Fado Go First Integration and 1.5 Million-User
FADO Go has officially launched its first integration with the 1.5 million-user e-commerce platform, this is to demonstrate its position as a solution provider and a data-driven loyalty and engagement platform using blockchain technology.
Using a blockchain rewards program has a number of benefits for this e-commerce platform, including the following:
Loyalty points as crypto tokens: Cryptographic tokens were introduced by blockchain, and they might have significant effects on the global economy. Furthermore, this e-commerce company may provide crypto tokens as a kind of loyalty reward, and customers can benefit from these unchangeable repositories of value.
A transparent audit record of the transaction is visible to customers who get cryptocurrency tokens as loyalty points, increasing transparency. So businesses cannot abruptly withdraw these loyalty points by claiming that the regulations have changed.
Rule clarification for the loyalty program: Businesses using the blockchain rewards program must utilize smart contracts to define the parameters of their incentive schemes. These are transparent, and once they are in use, nobody can tamper with them. Everyone has access to the blockchain rewards program’s rules at all times.
Cost savings: This company that uses blockchain technology to manage their loyalty program benefits from the immutable distributed ledger, which lowers expenses to keep client data within loyalty program budgets.
- Fraud may be eliminated through the use of immutable smart contracts and tamper-proof loyalty records.
Flexibility: Consumers can use crypto tokens to redeem some of their incentive points. As a result, there is more flexibility and a better customer experience. Through their digital wallet, users may exchange their crypto tokens for fiat money or other digital currencies like Bitcoin or Ether. By doing this, using a loyalty solution will guarantee customer happiness.
In more detail, FADO Go’s Loyalty Solutions supports e-commerce brands to increase their repurchased rate in a more convenient way.
It creates a massive motivation for customers to come back and use the rewards on the next order from that increasing the repurchase rate.
Moreover, blockchain based loyalty programs ensure e-commerce brands are outstanding from other competitors in the market since the marketplace will keep growing in size as more brands enter, raising the bar for excellent customer service and increasing competition across all industries. Another way that integrating loyalty programs into e-commerce platforms benefits the business is by reducing acquisition costs by implementing a referral program.
ABOUT FADO GO
Shop — Ship — Earn
FADO Go is a Blockchain-based platform that facilitates cross-border shopping easier by connecting consumers, brands, KOLs, and logistics providers on a decentralized network. So that shoppers can enjoy the global online shopping experience and earn with cryptocurrency (FADO Token).
SOURCE: MEDIUM
