The Crypto Rewards & Loyalty Programs
In today’s dynamic and hyper-competitive world, brands and businesses are striving hard to improve their customer experience and in turn, build an iron-clad customer loyalty programs, as winner takes the lion share of the market opportunity. The fact is, traditional rewards & royalty programs are insufficient to meet customer expectations, they cost more to the brands than returns, provide very narrow options to the customers, and most importantly they really don't create loyalty.
We believe, by bringing the Rewards and Loyalty programs on the blockchain aided by Artificial Intelligence, we can enable brands to overcome the limitations of traditional loyalty programs, promote interoperability, boost loyalty, and foster innovation. This will open up a new world of opportunity for the customers to use their rewards programs as a tool to invest, grow, share, trade, and redeem their choice of utility with freedom and flexibility.
State of Rewards & Loyalty programs
★ A customer is part of an average of 14.8 loyalty programs, but active in only 8.1 programs
★ 31% of Rewards expire even before customers could use them.
★ The COVID pandemic has put $107 Bn Airline miles that contribute to 60% of the global rewards market in jeopardy.
★ 95% of consumers want use of emerging tech like chatbots, Artificial Intelligence, blockchain, etc. in their reward platforms
★ Gen Z is less satisfied with reward programs as it doesn’t hedge against inflation does not provide an investment opportunity.
REJO AI
The REJO AI protocol envisages leveraging the crossroads of Blockchain and Artificial Intelligence to build path-breaking applications that are open-source, community-driven, secure, scalable, and sustainable.
REJO AI will evolve as a platform, with a mission to decentralize the global consumer market with AI-powered blockchain, by building game-changing applications that are built on trust, efficiency, and next-generation smart contracts.
At the outset, we envision revolutionizing the $187 Bn Global Rewards and Loyalty market [Ref] by undoing the flawed traditional rewards program. With the AI at the core of the intelligence engine, the blockchain protocol is here to create a standardized Crypto-Rewards eco-system that offers an inflation-hedged, investment-grade rewards system powered by AI.
REJO Crypto Rewards Ecosystem: The Future of Loyalty Programs
REJO AI will seamlessly combine the power of Blockchains with Artificial Intelligence, to create a whole new market basket for the Global Loyalty & Rewards industry. It is a one-of-a-kind rewards platform comprises of cloud-powered AI & machine learning, big data analytics, and Binance based BEP-20 smart contracts.
The REJO token effectively helps build a bridge between the traditional rewards program and the evolving crypto-economy without any additional investment from their own pocket. This, in turn, breaks down barriers for mainstream adoption of cryptocurrency, promotes stability, increases confidence, and creates an endeavor in which both sides benefit.
The REJO is particularly a unique offering to the consumers, in the fact that it effectively builds a bridge between the traditional rewards program and the evolving crypto-economy without any additional investment from their own wallet.
REJO Tokenomics
The REJO token, as a Cryptocurrency aims to derive its intrinsic value with a sustainable revenue generation model from multiple real-world use cases. Further, we combine the concepts of static reflection (dividend-bearing), passive yield-farming (liquidity staking), and indirect token burning to appreciate the value for our token holders. The tokenomics design of REJO and potential applications to solve consumer problems are poised to make REJO a unique offering in the crypto ecosystem.
The token economics works as:
The tokenomics of REJO aims to incentivize holding and creates a barrier to short-sell by penalizing the transactions with a 10% tax, of which 5% is rewarded passively to token holders via static reflection. 5% will be added back to a DEX liquidity pool.
A 10% flat transaction tax
· Rewards for Wallet Holders: 5% token dividend for holders [Ref]
· Auto Liquidity Pool: 5% added to liquidity pool
· Passive Auto-Burn: A large share of static rewards are being sent to the blackhole wallet.
★ Trustable: For every transaction, 5% of the tokens will be sent to a time-locked Liquidity Pool on an external decentralized locker, making the token invulnerable. The LP will be locked for 5 years to provide a solid base price in exchanges, after which it will be either locked again or will be scheduled for planned listing.
★ Stable: With the auto LP function, the REJO token provides liquidity for exchanges. The goal here is to prevent large dips by large token holders even in the later stage when the token value reaches a significant value. In the absence of an automatic LP function, the price may be fluctuating as much as the sale happens. Thus, it creates a solid price floor and cushion for holders.
★ Compounding: The passive rewards mechanism to REJO holders by a way of static reflection makes your token compound as you watch. For transactions done by others, 5% is distributed as dividends to amortize the wallet holders. There is no need for staking or timelocks or unnecessary waiting period types of inconvenience since everything happens on the fly. So token holders’ balances keep growing through time effortlessly.
★ Progressive: Apart from passive rewards, the indirect auto burn constrains the supply and creates a deflationary ecosystem making the value of REJO appreciate over time. It also serves as an incentive to hold onto the tokens. The token burn is achieved through a vault known as the Black Hole which is essentially a wallet. The Blackhole vault, also being a wallet, receives proportionate rewards thus diminishing the total supply.
10% of the initial supply will also be sent to the dev wallet, to raise funds, that will be used to cover all operational expenses related to talent hiring, product development, marketing, influencer payments, listing fees, additional liquidity support if the LP pool is not big enough and legal support for REJO AI Inc.
Wallet and Distribution Schedule
Our wallet shares are allocated to necessary entities and will be locked up for a gradual release to ensure a smooth token distribution.
Token distribution schedule works as follows:
The REJO Advantage
Key benefits that the REJO token will usher in the Rewards & Loyalty marketplace are:
✓ Interoperability — Making rewards a truly rewarding utility by making it seamlessly exchangeable across the globe making it a unified rewards redemption platform. This underpins the token as a global tool for exchanging true value.
✓ Stability — The high potential of business volume, combined with its staking reward mechanism makes the token of high utility and the opportunity to become a growing, stable and frictionless investment medium.
✓ Zero Investment — Consumers can now port their rewards from multiple loyalty programs that leave unutilized into a crypto investment without spending from their own savings. This will allow the whole basked of rewards to converge and deliver a large discretionary power to invest and grow.
REJO is here to change the rewards landscape with the blockchain ecosystem powered by AI.
