RUCOIN cryptocurrency and the One Global Loyalty Network are aiming to be a bridge between virtual currencies of the digital world and world-known brands’ bonuses/discounts of the real world.
Now consumers don’t have to combine different rewards and loyalty points, they can just use RUCOIN in the Global Loyalty Network, receiving goods and services that are necessary for them.
Loyalty network offers:
Consumers: the wallet with the RUCOIN account, which shows the RUCOIN fiat equivalent. The list of goods available for purchase for RUCOIN under the loyalty program.
For brands: the opportunity of exponential development of the partner loyalty network. This will reduce their balance obligations by means of use/repayment by consumers.
Manufacturers and brands willing to acquire new customers can also become members of RUCOIN LOYALTY.
Owners (of applications/websites): a convenient and meaningful way to reward users for their involvement without the need of creating and managing the rewards system.
Loyalty network offers:
RUCOIN token is a token on ERC20 integrated into ThePower network. It will be a means of exchange and use in the system. Being a cryptocurrency, the RUCOIN token will provide unlimited, safe and secure transactions between partner brands around the world. In addition, RUCOIN will also act as an exit point for site owners who try to attract users. This model will lead to the consumer base growth in the ecosystem, which will result in transactions increase.
The key components of the proposed solution will be RUCOIN, namely the Complex of Interaction between the Clients and the RUCOIN LOYALTY Network.
The RUCOIN tokens are the reserve/primary currency for the entire ecosystem, which will become a means of exchange for any transaction in RUCOIN LOYALTY, just as the US dollar is the currency of the global reserve or the base currency that facilitates international trade by the general exchange rate. Using the RUCOIN token, partner brands and manufacturers can establish the exchange value for their rewards bonuses. Due to the RUCOIN token, repayment will be governed in the ecosystem.
During repayment/use of rewards bonuses: When a user from a partner brand or sites uses his bonuses in a global rewards network, the corresponding brand or site will charge a fee for the exchangecost together with the commission for the transaction (0.01%) of providing the use opportunity. The fee will be transferred to the brand that has shown the products in the bonus program for use/repayment. There will also be a 1% interest payable by the brand for increased sales due to RUCOIN LOYALTY.
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