Question Community Feedback on Proposed FP$ Reset

[Cedric]

Howdy everyone! I wanted to bring up something we've been discussing with team for a while now – a reset of our FP$ virtual currency system, along with some big improvements to our shop. Your feedback is super important to us, so we really want to hear what you think.

Why are we thinking about a reset?

FP$ Inflation: Over time, our system has caused FP$ inflation, making things pretty pricey, especially for new folks. It's becoming a hurdle for new members, and that's not what we want.

Value Drop: The value of FP$ has gone down quite a bit. By resetting, we can bring back its worth and make credits something everyone wants again.

Keeping Things Sustainable: The cost to maintain our current FP$ system has shot up. A reset would help us set up a more sustainable model and reduce the financial load on the admin team.

So, what changes do we propose??

• Advance Notice: We’re planning to announce the reset well ahead of time, aiming for January 2025. This will give everyone enough time to use up their existing FP$.
• New Pricing Structure: After the reset, we want to introduce more affordable pricing for packages. This way, more people can enjoy our services, and we can attract new users.
• Better Shop Content: We’re planning to pack more value into each package, making your FP$ go further and our offerings more competitive.
• Earn Credits in Key Areas: You’ll earn credits by participating in forums where we need content the most, not in less valuable sections like games and intros. This should boost meaningful engagement.
• Bulk Purchase Discounts: We want to offer discounts for bulk credit purchases, encouraging larger transactions and giving you better value.
• Keep FP$ Exclusive: We’ll limit FP$ distribution to significant events and milestones. This way, FP$ stays valuable and encourages meaningful participation.

What Are the Benefits?

• More Engagement: With better pricing and content, we hope you’ll find more value in participating and buying credits.
• Sustainable Financial Model: Reduced payout requirements and increased revenue from credit purchases will ease the financial strain on the admin team.
• Happier Community: Restoring the value of FP$ and offering better services should boost overall satisfaction and loyalty.

We really want to know what you think about this proposal. Please take a minute to let us know what you think.

1. I fully support the FP$ reset and the proposed changes.
2. I support the FP$ reset but have concerns about the proposed changes.
3. I do not support the FP$ reset.

Thanks so much for your time and input!

 

[Cam]

You have contributed 36 posts on Forum Promotion over the last 4 years. Why would anyone give any consideration and merit to your opinion?

@Malcolm has already asked that we keep things civil. Telling other users that their opinion doesn’t matter is the exact opposite of that.

 

[Dan The Man]

@Malcolm has already asked that we keep things civil. Telling other users that their opinion doesn’t matter is the exact opposite of that.

I understand that but @Hacked has made no meaningful contribution to the forum in 4 years and has a strong opinion on resetting the FP system. Makes no sense. The comment has zero credibility.

 

[PGen98]

You have contributed 36 posts on Forum Promotion over the last 4 years. Why would anyone give any consideration and merit to your opinion?

I understand that but @Hacked has made no meaningful contribution to the forum in 4 years and has a strong opinion on resetting the FP system. Makes no sense. The comment has zero credibility.

Based on what? People can have opinions, they don't need to be top contributors here to have them. If he'd come in and agreed with your opinion, would you still have called him out for not contributing? Just let people say their piece, it doesn't matter how much or how little they've contributed to the forum, opinions are welcome.

 

[Malcolm]

First, let's put down the hatchets. The whole point of this thread is to get information and gain valuable feedback from the community, which we are. So opinions matter. Even if a user has posted 0-1 posts in the past year or even 30 posts, we need feedback to make a good decision that will 1. benefit the community, and 2. also benefit FP as a business.

Additionally, FP$ reset is a loose term as of right now. We are still actively planning; we just met the other day. It was productive, but we needed more time to develop a solid plan. FP$ reset could mean we reset everyone back to 0, but it could also mean we reset the policies/fees associated with FP$ credits; this is still up in the air.

While planning, we are taking the feedback given in this thread and applying it to our decision-making.

However, let's all remain respectful. We value everyone's opinion. If you're not a fan of someone's opinion, then so be it; we get people to contribute a lot of posts to FP, and we appreciate it; however, if those contributions are toxic, we won't tolerate them. Both @Cam, myself, and the other admins have vowed to make FP a friendlier/toxic-free community. We would appreciate it if you folks could make the same vow as well.

Let's get back to discussing the FP$ reset. Why would it be bad/good if we reset to 0? What are some other solutions etc

 

[Dan The Man]

Based on what? People can have opinions, they don't need to be top contributors here to have them. If he'd come in and agreed with your opinion, would you still have called him out for not contributing? Just let people say their piece, it doesn't matter how much or how little they've contributed to the forum, opinions are welcome.

Just to clarify, whether he agrees with my position or not is irrelevant. His opinion lacks credibility for having contributed 36 posts over 4 years. I've been here 17 years. Also many of the users throughout this thread who have opted to reset the FP currency have never actually utilized their currency to purchase a posting package or shop item. The whole circumstance is peculiar. It remains unclear to me why @Cedric is proposing this. If there was a financial concern, it would have been more appropriate for the topic suggestion to come from @Cam

I will repeat myself once more. It is ethically and morally wrong to take FP away from users who have contributed to the forum to earn it. Whether it be through posting, offering marketplace services, or buying the FP. In my case of buying FP, the users I buy it from offer their services in the FP marketplace, post on the forum, or serve as a Package Member to accumulate their FP.

