A Token Idea to Go with My New Community?

2 days ago (Edited)

The plans continue for what I envision for the Hive community I plan to create. In my last post, I had a rough idea of what I want to do and figured accepting delegations in exchange for dividends would help me get the necessary HP to curate people who post in the community. I consulted with others and expanded on this idea, and I think it'll benefit the community and others who are interested in helping.

(Created with Bing)

To build the HP of the community curation account I'm going to need investors. Lots of people here on Hive are willing to do this, but not everyone wants to invest the same way. Some people prefer to buy and hold a token. Others prefer to delegate their HP in exchange for tokens so they retain control of their stake. Why not do both?

The Best of Both Worlds
For those who simply want to buy the token, I'll sell it in tranches. Early investors get a discount and as each tranche sells out, the price increases. This guarantees early investors stand to make a profit and ensures the token grows in value over time. All HIVE from the sales will be powered up so the community curation account grows at maximum speed.

For those who want to delegate, that'll be an option as well. It's minimal commitment and you control your stake, so there's minimal risk.

Dividends
Everybody loves dividends, and I want to make sure those who help me by buying the token or delegating HP to earn the token are rewarded. As the account grows, so will the dividends.

Funding
Some may wonder, since everything is being powered up, where are the dividends coming from? In the initial stages I'll be providing the funding for this.

My goal is when the HP becomes large enough to do power downs that 50% of the curation rewards are powered down and returned to token holders in the form of dividends paid daily.

Future Whitepaper
I'll eventually be releasing a whitepaper before the launch. This way there's full disclosure of what people can expect. That will be a little ways off since I first want to get the community started and going. Once that's in place and going, then I'll work on the whitepaper, create the token and begin growing the account's stake.

It's been a slow procees, but that's okay with me. I want this to be done right. That doesn't mean there won't be mistakes, but ideally there will be fewer critical mistakes and the community will grow and thrive.

Based on what you've read here, what's your feedback on all of it? I'd love to hear from you!

Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
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