SAN FRANCISCO, Aug. 25, 2021 (GLOBE NEWSWIRE) — RocketFuel Blockchain, Inc. (OTC: RKFL), a world supplier of crypto cost options, as we speak introduced plans to difficulty its personal crypto token via an Preliminary Change Providing (IEO) by way of a number one cryptocurrency change. RocketFuel is concentrating on a $15 million increase within the IEO from the issuance.
The coin can be used for a token-based loyalty program aimed toward incentivizing customers to make purchases utilizing cryptocurrencies or another cost technique.
The tokens will permit RocketFuel clients to redeem, unlock and buy extra providers and merchandise like airline upgrades, lodge bookings, live performance exhibits, sports activities occasions, and many others. Prospects may earn tokens after they make purchases on RocketFuel’s cost ecosystem.
RocketFuel’s blockchain based mostly loyalty program can be designed to handle the rising loyalty fraud within the journey and different industries. The worldwide pandemic hasn’t slowed the steep rise of loyalty fraud, however fairly the other. As frequent flyer balances are left untouched by members, they turn into profitable targets for fraudsters to swoop in and steal them with out being observed. Based on a Morder Intelligence report, “the worldwide loyalty administration market was valued at US$4B in 2020 and anticipated to achieve US$14B by 2026.” RocketFuel believes that its blockchain-based loyalty token can be just about unattainable to hack.
“We’re very excited to announce our new token and loyalty program, which is able to profit retailers and customers and can unlock varied rewards inside our platform. This can result in extra transactions and better adoption of crypto which is able to finally profit your entire crypto cost ecosystem and the individuals who assist it,” mentioned Peter Jensen, CEO of RocketFuel. “As well as, the funds acquired in the course of the token distribution can be used to additional gasoline the fast enlargement of RocketFuel’s market share, product growth, and advertising efforts.”
RocketFuel has been energetic within the funds area since its launch in Q1 2021 and just lately introduced the industry-first “Worth Settlement Assure” characteristic which permits retailers to all the time obtain deposits equal to the listed value of products bought with out ever being affected by the crypto-to-fiat change price fluctuations. By releasing such industry-leading options via its one-click cost interface, RocketFuel is reinventing the funds area with advantages not seen in conventional cost platforms.
About RocketFuel Blockchain, Inc.
RocketFuel is a world funds resolution supplier that gives web shoppers with a easy, easy-to-use, one-click checkout course of that accepts funds with Bitcoin and 50+ cryptocurrencies. RocketFuel offers a extremely safe and environment friendly procuring cart expertise with considerably low charges for retailers, together with the advantages of no chargebacks and no card declines. RocketFuel’s options concentrate on enhanced buyer privateness safety eliminating the chance of a knowledge breach whereas bettering pace, safety, and ease of use. Buyers on RocketFuel powered on-line shops get pleasure from seamless check-out and overlook the clunky cart paradigm of the previous. RocketFuel retailers are capable of implement new impulse shopping for schemes and generate new gross sales channels which are unavailable in different present-day e-commerce options. Extra details about RocketFuel is accessible at: www.RocketFuelBlockchain.com
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Ben Yankowitz, CFO