Real World Rewards for Virtual Currencies
ALLOY & Global Rewards Network is a Blockchain based Rewards Catalog connecting Brands, Publishers and Consumers on one Platform. The Global Rewards Network will allow the Users of partnered Brands and Publishers to link, combine and convert all their Reward points to a local Fiat Equivalent ($/¥/€/₹ etc..) which, in turn, can be redeemed against listed Products and services from other partnering Brands across the globe, creating a borderless redemption experience. We are mobilising the $360B worth unredeemed Reward points that go wasted every year.
ALLOY Tokens are the Reserve/Anchor currency for the entire ecosystem which will be the medium of exchange in conducting any transaction on the Global Rewards Network. Similar to how USD is the Global Reserve Currency or Anchor Currency facilitating International Trade by a common exchange factor, using ALLOY TOKEN, Partnering Brands & Publishers can set the exchange value for their reward points which will govern redemption in the ecosystem
REPAC (Real-time Points Adoption & Conversion)
On the surface, REPAC enables local Fiat transactions between parties making it frictionless for all businesses. Under the hood, REPAC uses Blockchain & ALLOY enabling global cross border transactions. This preserves the value for all three stakeholders i.e. Brands, Publishers, and Consumers, by converting the currencies & in-house points of different values to a common ALLOY baseline (based on the market value), in real-time, using Smart contracts to facilitate secure and auditable transactions.
How it works?
A User residing in India with Reward points, when travelling to New York will be able to redeem his points with a Local Brand using REPAC technology, thereby, creating a borderless Rewarding and redemption experience.
Rewards Network Benefits
A Global Rewards Catalogue of highly diversified Goods & Subscription in exchange for the Reward points accumulated from different Brands & Publishers
An opportunity to exponentially expand loyalty/redemption partnerships across the globe and to have reduced on-book liability through increased redemptions
A new tangible way to reward users for their engagement without the hassle of building and managing a Rewards engine or an exit catalogue on their own