Fox 5 Featured Gastro-Entertainment Portal Launches Stakeholder Reward Program
December 10, 2007 (PRLEAP.COM) Technology NewsTASTESPACE.COM – the new Web 2.0 gastro-entertainment portal featured on Fox 5 has launched “Cheque Please” – its participatory reward program offering dedicated users the potential of earning a stake in the company’s success.
Under the groundbreaking interface incentive arrangement, registered users receive points for their site contributions, and other value-adding activity — ranked according to the accumulated points in their MyTasteSpace (MTS) accounts.
Top tier MTS points-holders will then be placed in a pool of “Ultimate Users” eligible for various benefits including participation in a “success fee” fund. Users’ respective allocations will be determined by their ranking relative to other Ultimate Users. Monies for the fund are generated if certain pre-conditions are met in the event that the Company’s equity is sold.
Acutely aware of the vast sums being offered for sites like Facebook and YouTube, and mindful of the growing frustration of internet users seemingly denied the fruits of their labor, TasteSpace is launching “Cheque Please" to give its users an opportunity to enjoy some of the potentially significant gains that could be generated.
TasteSpace enthusiast and former Yelper, Aaron Ginsberg, wrote:
“Just as I was beginning to question the value of websites to which I was contributing my time, energy, and content, I found TasteSpace and “Cheque Please”. These guys have reached out to those of us in the world of user-generated communities with an idea we were all waiting to hear.”
J. Michael Conti, founder of Facebook group “The Facebook Dividend” has been calling for Facebook to pay its users for their contributions to the platform if the company goes public. “As a community of users, we want to feel that we’re sharing in a website’s success. TasteSpace is giving us that opportunity.”
TasteSpace CEO, Ajay Rajani, said:
“I am delighted with TasteSpace.com’s timely introduction of the “Cheque Please” program to our rapidly growing community of discerning consumers. Following our recent televised coverage on Fox 5 and our tie-ups with Seamless Web and the New York State Restaurant Association, this new user-reward program builds on the success of our highly targeted entry into the New York gastro-entertainment sector – arguably, the most dynamic in the world.”