Adding real value to channel points - A cryptocurrency and shop?
So I'm no expert in this sort of thing, so don't crucify me if there's any big problems with the idea but.
Would there be any scope in making channel points more valuable, so that you could spend them on actual things - perhaps even a twitch browser shop where you could buy various cosmetics to enhance your name or badges, emotes too, or directly support your favourite streamers by buying products they offer with channel points too.
I see this as having benefits for all parties, that's streamers, twitch and viewers too.
Streamers would have more concurrent viewers because people would be grinding channel points, twitch could take a cut from any items sold in the shop via channel points, and viewers would get cool items or cosmetics as a reward for their dedicated viewing.
As an avid user of twitch I get quite addicted to watching my channel points go up as I invest time into hanging out on my favourite streams.
I would have thought you'd have to limit predictions in some way as that can massive inflate people's points, or dump them, so there would be ways to abuse that if you wanted to. A reset, or a "fresh start" of channel points would also probably be needed if you wanted to participate in the system, you could just have it as a setting on a twitch user's profile such as "display all time channel points / v.2 channel points). I've specified that part because I'm sure a lot of people are proud of their current channel points and wouldn't want to see them wiped. Without the new era of channel points people, or day I say, bots that had already accumulated thousands of channel points over the years could dominate the shop with purchases.
For this to actually have a monetary value would it be possible to make channel points a crypto currency? You could grind a small amount by watching, but by predictions and spending your own money in the shop you could boost your points if you wanted too. I really don't know enough about crypto to speculate further about that, but just an idea. I'm sure twitch could have advertisements on the shop too.
Anyway, thanks for reading, all feedback is welcome.
AlfRamsey
shared this idea
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befuld08
commented
Adding real value to channel points can be achieved by integrating a cryptocurrency and an online shop. This combination allows users to earn and spend points in a tangible way, fostering engagement and loyalty. For example, viewers could accumulate points by participating in channel activities and then convert these points into a cryptocurrency, which can be used to purchase real goods and services from an online shop. This not only enhances the value of channel points but also creates a dynamic and interactive community.
Furthermore, incorporating such features aligns with modern trends, especially as we approach significant events like the USA Election Crypto Currency 2024. https://cryptoelectionproject.tech/ This innovative approach can set your channel apart and keep viewers excited and engaged.
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zevrapony
commented
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marco_935_
commented
Turning channel points into crypto
Hello,I recommend to twitch which has channel points to make channel points be stoped from earning,in other words stop channel point mining,then verify on kyc and be able to trade them and send points or tokens to each other,then with paper works it should go to exchange or what we call it borsa,which it will be equalized to usd,which gives it values,and in the meanwhile the channel point amount is very high reaching billions or even trillions,twitch can cut a percentage on every trade it is made in other words twitch gets money that way,it’s a win win for twitch and the channel point holders………