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LoyalCoin (LYL)

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LoyalCoin (LYL) replaces traditional customer loyalty programs with a flexible, fully transferable token that can be used to redeem rewards from any participating brand, anytime, anywhere. LYL is a token built on the NEM Mosaic platform.

  • Category Payments
  • Project Type Token
  • White Paper Not Supplied
  • PlatformNEM NEM
  • Bitcoin Talk Not Supplied
  • Jurisdiction Not Supplied


Patrick Palacios photo
Patrick Palacios
Patrick founded Appsolutely in 2013, after seeing the huge growth potential for e-commerce in the Southeast Asian region. Prior to establishing Appsolutely, he went on a two-decade run as a tech entrepreneur and executive, creating digital business ventures Ilios Resources and Helius Tech and setting strategies for tech and telco conglomerates such as Digitel, Nortel, and Lucent. He sees Appsolutely as a solution to companies’ challenge of building deeper, richer ties with their customers, regardless of the technology in any region. LoyalCoin is his brainchild, and he determines its overall concept, direction, execution, and aspirations.
Nitin Charwe photo
Nitin Charwe
Nitin joined Appsolutely early this year, after building his expertise in global finance technology systems the whole decade. He came from global tech consulting company Capgemini, where he was an expert business analyst who developed solutions for payments, analytics, reporting, and credit card technologies for international companies such as Bank of Montreal and Global Payments Inc. He now drives the direction of LoyalCoin, including its implementation across various entities, and handles strategy for investor and shareholder engagement.
Nigel Hughes photo
Nigel Hughes
Nigel has three decades’ worth of technology expertise under his belt, working on innovations such as blockchain, automation, app creation, trading systems, and more. Over the past four years, he has worked on creating on various blockchain-based applications and developing machine intelligence software for and flight simulator programs for Boeing. Currently, he guides vision and product development strategy for LoyalCoin, using his extensive experience and connections in the blockchain space.
Richard Funk II photo
Richard Funk II
Head of Legal & Compliance
Richard’s name is synonymous with compliance in the Philippines. He is an independent legal practitioner who led compliance at financial institutions in the Philippinessuch as Rizal Commercial Banking Corp. and PNB General Insurers Co. Inc. He also spent more than a decade as head of the compliance division of the Anti-Money Laundering Council for the Bangko Sentral ng Pilipinas, the Philippines’ central bank. In addition, he is a professional anti-money laundering trainer. At Appsolutely, he will ensure that whatever the direction of LoyalCoin is, it will be on the straight and narrow.