The PPEC Mall is the full demonstration of circulation of money. As you practice the Second Phase Simulation you will hopefully earn income as you earn Equity Points. The income from work could be used in the Mall and circulated with the coupons.
The end goal of the PPEC Mall will be to have a mall similar to the largest malls today but with no affiliate program and major distribution of wealth through circulation of coupons (work). The mall is a direct referral program. You refer individuals to the mall and if they purchase, you will receive coupons based on the difference between what you pay and they pay for the same product.
We hope to have every product and service available as the years pass. We will start out with the three Loyalty Product eBooks for Phase One, Phase Two and Phase Three. The eBooks may be on back order during prelaunch but will be available as soon as possible with the First Phase eBook being a coded version of this website linking to the prelaunch registration form and the mall when ready. You can check out the pricing of the first three eBooks under the Phases Tab.
Coupons are normalized to the value of ONE Satoshi Bitcoin and compared to Bitcoin value anytime one is created or used. This is effectively our “Mall Currency” but coupons have no real dollar exchange value. They are used to keep track of the circulation of money (work) in the mall. The coupons have a trade value in the mall and when used with any product will be converted to a dollar value at the moment of exchange; however, only the coupons are traded not any dollar value.
As example suppose you have 10,000,000 coupons which would be 0.1 bitcoin. If bitcoin were worth $400 at the moment of purchase, then you would be holding $40 to be used for purchases in the mall with vendors who take coupons.
Suppose you find a jeweler and your cost for a necklace is $90 and the jeweler accepts full coupons, you could pay $50 cash and transfer your 10,000,000 coupons to the jeweler. Later if the jeweler needed two hours of car repair and the mechanic charged $100 an hour and accepted up to 15 minutes an hour in coupons, the bill would be $200 and he would accept up to $50 in coupons. The jeweler could pay $160 and transfer his 10,000,000 coupons to the mechanic worth $40. This is true circulation of money theory using Coupons. The coupons become a representation of the work. You, the jeweler and the mechanic all value the 10,000,000 coupons at $40 worth of work.
Please remember the coupons have no real value other than for what all agree they will trade their time and products. You cannot directly trade your coupons for dollars. Also since they are normalized to bitcoin, the value of the 10,000,000 coupons constantly change. We could have used any currency to equate the coupons to for reference but we needed a decentralized coin as explained in the eBook. Because of the large value we would be holding in relative coupon value, we cannot tie the points to a fiat currency like the US Dollar because all of a sudden the points could be worthless because they keep printing money as explained in the circulation of money. If bitcoin becomes to unstable, we could always create our own decentralized currency to reference our coupon value. Imagine the bitcoin to coupons is similar to gold backing a country currency.
Individuals earn coupons in three major ways. The first was discussed above, the individual sells a product or service and accepts coupons or a combination of coupons and cash. The second major method is through difference in customer ranking using Normal Coupons and the third is through Loyalty Coupons by converting to an instant rebate or normal coupons on expiration.
Normal coupons are created when there is a difference in rank between the customers. If one customer buying is a Retail Customer and the referrer of the customer was a Sharing Customer the Sharing Customer would get the normalized value of coupons based on the difference in price.
As example suppose we have a necklace selling for $100 retail with:
Retail Customer buys for $100
Sharing Customer buys for $90
Premium Customer buys for $80
Loyalty Customer buys for $70
If the customer is a Retail Customer and the referrer is a Premium Customer, the Premium Customer will receive $20 of valued converted to normalized coupons say 5,000,000 coupons using the conversion as in the previous example. If they were both Premium Customers the buyer would pay $80 and there would be no coupons earned by the referrer.
Loyalty Coupons – The buying customer is connecting to the provider of the coupon.
Loyalty Coupons are provided by special merchants who require specific actions. As example, a jewelry store might give $20 in Loyalty Coupons with the condition that if the buying customer immediately signs up on the customer list of the jewelry store, they will get a cash rebate paid to their bitcoin wallet. If the customer DOES NOT sign up, the Loyalty Coupon turns from a cash rebate to the customer into a normal coupon payable to the referrer of the buying customer.
Note: In all cases, if the referring customer is not a Loyalty Customer, the Loyalty Coupon will pay to the PPEC Mall. The referring customer must be a Loyalty Customer to receive the Loyalty Coupon which will be converted to a Normal Coupon.
A product can pay Normal and Loyalty Coupons on a single sale. As example, the buying customer may be a Retail Customer who did not sign up in our mall but takes action on the Loyalty Coupon and signs up with the jeweler. He then pays $100 retail, but for signing up with the jeweler he receives a $20 rebate to his bitcoin wallet.
The jeweler may still pay the same discounts as above. If the the referrer was a Loyalty Customer he would receive the $30 difference. If the Retail Customer did NOT sign up with the jewelry store, the referrer would receive the $30 normal coupons and another $20 normal coupons from the converted Loyalty Coupons.
If the Retail Customer did not sign with the jewelry store and the referrer was a Premium Customer, the referrer would receive $20 normal coupons but forfeit the $20 Loyalty Coupons to the company.
The moral of the story is to become a Loyalty Customer.
Coupons Incentives for Potential Customers
Customers can give coupons to prospective customers. Their coupons available will decrease by the amount given away until they have none left to give. However, after the set expiration date, if the prospective customer does not use the coupons they will be returned to the Customer who sent out the coupons.
The new customer may use the coupons to purchase any product available for purchase with normal coupons.