1UP News: Fundition Campaign, New Platform Account And UP Token Distribution Explained

in utopian-io •  9 months ago  (edited)

1UPdistribution.jpg

Introduction

1UP is a hivemind curation system for communities where all votes are equal. It funnels upvotes to the highest voted posts and optimizes trailing of community supporters for higher curation rewards. The platform will use its own Smart Media Token (SMT) and distribute that to a large degree via airdrops and bounties to the Steem community.

This is the first post of the new @Utopian-io blog series after creating the new platform account @steem-1up. All previous links of the series by @flauwy can be found on the bottom of this post but will not be added to future posts anymore as 1UP has transformed into a pretty different project than previously anticipated.

Repository

https://github.com/therealFlauwy/1UP

1UP-devider.png

Post Body


1UPavatar.png

New 1UP Account: @steem-1up

Welcome to @steem-1up, which will become the platform account for the new 1UP system. All official posts about 1UP will be done on this account in the future. The old @utopian-1up account is now officially retired. We still have one of the biggest curation trails on Steemauto with the old account (over 500 trailers) but will not make any more upvotes with it. Utopian will be one of our starting communities so we will continue the root idea of 1UP but open up to the rest of Steem as well.


Fundition Campaign Started

1upfundraiser.jpg

Developing 1UP in a heavy bear market like now is really difficult. We have been already investing 4000 Steem but the costs are higher than that which is why we started the 1UP-Fundition fundraiser. Fundition is like Kickstarter but build upon Steem and works exclusively with crypto donations.

The campaign aims to get $3000 for finishing the 1UP development until the Beta release in October. To reward our donators we will offer 6 million UP tokens out of the 280 million total supply (see below for more details about the distribution). This is our first goal. The second goal is another $3000 for continous development after the initial release. As 1UP is not a commercial project but building a decentralized community, we need the support of you, the community. The 6m UP tokens will be split among all backers on Fundition.

If you are interested in becoming a backer please go to our Fundition campaign page and make a donation via Steem or other cryptos.

Our top (and only) backers at the moment are:

@eftnow, @zekepickleman, @hungryhustle, @indigoocean and @elevator09. Thank you so much for your support and welcome to the 1UP family.


UP Token Distribution

1UP will release its own UP token based on Steem's Smart Media Tokens, coming out in March 2019. We will create a total supply of 280 million tokens, which reflects the current Steem supply. The token distribution will happen mostly via generous airdrops and bounties to the community.

Here is our donut chart for the UP distribution:

1UPDistribution.jpg

Airdrop Via User Authority

65 million UP tokens will be airdropped to active Steemians. Instead of doing an airdrop based on the Steem Power holdings, we will use the new User Authority (UA) from @steem-ua. This is an alternative reputation system that will allow us to give much higher airdrops to the average active Steemian. This will allow us to create a much fairer distribution as UP is a community token and we need users to be excited about it.

The airdrop will take place before March 2019 but we have no concrete date for it yet. The entire process will take place via the 1UP wallet on our upcoming platform.

User Bounty Program

65 million UP tokens will be distributed via a bounty program that starts with the release of the Beta app in October 2018. These bounties will be paid for activities on 1UP itself, like delegating Steem Power, upvoting posts via 1UP and receiving upvotes from 1UP.

Further, we will offer bounties for promotion posts, graphics and videos shared via the Steem blockchain.

Community Bounty Program

To give communities directly the chance to grow some handsome stakes and increase the combined efforts of community members, we will distribute another 65 million UP tokens to all participating communities on the 1UP platform. The bounties will be based on the received 1UPs for each community, which also be our basis for the planned community levels.

The tokens will most likely be distributed to the community accounts, if they exist. For communties, merely based on a tag without special community structures behind them, we might create community accounts ourselves and hand them over to the establishing community leaders on the 1UP Discord channel at the end of the Beta phase. When the hivemind protocol from Steemit is published before that, we will likely base our community accounts on that.

1UP Team, 1UP Account and Investor Pool

The 1UP team is currently only made out of a few people but we are quickly growing. Users who support the 1UP efforts internally to bring this project forward will be rewarded out of the 15 million UP token pool.

The @steem-1UP account will get 40 million UP tokens to be functional and dominating the upvoting mechanism of the UP reward pool. The account will never power down the initial amount but will power down extra earnings coming in via curation rewards to create liquid funds for ongoing development and other costs.

Finally, a pool of 30 million UP tokens is reserved for private investors. Out of this pool also come the 6 million UP tokens for the Fundition campaign backers. Any money that is generated with that will go to 100% into the 1UP development and server costs.


1UP Is Looking For You

We are currently looking for more supporters for all sorts of things like Discord moderators, supporting developers for minor tasks and influencers who can more their peers over to 1UP. Joining our efforts will make you eligible for a cut of the 1UP Team pool. Please contact @flauwy or @stoodkev on Discord or directly join the 1UP Discord channel.

