The NetVRk Pool
To create a financial ecosystem that operates better independently, and grows dynamically, while providing high-end services, security, and benefits for users, XMOD, INC. includes a financial pool in the heart of the NetVRk ecosystem.
The NetVRk pool has many benefits for the system and its users. It will provide a more stable ecosystem and economy than a simplified one that is not utilizing the advantages of blockchain technologies , and provide its users clear benefits with their financial and social interactions, while increasing the long-term value of the XMOD token, and the usability of its NVR currency.
To maintain the following core services, a portion of the pool will be set aside for the pool’s operations. The amount set aside (residing under the “minimum threshold” shown in the diagram below) will be determined dynamically by the system, and will change based on system activity, system projections, and historical data. This amount will provide the funds for the “Instant Exchange” service, the Rewards system and the buyer protection feature. XMOD token holders’ allocations will be based on the remaining amount in the pool.
Automated Rewards System
NetVRk will create a rewards system to incentivize creation, content and socialization. Generated traffic and interaction with the environment’s content will count toward rewarding the owner of the environment. The pool’s funds will also be allocated to fund the reward system.
Some services and financial interactions throughout NetVRk will include a fee. The fees will be in the form of XMODs if XMODs are used directly, or converted to XMODs if users spend their existing holdings in the form of NVRs. Economic activities will include peer-to-peer, peer-to-business and peer-to-system interactions.
The goal of creating such a pool is to maximize the users’ benefits from the ecosystem, while managing revenue within this autonomous system . The pool’s funds will be allocated to XMOD holders based on their holding’s percentage of the total. This will allow users to share the growth of the economy from pretty much day one. Although users will be incentivized to keep their allocation in the pool, once the pool reaches a certain minimum size, holders will be able to withdraw their allocation up to that minimum.
This feature adds clear, intrinsic value to the XMOD tokens, unlike most other coins and tokens available, due to its ability to generate an income by simply holding tokens in one’s wallet.
Participating in these benefits does not require one to enter the NetVrk VR platform. Indeed, access to one’s account and managing one’s allocation will be done by simply accessing management tools through web and mobile applications.
The following are some examples of scenarios that will result in rewards:
- The daily and monthly amount of active users in the environments the user has created.
- The ranking from NetVRk users for user generated content.
- The success of added items by the user to the virtual and retail marketplaces.
- The system and its users derive economic benefits from user’s action in NetVRk for the system and its users.