Waves! Our Bread and Butter! Waves are the idea that made Kwik become what it is today and where it is going. With our CEO’s previous business knowledge and modern technology of blockchain, it was a recipe for success. Waves are pretty simple. Think of it like this.
Picture a large metal circle ring. That is the campaign. It is set up by the brand as a group of products. Read our article about “What is a Campaign” to fully understand what that means. That ring represents the campaign and you’re a single chain link, when you join that campaign it is as if you have linked yourself to that campaign and are now linked to the campaign. You now can share products in the campaign. As you share it out and people buy the product. They are also joining that campaign or linking to the campaign. but they’re not linking through the ring as you did, they’re linking through you! Then as that person, you referred to the product does the same thing you did and shares the product with their friends, their friends link onto their chain. This pattern repeats as the chain gets longer and longer.
This creation and tracking of the links are done via the blockchain, meaning it’s all decentralized and utilizes the most innovative technology to ensure that those connections are made for life and are set for life. We don’t control them but let the blockchain technology do its thing. If you want to read more about the specifics of how blockchain works, here is a very informative article.
We hear all sorts of things like, “I want to join the campaign directly instead of buying from my friend!”. Let us break this down for you and tell you why this doesn’t apply. For each product a couple things are set, it’s in a set campaign, the price is set, the cashback amount is set, and the Kwikcash comission rate is set. Meaning that no matter who you buy the product from wether be it the brand directly, kwik directly, your friend or some influencer, the price is going to be the same. Infact, on Kwik we have many brands doing discounted pricing, but as you buy the product no matter who from, the amount you earn in cashback is the same. So regardless of the source you get the same amount of money instantly. Then when sharing the product there is a set comisson rate. Let’s use an example of a product that has a comission rate of $10 and a cashback amount of $2. So if Johnny refers Steve to the product, Johnny would get $10 in Kwikcash and Steve would get $2 in Cashback. Then Steve goes out and refers Sally to the product. Sally would get $2, Steve would get $10 and Johnny would get $5. You can see that for every purchaser they get $2, and for ever referral made you get $10. So why would Sally have said “no way I buy from steve I am going to go around him.” With waves there is no reason to, buying from your friend is good! You get the same good deal and earning opportunity as you would have if you bought it from Kwik or the Brand directly. All you do by buying from your friend is supporting them.
Waves is truly going to revolutionize the world as we know it. It’s going to start paying people for their true influence and let everyone see how powerful they really are and what they really do for a brand. We will have tons of new features coming out regarding waves to make it work seamlessly and as easily as possible. Go on Kwik now and start sharing products to see how easy and powerful waves is today!