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alloy_token
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October 11, 2017, 09:20:25 AM |
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But is ALLOY a new coin, with its own blockchain?
Hello No, it is ERC20 token on Ethereum blockchain. Please be more attentive and check first page carefully, all information you can find also on web page and whitepaper. All links are on a 1st page of this thread. Thank you for your time Are brands required to also join the rewards network of they just want to offer their services up for redemptions? Its optional, Brands can only be part of Redemption or participate in the other side of the Rewards Network too. Best, Vijay Alloy Team |
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Retired (OP)
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October 11, 2017, 09:23:59 AM |
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But is ALLOY a new coin, with its own blockchain?
Hello No, it is ERC20 token on Ethereum blockchain. Please be more attentive and check first page carefully, all information you can find also on web page and whitepaper. All links are on a 1st page of this thread. Thank you for your time Are brands required to also join the rewards network of they just want to offer their services up for redemptions? They don't have to. If they prefer to just be in the redemption program they will be able to as well. |
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poordeveloper
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October 11, 2017, 09:32:43 AM |
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Will every business be able to set a different reward points - ALLOY ratio?
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sabbathhawk
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October 11, 2017, 10:02:56 AM |
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Will every business be able to set a different reward points - ALLOY ratio?
Yes, exactly! Each company decides for itself the exchange rate of their bonuses/rewards points to ALLOY token. Business is totally free here, can easily access and quit Rewards Network at any moment |
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poordeveloper
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October 11, 2017, 11:00:36 AM |
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Will every business be able to set a different reward points - ALLOY ratio?
Yes, exactly! Each company decides for itself the exchange rate of their bonuses/rewards points to ALLOY token. Business is totally free here, can easily access and quit Rewards Network at any moment Then I don't see how can any company not have interest in joining the rewards network. It's free advertising, higher average order value and they can offer any amount their budget allows per reward point. Is the integration process for merchants difficult? |
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prehisto
Full Member
 Offline
Activity: 882
Merit: 112
Your Data Belongs To You
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October 11, 2017, 11:04:46 AM |
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On first sight it seems a good idea!
But I think there is a big problem.
The brands shop and vendors do make their offers in such way that they have restrictions. These restrictions at least partly are made to make customers buy more merchandise in order to use reward points thus i dont believe that big companies will be interested on participating. Because 360bn which are not redeemed is money which is not lost by companies.
Also PayPal backing caught my eye. This is a red flag for me in block chain community. Although I think there should be block-chain payment platform with buyer/seller protection. PayPal is something that have made my life very difficult because of their 0 tolerance policy regarding various matters and I hope block-chain will make a big dent in PayPal business some day.
Hi There are three sources you gain points, one is Brands, Banks & Credit cards & Apps/Websites the system address all the above. Banks & credit card comapnies spend a lot of money in maintaining and running a catalog for redemptions to make their customers happy and this becomes an ease of access for the. APPs and game give you virtual tokens and even they are exploring real world rewards to make the users engaged more, but sine it is not their core business to run a eco-system for redemption, ALLOY is an interesting space for them to partner. Larger companies have known to participate in Coalition program (Airmiles - Canada, OK Cashbag - Korea, Nectar - UK, Plenti - USA), the main reason for it is when the reward points are issued it is an liability on their books and it need to taken off from onetime customers (This forms 75% of the total reward points issued) and Coalition has a upto 80% market penetration in all the geographies mentioned above and the reason for that is points flow and don't stay idle resulting in win-win driving business and satisfaction. The idea for any reward program is to make the users see value either within the store or external so the customer keeps coming back. PayPal has incubated our startup since 2016 when we were offering Loyalty, CRM, gamification, Referral, systems for retail vendors, they also have plan for reward programs for their merchants but the distributed nature of their 17mn merchants makes it impossible to run a large scalehandshake, here is where they found the platform pretty interesting to explore only on the reward point redemption and listing of their Merchants on the platform for visibility . Best, Vijay Team ALLOY I have to say that you have some good arguments and right now I am becoming interested and will have to read more about your project. Always good to have constructive discussion. Thank for your extensive reply. |
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poordeveloper
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October 11, 2017, 03:44:11 PM |
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The Pre-ICO starts in less than 4 days. Do you have everything ready for the launch? |
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ICOs
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October 11, 2017, 05:33:49 PM |
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But is ALLOY a new coin, with its own blockchain?
