Submitted by Let me explain on Tue, 05/11/2010 - 05:21.
OK lockerz gets money on ads. Duh. Then they use a certain percent of those profits to actually buy the items for you to redeem. Now lets be honest for a moment, how much of they're money are they willing to give up on prizes. The answer is simple, enough to keep you thinking that you will eventually get a prize. So lets just say they spent enough money so that at least, 10 percent of everyone on lockerz can redeem some points. Those ten percent can then convince everyone else that you can actually get a prize through the site. Lets also keep in mind that when they finally restock stuff it sells out in minutes because there are too many points to redeem. This means that it doesn't matter how many points you have because they are inflated, everyone has a lot of them. This also lets people "feel rich." Which is true, except that you spent all this time, on there site and inviting people to get inflated (useless) points. And what do you do with all those points? You sit and wait with immense anticipation, for the next restock. And when it comes you can't redeem because there isn't enough prizes for everyone. So in conclusion YOU EARN THEM MONEY AND YOU GET NEXT TO NOTHING, except for the very few, who serve as "proof the site is real" Unfortunately, right now at least, this isn't illegal, because they do give you a product "eventually" which might be years and years from now. And after the site has been shut down for fraud, YOU DONT GET ANYTHING.
OK lockerz gets money on ads. Duh. Then they use a certain percent of those profits to actually buy the items for you to redeem. Now lets be honest for a moment, how much of they're money are they willing to give up on prizes. The answer is simple, enough to keep you thinking that you will eventually get a prize. So lets just say they spent enough money so that at least, 10 percent of everyone on lockerz can redeem some points. Those ten percent can then convince everyone else that you can actually get a prize through the site. Lets also keep in mind that when they finally restock stuff it sells out in minutes because there are too many points to redeem. This means that it doesn't matter how many points you have because they are inflated, everyone has a lot of them. This also lets people "feel rich." Which is true, except that you spent all this time, on there site and inviting people to get inflated (useless) points. And what do you do with all those points? You sit and wait with immense anticipation, for the next restock. And when it comes you can't redeem because there isn't enough prizes for everyone. So in conclusion YOU EARN THEM MONEY AND YOU GET NEXT TO NOTHING, except for the very few, who serve as "proof the site is real" Unfortunately, right now at least, this isn't illegal, because they do give you a product "eventually" which might be years and years from now. And after the site has been shut down for fraud, YOU DONT GET ANYTHING.