Hello my dear empowr citizens,
As we discussed a couple of days ago, at empowr we are on a mission to help uplift half of humanity up and out of poverty.
In order to accomplish our mission, we must continue to improve our ability to educate our newest citizens.
Of course we are growing our success coach program.
And we are growing each success coach’s abilities and tools.
But relying only on our success coaches will never be enough. As they say, “it takes a village to grow a child”.
Therefore, moments ago, we have launched the ability for our citizens to chat with each other.
Using chat, we can now all do our part to educate our citizens when they have questions. When our community is better educated, they make for better customers, product and service providers and all-around better citizens to be around.
How it works
All of us can now reach out to anyone in our circle of trust that is online right now:
The only requirement for 2 people to chat with each other, is that they must have each closed 2 loops with each other. As soon as the 2nd loop is closed (both ways), we’re able to chat with each other.
Our new currency exchange is fantastic!
And finally, if you haven’t yet tried out our new currency exchange, be sure to get going! It is so nice and stable, and simple to use!
Go here to learn how to use the new exchange so that your cash outs grow by up to 10 times larger AND you’re earning up to 7% on all your trades!Last time, we discussed the merits of focusing on BOTH trading volume and stable price for our coin...
... and asked for your thoughts and votes on whether we should limit rewards for trading to trades that happen within the specific target price range.
It seems like just about everyone mentioned that they approved of that approach.
If you’re just joining the conversation, you can start with Part 1 of this conversation to getcaught up.
In addition, in parallel, together we conducted a little experiment to see -- if we awarded citizens for conducting trades within the target range -- if we could move the coin’s price.
The experiment had 2 phases:
In phase 1: We shot for a sudden 30% increase in the price.
The results were that about half of the trades happened at the target price, and the other half at the lower price. Notice how choppy the price line was during Phase 1 of the experiment:
Overall, we were pleased with the results.
The lesson learned was that, if we shoot for too high a jump all at once, it’s too easy for a person or two to take advantage of that price difference, especially when everyone is not aware of the huge rewards in place for trading with the range.
In phase 2: We shot for a smaller increase in price: 10%.
As you see in this image, it was much easier to succeed in Phase 2. Notice how little choppiness the line has in Phase1
Conclusion
As a result of your thoughts, ideas, efforts and votes, we’ll be permanently adding rewards for trading that happens within a target range.
The good news is that, to reach our goals, during our growth phase our target price range will never need to reach 30%...
... or even get close to 10%...
... so we can be much more confident that it will be easier to trade within the range.
In addition, as everyone gets more comfortable with trading...
... and the thousands of new citizens that are joining empowr every single day...
... begin to be taught to trade by their Success Coach...
... with the Success Coach team now preparing to do an amazing job at training everyone to trade...
... the volume of trading will be much greater and it will be much easier to trade with the range.
So, on that note, we’ll now end the experiment. Thank you everybody!
Everyone that participated has earned bonuses for their trading...
... and you earned double bonuses for all your trades that within the target range.
NOTE: The ‘double’ part of your bonus will be deposited in your balance in the next 24 hours.
What’s next?
empowr engineering is on track to roll out the trading history page tomorrow, which will include the target range and more:
We will give you a full update, and reminder on everything you need to know, when it is live.
Thanks again to everyone for all your assistance this last week with the trading volume, as well as the experiment!
(Thanks to your efforts and the resulting increase in trading volume, the coin’s price has risen by over 50% in the last 4 days):
I am extremely proud of how the community came together to achieve these many learnings, results and now permanent solutions that will be serving us for a long time to come.
Remember, to continue growing the trading volume and value of our coin...
... we must all get in the habit of trading daily.
As a reminder, everything from bidding credit in Daily Goals...
... to the size of your (up to 10 times larger!) cash advances...
... to substantial bonuses for trading...
... are all tied to trading.
(The cash advance part is not yet live but will be in a few days).
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