With the implementation of Channel Points, the opportunity for chat interaction and participation has sky-rocketed. To make it even better, allow users to redeem some of the "Channel Point" rewards using bits.

Allow the streamer to create a reward with the option to toggle "Redeem with Channel Points" and "Redeem with Bits" and set the threshold for each. This would give streamers the option create rewards that can be redeemed only with bits, only with channel points, or with either.

This would be entirely community-driven. People are already donating bits to creators, so let those donations affect the stream. It is safe from abuse, because the Channel Points system already has a "Limit how many" option. Right now, there isn't any reason to donate bits besides "I wanted to" but this would allow the community to become more personally involved in every stream and put a real meaning behind the donations that are already occurring.

Something new that "could" be added to bits is when any viewer redeems 1 or more loot with Twitch Prime on any affiliate or partner channel, that channel owner could automatically get 0.15% off bits per viewer who have redeemed 1 or more loot when on that channel. It would take 100 viewers redeeming loot to reach 15% off bits for that specific channel.

The cap of the percentage off bits for the channel owner could be 5%-15%. Once a channel reaches the cap the channel owner could have one-to-two weeks to buy the bits with a percentage off, from viewers redeeming loot on their channel (before it resets to zero).

A lot of streamers support many other channels and it's out of love that people cheer streams, so it could be a good thing to have another way to support your favourite streamer with Twitch Prime by giving the streamer a discount on bits.

:)

hm.. i don't know if this is the right place to post it, but considering it involves bits and channel points, i will post it here.

basically, i want to redeem all of my various accumulated channel points to bits, and support my favorite streamers with them. I'm not against buying bits, but i'm not really going to buy any. and since i'm not american, the 'watch ads for bits' option is.. kinda defunct and useless to me

of course, there needs to be some balance to not just give out all the bits to the people with a lot of channel points across many streamers, but.. you introduced the channel points, you should make them less useless..

Once subscribed to a channel, a user will get access to the normal unlocked things but also access to a new tab next to "Gift Subs" called "Gift Bits." Gifting bits directly through a channel the viewer is subbed to will provide a discount. For example we'll say $1 = 100 bits. One option would be $1 = 110 bits if subbed...or, you could implement it as .90C = 100 bits.

You could scale bigger discounts based on longevity (consecutive months subbed) or through level of subscription (Tier 1, T2, T3.)

I do not have financial information on twitch but I imagine that the primary revenue stream is through subs/gifted subs and a supporting revenue stream of bits. This discount would encourage secondary monetary support and engagement from recurrent viewers. Providing an incentive to further support a subbed streamer will increase conversion rates for twitch and higher bit engagement for streamers.

With a volume discount theory backing this implementation, conversion rates, repeat purchases to a subbed channel, and profit margin depreciation would need to be monitored.

It could be possible to mitigate profit margin erosion through the use of a time limit ("You just subbed to x channel. You have 3 days to gift x bits for x discounted price.") This could provide both sense of urgency and increased optics that there are secondary methods to engage with a streamer.

A secondary option could be to split the profit margin erosion on the back end. The (profit margin - discounted profit margin) / 2 could be split between the streamer and Twitch. This would need to be implemented fairly and transparently as both Twitch and the streamer would receive less total payout. New bit volume would be key to sustaining this relationship.

Either way, I look forward to hearing any ideas about this!

Many Thanks,

GamerQing93