YourBlockYBK: TokenEconomicsThe number of YBK tokens being released is finite (200,000,000) and the YBK tokens will be used as an incentive and reward on the platform. Therefore it is envisaged that YourBlock will have to actively take part in purchasing YBK tokens on a secondary market, in order to meet future demands.
YourBlock will also encourage companies with which it has commercial arrangements to use YBK tokens as a multi product loyalty reward. A secondary market could play an important role in that distribution, and YourBlock will arrange secondary market listings as quickly as possible following the Token Sale.
YourBlock may also charge its commercial partners a small number of YBK tokens to access and make changes to their pricing plans on the YourBlock platform.
• The YBK token works on the economics of participation and collaboration
• The participants of the YourBlock token sale will be able to use their YBK tokens to make purchases of insurance and utility products
• YBK tokens will also be used to incentivise the user to keep all of their data up to date
• Users can use their YBK tokens for discounts on the services
• The service provider will be getting accurate and real time leads, which YourBlock can work to charge a higher fee for
the lead and in turn pass back more YBK tokens to the user
• The more users of Dave and You, the opportunity for bigger
discounts on the products and services
• With more participants of Dave & You we can create better
ratings of the service providers, which in turn will help not only the users to make a more informed choice of a service or product, but give valuable feed back to the Service Providers, so they can improve offers
• Service Providers will be approached to offer discounted deals that cover more than one service or product to large groups of consumers
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https://yourblock.io
