Last week, I asked the FreeCompliments Community about whether they’d like to keep Ecency Points and DVS/DHEDGE as rewards, giving their changing and/or decreasing utility. This led to a variety of opinions, certainly with mixed results and a rather unclear outlook. However, some opinions did stand out, and I’ll address them here, as well as our direction moving forward.
Changes to Ecency and DVS/DHEDGE Rewards
For now, we’re going to keep both Ecency Points and DVS/DHEDGE as part of our reward system; however, we’re probably going to decrease the delegation we give to Ecency and thus slightly decrease the rewards we give out in terms of Ecency Points. We’ll focus on allocating our Ecency points towards promoting content, as per our usual protocol.
We’re going to keep DVS/DHEDGE on board for now; however, if we’re not seeing any positive changes over the next month, we’re likely drop them. Over the course of the last 5 days, the entire project has been, from my perspective, in complete failure mode (no DVS votes, delegations not giving out rewards, the DHEDGE command still not working, dropping price of DVS/DHEDGE, and @taskmanager not replying to people). At the moment, it looks like an abandoned project, but I’d like to give it a chance to revive before closing it off completely.
LEO and HSBI
By popular demand, we’re going to introduce the LEO token as part of our reward system! I spoke to @anomadsoul, who agreed to allocate 150 LEO tokens per month to the community account, and we’re going to model our token distribution as part of our reward system. More details will be forthcoming, and we’ll likely begin this distribution as part of April rewards (which will be given out in the 1st week of May).
We’re also going to delegate a portion of HP to leo.voter so that we have additional LEO in case we want to distribute more or possibly even stake it.
HSBI was also a popular alternative, although that’s definitively tougher for me to produce (I’ve funded most of it out of pocket, and with HIVE’s price increases, it’s becoming harder to get more HIVE by day/swing trading). Thus, we’re also going to use some HP to delegate to accounts which produce HIVE income tokens (i.e. tokens that give out HIVE as rewards). This will allow us to give out more HSBI as we get more liquid HIVE. This week I’ll try to figure out which option gives the best returns, although I’m keeping an eye on EDS as a primary choice (we already have a 1000 HP delegation!).
Other Types of Rewards / Payments, Suggestions
If anyone has other suggestions as to how we can use Ecency points and DVS/DHEDGE (or even regarding discontinuing them), or the usage of other 2nd layer tokens as part of our reward system, I’d love to hear your feedback!
Conclusion
We’re making some adjustments to our reward system in accordance with community wishes, and I’d love to hear more of your thoughts. Please let us know what you think – your feedback is going to be highly valuable and essential for the future of this community’s reward system!
Disclaimer: FreeCompliments will be a beneficiary for this post, and I will attempt to boost it via Ecency points as well.
Here’s a permanent invite link to the FreeCompliments Discord!
Follow our curation trail and earn 1 HSBI per month!
Posted Using InLeo Alpha
