Indiaunited - Curation reward changes

in Indiaunited2 years ago

First of all, we are glad to share that we have reached a total of 200k Hive power. Thanks to all the delegators. We have also been consistently doing manual curation and thanks to all the delegators who are supporting this manual curation effort. We have been trying hard to keep the momentum going and trying to introduce any new features in the community. The bear market has been a pain for everyone. This makes people lose interest in writing or engaging. But the long-term Hivers know that a bad Hive price is the right time to write more because the quantity of Hive we would be getting as post rewards will be more.

We recently introduced our community coin called IUC token on Hive Engine. We sold a few tokens on Hive Engine and also mentioned that we would be bringing some utility to the token. The token was initially created to solve our liquidity problem while distributing the curation rewards. Even now we have the same liquidity problem and somehow manage it with the sales of IUC tokens. This is why we thought of bringing the first utility for the IUC token.

image.png

Source

Effective tomorrow, all the curation reward shares will be distributed in the form of IUC tokens. The APR people usually get from the curation rewards varies from 8 to 10 percent. We would like to fix it to a 10 percent constant. As the price of the IUC token is also going to be fixed and pegged to Hive, a 10 % fixed APR is a great deal and it will benefit if the price of Hive improves long term. We would also like to increase the APR in the future if we find more income streams for the community.

People who would like to hold the tokens can hold them and people who need liquidity can sell the token on Hive Engine in exchange for SWAP.HIVE. As mentioned in our token announcement post, we only have a limited supply of IUC tokens and the value of the token will be maintained with the price of Hive. With the power down we do from the main account, we would be buying IUC tokens back from the market at 0.98 Hive. The 0.02 Hive difference is to manage the swapping cost and other transactional challenges. The buy order will be placed once a week based on the power down. To start with a buy order for 50 Hive has been placed on Hive Engine at the time of writing this post.

We also have some plans to reward people holding IUC tokens. We will describe that in detail in a separate post. Manual voting is the key element of the community and we are planning to make some changes to the voting algorithm so that it is beneficial for people who write quality content and also for people who are holding IUC tokens. There will soon be perks for the community curators as well. A special thanks to all the current community curators who take the effort to curate good posts without expecting anything in return.

Finally, tagging all the current delegators in this post so that they are all aware about this change. It is important for all the delegators to know.

