Poll: Proposed Change to Our Payout Strategy
hive-189641·@diyhub·
0.000 HBDPoll: Proposed Change to Our Payout Strategy
<code><b>Sorry for the mass ping</b> but this post is <b>very important for every</b> single <b>delegator</b> of DIYHub!</code> <center><img src="https://files.peakd.com/file/peakd-hive/diyhub/23viKEa2Zy6KY2kUHoBzJcCHSAPSWmqk7kTxBreHtQMfHKuRraT744JXVge3WafFSQLaj.png"></center> <div class="text-justify"> We hope this message finds you well. As a collective, we strive to continuously improve and adapt to better serve our community and fulfill our mission. With this goal in mind, we are considering a change to our payout strategy, and we value your input in this decision-making process. DIYHub is a non-profit curation service, committed to paying out 100% of our curation rewards to our delegators. However, we are considering changing this payout rate from 100% to 80%. In this post, we'll discuss the reasons behind this potential change, and we invite you to help us decide by voting in the poll below. </div> <br><hr><br> ## Why We Ask For Your Vote <div class="text-justify">Curation rewards are the primary source of income for a curation project like ours. While many other curation projects do not pay out 100%, or any, of their rewards, our commitment to distributing 100% of curation rewards has been a key selling point for our delegators. However, we must confront the reality that we lack the necessary funds to accelerate our project's growth. This is why we are considering reducing the payout rate from 100% to 80%.</div> ###### Our Authors <div class="pull-right"><img src="https://files.peakd.com/file/peakd-hive/diyhub/23uQg3JEtKVeEp6xtobv3YdnNLq3FKKMDBXmAtVjtVoiD1yYbezcj5zJJHeEY5H96b1ep.png"> <img src="https://files.peakd.com/file/peakd-hive/diyhub/23wBgMZ4o4qqdQbZeZdeudzRxknBeyA9fQxxRUsZg718Vyx5ExRmC2ewrD3kzWPCcL1UK.png"> <img src="https://files.peakd.com/file/peakd-hive/diyhub/23vsBvF6MpeSeVunfsZwEHuvXkMqbGaf4GDb9xwKgjJWbJfRZMeCUJQ485zCxcReVLrKM.png"> </div> <div class="text-justify">Unfortunately, our contest announcements, interviews, and update posts do not generate significant income.<br><br> Especially disappointing is the lack of engagement with our update and interview posts, which only generate 1-2 Hive per post. This low return is not motivating for our authors, considering the effort required to produce these posts. <br><br> We believe their work deserves greater appreciation and better incentives. Increasing our motivation and activity in writing requires more substantial rewards.<br></div><br> ###### Our Contests <div class="text-justify">Our lack of funds also prevents us from hosting contests with larger prize pools. Although we frequently collaborate with partners who sponsor these prizes, our ideal situation would be to independently pay our authors and still have enough excess to reward contest winners.</div> <br><hr><br> ## What we would use the 20% for? <div class="pull-right"><img src="https://files.peakd.com/file/peakd-hive/diyhub/EoAYK4wiWPUp6JMVrn1PTR8aBFzYo29cJvZTegpdwUhYkrnu9LwP55ppJGdoE96Uv5K.png"></div> <div class="text-justify"> 1. First and foremost, our authors deserve a fair reward for their hard work on contests, interviews, announcement posts, and curation reports. To achieve this, we propose allocating 10% of the curation rewards for this purpose. 2. Additionally, we aim to save up contest prizes in our HBD savings account and use them recurringly to sponsor contest prizes. We propose allocating another 10% of the curation rewards for these prize pools. </div> <br><hr><br> ## How much is 20%? <div class="pull-right"><table> <tr><td><b>Receiver</b></td><td><b>% of the rewards</b></td><td><b>HIVE per week</b></td></tr> <tr><td><b>Delegators</b></td><td><center>80%</center></td><td><center>56</center></td></tr> <tr><td><b>Authors</b></td><td><center>10%</center></td><td><center>7</center></td></tr> <tr><td><b>Contest Pool</b></td><td><center>10%</center></td><td><center>7</center></td></tr> </table></div> <div