To begin to understand the rewards to incentify use of BoozCoin, it’s important to know how transactions will flow.

The most important rule to maintain the economy of BoozCoin is:

Rewards will always be discounted or paid out in BoozCoins.

Rewards via BoozExchange

An automated rewards program will be developed in the BoozExchange Platform.

A buyer

is not willing to pay a membership fee to buy wine or spirits online. They are the customer who is paying but can earn rewards in return for being a good and repeat customer.

Rewarding to use BoozCoin as a form of exchange or payment as a buyer is vital for adoption. 

The key is consistent use as often as possible. This should always come with incentives. 

5% bonus coins in BoozCoin for any transaction below $500

2% bonus in BoozCoin for any transaction above $500

Additional rewards in BC are granted according to their monthly activity based on: 

Volume of transactions in BoozCoins 

Quantity of transactions in BoozCoins.

A seller

is, in part, incentivized to use BoozCoin if the buyer wants to pay because a seller’s motivation is to sell a product.

But during the early growth of BoozCoins phases, we can not rule out a seller’s role in adopting the use of BC.  Willing buyer, willing seller is the economic basis of any product or service. 

The cost of doing business through a bank and credit card merchant is between 4-5% therefore there is already a saving for the seller. This is a key benefit. 

Therefore each seller should receive bonus coins for simply making a transaction in BoozCoin. 

1% in BC awarded for each transaction. 

Additional rewards in BC are granted according to their monthly activity based on: 

Volume of transactions in BoozCoins 

Quantity of transactions in BoozCoins. 

Buyers and Sellers

Yearly bonus coins in BoozCoin are also awarded to buyers and sellers.

This long term collection of BoozCoin offers buyers and sellers an opportunity to accumulate BoozCoins and see the benefits in hodling BoozCoin not just for a form of payment but as a commodity for asset building.