ELIXIR is a token created by @bulliontools, a member of the Hive Onboarding Committee (HOC) and one of the DUO Project founders.
The goal of the token is to provide the @nectarbytes account with Hive Power to curate the new Mildly Infuriating community, along with other short form content on Hive. The goal of the Mildly Infuriating community is to give all people a place to share their frustrations, and to act as a catalyst in bringing interest from those outside of Hive in hopes of onboarding more people.
Tokenomics Breakdown
- 200,000 cap (Pre-mined)
- 100,000 reserved for sales
- 100,000 reserved for delegation rewards
- 1 week to unstake in 1 transaction
- No tokens will be held by @bulliontools or @nectarbytes unless purchased with private funds
Dividends
- Minimum 50 ELIXIR staked to qualify
- 90% of curation earnings paid weekly
The initial dividends paid will be provided by @bulliontools. As these funds near depletion, a power down of the @nectarbytes account will be initiated to continue the funding of dividends.
For full transparency in what is backing the project, here are the initial funds the project will start with.
Sales
Sales of ELIXIR will be done in tranches. All HIVE income generated from this will be powered up.
10k @ 1 HIVE each
50k @ 2 HIVE each
20k @ 3 HIVE each
20k @ 4 HIVE each
Delegations
Delegators receive 100% of curation rewards paid in ELIXIR based on 50% of the market price. The goal is that as the project matures and token price increases, delegators reap even greater rewards as tranches sell out.
The script for payouts has specifically been coded so that @bulliontools will not receive any ELIXIR token payouts regardless of how much HP is delegated from his account.
Curation
All curation will be done manually. No curation is guaranteed for token stakers or delegators. Any upvotes given are based solely on the merits of the content itself.
Tokens Earned from Curation
Half of Layer 2 (Hive-Engine) tokens earned through curation will be sold and the HIVE used to fund prize drawings. Fifty percent of these tokens will be staked, while the rest will be sold. This will be used to give away HSBI shares to reward those who engage with people in the community.
Project Maturity
The project will start small, and will grow steadily. As the HP builds, so do the rewards, and so the ELIXIR tokens will eventually all be paid out to delegators and sold on the market. This heavily rewards those who get in early and continue to support the project, and will help the token maintain value.
I just got here and IDK this community, I a saying this because if someone wants to finance and help kickstart a community this is certainly a way to do it but...
But 50% of the curation rewards sounds a bit greedy doesn't it? I mean, if someone wants to support a community so much as to give 50% of their curation rewards away, that they would have gotten by powering up and voting, they could just power up and curate themselves for double the rewards plus their own taste for curation in exchange of lower liquidity (or actually maybe HP gives more liquidity because 1HP=1HIVE when staked and a token may go down or even not have liquidity at all to exit)
Sorry if I misunderstood any goals or objectives for the token and the community but the economics are not financially attractive by themselves
Thanks for the comment! The original plan was to pay 50% in HIVE and 50% in ELIXIR but that was simplified to just paying HIVE only. The original 50% should've been updated to 90%. I've corrected this. Sorry for the confusion!
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