Bumped into this link. I find it hard to understand what it's about. A token and upvotes if you delegate... ๐ค
I don't understand the win-win part though.
Bumped into this link. I find it hard to understand what it's about. A token and upvotes if you delegate... ๐ค
I don't understand the win-win part though.
hey okay so think about it like this ->
Delegation - 1000 SP -> Your 2 choices are Steem / Tokens.
Steem = 30% APY / payed out daily which looks like : 1000 * 0.3 = 300 per year or (300/365 = 0.822 per day)
Or tokens ->
they represent the steem payouts being automatically reinvested. aka we keep the steem powered up / and give themm the token to represent the number of steem we owe them.
These tokens are pegged to 1 steem each -> and can be withdrawn at any time, however They give you a higher payout when you hold them... They pay a base interest of 0.35 apy daily instead of 0.3 ... and friday saturday and sunday the token holders split 10% of the previous days curration reward.
I am also planning on airdropping profits from my future projects to these token holders as kind of a longterm success thing so think of it like delegating to steemegg -> and mining a token which can be withrwawn for 1 steem / or held for more added payouts longterm
What happens if the token becomes useless? Have seen that happen a bit too frequently. Does it matter or?
I dont understand questions like that because i dont know how you want me to answer...
The way our token is setup -> thats not a possibility .
The steem either gets paid out to you today. and you do what you want to do with it.
Or we keep it powered up to the voting bot and give you a token instead as a placeholder.
Your not buying a token based off of a youtube video promising you to be rich if you buy the token... The token literally isnt even being sold. it's just a long term way to reinvest your daily payout.
My goal though is to add payouts overtime from all sorts of different projects i make that are related. So the beauty of it... is that lets say in 1 year... i release something MAJOR... and now everyone says ohhh those tokens pay out 10 steem a day... Well, if they are only minted from delegation payout... then your just not gonna catch up if you want to wait till the benefit is only on yourside.
not saying that it wont still be worth it for them.
But if the guy delegating for 2 years has 1000 steemegg tokens. and we do like a 200 steem airdrop or somethign weird like that 2 years down the road... Do you think that the guy who delegates 1 day after reading that message who didnt want to delegate for 2 years in a row should be able to just buy some tokens the day before the event and take the benefit away from those who contributed for the long haul.
Additionally say 2 years down the road you undelegate... Well the tokens still recieve payouts just for holding the tokens.
That would definetly be something you should worry about if i was selling the tokens. but they are just a method of distributing rewards. so like lets say the top holder wanted to withraw his tokens... It's going to be like 70 steem or whatever the highest holder is. Now do you think im going to close shop and powerdown just because of 70 steem? hell no i owe so much thanks to that guy for delegating and putting his trust in me =)
if i didnt want to pay people the rewards I just wouldnt offer delegation payout. Theres no reason to offer a payout and then steal the money back it takes a good ammount of time to make the payouts every day.