Winners Network, the blockchain ecosystem which connects traditional customer loyalty programs and point systems to a single chain of value, announced the launch of its new rewards platform dedicated to bridging the gap between web-based consumer touchpoints and the multi-ecosystem world of blockchain. The launch of the Winners Network platform, along with the sale of the $WINS token, will allow the company to incentivize a network of participants across the blockchain, gaming, merchant loyalty, and rewards landscape.
“The cryptocurrency industry has many reward programs and incentives, but these are generally closed off, walled gardens that are primarily designed to encourage participation within their own networks,” said Winners Network Co-Founder, Walter Minhoto. “There was no rewards program that worked across multiple environments; we want to create incentives and enable the transfer of value beyond the traditional digital rewards silos. The only way for a modern loyalty and rewards ecosystem to actually work is for that structure to utilize crypto and to do so in an agnostic way. Consumers currently use hundreds of disconnected loyalty and rewards platforms across the web and throughout their daily lives; Winners Network will open up a world of options for these consumers and offer them rewards for participating in a wide range of loyalty-based environments.”
Gamers within the Winners Network will be empowered with the first-ever global rewards system that will gather prizes for in-game spending, grinding, and playing. Users will be able to earn WN Gold Rewards with in-game purchases, collecting rare and epic items, opening loot boxes and skin boxes, and simply logging in to their favorite game. WN Gold Rewards will have the capability to be swapped for $WINS tokens to receive cash-back or additional in-game and partner game purchases. Users will be able to drastically increase the amount of WN Gold Rewards earned passively and actively by staking their $WINS tokens.
$WINS will be the native token that powers the Winners Network. As a governance token, $WINS holders will be able to vote on community changes to the platform and take an active part in decision-making processes within the network. Users will also be able to collect and earn rewards via the team’s browser extension that will work for both traditional e-commerce websites and nontraditional macro markets such as crypto and iGaming.
(All information was provided by Yahoo! Finance)