Qiibee: Loyalty on the blockchain. By storing the reward and redemption
Hello my dear friends.I want this review to Shine a light on the technological project called Qiibee becoming more popular and it attracts more and more new users who have hungry eyes and a lack of information. The latter have to collect the crumbs, check your own time and wallet. To answer the question of which currency is best to invest in, which ICO will shoot at 100%, I can not, but I will try to tell and describe my own vision of the situation. Today we will analyze THE Qiibee project. What is this ICO and is it worth investing in it?
WHAT qiibee is all about?
The qiibee protocol provides a trustless, secure and provable manner for issuing loyalty tokens backed by a crypto asset across different blockchains. It also guarantees liquidity by allowing easy redemption, tradability and exit options.
qiibee’s standardized plug & play solution enables brands to easily issue their own tokens with the LoyaltyToken Protocol, while still having full freedom to specify their loyalty tokens.
How does it work?
Our loyal customers who benefit from having real value, usability and freedom.
Decentralized loyalty apps. The qiibee wallet is one of the means by which loyal customers can interact with the LoyaltyToken Protocol. The qiibee wallet directly communicates with our API which talks to the protocol.
Software Development Kit (SDK)
The SDK streamlines and facilitates application development running on the LoyaltyToken Protocol, which saves the time, money, and extensive know-how required to build it from scratch. Loyalty program owners can focus on their businesses and their applications, while we support them with our SDK. The bigger the community maintaining and building on the qiibee protocol, the stronger qiibee’s loyalty ecosystem.
qiibee’s LoyaltyToken Protocol
Our protocol provides a trustless, secure and provable manner for issuing loyalty tokens backed by a crypto asset across different blockchains. It also guarantees liquidity by allowing easy redemption, tradability and exit options.
Blockchain infrastructure
Our first implementation involves an Ethereum-based loyalty blockchain. The image below shows the qiibee vision in terms of its blockchain infrastructure:
The Ethereum-based loyalty blockchain provides and ensures high-speed transactions for low or no fees. These characteristics are key for an ecosystem that wants to offer microtransactions and be made mainstream.
What are the benefits?
There are four key benefits when considering the LoyaltyToken Protocol from a brand perspective:
Brands can “Plug & Play” with their loyalty program. How does it work? In a first step, the brand’s marketing department sets the budget for the loyalty program, which needs to be converted into brand loyalty tokens. The qiibee
protocol then creates the brand tokens and sends them to the brand. It is important to highlight that the brand still has full control of the interaction with the customer, for instance over its individual app’s interface. In addition, the
brand can also determine exactly how it wants to reward its loyal customers and how it wants to configure the redemption process.
Increased level of engagement a brand can achieve. It has full flexibility in the construction of its reward and redemption structure. The fluctuation of the brand’s token value in terms of FIAT also positively affects customer
engagement, since customers are seemingly interested in the value of the tokens and are thereby incentivized to hold them for a longer period. On top of that, a brand can tap into a large loyalty community of existing customers on the qiibee ecosystem, which makes it easier to boost new loyalty programs and attain a wide customer reach.
Elimination of liabilities on the company’s balance sheet. Since the tokens that it will give out are tradeable and have a “real” value rather than constituting a promise from the company to be delivered in the future, the tokens will not be
accounted for as deferred revenue.
Reduced costs and risk. Given that a brand’s program is built on the qiibee protocol, the set-up costs for a new program are very low. Customers are also responsible for their own wallets, so the risk of a massive data breach is
mitigated.
Customer perspective
When looking at the customer perspective, there are again four key advantages of using qiibee for the collection of loyalty tokens:
Overview of all their loyalty tokens collected from different brands in the qiibee ecosystem. Customers can still use their favorite brands’ loyalty programs and interfaces and later import the collected tokens into one common place.
Transactions with their loyalty tokens. They can trade them with other customers in the ecosystem, send or receive tokens from others and participate in the different brands’ redemption offers.
All brand tokens are cryptocurrencies tied to the qiibee token (QBX), which will be publicly traded. This way, the brand tokens have a real value outside of the brand context.
Cash out. The qiibee ecosystem offers the customer the ability to sell loyalty tokens for FIAT or other cryptocurrencies via third party integrations.
ICO STRUCTURE
ROADMAP
TEAM
For more information please check the following link bellow:
Website: https://tokensale.qiibee.com/
whitepaper: https://static.qiibee.com/qiibee-White-Paper.pdf
twitter: https://twitter.com/qiibee?lang=en
facebook: https://www.facebook.com/qiibee/
telegram: https://t.me/qiibee
my bitcointalk address: https://bitcointalk.org/index.php?action=profile;u=2245735
bitcointalk username: faith400