RE: This Is Awesome - Weekly Payouts To Delegators #159
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That is a great business you have there, and if you intend to use the token for a peg to grow the account then maybe Hive is the best peg, but you need delegations to deliver leverage though.
And as to the AWESOME token what you said is the value to an investor, the value for @thisisawesome is that we can keep a much bigger amount of Hive powered up and thereby increase our curation rewards in addition to the delegations we get.
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- @flaxz - Admin/Moderator
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Leverage in terms of upvote power you mean, right? That will definitely help, no doubt... but I also want to create different types of value for delegators: discount tiers for store purchases and entries for product giveaways are my two thoughts right now. That would be on top of the token distributions.
Can I ask one thing: did you decide to include the other Hive Engine tokens in the distributions because of the hassle of converting them all the time. I know increasing the value for us delegators was a big part of it too, but did you find it tedious to always be selling the non-Hive yielding tokens?
Do you take part in any liquidity pools using this account? Would that be a tricky play when trying to keep track of total value... or could I just include the LP value? It seems to make sense in my head (but I also know I'm getting ahead of myself. But I just think I may forget this train of thought if I don't follow it through while I have you.)
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As to your project, start by defining how you want your business to operate, then add the features to make it happen, doing it the other way is not such a good idea, you need to put the business first and add features that strengthen it.
As to HE token on this account then we can pay out a larger value to delegators by not selling HE tokens and buying others, and no we don't use any LP's, we curate for rewards.
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You're right... that's what I usually do wrong. Too much planning and then running out of juice before the full execution. I don't think there was a more appropriate thing for you to say. Thank you very much, @flaxz. 🙏
Pure value. Got it.
Business first though... I do have a bit of work to do. Let me get from A to B and I may revisit this conversation with you briefly when my roots are planted.
Thanks again.
I hope you're having a great week. 🙂
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Good luck with your business man, and stay awesome.
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Maybe talk in Discord to get faster replies when you are ready.
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Will do. :)
Thanks again. 🙏