Question 1

What's the Current Price of LoyalCoin (LYL)?

Accepted Answer

The current price of LoyalCoin (LYL) is £ 0.00020616, with a 24hr change of +0.00%.

Question 2

What is LoyalCoin (LYL)?

Accepted Answer

LoyalCoin (LYL) is a cryptocurrency developed to redefine customer loyalty programs. It helps businesses create a more flexible, interactive, and appealing loyalty program for their customers. The idea is to reward customers not just with points to spend within a single brand, but instead with LoyalCoin, which can be used across any participating brand or exchanged for other digital assets.

Question 3

Who Created LoyalCoin?

Accepted Answer

LoyalCoin was developed by Appsolutely, a Philippines-based company that specializes in developing customer loyalty apps. The purpose was to improve the customer experience and to make loyalty rewards more versatile and attractive to modern consumers.

Question 4

How Does LoyalCoin Work?

Accepted Answer

LoyalCoin works by providing a blockchain-based loyalty system that creates a more transparent, flexible, and interactive experience for the consumer. When consumers buy from participating merchants, they earn LoyalCoin instead of traditional loyalty points. These coins are then stored in a virtual wallet and can be exchanged for discounts, deals, and other rewards with any participating merchant. This removes the restrictions of traditional loyalty programs that usually limit the consumer to using their points at one specific brand.

Question 5

What Makes LoyalCoin Unique?

Accepted Answer

The uniqueness of LoyalCoin comes from its ability to disrupt the traditional loyalty reward market by replacing the limited reward system with a much more interactive and versatile one. By using LoyalCoin, consumers can take advantage of numerous offers from various merchants rather than being tied to just one. Also, merchants can join the network to attract a larger range of customers, providing a win-win situation for all parties involved.

Question 6

In Terms of Trading Volume, How Does LoyalCoin Measure Up?

Accepted Answer

Over the past 24 hours, LoyalCoin has a trading volume of . Its market capitalization is £ 1.1M, putting it in the #1 place among all cryptocurrencies.

Question 7

How Can You Get LoyalCoin?

Accepted Answer

You can obtain LoyalCoin (LYL) by purchasing it on any of the Probit, Cryptopia that currently list it. Also, participating in the loyalty program of associated businesses allows you to earn LoyalCoins.

Question 8

How can You Keep Your LoyalCoin Safe?

Accepted Answer

Keeping your LoyalCoin safe is like keeping any other cryptocurrency safe. Make sure you have a secure digital wallet and never share your private keys with anyone. Always double-check the authenticity of exchanges and follow safe online practices.

Question 9

Is There Any Limit On The Number Of LoyalCoins?

Accepted Answer

The total supply of LoyalCoin is unknown at present. However, the circulating supply is 5.4B.

Question 10

What's Behind LoyalCoin's Blockchain Technology?

Accepted Answer

LoyalCoin operates on the NEM blockchain, a technology known for being secure and scalable. This makes LoyalCoin's transaction processing fast and secure.

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