The WULET Exchange is made specifically for buying and selling loyalty program points that can be transferred to the platform. External loyalty points can also be connected through the gateway.
The Exchange provides a set of mechanisms that are standard for exchange software, but also specific for loyalty tokens: the purchase and sale of loyalty tokens on the market and the limit orders issue.
The Exchange is basically a contract that works as an indirect exchange of loyalty tokens between their holders. It allows the token holder to put their assets on the stock exchange and withdraw loyalty tokens. Partners (owners of tokens) are allowed to release loyalty tokens on a stock exchange and establish restrictions on exchange pairs. In this case, the exchange of one type of token to another is realized through an intermediate exchange for the WU token.
