Leveraging blockchain technology to modernize reward systems using digital tokens is something that has grown immensely over the past few years. Companies worldwide are beginning to realize the potential benefits that a digital, decentralized ledger offers over traditional incentive platforms.
UK-based Superior Powder Coaters is an early Blocknode investor and have never used any blockchain technology before. When looking to introduce a rewards system into their company, they chose the Blocknode blockchain system for its international reach and attractive cost savings.
“We are keen to move into the 21st Century and the technology seems to work with us.”
- Superior Powder Coaters said.
Increasing Rewards
While even the most basic tokenized rewards offer excellent cost savings, the Blocknode system takes it a step further by making every partner a full masternode — ensuring that you are not only provided with a full return on investment but also ever-increasing value through tokens generated.
South African zero-waste retailer Shop Zero chose the Blocknode system because traditional rewards systems didn’t appeal to them. Their staff are excited about the new system and have received “smooth, transparent and efficient” service from the Blocknode team.
“Customers get to be part of something innovative and ‘green’, while having the opportunity to obtain a currency that can grow in value if they hold on to it and choose not to spend it straight away.” — Shop Zero
Blockchain systems are often associated with a volatile market, but Superior Powder Coaters see this as a short-term issue:
“As this technology grows and as more people come into this space, the volatile nature will become a thing of the past, I think everyone is keen on sending money anywhere in the world for next to nothing in fees.”
The masternode system means you maintain full control of your initial investment and keep any interest earned off your tokens, which can then be utilized as rewards for staff or customers. All third-party recipients will receive their own digital wallet which they can use to cash out their tokens, spend them on affiliated products or keep as a store of value.
“We have control over the rewards and we are not forced to agree to any restrictive terms and conditions”
- Organik, Blocknode Partner
But I’m not technical?
Running your own masternode may seem daunting for those unfamiliar with blockchain technology, but never fear — the highly experienced Blocknode technical team are available to set up the entire process for you as part of the package. All you require is a computer or server on-site for the team to install the masternode on and you’re good to go.
“..we are not technologically sound, looks like a nightmare, but Blocknode has sorted this all out for us quite easily.”
- Superior Powder Coaters, Blocknode Partner
“It is fairly technical, the average Joe will not be able to set up a masternode — we are glad to have help from the Blocknode team here!”
- Organik, Blocknode Partner
Blocknode is a proof-of-stake (PoS) network, meaning you don’t need any additional hardware to generate tokens, as with bitcoin mining. Simply storing your initial investment on your masternode gives you access to the system and allows your participation in network consensus, which enables the generation of tokens.
Token Sale
The Blocknode presale occurred three weeks ago and completely sold out in just four days. Initial buy-in is 100,000 Blocknode Tokens (BND) for 0.6 bitcoin (BTC) — approximately $4,500 at current rates.
With listings on both Coinexchange and Cryptopia, all Blocknode partners and their beneficiaries will be able to monitor and trade BND tokens on international cryptocurrencies markets.
Morcana Yoga is another early investor who are already involved with cryptocurrency as they accept bitcoin payments for their services and products. They are very happy with the decentralized and immutable nature of a blockchain rewards system and when asked what benefits they believe the Blocknode system offers, they said:
“[The] system cannot be watered down [and] clients cannot lose their rewards due to companies changing their T&C’s. [We don’t have to] build and maintain our own database which is susceptible to all the traditional limitations of non-blockchain tech.”
Future Progress
The Blocknode team is hard at work developing new partnerships worldwide and adding additional features to the system. A strong media and public relations campaign is in effect on multiple channels to ensure maximum exposure and attract new customers. New technological developments that the team are currently progressing with include atomic swaps — a system that allows instant peer-to-peer trading and negates the time and fees associated with using an exchange.
You can have a look at their project here:
Website: https://blocknode.tech/
Discord: https://discord.gg/amSDXcC
Twitter: https://twitter.com/blocknodetech
Telegram: http://t.me/blocknodetech
