Rewardstoken.ico is an established leader in consumer loyalty and rewards marketing and company are expanding the presence by creating a universal loyalty program powered by blockchain technology. The mission of this new program is to take cryptocurrency mainstream and give the power of loyalty back to the customer.
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Company name – Rewardstoken
Tokens – 200,000,000
Minimum purchase amount – 2ETH
Hard cap – 75,000 ETH
Soft cap – 3,000 ETH
1 ETH equal – 1,430 RWRD
This does not help the rewards provider or promote loyalty. In addition, it is almost impossible to determine the true value of a point, because program rules are constantly being changed. Because points are a growing liability on corporation’s books, corporations and program sponsors try to expire, complicate, and devalue the points as much as possible. This creates a conflict in driving true customer loyalty. Customers may feel rewarded when they earn a point, but they certainly don’t when they try to redeem them.
Challenges faced by businesses seeking to implement reward programs include:
• Declining consumer engagement as demonstrated by unredeemed points.
• Increasing financial liability of unredeemed points.
• Growing consumer privacy challenges.
• Rising management and administrative costs.
Rewardstoken.io are the single marketplace that brings together over 100,000,000 products and 7000 existing merchant relationships with restaurants, retail, entertainment, travel and more that allows customers to earn and use RWRD token. The platform will allow users to shop online or in-store to receive company. Those RWRD tokens can then be used to make additional purchases clothes, food, book travel, buy gift cards or even toothpaste. Rewardstoken.io ecosystem will provide a fully transparent market value for its tokens based on consumer engagement and behavior in the large rewards ecosystem. Since the rewards token can be converted to cash for presentation and processing upon redemption, consumers redeeming tokens are not limited by point restrictions, blackout periods and peak payment times.
The Marketplace is made up of thousands of merchants, discounts, coupons, contests, products and millions of shoppers. Just like any other loyalty program, when a consumer shop they earn, in company case Rewardstoken.io.Those tokens can then be redeemed for virtually anything. Not only that, but Rewards members also receive exclusive offers and access to tickets and products before they go on sale to the public. They can also take advantage of discounts and participate in fun contests and sweepstakes. Because a company is placing the rewards directly into the hands of the consumer this will bring more value to customers and business, which will allow them to be spent easily across a range of merchants and services anywhere in the world and ultimately making loyalty a truly fun, easy and valuable experience.
The Rewards.com platform will allow consumers to earn Rewardstoken as a reward for activity, thereby driving traffic to company merchant partners for consumer everyday purchases. Earned RWRD tokens can be used almost anywhere or traded on the exchange.
Through the mobile payment app, the rewards token will use the established merchant payment processing structures to enable the use of the rewards tokens in various locations. For example, a customer may buy a set of tires for which he earns Rewardstoken.io. He can then stop by his favorite restaurant and pay for dinner with a company he just earned from buying tires.
This will be done by simply:
1) Opening the Rewards mobile payment app and entering the amount to pay
2) Presenting the barcode that pops up on the screen to the cashier.
Fast, reliable and simple – just what the loyalty world needs!
When Rewards.com need to add tokens to a user’s account, Rewardstoken.io will buy the needed RWRD tokens from the open market of available tokens to fulfill the consumer’s earning at the current market rate. Rewards are funded by merchant partners and are passed on to the consumers. Instead of cash back or points, the consumer earns Rewardstoken.io. Bonus and promotions The rewards token ecosystem will also feature a bonus and promotion pool of tokens that will be used to support contests, special incentives, referral bounties and new registrations. Such tokens can only be distributed to registered Rewards consumers to ensure that tokens are used to support the overall community.
The planned soft cap for the ICO is set at 3,000 ETH with a hard cap of 75,000 ETH. When this cap is reached the distribution will end. Any remaining Rewardstoken left unsold at the completion of the ICO will be burnt. At the completion of each distribution, contributors will be granted rewards tokens at the exchange rate as determined by the value of the contributions. The current exchange rate is 1 ETH is equal to 1,430 Rewardstoken. Users must list an ERC-20 compatible wallet such as My Ethereum Wallet in order to receive their platform which will be distributed after the purchase. Users may also be required to provide additional information and documentation to verify their identity as part of the process. Rewards.com reserves the right to reject a potential company purchaser.
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As of the date of publication of this whitepaper, Rewardstoken has no known potential uses outside of the Rewards platform ecosystem and are not permitted to be sold or otherwise traded on third-party exchanges. This company does not constitute advice nor a recommendation by Rewards.com, its officers, directors, managers, employees, agents, advisors or consultants, or any other person to any recipient of this document on the merits of the participation in the Token Sale. Participation in the Token Sale carries substantial risk and may involve special risks that could lead to a loss of all or a substantial portion of such an investment. Do not participate in the Token Sale unless you are prepared to lose the entire amount you allocated to purchasing RWRD Tokens. Rewardstoken.io should not be acquired for speculative or investment purposes with the expectation of making a profit or immediate resale.
Written authorization is required for distribution of any or all parts contained herein. All information here that is forward-looking is speculative in nature and may change in response to numerous outside forces, including technological innovations, regulatory factors and/or currency fluctuations, including but not limited to the market value of cryptocurrencies.
- Andriy Zinchuk – Krypton Capital
- Bob McDermand – Crypto Investor & Entrepreneur
- Denis O’Neil – Coordinator
- Dominik Zynis – Wings
- Frideric Prandecki – Bob’s Repair
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