You are viewing a single comment's thread from:

RE: Hey NaturalProducts Community, You Asked and We Listened...

in #naturalproducts4 years ago

What time frame are you considering for the buys? And do you mean that one need to make a post to earn for the staked tokens (10% PoS) or just staking is enough?

I'd say that splitting rewards in 50-50 ratio is a little late amendment. Initially, I had bought NATRL tokens under the impression that it's 50-50 like all other tribes. But when I discovered that it's 60-40 against curators and there is 10% beneficiary reward to tribe operators, I unstaked all my tokens. However, I ended up buying and staking more than that due to falling prices. Although I was expecting a drop in prices as reward structure was not in the best interest of investors, I didn't expected such a drastic fall. But prices are doomed to slash when investor interest is not taken care of and other tribes are comparatively more rewarding. After all, it's the investors that give value to any token, not the product or quality of posts. I had a hunch that sooner or later, such measures will be taken if this tribe wants to be comeptitive enough.

It's rather strange that some one had to point out such an obvious thing to you but I appreciate that you took note of it and appropriated the suggestions offered. Hope more measure will be taken to make the NATL token and tribe stronger.

Sort:  

Thanks for the comment... we had made a conscious decision on the rewards and were upfront in our launch post that it was temporary and would be reviewed...

We've set the reward distribution to the favor of the content creator. It will stay like that for awhile and may change. The rewards are set at an exponent author curve of 1.1. The rewards will payout at 60% to authors and 40% to the curators.

Based on the feedback we changed it, sooner than we had thought we would. The beneficiary is set so that we can continue to add features and cover some minimal expenses.

Since launching, because of that beneficiary, we have been able to add the POS reward to benefit community members that stake their tokens. Allowing us to add that feature was a direct result of that.

We are looking towards the long term ... coming and going, ups and downs are to be expected over the short term.

We will contribute back rewards on purchases going forward.

Loading...