23 Oct SMARTICOINVESTOR: Gatcoin – Airdropped Coupons & Exchange Platform Will Bring Enterprises to the Blockchain
The blockchain is extremely frictionless, meaning that it’s very easy to transfer stores of value across it. Especially as technology develops and brings down fees. It’s going to allow a whole new bartering and trading economy to appear covering assets which before were illiquid. One of the big sectors to be unlocked with be coupons, points and other rewards. I discussed this a bit in the BlockMason article. They want to give companies the chance to issue their own rewards for customers on the blockchain. What was different about their system was that it was just a protocol token. Companies and other enterprises were given full ownership of the IP they created and their rewards would stay inside what ever ecosystem they created.
There is another possibility, one which Gatcoin is pursuing, where these customer rewards are tradable, fungible objects which have value. If you have 50,000 airline points, why shouldn’t you be able to trade it on the open market if you need cash. There are sure to be other people who need them and they have value. It’s the network which broadens the amount of people who want different items/stores of value and with its growth, there will be more demand for each reward.
The exchange will be interesting. You won’t be able to take the reward tokens off of their platform, but you will be able to trade them for other types. So if you wanted to trade in your air miles for spa points (sign me up), you could try to list them on the open market to see what you could get. While I’m wondering how everything is priced, whether its free float or fixed, I think it’s a cool implementation of frictionless equity transfers.
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