The e-commerce market is developing and increasing day by day - it is an obvious fact at this point. According to statistics, by 2021 it will be more than 4.4 trillion US dollars. There are more and more tools for instant exchange around the world and many other convenient, fast systems that modernize obsolete markets, introducing advanced modern developments. At the moment, blockchain is a leading technology in integration into the financial market and other branches of people’s everyday life. Thus, the blockchain protocols combined with the reward market make it possible to run as loyal system for users as it is only possible.
While the blockchain system allows distributing a register among the system’s participants, the technology of smart contracts takes on an effective management of the distribution of tokens, which were earned by the participants in the framework of this market. The combination of these technologies allows tokens to be easily circulated within Rewards system and represent a core value for each user.
In a general sense, Rewards system is a unique reward market operating in online mode which hosts a huge number of sellers and millions of buyers who get the access to different discounts, promotions, coupons, contests, various profitable offers and unique, quality products. Participants also have the opportunity to withdraw funds earned under Rewards from the system.
Various loyalty programs are now at the peak of popularity - they are used almost in all industries - from retail chains and public catering to medical care and air travel. Companies encourage their regular customers with various incentive bonuses in a non-cash form. Almost every person participates in a variety of such programs, however, the profit from them is usually minimal, and it takes time for users to participate in them. For convenience, there should be a relatively holistic system offering real benefits to its participants.
Each program offers different types of rewards - bonus points, cash, etc., which is not always convenient for a user and often remains simply unclaimed, and in connection with regularly changing rules it can have absolutely negative effect.
Rewards platform offers the best solutions for the existing problems in this market:
• The platform is ideally suited for incentive models and loyalty programs within any business;
• It is based on the blockchain technology and cryptocurrency, represented by its own token - RWRD;
• The creators believe that focusing power in the hands of consumers is the best option and makes the system global and accessible at the same time;
• Blockchain helps overcome all restrictions that separate sellers and buyers;
• Rewards allow consumers to use the received currency at their own discretion, not limiting the bonuses with a certain store;
• Buyers can make purchases both online and offline and spend the received tokens at their discretion within the platform;
• The market value of ecosystem tokens is transparent;
• Since it is possible to convert the token into fiat currency, the buyers are not limited by any time limits for withdrawal;
• The acquisition of popularity by the programs within the framework of the platform will lead to an increase in the cost of the token.
In total, Rewards issues 1,000,000,000 of its RWRD tokens based on the ERC-20 standard.
They will be distributed in accordance with the following plan:
• 40% - for sale;
• 20% - for public voting;
• 16% - for the founders and other team members;
• 16% - for bonuses and various promotions;
• 5% - for the advisers;
• 3% - for the Bounty and referral programs.
Thus, Rewards platform helps make the reward system for loyalty programs more profitable and transparent, encompassing many different areas that consumers demand. The possibilities of blockchain technologies and the use of cryptocurrency will make these programs more interesting and profitable, without the need for a complete revision of the existing financial infrastructure.
Website: https://rewardstoken.io/
White Paper: https://www.rewardstoken.io/wp-content/uploads/2018/04/White-Paper-2018-Rewards-final.pdf
Telegram: https://t.me/RewardsToken
Facebook: https://www.facebook.com/rewardstoken/
Twitter: https://twitter.com/rewardsdotcom
Medium: https://medium.com/@RewardsToken
ANN: https://bitcointalk.org/index.php?topic=3072984
Author: https://bitcointalk.org/index.php?action=profile;u=980049
ETH: 0x2010FD48B45bB8883e7575AF998e58914b39c01b