The REWARD Coin is a cryptocurrency to be used by the loyalityrewards.io platform. The program will use Block Chain technology to store value in an electronic wallet.
The rationale behind the development of the Loyalty Reward Coin, was to introduce a new and easier way to award loyalty to customers for their subscription, sharing or buying of products and services.
The value proposition offered by REWARD, is the empowerment it provides.
The “REWARD” coin stores value in an electronic ledger (or wallet) keeping its value secure over time and can be used across participating exchanges (hospitality or travel services) that except it as currency.
The scalability of BlockChain technology, makes the REWARD Coin the ideal solution for Loyalty Programs and aims to bring structure across an otherwise fractured collective of independent Loyalty programs which exist across the hospitality and travel industry.
Hoteliers.Guru is developing a new Loyalty Program that will empower hospitality providers and their customers with ingenious ways of rewarding and redeeming loyalty rewards.
The Loyalty Awards loyalityrewards.io Program is one of the first loyalty platforms to reward customers electronically using Block Chain Technology. The loyalty reward provided by the merchant will be in the form of a digital coins, whose value will depend on the purchase. The digital coin will be known as the “REWARD” Coin.
The REWARD Coin will hold its value electronically and also be kept inside the customers own digital wallet. New coins that are earned under the loyalty program can be added to the digital wallet, redeemed or traded on a reciprocal hospitality exchange for products or services.
Hoteliers.Guru is investing in the development of the loyalityreward.io coin as a value-added extension to its existing range of products and services – especially for Loyalty Purchases from its On-Line Store and Direct Booking Engine for Hotels.
The empowerment possibilities afforded to customers mean they can use the value earned from their digital coins to trade across different hotel or travel exchanges within the Hoteliers.Guru and Trip Gu portfolio.
The Thai Consumer Travel Portal – Tripgu.com will pioneer the launch of the Loyalty Reward program.
Tripgu.com is e-commerce travel platform that connects travelers with genuine (local) tours & activity providers though a point of sale shopping service. Initially Tripgu.com will focus mainly on the domestic market in Thailand but has plans to expand further afield into the broader APAC region.
Customers using the Tripgu.com Platform are eligible to receive and earn REWARD Loyalty coins for signing up, sharing and buying products and services.
The Loyalty awards given for the purchase of products and services will be in the form of a digital REWARD Coin, whose value can be used during their next purchase, stored as value electronically in a digital wallet or traded on a reciprocal (hospitality or travel) exchange.
Once successfully implemented to the Tripgu.com network - the loyalityrewrds.io platform will be open to wider deployment with other hospitality and travel merchants in similar related fields.