I should probably delegate to @wherein
A little slow on the uptake here but after noticing quite a few accounts with decent votes from @wherein, I decided to take a closer look.
Steem+Instagram
Quite a bold claim on the profile page, but aiming high from the get-go sounds like a plan to me.
A look through the posting history of @wherein shows they started out about 6 months ago. Most of the blogs are presented in Chinese, which likely gives clues to the nationalities of the developers and/or the target audience - and that's a large target audience, one which has had issues I hear in recent years with regards to accessing online content.
The first post written in English is two months old and introduces @wherein as a 'A Steem-based lifestyle social media platform'. Below are a couple of exerts from this post:
We are budding entrepreneurs from People's Republic of China........The voice of Steem is too low in China......Based on the Steem blockchain protocol, we have developed a social media payment platform that demonstrates lifestyle——WhereIn (www.wherein.io).........
Alright, so they have an app, and, they've done some research into what to focus on....
First, Light blog——A simple way to share the world's moments..........in the WeChat ecosystem, users of light blogs are 100 times more than blogs...........
Second, the check-in Dapp——Remember everywhere ............ in the Instagram platform, 30-40% of users have geographical location in content, 35.4% of photos have geo-location maps, and 30.9% of videos have geo-location tags
The app is supposedly designed for 'ordinary users' and touted as easy to use, oh, and they have some tokens planned for delegators. In the final paragraph of this opening post:
....please give us the agent (@wherein). For the wherein agent, we will give 10 times up-vote power, and we will also give the excess WhereIn SMT reward to you.
I'm not too sure what this means. Perhaps their second post in English will explain further.
https://steemit.com/cn/@wherein/wherein-on-the-road-community-version-1-0-launch-and-delegation-plan
Communities and a Delegation Plan
WhereIn has developed a new simple community function to enable each individual to build self-centered communities (tags). Small communities combine into bigger ones. Individuals connect with each other and create new communities. Each community is independent and is connected to each other at the same time.
Hard to visualize, but it sounds promising. Anything with 'communities' sounds promising and @joythewanderer seemed fairly happy with the application when she gave it a go a little while back: https://steemit.com/dtube/@joythewanderer/v4bx1i3q
What else then?
Early Bird Token Rewards Delegation Plan........ We apologize that we didn’t provide enough details on our delegation plan earlier.
Apology accepted, I shall read on.
All delegators are allocated 7200 tokens according to the amount of their delegated SP. The token rewards will be reduced to half of its previous amount in each of the following 6 months....... After we release the WhereIn Token, at least 100 SP delegation is required to receive WhereIn Token rewards......... The delegation will stop and be announced when it reaches 300K SP.
@wherein currently have 103,000 delegated Steem Power, about a third of the way. But wait, there's more to this delegation.....
All the curation rewards of WhereIn will be given back to delegators. The daily curation rewards of WhereIn will be shared to delegators the next day according to their delegation amount.
And...
Before the release of WhereIn Token, delegators will be upvoted in the power 10 times of your delegated SP amount once a day. Delegators who post with WhereIn will be supported by more up-votes.
So for the delegators, there are tokens on the way, you are paid a % of the curation rewards and given an up-vote, all based on the size of delegation. Time to check out what the curation rewards and the vote look like.....
Gimme STEEM
https://steemit.com/@wherein/transfers
A 1000 SP delegation paid 0.125 STEEM yesterday. That's roughly 6 cents.
The vote for a 1k delegation is 28 cents, a quarter off for curation is 21 cents + the STEEM send from @wherein, about 27 cents.
That sounds pretty good, and especially for someone not voting for themselves. A 27 cent vote for someone not voting for themselves (and so earning 0 curation for their own posts) is the equivalent of a 100% vote at 13750 SP.
Last bit
@wherein have a huge target audience and are making the right noises with regards to communities and easy of use, and the rewards for ahem, selling your stake to further this plan look pretty good too.
For my account it looks like a no brainer. The only issue is that with a 1000 SP delegation to @wherein, I would have around 5.5% less stake to issue each day. I guess that's not tooo much to lose in one move, I think I'll sneak a delegation in right now and see if anyone notices.
Cheers
Asher
this is why building your SP is so important. right now I am unable to delegate in order to reap larger rewards. 30% of my SP is to much.
that is why I am working so hard to increase SP
Absolutely! I'm glad you get it and understand that a 30% slice on your current SP is probably a bit too much to lose right now.
Basically, this delegation helps no-one but me in the short term, @wherein a little - they grew by about 0.95%, but the people I vote for will not be benefited right now. In future though, my SP will be growing that little bit faster :)
You do have to grow your account also.
