Updates to the Reward System in the FreeCompliments Community – April 2024
Addition of LEO, CCD, and NEOXAG Tokens
I’ve been in discussion with all 3 tribes about including these tokens as part of our reward system, and so far I’ve had positive responses!
Why did I choose these in particular?
$LEO happens to be one of the most popular tribes at this time, and there’s a lot of utility being added to the entire InLeo project. I’m a stakeholder myself, and I believe that the moves they’re making are going to help Hive as a whole. I’ve already integrated this into some of our rewards and will continue to add it in.
$CCD belongs to CryptoCompany CEO, a long-term project in the works which offers a voting service in exchange for a number of CCD tokens. You can find more information about it right here. The returns you can receive for this number of tokens, absed on the price, delivers a genuinely great value. We’re considering using it for posts and in some cases, comments as well. @PowerPaul and I are currently figuring out exactly how we’re going to integrate the token into the rewards system, but I can certainly tell you that it will happen!
$NEOX belongs to Neoxian City, a long-term project headed by @neoxian which has been around for several years, and thanks to his close monitoring, has become a trusted and stable project within the Hive ecosystem which shows no signs of letting up. It also has a voting service via @neoxiancityvb. Here is an explanation of how to use it. Note that this can only be used for posts, not comments. However, I can still award NEOXAG for great comments (hint, hint!).
I have delegated to all of these projects so that we can have a consistent inflow of all tokens. I am already a stakeholder in all of these, as a sign of my confidence in and commitment to these projects.
Discontinuation of DVS/DHEDGE
A few days ago, it appears that the @dhedge account undelegated its HP from all of its tribe-token related accounts, and also discontinued the DVS:swap.HIVE pool. Unfortunately, once again, there was no communication from the project leader as to what these moves actually mean.
I have kept my personal stake and the stake of multiple community accounts intact, awaiting any type of communication, but none has come to fruition. To me, this is indicative of a dead or dying project. Hence, I am going to be unstaking all DVS tokens, selling them on the market (or through the available pools), and using the HIVE I receive back for other aspects, whether this be trading via @fc-arbitration, purchasing other 2nd layer assets including those listed above, or possibly bringing the swap.HIVE back to the 1st layer and staking them with delegations into consistent, profitable projects.
Unfortunately, the $DVS token price has dropped considerably, so I’ll only be getting a fraction of the original value I had put in. It just goes to show how important communication is to a project’s survival – even a brief, 1 minute unformatted update, written once a week or every two weeks, would likely have saved the project. Who can retain confidence in a project if every aspect of its functionality is not working, and we’re sitting in silence waiting to be told what’s going to happen next?
It’s a strong lesson for people planning to start projects in the future. Talk to your constituents and stakeholders, even a little bit. I’ll certainly continue doing so as leader of the FreeCompliments community. Even if, sometime in the distant future and for whatever reason, I step away from the project – I will be certain to communicate this.
Conclusion
What do you think of the inclusion of these particular 2nd layer tokens into the rewards system? What do you think of our plan to discontinue our DVS stake? Are there are projects you think would give strong incentives to our users for participation? We appreciate all opinions!
Disclaimer: FreeCompliments (@hive-140084) will be a 20% beneficiary for this post.
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Posted Using InLeo Alpha
Dear Community, I'm gradually collaborating with a few tribes and optimizing our rewards system! Come check out my progress thus far. This is going to end up quite lucrative for everyone!
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(If you were tagged, it’s because you’re an inaugural member – please let me know if you don’t want to be tagged and I’ll stop, pronto!)
Really excited for these new rewards.
You are well done nice to be a part of your community)
Yours is a very good work, congratulations.
That's awesome!
U invest lotta work here homie, gratz for all the progress and thanks for always thinking on the community 🤘🏻💌
Thank you very much for all these sincere efforts you have been making to move this community forward.
Love these tokens in the rewards pool.
The inclusion of NEOXAG is a fantastic move for the FreeCompliments community. Here's why:
Trusted and Stable Project: As mentioned, Neoxian City, led by @neoxian, has a proven track record of stability and reliability within the Hive ecosystem. This makes NEOXAG a valuable addition to the reward pool.
Direct Comment Rewards: Unlike CCD, NEOXAG can be awarded for both posts and comments. This opens up the opportunity for a wider range of community members to be recognized and incentivized for their contributions.
Long-Term Vision: The focus on Neoxian City's longevity aligns perfectly with FreeCompliments' commitment to a thriving community. NEOXAG's potential for growth alongside the project is a positive sign.
Moving on from DVS
The decision to discontinue the DVS stake seems well-founded. The lack of communication and declining project activity are concerning. Reallocating those resources towards projects like Neoxian City, with strong leadership and a clear vision, is a wise move for the community's future.
Looking Ahead
The inclusion of NEOXAG alongside LEO and CCD creates a diverse and rewarding system for FreeCompliments users. This shows a commitment to recognizing valuable contributions across different areas – posts, comments, and overall engagement.
Overall, this is a positive step forward for FreeCompliments! I believe the community will benefit greatly from the inclusion of NEOXAG and the continued focus on rewarding active participation.
I love this update so much. ❤️🦄❤️🦄❤️🦄❤️🦄❤️🦄
I took a hit on DVS as well, I've been trying to sell them but the price has gotten so low it's pennies on the dollar. I already dumped my DHEDGE as well. A great lesson for all, never risk what you can't afford to lose!
I really like Neoxian and CCD, I think you're making a great move there!
!BBH
@freecompliments! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @thebighigg. (9/50)
I didn't know what was going on at DHEDGE, but I did notice that I hadn't seen it lately. Sorry to hear that you haven't heard from them...
I have always been impressed with your community management. I am personally glad to see that LEO are being incorporated into the rewards. I am a holder myself😊
It's a shame about Dhedge, I believe everyone has given more than enough time for taskmanager to atleast communicate something.
I am already into Cryptocompany, so I guess its about time I do more on LEO
I think these are good choices,
LEO is a very powerful token, I just think it plays a little too solo in the Hive community.
CCD is still in full development, but it's promising and I support them.
NEOXIAN is powerful too, but I'm sorry I didn't get involved sooner.
For DVS, but it's true for other projects, they shouldn't depend on a single person, but rather on a team. If the person fails, for whatever reason, the project takes a dive.
!BBH
!ALIVE
@freecompliments! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ servelle. (1/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
@freecompliments! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @servelle. (1/5)
Actually I like what LEO's been doing to help Hive as well. If you check out their recent work with the decentralized exchange, it's going to give $HIVE itself a new bridge, which is something we haven't had before.
Let's see what comes of the other two as well. So far, everything looks promising and more stable than before!
You are right, I saw about the swap bridge, and that's a great improvement, maybe LEO will help HIVE to get out of its isolated position in the crypto world.
The new token additions sound great! Yeah, I'm pretty sure the DHEDGE project is dead, much to my chagrin. I unstaked my ARCHON and DVS, and along with my DHEDGE, I've been adding them in two diesel/liquidity pools, which allow me to keep the assets if the project comes to life again, and to put them to good use earning rewards. This experience with DHEDGE made me create some criteria to follow for investing in projects moving forward. Thank you for all you do for this community! 😁🙏💚✨🤙