Tokens are not a new thing. Most retailers and consumer businesses already have their own tokens — loyalty points and bonuses. The history of loyalty programmes could be traced back to 18th century when shop owners gave customers copper tokens that could be used to buy goods later. Today loyalty management is a huge business, but it’s inefficient since most loyalty points are never used, failing to bring customers back. SLP Network solves this by enabling a free exchange for bonus points and creating targeted, personalised loyalty programmes.
While rewards points might seem trivial for each individual consumer, it’s actually a big business. The value of the total global rewards market is more than $320 billion, projected to grow to $500 billion by 2019, according to City Retail Services. Startups and blue-chip companies alike use loyalty programmes to stimulate repeat purchases and generate recurring revenue. SLP Network solves real problems in the industry through tokenizing a strong product validated by real users — that’s why they are a great partner for Cindicator and the Symbiotic Network....
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