LOYALTY REWARDS PROGRAM : A Profit Sharing Perk

peakmonsters (64)in #peakmonsters • 6 years ago (edited)

We have had this idea in mind for a long time now and been working on it for months. We are getting close so we think it's time to preview it.

THE LOYALTY REWARDS PROGRAM?

It's a bit like Frequent Flier miles I suppose... or CC rewards. It's a creative way to thank those who loyally use Peakmonsters for purchases in the market and packs of cards.
https://peakmonsters.com

The more you do on Peakmonsters the more rewards you'll be getting from @peakmonsters the rewards will be taken from the profit... thus "profit sharing".

SteemPeak 6.png

You have some questions I'm sure we'll give some answers however keep in mind this is just a preview of what we're about to release when that happens we'll get even more specific... until then we'll share what we did to prepare for this.

FOUNDATIONS THAT GOT US HERE

There were several features we had to do before we got to this point.

ORDER HISTORY

We needed every user to be 100% certain about the results of their purchases and able to track what they've done and when.

ACCOUNT PROFILE PAGE

We needed to make sure you could track where you're at with the rolling volume and see those account levels and know what tier you're presently qualifying for.

Keep in mind that the new account level names have not been implimented live... more about that below

ADMIN TRACKING

Then we needed a way to track what's going on in the market because making a new feature like this requires that we also be able to have what we need to quickly troubleshoot it

HOW IT WORKS

It's a tiered system like many markets use.
Every successively higher tier will result in us giving you more profit from your purchases that day.
We will do it in the form of credit.
Meaning we will also build an interface that will allow you to purchase cards with that credit.
PURCHASE METHODS = Steem/SBD/Credits
Unlike most other markets that use 1 month of transactions to determine that tier we're starting with tracking 2 months. This is called "Rolling Volume".

How many tiers? Well we realize this is a market for a game so we went with a more gamified tier system. We created common, rare, epic and legendary tiers. With fun names that you'll connect to the characters in steemmonsters.

SOME TIER NAMES

Sleeping Giant (common)

Rexxie Rancher (common)

Elemental Maverick (rare)

Twisted SteemBringer (rare)

Defender of Monsters (epic)

Angel of Steem (legendary)

It's changeable ... we reserve the right to change it if it makes it better... there is no contract or commitment all we're saying is that we're gonna give you some of our profit. You do not have to use these credits and they are not entitlements, just a gift for being awesome @peakmonsters users.

CREDIT SYSTEM WILL LEAD TO ANOTHER COOL THING

Just a little heads up: this credit system is gonna be awesome because it leads to us doing things like letting you put in BIDS for cards. Bids are an integral part to most markets. I'll just leave it at that. Yes you're thinking what i'm thinking.

FEATURES WE ARE FINISHING NOW

A Protocol that makes sure everything is done and recorded on the blockchain.
The ability to use credits to purchase and even deposit and withdraw in steem/sbd.
The automated system that will deposit credits into your credit account at the end of every day
And of course the UI that will show you the balance of those credits.

Also coming are: account balance, combining cards and plenty of battle related features and like I said... A bid system.

OUR MISSION

We have stated from the beginning that our goals are

FAST
EASY
INFORMATIVE

This loyalty feature may seem a little outside of our mission statement but it has lead to a lot of features that provide awesome information and will lead to features that make buying way faster and easier, so we think it fits nicely. And as a business we think it will motivate more buyers specially of packs because the profit is actually better than the card market. And just FYI your steemmonsters affiliates still are tracked by steemmonsters when buying through our pack buying portal.

FAQ

Who qualifies?
Pretty much anyone who spends even just a little bit on https://peakmonsters.com
I think the entry tier is $5 to begin with.
Will this give extra benefits to those who spend a lot of money?
Unabashedly YES. Those who spend more will get a larger percentage in return.
We have many tiers between $5 to $6000+ of rolling volume.
How often are the credits rewarded?
At the end of every day ... GMT will be our cutoff.
Should this be considered an entitlement?
no. No and NO. In no way should you depend on this... there is no contract at all. This is us just giving you a gift. That's how you should look at it.
Will you do an SMT?
I am not sure it's needed ... we'll assess that next year when things get closer. Right now we can do a whole lot just using a protocol that interacts with the wallet and wallet memos.
What are the profit sharing percentages?
We are looking at 2-32% right now...
How many tiers?
Like we said we're copying the steemmonsters rarity tiers but I think we have 2 levels in each to add a bit more fun to the gamification, you'll recognize the connection to the card names.
Should I spend more just to hit another tier?
I want to say yes but I also don't want you to do anything that makes you think this is an entitlement. Before anything else you should buy cards because you want that stuff. However, we will give you some notice before we make a change.
When does it start?
Soon... We just gotta test it a bit. This is just a preview post.
Do my purchases right now count?
Purchases right now count to raise your tier. Which determines the profit you get to share. In fact they've counted for a while now, You'll start off with 2 months of rolling volume to determine your tier.
Will you always track 2 months of rolling volume?
We will commit to it for the rest of the year then we will re-assess.
Why are you giving money away?
A. Because we hope that it will motivate more people to buy... specially in the pack buying side of things. B. also because the credit system is important for solving a few other issues. C. We are nice?