LUYULEX - The Loyalty Exchange
LUYULEX will be an integral part of the NE Play Ecosystem, to unify the entire gaming ecosystem. Through strategic partnerships, the platform will facilitate the use of loyalty points collected by users on multiple gaming sites. It will focus on converting gaming loyalty points into NE Play Coins, providing users with new opportunities to invest, trade, and earn rewards.
Key Features
Easy Integration for Gaming Operators
LUYULEX will enable various gaming operator sites to convert their in-house loyalty points to NE Play Coins through a simple API integration. Each operator can set the value for their loyalty points about NE Play Coins, making the process more effective and straightforward.
Unified Conversion Process
LUYULEX will work with third-party gaming operators that offer loyalty points as rewards. Users can transfer their third-party loyalty points to LUYULEX, which will then redeem these points for cash value with the gaming partners. LUYULEX will use the cash to purchase NE Play Coins at the floor price, and then send these NE Play Coins to the end user.
Attracting New Launches
The projected transferable value to LUYULEX will attract companies to launch their new tokens, meme coins, and NFTs on the platform. In regions like Africa alone, yearly online sports prediction and casino gross gaming revenue (GGR) is around $4 billion. Operators typically offer an average of 15% bonuses to their users, which amounts to approximately $500 million. If only 10% of this bonus money is given in the form of loyalty points, that would be $50 million. Should only 10% of these users transfer their loyalty points to LUYULEX for trading, this could amount to a yearly transferable value of $5 million. Extending this model to regions like the Indian subcontinent, LATAM, and Asia markets, the potential value could surpass $50 million annually. Including the US and European markets, the value transferable to LUYULEX could add up to another $100 million.
Flexible Spending Options
Users will have multiple options for spending their NE Play Coins. They can use them on LUYULEX or other NE Play Ecosystem entities, with third-party partner companies, or trade them on the secondary market. Inside the NE Play Ecosystem, users will be able to spend their NE Play Coins on tokens, crypto, meme coins, NFTs, and games without withdrawal restrictions.
Investment and Earning Opportunities
Users will be able to use their NE Play Coins on LUYULEX to invest and potentially earn significant returns. They can buy new tokens, meme coins, and NFTs, and take advantage of other game promotions.
Loyalty Bonus
LUYULEX will offer a 15% loyalty bonus to further reward and incentivise users. This means that for every set amount of NE Play Coins earned or spent within the ecosystem, users will receive an additional 15% in bonus NE Play Coins. This bonus structure is designed to enhance user engagement and encourage continuous participation by providing tangible benefits for loyalty and activity within the platform.
Withdrawal Policy
Users will be able to withdraw their NE Play Coins once a month, with a minimum withdrawal amount of $5. This policy will encourage users to spend their NE Play Coins within the ecosystem if they donβt reach the withdrawal threshold or have exhausted their monthly withdrawals.
LUYULEX, as a unified platform for loyalty points redemption, will empower gaming operators to convert their loyalty points into NE Play Coins, providing their users with new investment and earning opportunities. By simplifying the integration process for operators and offering a variety of ways for users to utilise their NE Play Coins, LUYULEX will foster active engagement within the NE Play Ecosystem. With significant untapped monetary value in global markets, LUYULEX will become a central hub for loyalty exchange and investment in the gaming and crypto space. Users will have the flexibility to spend their NE Play Coins on new tokens, meme coins, NFTs, and more, making LUYULEX an attractive platform for both users and gaming operators.
Last updated