LBank, a well-known crypto exchange, has joined forces with World Liberty Finance (WLFI), the platform at the back of the $USD1 stablecoin. The partnership takes into account the commencement of the landmark $USD1 Points Program. LBank’s social media announcement discloses that the initiative intends to enhance stablecoin engagement with the integration of a loyalty mechanism to reward crypto participation. Ultimately, the development indicates a new epoch of innovation by merging the conventional brand loyalty with DeFi.
LBank and WLFI Fortify Users with Exclusive $USD1 Points Program
LBank’s collaboration with World Liberty Finance launches the $USD1 Points Program across diverse exchanges to enhance stablecoin utility. The initiative focuses on providing the potential of the institutional-level incentives to the common crypto users. Additionally, this framework strengthens participants by letting them earn points via easy actions like staking, holding, or trading $USD1. WLFI considers this project rooted in its vision to reward the real growth drivers in the crypto sector.
At first, the project will be launched across popular exchanges, such as LBank, HTX, KuCoin, MEXC, Gate.io, and Bitget. Each of the collaborators will define particular rules dealing with point accrual, enabling several avenues for consumers to earn. Adding to this, WLFI also asserted that the methods for point calculations will vary from platform to platform. In this respect, the project seeks to fill the gap between user incentives and stablecoin utility.
Recognizing Users to Bolster Stablecoin Engagement
According to LBank, the respective loyalty model attempts to boost user engagement with $USD1. Additionally, by offering incentives to the consumers, it sets an exclusive standard for widely used utility tokens. Overall, this marks the start of the “World Liberty Financial season,” as WLFI noted in its statement. Specifically, this season will reportedly deal with user recognition in a contribution to the broader stablecoin evolution.
