SUBAJ is disrupting existing reward system through the use of blockchain technology
The advent of blockchain technology has
pave way for improvement of existing ideas and also development of more
efficient ecosystem through which services are rendered more efficiently. Such
creative idea is what is giving birth to SUBAJ global network (SGN). A project
startup intending to create a platform where merchant, retailers and customers
coexist strictly for mutual benefit. Through SUBAJ platform, individual
merchant and retailers can create token which can be used as a royalty reward
by customers. Loyalty reward is not a new discovery through which merchant and
retailers use to drive foot traffic to their various stores. However
traditional loyalty rewards are point based which is characterised with many
problems which makes the goal of reaching more customers not to be achieved. Customers have limited information about their
point based reward. Some customers have many point based rewards from different
merchants. Such reward cannot be accumulated and get used in a single merchant
store because they operated independently.
Manifestation of these inadequacies has
affected foot traffic in various stores globally. SUBAJ will bridge this gap
that exist between merchants that offer loyalty rewards and consumers by
creating a blockchain based platform through which merchants can create a smart
token which will be used as loyalty reward among customers. These have many
advantages compare to the traditional point based token which we are all
familiar with. Firstly customers will have total information and control over
the token reward earn. This means information such as the value of the token
earns will be visible. Also just as it is being stated that many customers have
loyalty rewards from different merchant, SUBAJ exchange platform allow exchange
of reward token to another which means a user may decide to accumulate all
his/her token for a particular reward token which can be used in a merchant
store. Rewards are tokenized and geo dropped through geofencing technology into
the customer account on SUBAJ blockchain platform.
On the SUBAJ Platform, various business
token created by merchant can be traded with SBJ token. The SBJ token is a
public token just like Ethereum and Bitcoin which will be available and can be
traded in exchanges available on the market for fiat. Converting reward
directly through exchange to fiat is one of the major advantage compare to the
traditional point based reward in which point cannot be exchange for fiat
except for product and services available on the merchant that offer such
reward.
SUBAJ charity foundation is another
feature which will be introduce by SUBAJ Global Network which will be committed
to serving the deprived and underprivileged children in the society. SUBAJ will
be involved in some humanitarian project in order to reduce poverty rate and
also create world free of discrimination, racism and gender inequality.
A SUBAJ token sale is currently live.
50% of the 5 billion total token created will be sold to be public. In order to
take part in the token purchase kindly visit the SUBAJ website https://subaj.io/
you can further read about SUBAJ by downloading the whitepaper here; https://subaj.io/assets/pdf/Whitepaper_v_2.pdf
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