
The other day, Kerry O’Shea Gorgone and I launched a new cryptocurrency known as the Backpack Present Coin (or just $BKPK, if you want to be like the awesome little ones). It’s built by a enterprise identified as Rally and was aspect of a job they released identified as Creator Coins. The notion is that if you nurture a neighborhood like we do all-around the Backpack Clearly show, then you could build your personal micro-economic climate and invite participants and users of that neighborhood to invest in, sell, keep, and trade a exclusive currency.
What does ANY of that necessarily mean?
At the greatest amount, “Hey, if you invest in $BKPK coins, it supports the Backpack Show, but also, you get the benefit of perhaps earning even further rewards than you would if you just sent in normal money. WE get a reward for you buying the coin, but you ALSO get a reward for keeping it. Kind of like two folks benefiting as an alternative of a single.
A little more “in the weeds:” cryptocurrency, you have maybe presently listened to about. Coins like Bitcoin or Etherium or the now well-liked “Doge coin” are other styles of cryptocurrency. So, the $BKPK coin is generally a tiny decentralized (that means absolutely everyone has control of it, not just just one person) resource to pass price (in this situation, funds) again and forth involving people who acknowledge that style of currency.
What can we do with the cash?
You can buy sponsorship spots on the exhibit, backstage passes, special closely discounted private coaching, and a lot more. We’re performing up much more and a lot more offerings and means to have entertaining with the coins as we discuss.
What do you want me to do?
We can tactic this two methods. I shot a minimal movie for you, but I’ll demonstrate it appropriate just after the movie, too.
There are just a several steps to the process:
- Set up a free of charge account at Rally.io
- Find the Backpack Display coin site.
- Invest in some cash if you want to just hold on to them. (Click Obtain) OR
- Click one of the choices like “Buy a Electric power Hour of Coaching” to acquire a distinct reward
- The moment you have the quantity of coins necessary for that featuring, click Send, and deliver these coins to “TheBackpackShow”
- And if you get caught, just email [email protected]
And you never HAVE to deliver us the cash you get. Which is only if you want to get a little something like a backstage move or sponsorship or whatsoever. You can just maintain onto them and see what comes about with the current market.
Pretty Critical: Cryptocurrency is a extremely volatile natural environment. The price of any crypto coin can go up and down dramatically and we have no command about that. If you put in $10, you could discover $100 the following time you log in, or you may possibly find $5. It is a little bit like the inventory sector. If you’re uncertain of whether you want to try this out, it’s okay if you do not want to, and that’s really easy to understand.
The Great Aspect (So Much)
Just by Holding on to the cash (this means, you obtain $10 well worth or anything like that and do almost nothing else), you incorporate to the value of the Backpack Demonstrate community. And mainly because of that, there are even rewards.
Each and every coin has a rewards pool that can be attained weekly (and I however never truly comprehend how this all will work). So for occasion, on my personalized “chrisbrogan” account, I have coins from 7 or 8 various creators. I bought some of my friends’ coins to demonstrate support. Each 1 of people coins has the prospect to get paid some benefits, and when they do, coin holders get some of that dollars sent to their account, way too.
Meaning, you have the prospect for the coin’s price to go up and down AND you have the opportunity to receive even more benefits just for the reason that you’re holding on to cash.
(Disclaimer: I know only a small little bit extra about crypto than most of you. Find out extra if you feel antsy.)
Going Forward
While we carry on to experiment with this, there are lots of new chances to try things out. I’m working with some buddies and companions to come up with strategies to give rewards to folks just for keeping the cash, additionally ways that I can tack on worth for OTHER individuals, if you pick out to shell out them with our $BKPK coins.
For occasion, let’s say a mate is throwing a concert. You can pay out at the door utilizing their coin, or you can fork out at the doorway working with the $BKPK coin. If you pay with BKPK and clearly show us the receipt, we’ll give you further benefits just for picking out our currency as your payment technique.
A further instance is if we maintain a digital celebration, the price tag could be as reasonably priced as acquiring a tiny quantity of every single speaker’s Creator coin to get in.
And so on.
Want to Sign up for an Economic climate Experiment?
It’s all a grand experiment. It’s wayyyyy way too early to know what to make of all this. But if you want to have fun *and* aid Kerry and I and The Backpack Show, take into account finding up some $BKPK cash today.
- Go to Rally.io and make an account
- Go to the $BKPK page and click Obtain (or purchase the reward you want right)
- Possibly keep the cash and come to feel excellent about it OR simply click Mail if you’re sending coins to purchase a reward
It’s that simple! 🙂