Topic: [ANN]Raincheck - Global loyalty & rewards points exchange aggregator on Stellar - page 3. (Read 11442 times)

The team appreciates all the support they get, happy to have you onboard. The community is extremely important for any company as they try to gain traction and real world adoption. This is the case as well for blockchain based startups, maybe even more!

Feel free to join the telegram group as well at https://t.me/getraincheck to interact with the team/community or get answers to any questions related to the project. Thank you

I am sure this project will be successful if all the dev teams and participants who have joined are always working together in a compact manner, because with a compact collaboration can also make one of the trust for investors to join, success for the future of this project.

This project as a decentralized platform for token holders will be able to process and collect reward points from several loyalty schemes into one digital unit in the RAIN token, hopefully the Rainchek project will go according to plan and will meet the expected targets. , and get a lot of support from investors.

Raincheck — Global Bonus System and Loyalty Program on the Stellar Blockchain

RainCheck focuses on the o2o industry. O2o means ‘online to offline’ commerce, a term used to describe the strategy of bringing online customers to real-world shopping locations. The RainCheck app helps the offline shopping experience by alerting shoppers when they are near items they have previously browsed online, then rewarding them with RAIN tokens through debit / credit card linking when a purchase is made.

Raincheck created on the basis of the Stellar blockchain, with its own RAIN token, and fast transactions. The user registers on the platform through the procedure KYC-AML, and attaches its payment cards through the application-wallet. Further, getting bonuses for purchases in offline and online stores, the user registers them on the platform, and receives in return a particular number of RAIN tokens that can be displayed on a bank card in cash equivalent or exchanged for bonuses in a particular store. Through the use of an online platform, stores will receive information about the purchases of a particular person in offline, and will be able to offer the buyer what he is interested in. And users will no longer lose unnecessary bonuses in one store, instead of it simply transfer them to another.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://medium.com/@Vladar49/raincheck-global-bonus-system-and-loyalty-program-on-the-stellar-blockchain-fd3ae5458dd8

Hello there! Yes the team is working on all parallels and Exchanges are on their priority list as well Please give the Whitepaper a try, I am sure you will find it interesting 

stellar platform is a welcomed idea as a storage wallet, its level of security is a relief to investors. I expect the progress of the private sale to be made open on the website page. Some investors are struggling to pass the KYC and the telegram is filled with investors complain. Have not read the whitepaper but I hope the project is planning on getting on a good exchange cause that has turned to big challenge among new ICOs

Hi Alvena,

Raincheck supports Shopify and Magento merchants to import their product inventory into RainCheck through Shopify and Magento API. So the merchant products can be list in our mobile app. If the merchant wants to allow users to buy through the app, we allow users to buy products through Stripe payment gateway inside the app. By extending the platform to add RAIN as loyalty program, we can reward users RAIN tokens if they buy through the app, raincheck products and so on. If the merchant has their loyalty program, we can integrate it and allow users to exchange between RAIN and merchant loyalty points. If not, RAIN will be the merchant loyalty program. The benefit for consumers and merchants is they will have a universal loyalty program. And they only need one loyalty card, which is the bank card to earn loyalty points from merchants by card-linked offers. Hope it helps. 😄

What about the partners on the website? What are their specific relations with Shopify? I still do not understand whether they are partners or simply service providers.

What I get from Telegram chat is that Raincheck support Shopify and Magento merchants to import their product inventory into RainCheck through Shopify and Magento API. So the merchant products can be list in Raincheck mobile app.

We have a competitive analysis table on Page 34 of the white paper. Hope it helps.

Please also check our main website for more details (https://www.getraincheck.com/home/). It illustrates the problem we want to solve and the solutions.

Here is another Medium post explaining why we choose Stellar. Hope it also helps.
https://medium.com/@cameron_51651/why-building-projects-on-ethereum-are-destent-fail-3e0c82a99209
 

Hey there,

Have you checked out RainCheck's website? It goes into lots of detail about these things. Here's the link: https://www.getraincheck.com/home/

Hope this helps!
 

you should write more information about why investors should choose your project. this is very brief at the moment. describe your competitive advantages, features. what are the conditions of reliability.

That figure has not been announced by the team yet, it will be shared here as well once it is known.
The market is looking slow indeed at the moment, but that can change anytime soon, last bull market started without any sort of announcement  Thank you for your interest in the project, let us know if you have any more questions, happy to help. Don't forget to join the telegram group as well at https://t.me/getraincheck 

Tell me, How much money has the project collected at the moment? I can not find this information anywhere. The project looks like an internet, but I'm not sure that it will collect the entire amount because of the situation on the market.

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.

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

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.

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

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. 

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.