Service fees
Ok so whoever is following this , has to know by now that there isn’t a perfect coin in the world . But we were thinking. And brain storming and we came across a rather interesting idea. It’s called paying it forward. It’s a way to let the coin go around the world simply by ONLY paying it forward in recognition for an act of kindness or a service. So when someone does something for you, you pay it forward. In so doing the coin takes on a meaning of it’s own. And as it grows in popularity , it becomes worth something because it’s not a currency that is worth anything to begin with. But gets its value because of the character of the people who have earned it. It’s not like being paid in one of the worlds currencies.
We’ve noticed that the service fees of incognito are too high and have found a way around it by thinking of going for wavesplatform waves coin. We can achieve the same thing with an initial setup fee that is high but not so high that it breaks the bank and we can create a token that can be forwarded with minimal fees.
So back to our original point of paying it forward. If nikipress sits with a finite amount of coins and only releases them in exchange for something good then we will be changing the behaviour of people and if we at the same time make the coin/token redeemable for video’s or books on nikipress , then it’s worth something. Not absolutely nothing. We could also make the coin redeemable for products depending on what it’s value takes on in the market place. The determining factor of a tokens value is how usable it is and how scarce it is. This coin will not be made cheap . It will be released slowly and carefully in exchange for good character. The more you do , the more you’ll receive. In the end of the day , what it’s worth will be determined by the value that people put on it because of their own acts of service.