Topic: [ICO ENDED][TOKEN IN TRADE] TokenLoyalty.io - Bounties in real world - page 27. (Read 6900 times)

So I need to have at least 10 WCT before noon?

 


Tokens sent to node for Airdrop!

Airdrop will be done tomorrow - approx. 10-12 AM CET.

yep, we're doing it right.  

Token Loyalty proudly presents their promotional video on YouTube.






Feel free to ask any questions related to the project and team.

The whole ecosystem of the project will be decentralized, however, over the ecosystem there is always something like an overlay required for the communication (example: overlay for exchange of crypto or communication between ICO participants, etc.). Someone also has to realize the idea in form of a team, a structure. That is why we will form a company. Decentralized Loyalty company will be based on the marketing agency model, together with an idea of loyalty points operator. What does it mean? This means that we will operate like a marketing agency in communication between merchants and participants of the campaigns in cases that are not automated on the platform. The difference is that loyalty points will be based on blockchain in form of tokens, which gives a decentralized model for their distribution and maintenance, as well as usage (o this is free for merchants as “no entry costs”). However, our company will be the consulting agency in relation to the campaign issuer, which gives ability to earn on such services additionally (for example complex or mixed campaigns over the network, connecting 10 or more partners, etc.).
Such approach of “campaign as a service” gives more elasticity for scaling to new countries and areas and its potential will grow together with the increase of the network.
What is the best example to compare the model? In ads based on words from the most common supplier, merchants pay for the effect in form of CPC or CPV, etc. In our case, merchant will pay for the desired effect – to give the prize to new or existing customer to sustain loyalty, including our commission for the company for further development. This is called sometimes as Lead generation model.

Yes, there is info about bounty campaign here: https://www.tokenloyalty.io/files/BountiesProgram.pdf

We are now looking mostly for translations (some are reserved - for such reservation please contact us at [email protected] or with loopes).

Also we are looking for bounty hunters for some other things as described in the doc.

What you be interested in?

Example USE CASES - It is best shown on examples:


Example campaign 0   Example: token as money

Bonus card:
You have a Bonus Card that is integrated with payment card. While purchasing goods you just collect tokens on it. You can do anything with them thanks to integration of our system with payment processor (use the Bonus Card as payment card).

Application:
You can collect points and make transactions through NFC protocol

Example campaign 1   Token as money

Under the bottle cap of Soda Drink is a code for registration on the LYT your life platform. You enter the code and receive 1 LYT equal to 300 campaign points (CP) or 40 cents. You can sell the token on exchanges or collect more tokens. After collection of 1500 CP (=5 tokens) you can exchange it into coffee. This means you bought coffee for 2USD, while normally it costs 3.75. You could also sell the tokens to get only 2USD.

Example campaign 2   Example: token as a proof of participation

You lock your token into campaign receiving a special coupon code for 10% discount in Example Network Shops to buy anything you want. This coupon is valid for 1 day. After it is released and campaign is locked/finished (so the token proves that you are a participant of the campaign, not a ghost).

Example campaign 3   Example: token socialization

You enter initial campaign that gives tokens for invitation of friends into the campaign. You receive the tokens (you are payed for the leads – this is so called in marketing) together with a special bonus (20 days access to music platform), while your friends receive 10 day access each (but without tokens).

Example campaign 4   Example: socialization as group purchase

You and your friends (7 friends) refuel your car on a Specified Gas Station that has open loyalty program. But you do it rather not so often. You have collected 100 LYT, but together with your friends you have collected totally 1230 LYT. At the present nominal value it is 492 USD. You can cash-out. Or You can buy a huge group dinner for 8 people in a restaurants that has another open campaign that uses tokens (for example the campaign offers such dinner for 200 LYTs).

Example campaign 5   Example: just earn in campaigns like bounties

Collect tokens in any campaign you want and then exchange it or trade with token on exchanges.

yes LYT will be listed in another exchange site after ICO. LYT token only available on DEX while ICO. but We are negotiating with polish exchange bitmarket.net to implement Waves and our token. We are also talking to English entity. Most of the exchanges list the tokens for an installation fee of 2-3 BTC, so some part of the budget may be used to list on selected exchanges, depends on the liquidity. The higher amount of user, the higher will be liquidity, which makes the token to be attractive to be listed.

thank you for your good question. feel free to anyone who want to ask somethings about TokenLoyalty

Is there going to be any external exchange to trade the tokens or you will focus only on DEX at the beginning?

