History of Loyalty Program
For ages, customer loyalty programs meant you got a little punch card to tally your purchases so you could eventually be awarded with a free coffee, car wash, sandwich or cash back. In the early 1980s, American Airlines decided it wanted to take the idea of nurturing its customer base a big step forward and give fliers something extra special. The airline created the first frequent flyer programs that allowed travelers to accrue miles for future flights — as long as they kept flying with American Airlines, of course. The program was one of the first widely accepted customer loyalty programs in the country, and it set up a framework that became a standard not just for the entire industry, but also for what customers expect from airlines.
Then we have cryptocurrency, the rising digital payment system that rocketed in value tremendously throughout 2017, increasing the wealth of early investors and now everyone is trying to get involved and profit from this new technology.
We all love having a little extra, whether it’s a free desert with your meal in a restaurant, a bonus payment at work or a simple “thank you” for a deed you were prepared to do without recognition or appreciation. This underpins the success of crypto cashback reward programs.
Why to use blockchain technologies?
Distributed ledgers and blockchain protocols bring unprecedented value to the loyalty program of the future. Despite the growing popularity of cryptocurrencies, only a few people have them at their disposal. WULET aims to provide crypto-cashback from everyday purchases and its main goal the popularization of cryptocurrency as a common payment instrument.
What is WULET and what they are offering?
WULET is a blockchain platform that will give its users the opportunity to use cryptocurrency in everyday life, and businesses the chance to attract new clients and keep their current clientele.
Bill Gates: “The future of money is digital currency.”
Besides this, blockchain technologies will allow:
Key capabilities of WULET
Important factors influencing the value of WU tokens
Supply and demand define the WU tokens’ value. The demand comes from the merchants that use WU to reward their customers' actions. The supply comes from the customers, who redeem their tokens.
It is as simple as customers make purchases and merchant rewards customers with WU tokens. Now, it is up to the customers either hold WU tokens or spend tokens at the store.
| Step 1 | Step 2 | Step 3 |
|---|---|---|
| Customers make purchases | Merchant rewards customers with WU Tokens | Customers hold WU Tokens or spend tokens at the store |
Crowd Sale Stages:
Token Distribution:
Brain & Team behind WULET?
German Domanskii who is the CEO of WULET Graduated from Hague State University, creator of the Foodism app that was launched in mid-2017. The rest of the WULET team is very energetic who is working hard under his supervision.
“To Build the Loyalty, Blowout the Love”
I wish this project a huge success.
