Topic: [ANN]Raincheck - Global loyalty & rewards points exchange aggregator on Stellar - page 2. (Read 11446 times)

Hi there Q, if you are asking about the bounty program, please go to Bitcointalk Bounty Thread:  https://bitcointalksearch.org/topic/rewardraincheck-global-loyalty-rewards-points-exchange-aggregator-on-stellar-4906608. Please keep in mind this campaign has KYC requirements. You can also join  their bounty telegram group for more info at https://t.me/raincheck_rewards. Thank you  .

What is the different level reward program you are going to provide for the community whether you will start conducting before or after completion of Bet stage? The project seems to be good i hope you are the first one to launch exchange website for stellar right?

we look forward to the development of this project, if the managing team is always active, surely this project will run smoothly and achieve success satisfactorily.

It seems like here the Raincheck project uses the Stellar platform, it is very rare that we find a Stellar project, almost all of the projects use the ERC or Ethereum platform but this project seems very good. This Road map Project has also begun in 2014 with many partners, I am sure that this project opportunity for success is huge.

Greetings Aura689  ,

Thank you so much for the kind words and do know the team really appreciates it!

another new project that uses the Stellar platform. and more and more exchager-themed projects in 2018, and almost on average can achieve softcap. here what I see on the website is now still in the presale stage with a 30% bonus, but unfortunately for the presale the results of the sale are not published.

Hello Raincheck people!

This is a remainder💥

The Pre-Sale is LIVE! Bonus up to 30%! To contribute,

please visit: https://www.raintoken.org/ and join the whitelist

🔍 How the RainCheck Online-to-Offline shopping platform works in retail. https://youtu.be/FpPFyKqrlhQ

That's a great question lilaj4de. The RainCheck Platform, when fully developed, will aim to provide a decentralised platform through which token holders will be able to manage and aggregate reward points across multiple loyalty schemes. To enable this, RainCheck plans to provide consumers with the option to combine reward points from multiple loyalty schemes into one digital unit, the RAIN Token!

For more information please check the Whitepaper, 6.2 Future Use of RAIN Tokens (Page 35) 👇👇

https://raincheck-ico-static.s3.amazonaws.com/static/file/RAIN-Token-White-Paper.pdf

Within the platform, the loyalty points will be organized by type of services and company, or will it be summed up by discarding the above option?

Thank you for the review. The RainCheck team appreciates it! ☺️

Yes. There are quite a few similar Loyalty programs. We think the whole market is still big enough to allow different players to coexist and compete against each other. It also depends on how the base public blockchain evolves like ETH, Stellar. It will be full of fun.

Several interesting loyaly programs coming out now.. Will be interesting to see which survive the test of time.

Hello hello! Happy to see things getting going in here.

If you are still learning about raincheck, you may want to start with their lightpaper: https://raincheck-ico-static.s3.amazonaws.com/static/file/RAIN-Token-Light-Paper.pdf

That's where I started, it helped a lot. 

The team is talented enough to know Stellar is a better option than Ethereum for this project. Here, read fresh analysis from the resource hacked, which gives a goodrating project

ICO Analysis: RainCheck
Published on September 4, 2018
By Joshua Larson
Proof: https://hacked.com/ico-analysis-raincheck/

Team
RainCheck was established in 2014, their current team consists of 11 employees and 12 advisors.
Cameron Wall is the Co-Founder. Stanford Grad. 25 years of experience in tech. “Founded various tech startups included hardware and software-based systems. Some successful exits and some failures. Technology and timing of the market are crucial to success. ”
William Lin is the other Co-Founder. Lots of experience as a Mobile Developer, including 8 years at Motorola.
Peter Bremner is the Chief Partnership & Strategy Officer. 20+ years tech experience. Was recently Director at AwareIT where he developed relationships with companies like HP, Cisco, and IBM.
Bin Wang is an expert in Blockchain and Big Data and has four years as Software Engineer at Motorola. He spent six years as Tech Manager at Kuyun Interactive.
The 12 advisors all look like legit experts in their specific fields. Pretty Impressive.

Verdict
We barely scratched the service when it comes to explaining this project. Please dive into the whitepaper to learn all about things such as their loyalty scheme smart contracts which will be released in Q1 2019.

