💼Steps to Redeem

InRewards Tokens are also easy to redeem. A customer will just need to note how many INV he or she wants to spend on the purchase, and the order amount will be reduced, depending on the current market rate of INV. A special smart contract will be introduced which will serve as a middleware between the shop and customer in this scenario. It will hold the customer’s INV until a full fiat currency payment is received, then it will transfer the INV to the shop. If the full payment is not received in a certain time period, it will transfer the INV back to the customer and notify the shop about this event. If the customer wants to top up the INV in his InRewards Network, he can transfer Ether or any ERC 20 tokens from his Ethereum wallet to his InRewards Wallet and then use a Liquidity smart contract to convert Ether or tokens to INV.

Steps to redeem INVReward Tokens for purchases:

The wallet with INV is seamlessly integrated into the merchant’s online store, and customers can choose what amount of INV they want to redeem for their purchases.

The wallet is easily accessible from any merchant’s website.