[ICO ENDED][TOKEN IN TRADE] TokenLoyalty.io - Bounties in real world

[gregory51gosh]

Q: Sure token loyalty is an extraordinary but it may be difficult to convince company to buy tokens for their loyalty program. First reason is it is unusual, then company still have to explain about how its work for their customers. Whereas company did not need to do that if they using "old system". In the customers side this is may be a new things to 'accept'.

A: There are solutions like Lioness basing on “charge-back” model. Also there are known some simple solutions to use the token as loyalty point. However, our business model was discussed with entities and bases on unique “nominal” and “added” value. For our partners most important is control of the budget and integration of marketing solution, social mechanics and loyalty program itself. Our advantage is that we can treat token users as leads for the campaigns, while preserving their anonymity. This is unique. Most of the loyalty campaigns are treated as cost, because each cost of user is approximately 5-60 USD per person. That is why most of such program base on trade of data of the user. We want to change that. But for this was required a win-win strategy. We will offer a marketing tool to ENGAGE users of the token as community in life of the brand (gamification mechanics), but users will be paid with tokens and the added value, depending on the campaign (for example discount codes or free gifts). That is why we call it “pay for the effort”. But in this model, it does not state a cost for the merchant, because he receives an added value, for example – one customer can generate 3-10 more customers, which gives ROI for the marketing campaign. We do not want to show all the cards during ICO, as there is a slight risk that competition may copy the model. In talks with merchants there has to be a proof of concept – that is why we plan initial campaign (2-5) basing on the model. When the community grows, it we will be more and more attractive each time, because ANY MERCHANTS creates BIGGER ENVIRONMENT, so entry costs (barriers for campaigns creation) are lowered each time.

[loopes]

Q: Sure token loyalty is an extraordinary but it may be difficult to convince company to buy tokens for their loyalty program. First reason is it is unusual, then company still have to explain about how its work for their customers. Whereas company did not need to do that if they using "old system". In the customers side this is may be a new things to 'accept'.

A: There are solutions like Lioness basing on “charge-back” model. Also there are known some simple solutions to use the token as loyalty point. However, our business model was discussed with entities and bases on unique “nominal” and “added” value. For our partners most important is control of the budget and integration of marketing solution, social mechanics and loyalty program itself. Our advantage is that we can treat token users as leads for the campaigns, while preserving their anonymity. This is unique. Most of the loyalty campaigns are treated as cost, because each cost of user is approximately 5-60 USD per person. That is why most of such program base on trade of data of the user. We want to change that. But for this was required a win-win strategy. We will offer a marketing tool to ENGAGE users of the token as community in life of the brand (gamification mechanics), but users will be paid with tokens and the added value, depending on the campaign (for example discount codes or free gifts). That is why we call it “pay for the effort”. But in this model, it does not state a cost for the merchant, because he receives an added value, for example – one customer can generate 3-10 more customers, which gives ROI for the marketing campaign. We do not want to show all the cards during ICO, as there is a slight risk that competition may copy the model. In talks with merchants there has to be a proof of concept – that is why we plan initial campaign (2-5) basing on the model. When the community grows, it we will be more and more attractive each time, because ANY MERCHANTS creates BIGGER ENVIRONMENT, so entry costs (barriers for campaigns creation) are lowered each time.

Very good concept of new standard for loyalty program. I am sure that this project will be great in the near future.

[loopes]

how can I earn?

hello sliwka1980 thanks for your interest to our project. you can earn LYT through 2 ways :

1. participate in ICO. token loyalty planned date to start ICO on November. just wait for fixed information by Dev.
2. join to our airdrop. team of token loyalty will be held an airdrop in the near future, please keep an eye to our ANN Thread to get information about airdrop.

very glad to see that you are interested to Token Loyalty. After you earn and then hold LYT for many benefits because if you hold your LYT, your LYT could be as ticket to join campaigns and your token is not only have nominal value but also have added value (the one related to campaigns, like gifts, groceries, discounts, anything)

[Awesomist]

Is there going to be any external exchange to trade the tokens or you will focus only on DEX at the beginning?

[loopes]

Is there going to be any external exchange to trade the tokens or you will focus only on DEX at the beginning?

yes LYT will be listed in another exchange site after ICO. LYT token only available on DEX while ICO. but We are negotiating with polish exchange bitmarket.net to implement Waves and our token. We are also talking to English entity. Most of the exchanges list the tokens for an installation fee of 2-3 BTC, so some part of the budget may be used to list on selected exchanges, depends on the liquidity. The higher amount of user, the higher will be liquidity, which makes the token to be attractive to be listed.

thank you for your good question. feel free to anyone who want to ask somethings about TokenLoyalty

[gregory51gosh]

Added value of token is represented in the campaigns. It is the thing that is given by the merchant as bonus.

Example USE CASES - It is best shown on examples:


Example campaign 0   Example: token as money

Bonus card:
You have a Bonus Card that is integrated with payment card. While purchasing goods you just collect tokens on it. You can do anything with them thanks to integration of our system with payment processor (use the Bonus Card as payment card).

Application:
You can collect points and make transactions through NFC protocol

Example campaign 1   Token as money

Under the bottle cap of Soda Drink is a code for registration on the LYT your life platform. You enter the code and receive 1 LYT equal to 300 campaign points (CP) or 40 cents. You can sell the token on exchanges or collect more tokens. After collection of 1500 CP (=5 tokens) you can exchange it into coffee. This means you bought coffee for 2USD, while normally it costs 3.75. You could also sell the tokens to get only 2USD.

Example campaign 2   Example: token as a proof of participation

You lock your token into campaign receiving a special coupon code for 10% discount in Example Network Shops to buy anything you want. This coupon is valid for 1 day. After it is released and campaign is locked/finished (so the token proves that you are a participant of the campaign, not a ghost).