SNoDelegatorVesting SharesTotal HPDelegation Last Updated
1@jacuzzi8015637444557.33159 days ago
2@sandeepp5465820030383.4160 days ago
3@namelessnameless5407944930061.6825 days ago
4@bobinson95060945284.248671 days ago
5@bala4128891513015087.025217 days ago
6@treasure.hoard91454165083.75433 days ago
7@achimmertens74120214120.194375 days ago
8@steemflow72872964050.8626 days ago
9@bhattg54224243014.21758 days ago
10@dagger21246098642562.531312 days ago
11@marcmh66637011202057.379358 days ago
12@sayee37003042056.925355 days ago
13@sketch.and.jam36728802041.681260 days ago
14@julianhorack36555062032.023200 days ago
15@nainaztengra36236872014.33589 days ago
16@simaroy36213512013.03781 days ago
17@karishmasingh71136029262002.79417 days ago
18@deltor29909691662.621 days ago
19@iamjadeline28029091558.08124 days ago
20@pitboy27323691518.87153 days ago
21@finguru27135451508.40569 days ago
22@lifecruiser22600711256.32862 days ago
23@inuke20161531120.73977 days ago
24@mayorkeys20001801111.86136 days ago
25@xawi19289181072.247826 days ago
26@codingdefined18565481032.018399 days ago
27@sagarkothari8818187271010.994138 days ago
28@ecoinstats18029451002.22127 days ago
29@yogeshbhatt1281645712.441221 days ago
30@giorgakis1227801682.5145 days ago
31@blog-beginner1188546660.689205 days ago
32@yangyanje1111605617.919373 days ago
33@ykdesign1083621602.36348 days ago
34@swarminvestment1083143602.098172 days ago
35@pankajkabdwal992686.8551.81540 days ago
36@syedumair973381.7541.083927 days ago
37@coolguy123934438.7519.436479 days ago
38@selfhelp4trolls924187.4513.737342 days ago
39@devpress919352.4511.05276 days ago
40@trangbaby916092.2509.237229 days ago
41@diebitch912475.9507.227181 days ago
42@mango-juice904568.9502.83270 days ago
43@sujitsawant904224.7502.6465 days ago
44@dkid14901915.4501.3576 days ago
45@certain749173.9416.451353 days ago
46@queenart735275.9408.7251 days ago
47@akkighanate2018728325.3404.861702 days ago
48@chenhs654785.1363.982139 days ago
49@hardikv645255.9358.685310 days ago
50@r1s2g3630137350.281718 days ago
51@rayius595648.6331.1095 days ago
52@oivas584102.2324.691928 days ago
53@jyoti-thelight557872.4310.11419 days ago
54@irisworld551369.7306.495270 days ago
55@cryptokim03548459.7304.878203 days ago
56@fahmidamou544254.9302.54106 days ago
57@tin.aung.soe541114.4300.79532 days ago
58@taxguy465075.5258.526407 days ago
59@maxili63459948.6255.676283 days ago
60@chetanpadliya459494.4255.424270 days ago
61@silversaver888457677.7254.414220 days ago
62@lightcaptured452213.4251.3763 days ago
63@pravesh0452169.8251.35267 days ago
64@mcfarhat403327.1224.2011507 days ago
65@shopnilhasan396406.1220.35419 days ago
66@frames377033.1209.585224 days ago
67@ayushthedreamer374132.3207.973490 days ago
68@preets370819.4206.131345 days ago
69@lannabeiker367100.6204.064253 days ago
70@arvindkumar365632.5203.248198 days ago
71@semarekha365488203.167198 days ago
72@vikbuddy365053202.926183 days ago
73@sayalijain363743.8202.198138 days ago
74@rezoanulvibes363377.5201.994125 days ago
75@theindiankid360297.1200.28217 days ago
76@dajoker299662.7166.57756 days ago
77@affliction292610.2162.656207 days ago
78@yuzana278137.9154.611383 days ago
79@punkblogs273429.5151.994167 days ago
80@furiousfighter272125151.269106 days ago
81@ydaiznfts270298.6150.25420 days ago
82@mikezillo245231.4136.319123 days ago
83@cwow2225062.2125.1087 days ago
84@hungryharish204884113.8911161 days ago
85@stevieboyes201835.5112.19621 days ago
86@guurry123195535108.694928 days ago
87@careassaktart194741.6108.253813 days ago
88@mintymile194741.6108.253695 days ago
89@hatoto192144.6106.809784 days ago
90@idea-make-rich191182.8106.275729 days ago
91@harpreetjanda190745.7106.032581 days ago
92@jznsamuel189517.1105.349635 days ago
93@nirvana3003188617.8104.849580 days ago
94@justclickindiva188519.2104.794564 days ago
95@nurseanne84186417.9103.626449 days ago
96@alokkumar121186251103.533313 days ago
97@imfarhad186074.3103.435301 days ago
98@asterkame186069.5103.432324 days ago
99@winelay185883.8103.329414 days ago
100@beyondhorizonmm185704.7103.23402 days ago
101@anmolsingh3006185473.3103.101386 days ago
102@lavista185367.3103.042367 days ago
103@mawit07185335.6103.024377 days ago
104@shonyishere185329.7103.021377 days ago
105@abmakko185038.2102.859342 days ago
106@dishant018184809.7102.732331 days ago
107@shubhwaj184726.4102.686335 days ago
108@shrazi184696.8102.669333 days ago
109@deimage184672.1102.656327 days ago
110@luckyali184632.2102.633202 days ago
111@reeta0119184405.8102.507313 days ago
112@elizacheng184360102.482297 days ago
113@b0s183984.9102.274284 days ago
114@bimpcy183692.8102.111261 days ago
115@dikshabihani183548.2102.031249 days ago
116@mk992039183436.6101.969120 days ago
117@hardaeborla183388.9101.942242 days ago
118@hivesuperman183356.5101.924240 days ago
119@intishar183301.2101.893111 days ago
120@iamraincrystal183197.1101.836228 days ago
121@vickoly182583.5101.495187 days ago
122@nkemakonam89182409.2101.398175 days ago
123@quduus1182408.7101.397175 days ago
124@burlarj182393.2101.38947 days ago
125@hattaarshavin182227.4101.297163 days ago
126@herrym182156.5101.257158 days ago
127@tatdt182143.3101.25157 days ago
129@hivedeb182096.3101.224154 days ago
128@fasacity182096.3101.224154 days ago
130@queenstarr181826.5101.074135 days ago
131@ksam181748.3101.03129 days ago
132@dwixer181731.6101.021128 days ago
133@manisha.jain9181676.1100.99124 days ago
134@justfavour181628.5100.964121 days ago
135@ekachiyuni181546.7100.918115 days ago
136@offia66181536.4100.912114 days ago
137@ukcrypton181505.7100.89537 days ago
138@temibot181448100.863108 days ago
139@gi-de-on181446.6100.863108 days ago
140@idksamad78699181335.9100.801100 days ago
141@graciousvic181322100.79399 days ago
142@th4488181319.6100.79299 days ago
143@okluvmee181289.4100.77597 days ago
144@waliphoto181137.9100.69186 days ago
145@penyaircyber181124.5100.68385 days ago
146@vikar181110.3100.67682 days ago
147@kruemelmonster89181100.7100.6783 days ago
148@akhyar23181070.4100.65381 days ago
149@theycallmewell181056.4100.64680 days ago
150@hjrrodriguez180934.6100.57871 days ago
151@meta007180863.3100.53866 days ago
152@khaleesii180837.6100.52465 days ago
153@dwayne16180809.9100.50963 days ago
154@catharsis180782.7100.49361 days ago
155@cryptictruth180715.5100.45656 days ago
156@seunny180713.7100.45556 days ago
157@rahimanavy180509.6100.34239 days ago
158@sam9999180498.1100.33541 days ago
159@george-dee180459.3100.31438 days ago
160@soltecno180422.9100.29332 days ago
161@hindavi180414.3100.28935 days ago
162@twicejoy180390.3100.27533 days ago
163@alfirdaus180374.2100.26632 days ago
164@fokusnow180181.4100.1596 days ago
165@otuyanancy180019.2100.0698 days ago
166@merit.ahama180019.1100.0698 days ago
167@cruis159083.988.432353 days ago
168@hironakamura118796.366.036117 days ago
169@vandanabhatt103291.357.418491 days ago
170@joydukeson91440.8850.83207 days ago
171@r-nyn90691.0950.413103 days ago
172@attentionneeded90644.7550.38897 days ago
173@aniketmore192573248.6740.717223 days ago
174@castri-ja63119.5335.08730 days ago
175@chenhb196854781.5230.452188 days ago
176@valerianis54732.3630.425177 days ago
177@itsmiessyonpeakd54124.4330.08735 days ago
178@scrapie52968.2629.444191 days ago
179@sabari1840972.1922.7761575 days ago
180@snowflakesduke36567.4320.327204 days ago
181@ebingo36090.1520.06237 days ago
182@gamerzaza36026.4220.02616 days ago
183@moviekeeda18551.610.312390 days ago
184@bilpcoinbpc18509.2110.289361 days ago
185@deathstarer718247.3210.143179 days ago
186@islandboi18211.4710.123155 days ago
187@gargi10243.055.6941274 days ago
188@silenteyes6145.8283.4161806 days ago
189@yahli3609.0752.00637 days ago
190@evernoticethat3600.2812.0018 days ago

