Introducing Loyfin Points
Published
Today we are introducing Loyfin Points, a participation system that rewards the brands and customers generating real activity through Loyfin.
Points are earned from completed onchain issuances for which the protocol collects a fee. This gives us a clear basis for incentives: reward usage that creates loyalty value, not page views, referrals without activity, or balances imported from somewhere else.
Incentivizing real usage
Loyfin becomes more useful as more brands issue loyalty value and more customers hold it. Points help bootstrap both sides of that ecosystem. For every successfully indexed issuance, the issuer receives 1 Point and the customer receiving the loyalty tokens receives 10 Points.
An API request, wallet signature, or submitted transaction is not enough. Points are awarded only after the canonical issuance receipt is indexed. If that receipt is removed in a chain reorganization, its Points are reversed. Redemptions do not generate bonus Points; they only restore the amount burned when a customer adds official Loyfin Points back from their wallet.
Using our own product
Loyfin Points also give us a live loyalty program to run on Loyfin. A customer can keep Points as an offchain balance in the Loyfin wallet sidebar or choose Add to wallet to tokenize them 1:1. One offchain Point becomes one unit of Loyfin Loyalty Points, with the symbol LOYFIN-POINTS, on Robinhood Chain.
The tokenized balance uses the same ERC-1155 infrastructure available to brand programs. It is held in the customer's wallet, uses whole non-expiring units, and can be transferred to another wallet. The customer authorizes the conversion and submits the transaction, paying the live native protocol fee and network gas without a token approval.
Showing the complete conversion loop
Tokenization is only useful if value can move in both directions. Add to wallet reserves the selected offchain Points before the tokenized balance is issued. Add from wallet burns the selected LOYFIN-POINTS balance and restores the same number of offchain Points after the canonical redemption receipt is indexed.
This is the same operating model Loyfin provides to brands: the existing loyalty ledger remains the source of the customer's offchain balance, while the wallet holds the tokenized representation. Indexed issuance and redemption receipts reconcile movement between the two. Running the loop ourselves gives brands and customers a working example rather than a diagram of a future integration.
A record of participation, not a token promise
Loyfin Points are not a protocol token, do not represent equity or ownership in Loyfin, and do not promise that a protocol token will be created. We have not committed to a token launch, conversion rate, snapshot, eligibility formula, or allocation.
If Loyfin ever launches a protocol token, verified participation recorded through Loyfin Points may be considered as one input when deciding how to recognize brands, customers, and other participants. Any such decision would be made later under separately published rules and applicable requirements. Earning, holding, transferring, or tokenizing Loyfin Points guarantees no future token or reward.
Available now
Connected wallets can see their Points balance in the Loyfin wallet sidebar. Brands earn 1 Point and customers earn 10 Points from each completed issuance. Customers can then tokenize available Points, transfer the resulting LOYFIN-POINTS balance, or add it back from their wallet 1:1.