Here's how I would plan everything.
Credits = LB currency. To begin, everyone gets their credits reset.
Emcee Items, Usertitles, Username Styles, Custom Avatars, Custom Signatures, Tournament Running Privaledges. EVERYTHING runs through credits. It would probably be a little bit easier later if we got some extra coding to make it self sufficient, but for the time being this would require NO coding. Just remove privillages from everyone on the site, and allow moderators the ability to change and edit other people's stuff (pretty sure this is already allowed).
Emcee Item = 50 Credits.
Usertitle = 200 Credits.
Coloured Usertitle Exit = 100 Credits.
Avatar Change = 50 Credits.
Signature Change = 25 Credits.
Exclusive = 1000 Credits (With revamp).
1 Battle = 3 Credits.
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Referral = 100 Credits.
If Referral Gets VIP = 500 Credits.
1 Vote = 1 Credit.
Tournament Win = 250 Credits.
Magazine Article Submission = 10 Credits.
Published Magazine Article = 50 Credits.
Letsbeef Track + Video for Youtube = 100 Credits.
1 Credit = 10c
100 Credits = $10
(The more I wrote, the more off the scale got, but besides the fact that I originally had it 100bucks for a usertitle, you get the jist
)
Would be easy to manage with active moderators (which could also have a 'salary' along with FVC members).