Methods and systems for receiving warrants as an incentive for participation in a marketplace
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:
- receiving from an ownership processor at least one warrant in exchange for agreeing to trade goods and services of the vertical market on the marketplace, in which the warrant is convertible into at least one ownership share of the marketplace based on the participant'"'"'s performance on the marketplace;
transmitting from a trading processor information about the participant'"'"'s performance on the marketplace, in which the trading processor and the ownership processor are in communication over a network, and in which the participant'"'"'s performance is used to determine a quantity of warrants that is convertible by the participant into the at least one ownership share of the marketplace;
transmitting information about a type of transaction that is provided by the participant, in which the type of transaction is used to determine an amount of a fee that is paid to the participant; and
receiving from the ownership processor a notification of the quantity of warrants that is convertible into the at least one ownership share, of the marketplace and the amount of the fee.
2 Assignments
0 Petitions
Accused Products
Abstract
Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of receiving at least one warrant in exchange for executing at least one trading activity in a marketplace, in which the warrant may be converted into at least one ownership share of an entity associated with the marketplace; receiving information associated with the execution of the trading activities in the marketplace; receiving an indicia indicating a quantity of warrants eligible for conversion into ownership shares, in which the quantity of eligible warrants is determined based on the received information; and receiving a quantity of ownership shares of the entity, in which the quantity of ownership shares is determined based on a conversion ratio.
19 Citations
24 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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receiving from an ownership processor at least one warrant in exchange for agreeing to trade goods and services of the vertical market on the marketplace, in which the warrant is convertible into at least one ownership share of the marketplace based on the participant'"'"'s performance on the marketplace; transmitting from a trading processor information about the participant'"'"'s performance on the marketplace, in which the trading processor and the ownership processor are in communication over a network, and in which the participant'"'"'s performance is used to determine a quantity of warrants that is convertible by the participant into the at least one ownership share of the marketplace; transmitting information about a type of transaction that is provided by the participant, in which the type of transaction is used to determine an amount of a fee that is paid to the participant; and receiving from the ownership processor a notification of the quantity of warrants that is convertible into the at least one ownership share, of the marketplace and the amount of the fee. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. 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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a trading processor in communication with an ownership processor over a network; a memory coupled to the trading processor, in which the memory stores instructions which, when executed by the trading processor, direct the trading processor to; receive from the ownership processor at least one warrant in exchange for agreeing 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; transmit information about the participant'"'"'s performance on the marketplace, in which the participant'"'"'s performance is used to determine a quantity of warrants that may be converted by the participant into the at least one ownership share of the marketplace; transmit information about a type of transaction that is provided by the participant, in which the type of transaction is used to determine an amount of a fee that is paid to the participant; and receive from the ownership processor a notification of the quantity of warrants that is convertible into the at least one ownership share of the marketplace and the amount of the fee. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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17. 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 trading processor, direct the trading processor to; receive from an ownership processor at least one warrant in exchange for agreeing to trade goods and services of the vertical market on the marketplace, in which the trading processor and the ownership processor are in communication over a network, and in which each warrant is convertible into at least one ownership share of the marketplace based on the participant'"'"'s performance on the marketplace; transmit information about the participant'"'"'s performance on the marketplace, in which the participant'"'"'s performance is used to determine a quantity of warrants that may be converted by the participant into the at least one ownership share of the marketplace; transmit information about a type of transaction that is provided by the participant, in which the type of transaction is used to determine an amount of a fee that is paid to the participant; and receive from the ownership processor a notification of the quantity of warrants that is convertible into the at least one ownership share of the marketplace and the amount of the fee. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24)
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Specification