This week, Appsolutely announces the completion of its LoyalCoin ICO and a partnership with another rewards firm that will integrate LoyalCoins in its platform.
LoyalCoin ICO Completion
A total of 4,750,000,000 LoyalCoins are sold during the ICO that ran until February 5, 2018. It accepted bitcoins, XEM, and ether as payment for the loyal tokens.
- Read More: What is LoyalCoin?
In a statement on the website, LoyalCoin CEO Patrick Palacios announced that the distribution of LoyalCoins will be a week after February 10, 2018.
All Loyalists are encouraged to confirm their NEM address and to update their profile and accounts. You are also encouraged to have the NEM private key of your NEM address backed up and stored in a secure location.
Partnership with Snipp
International payment solutions Snipp announced a Memorandum of Understanding with Appsolutely Inc. This memorandum compels both companies to explore a partnership to bring LoyalCoin to Snipp’s products in North America and Europe.
Snipp’s clients include Kellogg’s, Kimberly-Clark, and FritoLay.
Under the Loyal Platform, users can earn rewards from participating merchants and exchange these rewards (in the form of LoyalCoins) for purchase in another participating brand. This will eliminate the need to create a different rewards platform for every brand. At the same time, it allows users to make the most out of the rewards they earn.
Appsolutely is a Filipino company engaged in building loyalty and reward programs and apps. Its clients include Starbucks, FamilyMart, Gong Cha, and Bo’s Coffee, among others.