SMATHIUM PROJECT OVERVIEW
Loyalty reward programs are nothing new. In fact people belong to so many of them that it’s nearly impossible to keep track of these rewards, and many of them even go to waste! Just when you thought that the blockchain couldn’t be fused into anything else.
Blockchain-based loyalty programs address a number of issues that typically drive customers away from traditional loyalty programs. Among them are problems with redeeming points before they expire and keeping track of multiple loyalty programs.
Low redemption rates are a big problem for loyalty marketers. Members that are not redeeming are not actively engaged in the loyalty program. On the flip side, members who redeem points are more engaged, spend more and are more satisfied with loyalty programs.
Blockchain allows a customer to store all points in a single wallet rather than trying to manage multiple programs. There would not be separate rules for acquiring and redeeming points from different loyalty programs as is currently the case.
Here comes SMATHIUM a platform that wants to revolutionize loyalty programs this revolutionary platform aim to solve the key challenges facing traditional loyalty programs. A decentralized Application (dApp) where all businesses can create their own loyalty reward programs powered by a single token. A single united loyalty point system in small on/off-line retails around the globe involving everyday life. Cafe, restaurants, grocery store, and even shopping mall.
SMATHIUM is a blockchain-based loyalty platform aiming to solve the key challenges facing traditional loyalty programs. A decentralized Application (dApp) where all businesses can create their own loyalty reward programs powered by a single token. A single united loyalty point system in small on/off-line retails around the globe involving everyday life. Cafe, restaurants, grocery store, and even shopping mall. A survey by CodeBroker shows that at least 54% of consumers are frustrated with their loyalty reward programs.
The reasons for the frustrations include lack of differentiation and the fact that the majority only provide limited benefits. Also, implementing a robust loyalty reward program tends to be ridiculously expensive locking out the majority of businesses. While incumbents such as departmental stores and airlines can afford to provide high value membership programs to their customers, small and medium enterprises cannot. Smathium aims to bridge this gap by building a multi-business loyalty reward platform that is open to all types of businesses.
At the heart of this platform is the goal of creating long term value for customers rather than serving as a short-term promotion. As a unified medium of exchange between users and brands, Smathium token can be used for transactions across all businesses registered on our platform and can be traded in exchanges. Moreover, Smathium is creating an additional feature where brands can connect their existing loyalty programs to a blockchain network
PROBLEMS SMATHIUM SEEKS TO SOLVE
Customers cannot use the rewards they have received at other brands
Rewards provided are insufficient and do not attract interest from customers.
Lack of Differentiation
Reward programs without differentiation ultimately make customers leave.
SMATHIUM IS THE SOLUTION
SMATHIUM pursues a service where the participants can satisfy and share benefits by overcoming the problems and limitations of the existing market by applying blockchain technology. The application of blockchain technology allows integrated management and security of places for using points, and prevention of the points value depreciation.
SMATHIUM has integrated the reward points to the SMATHIUM infra that were separately provided by the existing loyalty program. Thus, the different reward points from each platform that forms a partnership with SMATHIUM can be exchanged into a SMATHIUM token. Such open-type reward structure integrates neglected reward systems from the closed structure as a single token system so that it can protect the rights and values of customers at any time, at any place. By applying the blockchain technology, transparent token transfers and transactions will be possible and this can enhance the brand loyalty of customers by sharing the benefits among the affiliated stores.
With point saving and vitalization of using points, SMATHIUM provides news and the loyalty service app that customers can participate. Along with the self-loyalty program services, by having a partnership with the existing online and offline loyalty programs, it plans to offer high value rewarding points so that the blockchain technology can be easily experienced and used in daily life and customized services.
The Uniqueness of the SMATHIUM Platform
Enjoying Membership Benefits Like That of a Department Store
Anyone including app businesses and small merchants can provide their own unique membership programs to customers. Also, they can provide differentiated membership programs to their loyal customers.
Smathium benefits at a shopping mall
Shopping malls can provide membership benefits appropriate for consumer experience instead of providing simple coupons
Single Unified Coin
Customers can receive their rewards in a single form of cryptocurrency instead of different points for each brand. Smathium guarantees the rightful assets to its customers.
Brands participating in the Smathium Platform can buy and sell their benefits. Additionally, the membership program becomes a new sales channel for large scale sales for the brands.
Token symbol: SMT
Total supply: 10 Billion SMT
PreICO price: 1 SMT = 0.003 USD
Price in ICO: 0.0060 USD
Average price: 0.01 USD
BONUS pre-ICO: 50% discount
ICO as IEO: 10% discount
Tokens for sale: 4,000,000,000
Min. investment: 10 USD
Accepting: ETH, True USD, USD Coin, Paxos Standard, Dai
Distributed in ICO: 40%
Prepare white paper and website.
Open Smart Contract to public.
Start SMT sale.
Launch SMT-Service App.
(MiteNews(News-App) and else). Service initial promotion / Securing users. Proceed development of SMT-Service(App) (2nd).
Launch SMT-Service App (2nd).
Expand Loyal Factory Partnership.
Release SMT Wallet App(Android).
List on exchange.
Launch Loyal Factory(version 1.0).
Enter global service (Southeast Asia).
Release SMT Wallet App (IOS)
List on additional exchange and expand partnership.
Expand Loyal Factory Partnership.
Enter global service (North America).
Launch Loyal Factory (version 2.0). Expansion of Loyal Factory’s 3rd party and partnership. Develop additional module.
Changgyeom Kim: Planning Manager
Byungjin Kim: General Manager
Jaejoon Kim: Project Manager
Mihee Park: Financial Manager
Joseph Hyun: Team Lead Manager
Jee Ju: Chief Blockchain officer
Hyun Jung Choi: R&D Manager
Byung Jin Choi: Legal manager
Jongkyung Park:System Security
Seungjae Shin: General Manager
For more information, please visit the links i have provided below;
Official website: https://smathium.io/?lang=en
Official Smathium Token Tracker: https://etherscan.io/token/0x4b4787aace23eb70da046bcc0ccfe28d4e4fb899
Official Telegram open community: https://t.me/joinchat/KrHV002fqNMYGIHmfKax8w
Official Telegram broadcasting channel:
Official Medium: https://medium.com/@smathium
Official Twitter: https://twitter.com/smathium
Official Facebook: https://www.facebook.com/smathium/
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409