What Is SPRY ONE?
SpryOne is a blockchain-based loyalty platform that aims at ensuring effective, fair redemption, and trading of points issued by businesses by normalizing point ratios between businesses. By integrating with platform, retailers and businesses can access the standard loyalty management tools as well as insight and analytic tracking tools for the points’ life cycle.
On the other hand, customers using the platform can manage their loyalty points acquired from multiple businesses. SpryOne will also enable them to earn more points, trade, or redeem their loyalty points from specified rewards from the convenience of their smartphones.
How SPRY ONE Blockchain Loyalty Rewards Works
From The Customer’S Perspective
Once the customer visits a business that has integrated the SpryOne loyalty platform, they will be presented with a receipt that displays how the customer can claim points. Through the SpryOne mobile application, they scan the receipt and claim their points. Points can be redeemed for coupons, gift cards, or merchandise.
Each business has a profile in the app that indicates how to earn more points, the available redeemable rewards and much more. Customers can also trade their loyalty points with other users through the SpryOne marketplace. After completion of the transaction, the traded points are available instantly for redemption.
From The Business Perspective
A business can integrate into the platform through various ways such as Point of Sale Plugins, Ecommerce Plugins, and many more. The business will then have full control as to what rewards to offer its customers. Additionally, the platform will provide the business with a detailed report on issuance of the points and the trading and redemption history of the points.
Businesses are required to have an active balance of SPRY tokens in order to access the platform. The token is used as the main payment method on SpryOne and is used for tolls, usage, and gas within the platform.
From The Partners Perspective
Through the SpryOne partner program, the partner will access the SDKs and sandbox environments that they can use to build modules and integrations for other external systems. Partners are also required to maintain an active amount of Spry tokens in order to use the platform.
Kevin Harrington's SPRY ONE Overall Benefits
Customers can quickly redeem the loyalty points through the mobile application for various rewards such as coupons, gift cards, merchandise and much more.
SpryOne has points to USD value ratio that standardizes points among the different businesses that have integrated the SpryOne platform. This ensures that trading is fair on the SpryOne marketplace.
The platform is highly configurable, as it enables the business to determine whether to issue rewards in form of coupons, gift cards, or merchandise. The businesses also have control over the distribution of rewards.
Through the implementation of blockchain technology on the platform, transactions between customers are easily traced. Similarly, blockchain enables SpryOne to track the lifecycle of every point on the platform.