Risk
    Plenty of competition with more to come soon.  (Loyalty Token, Bitrewards, Incent) -1
    Would like to see much more transparency when it comes to what they plan to do with the funds. -1
    Even though they will need lots of marketing, The $24 million hardcap could scare investors away.-1
    The App has been out at least since 2016, yet only has 500 downloads on google apps store. Telegram has only 200 members. -1.5

Growth Potential
    Real work being done. Active GitHub and the whitepaper is clearly written by professionals. Been around since 2014, App available here.+2 https://www.getraincheck.com/home/
    The value of the loyalty rewards market is almost $500 billion annually with global marketing spend soon reaching $1 trillion ($225B Digital) +1
    The team looks very capable. +2
    One of the first projects on Stellar, should get love from the community. +2
    Revenue model. Generated by subscription, transaction fees, loyalty marketing and data services. +1.5
    RainCheck will eventually develop its own payment gateway and become a Stellar anchor by deploying its own Stellar Core, Horizon, Bridge Server, Federation Server and Compliance Server. +1.5

 However, the lack of fanfare/users after being out since 2015, is concerning. 5.5/10

Investment Details
    Symbol: RAIN
    Platform: Stellar
    Total Supply: 2,000,000,000 (2 billion)
    Available for Sale: 700 million
    Price: $0.04
    Soft Cap: $6 million
    Hardcap: $28 million
    Presale:  Live until November 4th
    Crowdsale: November 5-30th

Hello Dasengineer, thanks for your interest in our project.

Stellar network and protocol has faster transaction speed compared with ETH. It also supports cross border payment very well. That’s why we choose Stellar for RAIN token because we need to process transactions quickly when users redeem loyalty points to RAIN tokens, purchase products through mobile app by paying RAIN tokens etc. 



RAIN token is designed as a utility token. Besides the 35% tokens allocated for ICO, we also allocate 25% tokens as Rewards Pool used to work with merchants together to promote RainCheck mobile app, O2O activities, brands, Diagou activities. Through these activities, we can increase the circulation of RAIN tokens in all commercial activities of the whole ecosystem.

Once consumers receive RAIN tokens from the Rewards Pool, we will definitely allow users to transfer a certain percentage of tokens to exchange to cash out. Meanwhile, we will also ensure there are enough tokens to meet the circulation needs of commercial activities in the ecosystem. We will balance the circulation needs of both commercial activities and the crypto exchange.

When more and more people are willing to use RAIN tokens in commercial activities in the ecosystem, more and more people will need RAIN tokens. Because of the fixed supply of the RAIN tokens, we will expect the value increase of the RAIN token. The value increase of RAIN will also help to attract more people to join the ecosystem to use RAIN tokens to buy products, redeem loyalty points, redeem brand offer and so on.

Hope it helps. Thanks.

   Hello Raincheck community! When I studied the company Raincheck, I saw that it has great startups in the future and I have decided to share information with other people (who speak Russian) interested in crypto currency and ICO. I hope my video will help a number of people to explore the world of Raincheck! For more information, see in my review all the nice views     https://youtu.be/ZNGEHLfAsSM
In addition I shared in the twitter I will be grateful to everyone for retweet All Thanks https://twitter.com/Kaznachej123/status/1042532576286728192
                                                                   

I never used stellar as cryptocurrency and now I'm learning about it, seems a very convenient way to do TGE. How can you describe the incentivizes for token holders to hold? Or you looking in token only for utilities purpose?

Hello royalfestus, thanks for your interest. Stellar has a built-in decentralized exchange (DEX) capability, so RAIN tokens will be listed on StellarPort and StellarX from day 1. We have investigated KYC issues with our third-party vendor and has improved the process. Hope it will be more smoother in future. We apologize for the inconvenience for our investors. We do encourage you to read our white paper to find out more details about how RainCheck and RAIN token works.

And our Ukraine team is building the iOS wallet functions now. Users will be able to Create a Stellar account, Import existing Stellar account, Send Stellar to another Stellar account, Receive Stellar by scan QR code, Check RAIN token balance and so on. Users can also convert loyalty points from different loyalty schemes to RAIN tokens. We will keep updating the progress. Stay tuned. 
Thanks.

Hi kabit9  ,
What a time to be alive!!!

several similar projects such as REM Loyalty..... a few will emerge as winners in the long run.  Interesting times!