Frequently Asked Questions
What’s the difference between STK and SCT?
SuiteToken (STK) are the Tokens realized for the project. They can be utilized to obtain discounts at retailers and at our online catalog. They are going to be present in soma exchanges and they’ll let you get SuiteCredits (SCT). Suitecredits (SCT) are credits that are distributed by retailers and they’re going to allow the conversion in prizes or services. SCTs have an established value and it’s not going to be possible to convert them on exchanges.
Can I obtain STKs or SCTs for free?
STKs are released exclusively during ICO phases and it’ll be possible to get them subsequently only by buying them on an authorized exchange. The SCTs can be obtained free in various ways: - Keeping our own STKs in the Wallet of the platform. Starting from the closure of the first results, you can take advantage of a monthly airdrop that will distribute SCT for free to use at all stores or on the platform. - Taking part at the numerous initiatives organized by Suite. - Utilizing the specific applications present in the app.
Why have two different tokens been made?
This system was developed analyzing the requests and the feedback of more than 80.000 between people and retailers. It’s worth noting that every Token has a well defined role inside the utilization process. The SCT Token, used for the distribution and utilization of loyalty points , lets the project be easy to use by all the people that use it usually in normal loyalty points collections. Also for those that don’t know the cryptocurrency market. The STK Token is going to be used exclusively by the investors and the owners, accompanied by SCTs or to get reserved benefits.
How does the monthly Airdrop work?
Starting from the closure of the first company data we will provide monthly to reward the loyalty of Token possessors by doing a Credits Airdrop. This distribution will be proportioned to our company data, the bigger the positivity of the data and the more the Credits will be distributed free. Every possessor of Tokens will receive credits in proportion to the owned quantity in the platform’s Wallet The credits obtained are usable everywhere in the Suite network or on the platform.
How does the SCTs distributions happens at the retailers?
Every retailer that makes a loyalty points traditional collection has today a fixed price for the emission of well and goods in the moment of point redemption from the client. The Suite system, to not increment these costs even more, expects the sale of to-deliver Credits packages , that will become of property of the establishment; which will be able to release an arbitrary quantity of Credits desired for the required service. Any obligation on the Credits release with a predetermined value is not expected , to let every retailer to be fully autonomous about the decision. Meanwhile would you decide to not further distribute credits, the cashback of all or part of the owned credits can be requested. In the moment the service will be redeemed using the Credits, these will go back to the retailer; Who will decide if re-utilize them and re-insert them in the market or ask for liquid assets. This way, the commercial establishment will utilize the Suite loyalty point collection without aggravating the issue cost of the service. It’s possible to buy more to-distribute Credits package any time. Every retailer will be able to decide if have a private loyalty point collection, letting clients to accumulate and utilize the points only at the same retailer, or enter the global network and accept loyalty points from any establishment that compose it.
What services will Suite provide to customers?
Thanks to the agreements with the various companies, the services to be used by redeeming loyalty points are innumerable. Our idea is to make all the loyalty points that until today are used for low-level awards, or that remain unused in the collection forms, useful. It will be possible to use loyalty points for home rent, for medical services, for insurance, for the largest gift cards available on the market and for dozens of services really useful to customers. Moreover, thanks to the agreement with many projects in the Crypto area, it will be possible to use loyalty points to convert them to all the real services in which the use of a cryptocurrency is required.
What services will the Suite make available to merchants?
For merchants, Suite reserves many services dedicated to them. It will also be possible for the latter to take advantage of real services useful for their activity; such as the purchase of goods, insurance and much more. For the exercises involved, it will also be possible to accept cryptocurrencies. Using the app will be provided the opportunity for free advertising. It is possible to request a reserved session for free to advertise to all subscribers promotions and news that will take place at their own practice.
What’s the impact that Suite will have on the markets?
We believe that the project will have a remarkable impact in the global market, and that some of the benefits can be summarized as follow: The client will have more purchasing power since he will transform his own points, collected carrying out various daily activities, in useful and smart services. The retailer will be able to provide to his client an unprecedented loyalty point collection , but without giving up to the services that he was distributing up until that point. The goods and services providing company will have more market requests due to the achieving the required points to demand the services in a shorter time. The cryptocurrency market is going to become transparent on the real market by introducing all the dedicated services and by permitting the people to know the benefits by utilizing cryptocurrencies in services.
What are the differences with the other competitors?
In the fidelity card market, competitors are very present. But the corporate and procedural structure of Suite makes the project unique and stable. Some companies in the cryptocurrency sector have introduced a proprietary token for loyalty point management, making the process virtually useless for 95% of people. Furthermore, being the market very variable, the commercial establishment is not guaranteed to recoup the money spent in the purchase. Suite, with its project, solves all these problems ensuring a stable and usable market for 100% of people.