The program focuses on the use of a mobile app; by using it, students can actually earn $5 worth of ether for every 10 purchases they make.
The University of New South Wales in Australia is offering outstanding rewards, like Ether to its students. It’s a special program, that gives the chance to students to purchase anything they like at campus outlets by using Ether; the cryptocurrency of the Ethereum network. Actually this new program is still on a trial period and it aims to disrupt the usual loyalty programs.
How the Program Works
This program was launched for the first time in October 2017. It focuses on the use of a mobile app; by using it, students can actually earn $5 worth of ether for every 10 purchases they make by using this special app. This is actually a unify rewards blockchain project, that is used for the first time. As it appears, it seems like a excellent idea and more people are interested in it every day. In fact, 12 campus retailers own this program, where students can make their purchases, which double as a digital wallet.
Access to Ethereum Network
By using this reward program, the students can have the option to enter the Ethereum network, which is a cryptocurrency network. They can actually use this network, but without having to make any investment.
The scheduled program is going to run until the 20th of November. In this program only 500 students took part, who singed on a particular websit for the Unify Rewards. The trial period is not going to last long and during this time students have the right to sell their ether or they can spend it on gift cards or they can hold it to see if its value will increase in the future. After the 20th of November, the participants will also have the right to transfer their earnings of ether in their personal wallets. According to reliable sources, ether has traded as low as $288 to $348. By using this program, students have to chance to see how cryptocurrency works and see how they can use it and if they can gain more money out of it.
Other Universities in the country are ready to conduct similar trial programs.