2020 August – The Listia Blog

August 31, 2020 by listia

Listia is taking another big step in our 11 year long journey today, and we are extremely excited to launch the addition of Listia Points + the new Props rewards and leveling system!

Points

Listia Points are completely re-designed to be a simple, stable, in-app currency for buying and selling goods on Listia. For users that loved our old Credits system, but hated the fluctuating value of both Credits and XNK, this will be a HUGE upgrade and a welcome change for all. You will of course be able to continue using and spending your main XNK balances, including both deposits and withdrawals, but for the actual trading on Listia, Points is the new in-app currency.

Props

We are also introducing Props to the marketplace! Props is a brand new rewards and leveling system for all Listia users. You earn more Props for activity such as leaving feedback for a purchase or earning positive feedback after you sell something. The more Props you have, the higher your Props Level, and the higher your Props Level, the more bonuses and incentives you receive. Rewards such as lower transaction fees and bonus Points when you buy can be earned just for being an active Listia member.

Here is a quick video introducing Props on the Listia app:

All users will start off at a Props Level based on all of their previous activity, positive feedback, old XP system, balances, and social status on the site. In addition, all users that are placed in a Props Level will also receive a number of grandfathered Props to start. You will also be able to upgrade existing balances (coming soon) and continue to earn even more Props by successfully buying and selling on Listia!

In addition to Listia-specific rewards, Props also gives users a financial stake in the very networks they are contributing to. In the case of Listia, buying and selling earns you more Props, which gives you a larger and larger stake in the overall Props network. Props tokens are earn-able, withdraw-able, and usable in several other social apps too, with even more coming. Please take a look at the Props Project page for even more info and to find out what else Props can do for you!

More Details

Want more launch day specifics and info about what’s changing and how to migrate? Read this previous post.

Want a product-specific preview of Props and Points? Read this previous post.

THANK YOU for all the support over the last 10+ years. We are continuing to iterate to make things better, and while Listia has experienced it’s fair share of ups and downs, we are very excited about the future!

Listia Points & Props Launch August 31!

August 24, 2020 by listia

listia_props_2

Here we go! We’re finally ready to bring you Listia Points and Props on August 31st! Thank you for all of your patience over the last few months in anticipation for this exciting new experience coming to Listia. We’ve outlined a lot of the product features in previous blog posts, but here is a short recap along with some launch day details. For more information feel free to read our old blog posts linked below. As always, feel free to send us a ticket if you have any questions!

Launch Day 8/31/20

On Sunday night (8/30/20) we will have downtime scheduled for a few hours. You’ll see a banner at the top of the website with the exact time window. When you log onto Listia on Monday morning, the upgrade should be be completed and you’ll see all the new features in the marketplace.

Open listings and unpaid listings will be converted to Listia Points
XNK store credit will be automatically converted to Listia Points
XNK main balance will remain as is (XNK is still 100% supported and can be used at checkout and withdrawn)
Legacy Credit balances (if you still have one) will be automatically converted to Listia Points

Props

Props Tokens will be the new mechanism for powering our rewards, loyalty, and bonus system on Listia. We’re super excited to be partnering with the Props team. The first time you check in to Listia either on the web or our mobile apps you’ll receive your grandfathered Props grant which will be based off your account status and history with Listia. Existing XNK balances can optionally be upgraded to Props as well (coming soon). This is a one time grant for being a member of the community and everyone will get a different amount based on your account status related to your feedback, badges, items sold, balances, etc.

After that, you can earn Props in a few different ways on Listia, such as: receiving positive seller feedback, giving a feedback to a seller, earning certain badges, and sometimes completing daily goals. The more Props you have on Listia, the higher your Props level will be and the better your Listia benefits will be (lower transaction fees, offer bonuses, Listia Point purchase bonuses). Props also aims to give users a real financial stake in the network, so the more Props you have, the larger your stake becomes (see https://www.propsproject.com/ for more details).

There are also some more advanced features with Props that will be documented in our knowledge base if you have any other questions!

Listia Points (PTS)

Points will be the new in-app currency used for the Listia marketplace! Buying, selling, bidding, etc. will all work the same way as it has for many years. Of course, XNK will still be 100% supported at checkout and for withdrawals as well, but having a stable in-app currency for the actual buying and selling will help improve the marketplace considerably and shield it from outside fluctuations for the most part. We are also bringing back in-app currency purchases to make it easier to reload your Points balance. You’ll also be eligible for purchase bonuses based on your Props level!

1 More Week!

The team has been working hard on these changes and we’re excited to bring them to you! Once again, thank you for being a part of the Listia community and we hope you are staying safe during this unprecedented time.