Introduction
Voyager is a multinational Company that began in 1984. It was founded by Bill Becker, Aleen Stein, John Turell and Robert Stein. The company deals with contemporary films and a collection of video homes that are on Laserdisc. Loyalty programs are a way to attract and encourage customers to purchase products in various stores or business ventures. This is done by offering discounts and other rewards to clients after they buy an item. we need to know how it works before getting into the topic “About Voyager Loyalty Program”.
How Loyalty Program Works?
The Voyager Loyalty program works by rewarding customers who keep purchasing items at specific stores. The importance of the program is for companies to attract and to know what type of products to stock more. In addition, it makes stores stick to the most preferred way that customers like to be rewarded so that they keep improving it. The loyalty program helps to retain the most trusted clients and how they spend their money.
There are a number of ways in how Loyalty programs tend to work. The best-known strategy includes:
- Ultimate contacts to a range of sales
- Early access to emerging products
- Discounts to members only
- Improved services and free provision of items
- Free product shipping
Voyager Loyalty Program
It is usually an exciting thing when clients purchase products that they are aware of and that will help them earn discounts at the end of the day. The Voyager Loyalty Company has come up with amazing ways for customers to gain rewards and various benefits. The loyalty program has been revised and also, they have included a new form that is known as the Token Utility Model.
The new program has been promoted with the help of an entire community’s comments and feedback. This has enabled the Voyager loyalty program to include the necessary details that clients love and also, reduce or clear the ones that were not suitable for various customers. The Token utility model that has been introduced to the market comes along with the new Token swap economics.
The Token Swap Economics
The token swap is normally allocated to customers at an average period of time then the company closes its portal. Below is what token swap economics entails.
Voyager Token VGX
A ratio of 1:1
LGO Token to New VGX
A ratio of 6.5:1
The incentive for the first year’s earnings
Brings it to a total of 7%
The new rotating supply
They have two different holders of the supply.
- A VGX holder 222,295,208 token
- An LGO holder of 33,196,085.
Growth pool
This is done at different times of up to 8 years
1st year- 40MM tokens
2nd year- 20MM tokens
3rd year to the 8th year- 10MM tokens
The total max supply post that is estimated after a year is calculated through the formula- 295,491,293 token times the 7% reward earnings which sum up to 316,175,683.
The VGX Token Utility form
The company’s loyalty program has four main token utility rewards. Moreover, the program has eligibility for VGX quantity tiers of 500 adventurers, 5,000 explorers, and 20,000 navigators. The four token utility rewards are:
VGX Staking Rewards
After a year, the held voyager tokens are supposed to earn 7% earnings.
- Not eligible for a reward boost
- Conduct future vote rewards with communities.
- Earnings reward boost
- Maintains a 7% flat rate
- Three tiers will receive rewards boost on the selected crypto assets.
- Debit card fee
- Free debit card for devoted member tiers.
- Crypto back rewards
- Price improvement
- One time adventurer tier
- Two times tier explorer
- Three times tier navigator
- Desktop application
- Free access to the company’s desktop application.
- Refer a friend method
- $40 crypto reward on each referral
- $25 Bitcoin form for every referral
- Crypto withdrawal discount
- 30% savings on all customer withdrawal fees.
- Crypto back on debit card
- For every dollar spent, customers are supposed to receive cashback rewards.
Conclusion
Loyalty programs are a good way to create an incredible rapport between businesses and their customers. This helps the client feel valued and appreciated. Moreover, it attracts customers to keep coming back to shop for more products. Voyager has been able to invite customers through this method which has helped them improve their customer satisfaction survey. This has enabled them to keep coming up with suitable ways to make everything better.
Frequently Asked Questions
- Is there a special promotion at Voyager?
Yes, there are several promotions for the Voyager program members
- How does the Voyager token swap work?
The swap works in three ways: Voyager customers verified exchange partners and a web swap.
- How many reward tiers are in the Voyager Loyalty program?
There are three tiers which are explorer, adventurer, and navigator.
