After a month of setting things up, we are announcing the creation and launch of a new token - VOCUP!
It's available for buying and trading at Hive-Engine and Tribaldex exchanges.
Basic Info
Token name: VOCUP
Maximum supply: 10,000
First issuing edition: 200
1st edition price: $5 Hive (Swap.Hive) per token
Precision: 1 decimal place
NO Staking
NO Delegation
Exchanges: Hive-Engine and Tribaldex
Description & Goal
VOCUP is a token created for an experimental, passive, longer-term investment plan. (Although different, still somewhat similar to BRO, UTOPIS, or BYT token.)
First and foremost, we intend to help new Hive members/bloggers and those with smaller accounts (in terms of Hive Power - staked Hive), regardless of whether they hold the token or not. But if they do, they will have a chance to receive a special bonus randomly.
(What kind of bonus is it, we intend to keep it a secret for now. The opportunity for this special bonus will apply to all token holders.)
At the same time, those (whether small fishes or giant whales) who decided to support our project by purchasing VOCUP tokens will be rewarded as we will share 90% of our Hive rewards with them. (10% we will keep for maintenance purposes and eventually needed project development, as well as possible future projects.)
Reward/Dividend will be sent out to token/shareholders at least once per month, biweekly, weekly, or daily (subject to change) according to the holding stats at the time of the snapshot.
Meaning that now, in the beginning, we are planning to take a holding stats snapshot once per month. But, as the project grows, we will shorten the time between two snapshots.
We would also keep records of non-payable small amounts until they reach a payable quantity. We will send it out with the first possible rewards share that will follow.
The difference compared to other rewarding projects
While most of the rewarding projects out there are based on Hive Power delegation, we wanted to do it differently. Therefore we intend to avoid those delegations, so every user can keep holding the maximum possible power for active use.
By that, and through their blockchain activities (mainly posting and curating), users may mine/produce more Hive for themselves, some of which would be delivered to them as Hive Power while the other in the form of liquid HBD and/or HIVE.
Users then might use those liquid assets for purchasing our VOCUP token that would bring them additional passive income without the need to reduce their active Hive Power through delegations.
At the same time, as the token doesn't have a staking or delegation option, it will remain available in users' holding until it is sold or gifted.
Token price and issuing dynamics
VOCUP tokens will be issued in different size batches (editions). The size of every new following edition will remain unknown until that batch is out. A new batch will be issued when the previous one is sold out.
Each new batch (edition) will cost approximately (up to) twice as much as the previous one.
(For example, the current 1st edition size is 200 tokens for $5 Hive per token. The 2nd edition will cost up to $10 Hive per token. The 3rd edition will cost up to $20 Hive per token, and so on, until the whole quantity is issued.)
From this alone, you can conclude that, as with everything in life, early birds and first adopters will be able to benefit from this project the most. That's why we set the starting, 1st edition price (according to our project plans) maximum possible low of $5 Hive (less than USD 3), so even the new or newer Hive members and those with small accounts might afford it. (Especially considering that the minimum purchase amount is 0.1 token for the price of 0.500 Hive/Swap.Hive, that's less than 30 US cents /$0.30 US/.)
However, those who will join at later stages shouldn't be disappointed either.
Rewards calculation and distribution
The total amount of Hive rewards gathered and received during a specific period (month, two weeks, week, or day) will be split between token holders (90%) and the VocUp account (10%).
90% of the reward will be divided between token holders according to their token holdings at the time of a snapshot and in relation to the total supply amount.
Please, be aware that tokens put up on sale will NOT be counted as holdings!
(See the example below! The amounts listed in the table are for explanatory purposes only!)
Received rewards, in liquid HIVE, users/token holders can use as they wish, like for powering up, investing in other projects or games like Splinterlands, dCity, dCrops, Rising Star, or some other, or even to buy some more VOCUP tokens.
Final notes & Disclaimer
VocUp account and VOCUP token are created as an experimental project with the investment possibility for passive, longer-term income in the form of Hive rewards.
Despite our best intentions and efforts, and considering it is an experimental project, we cannot guarantee its success or predict and guarantee potential earnings for participants.
Accordingly, we don't provide any legal, investment, or financial advice here! Therefore, anything said in this announcement should not be considered as such.
For now, the best way to participate in this project is to approach it as a fun lottery and invest only the amounts you can afford to lose.
I'll look into this! Cheers!
!WINE
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Thank you!
