Our Driving Force: The Token
Capture your values and KPIs in Tokens, with BonusBank
Our Driving Force:
The Token
Capture your values and KPIs in Tokens, with BonusBank
Use Tokens to drive change
By linking them to your core values and key metrics, and by using them in a single performance feedback space for talent and teams.
The Token is like a thread that runs through your entire organization. It is:
The Key
Not only the key element to recognize, reward and give feedback to your teams with superior timing, flow and impact,
The Link
But also the link between all your tools and Performance Accounts
Use Tokens to drive change
By linking them to your core values and key metrics, and by using them in a single performance feedback space for talent and teams.
The Token is like a thread that runs through your entire organization. It is:
The Key
Not only the key element to recognize, reward and give feedback to your teams with superior timing, flow and impact,
The Link
But also the link between all your tools and Performance Accounts
But... What is a Token?
Tokens are digital units that represent a value. Within BonusBank, these values are aligned with your corporate KPIs, mission and vision. The values that Tokens represent can be anything, like for example:
Skills and Abilities
Recognition
Rewards
Skills and Abilities such as:
Recognition like:
Several rewards, including:
But... What is a Token?
Tokens are digital units that represent a value. Within BonusBank, these values are aligned with your corporate KPIs, mission and vision. The values that Tokens represent can be anything, like for example:
Skills and Abilities
Recognition
Rewards
Skills and Abilities such as:
Recognition like:
Several rewards, including:
Types of Token
Let’s begin with a question: what are they used for? Why do we need them? The answer to these questions leads us to two main types of Tokens:
Financial Tokens
A Financial Token represent a (monetary or other) reward, but is a conditional Token; that is, it depends on a specific event: completion of a goal, a date, an end of a period, closure of a financing round… Their value only becomes real and redeemable after this event.
Soft Tokens
Soft skills are represented by Soft Tokens. They measure the talent and capabilities of teams and individuals, as well as, for example, social recognition.
This type of Token has a direct impact on a Performance Account as it defines a person’s performance profile and evolution.
Financial Tokens
The conditionality enables you to give rewards at any moment in time without immediate financial (i.e.: payroll) consequences because the Token has no value until its condition is realized.
This type of Token can be linked to prizes, bonuses, shares of a company or donations.
Soft Tokens
They have either a social value facilitating the interaction between colleagues, or they help to map individual and team performance when each Token represents a specific skill.
In our free starters offer you can choose from a list of 30 Soft Tokens.
Do you want to view the list of 30 Soft Tokens we’ve created for you?
Types of Token
Let’s begin with a question: what are they used for? Why do we need them? The answer to these questions leads us to two main types of Tokens:
Financial Tokens
A Financial Token represent a (monetary or other) reward, but is a conditional Token; that is, it depends on a specific event: completion of a goal, a date, an end of a period, closure of a financing round… Their value only becomes real and redeemable after this event.
Soft Tokens
Soft skills are represented by Soft Tokens. They measure the talent and capabilities of teams and individuals, as well as, for example, social recognition.
This type of Token has a direct impact on a Performance Account as it defines a person’s performance profile and evolution.
Financial Tokens
The conditionality enables you to give rewards at any moment in time without immediate financial (i.e.: payroll) consequences because the Token has no value until its condition is realized.
This type of Token can be linked to prizes, bonuses, shares of a company or donations.
Soft Tokens
They have either a social value facilitating the interaction between colleagues, or they help to map individual and team performance when each Token represents a specific skill.
In our free starters offer you can choose from a list of 30 Soft Tokens.
Do you want to view the list of 30 Soft Tokens we’ve created for you?
Token Use
Now that we know how they are used, let’s discover how they are created and how they start to flow.
01. Creating Tokens
There are two ways to get tokens. Get started with standard tokens or create your own personalized ones:
Standard Tokens
Great for small and medium sized businesses including startups. Discover our out-of-the box reward and feedback solution: the BonusBank Token Pack.
