Existing brands, systems, and strategies do not need to learn new technology or a new app. Custom apps can be easily developed using DigitalBits API and SDK library. Moreover, the protocol can be easily
- The platform users need to stake a minimum of 10 XDB to use DigitalBits. This is a protective security feature.
- It acts as a bridge between different digital assets.
- Pay transaction fee on the platform in XDB
- The node operators can earn rewards in XDB
Direct benefits of blockchain-based cryptocurrency rewards
- Lower operational costs
Blockchain-based reward programs are efficient as they offer better system management. Effectively, this helps in better customer and transactional acquisition. As these programs are efficient, they reduce system management costs and prevent fraud. Moreover, projects like DigitalBits add a new dimension to loyalty programs. That’s because they offer mass liquidity to theoretically any token. - Decentralization of reward systems
In a traditional reward system, the points are stored on a centralized server. In case of a hack or a fraud, a customer can lose all his reward points. But if the customer uses a DEX like DigitalBits for a reward program, he will be in complete control of his reward point assets.
- Near-instant experience
On a highly robust blockchain as DigitalBits, the transactions can happen instantly. Thus, the reward redemption process becomes quick and engages more customers. - Secure environment
56% of consumers today do not feel comfortable sharing their personal information with brands. As blockchain is immutable, the complete consumer data is secure on the blockchain. With that, a consumer feels secure to enroll for a loyalty program and take full advantage of the same. - Business opportunities
Loyalty reward programs have proved that they can play a vital role in retaining customers. Using blockchain, brands can create efficient loyalty programs and can engage more customers. DigitalBits is taking a unique approach as it is not asking anyone to change their learned behaviour. Moreover, it is offering protocol integration to existing apps in such a way that both customer and brand continue using the existing app. However, after integration, the app becomes efficient and has access to mass market of 100% transferable assets.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This interview, overview, or update article has been compensated for media cooperation and has been sponsored for by the interviewed or reviewed organization. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
