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Happy holidays everyone!

Last week, JC announced that soon, your empowr balances would be stabilized so that the value of your balance remains the same regardless of the empowr coin price.

Today I’m happy to announce that those features are ready to go live.

Over the next 24 hours, you’ll notice a series of updates across the site including:

1.       The stabilizing of your balance

2.       Displaying prices in your local currency

3.       Marketplace listings on-hold

 

Let’s discuss what you can expect as a result of each.

 

The stabilizing of your balance

As discussed in JC’s post, the empowr engineers will be putting in place the functionality that allows you to maintain the value of your coin balance regardless of the price of the empowr coin.

 

What you can expect

Every time you earn coins on empowr, your earnings will now maintain the same value regardless of the empowr coin price. This includes your founder coins and legacy coins.

If you are viewing your balance in empowr coins, you’ll notice that the number of coins in your balance will increase or decrease as the price of the coin fluctuates. If you are viewing your balance in your local currency (such as U.S. Dollars), however, your balance will remain the same regardless of the price of the coin.

Now you can be confident that every time you earn (from selling, coaching, hitting your goals, etc.) that the value of your balance will never fluctuate based on the price of the empowr coin.

 

Don’t know how to change the currency displayed in your balance? Just click the down arrow next to your balance at the top of any page and you can select from over 100 currencies:

Stabilizing your empowr balance

 

Displaying prices in your local currency

In addition to stabilizing everyone’s balances, the empowr engineers will also be updating the pricing logic across the site to display the price of almost everything in your favorite local currency (instead of in empowr coins):

Stabilizing your empowr balance

This update will not only make the site more user friendly for buyers, but it will also make it easier for sellers to price their listings competitively because they have full control over the cost of the item without any fluctuations due to the empowr coin price increasing or decreasing.

 

Marketplace listings on hold

With the value of your balances now intact, and the pricing of everything displayed in your local currency, we will need to reset all marketplace activity prior to December 26th so that there are not any conflicts with listings previously priced in empowr coins versus listings priced in another currency.

 

What you can expect

 

A. Marketplace listings are now displayed in your local currency

When you create a new (or edit an existing) marketplace listing, you can now store the pricing information for that listing in your local currency.

Stabilizing your empowr balance

When your listing is viewed by others on your profile or in the marketplace, they will see the cost in their own local currency based on the real-time conversion rate.

 

B.  All marketplace listings have been paused

All active fixed price and auction listings will soon be paused, and the pricing for each listing will be set to the minimum possible price in your currency.

 

To make your listings active again, simply visit your I’m Selling page, click on the listing you want to publish, and update your pricing data at the amount you wish to sell each item for.

 

C.  Sales and refunds will be added to your legacy coin balance

Any amount earned (from “item received” or refunds) from sales that were initiated prior to December 26th will be automatically added to your legacy coin balance. From there, your coins will retain their value and you can release them to your main coin balance at any time.

Any coins earned from sales initiated after December 26th will continue to be added to your main coin balance as they are earned.

 

And that’s it!

With your balances now stabilized, the empowr as you know from JC’s last post, engineers are moving their attention to some very exciting marketplace features that will make it BOTH 100 times easier for shoppers to find the products that they want, AND the same for sellers to earn profits. Stay tuned for full details on that soon!

 

Any questions? I’m here to help!

Your president,

Carlos

170 Comments
:

Dinesh Yadav

Thanks for update Good update.

6 months ago
Adeleye Ismaheel

These are lovely improvements for the marketplace and would make trading much more simplified. The prices of listings regardless of the present coin value would now look stable across the platform.
Thanks for the updates.
Happy New year in advance.

6 months ago
Elena Ivantsova

Thank you for the information

6 months ago
Yahjindu .B . Nwaokeabia

Thanks for the update

6 months ago
Mayowa Sangosanya

Thanks for this updates, JC, truly Empowr coin need to be stabilized. Thanks for your proposed move to stabilize the coin

6 months ago
Mohi P

Thank you for the updates, Carlos!

6 months ago
Omowumi Jebe

Thanks for the update

6 months ago
Alex Aurora

Thank you Carlos!

6 months ago
Zhanna Beloshapko

Thank you Carlos, for new update!

6 months ago
Muddasir  Raza

I love the idea

6 months ago
Muddasir  Raza

excellent

6 months ago
Muddasir  Raza

Thank you Carlos for your update!

6 months ago
Md Alauddin MIa

Thank you Pres. Carlos for this amazing updates. Wish u all a Happy new year 2019!

