% bonus for those who invest more than 45,000 XEM. For those using Bitcoin, a contribution of 0.1BTC or more will attract 5% bonus of LYL. Contribution of 0.2BTC or more will attract 10% bonus of LYL. A purchase of 1BTC or more attracts 15% bonus of LYL. For those using ETHER, a contribution of 3ETH or more will attract a 5% bonus of LYL. A contribution of 5ETH or more will attract 10% bonus of LYL. A contribution of 30ETH or more will attract 15% bonus of LYL. The LYL token sale started since 11th of December, 2017 and will end on the 10th of January, 2018. Some of the upcoming programs of this platform are the launch of the loyalwallet and loyal coalition in the first quarter of 2018, the ramp-up of loyalcoin functions in the second quarter of 2018, finally the launch of payment gateways for digital channels and the launch of artificial
intelligence for loyal customers in the third quarter of 2018.


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