LOYALTY REWARDS AND CREDITS FOR PEAKMONSTERS
WE DID IT!!
We have released our new LOYALTY SYSTEM combined with a CREDITS system on https://peakmonsters.com
ON A ROLL... In the last week or so we added:
- Shift Click for bulk buys
- Upped the limit to 45 cards in the cart
- Batttlechain for exploring battles
- My battlechain
- My explorer
- Combining cards
All those things above were easy compared to this last update but we think this new one is pretty awesome and actually lays the groundwork for some future features.
NOTE: We will be switching gears to 2 weeks of development on https://steempeak.com in preperation for @steemfest
WHAT IS LOYALTY REWARDS?
It is a profit sharing system. We gift you a percentage of the profits from your purchases at the end of the day. We give it to you in the form of credits. And now there's a method to buy cards with credits.
WHY?
Why would we give you some of our profits? Good question... it's our theory that it will give yet another incentive to use Peakmonsters for market purchases and pack purchases. We believe in the long run it will be a net benefit for us. Our Credits protocol is a nice technology we can use for future features.
BIG BONUS
We made this system retroactive all the way back to October 1 and will be sending Loyalty Rewards based on your purchases from 3 weeks ago even though we just launched today!!
And the tiers that qualify you we made retroactive back for 2 months.
THE REWARDS TIERS
At the end of the day we check your tier and give you a share of the profits from your daily purchases in the form of credits.
| TIER | NAME | VOLUME NEEDED | PERCENTAGE OF PROFITS |
|---|---|---|---|
| 0 | Sleeping Giant | 0 | |
| 1 | Crusty Commoner | 5 | 2 |
| 2 | Happy Shaman | 150 | 4 |
| 3 | Rexxie Rancher | 400 | 6 |
| 4 | Elemental Maverick | 1000 | 10 |
| 5 | Twisted SteemBringer | 1750 | 14 |
| 6 | Defender of Monsters | 2400 | 20 |
| 7 | Screaming Tycoon | 4200 | 25 |
| 8 | Angel of Steem | 6400 | 32 |
December UPDATE ... We have since added two more tiers and changed the level of Angel of Steem... and upped the percentage rewards for all of these tiers.
All this is subject to change... even though we don't have plans for change. But expect some fun promotions that may bump you up a level or two.
STEP 1 - ADDING CREDITS
There are two ways to get more credits.
A. Loyalty rewards program will deposit credits into your account based on your purchases. For most people they will be small micro transactions that will slowly add up.
B. Or you can send steem/sbd to @peakcredit and you'll have credits in your account
STEP 2 - SEE YOUR BALANCE
When you go to "Profile" you will see:
- Account Tier (which also shows you the percentage of profit sharing you qualify for)
- Account Volume (Which is what determines your account tier)
- Credits Balance (Which includes the loyalty rewards we have sent to you)
STEP 3 - BUY CARDS WITH CREDITS
IF you have sufficient credits THEN go to buy a card you will see the option to buy with credits
STEP 4 - THE BACKGROUND
What happens when you buy with credits is our account @peakcredit
- buys the card for you
- Sends the card to you
- Reduces the amount of credits in your account
- Everything is still completely recorded on the blockchain
RESULTS
- That purchase will still be in the "Explorer"
- That purchase will still be in "My Explorer"
- That purchase will still be in your "Order History"
As you can see it's marked as a different transaction type.
FAQ
- What's the difference between Loyalty Rewards and Credits?
Loyalty Rewards USES credits. Credits is a technology and accounting method and Loyalty Rewards is a system to give credits to our loyal customers.
- Will loyalty rewards impact me much?
Most users are only buying a couple cards here and there and it will have little impact. This system may or may not change your buying habits.
However for power users it may make a big difference when they might be spending thousands a month.
- How often are Loyalty Rewards sent?
Right now we do it manually, we're slowly processing a backlog. Soon it will be automated to happen every night around midnight GMT.
- What is being sent at first?
We decided that we'd go all the way back to Oct 1 and give everyone who's used the system loyalty rewards. (Give us some time to process all those transactions.)
We think it'll be a nice introduction to the system by giving 3 weeks of loyalty rewards.
