Virtual Currency Tokenback System for Value Preservation
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Solution Overview
Problem
Existing virtual currency systems primarily focus on encouraging consumption by depreciating virtual currency over time, lacking mechanisms to effectively assist consumers in managing and incentivizing the long-term holding of virtual currency.
Innovation Solution
An information processing apparatus that obtains purchase information, decides on the quantity of virtual currency to provide based on user purchases, and allows exchange within a predetermined period, encouraging users to hold tokens by providing incentives such as tokenback, which involves procuring tokens from the market using commissions from member shops and offering buyback guarantees.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If virtual currency decreases in value over time, then consumption of virtual currency is encouraged, but the property value of held tokens deteriorates
Solution Approach 1:
The patent inverts the conventional virtual currency model by implementing a tokenback system where tokens are provided to users based on their purchases, and the system actively purchases tokens from the market to maintain or increase their value. This inversion transforms the traditional depreciation model into an appreciation model, allowing users to benefit from both consumption incentives and value preservation through the buyback mechanism.
2Productivity
If virtual currency is provided to encourage consumption, then economic activities are stimulated, but long-term holding incentive is insufficient
Solution Approach 1:
The patent implements a feedback mechanism where the system continuously monitors token prices and automatically purchases tokens from the market when prices drop, then redistributes them to users. This feedback loop creates a dynamic system that actively manages token value, providing users with ongoing incentives to hold tokens while maintaining consumption stimulation through the tokenback provision mechanism.
3Productivity
If virtual currency system focuses on consumption encouragement, then short-term spending increases, but consumer assistance in managing virtual currency is insufficient
Solution Approach 1:
The patent implements a self-service mechanism where the system automatically manages token value maintenance through market purchases and redistribution, eliminating the need for users to manually manage their token portfolios. The automated tokenback provision and buyback operations provide consumers with hands-free value management while they focus on consumption activities.
Data Source
AI summary
An information processing apparatus is provided with: an obtaining portion that obtains purchase information on a commodity or a service purchased by a user; a deciding portion that decides on a quantity of virtual currency to be provided to the user, based on the purchase information; a providing portion that provides the user with the virtual currency of the quantity decided on; an accepting portion that accepts, from the user, an exchange request to exchange the virtual currency for a substitute; a determining portion that determines, when the exchange request is accepted, whether or not it is within a predetermined period from a point of time when the virtual currency was provided; and an exchange processing portion that performs processing related to exchange of the virtual currency when it is determined that it is within the predetermined period.