6 months ago
Angela Jurmoni

Thank you, Carlos, for the update! Good luck in your work!

6 months ago
Nadezda Jevstafjeva

Thank you Carlos for the great update. Happy New Year! ♥

6 months ago
Vandi Thomas

Thank you Carlos, for the update.

6 months ago
Nirmesh Kumar Tarar

Nice feature late is better than never thanks empowr team.

6 months ago
Olga Puchkova

Thank you Carlos for updates

6 months ago
Adenike Ekundayo

Thanks for the update.

6 months ago
Sudhir Singh

Thank you Carlos for updates

6 months ago
Ludmila Alexandrova

Thank you Carlos for your update!

6 months ago
Olena Rudenko

Thanks for the update

6 months ago
Valerie Le Bihan

Hi JC,Carlos, And The Whole Team!!... Great Update...I M Very Happy... I Do Have A Question, I Have Many Sold Items, Who Never Has Been Marked Received, For Some Reasons!!... I Dindn't Dispute Yet, Because Its not Good For My Green Baarre, Right?
Since Empowr Check Every Single Sales(Because Of The Fraudster)... Would Those Items, Will Be Automaticly Marked Receceived, And I Will Get Paid?... Or Do I Have To Dispute, Witch I Hate... And Get The Concequetions?
Thanks!!!
Happy Hollydays Everybody!!... And 2019..Here We Come"")
Val.

6 months ago
Carlos Andrade

Hello Valerie. Thank you for your comment and question. No. All pending transactions will stay as they are. If you want to receive the coins from your sales you need to dispute them. Disputes only affect your progress bars if you are the one causing the dispute. For example: If you haven't delivered a product, or marked it as received. If you dispute and can present proof of delivery, you will get your coins and the buyer reputation will be affected.I suggest that you dispute those transactions so you can receive your coins (as long as you can present proof of delivery).

6 months ago
Valerie Le Bihan

Thanks Carlos, I Will"")

6 months ago
Elmarie

Carlos or JC
Can you tell me why my Power Level is gone today? I was Pearl Star. Bidding bar also.
https://prnt.sc/m4cljr

I copied this from the blog:
Why is my pre-coin balance so high?
As a ‘thank you’ to our longest standing empowr citizens, we’ve given you $1 USD in pre-coins, for each pre-coin you had before this process.
The result is that you will never again have issues upgrading to your highest power level desired regardless of the coin price, at least for many years to come.
It also means that when you hit your daily goal and spin the mission wheel, you should always have enough pre-coins to convert into coins, also for a long time to come.
Thank you in advance

6 months ago
Jenni Barley

Thank you Carlos for this amazing improvement in the marketplace!
Wishing you and your team, and of course all citizens, all of the very best for the New Year 2019.

6 months ago
Ola Olawumi

Thank you sir for the great update.

6 months ago
Ashok Bagaria

Thanks for the update. Wish you all a very happy new year 2019:)

6 months ago
Naresh Patel

Thanks Carlos for update this will help boosting marketplace productivity.

6 months ago
Catharina Claessens

Thank you Carlos. Great updates!

6 months ago
Anthony Obaze

Thank you very much for the excellent update. New features will impart positively on our economy and coin.

6 months ago
Vasant Saptarshi

Thanks for update.
I think new function will help faster activity.Sales and buying will increase.
Regards
vasant

6 months ago
Valentin Beşliu

This site deserves to be modified from the ground, if we continue, so the number of empowered citizens will decrease every day.
That's what like, share, and bidding ... it's not the only way to succeed! The quality of the posts and the products sold should be interesting!
It's time for us to have some basic rules at the beginning of the year that will be kept holy ... my opinion, otherwise everything goes from rape!
I hope these new features are auspicious!
We will live and we will see !
Merry Christmas !

6 months ago
Personlab Yb

Hello, Valentin
For what reason will people leave as you say? And what exactly do you want to change?
Yuriy

6 months ago
Valentin Beşliu

Of course I know !
Who can do the job here ... Newcomers do not have the interest to get involved, they have transferred some coins for the beginning, they do not know for what?
I am old here, I have some experience ... I am part of the "lot I have done many experiments" I hope they will not be endless !!!
I've invested money, I'm trying to get my contribution as much as I can, the results are too much to be expected!

6 months ago
Personlab Yb

How many people have you trained and how many of them have remained on the site and continue to work?

