Ninjastic
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Board Announcements (Altcoins)
Re: [ANN]Raincheck - Global loyalty & rewards points exchange aggregator on Stellar
by
willraincheck
on 07/09/2018, 23:17:44 UTC
Quote from: Dasengineer on September 07, 2018, 12:06:31 PM
Quote from: chickaboom on September 07, 2018, 07:44:39 AM
Quote from: AmoreJaz on September 07, 2018, 07:22:49 AM
Quote from: kieran_84 on September 07, 2018, 05:00:58 AM
Quote from: AmoreJaz on September 06, 2018, 11:55:10 PM
so many big institutions already on board, does it mean that those rewards points earned can be used on those big merchants? also, is there an expiration of those points earned? sometimes you forgot that you have those points sitting in your account until they expire.

AmoreJaz ,

RAIN Tokens will not expire however loyalty points from the brand programs may expire. As far as the merchants listed on the website rewards can only be used on those which offer loyalty programs.  Smiley

if thats the case, can a user of this platform convert his loyalty points to your rain tokens? at least it's not expiring...
if not, maybe you can design a program converting those unused loyalty points to your tokens

Hi there AmoreJaz and thank you for your questions as well as supporting the project! Grin

The team is considering converting those loyalty points, it all depends on each loyalty program and how they operate. It can be built into individual program's Smart Contracts. Smiley

Are you going to develop the SDK in order to onboard existing platforms? Why will companies want to use your product and not some kind of cashback or something like this? Cashback seems most reliable "loyalty rewards" right now don't you think so? Thank you

Hi AmoreJaz, we will develop the SDK to onboard merchants. Actually, the RAIN token is an extension of our current card-linked loyalty program we are building now. Our solution can provide cashback based on the card-linked offer of three major schemes, Visa, MasterCard, and AMEX. Generally, merchants don't truly like cashback because they want consumers to spend more. RainCheck gives an option for merchants to customized card-linked offer using cashback and loyalty points together. Whether merchants have their own loyalty program or not, they can use the SDK and Smart Contract to plug into the RainCheck universal loyalty program based on RAIN token. We are building the RAIN wallet which will be integrated into our existing RainCheck mobile app for users to exchange between loyalty points and RAIN tokens easily. Hope my explanation helps, thank you.