While I like anything that increases Hive adoption and/or improves the Hive ecosystem, I do like to ask questions to understand the business case for a proposal. It is important to recognise that DHF spending overall is a big expense for Hive, so we need to understand that we're getting a return on the investment.
The questions I've got in this case are;
- What does this project offer that similar ones already in existence (e.g. Keychain Store) don't ?
- You're asking for 485 HBD a day; how is this being spent (e.g. server costs, developer salary etc), and is this for a fixed time or open-ended ?
- In "Status", you say that most of the application is already developed; how much of the 485 HBD a day is going to be used repaying development costs ?
- How much of the 485 HBD a day will be spent on marketing the project to non-HIVE businesses ? What marketing methods will be used ?
- What does success for the project look like in measurable objective terms (daily transaction values/numbers processed, number of new merchants introduced to Hive and actively using HBDPay, etc) ?
- Will HBDPay charge a fee to users and if so, how much of that fee will be used to repay the DHF for the initial investment, how much will be used to pay for the required infrastructure, and how much will be used as wages ?
Sorry if this is a lot of questions - as an accountant and business owner, I like to drill down into the business case for any new project to ensure it's going to really deliver a quantifiable return on investment. We have to remember that we all own Hive, even those of us with a small stake !
It's great that you're asking all these questions because, as co-owners of Hive, we need to understand where the investment is going.
I'll answer in parts.
Although the goal is the same, the way it operates is different. In my case, I've seen many businesses reluctant to download more applications. They also don't want to generate a code for each transaction. My proposal works online, and the business owner doesn't have to do any tasks to receive payment. The design and functionality concept is based on my experience with adoption.
The project is for one year. This includes salary payments, including the marketing team, graphic design, production of various short videos, promotional material, operational costs, etc.
About half of the budget is allocated to personnel payments, including the community managers.
Approximately one-third goes towards the marketing campaign.
Undoubtedly, the success of the project will be measured by adoption and seeing businesses or services using the platform. While we have clear overall goals, the marketing team wants to see the project in action to establish specific and measurable targets.
When the idea of HBD Pay was born, it was intended to be a subscription-based paid service. However, we found it more attractive to offer it for free as part of Hive's structure, as this is how it can become a user acquisition tool. That's why the idea of funding it through DHF emerged, so that it has no cost for the user.
I hope these answers satisfy your interest!
Thank you ! The fact that you've actually taken time to answer my questions is a big positive sign for me, and definitely helps towards a better understanding of what we're funding and how the HBD would be used 😀
My pleasure!
Oh why should a scam explain itself?
And this won't help adoption. This is useless.
Qr code and track payments. What use is it? Exactly none for this idiot to get direct funding?
Hive is now garbage if this guy gets funding. And for what.
This won't help adoption. It won't help anyone. Except him.
Admit it. Now hive is a ghost town and the worst projects and now scams are begging for funding.
Everyone can open a proposal, this is how decentralization works.
You are right! Anyone can do this including the scammiest scum..
Hahahahahahahaha!
Let me guess next is Justin scum.
Seriously. This isn't decentralized. It's whole ownership is acidyo and OCD. This isn't decentralized. It's centralized.
Get it right. If you are going to talk. You might as well know what you talk about.