New crypto currency concept revisited, and improved

new crypto currency concepts

In a recent story I posted... I explained my idea on a new concept of crypto currency as a pure form of online transaction between the buyer and the seller. I recently thought up some more ideas that would increase and improve the desirability of its useage as a form of digital currency.

In my original concept I explained that there was a1 to 1 relationship between the digital currency being used and the dollar. An example would be: 1 egscoin = $1.00 (1 dollar). A set transaction fee is charged which is 5¢, or 5% of the dollar per each dollar transacted on the goods or service being bought. 4¢ of each dollar received of the transaction fee goes to the seller. 1¢ of each dollar received of the transaction fee goes to the crypto currency company being used. " The house keeps the penny ". It is up to the seller to lure a prospective buyer to purchase using the crypto by offering perks. The 5% transaction fee never changes in a traditional transaction between the buyer and the seller, and the crypto company.

However, to make the digital currency more desirable and appealing to be used... The seller may offer a promotional reverse transaction fee for a product or service the seller is promoting.

In a reverse transaction fee transaction, the buyer instead of the seller will receive 4% off the ticketed price... If the transaction fee was set a 5%. The house, being the crypto currency co... keeps the penny difference as corporate profits.

The standard transaction fee is set by the crypto currency company, but under the sellers discretion.. The seller can offer any percentage above the 5% for a reverse transaction fee that is accepted as payment for a particular good or service.

For example: the seller lists a pair of name brand sneakers for sale at a price of $100.00. But the seller advertises that they are offering on this particular pair.. A reverse transaction as a form of payment having a transaction fee of 30%. So the buyer would go online and complete the transaction at a savings of 29% off the purchase price. The sneakers are shipped to the buyer, and the house keeps the 1¢ difference.

This is a work in progress. Constructive opinions are welcome. MH