ALLOY Tokens are the Reserve/Anchor currency for the entire ecosystem which will be the medium of exchange in conducting any transaction on the Global Rewards Network. Similar to how USD is the Global Reserve Currency or Anchor Currency facilitating International Trade by a common exchange factor, using ALLOY TOKEN, Partnering Brands & Publishers can set the exchange value for their reward points which will govern redemption in the ecosystem
REPAC (Real-time Points Adoption & Conversion)
On the surface, REPAC enables local Fiat transactions between parties making it frictionless for all businesses. Under the hood, REPAC uses Blockchain & ALLOY enabling global cross border transactions. This preserves the value for all three stakeholders i.e. Brands, Publishers, and Consumers, by converting the currencies & in-house points of different values to a common ALLOY baseline (based on the market value), in real-time, using Smart contracts to facilitate secure and auditable transactions.
How it works?
A User residing in India with Reward points, when travelling to New York will be able to redeem his points with a Local Brand using REPAC technology, thereby, creating a borderless Rewarding and redemption experience.
Rewards Network Benefits