Rewards4U ™ Whitepaper

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  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559072587
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    claim has been flagged as flag test


  • unWEFunWEF Rep This User!

    Very interesting. At first it looks like traditional rewards points but just sort of tokenized, but actually when you dig into it there are really a lot of new concepts here.

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  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559151418
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    claim has been flagged as It is illegal for some businesses from countries such as the USA to do business with some countries such as North Korea or Iran. It is not illegal for all countries however, we cannot therefore make such a blanket statement and is really just being pedantic taking things to the ridiculous rather than what is common acceptance.


  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559151507
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    claim has been flagged as We will be using third party checking to establish through National Business Numbers, one as an example we will be using will be RapidID. Not sure of the point of this as any customer can also use the system and there are countries which still do not have Business Numbers. This would seem a little Pedantic given the nature of what the world is and the way it works.


  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559151828
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    claim has been flagged as Each country has different laws and regulations, to suggest Businesses and/or exchanges will not have to abide by those laws would seem to be a moot point. Abiding by local laws is an accepted business practice and does not need to be explained. Neither can it be stated as each country has different laws.


  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559152014
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    claim has been flagged as We are in discussion with a number of exchanges and once we are ready to launch the APP and the points on to those exchanges it is premature to announce it.


  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559152150
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    claim has been flagged as Each country has different Privacy Laws, KYC - Know your client laws - AML Anti money Laundering Laws. It is an accepted business practice that all businesses will have to abide by those laws and does not need to be pointed out.


  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559152279
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    claim has been flagged as That is trues, that is why most loyalty programs are not deemed to be of any or much value to the customers and the reason why they are not getting the loyalty for which they are designed. This system is about what the customer wants and what the customer would like and value. As a customer, would you prefer a point which can be devalued, lost or become worthless and can be only used at one business? Or would you prefer a point which can increase in value, be used at any participating business, and can be held and owned by you as the customer? You know the answer, and any business that is smart will want what their customers want. Forced loyalty is not real loyalty. Real loyalty is given by customers and not forced by the business.


  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559152586
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    claim has been flagged as The Patent is held in the name of one the Founders and licensed to the company. The company is not looking for investors in the company so this is a moot point. The company is merely looking for Businesses and customers to use the system, it is rare for Businesses or customers to search out Patents held by Samsung or Toyota when they buy their products, so this also is not a relevant issue.


  • MX10178MX10178 Rep This User!
    a new claim has been added! it is claim # cla1559126213
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    claim has been flagged as We are currently in Alpha testing with the APP and it will be released ASAP. This is a pre-launch platform so we do not understand the point here.


  • BLXguruBLXguru Rep This User!

    Interesting, the only thing I wonder is if businesses will want to pay cash for rewards points, rather than giving away points that can be exchanged for excess product (i.e. empty airline seats or hotel rooms) that would otherwise go to waste.

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  • CryptoHunterCryptoHunter Rep This User!

    These points are a lot more exciting than airline miles though. Especially if they can appreciate in cash value. I think most people would rather have the money

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  • hassaanahmadhassaanahmad Rep This User!
    a new claim has been added! it is claim # cla1559186006
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    claim has been flagged as Security is paramount with something of value and the Crypto world has experienced theft and we are doing our utmost to ensure that our customers privacy and tokens are secure.


  • madexcelmadexcel Rep This User!

    Don’t you see how hypocritical your flag to the claim above is? The patent is so relevant that you mention it in your marketing material, but when you have to admit that the patent is not the company’s, then the patent is not relevant at all.

    I am amused that companies behave like Trump. It is indeed relevant if you lie during accreditation. The community is trying to accredit you and help you.

    Well, if you say you have a patent but you don't, its false advertising and who knows what you use the wp for. Probably not for raising money since much info is missing.

    Never the less, accreditation means we check to see if the info is correct and what is not correct. I would like to know if such a patent exists. If a patent number were provided I could verify that. I’m merely writing this as a post, not as a claim, as I don't want stress my colleges with unnecessary jury duty. But if a such a patent does not exist, then a lie would be covered up with another lie and this would be claim worthy.

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  • Rewards4URewards4U Rep This User!

    We definitely do have a Patent and we will disclose the details to the administrator of this forum for verification.

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  • HopeHKHopeHK Rep This User!

