Introduction
Businesses employ various methods for retaining their consumer base which leads them to offer many rewards and schemes. The key player in between company and consumer is the product, which acts as a bridge. Companies know the customers love quality products at affordable price, and this is what leads to the mass adoption of a product. The scheme of Loyalty points or rewards and cashback is an old method to maintain your consumer base. According to an estimate presented by the Loyality360, the percentage of the Consumers participating in one loyalty program is 83 percent, while the percentage of the consumer participating in more than five loyalty schemes is 13%. We have seen hundreds of websites, and business offering a wide variety of cashback schemes from thousands of the international brands.
They have found the key to contain a consumer's changing behaviour by offering them Wide variety of cashback choices, and loyalty points of top brands. This sector has every category in it, food, marketing, entertainment, education, banking solutions or Auto, everyone is beneficiary of this set of schemes to maintain their consumer base. India is one of the leading countries in this domain, where multiple websites exist offering good deals to the consumers. Asian countries are making their way forward.
But, few of the problems exist in the sector which is making consumers inactive and discouraging them from using the cashback feature. The large and complex policies of the companies are making it difficult for the consumers. The points earned are forced to be spent on the limited choice of products on their company, which makes consumer irritated and confused. 57% of the cashback schemes and Loyalty points were termed as slow according to a report by COLLOQUY. The illiquidity of the programs is what makes the program discouraging.
A stable platform is required which creates a bridge between the companies, and the consumers offering the best cashback deals and loyalty points. It removes all the weaknesses of the current platform and integrates exciting features for the consumers.
Solution Offered
Benebit offers the capability of unique and instant payment of Cashback or loyalty rewards using the Blockchain technology. It removes the strict policy of limited withdrawal and provides access to multiple features using the Benebit Tokens (BNE). The token can be used to participate in the cashback marketplace which is safe, secure and transparent.
Multiple features of the platform make it unique and outstanding compared to other cashback platforms in the market. A few of the Top features are mentioned below.
- Multicurrency acceptance on the platform
- Benecard can be used for payment and earn cashback
- Low cost Of transaction for the businesses
- Point Of sale app for providing seamless services for users, merchants and businesses with a wealth of useful tools.
- QR Code capability for easier Payment
- Solution for In-game Points
- GPS-based Suggestions for the users to search nearby places
- Short Quizzes & Fun Fact quizzes which also helps users earn points
- Custom Deal Alerts and special offers for Inactive Consumers
- C2C Transactions with Milestone rewards
The Benebit has added the exciting features for the users as well as the businesses, and this makes it a platform to watch out for. The customization of the deals is a unique initiative by the platform to channelize the inactive members. They have utilised the capability of Blockchain technology which adds an element of trust and transparency to the platform.
ICO Information & Team
They need the public support to create this awesome application for everyone, and they have provided a unique opportunity through their ICO. A total of 300,000,000 tokens are issued in which 225,000,000 tokens will be available for public sale. The BNE token pre-ICO starts from 22 January 2018 and continues until 21 March 2018. The token is an ERC-20 standard while 1 ETH is equal to 3000 BNE. The main ICO Starts from the 25th March 2018 and continues until 30th April 2018. The funds collected will be utilized on the Marketing and Development & Support.
The team behind the Benebit is an experienced group of professionals who have decades of experience in the fields of Technology, business, marketing and Blockchain technology.
Conclusion
In the cashback and loyalty program what demotivates a consumer is lack of personalized Offers and slow process of earning a reward but Benebit has aimed to remove all such problems on its platforms. The Brand Loyalty Report 2017 finds that consumers are not satisfied with the current loyalty programs which lead them to become inactive even though they have signed for multiple Cashback programs.
We found a solution in the form of Benebit whose only aim is to provide the best deals to the consumer with an easy and fast processing of payments. I do not think there can be a better deal than this.
For more information visit:
Website: https://bitcointalk.org/index.php?action=profile;u=1027561
Whitepaper: https://benebit.io/storage/Whitepaper.pdf
Twitter: https://twitter.com/benebit_io
Facebook: https://www.facebook.com/benebitcommunity/
Published By: Kishan748
My Btalk Profile: https://bitcointalk.org/index.php?action=profile;u=1027561