Kai-Ching functions as a digital reward currency within a platform, earned by users for engaging in specific activities. Users accumulate these points by completing tasks or reaching milestones, similar to how loyalty programs offer points for customer engagement. This system incentivizes users to remain active and continuously interact with the platform.
๐ฏ Kaikai:
Kaikai is the marketplace where users can redeem their Kai-Ching points for various rewards. These rewards can include digital items, exclusive content, or even real-world discounts and services. The marketplace is designed to provide a seamless experience, helping users see the direct value of their points and encouraging loyalty by offering a variety of appealing options.
โถ๏ธ How NEAR Blockchain Supports This:
The NEAR blockchain serves as the foundation for systems like Kai-Ching and Kaikai, providing a scalable and efficient infrastructure. Its smart contracts automate the earning and spending of Kai-Ching points, ensuring security and transparency in transactions. NEAR's low transaction fees make it practical for users to frequently earn and spend small amounts of points without incurring high costs, enhancing the feasibility of microtransactions.
๐ Key Componentsย
KAI-CHING (KAIC): This digital token, pegged to the US dollar, lets you earn rewards for interacting with Cosmose.ai apps. Think of it as points you can use for in-app purchases and loyalty programs.
KAIKAI App: This personalized app tailors your experience, potentially suggesting nearby stores and recommending products youโll love.
KAIKAINOW Lock Screen Technology: This innovative feature takes personalization a step further. Imagine your phoneโs lock screen displaying relevant offers or updates, making your experience even more seamless.
Earning Kai-Ching: When you complete certain tasks or reach certain milestones on a platform (like finishing a level in a game or completing a survey), you receive Kai-Ching points. This is similar to loyalty points you might earn through a frequent flyer program or a credit card rewards system.
Utilizing Kai-Ching: Once you've accumulated enough Kai-Ching, you can redeem these points for various rewards or benefits offered by the platform. This could range from digital items, like exclusive content, to potential discounts on real-world products or services.
Incentives for Active Engagement: Platforms may offer additional Kai-Ching for engaging in specific actions, such as participating in challenges, collaborating with other users, or achieving higher levels of activity. This motivates users to remain engaged with the platform.
๐๏ธ KaiKai Features:
Using Kai-Ching in Kaikai: Within the Kaikai marketplace, users can browse and select from a range of offerings that can be redeemed using Kai-Ching. These offerings might include both virtual assets (like exclusive digital items) and physical items (such as discounts or vouchers for real-world goods and services).
ย Structured Rewards System: The Kaikai marketplace is designed to provide a structured and clear path for users to utilize their earned points effectively. It creates a direct connection between usersโ engagement on the platform and the tangible benefits they can acquire.
Rewarding Loyalty and Interaction: By providing a variety of appealing rewards, Kaikai encourages users to continue earning and redeeming Kai-Ching. This reinforces a cycle of engagement where users see the value in their ongoing interaction with the platform.
If you're wondering why this is even important, let me explain. Behind the success of $NEAR 10x run was Kaikai. This Dapp became the most active and widely used application across all blockchain products. Unlike other gimmicky products, Kaikai is used by real people and excels at onboarding non-native crypto users. We've only tapped the tip of the iceberg, and the growth potential is still undervalued.
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