    Hey guys the company only said that the Rewards4U system was patented. They did not say that Rewards4U is the specific entity that owns the patent. So they did Not mislead anyone and I don't see what the big stink about it is.

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  • madexcelmadexcel Rep This User!

    @HopeHK You are right. It would have been enough to say they have licensing deals. Who cares? Give a number of the patent, but, like always people dig their own hole deeper. Since they said that this is not a relevant issue they put their ethics in question. And further confirmed that they wanted to give the impression that it’s the firm’s patent. It changed from a mere uttering in marketing to a key element of they want people to believe.

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  • HopeHKHopeHK Rep This User!

    @madexcel yeah and this is exactly my point. They have escalated it themselves by stating that the paper isn't really relevant. But we are only here to evaluate what was originally written in the white paper, and not evaluate company responses to forum posts.

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  • madexcelmadexcel Rep This User!

    @Rewards4U Thanks for trying to give proof that the patent exists. But I don't know if I can believe just anyone posting here later on, claiming that they are a verifiable source for the community. I never see admins on this forum. Pls explain

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  • MX10178MX10178 Rep This User!

    @hopeHK Allow me to correct you. We are here to make sure that people are safe trusting a company with a document brought forward, and this includes how people will construe the document. It seems to me that the question on hand is not taken lightly by the courts, and this of course creates a business problem. Each offense of a false patent claim can be penalized up to $500. https://ocpatentlawyer.com/penalty-for-false-patent-marking/

    Someone could argue that each token is attached to a false claim, hence a $1 reward point could cost them a penalty of up to $500. This of course could threaten rewards4u’s entire system and they may have to close shop due to a massive legal bill.

    Then the question would remain how much liability falls on the client companies still using their rewards points. As rewards4u said, they are just looking for clients, not looking to raise funding. If rewards4u went out of business, their client companies might have to compensate all their customers for the reward points lost. Hence, they would pay double for the reward points.
    Thus, it is indeed an issue because we all know there are hungry contingency lawyers out there! I hope @rewards4u and @HopeHK understand that our conversation is not bashing rewards4u. It is indeed helping them by giving honest feedback.

    @madexcel thanks for supporting my point.

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  • seedbountyhunter14seedbountyhunter14 Rep This User!

    ChainBLX received a copy of an official ' patent certification of grant ' issued by the Australian Government to one of the founders. We have been asked to keep the content confidential. ChainBLX has no authority to speak about the scope of any patent, as such matter can only be determined by a court of law. If called upon Chainblx could testify that the patent based upon the patent title would apply to their methodology.

    We thank our community for the diligence and ask to understand that companies need to hold some information confidential for obvious reasons

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  • madexcelmadexcel Rep This User!

    @seedbountyhunter14 Thanks for the info, but why should we trust you? Accreditation should be peer reviewed!!! Why does chainBLX interfere?
    It's a slippery road, to do so!

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  • maxamusdecamusmaxamusdecamus Rep This User!
    a new claim has been added! it is claim # cla1559291554
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    claim has been flagged as You must have an old version of the white paper as this has been superseded as we only give $100.00 to businesses as a way of getting interest. Larger Businesses are invited to talk to us. The big difference as per other Tokens and this is that no ICO has taken place therefore there are no token holders that are speculators, only users of the system which are businesses and their customers. The customers are all accumulators and not speculators like all other tokens which is a huge difference. thanks


  • maxamusdecamusmaxamusdecamus Rep This User!
    a new claim has been added! it is claim # cla1559291759
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    claim has been flagged as You must have an old version of the white paper as this has been superseded as we only give $100.00 to businesses as a way of getting interest. Larger Businesses are invited to talk to us. The big difference as per other Tokens and this is that no ICO has taken place therefore there are no token holders that are speculators, only users of the system which are businesses and their customers. The customers are all accumulators and not speculators like all other tokens which is a huge difference. This is not about attracting speculators as has been the case with other Tokens, we only want Businesses and their Customers. thanks