1UP-devider.png

Resources

Old Utopian-1UP Homepage (includes a test for the new community creation tool)

Series Backlinks

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This is a great update. As I read and review more of your posts, I am becoming more and more intrigued and excited about 1UP's
potential and future. I would also like to congratulate you on the new account. I think it's a smart move, and trust you'll be able to get many new followers.

I was, of course, excited to read details about the upcoming airdrop.

The post had minor style and grammar issues, that did not have a significant adverse effect on readability. I would encourage you to add that extra bit of polish to make future posts even better.

Your contribution has been evaluated according to Utopian policies and guidelines, as well as a predefined set of questions pertaining to the category.

To view those questions and the relevant answers related to your post, click here.


Need help? Write a ticket on https://support.utopian.io/.
Chat with us on Discord.
[utopian-moderator]

·

Thank you for your review. I appreciate your moderator work for Utopian.

·

Thank you for your review, @didic!

So far this week you've reviewed 2 contributions. Keep up the good work!

This project is interesting, thank you for giving me the opportunity to be part of this.

·

Thank you for joining the 1UP family.

!gif Very excited for 1UP to launch!

·

Thanks, I know you are kind of busy with the upcoming baby but when you guys want to earn some extra tokens and help me with maybe the community or promotion than let me know on Discord. :)

·
·

We’re ready bro! 😄💯

·
·
·

Nice! We get started soo enough.

·

Let´s rock and roll with this exciting project which will bring a more fare curation system for the community.

·

Yes, let's go!!!

This is a great start.

I mentioned this initiative to @nathanmars who is a huge proponent of STEEM and DAPPS and initiatives like this. He invests so heavily in this blockchain and the good active supporters and you may want to take some time to follow and keep an eye on him.

Keep rolling!

·

Cool, thx for the advice.

Whats a hivemind curation sysytem please? What does 1up do exactly?

·

1UP is a new open source upvoting system for communities where all user votes are equal. It upvotes the ten highest ranked posts in each community with a smart system for ideal community support and higher curation rewards. To increase this effect even more we create the UP token based on Steem's upcoming Smart Media Token (SMT) and distribute that to Steemians and communities via airdrops.

·
·

Ok. Thanks for the plain English! I will try and read further. The 'higher curation' rewards has got my attention. Best wishes and thanks again :-)

So many interesting projects happening now! It's getting quite challenging to keep track.

This token will be an actual SMT though?

Posted using Partiko Android

·
The platform will use its own Smart Media Token (SMT) and distribute that to a large degree via airdrops and bounties to the Steem community.

Yes! :)

·
·

That's what I get for reading too fast! Thanks for your response.

to be honest, I don't get the details how this shall work, but that's somehow normal with crypto stuff

on the other hand it sounds promising (and realistic) enough to try to follow and keep up to date with the ideas presented here.

·

Yes, it is a bit complex bit in the end you don't have to understand it all as the use case will be simply and straight forward. Feel free to swing by again and participate in our bounty programs. Here is the first one if you like Steem Monster. Other communities follow soon:

Steem Monster Airdrop[Example Bounty Post] Steem Monsters Giveway (1UP Airdrop): Win Rare Gold Foil Undead Priest ($12 Value)
monster-giveaway.jpgmonster-giveaway.jpg
·
·

thank you for the reply

I upvoted your post.

Best regards,
@Council

Posted using https://Steeming.com condenser site.

😎😎😎

Posted using Partiko Android

Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 2 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.

I upvoted your contribution because to my mind your post is at least 12 SBD worth and should receive 150 votes. It's now up to the lovely Steemit community to make this come true.

I am TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!

Have a nice day and sincerely yours,
trufflepig
TrufflePig

Really loving my feed these days. There's a reason to get excited about something almost every day now. :)

Congratulations @steem-1up! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made your First Vote
You made your First Comment

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

Looking good @steem-1up and @flauwy :-) Good to see you're using the UA score for the airdrops too ;-) Upvoted and resteemed!

Hey, @steem-1up!

Thanks for contributing on Utopian.
We’re already looking forward to your next contribution!

Get higher incentives and support Utopian.io!
Simply set @utopian.pay as a 5% (or higher) payout beneficiary on your contribution post (via SteemPlus or Steeditor).

Want to chat? Join us on Discord https://discord.gg/h52nFrV.

Vote for Utopian Witness!

Congratulations @steem-1up! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got a First Reply
Award for the number of upvotes received

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @steem-1up!
Your post was mentioned in the Steemit Hit Parade for newcomers in the following categories:

  • Upvotes - Ranked 2 with 1065 upvotes
  • Pending payout - Ranked 10 with $ 13,68

I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, consider to vote for my witness!

Hi @steem-1up!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your post is eligible for our upvote, thanks to our collaboration with @utopian-io!
Feel free to join our @steem-ua Discord server

Done