Me too and we can only do what our account allows.
Priorities
Ah dude, I'm not sure if this is your first time sneaking something... but the most important part of sneaking is to not tell everyone about it.
😂 I'm not that sneaky it seems, thanks for the tip!
I’ve heard of wherein a few times but never got around to really digging deep. Thanks for doing all the leg work 😎
Have you figured out if it’s possible/how to switch the wherein app language to English on IOS?
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No worries :)
I had a look for the app earlier and it wasn't showing on iOS, so I'm guessing it's country restricted for now? That or I'm being a dumbo :)
I think the only way to download is direct through their website using that first link for IOS. I’ve got the app downloaded but can’t seem to find a way to turn the language into English which makes navigating a bit challenging lol. Found a post from 2 months ago with someone asking for an English version but can’t find anything more recent
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Ahh, you got further than me. I've not read anything that says the app has an English setting. You would think that this would come in an update post.
The English writers for their posts only arrived 2 months ago, so hopefully it is in the pipeline. Thanks for the info :)
Right? Ahh gotcha, fingers crossed, thanks for the info as well ;)
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As far as I know, China baned steemit. They're trying to find the way around that.
I remember seeing that info but coylnt locate it. In that case, @wherein could become very important and very popular in no time. Cheers!
Its an app targeted towards the Chinese market. (Saw you discuss it in the comment section) Thats probably the reason they havent added english yet.
Its great what they are doing. By offering a great deal to delegators (SP+votes) they get to increase their SP and reward their users. The Chinese market is huge and i really think Wherein could go places.
Who knows... Could be a sleeping giant for STEEM.
Been delegating for months now.
After hearing again that Steemit.com isn't available in China, @wherein definately has sleeping giant potential. Well done for getting in early.
Honestly, I delegated for the votes.
Im just pretending to be enlightened. 😂😂
😬
The votes certainly help, but here you get a couple of bonuses and can rest easier in the hope you've delegated to a project with some serious on-boarding potential.
Lol. I like to joke. 😂
A target audience of more then a billion people and not only that, the culture there of long daily commutes (from 1 to 6 hours daily) leaves a lot of room for mobile phone use, mobile phone gaming. Etc.
Huge potential.
Posted using Partiko Android
Add to the fact that the potential of bringing a Steem based app to the Chinese people could potentially lead to an explosion of growth for the ecosystem and you have even a speculative play on the tokens as well! They have been consistent as well so cannot say I have been disappointed at all!
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Yep, all in all, one of the bast cases for a Steem Power investment right now 😁
Delegations are my next goal, now that minnowhood is reached. But do want some more SP on my side before changing/adding my delegations. This one doesn't look bad at all, thanks for sharing!
A sound approach - a good % of your stake/voice should be held onto at all times I think if you are keen to grow within the community and not just SP.
For sure! My plan is to grow around 50 SP each time, save around half of that value for delegations, and another 50 SP, and so on. Let's see if it is feasible, aiming for 1000 SP undelegated by the end of the year.
Edit: i have been delegating to them for awhile. i like their idea, post a picture and a few words. just buy more steem to keep status quo lol
It seems that are plenty of people more savvy than me!
I've been desperate to buy these past few months, so much so I got a new contract at my old job but it was pulled at the last minute. There has to be something around here that I can sell, a kidney perhaps 😊
lol. i sold a heap of crypto at a loss to build my steem account. seems nothing is easy:) wherein just put out a new post
A brave move, I hope a good choice in the future. STEEM is all I have in crypto (and just about everything else) so you can see I am hopeful that we are in the right place.
Thanks for the post notification, I apprear on their delegates list already, yay! The posts reads that they are keen on making on-boarding as easy as possible, I like these guys already 😁
They're cranking out the account creation tokens. 240 or so in the bank.
I was actually looking into them as well last night but want to compare them with the many other options available as I only have a limited amount if SP I can afford to delegate out in order not to reduce my support to my followings too insignificant.
As to the term 'agent' which sounds weird to English speakers, the Chinese term for delegation is the same term as an agent. In both cases you are authorising a third party to act on your behalf, so when one google translates the chinese term to English，you get agent and proxy. I imagine agent was used because it's easier to understand than proxy.
Do you delegate to Steem-UA? I think (depending on your rank and posting frequency), that could be slightly more favourable in a voting, but then you don't get the tokens and the daily STEEM send.
Thanks for clearing up the 'agent' sentence, that makes sense now. Cheers!
Let us watch and see how it turns out. I wish you all the best. As for me I’m just trying to be with my steem power for now.
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SP is the most important investment, a wise choice 😊