WyreBitcoin launched its own cryptocurrency WyreBitcoin Coin (WyBTC) in September 2021 with the goal of establishing a long-term beneficial economic ecosystem to be used by its customers. The token is based on Ethereum’s ERC-20 standard.
In its essence, WyreBitcoin Coin (WyBTC) is a Loyalty Program: the customers of the WyreBitcoin exchange are rewarded with the coins for the use of the platform, and, in turn, holding these coins offers them a number of advantages when using the WyreBitcoin platform.
Such as listing your own ICO, or listing your cryptocurrency in our wallet, or sharing services on our social networks. However, unlike a traditional loyalty program, the use of a cryptocurrency offers a range of unprecedented improvements, such as the ability for customers to transfer the loyalty tokens between each other, or trade them on an open market, creating an ecosystem that is an order of magnitude more democratic and user-oriented than any traditional loyalty economy.
This positive dynamic, which offers the more benefit the longer a customer uses the WyreBitcoin platform, differentiates the exchange from its competitors and ensure a long-term business-client relationship that is advantageous to both parties.
