Hey Hello!! These days I will not be able to rest easy until I have better planned the details of the tribe and before I start with more advanced marketing strategies and other things, I want to go step by step to build a solid foundation for the construction of this community.
The topic that I want to discuss today is about the token and I want EVERYTHING to be open for debate before I write something in "stone". and I want you to know that I always read you in the comments you have been leaving in the last posts and I thank you with all my heart.
Then I will go on to tell you my current ideas for what will be the central currency of our tribe and the one that will keep the value of it on her shoulders.
Less is more
This is something that I as an investor always see when putting money in a cryptocurrency, currencies like TRX with so much supply scare me how to think of them as a good investment in terms of protecting their value. We do not have to go very far, we can see with BITCOIN that it barely has 21 million maximum supply and this will not be reached until the year 2147.
The only reason why the tribe will have inflation is because it is the way to quantify rewards for the users who will be part of it, just like bitcoin with the rewards for the miners.
However, I will totally aim for inflation that does not exceed 5% per year and a maximum supply of 21 MILLION. YES, such as how bitcoin is a clear tribute to it and I will also explain why I want our currency to have such a low supply (read until the end of the post that there will be little surprises)
So far hive has a total circulation of 411,086,926 and has an inflation of around 8-10% which mitigates a bit considering it an asset that protects the value of the investment, at least until after the year 2025 when inflation will be around 5 %.
Leofinance, which is undoubtedly one of my favorite tribes and the one that has inspired me the most to see the potential of content creation, has a circulating supply of 6,121,547 and a staking of 4,400,657, so the available supply will be around 10 Million.
What I propose is that our initial supply will be between a minimum of 100,000 coins and a maximum of 1,000,000, and that from there we apply the maximum of 5% annual inflation for the rewards, which would basically be divided into:
- Authors 35%
- Curators 35%
- Token Holders 20%
- Miner tokens (Like LeoMiner) 10%
This is how the annual inflation would be divided into 4 POOL of rewards, basically we can see that 70% will go directly to users who are active within the platform, making content creation and interactivity the largest source of creation of wealth through the proof of brain.
20% would be for staking within the platform (token holders), just like when you place hive in hive power you will receive passive rewards for having it there, it will be the same with this new token. In this way we reward those investors who decide to buy and protect their investment in our currency.
10% for token miners, well this at the beginning will be a way to get liquidity for the team for marketing and expenses issues but in the sense of the reward, it is a much more passive way for investors unless they do not want to keep the currency in power and they do not want to be part of the tribe's activities, but they nevertheless want to participate in the project.
But aren't there very few coins?
No! Like I said, less is more. I want that apart from the fact that we are going to be the largest community of music lovers in hive, we are seen as the tribe with a token that is a refuge of value, and the only ones that can be seen like that are those assets that are scarce and valuable. That is the goal of my youth, to create together with you a platform based on a useful, fast token and without commissions thanks to the hive blockchain, easily accessible and that protects the investment of its users with policies and economic measures that allow it. .
In the worst case, what will happen is that we will have a coin with too much value that may not be accessible to everyone as an investment if they wanted to buy one, but it is as simple as creating the token (thanks to hive -engine) with the possibility of having several decimal places (perhaps the same as bitcoin 👅), thus making it possible to acquire smaller parts of a token and having the possibility of any user being able to participate in this big project.
It's a word that I personally love, there are people who don't, but I think that the fact of competing brings out the best in us, that internal energy to give more and more and be victorious. Anyway, I see it as something totally positive for the development of anything, that is why I believe that in this aspect we will be the most attractive tribe as an investment within hive starting from the point of view of a refuge of value (which is something of the that the other tribe have not taken advantage of) and making us a renown in our niche that is the subject of music and derivatives.
In addition to that same competitiveness, it will be what makes us want to get more and more products, services and ways of adding value to the currency. We start from the fact that the tribe has an extra advantage when it comes out with a game that is @risingstargame, and that it will be just the basis of what we can do.
Be included in the initial distribution
If you have come this far in reading, you will be rewarded because if you read my last post about a bit of the way in which we will do the initial distribution as far as users are concerned, you will know that there will only be 2 ways to participate in it:
- Being active in the community with posts
- Burning starbits
On the first, we will do it through a (still rustic) system of points in reference to the posts you make within the community. 1 POST (decent quality) = 1 POINT.
But you can also earn a couple of points today by answering these questions in the comments! I will notify my colleagues who are in charge of keeping an account of these so that they can update the document with the participation you have in this activity.
1 question = 1 point (answers with monosyllables are not valid ..)
1) What do you think of the tribe's proposal as a haven of value thanks to low inflation and supply?
2) What do you think would be the best name for the tribe and its currency? based on our niche theme which is music
As the actual #musicforlife It is a name to test the product, but if we find a better one, we will surely end up opting for another name.