!ALIVE
@ironshield! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @vocup. (2/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
@savvytester this is maybe a new project to follow up on?...
Will take a closer look, since I just overflew the article now.
I'm much more interested in tokens for tipping than tokens focused on investment returns. 😅 !PIZZA !CTP
Ok, but the tipping we're doing abundantly already, maybe it wouldn't be bad to earn something about it, which we can spend as well for other projects? !LUV !CTP
@svanbo(1/5) gave you LUV.
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Every tip token on Hive we send or receive has a value, and certain tokens (such as !PIZZA and !LOLZ) increase over time when staked on your Hive Engine wallet even if you don't receive (or send) them. 🤓 !CTP
What do you mean that they increase over time when we stake them? We get some kind of interest on them?
I thought the staking of Hive tokens was only to use them for tipping? !PIZZA
Certain Hive tip tokens (such as !PIZZA, ALIVE, and !LOLZ) give you dividends just by having enough of them staked. 🤓 If you don't have enough of a tip token staked, then you would miss out on rewards for staking them, just like LOLZ requiring 512 staked tokens to receive daily dividend payouts. 😏
That's intersting to know. Is there an overview somewhere from how many from which tokens need to be staked for these dividends? 512 !LOLZ is a lot, but I'm going the right way hahahah. I'm currently at 355 units, so that means only 157 to go... Tell me one more thing: I've got as well 71 in balance... Why some are in *balance *and some are staked (new ones are going directly in the staked section...)
Could I stake these from the balance as well? (and if yes, are there disadvantages doing it?) !CTP
lolztoken.com
Par-mesean
Credit: reddit
@svanbo, I sent you an $LOLZ on behalf of @savvytester
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(3/4)
Interesting project - best of luck !
!CTP
Posted Using LeoFinance Beta
Thank you!
!ALIVE
@hoosie! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @vocup. (1/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
I love that you guys are honest about the project for not guaranteed anything to the holders but I hope you guys will succeed in what you do.
Take care and keep safe
!ALIVE
@vocup! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @caelum1infernum. (4/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
So it's a security because you just said we are buying and investing in this token to expect a dividend return / passive income.
Posted Using LeoFinance Beta
Well, yeah, unfortunately, it turns out to be like that as, at the moment, it's hard or even impossible for us to prove it otherwise better.
We are also aware that many projects and tokens on this blockchain, in the past years, came and vanished, because of which ours would be even more questionable.
With only something more than a month behind us and only one reward sent out (for August), it's hard to prove anything.
Therefore, we decided to take it slow and build trust gradually through time. It's also one of the reasons we are currently not running any promotional campaign.
However, if there are any doubts on the other side, might be better to skip, wait and see, or as we said in our first post,
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!ALIVE
PS. You will earn more ALIVE tokens if you add #AliveAndThriving too as we have a curation project looking for that tag with the largest ALIVE stake in the tribe behind it.
Made in Canva
@vocup! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @wearealive. (6/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Please how can I invest in some vocup ??
In your concrete case, first, you'll need some liquid Hive for that. (For example, you may trade some of your HBD for HIVE on Hive Market.)
Then, you'll need to log in to one of the exchanges (Hive-Engine or Tribaldex). - You may use your Hive credentials (keys) for that.
When you do that, you'll need to deposit there your liquid Hive. For that, you may use the "Deposit" button (on both exchanges). You just need to take into consideration the deposit transaction fee that on both those exchanges is 0.75%.
I.e., if you want to buy 1 VOCUP token, currently priced 5 Hive/Swap.Hive, by using any of the above two mentioned exchanges, you will need to deposit 5.038 Hive to receive 5.000 Swap.Hive (Swap.Hive is tokenized Hive on both exchanges).
Alternatively, for this swapping transaction, you may also use @HIVEUPME Discounted Bridge which will charge you only 0.1% for the same transaction. Meaning that you would need to swap 5.006 Hive to receive 5.000 Swap.Hive. (The amount will be shortly after available to you on both exchanges - Hive-Engine & Tribaldex.)
After being done depositing your funds, you can buy VOCUP token on Hive-Engine or Tribaldex, and that's it.
We hope this will help you to clarify the procedure!?! 😊
!ALIVE
@artsbreezy01! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @vocup. (12/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Good Luck with your new token.!
Posted Using LeoFinance Beta
Reblogged. But to late to upvote. :(
Posted Using LeoFinance Beta
Thank you! - No worries! It's a longer-term project. 😊
Yay! 🤗
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