NFT-Based Deals

Merchants often issue discounts on high-margin items to bring in more customers. They also offer rewards to garner repeat business. CornerMarket believes tokenization is the key to unlocking the next stage of growth for the deal and loyalty program industry. Through the power of blockchain technology, CornerMarket is revolutionizing how coupons are issued, managed, and redeemed.

CornerMarket offers a suite for creating NFT-based offers that provide transparent and verifiable proof of ownership as well as transferability between users. Merchants can leverage NFT offers for targeted promotions and loyalty programs. For customers, NFT offers mean coupons become an owned digital asset rather than a discarded piece of paper, allowing additional utility.

With CornerMarket, merchants can post unique marketing campaigns through NFTs such as offers, giveaways, exclusive access, and more, incentivizing customers to shop. Consumers can find nearby stores on the CornerMarket app, make payments and lock-in any available discounts immediately.

Tokenizing coupons on the blockchain offers numerous benefits to both merchants and consumers:

•Trustless and transparent: All transactions on CornerMarket are peer-to-peer, meaning no central authority will hold user funds or mediate transactions. Smart contracts ensure all deals are resolved fairly and transparently. Users will also have more control and ownership over their data.

•100% refunds for unused offers: Payments for coupons are held in smart contracts, only transferring to merchants once offers are fully redeemed. Until an offer is redeemed, the user can request and automatically receive a refund of their token payment, executed by the smart contract.

•Customized expiration dates: Each offer publisher can specify when discounts expire by setting individual expiration dates for each offer.

•Transparency and security: The blockchain allows the issuance and redemption of offers to be transparent and verifiable, preventing fraud.

•Trustless and transparent: All transactions on CornerMarket are peer-to-peer, meaning no central authority will hold user funds or mediate transactions. This gives users more control and ownership over their money and data.

•Add utility: NFT coupons provide consumers and merchants with secure, transparent savings on purchases and transactions, creating value and digital scarcity for real-world items. Knowing how many digital vouchers are purchased also gives the small business the ability to estimate the need to stock various products in their stores.

CornerMarket transforms traditional coupons into dynamic digital assets that can be easily managed, transferred, and redeemed - all while providing merchants with greater security and insights. This represents a major step towards realizing the full potential of blockchain technology to optimize customer loyalty, streamline operations and drive value for businesses.