Introducing dblog.io and DBLOG

It has been only less than two years since I joined a community called Steemit. However, I am a blogger with almost 10 years of experience, writing my daily life and scientific articles, marketing my business online, and monetizing the blogs and homepages in a variety of ways. In the last few years, blogging has successfully sustained my life with three kids.

So, why do you keep blogging? An honest and simple answer might be profit. The more traffic, the more profit. This is the king of the rules governing the world of the internet. The next stronger rule might be the more users, the more profit. Therefore, most bloggers in the world always think about how to attract more traffic to their content in order to make more value with their content.

What is dblog.io?

Now, on Steem blockchain, we have a lot of users from the globe, which already satisfies one of the rules mentioned above. In addition, by a lot of users writing a daily blog, we have the chance to make great content which brings huge traffic. That is what we already have. The problem is we have failed to make values with what we already have and we have failed to return the profit from the value to the participants, the bloggers.

dblog.io has two important missions. First, to make value with the content that the users create. Second, to return the profit generated by the content to the content creators, the bloggers. Therefore, dblog.io will be a new community where bloggers make value together and the profit from the value is given to the bloggers.

Here is the link: https://dblog.io

PoT and PoS

How could we do that? We introduce a new concept of Proof of Traffic. Of course, dblog.io is based on Proof of Brain just like any other SCOTBOT. On top of PoB, dblog.io wants to reward the posts which attract the most traffic on a daily basis. The traffic data will be analyzed with Google Analytics, and the top three posts that attract most traffic will be upvoted by @dblogger every day. Therefore, the account @dblogger will try to stake just enough DBLOG token to lift the three posts on the trending and will upvote only 3 times a day.

dblog.io will also enable Proof of Stake, which takes up 40 percent of the reward pool. Only by staking DBLOG on your account, you will be able to get DBLOG token. And the profit generated by the value of the content will be returned to the bloggers according to their DBLOG stakes. (We need to discuss how the profit will be paid in the future.)

This is the basic concept.

DBLOG Token & Initial Distribution

To curate the content shown on dblog.io we have created a Smart Contract Organizational Token (SCOT) called DBLOG. DBLOG tokens will be rewarded to posts within the #dblog tag. Each post will have a 4 day period where users can vote on its value. After 7 days, the author will get 60 percent of the resulting value, and the curators will get 30 percent. The rest 10 percents will be paid to the beneficiary account, @dblog.bene, then it will be used for the operation.

There is no airdrop and pre-sale of DBLOG. There are currently 3.5M DBLOG in circulation with a maximum supply of 1B. 1M DBLOG will be given the team for the operation and never be sold. 2.5M DBLOG will be sold on the market at the price of 0.01 STEEMP per token for a week after the launch of dblog.io. After a week of the token sale, the leftover tokens will all be burned by sending them to @null. Then the PoS for DBLOG will be activated.

Since all the staked holders of DBLOG will mine 40 percent of the reward pool by PoS, there will be no miner on dblog.io. DBLOG will be the only one token on dblog.io.

Initial Applied SCOTBOT Settings

author_curve_exponent: 1
author_reward_percentage: 60
beneficiaries_account: dblog.bene
beneficiaries_reward_percentage: 10
cashout_window_days: 7
curation_curve_exponent: 0.5
downvote_power_consumption: 1000
downvote_regeneration_seconds: 432000
enable_account_muting: false
issue_token: false
json_metadata_app_value:
json_metadata_key: tags
json_metadata_value: dblog
miner_tokens: {}
mining_pool_claim_number: 0
mining_pool_claims_per_year: 0
n_daily_posts_muted_accounts: 0
other_pool_accounts: {}
other_pool_percentage: 0
other_pool_send_token_per_year: 0
pob_pool_percentage: 100
posm_pool_percentage: 0
promoted_post_account: dblog.promo
reduction_every_n_block: 10512000
reduction_percentage: 5
rewards_token: 5
rewards_token_every_n_block: 5
staking_pool_claim_number: 0
staking_pool_claims_per_year: 0
staking_pool_percentage: 0
token: DBLOG
token_account: dblogger
vote_power_consumption: 200
vote_regeneration_seconds: 432000
vote_window_days: 4

These settings will definitely change in the future, just like I said PoS will be activated 7 days later. And there are rooms for minor changes in the settings. You will want to follow @dblogger and me to be sure you're aware of any future changes.

All Topics Are Welcomed!

Since dblog.io is a community for all bloggers, there is no limitation on the topic acceptable. All topics are welcomed. There will many more updates coming in future posts, including the community guidelines. If you have any suggestions please let me know! I hope to make dblog.io a place where the bloggers really get rewarded for their effort and time.