  • maxamusdecamusmaxamusdecamus Rep This User!
    a new claim has been added! it is claim # cla1559291923
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    claim has been flagged as Thanks for the comment, however we suggest Tokenomics is basically irrelevant to what we are doing as we are not doing an ICO or trying to attract speculators. We suggest that most tokens have failed because the customers and businesses for what they were intended will never use them because of three main issues, complexity, cost and risk due to volatility. Hence none of them have actually got their tokenomics worked out as people do not use them for their intended purpose, hence why most are heading the way of the Tulip Bulb. This is a Rewards point and not really a true Crypto Currency as such it is a very different ecosystem, I hope that explains it. Thanks


  • maxamusdecamusmaxamusdecamus Rep This User!
    a new claim has been added! it is claim # cla1559292923
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    claim has been flagged as Thanks but we have a strong team and this is not an ICO and as such we are not trying to sell Tokens to speculators based on magical technology milestones which most don't reach and even if they do the customers don't use the system anyway and hence most crash in value. Rewards4Uâ„¢ is about Businesses using the System to attract new customers and repeat business. Sorry for not being clear as this is not an ICO or wanting speculators.


  • DNXDNX Rep This User!

    I think this whitepaper was intended to explain their concept only. Makes sense to me that companies would not want to disclose the inner-workings of a product that they spent years developing, unless it was to a potential investor. The company said this whitepaper was not intended to raise capital. So maybe they should call it a sales brochure and not a white paper. They are not trying to trick anybody.

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  • HARISIO185HARISIO185 Rep This User!

    CLAIM FOR THE REWARDS4U PAPER

    The document was compiled to discuss the features and benefits of the Rewards4u points programme (R4U).It is well
    structured in terms of the design and content.The scheme is suitable for retention of customers as examined by the
    hunter.It is locally and globally customer and business oriented.

    The comparison which is made between Rewards4u and traditional reward systems provides a demarcation in terms of the
    features and benefits of both programmes.However the benefits of the traditional reward programme are left out.There
    are more benefits which are mentioned for the R4U programme which depicts a poorer picture for the traditional programme
    which also have alot of benefits.Comparison is usually done on the bases of differences and similarities, thus it
    is important to include the benefits of the Traditional programmes.

    The programme is quite accessible to both clients as well as businesses.There are several mediums for acquisition
    and usage of the tools of the Rewards4u programme.It can be physical or electronic.

    Management can actually blend both traditional as well as the rewards4u benefits and strategies to enhance customer
    loyalty.The main issue is this may work for some businesses, they may have to apply both programs or leave out one.
    It is suitable for industries such as the retail business.

    There is need to work on the market value of the rewards.Businesses which offer valuable rewards to customers will tend
    to retain and build greater and long term relationships.It It will be important to review the content of page 4
    section 8 of the benefits of the rewards4u point programme.

    Rewards4u offers alot of advantages to the global shopper.This can assist clients who shop physically, online as ewell
    as abroad.The advantages of conversion into crytocurrency are not mentioned.

    Rewards4u is more customer oriented as stated in line 4 of page 6, the customer apparently gets more benefits from
    a transaction while businesses get more benefits in the traditional point system.There is a question on the level
    of profitability for businesses which apply the system.If it is quite customer oriented there is a question on the
    profitability as well as the role of the business in question which uses the programme.

    It is quite suitable for Ecosystem programs.However there is a question on how this system will contribute to the
    management and sustainability of Ecosystems.The Liason between the point system with management as well as the
    sustainability of the ecosystem, how applicable is Oracle corporation's using this programme to effectively run its scaleup
    Ecosystem programme.

    More businesses joining the Rewards4u Ecosystem especially in a global plan, what are the effects, the benefits of
    creating a point system for rewards to customers worldwide.How beneficial is this, will it benefit people from key cultures,
    key categories of customers, section 8 on incentivising new businesses.

    We agree to the assertion that this will enable most businesses to be sustainable, the question is how will this
    on customer loyalty, quality of services and many other variables? The author states that there is a plan to provide
    incentives to start ups to join the Ecosystem.It is quite beneficial for start ups, however the pros and cons must be formulated
    so as to enable the reader or organisations to identify loop holes which might emerge in the course of managing a rewards point system.

    Note that it will be funded only for a short time (Four weeks only) then the business will need to fund the loyalty
    programme.How will it affect their profitability, quality of service, competition and sustainability.

    Page 9 contains a representation of the businesses incentive calculator, quite suitable for accounting as well as
    financial management purposes.The reward percentage to customers must increase alongside turnover.There is need for
    management to create other strategies to pull funds in for the rewards incentive instead of capitalising on their regular turnover.

