Review on LoyalCoin by Fanuel PORPORTY
Loyal Coin - Rewards Platform
LoyalCoin is a cryptocurrency focused on customer loyalty which aims to replace and improve traditional loyalty point systems. LYL is a token that serves as the currency in the LoyalCoin ecosystem. It unites the different industries and their loyalty. In traditional systems, it is only possible to use loyalty points in the same store. The objective of the project is to become a gateway allowing to be rewarded for the purchase or use of products or services. All your loyalty points are gathered thanks to the LoyalCoin application. You no longer have to remember the number of points you have, download 10 applications or keep 30 loyalty cards. You can then use your points or rewards, which are LYLs, to pay with partners.
Pros
- LoyalCoin has an Android and iOS mobile wallet.
- To earn LoyalCoin with the LoyalWallet wallet, simply purchase products from LoyalCoin partner merchants. You have to scan the QR code of the application. This allows you to benefit from discounts or free items for each purchase.
- The strong point of the application is that it allows you to share your loyalty points with family members or friends by sending them LoyalCoin directly. It is also possible to convert loyalty points (LYL) into other cryptocurrencies like Bitcoin, Ethereum and NEM. It is even possible to receive fiat.
Cons
- The project seems to have interesting partnerships and real usefulness. However, the lack of communication on the part of the team and the youth of the project push us to remain cautious.
