Cryptocurrency customer loyalty rewards programs could be the much-needed solution to low crypto adoption problems. The flexibility offered by a cryptocurrency-based loyalty program could propel the crypto industry while also bringing efficiency in the customer loyalty programs industry.

Businesses are always looking for ways to reward their loyal customers. Loyalty programs have become digitized as technology progressed. Nonetheless, the industry has not evolved and customer usage is dwindling. Most customers are abandoning loyalty programs without redemption. From the consumer side, rigidity is a big problem because rewards earned by customers can only be redeemed at a specific retailer’s outlet. There are also issues like loss of cards and expiry of points.

Secondly, on the business side, business incur increasing costs in order to properly manage their customer loyalty programs in acquiring and retaining new customers

TEE-coin Ecosystem

This disconnect can be eliminated by using a cryptocurrency-based loyalty program. TEE-coin is already providing the solution by creating a token ecosystem, solving both customers and business pain points.

TEE-coin is designed as a utility token for the TEE-ecosystem that enables users to earn it, make payments and get rewards in a fast and low-cost manner.

Existing cryptocurrency users can easily join the program by exchanging their tokens with TEE-coin and buy coupons easily redeemable at participating outlets.

Other general users can purchase TEE-coin and use it in the ecosystem.

In addition, users will be able to:

- Exchange loyalty points from other reward programs

- Use TEE-coin to make payments

- Purchase e-coupons

The ecosystem also includes the ChatTee mobile application, a token economy that rewards users for participating in activities on the platform and sharing experiences. Users can earn TEE-coin by logging in to ChatTee or by referrals where they earn up to 50 Tee-coins. In addition, users can get tipped in TEE-coin by other users. The TEE-coins earned can be used in various merchants listed on the platform.

On ChatTee, users will be able to;

- View all available coupons by category and purchase them

- Top up TEE-coins by exchanging with major cryptocurrencies

- Redeem the coupons by scanning on QR code at the merchant’s counter

- Coinback: when users redeem a coupon, they receive up-to 5 TEC as Coinback.

The TEE-coin review platform is therefore different and better than existing platforms such as Yelp and Tabelog.

Bringing all these aspects together creates an innovative, flexible customer loyalty program that favors both businesses in helping to expand their reach by connecting merchants and users as well as providing users with a fun and refreshing way of providing reviews and getting rewards all in one platform. TEE-coin is not just an idea but already has a working product in the Singapore market and expanding rapidly around the Asia Pacific region. The ChatTee platform already has participating merchants and users so as a new user; it is fast and easy to get started on the platform.

TEE-coin is therefore at the forefront in propelling a multi-billion customer rewards industry while bringing real-world utility of cryptocurrencies.