Which are the Top 5 Altcoins for Incentives – Rewards – Gamification?

Gamification – which is act of adding game-like features such as incentives and rewards to apps, websites and user communities with the aim of increasing engagement and overall participation – is one of the fastest growing trends in retail. It is used by some of the biggest industries in the world; such as credit card companies and airlines that have a reward based point system integrated into their platforms. And with the advent of blockchain, we can say that the potentials for the gamification of almost anything online has grown to unprecedented heights especially when it comes to online engagement.

Keeping an audience engaged and invested is an everyday battle faced by digital marketers – even professional marketers. The combined power of gamification and blockchain technology will make this a thing of the past. Imagine getting reward points for watching a video, playing a game, or surfing the net; not fictional “ can only be used within this game points ” but points that you can use to make purchases or get discounts at your favorite online store. This simply put is how gamification works. Getting incentives and reward points means that clients will keep coming back, and with the aid of blockchain, businesses will be able to gain better insights into user preferences. Below, we’ve examined out top 5 altcoins for gamification.

 

Experience Points (XP)

In game life, experience points (XP) have been the de facto currency ever since the earliest days of board and digital gaming. Characters are made to gain XP as they go through their narrow world and it is this XP that they use to level up and enhance their function, capabilities and statistics. This decentralized cryptocurrency known as XP aims to take this game-based feature into real-life situations where people can be rewarded in a simple and intuitive reward system. It could be used as a reward for game play or in more applicable real life scenarios like providing solutions to problems endemic to today’s abstract and disconnected reality. XP is a digital currency combined with an independent platform agnostic incentive reward token that enables people eto arn XP via sports, education, conservation, activities and video games and these points can be spent on platforms that support this token as well as in our basic life and blockchain based world. XP’s plan to seamlessly blend cryptocurrency with virtual and real life activities make it a great coin to watch.

 

Metalpay

Metalpay often referred to, as MTL is a cryptocurrency for the Metal Payment processing platform, which is a payment and banking platform that integrates cryptocurrencies. Though similar to the credit cards, MTL is more than just a credit card; it aims to speed up the mass-adoption of cryptocurrency by combining a clean, user-friendly interface with participation incentives. Users of the MTL platform will get a 5% bonus on the payment value made in MTL tokens when they make transactions that are crypto- to – crypto thanks to its proof-of processed-payment system. This means that for every crypto to crypto exchange made on the metal pay platform, you get 5% back – in MTL tokens, neat right? This 5% reward is definitely a crowd puller but you might ask “what if two people keep sending money back and forth between themselves?” Well, the MTL platform has an inbuilt algorithm that detects these patterns and the PoPP for erring accounts will be disabled. Also, there’s a limit to the amount of MTL you can earn every month. MTL will be FDIC insured like US bank accounts and its capacity to compete with Coinbase as a platform – through lower fees and giving back cash for buying crptocurrency – is makes it a cryptocurrency to watch .

 

Incent

Incent is a universal rewards system designed to perfectly suit the world we live in today. It makes use of the blockchain technology to produce what we can describe as “freely tradable and transferable crypto tokens” capable of being shared between different merchants who are users on the platform. The merchants can then use it as rewards for loyal customers by crediting their wallet immediately they reach a set milestone. This platform can be accesses via mobile or PC browser. It rewards users for spending money and even when users don’t spend, they can still get rewarded for their activities on the site. It generates cryptocurrency in your name and this means it doesn’t just give you abstract points. The best part is that the cryptocurrency reward it gives can be used on many other platforms and not just one retailer. It can also be transferred to other users or traded for “Fiat” and other crypto currencies on exchange platforms too. Incent also offers instant settlement as well as the capacity for merchants to use rewards in real world to enhance customer retention. All things being equal, the incent platform is expected to keep growing and as this happens, the value of the limited number of incent coin available is expected to increase as well.

 

Stormtoken

The Storm market is a platform based on blockchain capable of managing gamified micro-tasks and contracts. The native market place token, which is STORM, is used as an incentive for both buyers and sellers. Generally, the market is similar to the typical gaming market in many ways especially because users get rewards for completing certain tasks which can then be used to acquire boosts for leader boards or better profiles. Basically, the Storm token has 3 major possibilities for users to earn tokens: Storm Shop, Storm Play and Storm Gigs. Users are rewarded in Storm Play for playing videos and trying out products and services. The Storm Shop aims to reward users for buying items while Storm Gigs aims to reward users for completing micro-tasks such as QA testing, machine learning etc. The storm market provides an improvement on the speed, cost and security of transactions compared to other non-blockchain competitors. Withdrawals will be a lot faster, transaction cost will be very low and several gamification features (such as XP and reputation) will be integrated.

 

Reward Coin 

Reward Coin is a decentralized loyalty system designed to entice people to shop online. It disrupts the old reward system by taking away coupons and discounts and replacing them with a tradable virtual currency that can be used to shop on many ecommerce websites or on any website that supports the coin. Customer loyalty is reliant on what the customers feel they can get from a brand. Before now, these rewards were viewed as bonuses for making purchases but it’s no longer the case. Customers now expect to be rewarded for making a purchase so these reward points are no longer bonuses; they are part and parcel of what attracts customers to make the purchase in the first place. Businesses now have to deal with the “what is in this for me?” attitude that the customers now have and this makes rewarding customers a major challenge. Reward Coin (RWC) aims to ensure that online all facets of shopping online can be rewarded. Their plan is reward any and every transaction done online with pinpoint accuracy so every customer gets rewarded according to their shopping activities. The ecommerce reward incentive market is currently valued at around $94 billion and this figure is surely growing – by extension, we can say the future of RWC is definitely bright.