The Phase One: Inflation Reduction Act is reasonable and based because its not resetting FP from users. The community can offer more Shop items, and different tiers of wait time and posting packages to encourage spend. From what I have learned in this thread, I also believe FP is overpaying its Package Staffers.

 

[Hacked]

You have contributed 36 posts on Forum Promotion over the last 4 years. Why would anyone give any consideration and merit to your opinion?

Dude but what's with attacking random users what this does gotta do with the Question

 

[PGen98]

His opinion lacks credibility for having contributed 36 posts over 4 years.

But this isn't relevant. At all. People can lurk and still retain knowledge of how a community works or how a virtual currency functions.

If there was a financial concern, it would have been more appropriate for the topic suggestion to come from @Cam

At the end of the day it shouldn't matter what account starts the thread, it's community feedback and a community team member posted it.

 

[Scorpion]

No, I do not agree with that. There are so many members who have large amounts of FP credit, and they sell them for money or other services. I also sold my Some FP and don't want to lose my current balance..

 

[Page]

Packagers have a choice of getting paid in FP$ or by PayPal or LTC. Here is the hiring thread:

https://forumpromotion.net/threads/the-package-team-is-hiring.183157/

He pays out:
Per Topic: $0.25 USD
Per Post/Comment: $0.20 USD

And they choose to get paid via Paypal XD - I mean I Would anyway hahaha

Additionally, FP$ reset is a loose term as of right now. We are still actively planning; we just met the other day. It was productive, but we needed more time to develop a solid plan. FP$ reset could mean we reset everyone back to 0, but it could also mean we reset the policies/fees associated with FP$ credits; this is still up in the air.

It's not an easy job that you guys trying to think and plan, I would say yes, FP needs more new services not just rebranding the services that FP has got going now, but something fully new to the game. Resetting FP$ won't resolve anything if there is nothing worthwhile buying with FP$ - New to the game, it's 2024 what's something different? What can members do what services can be added that make members want to spend their earned FP$ for it...

What I see more than ever before is that members are earning their FP$ nice to see however they are not spending, not because
they don't want to, since there is nothing to offer...

No, I do not agree with that. There are so many members who have large amounts of FP credit, and they sell them for money or other services. I also sold my Some FP and don't want to lose my current balance..

Same, I spent real money also, not to mention that if I open a topic right now offering to sell my FP$ members will not interested, they do not see the benefits as there are no services to offer, other than offering to those that want posting packages to new members or selling to those that need it with no FP$

 

[Katrina]

And they choose to get paid via Paypal XD - I mean I Would anyway hahaha


It's not an easy job that you guys trying to think and plan, I would say yes, FP needs more new services not just rebranding the services that FP has got going now, but something fully new to the game. Resetting FP$ won't resolve anything if there is nothing worthwhile buying with FP$ - New to the game, it's 2024 what's something different? What can members do what services can be added that make members want to spend their earned FP$ for it...

What I see more than ever before is that members are earning their FP$ nice to see however they are not spending, not because
they don't want to, since there is nothing to offer...


Same, I spent real money also, not to mention that if I open a topic right now offering to sell my FP$ members will not interested, they do not see the benefits as there are no services to offer, other than offering to those that want posting packages to new members or selling to those that need it with no FP$

We have the Social Promotion Service where you can pay with FP$ to have your site advertised on our X and Facebook accounts. I've also recently added a graphics service for FP$.

 

[Cedric]

In the last 6 months, who has bought FP$ from Cam?

And they choose to get paid via Paypal XD - I mean I Would anyway hahaha


It's not an easy job that you guys trying to think and plan, I would say yes, FP needs more new services not just rebranding the services that FP has got going now, but something fully new to the game. Resetting FP$ won't resolve anything if there is nothing worthwhile buying with FP$ - New to the game, it's 2024 what's something different? What can members do what services can be added that make members want to spend their earned FP$ for it...

What I see more than ever before is that members are earning their FP$ nice to see however they are not spending, not because
they don't want to, since there is nothing to offer...


Same, I spent real money also, not to mention that if I open a topic right now offering to sell my FP$ members will not interested, they do not see the benefits as there are no services to offer, other than offering to those that want posting packages to new members or selling to those that need it with no FP$

When was the last time you have bought FP$, honestly?

 

[Page]

X and Facebook accounts

I only used it twice since the opening lol

 

[Katrina]

In the last 6 months, who has bought FP$ from Cam?


When was the last time you have bought FP$, honestly?

Even if it was 2 years ago, the fact that someone paid for their FP$ is something that has to be considered. We will work to try to find ways for those people to spend it as best we can, so they feel that we aren't ripping them off.