Note: This change is based on the current market condition and our liquidity status. We might switch back to Hive again in the future or maybe reward Hive to users holding IUC tokens.

This post was authored by @bala41288 on behalf of the community. If you have any questions please reach out to us on the discord server.



image.png


Sort:  

We must find ways to adapt to the bear situation, right?

Hello @indiaunited. First, congratulations on reaching a total of 200k Hive power. That should benefit the account in terms of support for quality content.

I feel that the changes you propose are good ones to help ease the liquidity problem. I hope it works out in the long term. I've enjoyed receiving my delegation rewards in liquid Hive. However, I'm open to receiving my future rewards in the new community token.

I'll leave my delegation in place to see how this new formula works out for delegators.

Thanks so much for sharing this new information and plans for the community and token.

Take care.

!LADY
!ALIE

View or trade LOH tokens.


@justclickindiva, you successfully shared 0.1000 LOH with @indiaunited and you earned 0.1000 LOH as tips. (3/11 calls)

Use !LADY command to share LOH! More details available in this post.

Happy moment for us. We are doing good.

This is a good start for the IUC what happens to the Leo delegation rewards do they continue to get leo or would they also get IUC as payout for delegation ?

LEO delegation rewards will continue as it is.

I'm sure they're trying hard to do a good job, and then we'll see, when the market recovers, how creative and practical they were to get ahead.
Thank you for letting me know, and I hope it's all for the best. I wish you much encouragement.

thank you very much!

Progresse is our culture. Hive blockchain is getting stronger and strongest every day.

Aha this is a good step to resolve the liquidity issue its see how things will be 🎉.
Great work thanks for helping and supporting users all over hive. 🎆🎆🎉

It does sound like an interesting idea, but I do prefer the liquid hive payment everyday, reason, it's just one less element to worry about... Watching the internal market value, vs hive pice, then remembering to sell...

Perhaps you can offer a choice between receiving the token or the internal coin?

We thought about this. But it can be hard to calculate the weekly delegation report and also requires a lot more coding and automation to manage it this way. With IUC tokens we are also able to give a few extra rewards to the delegators. Please reach out to me (Bala) on discord and we can have a discussion on this.

Sorry, I am going to undelegate. I don't want your token or swap.hive. I wanted Hive :c


The rewards earned on this comment will go directly to the people( @luckyali ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

Bahut acha bhai sahab.

All good, no worries. Lakshmi devi is seated at the feet of Sri Vishnu, or on is chest as Srivatsa.

I will delegate more to you as my upvotes for posting have dropped lately, not grown. Appreciator doesn't like my posts any more so that whale upvote is gone and so I might post less and just delegate to you.

Grinding daily to post and earn is worth it in the bear market but I feel deflated at the slump in my upvotes received, so I will step back. Now is the new moon and a new cycle.

Rama nama satya he Hari nama satya he.

Hey! I Have delegated 500 HP to @indiaunited.