Topic: [ANN] [PreICO LIVE 🔴] ALLOY - Global Rewards Catalog for Reward Points - page 16. (Read 13814 times)

Are brands required to also join the rewards network of they just want to offer their services up for redemptions?

Hello

No, it is ERC20 token on Ethereum blockchain. Please be more attentive and check first page carefully, all information you can find also on web page and whitepaper. All links are on a 1st page of this thread.

Thank you for your time

But is ALLOY a new coin, with its own blockchain?

Exact. Also people understand they will be able to get more rewards and actually value more those reward programs.

They're fed up of having tens of cards and memberships where they end up exchanging nothing. Businesses know this and know that if they really want users to take advantage of their rewards program, it better actually reward.

Hi

There are three sources you gain points, one is Brands, Banks & Credit cards & Apps/Websites the system address all the above. Banks & credit card comapnies spend a lot of money in maintaining and running a catalog for redemptions to make their customers happy and this becomes an ease of access for the. APPs and game give you virtual tokens and even they are exploring real world rewards to make the users engaged more, but sine it is not their core business to run a eco-system for redemption, ALLOY is an interesting space for them to partner.  Larger companies have known to participate in Coalition program (Airmiles - Canada, OK Cashbag - Korea, Nectar - UK, Plenti - USA), the main reason for it is when the reward points are issued it is an liability on their books and it need to taken off from onetime customers (This forms 75% of the total reward points issued) and Coalition has a upto 80% market penetration in all the geographies mentioned above and the reason for that is points flow and don't stay idle resulting in win-win driving business and satisfaction. The idea for any reward program is to make the users see value either within the store or external so the customer keeps coming back.

PayPal has incubated our startup since 2016 when we were offering Loyalty, CRM, gamification, Referral, systems for retail vendors, they also have plan for reward programs for their merchants but the distributed nature of their 17mn merchants makes it impossible to run a large scalehandshake, here is where they found the platform pretty interesting to explore only on the reward point redemption and listing of their Merchants on the platform for visibility .

Best,
Vijay
Team ALLOY

On first sight it seems a good idea!

But I think there is a big problem.
The brands shop and vendors do make their offers in such way that they have restrictions. These restrictions at least partly are made to make customers buy more merchandise in order to use reward points thus i dont believe that big companies will be interested on participating. Because 360bn which are not redeemed is money which is not lost by companies.

Also PayPal backing caught my eye. This is a red flag for me in block chain community. Although I think there should be block-chain payment platform with buyer/seller protection. PayPal is something that have made my life very difficult because of their 0 tolerance policy regarding various matters and I hope block-chain will make a big dent in PayPal business some day.

It must be noted that there are several benefits of owning ALLOY tokens: ALLOY is used as an Anchor currency in the backend to facilitate transactions, during phase II, once the price of ALLOY stabilizes, it can be used directly to buy merchandises and product in the Rewards Network.

It really depends on the individual company's themselve. If they want to have a better reward system, they would implement Alloy for sure. When Ally has a fully working product, I expect alot of both big and small company's will implement with the Alloy platform. The task for the team is to make the usage for the enduser and implementation for compnay's as easy as possible. The more companies adapt it, the more usage this token will get.

One thing I don't understand is, why would one buy Alloy token once it is on the market? I believe people are willing to sell their token for a lower price, since it is free money they earned anyway, so my question is how to protect the token holders for people to not massively dump their Alloy tokens ehich they got from exchanging reward points?

Yes, token value will fluctuate depending on the redemptions, and since the market is huge, there will be room for lots of redemption volume and businesses.

I guess it's based on the redemptions.
As per their site the total unredeemed points is worth $360B. So you can guess the value.

How do you determine the token value?

Yes, the details are mentioned on the website & the whitepaper.

Also please note that the tokens allocated to the core team have a vesting period of 3 years.

Is it possible to see with detail how token sale is structured and ALLOY tokens distributed?

You can learn alot from google

This is a definition of Opex:

"An operational expenditure (Opex) is the money a company spends on an ongoing, day-to-day basis in order to run a business or system. Depending upon the industry, these expenses can range from the ink used to print documents to the wages paid to employees. The counterpart, Capex, is the money spent on the improvement or purchase of fixed assets."

i just visited the website and it has an indonesian translation but if i read correctly
the translation looks bad or like a google translation to me

Less than 6 days remaining for the Pre-ICO.

If you have any doubts or questions please don't hesitate to reply here and we'll do our best to solve them.

Opex stands for Operating Expenses.

I do not understand, why do I need to register on the Alloy website? What can not do without this? I look because for Twitter and Facebook there are separate forms to fill.

What is Opex? What does it stand for?

The Raised funds will be allocated as follows

38% for Development
25% for Marketing
16% Opex
14% for Sales & Partnership
7% for Contigeny


Best,
Vijay
Team ALLOY