Loops Rewards are launching universal reward points to disrupt the loyalty industry and have opened an office on Malta the "Blockchain Island"
• Product in development, live to customers in Nov/Dec • London & Malta offices • ICO planned for Q1 2019 • Co-Founders have 20+ years of professional product and business experience across multiple industries
LONDON and MALTA, Sept. 13, 2018 /PRNewswire-PRWeb/ -- Loops are universal reward points that are fun to earn & easy to spend. The founders are focusing on creating a consumer-focused blockchain product that appeals to a broader audience than current crypto-enthusiasts.
The Co-founders of Loops Rewards Jörg Malang (CEO, Malta) and Greg Jarrett (CTO, London) have commenced product development and preparation for 2019 ICO launch. Having worked together in 2011, the founders have produced some innovative products both together and separately. They are joining the ranks of a number of start-up compa-nies using blockchain to create disruptive new business models across the globe.
"We believe that loyalty belongs in the hands of customers. Today's loyalty schemes aren't always customer centric. Most points are diffi-cult to earn and can only be spent with one partner. Also, to make matters worse loyalty points tend to expire" says Jörg Malang, Co-Founder & CEO of Loops.
"We are building a disruptive loyalty business powered by blockchain. It's super exciting to be building the first version of our consumer app for the end of the year", Greg Jarret, Co-Founder & CTO.
Loops Rewards are planning their ICO for early next year. While multiple countries are being accessed, Malta's blockchain friendly legislation makes it very an attractive option. The co-founders have also chosen the Blockchain Island as its second office location to give it access to the evolving blockchain ecosystem.
The project is self-funded by the partners who are building the first ver-sion of their product to launch in Q4. Designed to create consumer and commercial traction before running the ICO in Q1 2019. This will give potential investors the opportunity to try the live product before investing funds. Additional seed funding is also being raised as part of the ICO preparation.
SOURCE Loops Rewards
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