The token that is used for the Wulet platform comes not only useful for the issuers/partners, but of course for the customers.
The Wulet infrastructure includes 4 main participants. They are Loyality token issuer, Loyalty token consumer, The Exchange service, and end users (customers). These participants create a flow within Wulet and interact with each other simultaneously.
The main part of the platform are of course customers. They create a community around WULET, utilize tokens at most, convert tokens via the exchange and also pay for their goods.
Customers, as key figures, take control of the WU tokens: they can convert loyalty tokens on the exchange through the platform and they can pay partly of fully for the partnersβ goods wit a loyalty token.
The amount of tokens spent on the purchase of the product comes out of circulation, that is, it βburns out.β A partner can also limit the lifetime of loyalty points. In this case, the points are burned after a specified period.
If the platform reaches a critical mass of users and a significant token turnover, a WU token will become an international payment method both for the WULET platform and outside, with a minimal fee for the fastest transaction for customers.
