I was thinking about the impact the QUINT will have on the BITSHARES network with the introduction of QUINT, QUINTS, IQUINT, IQUINTS.
At the company I work , I was thinking of the following scenario.
We offer loyalty rewards, like many companies. We have a gold, silver , platinum and diamond categories.
Most of what is offered in each class is not anything tangible. Just something to make people feel good.
The top 2 items do offer some monetary reward, but only if certain criteria are met.
(Today , most people can’t extract any value of loyalty points they earn.)
We have over 12 million customers.
What if a company such as ours offers loyalty rewards thru BITSHARES.
Our company could auto assign accounts to our 12 million customers or just create one corporate account and the
company would manage the distribution of tokens to the customer base.
Here is where it really gets interesting.
You could provide loyalty rewards to customers by giving them QUINTS(silver) or QUINT.
You can let the customer choose which token to accumulate !!
At any time the customer could cash these in for real gold and silver(mailed directly to them), cash in for a monetary reward ,
exchange for another cryptocurrency or actually send to another friend or account.
Customers could also send this to a debit card and spend it on something they find of value.
How great is that !!!
True value from all loyalty programs by using the QUINT and BITSHARES
I would think the folks issuing the QUINT will someday issue Platinum - QUINTP.
Would just need someone to issue a DIAMOND option to match what most companies offer in their loyalty reward programs.
This loyalty program could be implemented by all companies around the world .
The tokens could sit on top of the QUINTs .
For example , you could have an Amazon Loyalty token and it would be backed by the QUINT.
This is HUGE !!!
All other ideas and suggestions are welcome.