Introducing Hive Power Ventures ($PWR)

in LeoFinance6 months ago (edited)

For some time I have been thinking about the idea of launching a side project whose purpose is none other than to accumulate Hive power.

Think about your regular Hive Power delegation service. You delegate your Hive power, and you receive a token in exchange which you can sell for Hive, If you don't insta sell you get more APR later. Simple as that. This is the initial phase for Hive Power Ventures and the new upcoming token $PWR.

**In case you're wondering, this is NOT some kind of SEED relaunch. unlike the former, there will be no external deposits or movements between exchanges, so regulatory/KYC risk is vastly minimized. The sole purpose of the project is to accumulate as much Hive Power as possible and all the activity will be kept inside the Hive Ecosystem.

Hive Power Ventures

Hive Power Ventures ($PWR) is an HIVE derivative semi-backed by Hive(softly-pegged) whose long-term purpose is the maximum possible accumulation of Hive Power and future influence in the Hive ecosystem.

Tokenomics:

Initial Supply: 1000-5000

Max Supply: 1.000.000 (1 million)

The token will be launched on Hive-Engine under the ticker $PWR.

The initial supply will consist of a (yet undetermined) number (between 1000 and 5000) of tokens paired with Hive at a 1:1 ratio that will serve as the initial liquidity in the pool.

Other than that initial liquidity, there will be no pre-mine, airdrop, presale, or 'team allocation' of any kind of $PWR tokens.

Then, how to get PWR?

Initially, there will only be 2 ways to obtain PWR:

  • The first and main way will be by delegating HIVE Power to @empo.voter, and $PWR will be farmed at an initial rate of 20% APR which will decrease as time goes on for HP delegators.

Delegators will get a decreasing APR for their Hive power delegations over time, according to the following epochs schedule:

--

Epoch1 - first 30 days - 20% APR

Epoch2 - days 31 to 180 (months 2 to 6) - 16% APR

Epoch3 - days 181 to 365 (months 6 to 12) - 12% APR

Epoch4 - Year2 - APR 6,5% 8%

Epoch5 - Year3 - APR 6%

Epoch6 - Year4 - APR 5,5%

[APR on Delegations decreases at a 0,5% APR/year from the third year, mimicking Hive Inflation.]


  • The secondary way* will be providing liquidity to the SWAP.HIVE-PWR liquidity pool, which will pay a variable APR (initially about 5%) paid in $PWR.

This APR will definitely be flexible and will change according to the necessities and the overall health of the project.

(*Note that providing liquidity means you will have to get PWR somehow and it will simply be better to farm it rather than buy it for APR at the beginning.)

Long-Term Sustainability & $PWR Potential

Well, so let's say a bunch of users collectively agree to delegate their Hive power and start receiving a 12-20% APR paid in $PWR. How does the token sustain itself?

First, let me remind you that $PWR will initially be a soft-pegged token by $HIVE. That means there will be less HIVE than PWR at the beginning, and for that reason, although the price will probably be close to 1 HIVE, a slight discount is expected (5-10% should be ideal) in the first months of operation.

Remember that in exchange for receiving little drops of $PWR, all the users will be delegating their Hive Power, and an inflow in curation rewards is expected.

100% of all those curation rewards will be powered down and sent to a management account (@empo @vventures). This HIVE will be treated as follows*.

  • A big % will be powered up (this will be the main objective for the first year).

  • Another % will be used to buy up $PWR and/or add liquidity to strengthen the peg while offsetting delegator sales.

  • After the 1st year and after the delegation rewards come down to a more reasonable level (6,5% or less), another % of rewards will be used to pay a Hive dividend to $PWR holders OR increase the pool APR. which will increase as more Hive power gets accumulated.

*Again these ratios are variable and will depend on the needs of the project at any given time. For example, if $PWR is already on peg more Hive will be powered up.

From modest calculations (worst case scenario) taking into account an 8% curation APR, HIVE will start to outflow $PWR supply entering the 4th year of operation. This is not counting HP inflation rewards and/or any excess profits from 8% curation APR (like post rewards or delegation income from other programs).

This model is with a 300K Hive power delegation but doesn't change much with a higher/lower number since everything is being priced in terms of Hive.

Game Theory

In the beginning, there will be no $PWR circulating and a rush for Hive Delegators to take profit from the initially high APR (20% for the first month).

After the first drops of the new token start landing in the wallets of delegators a couple of very basic options arise:

  • To sell: and consequently realize a very nice profit for a very competitive HIVE delegation*

*(even selling $PWR at 0,9 SWAP HIVE results in a realized profit of 18% APR for a delegation in the first month).

or

  • To hold: for a hypothetical promise of future APR.

