If I remember correctly, when I joined NPP in July 2008 the concept was that the FreeD would be tied to the advertising revenues of NPP. As the ad revenues and profits increased, so would the value of the FreeD, which was at the time set at $1 FreeD = $0.01 USD. Thus, the players would benefit along with NPP as the site grew and became more profitable, which was exciting and interesting.
As far as I can tell, that is no longer the driving concept and the value of a FreeD has never changed (also see notes).
Why is that?
Notes:
How does an Exchange Rate work ?
If you want to determine the USD value of your FreeD bankroll you should take the current exchange rate posted under the left navigation section of every web page and multiply it by your play balance to get your USD cash value.
Example: You have $10,000 FreeDs and the current exchange rate is $1 FreeD for each $ 0.010 USD
Answer: $10,000 x 0.010 = $100.00 USD
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www.nopaypoker.com]
One of the lesser known reasons why we use FreeD instead of USD is the fact that at one point we were going to have the Currency float against the USD but decided it would be very confusing for the players to have to deal with a floating exchange rate.
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www.drcheckraise.com]
10. SITE PROMOTIONAL CURRENCY (hereafter "FreeD" )
10.1 FreeD will be awarded by NoPayPOKER in accordance with terms listed on the NoPayPOKER website. Such terms may be amended from time to time and interpreted by NoPayPOKER at its sole discretion. Beneficiaries will not be notified of any changes to these terms or their FreeD allocation but can check the NoPayPOKER website for the accumulated number of FreeD and the current terms.
10.2 You have 7 business days from the day that FreeD are awarded to your account to contest the number of FreeD awarded and to provide written notice to NoPayPOKER of any error in the number of FreeD awarded. After 7 business days after the date of the award, you will be considered to have irrevocably accepted the number of FreeD awarded and waive any rights to contest the number at a later date.
10.3 All FreeD will be issued on a free of charge basis and have a nil current value. In themselves, FreeD have no intrinsic value but may be used to indicate a players’ right to participate in future promotions or activities.10.4 Any projected valuation of FreeD are purely a hypothetical concept based on events or promotions that may not transpire. As such, these projected valuations are neither a market place to transact the FreeD or an indication for others to do the same. NoPayPOKER reserves the right to change these projected valuations, and/or the criteria for these projected valuations, at any time and without prior notice.10.5 Any returns either monetary or in kind, due to FreeD awards will be distributed on a schedule to be determined at NoPayPOKER’s absolute discretion. There is no guaranteed payment associated with the FreeD and past allocations are not an indication of future payments.10.6 Any returns will be made to the Player’s NoPayPOKER account
10.7 Any projected or estimated values that are directly or indirectly indicated within correspondence, the NoPayPOKER website or any other communications are not binding and may be retracted at any time. There is no guarantee that the Beneficiaries will receive any economic benefit with respect to receiving FreeD.
10.8 You have no rights to pass on your entitlement to other persons and forfeit all rights at death at which point your FreeD allocation and future rights will be cancelled
10.9 You will be responsible for paying any due taxes on your entitlement.
10.10 You must agree to receive all communication via email.
10.11 You must maintain your active player account to keep your allocation of player awarded FreeD. You will forfeit any associated FreeD if your account is deemed to have lapsed, become inactive or have been terminated. The definition of an inactive player account may be found in clause 10.14. Such terms may be amended from time to time and interpreted by NoPayPOKER at its sole discretion. You will not be notified of any changes to these terms but can check the NoPayPOKER website for the current terms.
10.12 Your referral must maintain their active player account for you to keep your allocation of referral awarded FreeD. You will forfeit any associated FreeD if the referral’s account is deemed to have lapsed, become inactive or have been terminated. The definition of an inactive player account may be found in clause 10.14. Such terms may be amended from time to time and interpreted by NoPayPOKER at its sole discretion. You will not be notified of any changes to these terms but can check the NoPayPOKER website for the current terms.
10.13 You will forfeit all rights to FreeD promised or already allocated from any source if this agreement is deemed to have lapsed, become inactive or have been terminated for any reason whatsoever.
10.14 You agree to indemnify, hold harmless, not to sue, and agree that you have no legal right to any action against NoPayPOKER, associated companies, directors, agents or service providers with regard to the FreeD offering, associated payments, prizes or promotions.
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www.nopaypoker.com]
