The community reward system is such a good idea, members have the opportunity to earn token rewards by engaging in activities on the platform by inviting new members and sharing promotional content. I see this as a good marketing strategy for potentiam. It was well thought of.
Hi, glad you appreciate our work. We spent a lot of time documenting our idea. It is based mainly on our experience with Britznbeatz, we identified what drives loyalty. And in so doing we have placed emphasis on:
1.Functional loyalty
2.Simplicity
3.Reward system
We have created various opportunities on the network to incentivise users. Fans, music creatives, and even investors.
For example, the potent vault is the network stability tool which safeguards the liquidity of the platform. This grants potent vault members access to the whole of the Potentiam network for a time in return for locking-up(taking PTMs out of circulation) PTM tokens for a specific amount of time. This also increases the IAM score of the holder on the network granting higher voting rights. In this case of functional loyalty, the potent vault adopters are in-turn rewarded for this action.
All the use case on Potentiam are simple and easy to understand and adopt. People naturally look for the easiest, quickest route to solving problems and completing tasks.
A reward is an obvious way to keep customers loyal. Its the foundation of many loyalty schemes.
Remember all PTM holders benefit from 30% of the burnt fees the platform generates. Also, the whole network benefits from the actions of the potent vault members as they have temporarily taken PTM out of circulation(programmable scarcity).