You are viewing a single comment's thread from:

RE: HiveCommunityStats(HCS) tool announcement - Get your data + Get rewarded for engaging with others in LeoFinance , CTPTalk , SPS . Next on list - STEM

in LeoFinance8 months ago

Man that is a great tool! I believe that it's really necessary to bring additional value to commenting on the blockchain. The way you do this also allows to support the usage of the specific front-ends. This will mean more page impressions, more income, more token burnt!

If I understood the concept correctly, you are actually paying these rewards from your own pocket? My suggestion would be to instead of paying rewards to use upvote capacities. I would imagine that you have this reward account upvoting one comment of the person who solicitates a payout which got accepted by the algorithm.

It could be a minimal upvote of 1 - 3% according to quality of commenting. With low percentages you don't run out of voting power. Then we could link specific accounts to those upvotes. Meaning that according to the front-end, it could deliver a vote in LEO, CTP or Sports. These accounts would feed from their own curation rewards and they would grow over time. You could calculate the upvote value according to the voting power of the account to make sure it doesn't run of voting power. To push the project people could delegate tokens to these reward accounts.

This is just a suggestion. I really love the concept and the realisation!

Posted Using LeoFinance Beta

Sort:  

When I started coding this , I thought about voting instead of Liquid earnings but didn't go for it for following reasons

1.Unfortunately I don't have that amount of tokens staked .

  1. First I want to collect data of how many people are using this consistently and then make this decision.

But eventually the plan is to move from Liquid token transfer to upvoting.
Thanks a ton for the suggestion.

Posted Using LeoFinance Beta

It's just an idea how to improve but the whole concept is great already! Great coding :-)

I agree with you completely though . If I want to make this project sustainable , I will have to shift to voting from liquid transfer . Will see what I can do in that matter :) Thanks again for stopping by and sharing your opinion.

Posted Using LeoFinance Beta

It's good to know that it will eventually turn into voting. I kind of feel bad taking liquid rewards from the account because it means it would not be growing much.

It could be a minimal upvote of 1 - 3% according to quality of commenting. With low percentages you don't run out of voting power. Then we could link specific accounts to those upvotes. Meaning that according to the front-end, it could deliver a vote in LEO, CTP or Sports. These accounts would feed from their own curation rewards and they would grow over time. You could calculate the upvote value according to the voting power of the account to make sure it doesn't run of voting power. To push the project people could delegate tokens to these reward accounts.

Awesome thoughts here. Indeed, other supporters could delegate tokens to the account for sustainability sake.

Posted Using LeoFinance Beta

I believe there would be quite a lot of people interested in supporting such a project.