Let’s talk about token loyalty points.

To implement the basic functions of the loyalty points on the WULET platform, a specific token will be issued for every type of loyalty point. This token will function analogously to the WU-token, our basic token. This means that token loyalty points will be also compatible with the standard EOS-token, except for the following:

1️⃣There is no limit on the issue of token loyalty points, though their emission can be limited for a particular time period or have supply constraints.

2️⃣The transfer of tokens is limited by the WULET exchange. This will restrict the trade of these points on outside exchanges and the transfer of tokens directly between users. In the future, this restriction can be lifted by the admin for all or particular tokens.

3️⃣Since each loyalty point is an obligation between the partnering company and the point holder, it is logical to “burn” these points when they are used for payment (or fulfillment of that obligation), thereby removing them from circulation. This is exactly what happens on the platform.