Cromacoin is a platform that allows businesses to create their own token and reward users with them for completing tasks. The tasks can be anything, from watching an ad, filling out a survey, or even following someone on social media.
Once you have tokens, you can use them in many different ways. You can spend them on products through the marketplace or trade them on the exchange to get more of another token that you want/need. This gives people who are willing to perform certain tasks more control over what they do and get rewarded for doing so! For businesses, this means increased productivity because the workforce will be happier and more productive when they know they’re being compensated for doing things like surveys.
For example, if I am running a company that has employees around the world who work remotely, using Cromacoin as my payment system would let me incentivize them by paying them tokens to complete simple tasks like taking surveys or commenting on blog posts related to my company. They’ll feel better about their jobs and I’ll reap the benefits of having happier employees. And if I’m not satisfied with the quality of their work after they’ve done one task, I don’t need to give them any more incentives. Because I only pay them once for each task completed, this saves me time and money!
I could also take advantage of blockchain technology and track transactions using Smart Contracts. If an employee does not follow through with the task agreed upon after receiving tokens for it, those tokens could go back into my wallet. Then when they request payment again, there won’t be any tokens left since they took advantage of a free opportunity once already. But with smart contracts, I would know right away if they didn’t do what they said they were going to do, which helps me decide whether or not it makes sense to continue working with that individual. It also encourages honesty because people wouldn’t want to lose the tokens that have been paid for them.
The biggest downside is time spent tracking everything that’s happening on the platform, but there are analytics tools available like dashboards and graphs where I can look at everything myself or designate other members of my team to oversee these activities. In addition, anyone who knows how to use Excel should be able to learn how these analytic tools work quickly enough!