As homework this week we had to research & create a slide on a system of exchange that we could use in our marketplace instead of capitalism.
Tokens
What is the system and how does it work?
Everyone starts with a set amount of tokens, stall holders will receive more when their product is purchased.
Split the amount of stalls so some provide a product where it is ‘experience based’ (where customers can earn tokens) and other stalls provide products such as food, items etc. (where they can purchase using their tokens).
Have someone from marketing group (if we have one) walking around who will ask survey questions to the public and in return they can receive tokens (e.g. 10).
When you enter the market, you can be put in the draw to win a prize. So everyone can be a winner :)))
What is being exchanged and how/by whom is its value determined?
By the stall holder as they get to pick how much they would like to sell their product.
Pros/Opportunities
You can potentially win something in the end. Word of mouth - cool event lol
Encourages people to talk and do surveys
Cons/ Challenges
Commitment to earn the token in order to enjoy the overall marketplace concept.
If the public are not outgoing or keen it wouldn’t work out.
Cost and Material
Will look into it further in regards to materials to make the tokens
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