DealToken will always have a base value that can be adjusted and expanded further, based on the discretion of the founders, but can not be restricted below the original terms. DealToken will always be redeemable for at least the following;
- DealToken will be redeemable in a 1:1 fashion for Deal Room monthly fees. For example, if you redeem 35 tokens, you will receive $35 off your membership fee. This is capped at 10% for now, (ie Deal Room fee=$347, max redemption per month- 34.7 DealTokens) but may be increased in the future.
- DealToken will be redeemable in a 1:1 fashion for Deal Room gear. For example, if you redeem 35 tokens, you will receive $35 towards Deal Room gear, currently hats and shirts. This is not capped at 1 gear item per Deal Room Member for now, but may be increased in the future.
- DealToken will be redeemable in a 1:1 fashion for Deal Room event fees. For example, if you redeem 600 tokens, you will receive $600 off your membership fee. This is capped at 20% for now, (ie Deal Room event fee=$3000, max redemption per event- 600 DealTokens) but may be increased in the future.
Further value may be assigned to the token and other redemption benefits added at the discretion of the founder.