Docs/Reference/Lifecycle

Lifecycle

The reward paths Loyfin coordinates: program creation, issuance, customer transfers, redemption, and updates.

Five paths#

Loyfin separates program identity, reward creation, movement, redemption, and updates.

01

First issue

The first valid issuance can create the Loyalty Token and initial customer balance.

02

Issue

A brand-signed issuance tokenizes selected loyalty value into a customer balance in the selected expiry bucket.

03

Transfer

Customers can move balances when transfers are open and the reward bucket is still live.

04

Redeem

A brand-signed redemption burns the exact tokenized amount from the customer balance.

Status model#

Signed operations stored through the public coordination API begin as pending, shown in product surfaces as Created. Completed chain events are indexed as mined and shown as Completed.