How Loyalty Program Works?
The Voyager Loyalty program works by rewarding customers who keep purchasing items at specific stores. The importance of the program is for companies to attract and to know what type of products to stock more. In addition, it makes stores stick to the most preferred way that customers like to be rewarded so that they keep improving it. The loyalty program helps to retain the most trusted clients and how they spend their money.
There are a number of ways in how Loyalty programs tend to work. The best-known strategy includes:
Ultimate contacts to a range of salesEarly access to emerging productsDiscounts to members onlyImproved services and free provision of itemsFree product shipping
Voyager Loyalty Program
It is usually an exciting thing when clients purchase products that they are aware of and that will help them earn discounts at the end of the day. The Voyager Loyalty Company has come up with amazing ways for customers to gain rewards and various benefits. The loyalty program has been revised and also, they have included a new form that is known as the Token Utility Model.
The new program has been promoted with the help of an entire community’s comments and feedback. This has enabled the Voyager loyalty program to include the necessary details that clients love and also, reduce or clear the ones that were not suitable for various customers. The Token utility model that has been introduced to the market comes along with the new Token swap economics.
The Token Swap Economics
The token swap is normally allocated to customers at an average period of time then the company closes its portal. Below is what token swap economics entails.
Voyager Token VGX
A ratio of 1:1
LGO Token to New VGX
A ratio of 6.5:1
The incentive for the first year’s earnings
Brings it to a total of 7%
They have two different holders of the supply.
A VGX holder 222,295,208 token An LGO holder of 33,196,085.
This is done at different times of up to 8 years
1st year- 40MM tokens
2nd year- 20MM tokens
3rd year to the 8th year- 10MM tokens
The total max supply post that is estimated after a year is calculated through the formula- 295,491,293 token times the 7% reward earnings which sum up to 316,175,683.
The company’s loyalty program has four main token utility rewards. Moreover, the program has eligibility for VGX quantity tiers of 500 adventurers, 5,000 explorers, and 20,000 navigators. The four token utility rewards are:
After a year, the held voyager tokens are supposed to earn 7% earnings.
Not eligible for a reward boostConduct future vote rewards with communities. Earnings reward boost
Maintains a 7% flat rateThree tiers will receive rewards boost on the selected crypto assets. Debit card feeFree debit card for devoted member tiers. Crypto back rewards
Price improvementOne time adventurer tierTwo times tier explorerThree times tier navigatorDesktop applicationFree access to the company’s desktop application. Refer a friend method
$40 crypto reward on each referral $25 Bitcoin form for every referral Crypto withdrawal discount30% savings on all customer withdrawal fees. Crypto back on debit cardFor every dollar spent, customers are supposed to receive cashback rewards.
Loyalty programs are a good way to create an incredible rapport between businesses and their customers. This helps the client feel valued and appreciated. Moreover, it attracts customers to keep coming back to shop for more products. Voyager has been able to invite customers through this method which has helped them improve their customer satisfaction survey. This has enabled them to keep coming up with suitable ways to make everything better.
Is there a special promotion at Voyager?
Yes, there are several promotions for the Voyager program members
How does the Voyager token swap work?
The swap works in three ways: Voyager customers verified exchange partners and a web swap.
How many reward tiers are in the Voyager Loyalty program?
There are three tiers which are explorer, adventurer, and navigator.