The best way of holding and accumulating $PWR should be to pair it with HIVE and allocate it into the liquidity pool rather than simply hold it in your wallet.

This makes it harder for the dumpers to dump the price since you're deepening the liquidity pool while enjoying an extra APR (but also taking an extra risk in case the token dumps too much under the peg).

Vision & Curation Guidelines

EDIT 1: I had planned to address this topic in a post soon, but since you have asked me, I have decided to edit the post and add my view on the subject now.

Regarding curation, I recognize that neither discovering new content nor curing at maximum efficiency are my strengths.

But nevertheless, I do believe in and am greatly fascinated by Hive's ability to spread through the job of curators.

One of the things that 'clicked' me back in the day about Hive was the realization that 'it's not just inflation, it's a distribution system'.

''Hive is like water, and the curators are homologous to rivers and pipes.''

__

This is all well and good, but as I said I'm not the best manual curator. However, it is still necessary to balance not only the curation of good content but also to seek maximum efficiency from an economic standpoint.

For that reason, I thought about Hive Power Ventures being a proxy curator.

That means I'll be cherry-picking what I consider to be the best manual & automatic curators there and I'll be adding them to our personal curation trail.

Some of the names already added to the list are @acidyo, @ocdb, @dalz, and @blocktrades. This means that if you're delegating your Hive power to @empo.voter, you'll be supporting automatically a mix of all the curation patterns by these users/projects.

Notice that some of these accounts have voting patterns (especially the big ones) where they share a tiny percentage of his voting mana with a myriad of small to medium-sized authors. For me, this is what I consider 'good curation'.

I also want to make it explicitly clear that delegating any amount of hive power to the project will not entitle you to a certain amount of upvotes. As this one is not a buying votes service. If one ever comes, you can call it luck.

Conclusion & Launch date

Hive income & backed tokens performed well historically, look at $SPI or $BRO.

I won't deny that a big inspiration for this project has been @eddie-earner, under the @spinvest umbrella.

However, I think it is always healthy for an economy to offer more options and I think $PWR can be a very interesting option going forward in the Hive delegations market (obviously I'll be backing it with my own Hive power).

The launch date is not set yet, but expect no less than 7-10 days from the publication of this post.

This timeframe is basically to allow interested parties to prepare their Hive power in anticipation of the start of $PWR farming.

All the best.

Posted Using LeoFinance Alpha

Posted Using LeoFinance Alpha

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So when are we supposed to delegate? Now or when it launches?

Hey gayman

PWR farming is not yet active, so no need to delegate yet.

The target date is Friday, September 8 at the earliest, but I still have a couple of things to sort out so it is not yet confirmed. I will publish another post confirming the date in a few days I guess.

nice weekend! how is looking @alexvan ? he visited u a few days ago right?

Yes, it was very nice

Next time, we meet at the capitol and let our kids conquer it, not like the tards below:

Will delegate to it, as I like great success

you still got some $HIVE left?

More than you. Pleb

Of course, as the taxes I pay, need to go Tzipiras&friends.

Oh dear, How I was missing this

Well, you need to have a mini-me, like I have one, and @trumpman has his. Both are savages, but both have real cool eyes. Just start working on the kid man, you will enjoy it ;)

Problem with mini-you's is that they eat too much, and it's even a worse problem if they're fans of Tsipras & cia.

I'll give it a thought or two, but I assure, I'm not yet ready :)

That drop from 12% to 6.5% in the second year is a bit sharp :)

Some things are predictable, others not. It remains to be seen under what circumstances the second year will be reached, but it is not 100% excluded that the high APR's could be maintained for some more time or, for example, an intermediate step of 10% could be added.

You're going for PWR hunting sir?

Better now?

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Much better! :)

Good luck!

Let's go!

Can you elaborate on the curation part? You haven't said anything about that. How are you planning to do that?

Hello erikah, hope everything is fine on your side

Initially thought about writing a separate post but finally decided to update the post with info regarding curation guidelines

Thanks for the update Empo and good luck with the project.

I hope things are going well for you.

It has been a tough year but I am sure better times will come soon.

I previously worked in a clinic as a physiotherapist, and I am in the process of going back to school to continue studying and change career fields (medicine to computer science/programming).

We'll see how it goes! Thank you very much! 😁

Holy heaven! That is a big decision, but a good one as it's a good investment in yourself. I'm really glad to hear that and wish you all the best in the world 😀

Might shoot you a DM tomorrow.

Feel free to DM and shoot questions :) Thx as always dear

The pleasure is all mine 😁
Tomorrow it is then!

Hey empo
Interesting idea. Could you please elaborate on the curation part?

For example, will the account favour posts by delegators or PWR holders?

hey bud, just updated the post with a few general curation guidelines for the project.

