Daniel.Kositzke
over 1 year ago  Karma: 20
Karma to ERC20 Token - Exchange Rate

What is the exchange rate from Karma points to ERC20 tokens? Is this exchange rate always the same, or will the rate fluctuate over time?

ERC20
Karma
Tokens
Loom Network
Daniel.Kositzke
over 1 year ago  Karma: 20
Karma to ERC20 Token - Exchange Rate

What is the exchange rate from Karma points to ERC20 tokens? Is this exchange rate always the same, or will the rate fluctuate over time?

ERC20
Karma
Tokens
Loom Network

2 ANSWERS
dainiusdainelis444
over 1 year ago Karma: 171

Yeah, I have the same question! Waiting for replies :)

Yeah, I have the same question! Waiting for replies :)

quiveringsphinx

Also curious as to how it's determined.

Mar 23 '18 at 1:27 am
jamesmartinduffy2
over 1 year ago Karma: 457

This site is kind of an experiment in progress, so we haven't worked out all the economics yet.

One way we plan on giving the token value is with a DelegateCall job board, where employers can pay in USD, but if they pay in DelegateCall tokens they get a significant discount. Employers will be able to buy these DelegateCall tokens from users for ETH, thus users will have an outlet to sell their tokens and earn money for their contributions to the site.

Whether the tokens are fixed to a certain USD value ($0.01, for example) or if the rate fluctuates over time, we haven't decided yet.

But know that we're interested in rewarding and supporting our user-base, so we'll be working to make this work in your best interest! Your suggestions and ideas are welcome.

This site is kind of an experiment in progress, so we haven't worked out all the economics yet.

One way we plan on giving the token value is with a DelegateCall job board, where employers can pay in USD, but if they pay in DelegateCall tokens they get a significant discount. Employers will be able to buy these DelegateCall tokens from users for ETH, thus users will have an outlet to sell their tokens and earn money for their contributions to the site.

Whether the tokens are fixed to a certain USD value ($0.01, for example) or if the rate fluctuates over time, we haven't decided yet.

But know that we're interested in rewarding and supporting our user-base, so we'll be working to make this work in your best interest! Your suggestions and ideas are welcome.

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