A method and process for providing a merit-based incentive points
system for amateur sports and competitive and non-competitive events wherein merit points are purchased from points administrator and distributed by event organizers and sponsors as participation and performance awards to contestants and participants. Such merit points functioning as points currency of value, can be accrued, traded, exchanged, and redeemed for scholarships, goods and services. In order to maximize points accumulation and benefits, an auxiliary
support system in a form of
social network of parents, relatives, friends, and boosters and supporters, in conjunction with pre-existing reward points credit cards, are recruited to sign up for reward points credit cards, thereby having the earned reward points routed to any designated points recipient. To enhance the liquidity and convertibility of two distinct points systems, and to provide a platform where points can be traded, exchanged, an electronic market exchange provides the means and apparatus to achieve such objectives. Additionally, this invention further maximizes points return by providing the means, method, and platform for points' cash value to be invested in the financial and capital markets, thereby functioning as an alternative form of financial instrument.