US 2017/0221021 A1 - Method And System For Digital Currency Creation And Marketing - The Lens

Method And System For Digital Currency Creation And Marketing

Published: Aug 3, 2017
Earliest Priority: Jan 29 2016
Family: 1
Cited Works: 0
Cited by: 1
Cites: 3
Additional Info: Full text

Abstract

A method and system which allow an actor/user to create new cryptocurrency, designed to motivate people to an active lifestyle in various fields by making certain activities or actions, which can be measured and verified using smartphones or other telecommunication devices. The method creates two kinds of universal cryptocurrency, namely: cryptocurrency/time, based on a time during which the activities or actions were performed and cryptocurrency/quantity, based on the amount/quantity of performed activities or actions. The method converts amount of time during which activities/actions were performed into the cryptocurrency/time and also converts amount of activities/actions which were performed into the cryptocurrency/quantity. Thus, a cryptocurrency/time and a cryptocurrency/quantity are parts of a new single digital currency under the preliminary name: “CRYPTonFly” as the abbreviation of words “creation cryptocurrency on the fly”, which empowers each individual a freedom and ability to make money converting certain activities and actions into the digital currency.

Claims

A method and system for digital currency creation and marketing, the method comprising: identification of actor/user; making certain activities or actions by the actor/user; the achievement of certain amount of a time during which were performed activities or actions; the achievement of certain amount/quantity of performed activities or actions; authentic measurement and verification of amount of a time during which were performed activities or actions; authentic measurement and verification of the amount/quantity of performed activities or actions; the calculation and charging of cryptocurrency/time based on a time during which the activities or actions were performed to the personal wallet or account of the actor/user; the calculation and charging of cryptocurrency/quantity based on amount/quantity of performed activities or actions to the personal wallet or account of the actor/user.
The method according to claim 1, wherein creation of cryptocurrency/time, based on a time during which the activities or actions were performed, includes: identification of actor/user; making certain activities or actions by the actor/user; the achievement of certain amount of a time during which the activities or actions were performed; authentic measurement and verification of amount of a time during which the activities or actions were performed; the calculation and charging of cryptocurrency/time to the personal wallet or account of the actor/user.
The method according to claim 1, wherein creation of cryptocurrency/quantity, based on the amount/quantity of performed activities or actions, includes: identification of actor/user; making certain activities or actions by the actor/user; the achievement of certain amount/quantity of performed activities or actions; authentic measurement and verification of amount/quantity of performed activities or actions; the calculation and charging of cryptocurrency/quantity to the personal wallet or account of the actor/user.
A method and system for digital currency creation and marketing, the system comprising: telecommunication devices and a special mobile application; identification, authentic measurement and verification of amount of a time during which the certain activities Or actions were performed using telecommunication devices; identification, authentic measurement and verification of amount/quantity of performed certain activities or actions using telecommunication devices; the calculation and charging of cryptocurrency/time to the personal wallet or account of the actor/user in accordance with a measured and verified amount of a time during which the activities or actions were performed; the calculation and charging of cryptocurrency/quantity to the personal wallet or account of the actor/user in accordance with a measured and verified amount/quantity of activities or actions.