Litcoin Credits Affinity Program
Litcoin credits are a virtual currency created exclusively to incentivize users to engage in goread.com. The program is based on a cash equivalent points program that is detailed herein. Litcoin credits carry no value outside of this virtual community and there is no cash equivalent.
How Does It work?
The idea is simple: Its like a fun game of engagement. As you add books to your virtual library, follow your friends, become fans of your favourite authors, share interesting posts on our social media channels, link your other social media channels to your goread.com account, make posts, etc you will be awarded badges of recognition. For every badge your earn, you will also be given Litcoins. You can grow your Litcoin bank account as large as you want to and there is no limit to the amount of Litcoin credits you can accumulate, but you must redeem the credits within 12 months.
What can you use Litcoin credits for?
Well books, of course! You can use your Litcoins to buy physical books, you can redeem your Litcoins for almost any item that is sold in the book store. Although Litcoin credits are actually a fictitious currency outside of our community, in goread.com Litcoin credits are as good as money when buying books.
Earning Litcoin credits by buying books.
You will earn Litcoin credits for every book you buy. At goread.com we allow independent authors to create their own book pages and offer their self-published works for sale. As a result of this Indy book program and special relationships that goread.com has with it’s publisher partners, the amount of Litcoins you will receive for a book purchase will vary depending on the title, but you can be assured that the more books your buy, the more Litcoins you will accumulate.
How do you earn Litcoins for your activities in the community?
It is really simple, the more you engage the more credits you accumulate. Follow the chart below to see what activities will earn you the most Litcoin credits.

Activity
# of Litcoin credits
each book added
1
5th book added
5
10th book added
10
15th book added
15
20th book added
20
25th book added
25
50th book added
50
100th book added
100
150th book added
150
200th book added
200
every 50th book added after
50

New Fans following you
# of Litcoin credits
50
50
100
100
500
500
1000
1000
every 500 after
an additional 500

Number of authors you are following
# of Litcoin credits
each author followed
1
10th author
10
20th author
20
every additional 10th author
10

Shared Links onto other social media pages
# of Litcoin credits
each link shared
2
10th shared link
20
20th shared link
40
50th shared link
100
100th shared link
200
every additional 50th shared link
100

How do you use your Litcoins?
We have tried to make this as simple as possible, as you are shopping in the store, buying books or selecting your adds. Your total due will be displayed in US dollars. Directly beside the US dollar total will be your total in Litcoins. Adjacent to your total will be the total of Litcoins in your account. If you would like to pay for your purchase with your Litcoins, simply hit the “use my Litcoins” button.
Doing more with your Litcoins!!!!
At goread.com, we are committed to changing the way people write, read and experience books. We are also committed to giving back with our GoRead Gives program. We will donate the cash equivalent of 5% of all the Litcoins that are redeemed on an annual basis and donate them to worthy “book-related” causes. If 1 million Litcoins are redeemed at goread.com, we will donate $50,000 USD to these causes. The more Litcoins that are spent, the more funds we donate.
On an annual basis, GoRead will receive applications for funding support from worthy organizations that are running not-for-profit causes that are related to books. Our private review panel will decide who the worthy groups will be and how much of the cash they will receive. The lucky recipients will be invited to attend the annual GoRead Choice Awards and Writer’s Conference where they will be awarded their funding.
Terms & conditions
Litcoin credits can be redeemed for book purchases, pay-per-click advertising, GoRead Buzz subscription and other products and service that may be introduced at later times.
Litcoin credits are a trademarked program of GoRead and are not transferable to other programs.
Litcoin credits may not be accumulated for more than 12 months.
goread.com reserves the right to cancel the participation of any user in the Litcoin affinity program if they are found to be manipulating the program or created fake results/purchases.
When litcoin credits are redeemed for purchases, these points are subject to deduction in event of a return of goods purchased.
goread.com reserves the right to change, cancel, amend, or enhance this program at their sole discretion.