IMVU

what are promo credits on imvu

IMVU  is an online social entertainment website founded in 2004,  in which members use 3D avatars to meet new people, chat, create, and play games.   IMVU has over 3 million active users  and currently has the largest virtual goods catalog  of more than 6 million items

Developed Content

A primary focus of IMVU is the member-developed content. IMVU actively encourages the members to participate in the Content creation program. The Developer Program allows members to create and sell virtual products. Developers have access to the IMVU software IMVU Previewer used in creating and submitting new virtual products, and can sell their products by listing them in the online IMVU product catalog. A member must buy his or her name and possess enough credits for "derivation" and submission fees in order to become a content creator. IMVU uses its own proprietary Cal3D format consisted of .xcf (eXperimental Computing Facility) subformats.

Economy

IMVU contains its own economy with a currency system based on IMVU "credits" and "promotional credits." A third form of currency also exists for members who sell custom made items - "developer tokens," which are earned when a user purchases an item with "promo credits." Credits can be purchased online using actual currency either directly from IMVU or from third party resellers. Credits may also be purchased on IMVU gift cards available from retail outlets such as department stores. Credits may not be transferred back to IMVU for actual currency but can be sold to registered resellers who will purchase them for real world currency. The credits are used by members to purchase virtual items like fashion pieces (hair, clothes, skins, and accessories), pets, and 3D scenes.

Promotional credits, abbreviated to "promo-credits" or "predits" are a second form of currency that is distributed to members by IMVU. With relation to a standard free or full member, promo-credits are similar to standard credits. A given number of credits equates to the same number of promo-credits. However, promo-credits cannot be used to purchase items as gifts for other members, and may not be traded back to an IMVU reseller for actual currency. Furthermore promo-credits cheat developers out of income by netting only a single developer token per purchase when used regardless of the price of the product purchased.

IMVU

allows full members to participate in a 'Content Creator Program', which offers participants software utilities for creating custom, virtual, in-client items. They may then sell their items by listing them in an online product catalog. Content creators earn credits when their items are sold and are allowed to resell the credits they earn, though they cannot be resold to IMVU itself. Developer tokens only appear in the instance that a member pays a developer for a custom item, using promo-credits instead of standard credits. Once received by the content creator, promo-credits automatically translate into developer tokens. One developer token is technically worth ten credits, however, developer tokens may only be spent on developer related fees, such as the initial cost that must be paid when putting an item on sale or to buy advertising called a "Shout Out," which buys the purchaser a certain number of placements in the scrolling ads that appears on the top of all IMVU pages.

Community

Many IMVU users are content creators, creating and selling products in the IMVU catalog. Users also devote time to customizing their individual homepages, setting up public and private rooms, and creating and participating in user Groups (similar to forums but personalized via the owner). Additionally, there are numerous user produced third-party websites providing additional forums and resources to the IMVU community.

Introduced recently to IMVU are badges. They were made to promote content creators selling their products, features, groups, or anything else related to IMVU for advertisement.

Due to the fact that many products created by content users do not comply with the Terms of Service, IMVU has been known to have removed such products from the consumer's inventory and not refunding them. Users who have purchased the Access Pass are also not given the full privilege of keeping these items. As most of the consumers in the IMVU community spend real money on these products, there have been several complaints on different occasions demanding fair compensation. IMVU always gives out new IMVU codes to use on your avatar or to decorate your house. Some of these codes are really cool and you can use them to get new products.

http://imvu.wikia.com/wiki/IMVU what are promo credits on imvu

Source: imvu.wikia.com

Category: Credit

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