Post
Topic
Board Announcements (Altcoins)
Re: [ANN][GB] $ GreenBacks $ ~ A Complete Currency & Infrastructure ~ LAUNCHED
by
poornamelessme
on 29/08/2014, 21:02:58 UTC


There is too much information to simply put in here because we do not want to flood our OP. We will post the loyalty program post daily though, and that will give people a chance to see it. The document must be read to apply anyways.

Yeah, but I meant less the nitty gritty details, and more simply the rewards themselves. That is what people will gravitate to anyway ... they want to see what they'll get.

I forget the exact numbers, but tier 1 is around $40/marketplace money, tier 2 around $22, and tier 3 is $4? Each month. And then there is the percentage of that debit card company too, assuming it gets off the ground.

One other thing I might suggest is perhaps changing rewards so folks get a percentage of transaction fees or tie the marketplace rewards into the coin's price, with a set minimum, or something similar. One potential problem you may run into down the road is the coin may be worth too much (as odd as that sounds).

General example:

If the coin gets to like 20K sats, you'd then have investors in tier 1 holding a little over $20,000 usd with a return of around $480 in yearly rewards, or approx. 2.5% yearly. You may eventually need to 'up' the rewards in some way as an incentive to remain in the loyalty program, the higher the coin's valuation gets. Staking and the company percentage thing helps, but I'm just wondering at what point would the coin's valuation be greater than the incentive to hold in the program.