Patent ID: 7765149
Filing Date: 2010-07-27
Classification: G06Q

Abstract:
1. A method for incentivizing a plurality of participants to trade goods and services of a vertical market on a marketplace, the method comprising: using an ownership processor to issue at least one warrant to a participant who agrees to trade goods and services of the vertical market on the marketplace, in which each warrant is convertible into at least one ownership share of the marketplace based on the participant's performance on the marketplace; receiving information about the participant's performance on the marketplace from a trading processor, in which the trading processor and the ownership processor are in communication over a network; using the ownership processor to determine, based on the participant's performance, a quantity of warrants that is convertible by the participant into the at least one ownership share of the marketplace; determining a type of transaction that is provided by the participant; determining, based on the type of transaction, a fee that is paid to the participant; and transmitting to the trading processor a notification of the quantity of warrants that is convertible by the participant and the fee that is paid.