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RepUrank and Currency

Spigit allows people to collaborate on a massive geography-defying scale, and extracts meaning from their interactions through the use of RepUrank, spigit's reputation measuring system. RepUrank computes interaction among community members to evaluate people and ideas independant of existing ties. Without RepUrank , social networks increase the amount of people who can interact with each other but do not guarantee the quality or value of the connections that you make or the quality or value of the information that you receive. With RepUrank , the best ideas and people are elevated, not just the most popular.

Spigit uses currency ("spigits") and virtual stocks ("spocks") to encourage employee participation. Employees accumulate spigits by participation, and by trading spocks they help determine the most valuable ideas in the innovation market, and most likely options in the prediction market.

Rewards are an integral part of the spigit suite, from contests, to market trading, to leaderboards and badges. Users get constant feedback on their achievements and work, and it's easy for you to configure a material rewards system, with a company store where people can trade in their spigit currency, or prizes for contest winners and top performers.