The qiibee Token (QBX)


Utilities for Loyalty Programs
The loyalty programs tokenizing their loyalty currencies on the qiibee blockchain are the back-bone of our loyalty ecosystem. To access our ecosystem and trigger transactions on the qiibee blockchain, developers need QBX for following transactions:
- Issue a new loyalty token
- Trigger earn, spend and exchange transactions
- Enable customers to exchange loyalty tokens to QBX
Utilities for Customers
With the QBX customers will be able to access loyalty tokens and exclusive rewards. Additionally everyone holding their QBX on the qiibee wallet gets rewarded weekly with more QBX.
- Exchange QBX in loyalty tokens to boost your loyalty balance
- Swap QBX to limited NFT’s of the brands in our ecosystem
- Stake QBX on the qiibee wallet to access more QBX rewards


Utilities for Ecosystem Nodes
In future selected ecosystem nodes will be the governing arm of the qiibee ecosystem, the qiibee blockchain and the QBX. By staking a certain amount of QBX, selected entities have the opportunity to become an ecosystem node on the qiibee blockchain. These entities will be rewarded with the QBX adopted by the developers to create new loyalty tokens and trigger transactions. Besides validating transactions on the qiibee blockchain, ecosystem nodes vote on following topics:
- The addition of a new loyalty token and NFT’s in the ecosystem
- Amount of QBX needed for developers to create new loyalty tokens / NFT’s and to trigger transactions
- Deploying smart contracts
- The creation of new technical developments
- QBX distribution between Ecosystem Node Reward Pool and Customer Reward Pool (staking rewards for customers)
- Addition of new Ecosystem Nodes