With Alloy, it will be possible connect multiple networks, consolidate and redeem reward points from several different real-world merchandise products and services and transform them into redeemable local store awards. Alloy is the solution to an estimated 48 Trillion reward points that don’t get redeemed on member accounts of different apps and platforms at an estimated value of $360 Billion.
The top reasons people don’t redeem their points are:
• 57% of consumers are not even aware of point balance.
• 38% of the unaware consumers don’t know what the points are really worth.
• 57% of consumers that signed up for a reward program think that it takes too long to earn enough points or miles.
• 53% of the consumers show no interest in the kind of rewards they can get with the points or miles.
Global Rewards Network
Alloy will feature a Blockchain based Global Rewards Catalog that will connect brands, consumers, and publishers on the Alloy platform. The Global Rewards Network will allow the registered users of the partnered publishers and brands to link, add up and convert all the reward points from the different networks to any local Fiat Equivalent ($/¥/€/₹ and others) where the user is present to be used with services and products with partnering brands.
Kinds of Virtual Currencies
The Alloy Global Rewards Network will be able to support Virtual currencies that range from a person’s Existing Brand Reward/Loyalty Points to In-App credits to even different Crypto-currencies:
• Cryptocurrencies
• In-Game Points
• Reward Points
Defining ALLOY
ALLOY Tokens are defined as the Reserve/Anchor currency to be used for the complete ecosystem, which will be the required medium of exchange in order to conduct every kind of transaction on the Global Rewards Network. In a similar fashion of the USD being used as an Anchor Currency that facilitates International Trade through a common exchange factor, or simply the Global Reserve Currency, the use of ALLOY TOKEN will allow Partnering Brands & Publishers to establish the exchange value for their reward points, which will determine and rule redemption of points in the ecosystem.
REPAC (Real-time Points Adoption & Conversion)
From a high level, REPAC makes local Fiat transactions possible between parties doing business and makes it totally smooth for all businesses involved. Looking at it in detail, REPAC makes use of Blockchain & ALLOY that make global cross-border transactions possible. This process upholds the value for all three stakeholders, which are brands, consumers, and publishers when all the currencies & in-house points of different values are converted to a common ALLOY baseline (based on the market value), in real-time, through the use of Smart contracts all the way to auditable and secure transactions.
How the Alloy System Works
A person that is an Alloy user that lives in India can use their reward points when traveling to other countries can redeem their points to use them in cities such as New York on a local brand through the use of REPAC technology, and have a rewarding and redemption experience without borders.
Benefits of the Rewards Network
• Brand
An opportunity for exponential expansion of its loyalty/redemption partnerships throughout the world, as well as having diminished on-book liability with increased redemptions
• Publisher
A real way of rewarding users for their participation without having to deal with the hassle of creating and managing a way of creating and delivering rewards or having their own exit catalog.
• User
Access to Global Rewards Catalogue featuring highly diversified goods & subscriptions, which can be attained with reward points users accumulate from multiple brands & publishers
Token Sale Terms
Tokens will be sold with a maximum cap on crowdsale of 86,956 ETH.
The total token supply will be 100 million (100,000,000) ALLOY.
Token Distribution
• 50% of tokens will be allocated for Token Sale.
• 20% of tokens will be retained for the core team, early backers, and founders.
• 30% of tokens will be reserved for facilitation of transactions and incentives.
Cost
1 ETH is the cost for 575 ALLOYS. Alloys can be purchased with BTC and ETH.
Benefits and Privileges of Alloy
A Token Holder Privilege Pass allows up to 2% of additional cash back as well as discounts. It also provides early access to the Rewards Network. It also entitles the holder to a Prestige Plus “Priority Pass” membership. It also allows access to Alloy redemptions.
A Consumer Cashback status concedes 0.5% of checkout value to Alloy cashback on Rewards Network checkouts.
Roadmap
Fundraising & Distribution which involves the Pre-ICO & ICO Sale of ALLOY tokens, as well as token distribution to all the public, are set to occur in the 4th quarter of 2017.
Legal, Recruitment & Technology which involves recruitment for key talents legal, as well as the financial planning and framework for the APAC market, constructing the core technology on Blockchain, and finally the Android version of the Alpha Consumer App Launch are set to occur in the 1st quarter of 2018.
Upgradation & Phase Launch which includes updating existing components by using Blockchain technology, establishing strategic partnerships with mainstream brands, launching the Micro Redemption Catalogue in APAC (India Indonesia, Singapore, and Thailand), creating an outbound publisher acquisition channel that connects to the Rewards Network, making preparations of launches in Canada and Spain as well as preparing for the legal, financial planning and framework for both Canada and Spain, and also the Android and Web Beta version for the multi-language consumer app are set for the 2nd quarter of 2018.
The expansion of the Micro Redemption Catalogue with brand partners in Canada and Spain, creating partnerships with gaming companies to the Reward Network, creating partnerships with airlines, hotels, and major banks, make preparations for launches in the UK and Australia as well as preparing for the legal, financial planning and framework for both the UK and Australia, preparing for the iOS Beta version for the multi-language consumer app, initiating partnerships with Telcos and utility companies in respective geography operations, and firming the acceptance of Alloys directly for customer redemptions are set for the 3rd quarter of 2018.
The ALLOY Accepted and Catalogue & Geography Expansion project will involve launching the Macro Redemption Catalogue, launching the Rewards Network with brand partners in Canada & Spain, preparing for the launch of the USA and Japan Markets with brands, publishers, and partnerships, creating the legal structure, financial planning and Framework for the USA and Japan markets, creating partnerships with airlines, hotels and major banks in operating geographies, establishing the Final Rewards Network Multilingual Consumer APP & Web rollout are set for the 4th quarter of 2018.
The acceptation of multiple kinds of CryptoCurrency in the Rewards Network and the expansion of multiple kinds of cryptocurrencies in Canada and EMEA are set for the 1st quarter of 2019.
Growth and greater expansion in the USA, Brazil, Japan, Korea and other countries are set for the 2nd quarter of 2019
Links
Whitepaper https://s3.eu-west-2.amazonaws.com/alloy-token/ico/Blockchain-Based-Universal-Rewards-Network.pdf
Official Website https://alloy.rewards.network/
Announcement https://bitcointalk.org/index.php?topic=2176653.0
Facebook https://www.facebook.com/codemojo.io/
Twitter https://twitter.com/codemojoio
Telegram https://t.me/joinchat/GLxiyg2vHj6CwLl3-yydGw
Slack https://alloy.rewards.network/slack
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=119768