I only used it twice since the opening lol

You have enough FP$ to use it every other week for years LOL

 

[Dan The Man]

Even if it was 2 years ago, the fact that someone paid for their FP$ is something that has to be considered. We will work to try to find ways for those people to spend it as best we can, so they feel that we aren't ripping them off.

THANK YOU!

 

[Katrina]

THANK YOU!

I try to put myself in others' positions and how decisions would affect me, especially since this isn't just one member who paid real money for virtual currency. I don't have the final say, but I can provide data as well as pros and cons to try to come up with a good solution. It's going to take a lot of phases to get to a point where the FP$ is something that members strive to earn once again as a commodity.

 

[Felly]

Additionally, FP$ reset is a loose term as of right now. We are still actively planning; we just met the other day. It was productive, but we needed more time to develop a solid plan. FP$ reset could mean we reset everyone back to 0, but it could also mean we reset the policies/fees associated with FP$ credits; this is still up in the air.

I am curious as to what kinds of ideas staff has surrounding resetting policies and fees associated with the FP$. I think a lot of the discussion has been around a total reset to 0, which many people (myself included) are against. What kinds of changes would we be looking at if we were just resetting the policies and fees associated with the credits? Would we be looking at something along the lines of the Phase One changes that just happened or something else entirely? Just from Phase One alone, it feels like that's been a much easier change to swallow for most, compared to people thinking they may (possibly) lose all their FP$ they've earned/bought and might change the discussions entirely.

We have the Social Promotion Service where you can pay with FP$ to have your site advertised on our X and Facebook accounts. I've also recently added a graphics service for FP$.

My thing is with the Social Promotion Service is that I don't really see it being used. I had to go all the way back to March 1st, about 5 and a half months ago, to see any sort of use for that service. It just seems like it's not that popular of a service on FP, at least in its current state. I believe in social media being a powerful tool for sites (I even wrote an article for it back in January!), so I'm not saying nix the service entirely, but I also feel there's a lot to be said if a service hasn't been used in 5 and a half months.

 

[Katrina]

I am curious as to what kinds of ideas staff has surrounding resetting policies and fees associated with the FP$. I think a lot of the discussion has been around a total reset to 0, which many people (myself included) are against. What kinds of changes would we be looking at if we were just resetting the policies and fees associated with the credits? Would we be looking at something along the lines of the Phase One changes that just happened or something else entirely? Just from Phase One alone, it feels like that's been a much easier change to swallow for most, compared to people thinking they may (possibly) lose all their FP$ they've earned/bought and might change the discussions entirely.



My thing is with the Social Promotion Service is that I don't really see it being used. I had to go all the way back to March 1st, about 5 and a half months ago, to see any sort of use for that service. It just seems like it's not that popular of a service on FP, at least in its current state. I believe in social media being a powerful tool for sites (I even wrote an article for it back in January!), so I'm not saying nix the service entirely, but I also feel there's a lot to be said if a service hasn't been used in 5 and a half months.

I'd hate to list some of our ideas until we have a firm plan from the owners that it's what we'll be doing. I really highly doubt that they'll want to reset to 0 though? That to me seems like forum suicide.

As for the Social Promotion Service, just because it isn't used by many, you won't use it? I'm not sure I follow that line of thinking? We've gone through periods of having multiple Marketing Team Leaders and now we have no one and I've just been posting on social media for FP to fill in.

 

[Felly]

I'd hate to list some of our ideas until we have a firm plan from the owners that it's what we'll be doing. I really highly doubt that they'll want to reset to 0 though? That to me seems like forum suicide.

As for the Social Promotion Service, just because it isn't used by many, you won't use it? I'm not sure I follow that line of thinking? We've gone through periods of having multiple Marketing Team Leaders and now we have no one and I've just been posting on social media for FP to fill in.

That's fair!

If I had a reason to use the Social Promotion Service, I would absolutely use it, regardless of how many were using it! It wasn't my intent for it to come off otherwise. My line of thought was that people in general aren't using it and wondering why people weren't taking more advantage of a service that could help benefit their site. I personally don't have a reason to use it at this time because I just don't have a site to advertise, but I'm in the minority where that's concerned. I'm absolutely glad the service is here and I hope to one day use it myself, but I also don't see others who could be using it doing so and I feel if the use of it could be encouraged in some way, it may help get some more FP$ circulating around and not just stagnating in people's accounts like it is now.

Of course, as I'm typing this up, I did see an announcement about updates to the service that I briefly skimmed, so hopefully people will start taking advantage of it more to benefit their own sites! The changes look like they're a step in the right direction!

 

[Nebulous]

I suppose its necessary to reset it with all the issues outlined by the staff here. I've always spent my FP$ (or donated to other members) so I don't have much to lose. I just feel bad for all the people who have purchased FP$ from other members using they're own real money in the MarketPlace forum here. I know I've seen that in the past.

 

[Katrina]

I suppose its necessary to reset it with all the issues outlined by the staff here. I've always spent my FP$ (or donated to other members) so I don't have much to lose. I just feel bad for all the people who have purchased FP$ from other members using they're own real money in the MarketPlace forum here. I know I've seen that in the past.

If people hadn't used real money, it would be easier to figure this out 🙂