Scalps leverages Soroban smart contracts on Stellar to power a loyalty management system for merchants worldwide, using the POINTS token for discounts and minting branded Loyalty NFTs. These NFTs include Discount, VIP Membership, Event Access, and Collectible types, each with specific smart contract features for minting, validation, and benefit application. The system optimizes storage with IPFS and Soroban storage types to manage fees effectively.
Scalps, a blockchain payments platform on Stellar, uses Soroban smart contracts to enhance its loyalty programs beyond the basic POINTS token (pegged 1:1 to $0.01) for discounts. The platform enables merchants to mint four types of Loyalty NFTs: Discount NFTs for fixed-period discounts, Membership NFTs for tiered benefits, Event Access NFTs as electronic tickets, and Branded Collectibles for engagement. Smart contracts handle minting via Rust SDK's contract.rs, metadata storage with metadata.rs, and validation through QR code scans at point-of-sale. NFT details like validity, benefits, and conditions are stored in JSON files on IPFS or on-chain, with hashes in contract metadata to optimize costs. Storage strategies balance Persistent, Instance, Temporary, and IPFS options to minimize fees while ensuring data persistence. This experimental approach automates claims, discounts, and NFT management, empowering global merchants. Further details are in their GitHub POC repository.
