The Power of Multi-Token Rewards Through BidiPass 2FA

BIdiPass 2.0 is just weeks away from launch

Following that will be exchange listings from two very well-known, top tier exchanges. One of the most exciting features of BidiPass’s 2FA application will be the distribution of reward tokens for users who verify their accounts using its 2FA capabilities.

Not only do you add an extra layer of security to your accounts; you can earn tokens and be ushered into a new community of stakeholders in the process, without sacrificing user experience.

BidiPass has a very exciting future when it comes to business execution. Some of the soon-to-be-announced partnerships will create new and exciting streams of revenue for BidiPass and its token economy. The primary token to be issued is BidiPass’s own native BDP token.

However, as our relationships have developed with partner projects, we have had an internal discussion on the following:

What if BDP were one of several assets distributed as rewards to users of the 2FA application?

The rewards token model is due for reimagining. Let’s take a look at Travala’s AVA token. The core principle of AVA, as part of Travala’s rewards program, is to provide “additional benefits and enhanced user engagement.” Sounds simple enough, but let’s look at how that’s done:

Travala (AVA)

Travala’s AVA generates value by offering Smart Discounts, Loyalty, and Bonuses. Travala is a travel website similar to Hotels.com.

It lets anyone book flights, hotels, hostels, villas, etc. using cryptocurrency, including AVA, as the payment method.

The reward hinges on the members utilizing the underlying product and incentivizes them to stay within that platform’s ecosystem. The AVA token’s utility is blended with the product itself, making its potential token velocity apparent.

Mandi Token (MANDI)

Mandi Token is a newer project, based in Jakarta, Indonesia. Their digital assets, MANDI, represents a digital share in their portfolio of real-world assets in mining, infrastructure, real estate, hospitality, etc. Mandi has recently signed a partnership deal with a payment processing company with an E-Money license called E2Pay. E2Pay has over 100M users on its platform, performing merchant transactions, micro-loans, remittance, and so on.

E2Pay is beginning to roll out its Mandi-backed rewards program, where revenues from their company are directed to the Mandi market place. Mandi will be purchased as a means of backing the rewards points that are accrued by E2Pay users. This is not your traditional points system; E2Pay’s rewards are tradable assets that can accrue value from Mandi Token’s ventures.

The first 1,000 merchants will be onboarded into this program early September, and will soon generate revenue through fees, which in turn get redirected to their accounts via Mandi-backed rewards. Mandi Token and E2Pay are in talks with BidiPass regarding the integration of its 2FA application.

Airdrops

BidiPass 2.0 can potentially benefit from integrations with multiple ERC-20 token-based projects. Users could potentially choose which token they wish to be rewarded with when they verify their accounts. It could be used as a marketing tool for blockchain projects that aim to gain further exposure to their digital assets.

Staking Rewards

A distributed network cannot exist without some form of staking involved. Often it will come in the form of nodes with locked capital or mining hardware, depending on the means of consensus.

• To introduce newcomers into crypto, the BidiPass team plans to offer a staking rewards program that will allow BDP holders to stake their holdings for a period of time and earn interest in the form of BDP rewards on a monthly or annual basis. While nothing is quite finalized until after the launch of BidiPass 2.0, users will eventually gain an understanding of distributed networks through the easy process of BDP staking.

Conclusion

Thus, BidiPass has a world of directions it can pursue. It has the potential to be a universal rewards token that is accepted (albeit at a premium) among a selection of crypto-rewards platforms. It can also be its own ecosystem with DeFi-inspired applications that are easily accessible to crypto newcomers. The BidiPass team is working diligently to secure the proper strategic relationships to advance the BDP token economy and strengthen the utility and accessibility of the native asset.

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