Concordium, the Layer 1 science-backed blockchain creating a safer digital world, has announced an integration with SharingClub, a Web3 platform presenting everyday users with the ability to earn rewards on purchases. This partnership will allow SharingClub to transform the process of loyalty programs, giving users the flexibility to accumulate rewards from various businesses and spend them where they wish. Ultimately, SharingClub aims to address the rising costs of living by providing access to exclusive deals and rewards not previously available to the public.
The current customer loyalty landscape suffers from fragmentation, with rewards being limited to specific brands or establishments. Through the Concordium blockchain, SharingClub is paving the way to eliminate this restriction by making proprietary loyalty program points interoperational with its FairShare (FASH) token.
Lars Rostock Jehl, CEO at SharingClub, said “At SharingClub, we believe that customer loyalty is an important feature for any business, but customers deserve to benefit from this and buy what they want from where they want. The interconnectedness of SharingClub opens up new opportunities for customer attraction and retention. By creating a system whereby a customer can earn rewards from a supermarket, and spend them on a weekend getaway, we open the door for a refreshing look at how rewarded customers truly feel when they show love for their favorite brands. We are welcoming new partners to join the open merchant ecosystem, and collaborate to bring exceptional growth and benefits.”
When a user makes a purchase through a merchant, a percentage of the transaction amount is directed to SharingClub. In return, the user and the merchant each receive a share of the transaction amount in loyalty tokens, and a part is allocated into the referral program for promoters. Sharingclub.io immediately utilizes half of the received fiat to purchase FASH tokens from the market, creating demand and driving token value.
Lars Seier Christensen, Chairman and Founder at Concoridum, said “This partnership furthers Concordium’s mission to address real-world challenges through the use of blockchain. The Concordium blockchain leads in security, sustainability, and speed, which will benefit customers of various industries as they make purchases through SharingClub. It is through these real-world applications of blockchain that the true value of the technology begins to emerge. When users are presented with previously unachievable capabilities, we see the unlocking of blockchain’s transformative potential.”
Through Concordium, the SharingClub platform is capable of being tailored to suit businesses of all types, allowing for the possibility of expansion into additional markets and facilitating future growth. To get started with SharingClub and earn inflation-resistant crypto as a result of your brand and company loyalty, visit: www.sharingclub.io
Concordium is a permissionless green layer 1, a science-backed blockchain that balances privacy with accountability through its ID layer and Zero-knowledge proofs. Creating trust with ID is key to scaling businesses. Concordium provides a fast, secure, and high-scale blockchain platform that makes building use cases and using dApps easy. Concordium differs by having verified ID and instant finality with high throughput, and low transaction fees, pegged to FIAT. With leadership from Fortune 500 companies, Volvo, IKEA, Credit Suisse, Uber, and successful Fintech platforms, the team is scaling the chain to its extensive network of the world’s biggest enterprises.
For more information: concordium.com
SharingClub is a benefit club for customers, retailers and brand owners.
Build as an open product-agnostic loyalty platform on a Web3 infrastructure (Blockchain), SharingClub leverages a loyalty token “FairShare” (FASH) that benefits brand owners, retailers, customers and promoters in the “SHOP : SHARE : EARN” Tokenomics model. The collaborative ecosystem empowers retailers to establish and nurture customer relations more cost-effectively, allows brand owners to directly engage and reward consumers, and enables consumers to earn rewards while shopping for all their needs – all because we work together as one community.
The Company is headquartered in Zug, Switzerland. SharingClub currently works with partners and customers in Sweden, Finland, Norway, Denmark, Iceland, Spain, UK, Germany and China.
For more information: https://www.sharingclub.io
SharingClub GmbH is owned by Malmö, Sweden based CBS Invest AB and experienced loyalty program management. CBS Invest AB owns and operates 25 B2C websites in Sweden, Finland, Norway, Denmark, UK and Germany, as well as support partners in Spain and China.