Nature, creation and rules of exchange of Repoint currency.
WHAT IS A REPOINT?
Repoint is an exclusive Eyezon token that allows Eyezon users to account for and exchange value between themselves and with the Eyezon app’s internal and external commercial partners. Repoint is the only currency in which Eyezon users can legitimately account for and exchange value within the Eyezon app.
Repoint as a currency is convertible to any kind of goods or services based on exclusive agreement between the Eyezon user parties, without the Eyezon team participating in the exchange in any way.
All agreements between Eyezon users that imply exchange of Repoints are to be created and executed within the Eyezon app, in order for the Eyezon team to be capable of accounting for and resolving any possible disputes.
Repoint currency is created exclusively by Eyezon users while outsourcing each other’s eyes.
Each stream provided by the user to another user is rewarded by 10 Repoints that are created and delivered to the streamer’s wallet automatically at the end of each streaming session.
If a stream session is done for more than one user, the streamer’s reward will be multiplied by the number of viewers for that particular live stream.
While there are other ways in which users can acquire Repoint tokens, streaming sessions are the only way in which Repoints can be generated by Eyezon users out of nothing, which effectively makes streaming a mining tool for creating and acquiring new Repoint tokens within the Eyezon ecosystem.
This way we provide the most transparent and righteous balance of Repoint emission possible – each Repoint is created by the actual engagement of a minimum of two users and it represents a real exchange of value and use between users.
While the Eyezon team retains the right to emit new Repoints into the system, the only way in which the team can do that is by providing app partners with new Repoints based on the actual value of products and services that they will be ready to exchange for Repoints with Eyezon users.
Agreement between parties is sealed by creation of special redeemable coupons by the offering party and purchase of this coupon by the acquiring party in exchange for personal Repoints.
Any Eyezon user, commercial partner or private user, can create such a redeemable coupon in Eyezon EyeD section and offer it for purchase in Repoints to other Eyezon users through Eyezon coupon store.
All terms of coupon purchase and conversion of the coupon into goods or services are written in each coupon terms of usage created by the offering party – products or services that it grants, locations where it can be converted, any special conditions of conversion and coupon expiry date.
All disputes about coupon conversion into products or services provided by the offering party are resolved by Eyezon team, upon complaint’s or report’s from any of the parties.
The Eyezon team is not held responsible for providing products or services within the promises of terms of coupon purchase and usage by the offering party, therefore penalties for offering party failure to deliver promised values are confined to returning the spent Repoint back to the purchaser and/or suspending the Eyezon account of the offering party.
User can offer any number of Repoints to any other user within the Eyezon app for acquiring any information in form of either live stream, or video, audio and text information.
Users are to make a Repoint reward offer within their search request and this offer will be the basis for resolving any dispute between users in case that the promise was not kept.
Also, users can create a Repoint reward offer within the live stream session for stimulating a streamer to give more information about the place or topic of their interest, and in this case, their text or audio comment with a Repoint reward offer along with the recording of the stream session will be the basis for resolving any future disputes.
Repoints can be rewarded to another user voluntarily, without making a previous offer, by using the Repoint feature within the app interface.
Number of Repoints that can be rewarded by an Eyezon user are solely restricted by the amount of Repoints that the given user has in his wallet.
All rules and policy are subject to change by Eyezon at anytime.
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