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RE: CouponCoins LAUNCHED! Buy This Monero Detail With Steem!! (Introducing mycouponcoins.com)
So the CouponCoin is basically backed by the retail of the product and not by the product itself. Nothing wrong with that. If the retail chain is strongly established than that actually is a pretty solid backing.
I would like to read more about the coin before making anymore observations.
I am also assuming that with a collection of large enough coins we would be able to purchase products from that store or we would be able to sell the tokens. This seems quite an idea actually. Thanks for the info.
Thanks for the interest! And yea its a relatively unique concept. Perhaps I will draw up a white paper for the project as well for clarity. Basically they are store credits that fluctuate base on our current sale price. But yes if a customer works up enough points and buys at they right time they could end up with a ton of free merch! we are also looking for retailers that might be willing to participate.