Steemit Can Run A $500,000 USD Contest, Today, And We Will Only Have To Cut Rewards by %30 For 2-3 Weeks
Okay hear me out on this, I think this is a great idea. Maybe not today but this something to think about as the price of steem goes up (though we can do it at today's price). If you go to the @steemit account you will see that they have a shitload of the coin. This is a good thing because you know the company cares the coin goes up in value as they have a stake in it. Now what steemit does not do is vote with this account. But if they did, they could, in theory, determine where a third of the daily rewards go. Normally we would not want this to happen but if we had a two or three week event, like a major contest or film festival, that we agreed on, it could be a pretty big deal. I am not talking about a small contest, but a worldwide, event.
We will have to do some math here. I think there are 50,000 coins given for content a day (including curation which would go to the post as steemit would upvote the content in the first 15 minutes). We will use 30%, that means 15k a day and at the price of $2 that means $30,000 USD a day. After about 17 days we would have a $500,000 prize. And that is at todays price. That is a massive prize for a contest and it is only 30% of the rewards for a few weeks.
I am thinking of a film contest, like a Sundance or a TIFF (go Toronto :p). I know there are already film makers on here. We can run a global film event on here where the films are premiered and the users can keep the money from their posts on top of the prize money.
I know this is not on the things-to-do list at the moment with on-boarding, communities and apps, but something to think about in the future when the site is ready to advertise itself. And long term it will not cost a thing.
Would you be okay giving up the 30% of rewards for 2-3 weeks to fund a global contest like a film event?
We already gave up 100% for weeks after HF 18 for nothing :p
*my upvotes/rep disclaimer: https://steemit.com/steemit/@whatageek/my-steemit-account-where-i-stand-on-bots-self-votes-and-multiple-account
Possibly my favorite post today
100% upvote and resteemed
@whatageek...Like the idea but some people may not like @JerryBanfield, but he has made an impact and is currently running an advertising campaign on, I believe a $2,000. He's a pretty savvy marketer.
UpVoted & Following...
What does everyone else think... what other potential options are out there ?
Thank You @WhataGeek for creating this Post to get more Steemians thinking about various modes of advertising/marketing...
Have a Great Week !!
Me yes if it is a trustworthy person. I would go even farther with a contest at $ 1,000,000 you would have to involve some media and it would make a pretty advertising shot to Steemit.
Yeah it would have to be agreed upon by the whole company and run by people we trust.
I don't like cutting my rewards at this point in time seeing as how I have hardly received any :)
It is an interesting concept. I think in the future I would be up for it, as of right now I would like to continue to build myself into the Health & Fitness and anime niche, before I start letting any rewards I get go!
Why not?
this is an incredible idea, i love your mind here! I am all for this lets make it happen, love the idea of it being a film contest. if this idea flys out there in reality, all film makers gotta hit up the @soundlegion for original music for there movies. Brilliant idea ;) much love to you
They need to make it a regular mobile game with world interactive like wkth pokemon go