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The Reefuge

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Jul 9, 2011
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The Reefuge Bank - Explained
Hi everyone,

As you are all are aware, The Reefuge has set up a virtual credit bank. The idea behind this bank is that all of the members will actively help each other out on these forums, and help build precious content for the website. In return, members will gain credit, allowing them to buy products and services off other users. It will also allow members to use their credit when participating in future competitions.

Earning:

When a member posts a reply, or starts a thread, they gain credit. The credit is given by The Reefuge Bank. If the users post or thread was of great value to another member, the member can show their appreciation by donating credits from their account, into the content creators account. Currently, users can only gain credit by posting replies to threads, creating new threads, and receiving donations from other users. Currently, this is the value of a post and thread.

1 credit per post
1 credit per attachment
2 credits per new thread

Value of credit:

As a general rule of thumb, $1 AUD is worth 20 credits (this may change). Although this system has nothing to do with money, sellers who list items in return for credit should know the rough price. Obviously, sellers are the ones who will ultimately give credit it's worth.

Accumulating:

Do not let the small amount of credit for the amount of posts scare you. Remember, other users will often donate their own credit to content creators. By staying active, posting replies to threads, and helping other users, your bank account will quickly gain credit. Once you have accumulated enough, you can use it to purchase items from users seeking credit.

Trading credit for real money:

You are not, and never will be allowed to "buy" credit. The Reefuge does not offer credit, and users are not allowed to sell their credit. This is not made to be a money making feature to raise funds for the forum. This is for users to help the forum grow with regular content and receive some sort of reward for it at the end of it.

If you have any questions or suggestions, please post them in this thread. http://www.thereefuge.com/threads/the-reefuge-bank-q-a.330/

Thanks.
 
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