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Methods and online systems for conducting participant owned, managed, and marketed perpetual competitions utilizing dynamic ranking models and forming social networked marketplaces and economies
Methods and online systems for conducting participant owned, managed, and marketed perpetual competitions utilizing dynamic ranking models and forming social networked marketplaces and economies
This invention includes original systems and methodologies required to conduct perpetual online competitions within social networked marketplaces and economies. Among these systems and methodologies are: perpetual competition-based earnings model, Judges' ranking expiration and devaluation, Judges' ranking upvaluation, and perpetual competition-based business entities and exchanges. The first three inventions are intended to motivate and incentivize four groups of competition participants: Organizers, Contestants, Judges and Followers. The fourth invention provides entrepreneurs the systems and methods for creating a multifaceted business entity within the framework of an online social platform. All inventions function in tandem to form a dynamic and endlessly evolving competitive environment to maximize entertainment value and business development opportunities.
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