Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Techcoin [TECH] [186,985 PoW coins 4% PoS] [BITTREX] [ALLCOIN]
by
salyerc
on 07/08/2014, 01:20:11 UTC

First things first - What truly incentivizes users to use our coin vs all the other coins on the market?  We know how Credit card companies do it - they use 2 things: interest rates and rewards programs.  (let me just say that I am not a developer.  I know nothing about code, I am more of a hardware/networking guy, so if what I am saying will not work/is not possible feel free to smack me up)  As I have said before, I think Sync was on to something, except for the fact that their program encourages users to hold Sync and not make it a liquid asset.  

The Tech rewards vision:
current market issue - payment platforms specified to a single coin and not far reaching

1. develop a tech payment platform/pos system as a simple website plugin that would allow vendors to simply/easily integrate to their websites.  
2. the payment platform would accept multiple currencies making it more desirable for merchants to implement because of its vast amount of options - think veribit, but not just for Veri.  
3. This is where the rewards come in: When consumers spend TECH at a vendor with the TECH pos platform in place, they are sent a receipt via their wallet - not email - and along with that receipt comes a number of tech rewards coins/points - this can be done using colored coins as a starting point, but could eventually lead to redundant blockchain technologies.........  
4. A Tech internet store is built primarily for the tech rewards program, yet open to other currencies. (to allow the tech program to profit and thrive)  Discounts in the store are given for using TECH as a payment, and even further discounts - are given when TECH rewards are used as payment.  

TECH rewards are generated upon sale using the tech currency.  The rewards are not transferable and will only be accepted at the tech rewards store, where when used, will be destroyed - colored coins will allow this.


I like the rewards direction! Hope the Devs do to!

Anything that encourages using Tech would be great!