Hello there guys. This is a outstanding job. It is amazing the possibilities within the Blockchain technology.
Please let me ask you some questions:
- Is it possible to find more info about this "Algo: Dual - Proof of Productivity (PoP) and Virtualised Proof of Stake VPOS"?, basically theory and practical implementation?
- Is this "Algo: Dual - Proof of Productivity (PoP) and Virtualised Proof of Stake VPOS" something you have created by yourself?
- If this is an algo created by your team, is it possible to use it as a funding project for a curation community in Steemit?
- If this mechanism of attracting investors is working so well could you share the anual projections of it?
- Would your team being able to advice and guide a curation team in order to implement a similar token system?
Please let me know if you may answer all this questions here or would you prefer to get in touch by another mean, Discord? Telegram?
Best regards,
Thanks for your time. STEEM ON & BUILDTEAM ON.
Hi, thanks for your comment. The VPOS algo is virtual in the sense that Bitshares doesn’t natively have vesting like Steem does with its Steem Power 13 week vesting period. We had to build a proprietary app layer that bolts on this functionality which is why we termed it “Virtualised” as it is not hardcoded on chain.
PoP is much like Steem’s reward system for authors which has a manual element of curation, the difference is that instead of curation we have an internal builder pay/bounty schedule which we update twice a month based on tasks and ongoing work being performed, the payment distribution system then ensures those Builders receive what they are due in BUILDTEAM tokens.
Yes this model can be used for a curation community project, you just treat your curators as we do Builders and reward them in your token for their curation works and then the holding of the token entitles then to earn a revenue from your project.
Regarding consulting to assist in creating a clone of our platform, that is not something that we are able to do at present as that will take away focus from our current roadmap and since we are a for profit organisation, most of our builds are proprietary in any case.
SMT’s will be coming soon (perhaps end Q1 2019) to Steem and they will be well suited for curation project rewards incentives. Perhaps you could hold out until then, or create a bitshares token in the interrim as a placeholder, join the Bitshares community telegram and see if you can get a developer to code some offchain functionality for you.