- Will purchases with credits count towards Rolling volume?
Yes.
- Will purchases with credits earn us even more loyalty rewards?
Yes.
- Why would we send steem/sbd to get credits?
Adding credits benefits some people because @peakcredit will be spending the Steem RC to do the transactions.
To other people they like that the wallet transactions will be on @peakcredit and some people value not having too many transactions on their wallet. But totally up to you.
- What is "Account Volume"?
It is the total USD value of purchases you've made in the last 60 days. The higher that number the higher your tier. And the higher your tier the bigger the profit sharing percentage.
- Why 60 days rolling?
Because most markets do 30 days and we just wanted to be 2x better and nicer.
- Is the loyalty rewards system an entitlement?
Absolutely not. We're just giving some of our profits to you... we don't want to ever convey this as an entitlement and will try to be careful to never use words that make you believe credits are eternal and guaranteed and can't change.
- Can loyalty rewards change?
Yes. We have no plans presently, but we completely reserve the right to change tier levels, percentages, run promotions and contests. However when you get a credit we will not take it away.
- Can you withdraw from credits?
That is a planned feature.
- Is there trust needed for sending Steem/SBD to @peakcredit
Yep. You have to trust @asgarth and @jarvie if you want to store Steem or SBD on @peakcredit account. It will be stored on an account we have access to ... however we do process every transaction in the blockchain and give you an order history.
NOTE: You can use Peakmonsters completely without using the credits system and now with Keychain Chrome Plugin the level of blockchain security on Peakmonsters is as high as you can get.
- What else do you have planned for credits?
Credits system makes it possible for us to create a BID system in the future. That will make us like a real market with listings and bids combined.
- Will this be available on peakmonsters.kr?
Yes it will be.
THANKS
We'd like to thank:
- @yabapmatt for creating the market protocol that makes these market transactions possible.
- @asgarth for his late hours after he gets home from work coding this system.
- Our customers though only a couple hundred in number have been avidly buying cards and making our long hours making this site worth it and excited for a future when there are thousands of active players and buyers.
Very simple, straightforward, user friendly. I was going to buy the cards anyway, and I was going to use peakmonsters anyway (shift+click is just lovely), so this is just free money.
Pretty much! But now people may buy more packs.
Wow what an exciting new feature. Right now I am a crusty commoner. When I am ready to buy more cards it will definitely be through PeakMonsters!
Fantastic. This just keeps getting better!! I used peak monsters recently to purchase some cards from the market, so its nice to know I'll start getting some loyalty credits.
This is so great! I have to give it a try and it is great given I still have not bought any cards on the market but see myself doing so to finish maxing out some cards here shortly. Look forward to the experience.
well it works for packs as well.
and when you get to tier 1 ($5 of packs or cards) then battlechain feature is active for you.
Thanks @peakmonsters for this great value added feature. I like the way that you have set up the reward programm. I was hoping for more different tiers at the lower end of volume e.g. 5$ - 50$ - 100$ - 200$.... so that minnows are also more motivated to spent more.
So how does the calculation exactly works? How big is your profit on every trade 5%???
Lets say, I have 100$ Volume and your profit is 5% = 5$, than I would get as a "Crusty Commoner" 2% of 5$ = 0.10$ is that correct?
Mmh thats not really a lot... If you consider that those 100$ purchases where over 2 Months period...so 0.05$ reward per month...well better than nothing.
Lets see how things works out, but thanks again for your great work!!!
Yeah we originally had just one or two levels at the low end and then added a couple more including that first one so that everyone would get something. I was personally worried that a small percentage may be worse than nothing at all. But we're giving it a test at involving everyone.
And yes your math is pretty correct.
Ha-ha now get that a crusty commoner was better than the sleeping giant :p just not in name
Hi @peakmonsters, I'm @checky ! While checking the mentions made in this post I noticed that @peakcredits doesn't exist on Steem. Did you mean to write @peakcredit ?
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!help.yep fixed
Great idea. I wish I could buy packs via PeakMonsters and use PayPal
sufficiently informed, very nice as always with all the product about STEEMPEAK, thank you!!
Is that only reward the purchaser? the seller does not entitle the rewards/credits, right?