Hey everyone,
I’m stoked to announce that a project that I’ve been working on for the past 1.5 years is starting to take shape.
Satoshee – The Winners’ Club – is now online!
What is Satoshee?
Satoshee is a website that offers its customers gift cards, exclusive discounts, a lucrative Loyalty Program and also Open Source Culture – an initiative supporting the creation and distribution of copyright-free media such as books, essays, art and audio.
Satoshee Strategy is, as the name implies, a Bitcoin-focused company, but not a Bitcoin company. The people using our services don’t necessarily need to use, own or even be interested in Bitcoin, but in order to get maximum benefits out of using the service, using Bitcoin and the Lightning Network is encouraged.
Some standout features of Satoshee:
- Gift cards are generally sold at a discount compared to their nominal values
- Gift cards are delivered digitally and instantly as codes only (after successful payment)
- Bitcoin (both on-chain and Lightning Network) are preferred for payments & incur an additional 2% discount at checkout
- Anyone can use the website and make purchases, even without registering an account
- Open Source Culture initiative to support the creation and distribution of copyright-free media
- Registered members can earn Bitcoin and discounts via the Loyalty Program – from both their own as well as their friends’ purchases
- Satoshee Gift Cards act as referral links – making them potentially the most lucrative gifts EVER
- The prices of premium memberships are based on the BTC price; memberships are for life
- nostr, X & Google login/account creation enabled
Who can use it?
Anyone can use our services. Most products can be purchased without registering an account, while becoming a registered member automatically enrolls you in the Satoshee Loyalty Program, making you eligible for perks and bonuses offered within the program. Customers have the option to upgrade their membership level in order to earn higher bonuses from purchases, activity and/or get better discounts straight away. __No subscriptions; memberships are for life.__ The membership levels are priced loosely according to the price of BTC (as per the 200-week simple moving average price) and are valid for life. Memberships can also be acquired with Loyalty Points. Since a lot of the features of the memberships are still in the pipeline, they have been discounted by 40%. The discount rate will be lowered as more and more features get implemented. The prices on Satoshee Global are denominated in USD.
What does it solve?
Rising costs of living; inflation & stagflation pressures:
With the gift card and discounts part of the business, the idea is to help people fight stagflation and to get better value for their money.
I like the acronym DBPDD (just rolls off the tongue, doesn’t it?), which has 2 interpretations:
Discounts on Bulk Purchases Distributed Digitally
Deflationary Bitcoin Power Distributed Digitally
In the Satoshee business model, the 2 work in synergy, which should give us the option to provide the best value for money for our customers.
By doing so, we also support the companies we work with – by providing essentially short-to-medium term credit by buying gift cards in bulk – as well as introducing their products/services to the Satoshee members. This is one of the main reasons why the very first companies we partnered up are also Bitcoin-focused ventures.
Lack of avenues to spend Bitcoin in the real world:
As a bitcoiner, it is still mind-bogglingly difficult to spend the hardest money in the world. Well, I was thinking, if most businesses don’t want to accept BTC but will happily accept fiat, then I will pay them fiat and resell those products for BTC myself. In that sense, Satoshee is also a competitor to Bitrefill and the likes. However, Satoshee does not deal with altcoins; and doesn’t shut its door to pre-coiners. People can use the website and purchase things also with other methods of payment (credit & debit cards, Apple Pay, Google Pay, etc.). However, there is a $20 USD minimum order size for all other payment methods aside from Bitcoin. Since Bitcoin does not charge bank fees nor is susceptible to fraud and chargebacks, paying in BTC also results in an additional 2% discount at checkout.
Lack of avenues to earn Bitcoin in the real world:
Via the Loyalty Program, people can earn Loyalty Points – as usual. However, on the Satoshee website the points can be exchanged for BTC rewards via the Lightning Network. The program also entails in itself a lucrative referral program, whereas not only can you earn small percentages of what you and your friends spend for life, but you can also “refer” people by giving out Satoshee Gift Cards – the Satoshee Gift Card acts similarly to a referral link and if your friend decides to register an account when using the gift card, they automatically become your referral.
Lack of support for open source art:
In recent years (especially within the Bitcoin circles), there has been a lot of emphasis on the importance of free and open source software. However, culturally, this idea of “build and give it away for other people to use,” is still in its infancy. With Open Source Culture, we want to incentivize the creation of copyright-free media and to help bring the ideas of V4V (Value-for-Value) & digital abundance into the spotlight.
What’s coming?
– More partnerships, especially with companies outside of the Bitcoin circle
– Unique customization options for gift cards
– Region-specific subsites and the ability to earn Loyalty Points in whatever jurisdiction you’re currently in
– Plenty of contests, games and raffles
– Profit-sharing with power users
Do you offer a product or a service? Can you do gift cards or discount codes?
We may be able to work together. Get in touch! My DM’s are open everywhere, or just email me: kontext@satosh.ee
Do you have any feedback, suggestions, bug reports?
Again – get in touch! Leave a comment below, my DM’s are open everywhere, or just email me: kontext@satosh.ee
You can also leave a message via the Contact Us page.
Onward 🤠
Harder Kink AKA Kontext
Founder & CEO, Satoshee Strategy