Hello No, it is ERC20 token on Ethereum blockchain. Please be more attentive and check first page carefully, all information you can find also on web page and whitepaper. All links are on a 1st page of this thread. Thank you for your time Are brands required to also join the rewards network of they just want to offer their services up for redemptions? Its optional, Brands can only be part of Redemption or participate in the other side of the Rewards Network too. Best, Vijay Alloy Team Will rewards be both services and products ? Can I order rewards from foreign companies or only from those in my country ? |
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Warfare
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October 11, 2017, 05:48:28 PM |
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But is ALLOY a new coin, with its own blockchain?
Hello No, it is ERC20 token on Ethereum blockchain. Please be more attentive and check first page carefully, all information you can find also on web page and whitepaper. All links are on a 1st page of this thread. Thank you for your time Are brands required to also join the rewards network of they just want to offer their services up for redemptions? Its optional, Brands can only be part of Redemption or participate in the other side of the Rewards Network too. Best, Vijay Alloy Team Will rewards be both services and products ? Can I order rewards from foreign companies or only from those in my country ? I'm interested to know this as well. |
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Retired (OP)
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October 11, 2017, 05:52:10 PM |
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Rewards will be both services and products.
You will be able to order rewards from companies located anywhere in the world.
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ICOs
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October 11, 2017, 07:25:03 PM |
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How often will we be able to redeem rewards?
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FruitsBasket
Legendary
Offline
Activity: 1232
Merit: 1017
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October 11, 2017, 07:30:38 PM |
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How often will we be able to redeem rewards?
I think you can redeem your reward every time you have atleast the minium amount to be able to withdraw your Alloy tokens. I hope that they make the minium amount to withdraw very small, so we don't have to spare months to withdraw our earned Alloy tokens. One thing that bothers me is the fees that the exchanges have these days, and also the fee when u send a transaction. There need to be a way to make it 0 costs. Like having an own exchange that asks 0 commision for trading and mayby a coin on another platform that is hosted by the team, and other full nodes that get rewards for keeping the platform alive. It would mean that the project needs to change alot, but I think that is a very nice improvment. |
fck@dt-alwayzz_newbz
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Huxleyfree
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October 11, 2017, 08:33:40 PM |
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Rewards will be both services and products.
You will be able to order rewards from companies located anywhere in the world.
And there will be a reward cathalog? |
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Retired (OP)
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October 11, 2017, 09:34:39 PM |
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Rewards will be both services and products.
You will be able to order rewards from companies located anywhere in the world.
And there will be a reward cathalog? Of course, clients will be able to browse the ALLOY rewards catalog to choose the product or service they want to exchange their ALLOYs for. |
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images
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October 12, 2017, 12:44:01 AM |
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We have no reason to not participate at this great project
Backed by paypal and supported by codemojo it's very good
3days left for preICO can't wait for that moment
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sabbathhawk
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October 12, 2017, 07:34:09 AM |
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We have no reason to not participate at this great project
Backed by paypal and supported by codemojo it's very good
3days left for preICO can't wait for that moment
Thank you for support! Totally agree with you! Do not miss it! Those who will not participate now will regret it later. Spread the word |
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Retired (OP)
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October 12, 2017, 09:30:46 AM |
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ICOs
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October 12, 2017, 01:18:32 PM |
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How often will we be able to redeem rewards?
I think you can redeem your reward every time you have atleast the minium amount to be able to withdraw your Alloy tokens. I hope that they make the minium amount to withdraw very small, so we don't have to spare months to withdraw our earned Alloy tokens. One thing that bothers me is the fees that the exchanges have these days, and also the fee when u send a transaction. There need to be a way to make it 0 costs. Like having an own exchange that asks 0 commision for trading and mayby a coin on another platform that is hosted by the team, and other full nodes that get rewards for keeping the platform alive. It would mean that the project needs to change alot, but I think that is a very nice improvment. That would be an awesome idea. You are right, exchanges charge too much for withdrawals and having their own exchange (in addition to being listed in big exchanges) would solve this. |
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kellendil
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October 12, 2017, 01:52:41 PM |
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Hello dev,
Are there any demo applications about the project ? In the Turkish forum there came a question about this. I wanted to get clear information from you.
Regards.
Do you mean working versions? Or potential future applications? I am talking about working versions. Having at least a beta version has a very positive effect on the investor. Is there such a thing you know? |
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