A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Qiibee, a project banked on creating a loyalty protocol that provides a trustless, secure and provable manner for issuing loyalty tokens backed by a crypto asset across different blockchains has arrived.
Now that I have your attention, let’s get right to it.
What exactly is QIIBEE?
Qiibee is creating a loyalty protocol that provides a trustless, secure and provable manner for issuing loyalty tokens backed by a crypto asset across different blockchains.
Furthermore, The qiibee protocol provides a trustless, secure and provable manner for issuing loyalty tokens backed by a crypto asset across different blockchains. It also guarantees liquidity by allowing easy redemption, tradability and exit options.
The key components of the LoyaltyToken Protocol
Real value, usability, freedom
Decentralized Loyalty Apps
Brands can build DAPPs for qiibee-based loyalty tokens
Software Development Kit
Web wallet and dashboards for loyalty token transparency
Blockchain Plug & Play
LoyaltyToken protocol, smart contracts for minting, staking, exchanging and transferring of loyalty tokens.
Everyone — loyalty program owners, companies, and developers — should be able to build their own applications without the hassle of integrating blockchain technology.
Connect to API
Easily connect to our API and set up your loyalty program.
Discover the SDK
Everything you need to set up, manage, and track your loyalty tokens.
Create your DAPP
Build your own decentralized application on top of our protocol.
Everything you need to get started
Qiibee provides an easy-to-connect means to start building loyalty programs on top of the qiibee protocol, an API that brands’s developers can use to easily communicate with the protocol and the blockchain.
The alpha version is already live, and we’re always improving the API to deliver a smoother, more straight forward experience.
With the qiibee API, you can:
Create loyalty tokens
Issue more supply
See relevant analytics, such as transaction history, current supply, and more
Exit the ecosystem
Set your LoyaltyToken settings — name, symbol, decimals, rate to QBX, etc.
Make tokens transferable at high speed and no cost
Qiibee's software development kit is comprised of the API, full documentation, tutorials and a user-friendly dashboard. We’re working hard to build the first brand-specific version of the dashboard, where brands can easily set up their loyalty programs through an straightforward visual interface.
Loyalty token creation
Use the token creation section to define your LoyaltyToken settings, including: token name, symbol, exchange rate to the QBX token, token image, description, etc.
Check the block explorer to see real-time information about the blockchain where your token lives and the latest transactions.
Need some numbers? The dashboard’s analytics section provides all the important information about your LoyaltyToken: how many accounts hold your token, peak times for rewards, etc.
Build your DAPPs on top of our protocol
Brands can build their own wallet apps, where customers can track, send, and earn loyalty tokens. Best of all, it’s easy for developers to connect to our API and create their app.
One example of these DAPPs is our very own qiibee Wallet. We’ve just released the alpha version for iOS and Android.
Store and find all your tokens in one place
Exchange loyalty tokens for one other
Real value rewards
Sell your loyalty tokens for $, ¥, € or bitcoin
Blockchain technology protects your data
Plug & Play
Connect to our ecosystem and launch your token
Higher engagement and customer lifetime value
Blockchain technology is very efficient and secure
Why do we need blockchain technology?
Blockchain provides an ideal framework for tackling the weaknesses of today’s loyalty market: points without a real value, trusted programs (weak data privacy), and highly centralized loyalty programs.
Decentralized loyalty apps. The qiibee wallet is one of the means by which loyal customers can interact with the LoyaltyToken Protocol. The qiibee wallet directly communicates with our API which talks to the protocol.
Software Development Kit (SDK)
The SDK streamlines and facilitates application development running on the LoyaltyToken Protocol, which saves the time, money, and extensive know-how required to build it from scratch. Loyalty program owners can focus on their businesses and their applications, while we support them with our SDK. The bigger the community maintaining and building on the qiibee protocol, the stronger qiibee’s loyalty ecosystem.
Qiibee’s LoyaltyToken Protocol
Our protocol provides a trustless, secure and provable manner for issuing loyalty tokens backed by a crypto asset across different blockchains. It also guarantees liquidity by allowing easy redemption, tradability and exit options.
Our first implementation involves an Ethereum-based loyalty blockchain. The image below shows the qiibee vision in terms of its blockchain infrastructure:
The Ethereum-based loyalty blockchain provides and ensures high-speed transactions for low or no fees. These characteristics are key for an ecosystem that wants to offer microtransactions and be made mainstream.
What are the Benefits?
