What Are RKTT Tokens?
RKTT Tokens are a lot like Macy’s “Plenti Points” or American Airline “Miles”. They are the “Loyalty & Rewards” tool that we use and offer to our customers and vendors.
Some of our Vendors offer RKTT Tokens as a Reward for making purchases.
Some of our Vendors accept partial payment for products or services in RKTT Tokens.
What Are RKTT Tokens Worth?
RKTT Tokens are worth the following:
- The ‘Face’ value of each Token is $0.01 (one penny) each, which means 100 Tokens = $1.00 but the value you actually get depends on whether you spend them, sell them, or redeem them.
- 100 RKTT Tokens = $1.00 if you spend them with a Vendor that accepts Tokens in the Apricot Rocket Marketplace. Each Vendor has the option to accept RKTT Tokens for a portion of the price of what they sell, or not… it is their choice.
- 100 RKTT Tokens = $1.00 if you spend them with a Vendor that accepts Tokens in the Apricot Rocket Marketplace. Each Vendor has the option to accept RKTT Tokens for a portion of the price of what they sell, or not… it is their choice.
- 1,000 RKTT Tokens = $1.00 if you want to redeem them for cash from Apricot Rocket. Apricot Rocket will redeem Rocket Tokens in increments of 25,000 RKTT Tokens ($25.00) at a time.
How to Earn RKTT Tokens
When you create an Account with Apricot Rocket we give you 1,000 RKTT Tokens as our way of saying thank you. You can earn additional RKTT Tokens as follows:
- By taking a Survey offered. We use the Survey to learn more about you so we can do a better job of providing interesting products and services to you. The Survey has a lot of questions. Each question is worth a certain # of RKTT Tokens. You can choose to answer or skip any question. We never share the information you provide with anyone.
- Purchasing Products and Services from Apricot Rocket Marketplace Vendors. Apricot Rocket will give you tokens worth between 5% and 10% of the products or services you purchase
Where to Spend RKTT Tokens
You can spend your RKTT Tokens with Apricot Rocket at Face Value. All products and services offered by Apricot Rocket can be purchased for RKTT Tokens at Full Face Value… except for the Sales Tax (if any) and Shipping Fees (if any). Sales Taxes are charged on the $ Value of the product or service being purchased.
You can spend your RKTT Tokens with any Vendor on the Apricot Rocket Marketplace that accepts payment with RKTT Tokens. The list of Vendors accepting RKTT Tokens is growing and we denote those Vendors and highlight them in the search list.
You can sell your RKTT Tokens on the Token Market if you have a form of payment such as PayPal or Stripe setup and registered with the Shopping Cart module of the Apricot Rocket system. There is a fee of 450 RKTT Tokens to list your Tokens for Sale. A Listing on the Token Market is good for 30 days. People wanting to purchase RKTT Tokens keep their eye on offers of RKTT Tokens for sale.
You can spend RKTT Tokens purchasing Leads from the Leads system if you are looking for Leads.
How to Redeem RKTT Tokens
1,000 RKTT Tokens = $1.00 if you want to redeem them for cash from Apricot Rocket.
Apricot Rocket will redeem Rocket Tokens in increments of 25,000 RKTT Tokens ($25.00) at a time. This means that you will need to have 25,000 RKTT Tokens to get $25.00 in cash in exchange.
All redemption payments are made via PayPal so you will need a PayPal account to receive payment upon redemption.
What is the Token Market?
The Token Market is a little like a Stock Market. If you have RKTT Tokens you want to Sell you can post a message on the Token Market at a cost of 450 RKTT Tokens for a 30-day Offer to Sell posting..
People who are interested in buying RKTT Tokens can request to be notified when ‘sellers’ post offers to sell. If the Buyer likes the offer price they can purchase the tokens offered for sale. If the Buyer wants to negotiate the purchase price then the Offers to Purchase are sent to the Seller who can accept the Purchase Offer Price or reject it with a counter offer. Once the Buyer and Seller come to agreement the Buyer purchases the RKTT Tokens from the Seller and the Seller is paid directly by the Buyer using PayPal.
Apricot Rocket does not get involved in the transaction other than charging a fee to post an Offer to Sell on the Token Market.
Both the Buyer and the Seller must have PayPal accounts to use the Token Market.
Since Apricot Rocket is willing to accept payment with Tokens at Full Face Value and will redeem Tokens for cash at $0.10 on the $1.00 there is a value for the Tokens on the Token Market between those two prices.