Just because I am not posting to the board doesn't mean we are not working on Tagcoin..
...We have just let it rest for a few months, settling down and seeing where it goes.
This is what we have planned for Tagcoin in the future.
The original idea of a universal rewards coin has not been picked up, mainly because merchants want complete control over their points and internal currencies. This includes us as well..
However, we will be using it within Tagcash as a payout method, rather than using BTC, paypal or bank which are often not available to us in different countries.
Tagcash is an eWallet system, advertising and rewards platform. Aside from the digital wallet and merchant payment system, it enables anyone to create their own points and loyalty systems, and it also lets companies advertise products and services in different ways. To help promote the "Tagverts" as we call them, merchants buy Tagcash points which can be used for Pay per Click, Pay per Take, and Pay per Redeem. Tagcash users share tagverts via websites, facebook, twitter etc and when someone clicks on that tagvert link, takes it or redeems it (ie: spends money) the sharer gets rewarded with points. A bit like google adsense and other affiliate systems. In the Philippines we can convert those points immediately into cash for payout using Cash Out agents or direct to bank. In countries like India where digital wallets are illegal, the points can be converted to airtime, gifts, products or ... Tagcoin. The same goes for USA, where we cannot give cash out to wallets because we have no MSB license for each state. We need a way to pay out cash and we will do it via Tagcoin. Tagcash points are worth 1 US cent each, and when someone requests a payout of their points, we will give the equivalent value at that time in Tagcoin. We take our rates from vskype.com.
Tagcash will need to buy Tagcoin via the different exchange sites it is offered, plus on the tagcoin.org website. As we grow, and the sharing of Tagverts becomes more widespread we will need more Tagcoin to pay out.
I am also considering changing the interest paid out to 5% from 1.5% per year. This will place more emphasis on Proof of Stake mining, and less on hardware mining. I anticipate availability of coins mined through hardware at around 80,000 TAG a month and more on PoS. If you want to give constructive thoughts for this please let me know.
If any of you have your own businesses, products and services feel free to create a community on Tagcash and add your own Tagverts. That part is free, but if you want to promote and get people sharing your ads, then you'll need to buy Tagcash points and pay others to share them (based on results if that is what you prefer).
