Subscription Model

Cryptokek Forum Forums Community Proposals Subscription Model

Viewing 9 posts - 1 through 9 (of 9 total)
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  • #3190
    Silverchronos
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    I really like the idea of a positive inflow and personally I think the subscription idea for tier 1 or perhaps a new tier made just for it is great.

    I believe many people would want to test some of the fancy features of the software before spending alot on it. others would just be content paying monthly, especially if the price of kek goes way up and we don’t change the tiers fast enough.

    A subscription would give us the kind of inflow needed to support a good advertising campain and possibly pay for listing fees on some of the more “exclusive” exchanges.

    If we went this route, I personally would rather see the fees put into a fund for growth, advertising and developmemt.

    Once that has done its job and we have a solid base of users and a fairly stable income. Then we could have a set amount to keep in the fund for future development and advert campains and pay the rest out monthly to KEK holders. Maybe like a div sort of thing based on KEK token holdings over the previous month.

    I believe it would be a good idea to take these subscription payments in both eth and stablecoins for versatility and stability.

    I see this as a good pathway to a continually funded project as well as growth + income for its investors.

    #3191
    Ruslan
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    Yes, I’m agree that the subscription model is a very good idea. Not only tiers with holding tokens.
    So, we have ideas: 1) “talent tree” system; 2) NFT subscription; 3) subscription as in dextools or as you said.

    Brainstorm is needed to understand which model is better. I think, that the tier system should co-exists with the ideas above (but don’t know about talent tree), but the price should be much higher, like now. If I want to get revenues, if I’m a truly believer, I choose tier and I will certainly promote to anyone the web service to benefit myself in the future. If I don’t want to spend a lot of money in one time, I can buy subscription, but I won’t get all benefits (divs, gifts etc).

    Product should have many choices of subscriptions, but not necessary to develop them simultaneously from the start. It’s better to start from simple to difficult: from eth and stablecoins to NFT etc. Of course: 1 month (without discount), 3 months (small discount), 6 months (medium), 12 months (good discount).

    Speaking about tiers hodlers. I think, possible revenues should be higher if they will put their tokens to LP. Math needed to find out better revenue ecosystem.

    I’ve just thought, that you can provide 3-12 months of subscription to shillers if they’ll promote the service (depends on how they do it, how is big audience etc).

    In future, maybe referral system will be a good idea to hodlers.

    But now it’s better to start from simple.

    #3196
    Silverchronos
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    Just kinda playin with numbers here
    Say we had a subscription tier that charged 50.00 a month. From month to month we averaged around 20,000 subscribed users. that would be 500,000.

    I think there would be 68M kek eligible for the monthly payout. Our 50M + 18M that’s vested once it is all unlocked.

    So 500,000.00/68M is 0.00735 per KEK
    A tier 1 holder at 100k KEK could get a monthly payout of 735.00.

    People would hold just for the divs
    A payout that high would blast the price of KEK to the moon.

    I just don’t know if my out of thin air subscriber number is way too high or way too low.

    #3197
    Ruslan
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    Too high for this year. Also part of revenue from subscription can be used for buyback kek.

    #3199
    Silverchronos
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    Yes 50 may be a bit high especially if it is really limited like tier 0.5

    wouldn’t want to set it too low though. Would be best if we never had to change it.

    What do you think is a fair price point that people would be happy with?

    I think if we do a KEK buyback program we stifle peoples ability to gain tier 1+ access. Unless ofcourse we were buying them back to place on an exchange. (Not really sure how that works)
    We wouldn’t want to cut out opportunity by removing KEK from supply

    It seems to me with the hard cap on available KEK the price would drive up it self. We shouldn’t have to push it much. Just sell the hell out of the platform once Kektics releases.

    #3200
    Ruslan
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    No, I mean that 20000 subscribers is too high number for this year.

    Fair price will depend on access to the features. Maybe, 1 month access to Tier 1 (or with limited features) – 120 USDT/month (300 USDT for 3 months, 500 USDT for 6 months etc). We should check competitors and make prices a little bit cheaper.

    Speaking about buyback, yes, team buys kek tokens from uniswap and put them to uniswap LP.

    #3207
    Silverchronos
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    Ah I understand
    Yeah for this year I wouldn’t expect those numbers. In a year from now maybe.

    say the software comes out of beta and we use the inflow for our advertising and development before buybacks or payouts. I don’t see a reason why over time Cryptokek couldn’t become like the Bloomberg of the crypto space. Small steps in the right direction will lead us where we want to go.
    Rapid growth is expensive and we may want to spend so much on it that it could hurt the vault.
    Thinking about it I don’t recall ever seeing a commercial for a crypto dash on tv or streaming services. wouldn’t it be nice to have a fund where we could entertain campaigns like that.

    #3210
    Jayco
    Keymaster
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    “Rapid growth is expensive and we may want to spend so much on it that it could hurt the vault.
    Thinking about it I don’t recall ever seeing a commercial for a crypto dash on tv or streaming services. wouldn’t it be nice to have a fund where we could entertain campaigns like that.”

    I agree on hurting the vault early. Everyone wants big marketing right now, but that typically has a high cost. I believe it’s more important we focus on development, and once we have solid product, start pushing.

    Someone suggested earlier in chat to open a gofundme, or another crowd sourcing method. This is not a bad idea. We will likely be applying for some grants soon to cover day to day operational cost.


    Putting work into the basedment. Call me the candor man.

    #3214
    Silverchronos
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    I agree we should focus on development to start off with. A subscription tier wouldn’t be possible untill Kektics was out of beta and ready to go. Funds from subscription wouldn’t start to build umtill we were ready to think about more expensive advert campains.

    I’m not saying buy a TV spot today… I’m saying start to save extra ontop of the vault so when we are ready we have the available funds independant of KEK price.

    The more I read the more I see crypto being adopted everywhere. I believe that we will have more competition in the next year (2022) as other projects launch. Wall Street is on the way, the big brokerage firms are coming and we will have to compete with them. we have an edge with the early start and now we just need the funds. I don’t think the vault alone will be enough.

    I see a level 0.5 or something subscription tier as a strong way to greatly boost our ability to spend when the time comes.

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