Contribute and Collect Points from Your Favorite Projects
From a simple coffee shop punch card to complexly designed mileage systems, we’ve long immersed ourselves in the culture of loyalty programs, knowingly and unknowingly. Whether it’s that cup of free coffee or simply the urge to collect all the perks and rewards, successful loyalty programs are proven as an effective and engaging method for both brands and users.
That remains true for Web3. In fact, on-chain loyalty programs would have even more significant implications and utilities due to crypto’s open-source nature and the powerful role community plays in Web3.
But a successful loyalty program doesn’t just happen overnight, especially if it’s on chain. While many projects use token airdrops to reward early supporters, the approach is limited. Users could feel disappointed and unfair if the amount doesn’t meet their expectations, and projects, on the other hand, don’t get to retain those users who only came for the airdrops.
Simply put, Web3 is in need of an ecosystem of tools and applications to build better loyalty programs.
Introducing Galxe Loyalty Point System
Galxe has been building a plug-and-play solution for all Web3 projects to engage with their communities by giving out a variety of rewards: digital collectibles such as Galxe OATs (On-chain Achievement Tokens) and NFTs, Discord Roles, ERC-20 tokens… just to name a few.
On top of all the rewards, projects can now issue Loyalty Points to you for your contribution! As a Web3 user, you could participate in Campaigns on Galxe, get rewarded, and collect Loyalty Points from your favorite projects.
Every Galxe Space is going to have a Leaderboard feature where you can check your points and overall ranking. With more points, you may gain access to exclusive benefits such as private Discord channels, exclusive merchandise, and other potential rewards from the projects you contribute to.
A truly revolutionizing feature of Galxe Loyalty Points is weighted voting on Snapshot.org. Projects can grant voting power to their top contributors by seamlessly plugging in Loyalty Points as an alternative to ERC-20 tokens. This is a game changer for projects without native tokens and brings decentralized decision-making to the next level.
By contributing more and collecting more points in one Galxe Space, your status also elevates accordingly. In the beginning your card image displays a “commoner” icon, which will upgrade into these awesome looking “knight” and “king” figures if you make it to the top 100 and even top 10 of the Leaderboard!
Building On-Chain Loyalty Program with Galxe
For Web3 projects, it’s fairly simple to build a customized on-chain loyalty program with Galxe Loyalty Point System.
Here’s a TLDR if you’re new to Galxe: our platform has all the essential tools that community managers would need to launch engaging quest-based Campaigns. It’s a code-free solution to distribute rewards of your choice to participants who complete on and off-chain tasks.
That being said, rewarding your community with Loyalty Points is just as effortless. When launching a Campaign, community managers can issue a certain amount of Loyalty Points as the reward alone, or as an additional perk on top of rewards such as Galxe OATs, NFTs, etc.
Not only is a detailed report available with analytics and insights on your most loyal community members, you will also be able to further interact with these contributors and award them for their hard work!
Launching with SPACE ID Protocol
Earlier this week, Galxe’s long-term partner SPACE ID launched their governance token, the ID token! SPACE ID is a decentralized identity platform and hub for Web3 domains including .eth, .bnb, and .arb.
And what’s even more exciting is that SPACE ID will be utilizing Galxe Loyalty Points for their second wave of ID token airdrop!
By participating in SPACE ID Voyage Season 2 and their Referral Program, you will receive Voyage Boxes of three tiers: Uncommon, Rare, and Legendary, which contain a randomized amount of Loyalty Points. The more Loyalty Points you collect, the more ID tokens you’re likely to receive from the airdrop.
If you’re as excited as we are about Galxe’s revolutionizing Loyalty Point System and SPACE ID’s token airdrop, join us at this Twitter Space with Galxe’s co-founder Harry and Arton, Head of Community from SPACE ID!
About Galxe
Galxe is the leading platform for building web3 community. With over 30 million users, Galxe has propelled the growth of Optimism, Polygon, Arbitrum, and more than 1800 partners with reward-based loyalty programs. Start your campaign today at galxe.com!
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