July was a hot month for Xank (literally and figuratively). As the monsoon season hit us in Korea, we flew to blockchain conferences in the Asia region, where we presented and engaged with fellow blockchain leaders and enthusiasts. We also adopted a marketing strategy that benefits companies, consumers, and Xank. Here’s a look at what happened in July.
This is how it works. By allowing consumers to redeem loyalty points with Xank, we create more options for the use of points that are often laying around unredeemed. Xank in turn receives these points from consumers and then proceeds to burn the points, writing off loyalty program liability for businesses who have joined our program. What does Xank gain? Xank partners with businesses to have Xank accepted at the payment terminals of companies that have agreed to work with Xank. It is a win-win-win situation.
Currently, Xank is in talks with several Korean corporations for the implementation of this redemption program.
You can find more details about this in our white paper.
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As we enter August, we expect much more exciting things to come before the blazing summer ends. Stay tuned for more good news!
