REM Loyalty (REM) ICO Review and Rating

What is REM Loyalty about‍

REM Loyalty is a blockchain-based ecosystem for loyalty rewards programs, linking both crypto and traditional consumer communities. With REM, consumers can easily manage multiple loyalty programs as well as purchase, exchange and redeem partnered reward points. REM’s App Wallet offers secure and fast transactions and the industry’s highest cash back redemption rate. Loyalty program partners also benefit through enhanced revenues, smart analytics and and easy to adopt APIs. Powered by Stellar, REM helps you unlock the value of your rewards.

REM Loyalty ICO Review and Analysis

Review and analysis of REM Loyalty by ICO analysts:

Strengths

Team is medium sized, verifiable and highly capable of developing the product
Really simple and easy to understand token model
Relevant partnerships acquired already

‍

Potential concerns

Few reviews and media articles found on organic Google searches
Really small social media communities at the time of review

‍

The team has acquired some relevant partnerships already like AirMiles and Uber. These partnerships can’t be confirmed by the investor easily.

What is the value proposition?

An effective customer loyalty program can help businesses win the mindshare of their top 5% customers who bring in 30% of the revenue. With approximately $100 billion US in loyalty points left unclaimed in North America, this provides a case for REM Loyalty to disrupt the limitations of the current loyalty reward programs with the support of blockchain.

‍

REM Loyalty is unlike other projects in a few ways:

‍

Backstop value

MVP from day
No soft cap
Global Redemption partners from day 1
Works with existing loyalty programs and provides a program for those without 4. Highest cash redemption rate in Loyalty industry
Program changes only by vote
Partnered with a new global loyalty initiative rewarding rent

‍

Interactions with the technology‍

REM Loyalty is developing its own digital wallet that features a built-in Rewards Market made to manage and to redeem points from partnering programs. The REM Wallet will be available from Day 1 with features not typical of crypto wallets, such as:

‍Conversion to rewards points of any partnered loyalty program
‍Redemption to any partnered loyalty program
‍Scan and receive REM through QR bar codes with partnered products
‍Voting on significant community issues
‍Fiat redemption to a large choice of currencies at any time
‍Buy and sell REM and convert to other crypto currencies (when 35% of REM are sold or August 28 whichever is sooner)

‍

The REM token

1000000000 REM tokens will be sold at 0.04 USD. Biggest reasons for token’s value to increase over time? More partners in the ecosystem providing greater choices for customers, leading to greater number of redemptions/transactions, increasing value of the REM through redemptions, token purchases and exchanges.

‍