As for the loyalty program, what is the approx. valuation for reward pts in fiat or buying power?
Rewards are fine, but without some valuation ahead of time, there may not be a point to accumulating in order to even join the loyalty program.
Have the top two tiers already been filled?
What is paying for the 'rewards'? Meaning are vendors eating the cost, or do you plan to simply take it from your own marketplace profits? It has to come from somewhere.
What sorts of items do you plan for the marketplace, and do you have vendors signed up already?
And if volume isn't especially high, how do you plan for the marketplace to work, or that debit card idea? Without volume, the coin couldn't sustain a whole lot of purchases on the marketplace nor that debit card, as it'd naturally kill the price of the coin if people spent it as planned.
Sorry, I did read your post, but got side tracked. The valuation is still to be determined, this is a decision that will be made over the next couple of days when we start bringing people into the program.
So, that means that none of the tiers have been filled because we have not yet started accepting applications.
We are paying for the rewards, the cost of products that our loyalty members receive from their points is a cost we should fund.
The marketplace will take time to develop, but it will have a very large range of products that should include most everything from shoes->electronics.
Volume is a legitimate concern, but we are the ones running the marketplace, so we will be the ones receiving the GreenBacks. What we can confirm is that we won't do anything to kill the market such as dumping. We are also hoping that by then, volume and marketcap will be higher, though this is not a guarantee.