    How can businesses apply the rewards4u point system to grow their customer database is not clearly explained.Secondly
    what other benefits can customers or businesses gain from individual scenarios of application.There is need to identify
    other areas of applicability for this point system which might generate profits from clients of various businesses as well as
    for retention.Points mentioned on page 10 as reasons for loyalty are quite generic.How else will this system be applied by individual
    businesses to promote loyalty.The question is the magnitude of room for personal startegies to be aligned with the
    programme in order to enable more benefits for the client and the business.

    Page 11 asserts that most loyalty programmes for businesses apply the strategy of forced loyalty and not true loyalty.
    There is a question about the terms of usage and benefits of the rewards4u programme, is it static at all times or
    subject to change and applied as per business prescriptions?It will be necessary to explain and ascertain the reader that the terms of this program
    are stable in terms of the benefits claimed and the intervals at which points are redeemed.

    On page 12, it is mentioned on paragraph 5 that all businesses will give the same reward points to customers who
    use the rewards for the point system.There is a question of product value, will this affect the business because each
    product has its value, price as well as quality.If customers get the same points for each business, this may affect other
    businesses who offer products with greater value and who used loyalty programmes with a system which considers the
    value of the product, this is in terms of competition.
    Secondly by using the same reward points, this may affect the loaylty of customers who're probably loyal to a
    similar business.

    The reward point system is quite beneficial in that even after closure of a business, the points acquired are still
    valid.It will be important to align the benefits and applicability of the rewards4u program for all business services so as to enable them to sign up
    and to accept the points usage system.The management needs to device strategy for applicability and acceptance of the
    programme for each business.This is because some business do not accept the points, thus there is need to create
    appeal for each category of business so as to develope the client database.

    Despite the fact that this point system offers more stable advantages to the customer, there will be need to
    restructure the point system in the long run, many clients, growing database, increase in business registration for
    the programme will all create more challenges.There will be need to work on the benefits for the customers.

    How aligned is the point system with the tax system of other countries.This is especially important for businesses
    in operation in different countries.The programme is quite suitable for businesses as well as financial systems.
    It will be necessary to promote the rewards4u progamme accross local businesses as well as overseas.Details of how
    to access the programme benefits, details features, prices is not mentioned as well as contact details and the website.

    On page 29 there is an error on paragraph 2, the word 'spend' can be replaced with expenditure.

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  • Rewards4URewards4U Rep This User!

    Just a note about paying for points, Rewards4U™ is all about PAYING ONLY FOR SALES and the Rwds™ are merely part of the system which helps it to operate as they benefit both the Customer and the Business. It is what every business wants, which is - only paying for advertising or marketing when a sale has been made rather than paying for Advertising & Marketing and hoping for sales, which sometimes never eventuate.
    No business wants to pay for advertising or marketing or points, they only pay for any advertising in the expectation of getting sales. The Rewards4U™ system ensures Businesses only pay for Rwds™ points because they have made a sale - that is what the Rewards4U™ System is all about, which is what every Business wants - no sale = no cost - make a sale = replenish your Rwds™ Points, it is that simple.
    This is a WIN-WIN-WIN System, the customer WINS, the business WINS and if it gets the take-up we expect the Planet and the Environment WINS.

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  • Rewards4URewards4U Rep This User!

    Here is the latest version of the whitepaper, page 9 and 10 are about to be brought up to opening pages, I will upload that when competed. Thanks

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  • JacklmmmerJacklmmmer Rep This User!

    The new graphics really help. looking good

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  • Rewards4URewards4U Rep This User!

    Here is the latest update of the WhitePaper, thanks

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  • madexcelmadexcel Rep This User!
    a new claim has been added! it is claim # cla1559461147
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    claim has been flagged as It does say in or AFTER but thanks anyway.


  • madexcelmadexcel Rep This User!

    My past claim is relevant as investors/clients need to know a reliable time line. @rewards4u is there anything you can provide which even argumentatively could support that the company is in the alpha testing state (e.g. provide us with a token id. Which we could verify over any platform)

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  • CharlieBCharlieB Rep This User!

    This paper is very well put together and makes a compelling case for using the rewards4u product. But I'm not sure if this is really a whitepaper about the rewards4u company. I don't see a clear explanation as to how the company makes money or how much. There are no revenue forcasts that I can see.

