What can I do with KNZS Points?
KNZS points can be used for various activities, creating real-world value and driving social impact. Locking KNZS points benefits you while enhancing their overall value.
What does “locking KNZS” mean?
Locking KNZS points enables you to use them for discounts, voting on green investments, or supporting nonprofits and causes you care about. Unlike traditional reward points, which are gone after being used for discounts or free goods, you get your KNZS points back after the locking period ends, allowing you to reuse them in the future.
How do KNZS utilities benefit me as a KNZS holder?
KNZS utilities offer several advantages:
Can I earn KNZS points on any purchase?
Yes, you can earn KNZS points or a fraction on any purchase at participating kind businesses.
What is the discount value of 1 locked KNZS?
Each locked KNZS point has a base discount value of €1.00 when the green investment value is €1.00 or lower.
Can the locked discount value go below €1.00?
No, the minimum locked discount value stays at €1.00, even if the green investments value drops below this amount. This ensures consistent savings even during market fluctuations.
Can I unlock discounts if I don’t have enough KNZS points?
Yes, Kindnomic is inclusive, letting you participate with any amount of KNZS points. Small amounts can build up over time, providing significant discounts.
Can I buy extra KNZS points when I don’t have enough?
Yes, during the pilot stage, you can buy KNZS points for €0.10 each and lock them in with a €1.00 discount value. This helps you accumulate KNZS points and enjoy savings at Kind businesses.
How does locking KNZS for savings work?
Locking KNZS points for savings helps you save on purchases at Kind businesses. It works like a traditional savings account that earns interest. By locking KNZS points to unlock discounts, your discount is your interest.
What are Kind Commissions, and how do they relate to KNZS utilities?
Each time someone earns or locks KNZS points for discounts, a Kind Commission is generated from the kind businesses involved in the transaction. A portion of these commissions is allocated towards green investments, which help determine the value of circulated KNZS points. Another portion supports nonprofits voted by KNZS holders, ensuring benefits for all stakeholders within the Kindnomic circular ecosystem.
Can KNZS Points Expire?
No, KNZS points are designed as a sustainable reward system. They don’t expire, so you can enjoy their benefits and contribute to positive change without worrying about losing accumulated points over time.
When can I use KNZS points in my area?
We’re constantly expanding our network! The more people who join Kindnomic in your area, the faster we can partner with local businesses and organizations. Keep an eye on our roadmap for updates.
Like to know more? Visit Kindnomic.com
Sign up and claim 10 (€10) free KNZS Points.