The RAIN Token has been created to carry out a transfer mechanism on the RainCheck Commerce
Platform. This token is based on the Stellar protocol, which was specially designed to enable micro-payments
that can handle very fast transactions at very low cost.
To facilitate access to the RainCheck Platform and its functions, such as rewards trading, a new Stellar
based token will be created, called the RAIN Token. At the time of issue, the RAIN Token will be used as
the value unit within a loyalty DAO. RAIN Tokens will be staked by brands in relation to their community
membership.
Thanks to the micropayments feature, RainCheck is able to monitor rewards points value available from
organizations in real time, and thus inform consumers of the current value and the exact source of rewards
in real-time.
People who receive or purchase RAIN Tokens will be able to trade these between loyalty programs
and schemes. They also have the ability to trade them at any time on exchanges that support the RAIN
Token.
Merchants and brands can use the RainCheck platform to issue RAIN Tokens for carrying out tasks such
as saving discovered items online and actually purchasing items from merchants, also engaging with
marketing campaigns from brands.