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  • Rewards4URewards4U Rep This User!

    To CharlieB and madexcel.
    You are correct CharlieB there are no revenue forecasts as this is to explain the benefits to the Businesses and Customers that use the system, we are not looking for Investors or speculators as that would mean we are a security and we are a rewards point and definitely not a security. In my humble opinion the companies that mention things like making profits and revenue forecasts could be breaking the law as they are raising money without a prospectus or capital raising document which may be why the SEC states most of them are a security.
    As to madexcel - Alpha testing is a closed environment to ensure that our APP and technology is working without too many bugs, which is what we are doing. The Token has been registered and is the Rwds™ point or Token.
    Thanks guys

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  • SummerSummer Rep This User!

    The points may not be a security, but they do fluctuate in value set by a free market, if I understand correctly. So there is potential that the points could be a commodity that would be speculated on. I think this is probably what the company wants. So some sort of understanding how the finances work behind the scenes seems to be in order. Maybe the wp is not a direct solicitation in funds, but if businesses use the points they are basically buying into an ICO it seems.

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  • HopeHKHopeHK Rep This User!

    If the time comes that all tokenized products are deemed to be securities then every whitepaper of this nature should address that contingency. Even if not meant for investors,it would still affect the businesses who use the product.

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  • Rewards4URewards4U Rep This User!

    Summer, thanks for the comment, but sorry this is not an ICO and there will be no ICO nor is this capital raising or anything similar so we will not be releasing financial projections or anything resembling them, we do however mention our philanthropic endeavours, we therefore obviously think we will do quite well.

    Like any market, and the Futures and Forex market are good examples, they are designed for specific purposes but people still speculate and that cannot be stopped. Like any free market, it will find its value on each day and each minute and each second, yet there are no details as to the business, as it is a market and not a business. As an example can you please point me to the financials for the business behind the Futures market (Not the exchange) or even the financial projections for Bitcoin that were done before it launched? We only get an overall view as to how these markets work and that is all, and that is what we have done.

    As to the last point on businesses, the value of the Rwds™ point to the business, this is largely irrelevant - if a business needs to gift $1.00 to 100 customers in a week that is a total $100.00 as a reward that needs to be purchased and gifted. They will buy a different amount of Rwds™ each week, perhaps 1 at $100.00 or 100 at $1.00 or 10 at $10.00 - but still it is always $100.00 worth. Any increase in value is to benefit the customer which breeds loyalty.

    The points are designed to be used in the Rewards industry, but are in fact a sales and marketing tool for businesses to work as an incentive for customers and they are a SUCCESS FEE SALES/MARKETING TOOL. Or you could think of them as a NO SALE - NO FEE type of SALES/MARKETING system. Businesses only pay when a sale is made and that is what every business wants, who wants to pay for advertising and hope a customer buys.

    The more businesses that participate, the more Rwds™ will be used for their intended purpose and be taken out of circulation - Businesses buy them to gift to customers - customers accumulate the Rwds™ for personal use in the future. Neither of these participants are speculators or investors which is different to all ICO tokens as there are no real users and all owners are speculators in most cases. Rwds™ will be released to meet market demand, thereby allowing customers to sell their Rwds™ at market price if they desire, and for Businesses to sell their Rwds™ they get as redemptions should they choose to. This is keeping a free market working as per its intended purpose.

    As to the economics of the supply and demand - you can answer this question yourself - how many businesses in the world want a sales/marketing system that they only have to pay for when they make a sale? I would suggest all of them or at least most of them.

    As to how many customers in the world want a rewards point that they own and can use in any participating business, may increase in value, or be used as an international payment alternative, or be gifted to their friends and family, they hold in their possession and can be sent around the world in seconds? Again I would suggest all of them or at least most of them.

    From our understanding that means almost all businesses and every customer could want Rwds™ - please everybody do the math yourselves as we would be most interested in the results you come up with.

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  • BLXguruBLXguru Rep This User!

    @rewards4u congrats for the very well done wp. I can't help asking (and sorry because this is outside of peer review of the wp) but what do you say to the business owner who wants rewards points to be a way of burning excess perishable inventory, and do not want to allocate cash towards a rewards program?

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