There are four key benefits when considering the Loyalty Token Protocol from a brand perspective:
Brands can “Plug & Play” with their loyalty program. How does it work? In a first step, the brand’s marketing department sets the budget for the loyalty program, which needs to be converted into brand loyalty tokens. The qiibee protocol then creates the brand tokens and sends them to the brand. It is important to highlight that the brand still has full control of the interaction with the customer, for instance over its individual app’s interface. In addition, the brand can also determine exactly how it wants to reward its loyal customers and how it wants to configure the redemption process.
Increased level of engagement a brand can achieve. It has full flexibility in the construction of its reward and redemption structure. The fluctuation of the brand’s token value in terms of FIAT also positively affects customer engagement, since customers are seemingly interested in the value of the tokens and are thereby incentivized to hold them for a longer period. On top of that, a brand can tap into a large loyalty community of existing customers on the qiibee ecosystem, which makes it easier to boost new loyalty programs and attain a wide customer reach.
Elimination of liabilities on the company’s balance sheet. Since the tokens that it will give out are tradeable and have a “real” value rather than constituting a promise from the company to be delivered in the future, the tokens will not be accounted for as deferred revenue.
Reduced costs and risk. Given that a brand’s program is built on the qiibee protocol, the set-up costs for a new program are very low. Customers are also responsible for their own wallets, so the risk of a massive data breach is mitigated.
When looking at the customer perspective, there are again four key advantages of using qiibee for the collection of loyalty tokens:
Overview of all their loyalty tokens collected from different brands in the qiibee ecosystem. Customers can still use their favorite brands’ loyalty programs and interfaces and later import the collected tokens into one common place.
Transactions with their loyalty tokens. They can trade them with other customers in the ecosystem, send or receive tokens from others and participate in the different brands’ redemption offers.
All brand tokens are cryptocurrencies tied to the qiibee token (QBX), which will be publicly traded. This way, the brand tokens have a real value outside of the brand context.
Cash out. The qiibee ecosystem offers the customer the ability to sell loyalty tokens for FIAT or other cryptocurrencies via third party integrations.
Token : QBX
Price: 1 QBX = 0.071 USD
Platform : Ethereum
Accepting : ETH
Hard cap : 28,000,000 USD
Token and FUND Distribution
The token and Fund had been collected will use for several purposes. this things as accountable prove to all investor who has joined within QIIBEE project
2015 - 2016
Our journey started with our own off-chain loyalty app
35m Data sets created
100k Active users
6m Customer activities
900 Brand partners
Made strategic decision to build loyalty on the blockchain based on learnings from off-chain app
Created smart contracts on Ethereum and published white paper
Closed our seed round with approx. 3.2m USD
Invested in team expansion, product development and brand acquisition
Conducted 2 brand roll-outs in 7 countries reaching 2m customers
API, Software Development Kit, Protocol 1.0
Open Crowd Sale to fund the qiibee journey
Onboarding of 6 more brands to the qiibee ecosystem
Plug & Play, Dashboards
Conduct loyalty on the blockchain hackathon
Onboarding of 17 more brands to the qiibee ecosystem
MEET THE AMAZING QIIBEE TEAM
Sales & Partnerships
“I leverage my industry network and build strategic partnerships”
Co-founded and built qiibee with his brother Gianluca
Former GE with 6 years of experience in the loyalty sector
MA Management, St. Gallen
Design & UX
“I create qiibee’s look & feel in design and user experience”
Co-founded and built qiibee with his brother Gabriele
Founder of gratis-auto.ch and designed with Snips and University of Basel
MA Graphic Design, IED Milan
Finance & Legal
“I manage all legal, tax and financial matters of qiibee”
Founder and owner of Sires, a worldwide trading company
30 years of experience in management of international platform businesses
Blockchain & Infrastructure
“I develop qiibee's blockchain and overall infrastructure”
Building and maintaining crypto mining environments since 2012
Owner of a web and internet application agency
Passion for secure and independent infrastructures
“I build and architect qiibee’s overall blockchain protocol”
Ethereum blockchain engineer
Former full stack developer at Avature and CERN
MSc Computer Science, top 1% student at UNLP, Buenos Aires
Aaron de Miranda Colaço
“I build qiibee's private and permissioned blockchain”
Experience building solutions using Ethereum, Quorum, and Hyperledger Fabric
Consulted for various large companies to integrate blockchain with existing products
BEng, Information Technology at Padre Conceição College of Engineering, Goa, India
“I drive our product strategy and manage its implementation”
Co-founded, scaled and sold a loyalty startup with Marcel
Former venture developer at FinLeap and BCG consultant
MSc Mathematics, TU Munich
Growth & Operations
“I scale the platform and ensure diligent execution at qiibee”
Co-founded, scaled and sold a loyalty startup with Thorsten
Former BCG consultant and sales at Goldman Sachs
MSc Mathematics, ETH Zurich
Marketing & PR
"I operate all qiibee's marketing and PR efforts"
Involved in ICO projects since the industry first started.
