The other day, Kerry O’Shea Gorgone and I released a new cryptocurrency referred to as the Backpack Display Coin (or just $BKPK, if you want to be like the great youngsters). It’s built by a firm referred to as Rally and was element of a venture they launched termed Creator Coins. The strategy is that if you nurture a group like we do all-around the Backpack Clearly show, then you could build your possess micro-overall economy and invite participants and users of that neighborhood to invest in, market, maintain, and trade a special currency.
What does ANY of that necessarily mean?
At the maximum degree, “Hey, if you buy $BKPK cash, it supports the Backpack Display, but also, you get the advantage of potentially earning even even further benefits than you would if you just despatched in common funds. WE get a reward for you obtaining the coin, but you ALSO get a reward for holding it. Form of like two folks benefiting alternatively of a single.
A minimal far more “in the weeds:” cryptocurrency, you’ve maybe already read about. Cash like Bitcoin or Etherium or the currently popular “Doge coin” are other kinds of cryptocurrency. So, the $BKPK coin is basically a tiny decentralized (this means all people has manage of it, not just just one man or woman) software to pass value (in this circumstance, money) back and forth between folks who acknowledge that style of forex.
What can we do with the cash?
You can purchase sponsorship places on the demonstrate, backstage passes, unique intensely discounted non-public coaching, and far more. We’re performing up extra and extra offerings and techniques to have enjoyable with the coins as we communicate.
What do you want me to do?
We can tactic this two means. I shot a small online video for you, but I’ll explain it right following the video clip, also.
There are just a several ways to the method:
- Established up a absolutely free account at Rally.io
- Come across the Backpack Show coin web page.
- Purchase some cash if you want to just maintain on to them. (Click Purchase) OR
- Click on a person of the offerings like “Buy a Electricity Hour of Coaching” to purchase a distinct reward
- Once you have the quantity of cash necessary for that supplying, click Ship, and deliver these coins to “TheBackpackShow”
- And if you get stuck, just electronic mail [email protected]
And you don’t HAVE to mail us the coins you obtain. That is only if you want to obtain a little something like a backstage go or sponsorship or whichever. You can just keep on to them and see what occurs with the market.
Extremely Essential: Cryptocurrency is a extremely unstable surroundings. The worth of any crypto coin can go up and down substantially and we have no handle in excess of that. If you put in $10, you may find $100 the future time you log in, or you may discover $5. It is a little bit like the inventory sector. If you are not sure of whether you want to check out this out, it is okay if you really don’t want to, and that’s really understandable.
The Great Component (So Much)
Just by Holding onto the coins (indicating, you invest in $10 truly worth or one thing like that and do practically nothing else), you insert to the value of the Backpack Exhibit neighborhood. And since of that, there are even rewards.
Just about every coin has a rewards pool that can be earned weekly (and I even now really don’t seriously understand how this all operates). So for instance, on my personalized “chrisbrogan” account, I have cash from seven or 8 unique creators. I bought some of my friends’ coins to exhibit guidance. Every single a person of those people coins has the likelihood to gain some rewards, and when they do, coin holders get some of that funds sent to their account, as well.
Which means, you have the chance for the coin’s benefit to go up and down AND you have the possibility to generate even far more rewards just for the reason that you’re holding onto coins.
(Disclaimer: I know only a small little bit extra about crypto than most of you. Master extra if you really feel antsy.)
Although we keep on to experiment with this, there are plenty of new options to consider things out. I’m working with some close friends and associates to appear up with methods to give benefits to people today basically for holding the coins, in addition strategies that I can tack on value for OTHER men and women, if you decide on to pay back them with our $BKPK coins.
For instance, let’s say a pal is throwing a live performance. You can shell out at the doorway applying their coin, or you can fork out at the door making use of the $BKPK coin. If you fork out with BKPK and display us the receipt, we’ll give you further benefits just for deciding upon our forex as your payment system.
Yet another occasion is if we maintain a digital event, the cost could be as inexpensive as acquiring a smaller sum of every single speaker’s Creator coin to get in.
And so on.
Want to Sign up for an Financial state Experiment?
It is all a grand experiment. It’s wayyyyy much too early to know what to make of all this. But if you want to have fun *and* aid Kerry and I and The Backpack Present, take into consideration picking up some $BKPK cash today.
- Go to Rally.io and make an account
- Go to the $BKPK page and click Get (or obtain the reward you want immediately)
- Either maintain the cash and come to feel great about it OR click Send if you are sending cash to invest in a reward
It is that straightforward! 🙂