What do you think about this for myLot?

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I think that myLot users should each have their own ranking, which would be different from their rating. There would be about 15-20 available ranks depending on how many posts you have and what your rating is like. If you have a higher ranking, you should be able to have more advantages such as removing spam and suspending user accounts. Things like that. The higher ranking you have, the more money you would make as well. So you could almost become a myLot mini-admin. The whole ranking system would also be user regulated, so if a higher ranking user is abusing his/her power enough lower ranking users can vote on him to be "investigated". If you have any ideas about this, please post them here, I would love to see what you think.