Cryptocurrency is slowly becoming a part of everybody's live within the sphere. It has come a long way since it was invented. Blockchain is slowly evolving the world we live in and it is surely the next step of evolution mankind and fiat currency will ever take.
How it Works?
By storing the reward and redemption transactions on the blockchain, businesses issue real valued tokens that can be combined and traded - Loyalty tokens
Problems to Solve:
For brands, loyalty is a tricky game.
According to Reuters & Affinity Capital Exchange (2017), an estimated USD 500 billion in points are left unredeemed by members: This figure clearly shows that brands have to make their programs more effective to really drive customer behavior. While loyalty programs have become fairly common, at the same time, customers increasingly expect more personalized and shared interactions across brands’ loyalty programs, which makes it essential for brands to rethink their loyalty strategies (Bond Brand Loyalty, 2017, p.2). What makes it so hard for brands to successfully navigate the loyalty landscape? First, loyalty in itself is connected with high customer acquisition costs for the brands. Not only are loyalty programs expensive to set up, but it is difficult to attract new customers by means of a loyalty program. In general, customers are reluctant to sign up for a new loyalty program since the value added is not always immediately
apparent and there is a vast amount of programs available.
Loyal customers on the other hand have a hard time in today’s loyalty market.\
First, it is a highly fragmented market with a large number of loyalty programs available, making it more difficult for customers to pick the most suitable program. Customers face a personal barrier to sign up and actually use the programs.
The LoyaltyToken Protocol
The qiibee protocol provides a trustless, secure and provable manner for issuing loyalty tokens backed by a crypto asset across different blockchains. It also guarantees liquidity by allowing easy redemption, tradability and exit options.
The key components of the LoyaltyToken Protocol
Loyal customers
Real value, usability, freedom
Decentralized Loyalty Apps
Brands can build DAPPs for qiibee-based loyalty tokens
Software Development Kit
Web wallet and dashboards for loyalty token transparency
Blockchain Plug & Play
LoyaltyToken protocol, smart contracts for minting, staking, exchanging and transferring of loyalty tokens
Brands benefit from the following perks when using our LoyaltyToken Protocol
Plug & Play
Connect to our ecosystem and launch your token
Engaged customers
Higher engagement and customer lifetime value
Remove liability
Real value tokens free up your balance sheet
Remove cost
Blockchain technology is very efficient and secure
Token Metrics;
We believe it is extremely important to give participants of our Token Sale a deep understanding of the economics of the qiibee token, QBX.
By structuring the use cases and lifecycle of QBX, demand from agencies, loyalty system providers, brands, merchants and loyal customers to use loyalty tokens is directly translated into demand for QBX on public exchanges.
We developed the LoyaltyToken Protocol to give brands an easy and secure way to issue their own loyalty token on the blockchain. The purpose of qiibee’s Token Generation Event, TGE, is to provide all newly issued loyalty tokens with a real-value backing – the qiibee token QBX. In January 2018, we successfully closed our Seed Round of USD 3m soft cap and have already demonstrated product-market fit with our first rollouts in Q2 2018. We welcome further strategic partners and contributors in a first step with a Private Sale. In a second step, QBX, will be distributed in an open Crowd Sale to the broad community and users of qiibee.
The Private Sale now targets:
(1) Loyalty Shapers, such as marketing agencies, brands and loyalty system
providers which will use the qiibee ecosystem for their own projects and spur the
adoption of qiibee
(2) Private Sale contributors which offer a strategic impact and are willing to go
the extra mile together with qiibee
In a third part, the Crowd Sale will allow anyone to be part of the qiibee community and
will help to grow qiibee and its fellowship.
Key figures of the QBX TGE
Seed Round ≈ 8.4% 0.00005 65’000’000 ≈ 3.25
Private Sale ≈ 32.3%
≈ 0.000074 (Loyalty
Shapers)
≈ 0.000077 (Private
Contrib.)
≈ 250’000’000 ≈ 20.00
Crowd Sale ≈ 10.3% 0.00010 ≈ 80’000’000 ≈ 8.00
TOTAL TGE 51.0% ≈ 395’000’000 ≈ 31.25
Ecosystem 30.0% ≈ 232’352’941
Team & Early
Contributors
14.0% ≈ 108’431’373
Bounty &
Partners
5.0% ≈ 38’725’490
TOTAL 100.0% ≈ 774’509’804
To know more about QiiBee Platform,
You can visit the following;
Website - https://qiibee.com/
Whitepaper - https://static.qiibee.com/qiibee-White-Paper.pdf
Telegram - https://t.me/qiibee
Twitter - https://twitter.com/qiibee?lang=en
Facebook - https://www.facebook.com/qiibee/
Instagram - https://www.instagram.com/qiibee/
Linkedin - https://www.linkedin.com/company/qiibee-ag
Reddit - https://www.reddit.com/user/qiibee
Written by;
Bitcointalk Profile - i7claufe
Bitcointalk Profile URL - https://bitcointalk.org/index.php?action=profile;u=1719874
ETH Address - 0xc38a4feFC0D2B94686F4E512952e8FB985FeA1B0
Hi! I am a robot. I just upvoted you! Readers might be interested in similar content by the same author:
https://steemit.com/blockchain/@yuchristhalie/loyalty-on-the-blockchain-qiibee-platform
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit