Fida is creating the token issuance and redemption infrastructure so a brand will just need to issue a token to operate a loyalty programme.
The key feature of tokens versus points is instant liquidity.
Fida is creating the token issuance and redemption infrastructure so a brand will just need to issue a token to operate a loyalty programme.
The key feature of tokens versus points is instant liquidity.
Tokens earned through one loyalty program can be spent on another.
Tokens can be transferred from one holder to another
Tokens don’t expire and have the possibility of increasing in value
Tokens can be converted into any other ERC20 token
The first token issued is Fida's own FID token which can be earned initially by customers purchasing tickets from selected partners of Coras.
There will be other partners where customers can earn FID tokens through their online purchases.
Fida has also launched a decentralised application (dApp) that lives on the blockchain.
Fida can also be earned through liquidity providing.
First loyalty token Fida (FID) was launched and can be earned through liquidity providing and loyalty from purchasing goods and services from selected partners.
Q1 2023
Fida will be able to be redeemed to purchase goods and services.
Q3 2023
First partner tokens will be minted with similar functionality as Fida.
Q4 2023
Additional functionality will be added to Fida and partner tokens.
Q1 2024