Methods and systems for incentivizing participation in a marketplace through the issuance of warrants
First Claim
1. A method for incentivizing a plurality of participants to trade goods and services of a vertical market on a marketplace, the method comprising:
- using an ownership processor to issue at least one warrant to a participant who agrees to trade goods and services of the vertical market on the marketplace, in which each warrant is convertible into at least one ownership share of the marketplace based on the participant'"'"'s performance on the marketplace;
receiving information about the participant'"'"'s performance on the marketplace from a trading processor, in which the trading processor and the ownership processor are in communication over a network;
using the ownership processor to determine, based on the participant'"'"'s performance, a quantity of warrants that is convertible by the participant into the at least one ownership share of the marketplace;
determining a type of transaction that is provided by the participant;
determining, based on the type of transaction, a fee that is paid to the participant; and
transmitting to the trading processor a notification of the quantity of warrants that is convertible by the participant and the fee that is paid.
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Accused Products
Abstract
Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of issuing at least one warrant to a participant, in which the warrant is convertible into at least one ownership share of an entity associated with a marketplace; receiving information associated with the participant'"'"'s execution of trading activities in the marketplace; determining, based on the received information, a quantity of warrants eligible for conversion into ownership shares; converting the eligible warrants into a quantity of ownership shares; and transmitting an indicia indicating the quantity of ownership shares.
19 Citations
26 Claims
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1. A method for incentivizing a plurality of participants to trade goods and services of a vertical market on a marketplace, the method comprising:
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using an ownership processor to issue at least one warrant to a participant who agrees to trade goods and services of the vertical market on the marketplace, in which each warrant is convertible into at least one ownership share of the marketplace based on the participant'"'"'s performance on the marketplace; receiving information about the participant'"'"'s performance on the marketplace from a trading processor, in which the trading processor and the ownership processor are in communication over a network; using the ownership processor to determine, based on the participant'"'"'s performance, a quantity of warrants that is convertible by the participant into the at least one ownership share of the marketplace; determining a type of transaction that is provided by the participant;
determining, based on the type of transaction, a fee that is paid to the participant; and
transmitting to the trading processor a notification of the quantity of warrants that is convertible by the participant and the fee that is paid. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. An apparatus for incentivizing a plurality of participants to trade goods and services of a vertical market on a marketplace, the apparatus comprising:
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an ownership processor in communication with a trading processor over a network; a memory coupled to the ownership processor, in which the memory stores instructions which, when executed by the ownership processor, direct the ownership processor to; issue at least one warrant to a participant who agrees to trade goods and services of the vertical market on the marketplace, in which each warrant is convertible into at least one ownership share of the marketplace based on the participant'"'"'s performance on the marketplace; receive information about the participant'"'"'s performance on the marketplace from the trading processor; determine, based on the participant'"'"'s performance, a quantity of warrants that is convertible by the participant into the at least one ownership share of the marketplace; determine a type of transaction that is provided by the participant; determine, based on the type of transaction, a fee that is paid to the participant; and transmit to the trading processor a notification of the quantity of warrants that is convertible by the participant and the fee that is paid. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18)
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19. An article of manufacture for incentivizing a plurality of participants to trade goods and services of a vertical market on a marketplace, the article of manufacture comprising:
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a storage medium, in which the storage medium stores instructions which, when executed by an ownership processor, direct the ownership processor to; issue at least one warrant to a participant who agrees to trade goods and services of the vertical market on the marketplace, in which each warrant is convertible into at least one ownership share of the marketplace based on the participant'"'"'s performance on the marketplace; receive information about the participant'"'"'s performance on the marketplace from a trading processor, in which the trading processor and the ownership processor are in communication over a network; determine, based on the participant'"'"'s performance, a quantity of warrants that is convertible by the participant into the at least one ownership share of the marketplace; determine a type of transaction that is provided by the participant; determine, based on the type of transaction, a fee that is paid to the participant ; and transmit to the trading processor a notification of the quantity of warrants that is convertible by the participant and the fee that is paid. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26)
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Specification