Introduction:
Loyalty Reward Market is the developing industry where many other industries' customer retention policy is dependent on. Like the Banking industry, Shopping and E-commerce industry, Fashion and Retail industry and many other industries have introduced a new system of retaining their customer so that they do not get attracted to other competing industries. As the name suggests, Rewards will be distributed or gifted to the loyal customers who are indirectly responsible for the development of any company. And as they say,
"Customers are like God for us, pleasing them is our first priority."
Not exactly as the words say, but Rewards are given in the form of points, cash-backs, and coupons of various other eating or shopping outlets. They are distributed on the use of Debit card or Credit card for buying various kinds of stuff, for eating food and for watching movies. Being in points means it is not a physical quantity like our fiat money are! But it is a digital value in your own particular account or on the silicon chip, the yellow square-like strip that is present on the right corner of your chip. But being there inside the chip, it needs to be redeemed. And one cannot redeem it in for fiat currencies but only can redeem it against things that are in sell.
And also the validity of points being in your account is only for few periods of time after which it clashes to zero. A person doing the mistake of not getting those points helps the Loyalty Program Operators (LPO) to snatch it and use it for his/her personal use. So, some of the hurdles were needed to be solved to reach our destination in a most comfortable way!
Gabrotech has brought unique solutions to the hurt points that are in existence in this system of Loyalty Distribution where with the help of Blockchain Technology that keeps any type of fraud or hindrance away from the system, will promote customer retention in a better way.
Using Blockchain technology one can keep a check on how much points one has earned and verify transactions which makes a way to the point's Wallet. Yes! A dedicated wallet only to be used for collecting points and redeeming it. One can also store, transact, exchange, redeem, and buy various other crypto currencies too using that wallet.
But when do we get rewarded with points? When we use plastic money to buy various kinds of stuff. So now one can use company's released pre-paid cards, which are like normal credit cards to buy kinds of stuff or withdraw fiat currency. Also, the company provides other services like Conversion of those points which they named it as 'Loyalty Central' through which you can convert your points to any crypto, or fiat currency. Also, company's released token which they named it as Gabro Tokens (GBO) will act as one of those rewards that a merchant can earn for accessing better services in transferring of money to other person or anything else or customer can earn discounts and offers
ICO and the team
The official name of the token as you know will be Gabro Tokens (GBO). A Billion of tokens will be distributed with a rate of 5000 GBO per 1 Ethereum which will be used to raise funds for various reasons like for the development of the company in sectors like R&D and Development, to maintain Partnerships, for Marketing and Customer Acquisition and many more. Funds will be raised by the means of selling tokens to the public. Some amount of tokens will be kept reserved for Bounty Advisors, Founders and for using it in future.
Conclusion
Loyalty Rewards are a thing which many international companies have started companies especially all companies in the banking and finance sector, where they not only encourage to use plastic money but also engage people with themselves. So why not encourage them to use Crypto currencies instead and help them by decreasing the effort and money required for transfer, exchange and redeem of this points!
Website - https://gabrotech.io/
Whitepaper - https://cdn.shopify.com/s/files/1/0067/8313/9898/files/Whitepaper_LongVersion_Portrait_v17.pdf
ANN - https://bitcointalk.org/index.php?topic=4541530.0
Telegram - https://t.me/Gabrotech
Published by - coineaglebt
Btalkprofile - https://bitcointalk.org/index.php?action=profile;u=1936073