Custom Tokens
Ideal for organizations with specific needs. Link your values and business to personalized Tokens. Thus creating your own Token Pack or using the existing Token Packs from our Partners.
01. Creating Tokens
There are two ways to get tokens. Get started with standard tokens or create your own personalized ones:
Standard Tokens
Great for small and medium sized businesses including startups. Discover our out-of-the box reward and feedback solution: the BonusBank Token Pack.
Custom Tokens
Ideal for organizations with specific needs. Link your values and business to personalized Tokens. Thus creating your own Token Pack or using the existing Token Packs from our Partners.
02. Making them flow
The Tokens are the way to drive change and they need to flow! With instant feedback, real-time recognition and continuous rewards you make change happen. Transfers can be done directly by the software tools you are using or come from batches that managers prepare or be done manually using the app.
Manual Transfers (App / Web)
- ONE BY ONE. The APP can be used to give tokens to one or more persons.
- BATCH. If you have a lot of transfers, you can do that much faster preparing them online using our easy web form.
Automatic Transfers
- PDX. Your management and productivity software can trigger transfers, for example when someone finishes a task on time.
- API. If you use Slack or any other team communication software, our API enables both transfers and the receipt of BonusBank notifications directly in this familiar environment.
02. Making them flow
The Tokens are the way to drive change and they need to flow! With instant feedback, real-time recognition and continuous rewards you make change happen. Transfers can be done directly by the software tools you are using or come from batches that managers prepare or be done manually using the app.
Manual Transfers (App / Web)
- ONE BY ONE. The APP can be used to give tokens to one or more persons.
- BATCH. If you have a lot of transfers, you can do that much faster preparing them online using our easy web form.
Automatic Transfers
- PDX. Your management and productivity software can trigger transfers, for example when someone finishes a task on time.
- API. If you use Slack or any other team communication software, our API enables both transfers and the receipt of BonusBank notifications directly in this familiar environment.
The Token flow is key, but how they flow is equally important and this depends on their properties.
Token Properties
Not all tokens behave in the same way. In fact, you can program their behavior. For example:
Direction
Do you want them to flow horizontally between colleagues or top-down, from leaders to team members, or in any direction, from any person to any other person?
Forwarding
Can tokens be sent only once or can they be forwarded by their recipients?
Interval
Daily, weekly…how often are they sent?
Pause
Can a token be sent again to the same person or do people have to send one first to someone else?
Benefit
Attach a monetary or other concrete value to each token (and thus create a Reward Token).
The Token flow is key, but how they flow is equally important and this depends on their properties.
Token Properties
Not all tokens behave in the same way. In fact, you can program their behavior. For example:
Direction
Do you want them to flow horizontally between colleagues or top-down, from leaders to team members, or in any direction, from any person to any other person?
Forwarding
Can tokens be sent only once or can they be forwarded by their recipients?
Interval
Daily, weekly…how often are they sent?
Pause
Can a token be sent again to the same person or do people have to send one first to someone else?
Benefit
Attach a monetary or other concrete value to each token (and thus create a Reward token).
Token packs are the Key to a Custom Performance Account
Tokens are a means to drive change. As smart incentives they help turn intentions into habits.
The Tokens are able to flow continuously as signals of appreciation and of personal and team performance.
Each Token represents one of your key values or metrics. Implement Performance Accounts to focus people on their daily progress and evolution towards personal and team success.
Do you want to know more?
Token packs are the Key to a Custom Performance Account
Tokens are a means to drive change. As smart incentives they help turn intentions into habits.
The Tokens are able to flow continuously as signals of appreciation and of personal and team performance.
Each Token represents one of your key values or metrics. Implement Performance Accounts to focus people on their daily progress and evolution towards personal and team success.
Do you want to know more?
Useful Resources
Contact us
- Email:
- Phone :
Foixarda St, no number
Tarragona 43008, Spain
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