<p>&nbsp;</p> <p><span data-contrast="none">The PointSwap token exchange announced a partnership with one-stop </span><span data-contrast="none">E-commerce and OMO </span><span data-contrast="none">(online-merge-offline) SaaS retail solution giant </span><a href="https://www.91app.com/?lang=en"><span data-contrast="none">91APP</span></a><span data-contrast="none"> during the Token 2049 event. PointSwap will build the largest Web3 loyalty points exchange program with its partners. As the strategic Web2 partner of PointSwap, 91APP is the leading omni-channel retail solutions provider in Taiwan, Hong Kong, and Malaysia. Its platform boasts consumer brands such as Philips, 3M, Timberland, The North Face, and MAKE UP FOR EVER. As the strategic Web3 partner of PointSwap, </span><a href="https://www.thundercore.com/"><span data-contrast="none">ThunderCore</span></a><span data-contrast="none"> will offer its expertise in core blockchain technology.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:276}"> </span></p> <p aria-level="3"><strong>What is PointSwap</strong><span data-ccp-props="{&quot;134245418&quot;:false,&quot;134245529&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:320,&quot;335559739&quot;:80,&quot;335559740&quot;:297}"> </span></p> <p><span data-contrast="auto">PointSwap is building a trustless protocol and mobile app that enable loyalty points to be freely traded on-chain and redeemed off-chain, said Cheryl Chueh, CEO of PointSwap. Consumers can painlessly manage their assets in loyalty points programs with a familiar </span><span data-contrast="none">E-commerce </span><span data-contrast="auto">platform interface. By empowering Web2 loyalty points programs with Web3 ownership concepts, brands can incentivize existing customers to return and attract new customers, increasing the customer lifetime value (LTV) and decreasing the customer acquisition cost (CAC).</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:276}"> </span></p> <p aria-level="3"><strong>Bringing DeFi to Loyalty Point Programs and E-commerce </strong></p> <p><span data-contrast="auto">Many projects have tried to build technological solutions to the loyalty points exchange problem. One stumbling block is the difficulty of negotiating the exchange rate among different programs and brands. It’s almost impossible to have all brands agree on a fair rate of exchange and keep that updated with market conditions. With the automatic market maker mechanism frequently used in DeFi, supply and demand will automatically determine the relative prices of the participants. What was difficult in Web2 could be solved using Web3 technologies.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:276}"> </span></p> <p aria-level="3"><strong>Be The Consumer Portal To Web3 Commerce And Crypto Off-Ramp </strong></p> <p><span data-contrast="auto">People’s daily consumption is the foundation of the economy. PointSwap’s strategy is to be the Web2.5 portal that leads consumers to Web3 commerce, said Cheryl. </span><span data-contrast="none">By allowing cryptocurrencies to be converted into loyalty points, PointSwap will act as a crypto off-ramp with real-world utility. </span><span data-contrast="auto">The platform will further optimize the Web2 user experience to maximize user adoption of Web3 technologies, then implement foundational concepts like AMM, DeFi, and DID in consumers’ daily lives and roll them out step-by-step. PointSwap calls on all interested brands to join the platform and revolutionize Web3 commerce together.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:276}"> </span></p> <p aria-level="3"> </p> <p aria-level="3"><span data-contrast="none">About </span><a href="https://www.pointswap.cc/"><span data-contrast="none">PointSwap</span></a><span data-ccp-props="{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:320,&quot;335559739&quot;:80,&quot;335559740&quot;:276}"> </span></p> <p><span data-contrast="auto">PointSwap is a Web3 loyalty point exchange leveraging DeFi technology (AMM) to solve the pricing problem of loyalty points. PointSwap will launch its product by the end of 2022. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:276}"> </span></p> <p aria-level="3"><span data-contrast="none">About </span><a href="https://www.91app.com/?lang=en"><span data-contrast="none">91APP</span></a><span data-ccp-props="{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:320,&quot;335559739&quot;:80,&quot;335559740&quot;:276}"> </span></p> <p><span data-contrast="auto">91APP, Inc. (Stock code: 6741.TWO) is the first OMO (online-merge-offline) SaaS company to provide one-stop omni-channel retail solutions, operating in Taiwan, Hong Kong, and Malaysia. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:276}"> </span></p> <p aria-level="3"><span data-contrast="none">About </span><a href="https://www.thundercore.com/"><span data-contrast="none">ThunderCore</span></a><span data-ccp-props="{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:320,&quot;335559739&quot;:80,&quot;335559740&quot;:276}"> </span></p> <p><span data-contrast="auto">ThunderCore is a powerful and ultra-fast Web3 ecosystem and layer-1 chain that delivers elite performance and cost-effective scalability for thousands of crypto projects. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559740&quot;:276}"> </span></p> <p class="p1"><em>This post is commissioned by CEXISWAP and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.</em></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>