The short of it is I believe in 1% or 2% increments.
This would indeed be a sound, and not unheard of, solution. GTG got the right idea reducing incrementally I reckon. Just like you say, big jumps are just not conducive to a dependable business architecture. People from the regular world of economics would see that and compare it to financial crashes in housing bubbles etc. It may not apply here, but that's how it'll look.
But, I do still think there should be at least some effort to actually promote this supposed promotional APR deal first.
We have instant signups, no email or verification
True yeah BUT, it's still not that smooth in the way people are used to. My last attempt at onboarding somebody was a nightmare. True, he wasn't the sharpest knife in the drawer, but like even now:
You try an account on Peakd: Sorry we ran out of account tokens.
Try on Ecency: Internal server error.
Suddenly you start thinking this is how they make you pay.
You get referred to signup.hive and you are bombarded with seven sign up options.
Which ones are going to be an error this time? Why are they offering anywhere from free to $3.80 for what is basically the exact same product; an account? RCs, what?
When I log in, which password do I use? How do I change it? What the hell is keychain? I have to download an extension? What's peak lock?
I think we often forget how dumb the average user is regarding this stuff. I have a new colleague who desperately asked me for help the other day because he couldn't edit a document after several hours. I pointed to the giant yellow 'click to edit' button and went about my day in despair.
The 20% APR is fairly heavily promoted actually. It ends up being included in presentation slides as a key benefit because we do want to attract people who can't trust the banking system in their country to use HBD savings as an alternative.
Onboarding: DM me on Discord and I'll show you the new system. It uses individual tokens. There is also a second system, unrelated to the first, that uses group tokens. They're both for events but the first can also be incorporated into any app or frontend (which can then grant the token). The system is fool-proof and there's no emails or phone numbers involved. The Keychain confusion is also being rectified through documentation which the Keychain team produced so I'll leave it to them to reveal.
Oh that's some fair counterpoints! I'm not that convinced about the promotion of 20% though given that I can't even google Hive without another Hive company using this hive's logo (probably an error somewhere) popping up on the side, and refining the search to include 20%APR, you just get blogs questioning the sustainability of it. Some heavy SEO work on all fronts is needed, I reckon.
Onboarding, I definitely need some updates with that so I'll see you over there in a bit