Let’s begin our analysis about the SLP Network with a cold, hard truth. Loyalty programs around the United States of America are a broken strategy that has needed some sort of revamp for a long time now.
According to data collected by The Colloquy Census on 2017, at least 54% of the people who signed up for some sort of loyalty program in the last two years is currently inactive or simply not interested on it, and another 28% of the remaining people outright abandoned the program because is not worth their time in any sort of fashion.
The problem it seems is not centered in a single issue but rather a lot of them: loyalty programs that are badly designed or that require too much effort and engagement with the brand are the most common cause. At the current state of this industry, there is nearly $100 billion worth of unused points. For any company, this is like giving away something for free that no one wants it.
Putting a New Spin on Loyalty Programs
This is where a company like SLP comes in. The team behind this new startup is currently developing a platform that will make it easy for every company to create, issue or grant tokenized loyalty points that will be managed using Blockchain Technology.
By fulfilling certain conditions between the company and their customer base, they will be able to collect these reward tokens in the form of SLP toke utilities that will be made valuable to use, trade, or sell into the company’s customary Blockchain ecosystem.
The end game of this type of network is to introduce the concept of digital currencies to customers by attaching them to a failing dynamic that will make these rewards programs worth following again by giving them a brand new spin with inviting technology and lesser conditions of engagement.
How Does the SLP Network will handle this?
The fastest way to get a loyalty program back on track with the SLP Network is by signing up with them and trade the number of bonus points unclaimed in loyalty programs by the networks customary SLP tokens.
After setting up a brand new marketing strategy to bring back customers your business will be able to offer a new set of benefits using these brand new tokens created for this purpose. The user is the one who will make the final call on the type of reward they receive. The system is also designed collected data of these transactions to manage a set of personalized recommendations that will enhance the marketing efforts of your company and make it more efficient.
After the user chooses to spend their tokens on a specific reward the final transaction will be handled using smart contracts that will have the company receiving a flow of feedback on how well their new offering is doing or what needs to change to make it work better. If you wish to get the whole picture of how this strategy is going to work, you can visit their: