Not an ad, genuinely want to know what you guys think of the concept! This token model is for a resale platform. Looking to innovate ethical fashion.

Uncommonn Tokens are reward points in a ‘sustainability’ program aimed at promoting recycled goods and reduced waste.

Platform users earn Tokens either by purchasing goods on the platform or by taking certain actions that support sustainability and can redeem them for goods on the platform.

Tokens will also be available on a public crypto exchange.

Users of the Uncommonn platform can be vendors or buyers, but preferably both. Uncommonn encourages users to upload information and provenance about goods they have purchased in order to promote their eventual resale. Whenever goods (new or used) are sold the vendor is obligated to award Tokens to the buyer. Vendors will be provided with a crypto-wallet and should maintain a balance of Tokens for this purpose.

Vendors may acquire Tokens in any or all of several ways:

(1) by partaking in the IEO (and thereby taking advantage of the large discount); (2) when previous customers redeem Tokens to the vendor in exchange for goods; (3) by purchasing Tokens directly from Uncommonn or from a public exchange; or (4) earning them by purchasing another vendor’s goods on the platform

Submitted August 20, 2020 at 11:59AM by UNCOMMONN_IEO https://ift.tt/325oeyW