FIDELIS - A Protocol for Loyalty Program Platforms
Introduction
People are awestruck by cryptocurrencies and perceive them as a passive way of income because of their deflationary power. But there is still a roadblock in the way of cryptocurrencies.
Cryptocurrencies, like regular corporate equities, are largely speculative assets. Given their high liquidity, cryptocurrencies, like a company's shares, are assets that can be easily swapped for fiduciary money or other cryptocurrencies.
With a few exceptions, cryptocurrencies do not buy anything without first being converted to cash.
Because the supply of most cryptocurrencies is limited and thus deflationary, the cryptocurrency loses an important function: it no longer reaches the common person's pocket, and it no longer offers its most important attribute, which is the guarantee of good protection against devaluation and likely an intrinsic valuation.
The world of cryptocurrencies has a long way to go before it can effectively interact with traditional economies. Few businesses are willing to take the risk of taking crypto-assets as payment. As a result, many still don't feel compelled to take the realm of cryptocurrencies as seriously as it deserves.
This is the issue that this project tries to address! Please read this article to learn more about this initiative and how it addresses this issue.
What is Fidelis Crypto?
The Fidelis Platform and the FIDELIS Token (FDLS, ) are part of a solution to bring together the most various Rewards Programs (Loyalty Programs) under the same architecture (BSC (Binance Smart Chain), with blockchain security and support for Smart Contracts). FIDELIS is a Latin word that means "faithful." The capital Greek letter PHI () is used to denote the FIDELIS fungible token. Companies will be able to establish their Loyalty Programs in a secure environment, with fewer running expenses and the added benefit of being able to promote their products to clients of other reward programmes, thanks to the FIDELIS platform. Individuals who participate in loyalty programmes will have the opportunity to comprehend the practical implications of the new digital economy as well as to profit from it.
Why Fidelis Crypto?
It is required and sufficient for a cryptocurrency to have a practical component that allows it to be used in the purchasing of goods and services.
- Make things available for buying.
- Accept bitcoin payments without converting them to fiat cash.
However, to operate in the Crypto World, an individual must get familiar with current ideas such as exchanges, wallets, currency swaps, and other phrases that are still unfamiliar to the majority of people.
The average individual is definitely removed from this world since he is not required in any way. He is paid in fiat money, and the goods and services he purchases are also denominated in fiat money. If he wants to keep his money in a "safe" place, he opens a bank account and deposits it, but he still has the option of applying it and obtaining a financial income that appears to be growing.
Fidelidade Programs are the appropriate vehicle for making the world of cryptocurrencies completely understandable to the general public and for a smooth transition into the traditional economy. All that is left is to incorporate minor adjustments, many of which are simply changes in terminology.
All that remains is to incorporate tiny adjustments, many of which are simply nomenclature in current Loyalty Programs so that customers and businesses can embrace them fast. The FIDELIS Platform will house the rewards programmes that join, and FIDELIS (FDLS) will be the decentralised currency with non-inflationary features an indefinite validity that customers can use to earn rewards in one or more of the FIDELIS Platform's Loyalty Programs.
Features
● The LOYALTY PROGRAM habitat, which houses corporate reward schemes, is slow to digest. FDLS moves slowly, only among its consumers and through its partners. By their very nature, loyalty client portfolios are holders. As a result, the FDLS circulating in this ecosystem are most likely to do so in small numbers and then return to their original Loyalty Programs portfolio, completing a relatively tight loop.
This LOYALTY PROGRAM Portfolio tends to keep the amount of FDLS in its habitat constant, making it mostly unaffected by currency depreciation. It only has an impact on the price. In conclusion, the LOYALTY PROGRAM habitat is primarily made up of holders.
● The FREE MARKET account is quickly depleted of funds. There will be beholders, but there will also be traders aiming for rapid profits by buying and selling FDLS to enhance their fiat money holdings. Burning tokens to make the supply more scarce, as scarcity is usually linked with valuation, is a well-known approach to pricing a FREE MARKET account.
Increased scarcity is encouraged in the FIDELIS Ecosystem in two ways:
a) Periodic burns at a rate of 1% (one percentage point) of all transactions in the time.
b) If the partner companies so desire, the Marketplace is open for purchasing outside of the LOYALTY PROGRAM environment. FREE TRADE account holders will be urged to trade their FDLS for Marketplace.
Token & Tokenomics
The FIDELIS token will be equal to traditional reward points or cashback, with the added feature of never expiring and the ability to be valued, which will benefit both the client and the enterprise that participates in the FIDELIS Platform.
Token Name: Fidelis Token
Token Ticker: FDLS
Token Type: BEP20 (BSC)
Token Supply: 990.000.000
CIRCULATING SUPPLY: 326.000.000 (32,93%)
TOTAL SUPPLY: 990.000.000
Token Contract 0x85cec9d09529c4239dcd89018889238abdd3ede6
Team
Gustavo Toja Frachia
Entrepreneur, the Professor, graduated in Mathematics and Psychology (USP) with a Masters in Statistics from the University of São Paulo. Long experience in Loyalty Program development.
Salin Naun Neto
Systems Analyst, Blockchain and Web Programmer.
Dr Biagio Barletta
Lawyer graduated from FMU University, a specialist in Commercial Contracts.
Conclusion
The FIDELIS Platform bridges the gap between the everyday world and the decentralised economy represented by cryptocurrency. The Loyalty Program offers exclusive privileges as well as a boost in token value. This, in my opinion, is an unquestionably fantastic initiative to invest in and anticipate
For more information
Website: https://fideliscrypto.tech/
Whitepaper: https://fideliscrypto.tech/assets/whitepaperfdlsing.pdf
Bounty Thread: https://bitcointalk.org/index.php?topic=5382181.0
Telegram: https://t.me/fideliscryptointer
Twitter: https://twitter.com/fidelisfintech
Facebook: https://www.facebook.com/fidelisfintech
LinkedIn: https://www.linkedin.com/company/fidelisclub
Instagram: https://www.instagram.com/fidelisfintech/
Written by
K. Siva Arulmani
Bitcointalk Username: : @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654
POA: https://bitcointalk.org/index.php?topic=5382181.msg59029842#msg59029842
Companies will be able to establish their Loyalty Programs in a secure environment.