# Points Economy
Configurating a Points Economy is the easiest first step in creating a points based rewards program with the following features:
* Awards customers a points (n) for each unit of currency spent.
* Expire Points
* Establish Membership Status Levels (e.g. VIP, Silver, Gold)
To create a Points Economy click "Add Economy" in the Navigation of the TallyMarks Console.
### Core
#### Name and Description
Esablished the Name and Description of the Program.
#### Status
Configured with one of the following status values:
| Status | Description |
| --------- | ---------------------------------------------------------------------------------------------------------------------- |
| Configure | An Economy that is in the process of being initially configured. |
| Test | An Economy that is configured, available for testing but is not Active |
| Active | An active Economy. Once a Economy has been made Active it cannot be edited and can only be made Inactive or Archived. |
| Inactive | An Inactive Economy. Once an Economy has been made in active is cannot be made Active again. |
| Archived | An Archived Economy that is in a read only state. |
### Effective From Date
The date that the Points Economy is effective from.
{% hint style="info" %}
If more than one Points Economy is active, the Points Economy with the most recent "Effective From Date" is used.
{% endhint %}
### Points Earning and Expiry
#### Base Points Earning
Established the rate of base points earning that customers are awarded as points per unit of currency spent. This is based on Order.Total, Transaction.Total.
#### Points Expiry Mode
Set the Points Expiry Mode, see [Points Expiry](https://docs.tallymarks.io/key-concepts/points-expiry)
### Levels
Points Economy supports the establishment of Membership Levels based on spend thresholds.
Spend thresholds are based on:
* Spend since the customers anniversary date ( Order.Total, Transaction.Total) for Levels where the Level Expiry Mode is Anniversary Date based (Until Anniversary Date, One Year Until Anniversary Date).
* Spend since the last expiry where the Level Expiry Mode is based on Inactivity (Points/Spend).
#### Expiry Mode
The Level expiry mode defines how long a customer remains on a level:
**Until Anniversary Date:** Membership of the attained level expires at the Customer's anniversary date. For example, if a customer's join date is 31 May 2020 (making their anniversary date 31 May) and they are added to the level on 23 December 2020, they will remain a member of this level until 31 May 2021.
**One Year Until Anniversary Date:** Membership of the attained level expires at the Customer's anniversary date plus 1 year. For example, if a customer's join date is 31 May 2020 (making their anniversary date 31 May) and they are added to the level on 23 December 2020, they will remain a member of this level until 31 May 2022.
**Inactivity (Points):** Membership of the attained level expires as a result of no points activity after t days. Spend thresholds are reset and accumulate from 0 if a customer recommences activity.
**Inactivity (Spend):** Membership of the attained level expires as a result of no spend activity after t days. Spend thresholds are reset and accumulate from 0 if a customer recommences activity.
### Sending Events
Order and Transaction Events sent (see [Sending Events](https://docs.tallymarks.io/getting-started/sending-events)) to the TallyMarks platform will respond to the configured Economy creating transactions as required.
For more complex rewards scenarios [rules ](https://docs.tallymarks.io/getting-started/creating-your-first-rule)should be created.