Advised, guided, and worked with over 40 ICOs.
8 years of experience working in tech
Decentralized Application Engineering
“I implement qiibee's wallet app and front end components”
Track record on mobile applications development with React Native.
Active user on Leetcode and Hackerrank.
BA, English Language and Literature at Faculty of Philosophy, Sarajevo
Back End Development
"I build and implement qiibee's back end systems"
3 years of experience in challenging Silicon Valley startup environment
Passion for decentralized technology
MEng Computer Science at Imperial College London
Full Stack Development
"I develop qiibee's ecosystem front end and back end"
Coding since age 9 & first exit at the age of 10
Seasoned in decentralized blockchain applications development
Passion for cutting-edge blockchain technologies
“I design the economics of qiibee together with brands & advisors”
Helped to build Spirit of Switzerland, a Swiss Liquor distributor
Passion for financial modelling
BA Business Management, University of St. Gallen
Marketing & PR
“I lead all the marketing, pr related matters and connect with our loyal community”
Built her own blog with 9,000 followers and worked with major brands, e.g. Ritz Carlton
MA Brand Management, Regent’s University London
Content & Copy
“I write, edit, and polish all qiibee's content to communicate a crystal clear message”
Has worked on content for global companies around the world
Published on the Cooper Review
“I manage brand roll-outs and streamline the roll-out process”
Three years of experience in Private & Capital Markets and Business Development
Former M&A at Credit Suisse
MSc Finance, ESADE Barcelona
“I oversee qiibee's community operations, interactions, and efforts”
Has 6 years experience in operation management, 2 of which in the aviation field working with Lufthansa Group, FedEx, UPS and more.
Has been involved in several blockchain based projects since 2016.
Passionate gamer, and has actively lead a 200 members multinational gaming community since 2013.
“I keep qiibee’s social community connected and engaged”
Studied front end development at College of Management Academic Studies
Experience managing large network communities
Passion for community engagement and blockchain technology
Excellent advisors and mentors
“I support qiibee from day 1 and will stay for the long run”
Early blockchain adopter, and crypto investor and miner
Acting as qiibee’s direct-marketing & sales expert
Independent business owner
“I grow qiibee further building on my experience and know-how”
Founded his first company at the age of 20 and more than 10 startups after
CEO of dealini.ch, a creative agency with tech focus
“I work with the qiibee team on the next big idea for loyalty”
Founder and CEO of Loylogic, the global leader in e-payment solutions for loyalty programs
Seasoned loyalty expert with deep expertise and focus
“I push qiibee with my blockchain knowledge and network”
Worked for String Labs, Block Collider and DFINITY
Helped shape the Crypto Valley ecosystem in Zug
“I advise qiibee on tokenization and crypto innovation”
Founded TLDR, a leading crypto advisory firm and hedge fund and other tech companies like CODEC – AI Marketing
LLM Law, Harvard Law School
“I advise qiibee on token economics and token sale”
Blockchain expert, co-founder, and leader of 3 successful tech ventures and a McKinsey strategy consultant
CEO of Compass Blockchain
CEO & Co-founder, Sirin Labs
Industry manager, Google
“Loyalty on the blockchain will be a game changer in Southeast Asia”
President of the retail association in Indonesia
Serial entrepreneur pushing qiibee in Southeast Asia
Member, chamber of commerce
“I successfully steer qiibee through the legal landscape”
Attorney and partner at Bader Gnehm & Partner since 2009
Expert in blockchain regulation
MSc Decision Sciences from the London School of Economics
“I build and maintain qiibee’s reputation in the public”
Founder and CEO of Wachsman, the world’s largest blockchain PR agency
Previously held roles in advertising and political affairs
Prof. Dr. Sven Reinecke
“I strategize on customer retention and loyalty”
Director Institute of Marketing at the University of St. Gallen
Co-Founder of the Swiss Virtual Business School VBS AG
“Best Practice in Marketing”
Prof. Dr. Winfried Koeniger
“I offer economics perspective to complement the business aspects”
Professor of Economics at the University of St. Gallen
PhD in Economics from the European University Institute
Expert in Empirical Economics
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.