Base Reward Token is an ecosystem creating a digital one-stop-shop marketplace on the blockchain ecosystem. Base Reward Token believes that blockchain has altered the way users interact with financial entities. According to the whitepaper, the driving idea behind Base Reward Token is to create a combination of cryptocurrencies, blockchain technologies, and businesses. This combination is designed to incentivize users to participate in network activities.
In the financial systems that exist today, direct contacts between the producers and end-users do not occur frequently. The growth of an organization does not necessarily attribute its success to the loyalty of its customers. For this reason, users are not directly incentivized from the positive yields generated by a company. Base Reward Token aims to address this issue of customer loyalty and proposes to incentivize network users for every transaction on the platform. As per the whitepaper, Base Reward Token believes in distributing all platform profits with its users.
The Base Reward Ecosystem provides a number of services to its customers, including the Base Reward Wallet. Using this multi-chain digital wallet, users can obtain loyalty rewards, exchange digital currencies, and use the integrated DApps of the Base Reward network. The ecosystem of Base Reward further assists in e-commerce services virtual crypto-cards and has plans to enter the mobile gaming industry.
BRT is the native token of the Base Reward Token platform. The token is used to incentivize token holders and maintain the value of the token. BRT puts in effect a Proof-of-Stake (PoS) mechanism to generate incentives for users. Staking BRT tokens in the network liquidity helps to introduce more tokens into circulation. BRT is also the governance token of the Base Reward platform.
