It is never easy to have customers come back to patronize a business especially with the intense competition existing in different sectors. People are becoming more difficult to please. E-commerce stores can attest to this fact. Making repeat customers off potential ones would take a lot more than marketing. Apparently, many businesses didn’t get the memo.
The loyalty reward program has been propagated as a feasible approach to encouraging customers to patronize them on a repeat basis. Has it succeeded as claimed? Perhaps, it hasn’t. Many of the current LRPs are lacking in substance. If it’s not the absence of a technological framework, it’s the huge financial cost that comes with setting up and maintaining a loyalty program.
With the rise of blockchain over the last few years, there has been an influx of Loyalty rewads (LRPs) on the technology to boost the chances of getting repeat customers. While many of the projects have made headway in the use of blockchain for loyalty reward programs, there has remained challenges which this current crop of projects has failed to tackle. If these LRPs are to achieve a resounding success, a new broom would need to be in place.
SMATHIUM SOLUTION
It’s not every day you encounter projects like Smathium that have placed square pegs in square holes. The blockchain based concept intends to revive the currently comatose LRPs which would help enterprises have customers always patronizing them on a recurring manner. Its structure imbibes the use of the cryptocurrency in rewarding patronizing customers. Smathium uses decentralised Application (dApp) where all business enthusiasts can make their own payment using the token SMT tokens as its transactional cryptocurrency, and businesses are availed the opportunity of customizing theirs.
As the use of mobile phones and the power of the internet have become quite rampant, Smathium inculcates the use of mobile applications to ensure loyalty and reward programs are just as widely accepted. By having a single app for every business, until the latter opts for a more brand-friendly one, Smathium ensures customers can easily access all their tokens on the different businesses they patronize without installing multiple apps or stuffing their pockets with several loyalty reward cards.
While many LRPs projects have their concept based on cryptocurrency, steep fees have remained a deal breaker in many instances. Smathium intends to standout by being hitched on the thier APP framework where users are not bamboozled with unreasonable transaction fees.
There’s the quicker confirmation phase for transactions which ensures users are saved more time to dedicate to other tasks.
While inflation is expected in cases where there’s a surplus, the smathium platform appears to have marshaled out plans on avoiding the repercussions of inflation using state-of-the-art algorithm.
The financial implication of running an loyalty reward has remained a problem for many businesses, and the enterprises that decided to go through that route have often come back cap-in-hand. With the creation of the smathium platform, lots of businesses have the opportunity to take advantage of the immense sacrifice another incredible ways they are making this happen us by regular communication and engagement with the stakeholders especially as it concerns putting their business out there.
TOKEN DETAILS
Token details
Token price: 1ETH = 20,000 ~ 25,000 SMT
Total sales: 4 billion SMT
Token symbol: SMT
Total supply: 10 billion SMT
For more insight, please do well to click on the links below:
Website: https://smathium.io
WhitePaper: https://drive.google.com/file/d/14AOnnmRhb74E1OQ0ggofj2ZlOcgIq3SH/view?usp=sharing
Telegram: https://t.me/joinchat/AlZnIk2fqNN1BK0PFTPNFw
Facebiik: https://www.facebook.com/smathium
Twitter: https://twitter.com/smathium
YouTube: https://www.youtube.com/channel/UCk0mm3mUpT_qyRZzzM6wxzQ
Medium: https://medium.com/@smathium
Reddit: https://www.reddit.com/user/smathium
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1364082