Not in principle, or at least I would like to discuss it first with a more experienced curator.

But don't count on it as it could be considered abuse.

Perfect, thanks for the update.

And that was precisely my concern. It could be framed as vote selling if you planned to vote for delegators and holders only.

I like your initial idea of following well-established curators. Should be good with that

Obviously, the curation patterns will be refined over time and more people will be added (or removed). but yes this is the #1 priority with curation.

Another reason to hold $PWS is for the future dividend :D

Yep, but that will take minimum one year so I perfectly understand anyone selling it early ''and let's see how it goes later''

You caught my attention on one of the proposal votes a few weeks back. There isn't much to know about you on chain. I understood the concept of PWR as I have been following eddie-earner for a while now. I am not sure how well it will perform but it will be a fun experiment and a learning experience as an observer.

I have only one question and that is, Why yellow flash?
Itachi suffered the most for the people. Might guy didn't have ninjutsu but still managed to become a tailed beast without being in Jinchuriki. Kakashi sensei, pain, and many other character's storylines were well written so why did you pick yellow flash either as your favorite or as your representation?

To tell you the truth, I wouldn't know.

Many storylines fascinated me, like Kakashi Sensei's or Jiraiya's, but for some unknown reason, what happened in the Leaf Village when the nine-tailed fox was unleashed captivated me. I couldn't forget that moment.

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Good luck with your new file!
!PGM

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO - 0.005 SCRAP tokens

remaining commands 9

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


Aha interesting good to see so many amazing new projects on hive 👌👌🔥🔥

I'm ready 😂

If you're ready I'm ready sir


Hello fourth Hokage
I hope you have good luck with the project

PS: Madara made you shit in the great ninja battle 🤣



Holi cuarto Hokage
Espero que tenga suerte con el proyecto

PD: Madara te hizo mierda en la gran batalla ninja 🤣


Minato modo sabio ilusiona, pero nunca le sacaron partido como es debido IMHO, te gustó Naruto en general? a mí me pilló duro en su día pero hace mucho que no lo sigo realmente

Ah, y gracias! bendiciones para ti buen señor


Antes de que la cagaran con la guerra ninja
Esa brutal falta de coherencia en el guión y traicionar su propio mensaje hizo que NO la quiera ver más
Mucho considera que Naruto acabo en la saga pain.
PD: el nombre de la guerra ninja debería Más bien llamarle como cromarle el pito a Madara guerra ninja


La verdad, me quedé en la reunión de los 5 kages y ahí me perdí con otras cosas. Coincido en que el arco de Pain fue brutal y probablemente de lo mejor que tiene

Confirmo 😌

🤣🤣🤭🤭

I can't say I've grasped everything in the post and my brain is on (much needed) vacation mode now, but count me in! !BEER

Jutst delegate, accumulate and forget or sell PWR for a quick profit! :)

I'm already convinced! 😁

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

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100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

I'm in! I am currently number 2 on the Richlist 😃

PWR Richlist

Source: https://he.dtools.dev/richlist/PWR

I'll be watching your project. Looks cool! I see delegation may start soon...

The target date is Friday, September 8 at the earliest

Best wishes to you and Hive Power Ventures!

Have a nice day :)

Those orders were in Hive Engine to prevent anyone from buying dust orders (e.g. 500 hive /pwr).

And while I can't stop you from buying them, I recommend you don't, since PWR will be pegged at 1 HIVE at best.

Delegation rewards will start soon.

Yep, I did see the recommendation to not buy, but to stack tokens by delegation and pools. I just wanted to get a screenshot of me at the top of your rich list, for fun 😃

Again, best wishes to you and the project, and thanks for putting up with my shenanigans 😅

No probs, as you aware of what you doing :)

You're welcome! :)
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minimum 1000 HP? Can we delegate it?

There's not really a minimum, so you can delegate even with 3 HP and receive daily 0,001 PWR dust payments.

okay can we delegate today? get votes too?

You can delegate today but won't receive anything until Tuesday (farming starts on Monday, check my last for more details).

And no, there are no (guaranteed) upvotes coming in exchange for the delegation (that would be considered abuse as far as I know).

okeeyyy thanks @empoderat 😁 tomorrow I will delegate

@empoderat I wish to join the hivepowerventures as well. Well-done friend. Reblog

https://inleo.io/threads/rzc24-nftbbg/re-asgharali-s7qg1wid
The rewards earned on this comment will go directly to the people ( rzc24-nftbbg ) sharing the post on LeoThreads,LikeTu,dBuzz.

Hi @empoderat / @empo.voter !
i like this project and i started slowly delegating power, however, i still cant understand why someone would buy the $pwr from us. what is its utility (except of putting it in lp)?

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