Why Wulet uses blockchain.
Hello there! My name is Alex and I am the CTO of Wulet. I know that using blockchain is a trendy thing nowadays because not only is it a technology of the future, but it also raises project prices in the eyes of investors.
What I’m trying to say here is that projects often lack the argumentation of why they need blockchain for their integration, except for launching an ICO and collecting funds. Here at Wulet, we are sharp and transparent with our statements and are always willing to talk openly about our goals, values and development process. Let me explain to you why we, at Wulet, decided to stick to blockchain as the basis of decentralized solutions.
Loyalty programs are usually referred to cash back, bonuses, points etc. However, as the payments and withdrawals stay low, a large amount (40%) of bonuses remain unused while users are not even aware about the existence of bonus calculation – not to mention the fact that most of the services are centralized and are subject to shut down at any time. User data is usually stored in a database, while bonus balances, the timing of their burning and accrual history are not available, and users only have limited access to them. All of this leads to a bad UX/UI for the end user who cannot monitor their balance and use their loyalty points efficiently.
Working with the gaps in the market niche makes Wulet an innovator in the industry.
Not only do we aim to create a decentralized ecosystem of loyalty points, but we have also set our minds on making all loyalty points tradable, as WU-token acts as a universal measure for all loyalty points. WU-token is compatible with the standard EOS token and can be traded on external exchanges. We are about to bring loyalty programs to the next level with cryptocurrencies, decentralization, better service and convenient UX/UI. Loyalty programs will be more accessible, tradable, and user-friendly. This will be implemented with the help of our dedicated team and an EOS-based backend. Join our token sale to improve the loyalty program industry with the help of blockchain!