class="text-justify">We generate an average of 9.89 HP per day in curation rewards. For simplicity, we'll use 10 HP as our daily curation reward, which amounts to 70 HP per week. Since we pay out the rewards in HIVE, we'll continue with HIVE instead of HP in our calculations. <br><br> We hold our contests on a monthly basis, which means we would have an additional 28 HIVE to allocate to prize pools each month. Although 7 HIVE for our authors may not seem like much, compared to 0, it represents a significant increase in rewards for our hard-working authors ;)</div> <br><hr><br> ## Please Vote on The Poll <div class="text-justify">As a collective, we value community input and transparency in our decision-making process. We want to ensure that every member has a voice in shaping the direction of our project. Additionally, we deeply appreciate the trust placed in us by our delegators, regardless of the size of their delegation. Therefore, we will be pinging every single delegator with this post to gather their thoughts and feedback on the proposed changes. Sorry for the "mass ping" but we think you should decide and there is no other way to place this poll on your desk:<br> <sup><sup>@hmvf @jnn10 @acguitar1 @achara1202 @aiken666 @akumagai @amiegeoffrey @anafae @ana-maria @anna-newkey @aresteris @bajadera @bambukah @baycan @bil.prag @blkchn @mystic.realms @brianbrogan1960 @chuch @condeas @cryptospa @dafne25 @danielhuhservice @davideownzall @dayadam @deathstarer7 @deepu7 @diosarich @dizzyapple @drax @dtube.forum @elizacheng @fanyokami @flemingfarm @fruityfruitz @gabrielatravels @generikat @gerdtrudroepke @ghastlygames @gillianlien @h3m4n7 @hairyfairy @hive.samadi @humbe @ibc @jacobtothe @janetfund @jasonmunapasee @jerrytsuseer @jim888 @jonyoudyer @justclickindiva @kaerpediem @katerinaramm @kattycrochet @kryptik.tigrrr3d @leticiapereira @linita @luisgtt @luislrt @m16uellop @manuvert @marguimiau @mariannewest @marile21 @mciszczon @mitchhunter @monica-ene @nane-qts @natha93 @naty16 @nicolcron @nicosistemas5 @nthanhtung @nurul-uli @oceanbee @onwugbenuvictor @ph1102 @phoenixwren @pundito @quinnertronics @quochuy @ravenmus1c @recording-box @rezoanulvibes @richardfyates @rodriguezkike232 @saffisara @skycreaperth @sodom @solymi @soyrosa @stevenson7 @straykat @the-bitcoin-dood @thepromisedland @thethoughtpolice @thisnewgirl @tsunsica @tuba777 @tuisada @underskeed @valerianis @vocup @wongi @leslieebano @tahiaarq @sarimanok @growandbow @creacioneslelys @littlescribe @tibaire @vaultec @mdakash62 @curtis90 @wolfplayzor @hiveabbyftp</sup></sup> <center><h1>Thank you!</h1></center> <br> </div> <center><img src="https://files.peakd.com/file/peakd-hive/diyhub/23swrU5UrhNGuDfgChjvfiC9NEJ5vTZCXtADPvXqBM1yTvmHb78vu7enkud7pnh5x2bba.png"></center> ### We discover posts daily in various categories: - **CREATIVE**: coding, self made cosmetic and beauty products, fabric work, yarn work, pottery paper work and art tutorials - **CRAFTING**: 3d printing, electronics, jewelry making, metal and woodwork, upcycling - **HOME&GARDENING**: building, decoration, gardening, homesteading, repairing ###### Share your **Do-It-Yourself** projects in the [DIYHub community](https://peakd.com/c/hive-189641) on HIVE with members with the same passion, interests and who will appreciate your work. Let's connect in the community and build strong and long lasting relationships on the HIVE blockchain! <center><img src="https://files.peakd.com/file/peakd-hive/diyhub/23swrU5UrhNGuDfgChjvfiC9NEJ5vTZCXtADPvXqBM1yTvmHb78vu7enkud7pnh5x2bba.png"></center> <center> <a href="https://peakd.com/trending/hive-189641"><img src="https://files.peakd.com/file/peakd-hive/diyhub/AKYQroWvqgCd9xdJA688wbymmDQtjoGpT36WxyaE31V8yiVP4ZKVdJC2QgXHEV6.png"></a> You can contact us at any time via our discord server: https://discord.io/diyhub Oh! you don't have an HIVE account yet? <a href="https://hiveonboard.com?ref=diyhub">Sign up and start sharing</a>! </center>
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