RE: The Time Has Come for Alchemy Stones to Part Ways With eBay
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Do you think if you accumulate huge LIST power, you can use your upvotes as business tool to attract customers to your store?
Imagine your customer buying a product worth USD 20 and getting rewarded with upvotes worth 10% or more of that in LIST token through upvote when he/she reviews the product via comment in your promotional post? The customer can even post an article about the product on your store, which need not be a review, and you can reward them with upvotes.
Big outlets can use this business model to reward their customer as they have the capital to do so.
If this is workable, and if just even one big outlet buys into this idea, then you will see the price of LIST token skyrocketing. Moreover, remember the maximum number of tokens for LIST is only 500 million.
Posted using HiveLIST
Thanks for sharing your thoughts @xyz.store!
I am definite planning to gradually accumulate LIST tokens, both as a marketing tool, as well as simply as a show of support for the HiveList project, overall. I tend to be "one of those people" who's slow to decide on and commit to something, but once I get involved, I treat the project seriously. I am glad that the LIST tokens have a finite supply and it's not "trillions."
However, for what you suggest to be meaningful, the LIST token would have to have significant value, along the lines of a LEO or something like that. Even a 100% upvote based a 1,000,000 ListPower stake would result in a 50-60 LIST vote; of which the recipient would get half — let's be optimistic and call that 30 LIST — so with 10 cent LIST that would mean 3.00 in fiat equivalent.
For the time being, I m just hopeful of being on the leading edge of building this project and hopefully it will "go" somewhere.