hello sliwka1980 thanks for your interest to our project. you can earn LYT through 2 ways :

1. participate in ICO. token loyalty planned date to start ICO on November. just wait for fixed information by Dev.
2. join to our airdrop. team of token loyalty will be held an airdrop in the near future, please keep an eye to our ANN Thread to get information about airdrop.

very glad to see that you are interested to Token Loyalty. After you earn and then hold LYT for many benefits because if you hold your LYT, your LYT could be as ticket to join campaigns and your token is not only have nominal value but also have added value (the one related to campaigns, like gifts, groceries, discounts, anything)

Q: Sure token loyalty is an extraordinary but it may be difficult to convince company to buy tokens for their loyalty program. First reason is it is unusual, then company still have to explain about how its work for their customers. Whereas company did not need to do that if they using "old system". In the customers side this is may be a new things to 'accept'.

A: There are solutions like Lioness basing on “charge-back” model. Also there are known some simple solutions to use the token as loyalty point. However, our business model was discussed with entities and bases on unique “nominal” and “added” value. For our partners most important is control of the budget and integration of marketing solution, social mechanics and loyalty program itself. Our advantage is that we can treat token users as leads for the campaigns, while preserving their anonymity. This is unique. Most of the loyalty campaigns are treated as cost, because each cost of user is approximately 5-60 USD per person. That is why most of such program base on trade of data of the user. We want to change that. But for this was required a win-win strategy. We will offer a marketing tool to ENGAGE users of the token as community in life of the brand (gamification mechanics), but users will be paid with tokens and the added value, depending on the campaign (for example discount codes or free gifts). That is why we call it “pay for the effort”. But in this model, it does not state a cost for the merchant, because he receives an added value, for example – one customer can generate 3-10 more customers, which gives ROI for the marketing campaign. We do not want to show all the cards during ICO, as there is a slight risk that competition may copy the model. In talks with merchants there has to be a proof of concept – that is why we plan initial campaign (2-5) basing on the model. When the community grows, it we will be more and more attractive each time, because ANY MERCHANTS creates BIGGER ENVIRONMENT, so entry costs (barriers for campaigns creation) are lowered each time.

Main differences in approach:

1. We are not just a loyalty program. We integrate financial possibilities (like Lyoness), marketing (like Adwords and lead generation through Facebook), gamification mechanisms (Loyalty is based on activities) and in the end - cryptocurrency advantages.

2. Our main difference is in the approach of the nominal value of the token (like on exchanges) and added value (the one related to campaigns, like gifts, groceries, discounts, anything). It means tokenization of the loyalty system.

3. integration with normal services - API built as an Overlay to the blockchain to integrate ANY services of merchants (like a bridge between loyalty network and services).

TokenLoyalty cooperate with Divante for Pre-Alpha version  of the Overlay.

thanks

Thanks thats explain a lot, the mechanism looks really great. Looking forward for more info regarding ICO on upcoming weeks.

The Dex procedure:

We start from the bonus of 0.09 Waves. The amount from token sale will enable to the project at minimal, defined variants. So this is equal to mechanism with bonuses or minimal cap in smart contracts. But project has much higher potential, so more tokens have higher price, reaching up to 0.1 Waves. It would be economically unreasonable to sell the tokens during the ICO (by users), as we believe in their value growth. But early adopters will have such opportunity. This creates the liquidity of the market. Why we choose this mechanics? Because it highly differences from the “bonuses” model made in smart contracts. Mostly in smart contracts tokens are held until the end of ICO and then there are made “drops”. Because the volume of tokens with bonuses is made often high, due to the law of “demand and supply” the tokens often drop their value even 5-10 times than the actual value should be. This destroys the market. With start price of 0.09 Waves, there is high probability (if someone will not dump lower then he bought to troll the project) that the price WILL NOT DROP lower than this value 0.09. And with each campaign, depending on the negotiated model with merchants, these merchants will require tokens for the campaigns. So they will have to buy them from the market. As the law of “demand and supply” states, when merchants generate demand, the price should increase. We have analyzed 3 models for that and this one is really one of the best ones to secure our token holders from price drops. Bounty holders of tokens will receive them AFTER the ICO, it is another element of this security. The team will be distributed with tokens in at least one-year motivation plan. But as the business model of the project shows – it should be profitable to hold the tokens to enter the campaigns. However, speculation is the characteristic of the crypto market, so we calculate the risk, trying to secure token holders from value drops as much as we can.