Here’s a step-by-step breakdown and suggestion on how to build this CuzzCoin WAYZ solution on your WordPress website using plugins like myCred and Meritocracy:
Concept Overview:
- Initial Token Sale:
- Users will be able to purchase CuzzCoin WAYZ using USDT, POL, or any crypto.
- The token will be sold at $0.30 during the initial offering.
- Users must hold the tokens for a two-week lock-up period before they can sell them.
- Selling for Profit:
- After the two-week lock-up, users can sell the tokens at the set value of $0.50, allowing them to earn profits (selling at a 67% profit).
- Gamified System:
- This system can have a gamified approach where users see their investments “grow” over time as they wait for the two-week period to pass.
Steps to Implement This on WordPress:
1. myCred Plugin:
myCred is a great plugin for points and reward management. You can leverage this to track user activity, purchases, and token balances. Here’s how:
- Create Custom Points Type: Use myCred to create a custom “CuzzCoin WAYZ” points system that mimics the purchase and holding of CuzzCoin WAYZ.
- Transaction System: Users will purchase CuzzCoin WAYZ by sending USDT, POL, or other crypto. myCred can track this and credit users with the respective amount of CuzzCoin WAYZ.
- You can set up rules that convert real payments into points (CuzzCoin WAYZ), with users paying via crypto payment gateways.
- Use a plugin like WooCommerce with a crypto payment gateway (like Coinbase Commerce or GoURL) to accept crypto payments.
- Lock-Up Period: You can set up a system where users’ CuzzCoin WAYZ is locked for two weeks using the badge/rank feature in myCred. After two weeks, the points become spendable.
2. Meritocracy Plugin:
Meritocracy can help with leaderboard, ranking, and gamified elements:
- Reward Gamification: Create a leaderboard based on who holds the most CuzzCoin WAYZ or who has participated the most by buying and holding the tokens.
- Achievements/Rewards: Offer badges or special recognition to users who buy and hold tokens, or to early adopters.
3. Token Purchase System:
- Set Purchase Price: Create a system where users can purchase CuzzCoin WAYZ at $0.30. They will send crypto, and once confirmed, myCred will credit them with the token.
- Custom Wallet Integration (optional): For more advanced users, you could integrate a wallet system (via plugins like Tatum or MetaMask integration for WordPress) where users actually hold CuzzCoin WAYZ in their own wallet, but this would be more advanced.
4. Two-Week Lock-Up System:
- You can set the two-week lock-up system where users buy tokens and cannot trade or redeem them for two weeks.
- Once the two weeks pass, they can sell the tokens at $0.50 using myCred’s exchange system or WooCommerce integration.
5. Profit Calculation and Selling System:
- After the two-week period, users should be able to sell their tokens at $0.50 for a profit. You can use myCred’s built-in points to cash or WooCommerce system to convert their tokens back into currency or crypto.
- The system should calculate the amount earned and show users how much profit they can gain.
WordPress Plugins You’ll Need:
- myCred: To manage CuzzCoin WAYZ purchases, balances, and the two-week lock-up.
- WooCommerce + Crypto Payment Gateway (Coinbase Commerce, GoURL, etc.): To allow users to buy CuzzCoin WAYZ using USDT, POL, or other cryptocurrencies.
- Meritocracy Plugin: To create leaderboards, rankings, and additional gamified rewards.
- Additional Add-ons: You may need some custom code or myCred add-ons to handle specific features (like the lock-up period and profit calculation).
Solution Breakdown:
- User visits CuzzCoin.com and buys CuzzCoin WAYZ using crypto (USDT, POL, etc.) through WooCommerce.
- myCred tracks their CuzzCoin WAYZ balance, locking their tokens for two weeks.
- After the two-week lock-up, they can sell their tokens at $0.50 via myCred, earning profits.
- Leaderboards and badges are displayed using Meritocracy to add a sense of competition and gamification.
This solution can be implemented effectively using WordPress plugins and custom code if needed. Let me know if you’d like more details or further clarification on specific features!