Abstract: A fully integrated, on-line digital collectible award redemption and instant-win program is disclosed. Consumers will receive Limited Edition Digital Objects (LEDOs) from online merchants and websites as a premium for making online purchases, visiting their websites, or doing other activities such as taking surveys, signing up for memberships, etc. LEDOs will be represented on users' computer and TV screens as small images that can be collected and organized in an on-screen viewing album. When activated, LEDOs can show pictures, play sounds and movies, and be used for a variety of interactive entertainment, including instant win contests, and as game pieces for video and online games. As for any collectible, key to the appeal of LEDOs is that they are organized into lines of content that appeals to the passions, interests, and lifestyles of consumers. Utilizing the present invention, LEDOs can also be saved as redemption points, and can be traded in for redemption award.