Content pfp
Content
@
https://warpcast.com/~/channel/fabric
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Jonny Mack pfp
Jonny Mack
@nonlinear.eth
how would you feel about a product that rewarded you with liquid tokens for using it, but every time you used a competitor's product, it divided future reward distributions by 50%? idea #2: same as above but opt-in. earn 1x rewards by default or 2x for putting a ring on it
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Jonny Mack pfp
Jonny Mack
@nonlinear.eth
the idea is to trade cash money + future upside for maximum loyalty. ride or die and win
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phil pfp
phil
@phil
🚩 carrot, not stick
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Jacob pfp
Jacob
@jrf
i assume users also pay to use the product, or are they just getting rewarded with tokens for using it + not using a competitor product?
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Luciana Guerra🎩 pfp
Luciana Guerra🎩
@lucianaguerraok
❤️
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Eddie Wharton pfp
Eddie Wharton
@eddie
Often easy to use a competitor from an alt wallet And tbh, I think energy is usually better spent on finding pmf vs token incentive plans
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tomu pfp
tomu
@tomu
good incentives but hard to see if that converts into qDAU they’ll marry you cos of tokens
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Push pfp
Push
@push-
Ok I’m struggling a bit to fully understand this but it sounds interesting🤔
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SVVVG3 pfp
SVVVG3
@svvvg3.eth
i’m intrigued
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kompreni 🚂 pfp
kompreni 🚂
@kompreni
Feels like a zero sum approach to a market. Dislike Alternative: 1x rewards by using, and something like 2x rewards if you lock your rewards for some amount of time (contingent on actually using product to earn the rewards)
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dimalaba.eth pfp
dimalaba.eth
@dimalaba.eth
how do you track competitor usage by the user who committed?
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nick pfp
nick
@nickysap
The NFT platforms kinda do this already. Not much different than a traditional loyalty program, it’s just a bit more aggressive. Try it and let the free market decide.
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Juliettemeon 🎩 pfp
Juliettemeon 🎩
@juliettemeon.eth
It’s super smart, but it’d be even better if users felt like long term partners, not just consumers
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Matt pfp
Matt
@mattlee
Pwease don’t use competitor I’m scared type move
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I'm Darmian The Starceed pfp
I'm Darmian The Starceed
@musteefresh
I like the idea of rewarding loyalty, but punishing people for using competitors might turn some off. I think the opt-in idea sounds better, giving more rewards for those who really commit.
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jacob pfp
jacob
@jacob
blur did something along these lines and it was great
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Leo pfp
Leo
@leohenkels
Freedom of choice is important. What’s the incentive for the company to build a better product if not motivated by fear of churn? That being said I’ll be churning from Whoop this year because they offer no tangible rewards for being a loyal member. So maybe rewards are enough to combat this.
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df pfp
df
@df
love it, but I‘d just send to another addy and use competitor there
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bence pfp
bence
@bence
could be interesting to play w on a feature level app level absolutely not, i need people to try competitors to be reminded ours is better
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will pfp
will
@w
details matter, esp what the token represents, blah blah blah BUT if using uber or lyft exclusively gave me free access to their equity i'd probably put a ring on it. that being said, it'd give me a ton of ~anxiety/anger if the one i was married to wasn't working (or really backed up) and i needed to get somewhere..
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