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021 Business Model (Inspired by Insurance Company), Steps of transactions,…

- - - - Calculating the risks for each challenge posted
        
        Calculating the maximum wager a person can place in a challenge
        
        Calculating the earning rate and penalty rate of each challenge
        
        Try to convince the users to join more challenging tasks.
        
        Calculating the participation fee of each challenge
    - - Users will deposit an amount of money into their 021 account
        
        Users will use the money on their account to join the challenge
        
        Wager
        
        If the user finishes
        
        Loss
        
        Profit
        
        Users get their wagers back with a profit/loss
        
        2 more items...
        
        If the user quits
        
        He will not receive any earnings during the challenge, and he will be charged a proportion of penalty from his wager.
        
        Participation Fee
  - - - Wager
        
        Since each challenge cannot be quit during the middle, there is an amount of money (the total amount of wager that the users put in for this challenge) that can be freely used during the period of the challenge.
        
        If anyone wants to take their wagers during the challenge, it's equaling saying that they quit. It should be allowed while charging a penalty. The company can use the non-invested cash to pay for this person's cash out
        
        Investments
    - - Participation Fee
        
        The amount of participation fee should be calculated based on the difficulties of the challenge. The amount of participation fee collected should be used as the backup cash flows for the company so that 1. the users can cash out whenever they want 2. It should cover the users' earnings.
        
        Backup Cash Flows
        
        Cover for users' earnings
      - Penalty for Quitting
- - - - If the user completes
        
        Loss
        
        Profit
        
        Users get their wagers back with a profit/loss
        
        Users will use the money to join the next challenge
        
        Users will withdraw the money
      - If the user quits
        
        He will not receive any earnings during the challenge, and he will be charged a proportion of penalty from his wager.
- - - - Try to convince the users to join more challenging tasks.
- - - - Calculate the reasonable charges
    - - Add Extra Sources of Income
        
        Advertising
        
        Products
        
        Investment
      - Reduce Costs
  - - - Participation Fee
      - Penalty Fee
    - - Wagers