We would like to propose a suite of innovative features designed to enhance user engagement, streamline transactions, and drive growth. Central to this initiative would the integration of a proprietary token, Vexcoins, alongside features such as live online bidding, blind bidding, and a “make me an offer” function. These enhancements can be crafted to offer a dynamic and engaging user experience.

The bidding and offer proposals below can be incentivised by offering the seller increased exposure in the Vexapp feed. More eyeballs on the sellers product.

1. Vexcoins: Powering the Vexapp Ecosystem

• Streamlined Transactions: Vexcoins enable quick and secure transactions within the Vexapp ecosystem, reducing reliance on external payment processors and minimizing fees.

• Rewards and incentives: Vexcoins can be rewarded to users who refer the app, sellers accounts can be credited with Vexcoins through a rewards programme based on video quality and other metrics. Content creators who build a large following can be rewarded. The Vexcoin system could open up a number of interesting paths including subscriptions and potential ties up’s with other online platforms.

• Enhanced User Engagement: By purchasing Vexcoins, users invest in the platform, fostering loyalty and encouraging repeat activity.

• Gamification and Exclusivity: Ownership of Vexcoins can exclusive features, enhancing the user experience through gamification and incentivising ongoing participation.

• Vexcoins will be purchased in bundles and we will motivate users to keep Vexcoins in their account.

2. Live Online Bidding: Real-Time Market Dynamics

Introducing live online bidding brings the excitement of traditional auctions to our digital platform.

A live “hour” of bidding can be proposed by the seller – timing of this window could be AI determined. If the seller opts for the “live bidding” option, buyers can register and indicate a time that would suit. A notification can be sent to potential buyers once an optimum time is established. 

• Increased User Engagement: Real-time auctions create a dynamic environment, encouraging users to spend more time on the platform.

• Competitive Marketplace: Live bidding fosters competition, potentially increasing final sale prices and benefiting sellers.

• Vexcoin Integration: Participation requires Vexcoins, driving demand for the token and keeping transactions within the platform.

3. Blind Bidding: Strategic Purchasing Experience

Blind bidding adds an element of strategy, with users submitting bids without knowing others’ offers.

This would be a promoted time window with no interaction between Buyer and Seller. The advert goes “live” with a countdown window. When the window closes the seller can have sight of the top ten offers and choose to make contact with the bid that suits them best (geographical etc)

We could implement a rule that if sellers want to go blind bid, their minimum price must be set at a price lower then a straight selling option.

• Gamified Experience: This feature enhances excitement and engagement, as users strategize to secure desired items.

• Optimising Seller Returns: The unknown competition can lead buyers to bid higher, potentially increasing sales prices.

• Exclusive Access: Available only to Vexcoin holders, encouraging token purchases and platform investment

• Vexcoin Integration: Participation requires Vexcoins, driving demand for the token and keeping transactions within the platform.

   

• Blind Bidding can also have a traightforward “make me an offer” function. This would be offers that are conveyed “live”