The blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving on to today's proposed topic... On the one hand, current loyalty programs trap their customers by not offering them any exchange option. On the other hand, loyalty in itself is related to high customer acquisition costs for brands. In addition, the loyalty landscape is characterized by low levels of commitment and redemption, operating risks and inefficiencies inherent in loyalty programs, and a highly fragmented market with a large number of loyalty programs.For this reason, I want to introduce you Qiibee (QBX) (https://qiibee.com/), the blockchain-based application that is revolutionizing the loyalty market by offering a blockchain-based loyalty ecosystem, on which every brand can build its very own loyalty application.
As I said before, Qiibee (QBX) (https://qiibee.com/) revolutionizing the loyalty market by offering a blockchain-based loyalty ecosystem, on which every brand can build its very own loyalty application.
The idea continues to be to encourage brands to build their programs on the same foundations, thus making it possible for brands and customers to relate to each other throughout the ecosystem. With this ecosystem, quiibee is addressing the problems that prevail in the current loyalty market, which have already been explained above.
The main objective of qiibee is to establish a loyalty ecosystem for hundreds of brands that serve thousands of clients helping to execute their loyalty programs in the blockchain. Basically, its objective is to offer brands and customers the possibility to participate easily in blockchain technology, directly and indirectly, without the need for costly integration for brands or an initial investment for customers.
To make platform possible, qiibee team has created ÐApps. Firstly, what is a ÐApp? A ÐApp is a decentralized application, i.e. an app that does not depend on a central system, but on the community of users that use it. The decentralized application can be a mobile app or a web application that interacts with a smart contract to perform its function. If we remember briefly what was an intelligent contract or smart contract, we will say that it is a computer program that runs itself when the conditions that were programmed in its code are fulfilled. To make it clear, I put it below a comparative between Apps and ÐApps.
App Architecture ÐApp Architecture
The qiibee application is one of the ways in which our loyal customers can interact with our protocol. It would be the "gateway" for customers to experience the whole qiibee ecosystem:
- Customers only need to create a wallet once, which can be used for all loyalty programs.
- All collected loyalty tokens will be displayed in the summary section. Information on ecosystems
- The user will obtain additional information about new and ongoing loyalty programs within the qiibee ecosystem.
- The user can see the development of the value of the portfolio of tokens in tokens qiibee (QBX), FIAT and other cryptocurrencies.
Benefits and Techs
The qiibee protocol provides a reliable, secure and demonstrable way of issuing loyalty tokens backed by a cryptographic asset through different blockchains. It also guarantees liquidity by allowing easy redemption, traceability and exit options. One of the main responsibilities of the protocol is to establish communication between the public chain Ethereum and one or more different loyalty block chains, which can guarantee a cryptographically secure release. The qiibee protocol is, therefore, agnostic to the blockchain, since it does not depend on a particular blockchain.
The key components of the LoyaltyToken Protocol are the loyal customers, real value, usability, freedom Decentralized Loyalty Apps, brands can build Dapps for qiibee-based loyalty tokens: Plug & Play, Higher engagement, Remove liability, cost and risk, Software Development Kit, Web wallet and dashboards for loyalty token transparency, Blockchain Plug & Play, LoyaltyToken protocol, smart contracts for minting, staking, exchanging and transferring of loyalty tokens.
In the case of brands, the high costs of customer acquisition, the low level of commitment and redemption, the high outstanding obligations and operational risks and inefficiencies prevent the success of the commitment to customers. For customers, the fragmentation of the loyalty market, the "lock-in" effect and the low usability of the points, the lack of real value of the points collected, as well as the absence of ownership of personal data, make that it is less desirable to be active in loyalty programs.
The project gives the opportunity to earn Qiibee (QBX) tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk Webpage. Here (https://bitcointalk.org/index.php?topic=4598098.0) you can access the link in order to see what are the conditions to become an early QBX contributor and start acquiring tokens. It is also a referral campaign. Doesn't that shttps://static.qiibee.com/qiibee-White-Paper.pdf). You can also stay tuned in their official Telegram group (https://t.me/qiibee%20x). I hope you liked the post and soon I'll send you new ones.
Date Events 2015 - 2016 Our journey started with our own off-chain loyalty app. 35m Data sets created. 100k Active users. 6m Customer activities. 900 Brand partners. 2017 Made strategic decision to build loyalty on the blockchain based on learnings from off-chain app. Created smart contracts on Ethereum and published white paper. Q1 2018 Closed our seed round with approx. 3.2m USD. Invested in team expansion, product development and brand acquisition. Q2 2018 Conducted 2 brand roll-outs in 7 countries reaching 2m customers. Opened crowd sale to fund the qiibee journey. Q3 2018 Publish our developer kit, exchange and transfer functionalities. Onboarding of 6 more brands to the qiibee ecosystem. Q4 2018 Conduct loyalty on the blockchain conference and hackathon. Onboarding of 9 more brands to the qiibee ecosystem.
The LoyaltyToken Protocol has been developed to offer brands an easy and secure way to issue their own loyalty token in the block chain. By storing the reward and exchange transactions in the block chain, companies issue real value tokens that can be combined and negotiated.
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71