How does this rewards system work?
The LEN24 Loop Coin model is a complete circular ecosystem. Only businesses aligned with its core sustainable objectives will be able to enter the looping supply chain. These businesses will also receive a dedicated e-commerce page on LEN24 Marketplace as well as a profile on the Loop Coin app. The Loop Coin app is the rewards system for participation within the loop, essentially rewarding conscious consumers for their contribution towards our vision. The app also allows consumers to redeem their coin (LEN), by purchasing goods and services at the business’s (Looper’s) physical store or e-commerce page on LEN24 Marketplace.
How does a sustainable business join the LEN24 Loop?
If a business is aligned with the sustainable objectives of LEN24 Loop, the business is welcome to apply to join the LEN24 Circular Economy. Only upon evaluation and successful application, will the business will form part of the loop model.
How does someone join Loop Coin?
Simply download the Loop Coin app and ensure that you successfully complete the registration process.
Does the Loop Coin app need to be downloaded to earn rewards?
Yes, your LEN can only be accessed via the Loop Coin app. It also allows you to transact between other users as well as redeem your coin at participating businesses within the LEN24 Loop.
Who is eligible to earn rewards?
The rewards are available to any consumer that supports the LEN24 Loop, provided that they have a Loop Coin profile.
What is the benefit of using the app?
Participating within the Loop Coin rewards program comes at no additional cost and effort to you. We are simply rewarding you for your initiative and taking responsibility for saving our planet. Your LEN can be used to pay for any goods or services offered by a Looper, rendering it a win- win all round.The app also allows you to easily find participating businesses aligned with your values of saving our planet.
How can I start collecting coins?
The sooner you have an active Loop Coin profile and begin supporting businesses within the LEN24 Loop, you will begin to earn and accumulate coins for various promotions that take place within the overall LEN24 Loop.Additional rewards can be earned for additional conscious behaviour, for example collecting recycling or bringing your own cup when purchasing a cup of coffee at participating businesses.
How can I redeem my rewards?
By using the app, you are able to manage your LEN and use it to easily purchase goods or services at participating businesses.
What is the difference between Loop Coin and LEN?
Loop Coin is the name of the rewards system/app whereas LEN is used to refer to the ‘currency’ of the reward coins used with within the app.
Can I transfer LEN to another user?
Yes, there are multiple ways to transfer LEN between users such as, sending to a Phone number, scanning a QR Code or accepting and Incoming Invoice.
Are there costs involved with having a Loop Coin profile?
No, there are no associated costs involved.
Can my customers use the Loop Coin app to purchase goods or services on LEN24 Marketplace?
Yes, Loop Coin is fully integrated with LEN24 Marketplace and serves as an additional payment gateway.
