REM Loyalty is a blockchain based rewards ecosystem linking businesses with customers through the REM token and App wallet. We help customers unlock greater value from their loyalty points while allowing businesses improve their loyalty management strategy.
The Remuneror (REM) is a blockchain based loyalty rewards token, the centerpiece of the ecosystem which includes the REM Electronic-wallet. This ecosystem provides enhanced value for both loyalty rewards issuers and users across all parts:
1. REM Utility Token. The world’s first interoperable reward token. Blockchain technology facilitates transferability, including the ability to buy and sell for other assets on secondary markets, providing increased liquidity.
2. REM Electronic Wallet. A mobile, crypto wallet that enables users to track their loyalty reward points, redeem at partner programs of which they are members, redeem for fiat redemption and earn REM through the QR scan feature.
These components allow liquidity, interoperability, security and improved the user experience. They also provide a framework that enables multiple loyalty rewards issuers to participate in one market and increase the benefits to all network users.
Within the REM ecosystem, participants’ REM (rewarded or purchased) will be deposited directly into their REM wallet that have reward tracking features across various loyalty programs. During the limited token sale, REM will be immediately redeemable through the REM wallet for goods and services offered through the REM Marketplace. They will also be available to trade on the peer-to-peer exchanges built into the Stellar Blockchain once the minimum sale volume or October 29 is reached, providing retail customers and businesses alike with the ability to sell their tokens for their fair market value.
Consumers build expectations in their minds that current loyalty programs do not have the ability to deliver. Even the cash back offering needs improving – the long waiting periods (days, if not weeks) for points to appear in users’ accounts relies on trust and causes friction.