Gas Wizard introduces a crypto initiative aimed at assisting users in mitigating the impact of escalating gas prices and inflation through a blockchain-based loyalty program. This program offers rewards and discounts on purchases made at affiliated oil and gas distributors, as well as EV charging stations. Utilizing blockchain technology in this loyalty program brings advantages such as reduced transaction costs, transparent transactions visible on the blockchain, real-time transaction processing, and security through immutable blockchain records.
The native token of Gas Wizard, known as GWIZ, operates as an ERC20 token constructed on the Ethereum blockchain. Users have the option to utilize GWIZ at partner stations instead of traditional fiat currency, enabling them to counteract the surge in gas prices. The acquisition of GWIZ tokens can be achieved through various means, including participation in a play-to-earn game, staking, and involvement in the GasWizard Challenge, where users contribute by updating gas prices at different stations to aid others in finding the most economical gas nearby. The token presale has recently commenced, offering interested investors the opportunity to acquire tokens starting at $0.01 each.
The Gas Wizard mobile application acts as a central platform for users to monitor real-time gas prices, execute transactions, and engage with the loyalty program. It serves as the intermediary for all interactions between users and partnered gas and EV charging stations. The project outlines a roadmap for the years 2024 and 2025, encompassing phases such as app development, public presale, decentralized exchange listing, centralized exchange listing, app launch, and partnership expansion. Additionally, the team plans to introduce a one-year free fuel giveaway and establish a GWIZ NFT collection.
Through the integration of blockchain technology, Gas Wizard endeavors to establish a more efficient and user-centric loyalty program model, aimed at assisting users in coping with the escalating costs of gas. The project offers a viable solution for consumers to save on their gas and energy expenditures through the acquisition of rewards and discounts within the ecosystem. The GWIZ token serves as the cornerstone of the loyalty program, enabling users to utilize it at partner stations and acquire it through various activities within the platform. With a strategic roadmap delineating its future endeavors, Gas Wizard remains committed to innovating in the realm of loyalty rewards and delivering value to its user base. Follow Gas Wizard on X for regular updates on the project’s development and progress.