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RE: Steemits First Scholarship Program
Perhaps it was in more detail in your previous posts on the topic, but I would love to see a more thorough plan as to how this might play out. Application process? Who decides? how much money are we talking? Etc. The nuts and bolts even before it turns into a non-profit or a trust.
That's what I am looking for help with. I will figure it out myself if need be, just not experienced with it. I have some money already converting to steem than I was going to use to powerup. I think instead I will use it to start the account. I don't want financial support for the idea itself.
What I have in mind as an early thought for initial offering. After a trust is created for the steemit scholarship find a school in my area. Let it be known what steemit is and what I want to offer. As for submissions, I don't know if I would want it to be a topical to steemit, or a post about the person explaining their need/plans for the funds.
One entry per day would be submitted to the steemit community on an account tied to the trust. The entry most voted upon by the community would be the recipient. There's several ways to do it though, and that's what I am seeking out. I could also see having 50% of each entries steemdollars generated being returned to the student in the form of a check to institution against tuition. The remaining 50% going towards the ultimate winner on top of their post rewards. Steempower afterwards being powered down and used for weekly income for the first two years of schooling.
Definitely lots of details to be looked into, all of which I am sure I haven't considered. Why it's a plea for help with laying it down
My first post was just the general concept and a plea for someone to do it. I haven't seen the torch picked up. So I am just trying. Either way I have about $100 mid transfer right now I think I can use to start the trust, I can add a little more myself if I need to.
Thank you for fleshing out your plan for me.
I think submitting an essay in the form of a post would be a requisite. One way to do this is to have a "open window for submission" between say the first and 30th of a given month. At the end of it you would post all essays with a special tag and encourage voting. This would give the community a chance to vote on the student would be allowed to keep whatever SD their post generates but the board of trustees or directions of judging panel would 1) keep the SP, and 2) ultimately decide upon the best essay to receive the scholarship.
Funding the student for two years seems like a long shot. The right student should be able to fund themselves using this platform better than the scholarship would. You'd need significant SP to make that work, better it stay in the account to assist with generating rewards for round two.