QX develops a Web3 loyalty platform that utilizes decentralized consumer identity and tokenized rewards to enhance brand engagement while ensuring data privacy. This system addresses consumer mistrust in data handling by allowing users to control their personal information and earn shareable rewards without compromising their privacy.
Funding
$50K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Brands struggle to maintain customer loyalty in an era of increasing data breaches and consumer mistrust. Traditional loyalty programs often fail to provide personalized experiences or give consumers control over their personal data, leading to decreased engagement.
Solution
QX offers a Web3 loyalty platform that combines decentralized consumer identity with tokenized rewards to enhance brand engagement while ensuring data privacy. The platform empowers consumers with self-sovereign identity (SSI) based on Ethereum, allowing them to control their personal data and decide what they share with retailers. In return, consumers earn QX reward tokens, which are shareable, exchangeable, and stakeable, and can be used for NFT collaborations or other events. The platform integrates with existing systems through OpenAPI and operates on the Polygon network for rapid and cost-effective transactions.
Target Audience
The primary target audience includes product brands, retailers, and shopping centers looking to enhance customer loyalty, increase engagement, and future-proof their brand by transitioning to Web3 technologies.
Features
- Decentralized customer experience as a private-labeled dApp
- Token management reward system powered by OpenAPI on the Polygon blockchain
- Self-Sovereign Identity (SSI) for consumers to control and protect their personal data
- QX token rewards that can be exchanged for goods and services
- OpenAPI for seamless integration with existing brand systems
- Web3 QR menu for restaurants to enable rewards for purchases and visits
- Customer experience dApp for shopping centers and retail chains
- P2P fashion shopping dApp with token cashback