2015 - 2016
$48 277 157
Loyalty market offers USD 500bn opportunity for blockchain infrastructure. Today’s brand-specific point-based loyalty market is inefficient and inconvenient for both brands and customers. Converting points into real-value loyalty tokens on the blockchain has enormous potential. Qiibee would be especially interesting for SME.
Qiibee is Loyalty Token Protocol. It gives an opportunity to easily create own brand loyalty tokens, which capitalizes at significant scale and adoption rate. Brands issue own loyalty tokens via plug & play and enjoy the flexibility of loyalty program design. The platform and tokens merge all distinct loyalty brand tokens to one ecosystem. Gives an opportunity to exchange any token to QBX and then to fiat. In Q2 2018 only, 10 brands confirmed loyalty token and DAPP issuance on qiibee. As a result, it is expected, that the adoption rate of Qiibee would be high.
The blockchain technology creates a lot of value for Qiibee. However, the only one function for the QBX tokens is payments for creating own loyalty tokens and merging all connected loyalty programs into one. Brands can use the QBX to create and distribute their own loyalty token. Customers can collect, exchange and redeem these loyalty tokens inside the qiibee ecosystem or convert them to QBX to exchange for crypto and FIAT.
On the one hand, the product is ready, on the other, 49% of funds would be allocated to further product development. Huge difference between seed, private and public sale - investors are in unequal conditions.
Project strengths:- High potential of loyalty blockchain market;- Official documentation and available information sources cover all major aspects of the project;- The technical description of the project is sufficient, making it possible to reliably evaluate the viability of the features;- The team composition is quite diverse with moderate blockchain experience, and strong advisors;- Wide social media coverage;- Presence of multiple partnerships;- Available MVP, dApps can be uploaded, API works;- ICO details can be verified through available SSC, which can be found on the project’s GitHub account.Project weaknesses:- On the project’s website, the job roles/titles of the team members are not announced, and information was taken from their LinkedIn accounts whenever possible;- The exact mechanism of how fees will be determined is not covered in the whitepaper, thus future revenues are hard to estimate;- The vesting terms and lock-ups which are disclosed can’t be verified through available SSC;- Incomprehensive roadmap.