Cell Network and Data Service Providers: Connecting Better Service and Rewards via IQ Protocol

As technology progresses, more people are embracing its innovations, owning every piece of device available in the market. The most ubiquitous gadget of all — the smartphone — is owned by more than 4.8 billion people, 61.9% of the world’s population. While the smartphone itself is powerful enough, its full potential can only be achieved with the help of cell networks and data service providers.

However, these service providers still lack to continuously provide better services that can help users harness the power of their devices. Apart from lacking cell coverage, cell providers have difficulty maintaining loyal users. Dissatisfied subscribers can easily switch to another network due to limited incentives for the customer in terms of rewards. Existing service providers are slow to adopt highly innovative solutions, due to both technical limitations and economies of scale.

Furthermore, most service providers only support a narrow set of payment options. When crypto is becoming more prevalent, network providers are missing out on the opportunity to attract new customers who can pay in crypto.

It’s not the end of the world for network providers, in fact they are prime for upgrade. PARSIQ’s IQ Protocol is a smart contract subscription protocol that can revolutionize the cell and data network industry. This protocol is a customizable plug-and-play solution that allows providers to remodel their businesses and create a loyalty system that benefits both the provider and their customers. Here’s how:

• Create a circular reward and loyalty ecosystem. With IQ Protocol, cell networks and data service providers can create a reward system where subscribers earn utility tokens. These tokens are akin to points that can be sold, bought, and rented. They are designed to track, execute and employ customer incentive models similar to airline mileage points. Providers reward tokens to loyal subscribers or users who complete certain tasks, such as giving customer feedback. Customers can then choose to spend the rewards in multiple ways. These incentive models help to create a circular positive loop for user retention, leaving competitors in the dust.
• Secure data with Smart Contracts. Network providers face serious data breaches over time. Take the example with T-Mobile’s breach wherein 47 million customers’ data we’re leaked. IQ Protocol is powered by blockchain technology, which is known for its inherent immutability. This means that it will be more difficult for malicious actors to hack centralized data systems, as in the case of T-Mobile. Furthermore, it uses smart contracts for higher transparency, data accuracy and network reliability.

How subscribers benefit:

• Pay in crypto. Cryptocurrency is becoming increasingly popular, and it’s no surprise that more and more people use them as an alternative payment method. With IQ Protocol, users can now pay directly in cryptocurrency or the company’s own tokens.
• Earn rewards in tokens and use them to pay for services. Loyal users can earn rewards in tokens which can be used to pay for services. For example, if you have been with the service provider for a couple of years, you will be rewarded with tokens. At the same time, users who always pay on time can earn tokens as well. What can the rewards be spent on? They can be used to pay future bills, unlock premium services, or deposit into a savings app to earn more token rewards.
• Try before you buy. IQ Protocol’s unique system allows highly efficient microservices. Now, users can try new modular features instead of paying for a whole month when you’re not sure if you need it yet. You can also choose to buy services for very specific time frames, such as for 72 hours rather than paying an entire month. This encourages more users to try out new services while saving money.
• Rewards sitting idle? Try a savings app. IQ Protocol allows users to earn rewards by depositing tokens to a savings app. For example, if they don’t plan on getting new upgrades or spending them, they can deposit tokens in a savings app to earn rewards in the form of more tokens.

IQ Protocol revolutionizes cell networks and data services by providing them with a new way of being competitive in the market. Concurrently, the protocol also offers new benefits to users, allowing them to enjoy the services while reaping the rewards for using them.