As you’ve probably seen/heard, we are introducing our own version of Trading Cards, Groupees Trading Coins. The first Coins, the $3 Antimatter Jonny Coin and the $1 Plutonium Slug Coin, will be issued to Be Mine 14 buyers with a website update coming in October which will include a number of new features including a Virtual Market Exchange.
The Trading Coins will have certain characteristics similar to Trading Cards:
1) They are Collectibles
Each Coin will feature a unique image (e.g. Groupees staff member, character from a game, Artist or even a member of the Groupees community).
2) They are Tradeable
Holders can trade the Coins with other Groupees community members on the Virtual Market Exchange.
3) They are Redeemable
Holders can redeem the Coins for bundles and other digital goods offered by Groupees at the Coins published value.
These particular Trading Coins also have a few unique characteristics:
4) Value Can Fluctuate
The Coins have a stock-like characteristic in that they can increase in value as Groupees continues to grow and succeed. Also, as more of these Coins are redeemed and fewer are in circulation, the more valuable they will become. We will post changes in value so holders always know their current value. The Coins value will never be lower than their issued value.
5) Redeemable for Cash
These Coins are redeemable for cash at their published value in the event that Groupees was sold or its stock traded on a public market.
We will issue Trading Coins in select bundles; not every bundle will feature a Trading Coin. We will also be implementing a loyalty system so certain Trading Coins can be earned based on your purchases at groupees.com. We will also be issuing special Trading Coins from time to time, some with the same stock-like qualities as these ones, for special occasions, contests and the like.
As I mentioned in my letter included as a download file in the Be Mine 14 Trading Coins entry, I decided to do this in order to create a special relationship with our community… Groupees IS our community, you have a say in what we do and now you have some financial interest as well.
Let’s have fun together continuing to grow and evolve this special place.