About BrandTokens
BrandTokens is a loyalty reward and exchange platform driven by blockchain. We are engineering revolutionary new use cases and a new way of building loyalty between brands and users. With our help, brands can issue, manage, and utilize blockchain-based loyalty tokens to reward and provide a new, better, and flawless experience for customers. Tokens are easily exchangeable, liquid, and priced in real-time mitigating overhanging liability from incumbent loyalty solutions. Brands get a low cost, instant gratification system to keep current customers happy and attract AI profiled new ones effectively.
Token Basic Information
| Token Name | BrandTokens |
| Token Symbol | BRND |
| Social Media | Facebook, Twitter, Telegram |
| Soft cap | $ 250,000 |
| Hard cap | $ 1,000,000 |
| Available for sale | 700,000,000 BRND (70%) |
| Total supply | 1,000,000,000 BRND |
| Whitepaper | Click Here For View Whitepaper |
| Website | Click Here For Visit ICO Homepage |
Problem
Cash-back rewards delays
Cashback rewards are easy, but some companies still make it complicated. Cashback rewards are in the form of rebates, and most cards require that the holder logs into the issuing bank’s website to redeem as cashback on their statement. There are times when the options involve mailing the check, and this takes more delays. Only a few banks permit for automatic redemption.
Functional restrictions
A number of loyalty programs have certain limits. Only certain locations are available at certain times. Thus, consumers have to ensure they have sufficient points to redeem their points. Such
rewards cannot be replaced for something else, so either the consumer redeems or overlooks the points. Consumers have to first consider whether they get value or need to wait.
No favourable infrastructure
Organizations favour more extended redemption periods, adherence to terms such as the purchase of specific items to improve their sales. Senario shows that there is a disconnection between the needs of the consumers and those of the organization. Part of the problem is because of the lack of favourable infrastructure to issue, track, and make the system more efficient for both organizations and consumers.
Solution
Research has further shown that giving customers more autonomy and options in terms of the structure of loyalty, flexibility on when to redeem, relevant Infrastructure, automated redemption, fast Channels, and cash-like Token Rewards will help to tackle the market problem. With the help of blockchain technology, the needed solution can be provided. Brand Tokens is building tools that enable organizations and companies to issue and manage their own branded tokens.
Unlike other existing loyalty programs, offering a high level of flexibility, automation redemption, and monetary value rewards. BrandTokens solution is one-of-a-kind as we are first to make this move in the loyalty industry. With our outstanding blockchain-driven solution, businesses will be able to create their own token on the Brand Tokens network. With this newly created token, each business will be able to reward their customers or clients on a secure, transparent and efficient platform.
How BrandTokens works
Issue brand loyalty tokens on the public Ethereum Blockchain. Unlike loyalty points, tokens are valued in real-time and can be exchanged and transferred between users. Brands can reward their clients, like with points. Users can redeem tokens for discounts, products, and services. They can also exchange them for cryptocurrencies like Bitcoin or Ethereum. Brands can use their tokens to acquire new customers or reward loyal clients for purchases, engagement in social media, participation in events or sharing their personal data.
Unique value propositions
Better security
By using blockchain, member data is stored cryptographically on the secure blockchain itself rather than relying on centralized third parties. Brand Token blockchain is maintained through nodes that are distributed, reducing chances of one point of failure. Furthermore, one party cannot manipulate and change member details, such as the amount of rewards.
High privacy
Member wallets are not maintained by third party companies but have direct access to member accounts on the blockchain. Only the member has the power to change their personal details. Each member will have their own private keys that they use to access their personal wallets.
Merchants can receive payments by displaying their public keys. Both private and public keys on the blockchain do not display the name and personal details of the member or user. This means they are pseudonymous.
Better usability
Blockchain-based loyalty rewards are earned and redeemed in a faster process than the current state of affairs in the industry. Since digital tokens exist exclusively on the blockchain, it is easy to verify and allocate rewards in a fast and efficient manner.
Fast payouts
BrandTokens loyalty network is not complicated and adopts fast payouts. Businesses can easily pay out their individual tokens (xB). Existing loyalty rewards take long periods, months and some years, in order to get rewarded. Brand Tokens network is straightforward to effectively promote the adoption and growth of the network.
Easy to exchange
One of the main problems in the current loyalty rewards industry is lack of flexibility in terms of how users receive their rewards. For example, when a particular company issues rewards, they can only be redeemed at the specified locations or points of sale. This makes them redundant.
Value and BrandTokens
There are two main ways of assessing the success of a cryptocurrency: the monetary worth and the proliferation of its real-world usage.
The monetary worth of the cryptocurrency: investors interested in speculation focus on its worth. When the price rises in value, investors can sell and enjoy the profits. Monetary value is highly driven by network effects. The more people hold and use the currency, the higher they value it. For BrandTokens, 1 billion tokens will be created. This will create a system of token appreciation as more people use the token.
Benefits of the Brand Tokens
For Customers
- Many Brands in one place – get the most out of what you’ve earned!
- Instant and transferable rewarding – tokens priced realtime
- Many good, customized deals for everyone
- Friends on board – sharing is caring – buy together even cheaper
- Manageable token wallet with friends and family
- Better User Experience – more fun
- Play & Win and Play & Earn programs for tokenized members
- Extra promotions not accessible for untokenized users
For Brands
- Simple and low-cost loyalty system
- Higher clients retention
- Lower customer acquisition cost
- No need to buy third party “points”
- Bigger engagement in social media
- Higher brand awareness
- More data with higher details and new insight
- New methods of influencer and word-of-mouth marketing incentivisation
- Free subscription for buying BRND for a minimum of 1 year and even better sales
Why BRND Tokens
One of the core values driving BRND is sharing prosperity with all stakeholders who have contributed to the growth of its ecosystem. Instead of having a small company that shares benefits with only a few directors, we believe a network-type of arrangement is better.
Since BrandTokens allow brands to create their own token on platform, which is the xB token, we are offering them a unique personalized loyalty program opportunity that is easy and cost-effective to run. This way, we are transforming the loyalty management market.
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This article is writing on 29 May 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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