We are reinventing loyalty and reward programs into self-funding growth networks. The first rewards program that rewards both buyers and sellers and makes it possible for the interests of all parties to be aligned like never before.
The Sweetbridge Economic Game:
An economy is like a game. The rules of the game are like the laws or regulations of most real-world economies.
Sweetbridge turns buying and selling into an economic game that provides new ways to increase assets and decrease cost. Anyone can participate simply by buying and selling through a Sweetbridge-enabled wallet.
The goal of the economic game is to grow the network. Growing the network increases the value of each Sweetcoin (SWC) by increasing the amount of cashback per SWC you own. The faster the network grows the more valuable SWC cashback will be in the future.
The game is designed to motivate:
- Sellers to give bigger discounts to buyers so they earn more SWC
- Buyers to buy SWC from businesses to get cashback to lower cost
- Everyone to encourage others to participate to grow the network
The Sweetbridge network is designed to reward participants when their suppliers, customers, friends, and neighbors start using Sweetbridge-enabled wallets.
How it Works:
A business joins the Sweetbridge rewards program and commits a percentage of their revenue from each transaction that occurs using a Sweetbridge wallet or card to the Sweetbridge reward pool. They can choose the percentage they give. It could be as low as 0.01%, or as high as 100%.
At the end of the month a few things happen:
First, the SWC Cashback Value for that month is calculated. This value is determined by dividing all the money in the reward pool by the number of SWC allocated for cashback by the users that month. If there is $30M in the reward pool, and 30M SWC allocated for cashback in Sweetbridge wallets, then the discount value of SWC for the month is $1.
Second, 50% of the money in the network pool is distributed to members who shopped with Sweetbridge Sellers that month. The maximum amount they can get is the Cashback Value of the SWC they allocated to cashback. If the Cashback Value of SWC is $1 that month, then they can get $1 for every SWC they allocated for cashback up to the amount they spent on in-network purchases. This means that only those using the network benefit from the network. This applies even to the interest on loans. Even if you don't buy something from a Sweetbridge Seller, you could take out a loan that month and get cashback for doing so.
Third, the other 50% of the reward pool will be distributed back to the Sweetbridge Sellers. Half of what a Seller contributed for each transaction that occurred using a Sweetbridge wallet or card will be returned to them. If the seller has any clawbacks, claims, or past due liabilities against their account, these are deducted from this amount or set aside until the dispute is resolved. This is designed to create added stability in the system and minimizes risk.
Each month Sweetbridge Buyers are rewarded with cashback and Sweetbridge Sellers are rewarded with more loyal customers and a new revenue stream. How does our rewards program create new revenue for Sellers? If your business contributes more to the Sweetbridge network each month, you will be rewarded with SWC. You can sell your SWC for cash, hold it for later use, use it to get your own discounts from suppliers within the network, or redistribute it to your loyal customers as a greater reward incentive.
Read more about Sweetbridge benefits for:
Make your money go further Buyers
How can we help?
In the Sweetbridge network you can get the money you need to buy what you want at little or no cost.
Buying goods and services in today's economy can feel like a juggling act. You try to stay within your budget, find the best deals, and ensure that your money goes as far as possible towards meeting your needs, but there always seems to be more month than money. Sweetbridge can help.
Get cashback on your purchases
Any purchases you make with Sweetbridge Sellers, and the interest on loans you take within your wallet, provide you with cashback. The amount of cashback you can get is controlled by the amount of Sweetcoin (SWC) you own. The more you own the more cashback you receive. This means if you own enough SWC you can get 100% of your interest and all of the money you spent on in-network payments back each month. This is dependent on the size of the network and how much members spend in-network each month. At the start of the network, each SWC is worth $0.07 in cash back per month. That means if you own 1,000 SWC you get up to $70 in cashback each month on in-network purchases.
Lower your future costs
Sweetcoin (SWC) is an asset that you can allocate to receive cashback and other benefits. You don't spend it, you simply hold it and indicate in your wallet that you want to use it for cashback versus collateral, insurance, or stake in the network. If you no longer want this asset you can sell it to someone else that can use it to get cashback themselves.
Earn SWC even if you can't buy it now
Even if you don't have the money to buy Sweetcoin (SWC), you can earn it by using in-network purchases through your Sweetbridge wallet. How does this work? A Trust Intermediary 'rents' their SWC to you. Essentially, they let you use their SWC for cashback and in exchange you give them a portion of the cashback you get at the end of the month. The rest of your cashback goes towards buying SWC. In this way, you get the ability to buy SWC through your in-network purchases. Anyone who owns more SWC then they can use for benefits and rewards themselves can be a Trust Intermediary. They can get the benefit of part of your cashback purchases, while you can earn SWC through your in-network purchases. Both parties benefit.
In the new Sweetbridge network, buyers and sellers don't have to be at odds. We can create an economy where everyone wins, an economy with a level playing field where everyone can access money when they need it.
Sweetbridge is open-source and member-run with a mandate to give 10% of all the Sweetcoin to initiatives focused on economic education and economic development in depressed regions.