6 months ago
Khaleeq Ahmed

Hi, Mr. President,

Thank you for the exciting announcement, now the confusion of balance for the citizens will over and the marketplace will be readable in simple words, great, waiting for new marketplace features,

Thank you,

Khaleeq Ahmed

6 months ago
Anna Sveshnikova

Thanks for update.
I think new function will help us and our coin.

6 months ago
Anton Goronkov

Thank you Carlos, for new update!

6 months ago
Ken Spence

I love the idea that the prices will be displayed in our own local currencies, that will make buying and selling so much easier - this is the best xmas present ever - thanks team

6 months ago
Vasil'ev Sergey

Thanks for the update, Carlos.

6 months ago
Abdul Quddus Salman

I simply thumb up for this strategy and best wishes for mission success

6 months ago
Radhika Purohit

Thanks carlos for the update and again its a great update for marketplace improvement

6 months ago
Lyudmila Bogomolova

Thank you Carlos for your update!

6 months ago
Jeszaran

Kedves Carlos
Empowr Mernokok
Rengeteget dolgoztam a fehér csillagert. Fizettem. Volt hogy az Empowr a havi megélhetése emelte le a számlámról. Rengeteg előadásom volt. Segítettem embereket. Batoritottam.
A feladatokat teljesítettem. Visszaminositettek sárgára. Most feljebb kerültem. Tennivaló van. Nem áll arányban a Power emelkedés a munkával.
Most nem engedik a napi feladatokat kitolteni.
Egy elkeseredett Empowr volt alapító.... Stb...
Aki már a fehér csillagig eljut nem kevés munkával. Védetté kellene tenni
Koszonom
Aranka

6 months ago
Carlos Andrade

Szia. Nem vagyok biztos benne, hogy teljesen megértettem-e az aggodalmat (a fordítás nem jó). De azt hiszem, hogy a teljesítményszinthez kapcsolódik. Ha jobban meg tudja adni az aggodalmát, biztosan megpróbálok segíteni.

6 months ago
Adekunle Adejumo

Thank you Carlos for this informative update. These new features will definitely impart the value of our coin positively and also Empowr economy as a whole.

6 months ago
Marijke Van Giffen

I am very happy with this update. I find the endless rows of figures so confusing. Maths isn't my strongest point and for me, it makes a difference when there are only a few figures to be read. Thank you, Carlos & team.

6 months ago
Hiral Verma

Thanks for the update Carlos

6 months ago
Air

Correct me if I am wrong, but I don't see how you're stabilizing anything at all, here!

From the side of the seller: If I sell something today, worth, say $100, I receive coins of that value, at the rate of the day my item sold, is marked as received. By the time I get these coins in my hands, in order to use them -not to profit but, to renew my inventory, they worth, say, $50!

From the side of the buyer: If I have coins worth $100 and I want to use them to buy an item today, by the time I am ready to mark it as received, the $100 worth coins I had at the time of purchase, worth now, say, $60 and I have to use the ethers I have in my wallet -if I have enough.

The destabilizing factor, obviously, is related to the fact that you are issuing billions of coins everyday. Yesterday the coins in circulation were 1,356,255,899,800 and today are 1,461,774,994,630!

The sooner you understand that the inflation caused by this unrestrained issuance of new coins is catastrophic for the marketplace, the better.

6 months ago
Air

Suppose that today I have coins worth $10 (say for example, that I have 1,000,000,000 coins) and I bid for an item of same value ($10). Suppose that there are no other bidders and that I win the auction at the price of $10.
Suppose that after the auction has ended I still have these 1,000,000,000 coins but they're equal to $7, then, because of the constant devaluation. What happens in this case?

6 months ago
Air

And let me expand the question:

a) Suppose that in my wallet I have ETH to cover the (10-7=) $3 missing. Would the system withdraw $3 value of ETH from my wallet, to cover the transaction? If so, who would be the beneficiary of my ETH? The seller or empowr will withhold the ETH, giving coins to the seller?

b) What would be the case if in my wallet I have only ETH less than the $3 missing, of the example?

6 months ago
Carlos Andrade

Hello Air. Thank you for your questions.
As you know, when you bid no coins are deducted. Your coins only get deducted in when you confirm the payment.
You can place bids even if your coins balance is not enough to cover for the transaction.
At the moment of the payment the system will check your payment settings and deduct accordingly.
If you don't have coins to cover all your payment the system will try to use Ether in your wallet to complete the payment.
All payments to the buyer are made in coins.

6 months ago
Irena V.Dragan

Thank you for the Updates!

6 months ago
Vikram

Thanks carlos for improvement

6 months ago
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