SWIFTCASH PROPOSAL: 1 MILLION SWIFTCASH GIVEAWAY TO STEEM HOLDERS
Okay so here's how we do it. To be eligible, the steemian needs to have a legit profile with at least 1 post per month in the past 12 months. The steemian needs to have a reputation above 40 and also needs to have at least 100 followers. Then the steemian would get 1 SWIFT for each 10 STEEM POWER they have, up to 10,000 SWIFT max which is almost 40 USD based on the current market price and everybody should know how undervalued our price is here so this is a potential 400 USD giveaway to steemians with 100K+ STEEM POWER!
The steemian will need to follow @swiftcash, and then upvote(at 100% power) and resteem the giveaway post that will be posted by @swiftcash, and then comment on it with their swiftcash address. Given the 1 million giveaway cap, first come will be first served and the giveaway will only be doable until the post can be resteemed which is 1 week from the post datetime. If the whole 1 million is given away during the giveaway week, then great. If not, we can do another post for another week and continue this until 1 million is given away.
Vettings and payments will be done manually for 100K SWIFT.
FYI, this is NOT the giveaway post. This is just a proposal that needs approval. If my proposal is approved, then the giveaway will be posted by @swiftcash. Let me know what you think below!
That's the swift that was used to be digital points that we receive daily before, yes?
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No this is SwiftCash - a fairly new cryptocurrency :]
https://coingecko.com/en/coins/swiftcash
Oh then I don't have that yet haha.
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Greetings @msg768,
Sounds like a good plan.
Does the proposal include this post?
Bentleycapital is in.....Bleujay perhaps....
All the best.
Cheers,
This is just a proposal that needs approval.
If approved, the giveaway post will be posted from @swiftcash.
Thank you for your reply @msg768.
Will be on the look out for it.
Cheers!
i appreciate because you already want to create more activities in the swift community
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Thanks bro!
Monitoring swiftcash. Would be nice to rebrand. Swift name is too common.
But there is no cryptocurrency named after it; we're the first :]
This could be a great idea, but I don't think the requirement for one post per month for the last 12 months is such a good thing. Not many people post that regularly. Some like to read other poeple's posts. Some take holidays. I wouldn't qualify and I'm on Steemit all the time.
This practice where you need to participate to earn the benefit is becoming more common. Komodo's interest is 5% and they recently instituted the requirement that you must manually claim the interest every month otherwise your share goes to the miners.
Yeah but I think maybe one post per month in the past 12 months is a bit too much. There are some new users who would be excluded with a pretty good following. I think we need to change that rule with something more suitable and still keep it tough to create the biggest possible network effect out of it. After all, we're gonna give about 1.2% of the current supply away.
Fair enough! I'm open to re-evaluating that. But there's also one more thing I forgot to mention. Should we consider the SP that is delegated by the steemian or should we deduct that from the steemian's SP? What about the SP that is delegated to the steemian? Hmmm
I'd say no to SP that is delegated to a Steemian, because most of that goes to upvote providers. Including people's SP that they have delegated should be ok. It might include people who are investors only and don't really use Steemit for blogging, but that's not so bad.
But we want bloggers to resteem us not an empty profile with no follower! We're giving money away and we should get something back...
Good point. Maybe just don't include all delegated SP.