27 Comments

  • Sophia Allan March 2018 - Reply

    I recently found a coin called Escrow that is looking to do what Payfair is doing but is on better exchanges. Worth checking out

    • Jason Jones January 2019 - Reply

      hmmm, that is interesting. I am going to look into this one now that yo mentioned it and I haven’t heard of it before now.

  • Phyllis Rawlings March 2018 - Reply

    Before reading this article, I didn’t know much about Stormtoken and Metalpay. Thank you very much for improving my knowledge about these notions. Since I got into digital gaming, experience points or XP is the de facto currency everyone is familiar with. Now XP is recognized cryptocurrency mainly works as reward system.

  • Kamil March 2018 - Reply

    Blockchain is changing the world and those who don’t adapt will be left behind unless they develop some seriously innovative alternatives for those who expect to be rewarded for their time and contribution.

    I wonder when companies like Blizzard or Riot Games are going to come on board. Surely they are already loosing some of their clients who are turning to these modern systems that offer monetary rewards.

  • Michael Rickard March 2018 - Reply

    There doesn’t seem to be any end to the way the world of cryptocurrency is expanding into our lives. I never thought I’d see the day when the experience points I grew up accumulating in role-playing games like Dungeons and Dragons translated into real-life experience points (all I can say is it’s about time! I only wish I could trade in my Dungeons and Dragons experience points for alt coins). As for reward coins, I’m glad to see an alternative to coupons because coupons have lost their value over the years. The days of using coupons to get good deals are becoming rare.

  • Lily May 2018 - Reply

    Well I think this is only natural and more companies will soon follow this trend of using altcoins as incentives for potential clients. I like the idea and all 5 of the altcoins you presented sound interesting at first glance.

  • Maria May 2018 - Reply

    The more popular virtual currencies such as bitcoin become, the more companies will be able to add incentives like this. I personally see it as a great thing for our future. Bitcoins just works and I don’t see it slowing down anytime soon.

  • Hope Keene May 2018 - Reply

    Reward Coin seems promising. After all, I love to shop so anything that incentivizes that is good by me. Before reading this article, I didn’t know much about these reward-based coins. Thank you for sharing!

  • Grace June 2018 - Reply

    Incent is probably the best since it rewards you for both spending and for doing different things on the site. Most won’t be spending so this system will attract a lot of people.

  • Maria Thomas June 2018 - Reply

    If companies want me to take a look at their currency, they have to provide what features they will have for me at the end of the day. If there is one out there that can offer up a reward or two for my attention, then I am going to look at that one first.

  • Paulette King June 2018 - Reply

    Now we are talking! Giving a little bit back when your customers are using your platform is as old as the mountains and there is no reason that the cryptocurrencies would not follow that same path.

  • Ethan Martinez July 2018 - Reply

    I have heard of some platforms that give you point for their site alone but this article opens up a whole lot more than I even knew. Thanks for sharing!

  • Oliver Williams July 2018 - Reply

    Games that keep the audience engaged have become bigger and bigger it is clear. This article helped me understand much more is to come.

  • Ben Amstutz July 2018 - Reply

    It is true. Gamification helps readers and customers engage more in the company. It was only time until the online currency community caught on to this.

  • Josh Sprunger July 2018 - Reply

    The 5% bonus on purchases with MetalPay is a true incentive. I will have to check that one out.

  • Habibah Marquez August 2018 - Reply

    I see examples of gamification everywhere. It’s becoming the norm in retail and other industries to increase engagement. I’m not surprised to see an altcoin maket cropping up around it.

  • Isabelle Mcfarlane August 2018 - Reply

    Gamification! I didn’t know there was a term for it. With Blockchain, I see a lot of opporunities for increased gamification in the retail and hospitality industries. Everyone loves incentives and rewards.

  • Evalina September 2018 - Reply

    I’ve heard all of these are great! I will have to try one or two of them!

  • Deniz September 2018 - Reply

    I’ll have to check out Storm Token. I’ve heard they’re really good at what they do.

  • Brent Moon November 2018 - Reply

    All of this information is a bonus! Thank you for sharing.

  • Jeremy Carver November 2018 - Reply

    Sometimes when you just take a minute to read through the helpful posts that you have, you can come to an understanding on the topic. Altcoins, cryptocurrencies, exchanges and all of the things surrounding the market are points to learn about.

  • Michael Medina November 2018 - Reply

    Reward Coin is one that I like the best. I am not sure if that is because I have been using it mostly over others, but I like the feel of the system and the rewards.

  • Ardell Lowell December 2018 - Reply

    Rewards huh? I LOVE the idea and as a person that has gamed many times in their life, the Experience Points option sounds like a TON of fun!

    • Amber Carson January 2019 - Reply

      I think everyone could get on board with a few rewards every now and again, right?

  • Elizabeth Kimpel December 2018 - Reply

    I think rewards through cryptocurrency is smart. There are so many loyalty programs out there right now and why wouldn’t you have one tied to a crypto wallet?

  • Frances Pittman December 2018 - Reply

    Thank you so much for these suggestions. Reward seems to have the features that I can implement for the users of my online application. Consumer’s loyalty is HUGE for companies.

  • Samuel Hernandez January 2019 - Reply

    XP is awesome. If you have ever played an MMORPG then you are well aware how awesome it is to get some 🙂

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