NEAR FOUNDATION FORMS STRATEGIC PARTNERSHIP WITH CHAINREWARDZ: REDEFINING LOYALTY REWARDS
NEAR Foundation is thrilled to announce its recent strategic alliance with Chainrewardz, a next-gen platform delivering hassle-free redemption of Open Web-based rewards, without the need for any coding.
Chainrewardz: Simplifying Rewards for Web 3.0
Pioneering a revolution in the way rewards are offered on the Open Web, Chainrewardz enables projects to readily offer users a host of discounts and rewards through their Reward-to-Earn (R2E) incentives. With every redemption, projects can earn NEAR tokens, facilitating revenue generation in the early stages of their lifecycle.
The collaboration between the NEAR Foundation and Chainrewardz aims to significantly enhance the Open Web landscape. This joint venture will merge NEAR’s state-of-the-art blockchain technology with Chainrewardz’ rewards expertise, fostering new and enticing opportunities. The ultimate objective being to achieve extensive adoption by introducing tangible utility for tokens.
Unifying the Open Web with the Real World
Chainrewardz is a sophisticated platform, servicing Open Web-based projects with an efficient, effortless rewards redemption system. With the elimination of coding, projects can effortlessly offer a plethora of discounts and rewards to their communities. Initiating a project in this way only requires only a smart contract address.
Boasting an impressive lineup of 1.8 million hotels and 2000 global retailers, Chainrewardz doesn’t intend to stop there. The ambitious plan for expansion includes adding airlines, food delivery and pickup services, mobile airtime top-ups, and even card issuance to its repertoire.
The key advantage of employing Chainrewardz lies in its significant time and cost savings. Projects are now able to implement rewards programs without the daunting prospect of long development times or convoluted contract negotiations.
The user-friendly no-code solution coupled with a meticulously curated selection of content enables projects to maintain focus on their core offerings. Irrespective of their size, projects can launch rewards programs in a matter of minutes, evading the typical lengthy timeline that could extend over several months.
This blog has been published in collaboration with NEAR Foundation.
Edited by @achildhoodhero
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