em i nent
Meaning “respected”; and as an attribute of a person, it represents a positive quality that is noticeable. EMINENT is what BeepBeep Nation users should aspire to be when they use the app.
Both requestors and helpers are able to increase their Beep Rank and receive verified status, giving them the ability to perform secure transactions with their accounts by staking EMN tokens in their accounts. By staking their tokens, requestors can get preferential services.
Transactions can be settled in the form of EMN tokens and are done between the parties themselves. This is a form of escrow and secured payment method. In the event there is a dispute between a requestor and helper, this amount can be clawed back and returned to the requestor if it is determined the helper is at fault.
BeepBeep Nation will encourage payment in EMN tokens for all services, in a B2C or B2B environment at a 10% - 50% discount, valued at a market value on major exchanges that EMN tokens will be listed on.
BeepBeep Nation requestors can offer to pay helpers a Gratitude Tip for help rendered. To make the payment cashless, seamless and more convenient for users, the EMINENT (EMN) token will be created.
Helpers who provide their time, skills and knowledge to requestors upon being asked certainly have high positive qualities. Certain helpers could even be famous and respected within their particular sphere – and if they’re not yet there, BeepBeep Nation could be the catalyst for them to aspire to be so.
We will be adding an e-wallet to the BeepBeep app to enable users to store their EMINENT tokens which they can use to pay other helpers, or purchase any product or services in the BeepBeep app.
Requestors can send Gratitude Tips to their helpers by simply tapping a single button, without needing to know the helpers’ public key to their e-wallet, once help are rendered by the helpers. This saves the requestors from having to request for the Helpers’ QR code, or public key address, or online banking details.
As the BeepBeep app grows its user base, the EMINENT token will be used more and more and will increase in value over time.
REWARDING POWER USERS
Free credits will be rewarded to first time users and when they refer a new user to sign up.
Users will be randomly selected to judge disputes between requestors and helpers, in exchange for rewards. Only users with high ratings and verified status will be chosen for this task.
The top tier 5% of verified users will be rewarded with EMN Coins on a regular basis, based on the number of requests sent out, and the number of requests they respond to.
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