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Cash.Fi will monetize in ways that enhance and improve the Cash.Fi experience.
Advertising: Small businesses will be able to advertise on the Cash.Fi Map. They will need to provide a discount to appear on the map to give Cash.Fi users encouragement to support a local business rather than a chain. It costs nothing for a local business to appear on the Map, but their offer must go through an approval process. When Cash.Fi users check-in the small business, the small business will pay to Cash.Fi platform per check-in. This business model is like online advertising CPA. Then, small businesses can effectively promote their stores because they only pay for actual customers to come.
In addition, When Cash.Fi users redeem the small business for X SRT, the small business will recieve the SRTs. This flips the struggling business model of Yelp upside down. Instead of a business paying to appear on a platform, Cash.Fi pays the business to appear. we will allow businesses to redeem SRTs to even further boost the visibility of their offer on the Cash.Fi Map. Allowing businesses to redeem SRTs to boost themselves helps take SRTs out of circulation and is another way we establish strong tokenomics.
Digital Collectibles: Cash.Fi Trailblazers are the first digital collectibles offered for sale on Cash.Fi. For 0.0X ETH, users can mint a 1 of 1 NFT of a real-world place. Users want to collect places because they will receive SRT from the Cash.Fi treasury when other people make checkins at the places they virtually own. The more places a user owns, the more potential passive SRT they can earn. We will collect a 10% royalty when Trailblazer NFTs are resold.
We also intend to build tools for local businesses to do their own NFT drops. In return, users will receive some sort of loyalty incentives (such as a free coffee each day at a coffee shop). We will do a revenue split on the initial drop and also take 10% of the royalty collected by a business when NFTs are resold (e.g. a coffee shop takes a $100 royalty on a resell, we will collect $10).
Other Monetization: We expect other monetization models to come to fruition in the future. All monetization on Cash.Fi will always enhance the Cash.Fi app and ecosystem for all users.