Example campaign 3   Example: token socialization

You enter initial campaign that gives tokens for invitation of friends into the campaign. You receive the tokens (you are payed for the leads – this is so called in marketing) together with a special bonus (20 days access to music platform), while your friends receive 10 day access each (but without tokens).

Example campaign 4   Example: socialization as group purchase

You and your friends (7 friends) refuel your car on a Specified Gas Station that has open loyalty program. But you do it rather not so often. You have collected 100 LYT, but together with your friends you have collected totally 1230 LYT. At the present nominal value it is 492 USD. You can cash-out. Or You can buy a huge group dinner for 8 people in a restaurants that has another open campaign that uses tokens (for example the campaign offers such dinner for 200 LYTs).

Example campaign 5   Example: just earn in campaigns like bounties

Collect tokens in any campaign you want and then exchange it or trade with token on exchanges.

[gregory51gosh]

interesting project, looks promising interesting to follow. there's any bounty campaign?

Yes, there is info about bounty campaign here: https://www.tokenloyalty.io/files/BountiesProgram.pdf

We are now looking mostly for translations (some are reserved - for such reservation please contact us at support@tokenloyalty.io or with loopes).

Also we are looking for bounty hunters for some other things as described in the doc.

What you be interested in?

[gregory51gosh]

Campaigns as a service

The whole ecosystem of the project will be decentralized, however, over the ecosystem there is always something like an overlay required for the communication (example: overlay for exchange of crypto or communication between ICO participants, etc.). Someone also has to realize the idea in form of a team, a structure. That is why we will form a company. Decentralized Loyalty company will be based on the marketing agency model, together with an idea of loyalty points operator. What does it mean? This means that we will operate like a marketing agency in communication between merchants and participants of the campaigns in cases that are not automated on the platform. The difference is that loyalty points will be based on blockchain in form of tokens, which gives a decentralized model for their distribution and maintenance, as well as usage (o this is free for merchants as “no entry costs”). However, our company will be the consulting agency in relation to the campaign issuer, which gives ability to earn on such services additionally (for example complex or mixed campaigns over the network, connecting 10 or more partners, etc.).
Such approach of “campaign as a service” gives more elasticity for scaling to new countries and areas and its potential will grow together with the increase of the network.
What is the best example to compare the model? In ads based on words from the most common supplier, merchants pay for the effect in form of CPC or CPV, etc. In our case, merchant will pay for the desired effect – to give the prize to new or existing customer to sustain loyalty, including our commission for the company for further development. This is called sometimes as Lead generation model.

[loopes]

Token Loyalty proudly presents their promotional video on YouTube.






Feel free to ask any questions related to the project and team.

[gregory51gosh]

Airdrop is coming!

[gregory51gosh]

Airdrop will be done not later than 28th of Oct, for WCT holers (WCT>10) -> Airdrop of 70000 tokens.

Please, observe here:

https://wavesexplorer.com/address/3PEPxx7jAwZHU9YtzH2ABhN1W8dRGY2hgqP

70000 tokens will be sent to hawky's (Marc Jansen - WavesGo admin) address to prepare the airdrop.

[gregory51gosh]

yep, we're doing it right.  

[gregory51gosh]

 


Tokens sent to node for Airdrop!

Airdrop will be done tomorrow - approx. 10-12 AM CET.

[loopes]

Tokens sent to node for Airdrop!

Airdrop will be done tomorrow - approx. 10-12 AM CET.

TX ID: HHzXNz6e7gW3EvpwKRrR6PrDaLQZDs16HuQvB61xb8rG | TYPE: Outgoing Transfer | DATE: 23/10/2017 19:59:44 | SENDER ADDRESS: 3PEPxx7jAwZHU9YtzH2ABhN1W8dRGY2hgqP | TX AMOUNT: 70000.00000000 tokenloyalty.io | RECIPIENT ADDRESS: 3P2HNUd5VUPLMQkJmctTPEeeHumiPN2GkTb | TX FEE: 0.001 Waves | ATTACHMENT: 6nYzpCRrmrM6M4iHvmovs5MEsT6FqX7FUerE3nMATeicmTmHDBGvXDD

AIRDROP

[Awesomist]

So I need to have at least 10 WCT before noon?

[loopes]

So I need to have at least 10 WCT before noon?

you need WCT > 10

Airdrop will be done not later than 28th of Oct, for WCT holders (WCT>10) -> Airdrop of 70000 tokens.

Please, observe here:

https://wavesexplorer.com/address/3PEPxx7jAwZHU9YtzH2ABhN1W8dRGY2hgqP

70000 tokens will be sent to hawky's (Marc Jansen - WavesGo admin) address to prepare the airdrop.

[loopes]

So I need to have at least 10 WCT before noon?

Hi Awesomist i see you are interested for airdrop of Token Loyalty. You need to have more than 10 WCT. Just for your information Airdrop is planned approximately  at 11 AM cet (GMT + 2) on waves platform. so please hold WCT > 10 to receive tokens.

[gregory51gosh]

The main difference of our token is that it will represent the added value. Not only the value that is in trade. Also value originating from campaigns, from merchants.  The revolution is by bringing the decentralization model and connecting gamification marketing with real loyalty, connecting needs of customers (money!) and merchants (profit!), as well introduction cryptocurrency to the loyalty programs. This will be achieved through gamification mechanisms, advanced programming of the Ed(p) (demand elasticity for products through creation of loyalty to goods of specified brand) and socialization that brings the new role of recommendations.

[gregory51gosh]

You can check airdrop distribution here: https://wavesexplorer.com/address/3P2HNUd5VUPLMQkJmctTPEeeHumiPN2GkTb

[Avugara]

this airdrop should be made fair to all