Loycha

Loycha - Loyalty, Rewards and Payment System

Summary:

Loycha is a new era Loyalty, Rewards and Payment system based on Stellar Network Blockchain which enables users to earn and spend their money through a Mobile Wallet (e-wallet).

CATEGORY: Applications, Tools & Infrastructure

GOALS:

First of all, we have achieved until now 3 main goals which are very important for our project:

We have a legally established company in Kosovo since 2018 where we pay taxes See official government link here
We have already signed partnerships with more than 20 companies which will be using our software in Q3 2020 once we go live
**We have created a working Alpha version of our app on test Stellar Network, which is going to be live soon. You can check and download the app from our homepage at Loycha **

Below you can find our Goals and heavy roadmap for 2020 and what we have achieved so far till now on 2019:

2020 Goals

2019 Achievements

DESCRIPTION:

Loyalty token and Rewards application which will reduce costs. Near real-time process with blockchain secure environment for Improving front-end payment capabilities for customer experience.

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A new loyalty era in Blockchain

We are here to change the way the Loyalty Systems work. We are developing a new loyalty network platform of the new era in Blockchain which will make the loyalty functional again. We will use Blockchain, Smart Contracts and mobile applications to achieve that. Our plan is to become the leader of loyalty in the world as Airbnb is (the largest accommodation provider which owns no real estate) or Uber is (the largest taxi company which owns no vehicles) or Alibaba is (the most valuable retailer which has no inventory) or as Facebook (is the most popular media provider which generates no content) is.

The real part of the revolution that our team will bring is that users data residing on the loyalty part will be users private data and only they will own that. Because of all we know that the private users' data like activities that we do in an airline company, car rental companies or even in any social media environment etc all they remain in corresponding companies’ databases if we decide to move to another company or software. But with Loycha, the data will not need to move anywhere. It will remain in user’s personal database and users will be able to choose between companies that they want to see their data. This operation will be as easy as opt-in and opt-out in mobile application to show and hide these data from partners, so the new partners will be able to see easily users activities and decide on user loyalty weight or users customer metrics.

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Partners will be able to join and be a part of the Loycha by paying ZERO COST FEE. They will not need to pay for joining, or being part of a loyalty or having integrated the loyalty. The will not need any hardware or any other cost. It will be totally free and they will have partnerships with all other partners and be able to do easily cross-marketing and gain new customers from all partners around.

Also, we are going to disturb the marketing sector by removing the middle-man (the main idea behind Bitcoin and Blockchain) and enabling the companies and their customers to interact directly in a win-win model. The model created by Loycha team will enable companies to do their marketing and spend their money directly to their target audience by paying their target audience based on smart-contract advertisements (pay target audience on per click, per view, per download, per purchase etc ), so instead of paying middle-mans like Google, Facebook and other companies that sell advertisements, companies will be able to compete and do them in their own and dedicate the goods to their customers.

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15 Problems and 15 solutions we offer to solve loyalty problems.

Why LOYCHA is a game-changer in Loyalty?

Loycha is not just another coin. We believe that blockchain is a revolution in technology as the internet was for our lives. The loyalty program fit with blockchain makes sense more than any other sector, as it was already using virtual money (points and miles) but in centralized systems and using dated technology with the same types of rehashed rules. To create a loyal customer in the blockchain era, loyalty program thinking has to be adapted to create new methods and thus, opportunities.

While the loyalty industry is growing, the majority of loyalty programs focus on revenue over and above customer loyalty, which creates a mismatch in needs and expectations.

Loycha aims to change this, to change the game and to bring customers more of what they want. Below you can find some existing problems and our solutions to these problems.

Loycha Features

Online ownership of Data will belong to users

Only users who store data on the blockchain can access them through encryption keys and partners will be able to access the data through smart contracts and only on the level provided by users

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Integration of Companies and corporates

Employees will be able to benefit from different bonuses provided
to them through Loycha and their companies.

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Sports teams are integrated

Teams availability to engage with their fans, option to receive funds etc. Every team will have a skin for their mobile app and team badge will be provided to.

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Gamification and badges

In the gamification process, Loycha will have friendly competitions using leaderboards and badges which we will mention the achievements of users and enabling them process tracking. Using smart contracts, companies will be able to create smart and easy to understand tasks so users don’t have to think a lot on what they have to do and how they need to do to complete those.

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Location-based services

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Improving store experience with Beacons

Loycha will provide to its partners with some small devices called Beacons (which you can read more details below), which will enable partners to inform nearby people with smartphone about their products on sale, about promotions, discounts, or about everything they find important for their business.

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Mobile payments with Loycha Wallet

Users can use Loycha as mobile payment in all partner shops. If they have enough balance credit, they will be able to pay for any product or service at the partner without having to use cash or credit cards. They will need only their mobile phones and scan a barcode and the payment is processed in 3–5 seconds.

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Social Responsibility

5% of the net profit will be donated.

One of the most important parts of being human is to support other people in need. We all work in different fields, starting from us in blockchain and loyalty, but we must not forget that not all people are lucky as we are.
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Zero fees for transfers to Charity and Donations.

As mentioned earlier, Loycha will enable receiving free donations for Charities, NGOs and Foundations (non-profit ones ), like Non-Governmental Organisations, Health Charities, Education Charities, Environmental Charities, Child Sponsorship Organizations. There will not be any transfer fee for these donations (except the gas fee which is required for stellar blockchain in transactions and is very very small). It will be enough for the charities and others to validate their activity with legal papers to us.

