Solving the issue of loyalty points’ functionality
A loyalty scheme offering crypto is so much more functional than one that offers reward points. There are the 2 major advantages of crypto over points: its value and its use.
- Value
Virtually all conventional loyalty reward schemes available offer points which have no value in and of themselves. What this means is that you can earn as many points as you want but whoever the provider of those points is completely decides the value of those points — you have no control. The crypto alternative that Koin Rewards offers is so much better; the market governs the value of Koin, like any other currency, not the provider of Koin, nor any other body. This gives you, the consumer, much more control because you can buy, sell, and cash-in Koin whenever its value suits you.
2.Use
Most reward schemes only allow point redemption at a very small selection of retailers at best, usually only one. Whether it be a stamp card at the coffee shop or airmiles, there are very limited options for redemption of loyalty points. Koin Rewards, again, provides the alternative. There is currently a substantial coalition of retailers being assembled at which shoppers can redeem Koin for meaningful discounts online and instore. Koin can also be traded on cryptocurrency exchanges giving customers further control.
