Token Economy
BlockPark’s sister company, BlockPark Holdings, LLC. will be the token issuer and responsible for implementing the token economy in each BlockPark ecosystem.
The token economy is designed to empower owners, tenants, and businesses to earn rewards using our token platform. The use-case incentivises all its users to engage in their community and produce a stronger economic output.
Owners – Receive tokens for using the property management software and can use tokens for discounts on software subscription services.
Tenants – Receive tokens for timely rent payments and community engagement by posting on the BlockPark Messaging boards and marketplace. Tokens can be used for rent credits and discounts for any participating users in the token economy. (i.e. other tenants services and goods, participating businesses, online retailers
Businesses – Purchase tokens for advertising on the BlockPark message boards and can receive tokens for discounts on services or goods they offer. Businesses can then use the same tokens to re-invest in more advertising on the BlockPark community message boards.
Token Benefits
Incentivizing Tenant rewards for paying rent on time
Grow community engagement
Discount rewards for Property owner on subscription fees
Discounted rewards for tenants with participating businesses
Discounted rewards for businesses purchasing ad space on the BP platform
Encourages tenants to move into the building with a token economy that rewards them for being there
Incentivises owners to well maintain the building by encouraging the neighborhood to take interest in their tenants and their objectives
Increases the overall value of the property by aligning the interests of owners, tenants, and businesses in the community.
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