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Main Loycha Shareholders

Main Loycha Key Holders will be:

Funds allocation

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Some images from our mobile app

Tags: loyalty,rewards,wallet,blockchain,stellar,coin

omehmeti

Here you can find a video with an account to use:
How to log in and use with a sample account

omehmeti

Also, new APK will be updated from time to time, we have two types of logins. One is the user login where you can register at your own and create the account, and use these credentials to log in, also you can use our below accounts to test the app if you don't want to register:

Testing purposes user account information:
Phone number: 383 44 752 859
Password: 123321

Partner testing account information:
Phone number: 383 49 700 800
Password: 123321

loycha

Hi everyone,

Just want to let you know that we have added 1000 EURO bonus (this is of course only for testing the app 😃 ) to everyone that gets the ALPHA version of our app which can be downloaded from APK there on Loycha Website. So register and test this 1000 EURO 🙂

Also feel free to ask for anything you want 🙂

omehmeti

Hi everyone,

As its still ongoing, we are pleased to anounce that we have added TRANSFERS to our app so users can transfer Loycha to each other at no cost. And its easy just go to our web site and download the android apk and install it. Create an account and you are ready to go 😊

Felcony

This not available to other country.

omehmeti

Felcony Dear Felcony, you can register by trying a number like 38349 and six other numbers like 38349998877 for example and because its in test you will validate it with 123456 instead of receiving any sms. So you can use the app without any problem.

The reason for restriction of the phone number is that we are going to start the project in Kosovo and make the live tests here and after that we will remove the phone number limitation and get an sms provider for whole world and let register with any number.

But for the moment as I mentioned you can enroll and test the app.

If you face any problem, please let us know.

omehmeti

@tyvdh can we have your valued feedback for our project as well 🙂

omehmeti

Dear All,

We have just released a new APK on our website with some small bugfixes and UI improvements. If you have downloaded, you can get the new one there.

Every feedback is welcome.

Best wishes for all projects.

Scopuly

Great and useful project.
Will you use only your token for loyalty points or will each partner / company have to issue their own tokens for their loyalty programs?

omehmeti

Scopuly hey Scopuly. Thanks a lot for your nice word. The huge point here is that there will be a single token Loycha Token and it will be used at same rate and everything for all partners. This will give users and partners a lot of advandages comparing to the current systems where each partner has its own token. First of all users are able to win everywhere and spend everywhere without having to worry about conversions or check which partners are eligible. In the other hand, partners benefit from it because instead of having to do agreemen with each of the partners, they do it only with Loycha and become part of our partnership pool so they have advantage of targeting users that they cant access and they do this without any extra agreements or anything 🙂

Scopuly

omehmeti And if a client wants to issue his own branded loyalty token and create a real market for him, can this be done in your application?

omehmeti

Hi all,

Just wanted to share with you an update. We are talking with a potential partnership in Europe which will make us open also our office in Europe as well. I hope soon we will finish the deal and let you know for the results. Please feel free to ask any question that you might be interested in.

Enjoy your day 😊

omehmeti

Scopuly No. They will not be able to do so through Loycha.

There are some companies doing this, they allow other companies to issue their own token through their system, but its again standard loyalty, just the change is that its done on blockchain. There will be again planty of loyalty systems for each company. And users wont benefit from singlensystem, they wil need to enroll to each company separately. Plus companies will need each to create partnerships at their own.

omehmeti

Just a quick update: This week we are adding also some features together with push notification system to the app. We will inform the community here first.

Also, we plan to add this release to Google Playstore so the application will be available also on play store to download.

Again thank you for your support and your private messages on Keybase. They are motivating us a lot to work even harder 🙂

omehmeti

Hi all. We have added new features together with push notifications. Please download latest apk from our website.

tyvdh

I love the idea and while you're definitely not the first company to try and merge blockchain and a loyalty points program there's definitely something here. Would love to see a video walkthrough/pitch. Also fewer screenshots and more words around how your tech is structured would be great. A few of your links here and on your site aren't working/404s.

https://loycha.com/token-sale#funds-allocation
https://loycha.com/static/loychavideo.mp4

Design looks good but more polish and pitch on the actual product would be nice.

omehmeti

tyvdh Hi, thanks for your comments. And thank you for pointing to broken links. We will correct them as we need them also for SEO as well. Here and also in the web page, the found allocation are described in hight level as a percentage as we don't know how much we will receive.

When it comes to making loyalty in blockchain, it's true that there are some that have tried the same, but the problem is they have tried the regular loyalty passing to the blockchain, which didn't work well as traditional loyalties are not working/performing well because of 15 problems that we have described on here. The way we are doing unique is that we will create the partner pool and we will create a single token among all the partners and the paperwork for partnerships will be very less. Plus we will use the strengths of Stellar for fast and cheap transactions which enable us to do fast the microtransactions as well, where we will have a huge focus on.

When it comes to a short video and a technical description, we will prepare both of them and share them here also. Also if you check our app, we wanted to make it smooth for normal daily people so they don't get too much about the blockchain, but they use it as a normal app and everything goes smoothly on the backside.

We will update the thread on this way also notify here everyone. Thanks for the comments again.

omehmeti

tyvdh Hi again. The video is working now. You can check. We will also add another video today to show more features.

tyvdh

Your featured image is broken as well. Looks like your static directory isn't behaving correctly.

Eddy

Loycha is really good.

omehmeti

Eddy Thanks a lot Eddy 🙂 please dont forget the nominations procedures have started on stellarcommunity.fund go and help the projects you like 🙂