New school cryptocash brings old school loyalty to customer retention

Repeat customers has been a core focus of any business for as long as anyone can remember. It costs less to keep a new customer coming back than it does to attract a new one, and in the world of tech and iterative development it’s your existing customers who will give you the constant feedback about your product that you need. The marketing technology (martech) space has filled to the brim in recent years, with big players like Adobe, Salesforce and Oracle owning much of the space. But it’s an industry constantly under pressure from below as younger companies get stuck in to new technologies, initially with clever javascript, but increasingly with AI and now blockchain and cryptocurrencies.

“Starting up cannot be half-hearted. Either you put in everything you have and come out of the comfort zone, or you will soon succumb to the financial pressures.” – Palash Bagchi

The DApp is designed in such a way as to allow developers to link their site to the underlying blockchain such that it can be customised to each site, but all link back to the same underlying code base. This means that any given customer can use a single RETN Wallet, in turn linked to said same blockchain, across all participating sites to earn Cryptocoin RETN which can be redeemed on site or converted into cash. The point, Bagchi said, was that “Irrespective of where they spend or interact, consumers will get all their loyalty points redeemed into that single wallet.” Being able to offer a cryptocurrency with 100% utility immediately gives RETN a heads up on a lot of other altcoins, which provided the company with their initial funding. “Retainly ICO just completed a small Presale Sprint 1 of RETN Tokens and raised more than $100K worth of investments spanning in multiple currency types including fiat.” Said Bagchi, continuing, “a total of 2 Million RETN Tokens are already in circulation held by more than 2900 investors. The Presale Sprint 2 is planned to open on 22nd January 2018 and expecting a massive response from investors.” The second presale sprint will see 150 million tokens up for sale, followed by a third of the same size on February 19th. Here’s where you can invest. By the end of this year the company is expecting to have 50,000 businesses on board and two million customers. Some of the world’s largest retailers like Carrefour, Aliexpress, Home Town, VMWare, HotelWiz, and more have already signed up as early adopters of the RETN Cashback API.