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Hey folks,
I had a good call yesterday discussing the future of GoPoints.
In summary, not much will change from when you originally purchased ziftrCOIN.
In the merchant dashboard on GoPayWin, the merchants will have the option to select the % amount that they will accept of an order's price redeemable in GoPoints.
The minimum value for the GoPoints they accept will be $1 per however, the merchant can set it higher.
That % of the order acts exactly like a coupon, essentially giving a 5% or higher discount.
The merchants will be competing with each other to drive consumers to spend their money at their stores with competitive discounts using GoPoints exactly like a site-wide coupon!
In addition, we will be loading each GoPayWin consumer wallet with 100 free GoPoints.
Each merchant wallet will be receiving 10,000 GoPoints (or more) to distribute to their customers.
For the time being, GoPoints will be exclusively offered in a "closed loop". That is, those GoPoints issued to merchants in the GoPayWin network and won by consumers will be the only points available in the GoPayWin wallet. We anticipate enabling the deposit feature, once our merchants are comfortable with the process and see the benefits of attracting customers that acquired GoPoints outside of the network.
This is a temporary measure that will be lifted as the network grows and starts transacting.
We will begin rebranding ZiftrCOIN to GoPoints sometime next week and begin requesting additional exchanges accept the newly branded coin.
Thanks,
-J
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- 8 years ago
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