I will be going into more detail with this in the next posts but I'm planning to issue tokens backed by @tipU STEEM POWER. Currently @tipU has 21,618 own SP (SP that does not come from delegations). Out of those 7,507.323 SP is reserved to generate profit for the investments - coming from deposits and auto-reinvest functionality.
This leaves us with 14,946.743 SP that can be used to generate additional profit for new/current users and I'm planning to distribute this profit thanks to @tipU tokens. But there's one thing I'm not quite sure about.
First, this 14,946.743 SP is steadily growing each day. I can "reserve" it so it's not being used by the investments and instead it can generate profit for the future @tipU token holders. But we've got 2 possible approaches here:
Let's say that only 10 000 tokens will be ever issued and it can never go higher (steem-engine allows to limit this).
This means that each token will be backed by 1.494 SP - so in other words, if you have 1 token, @tipU will share it's profit like if you have delegated 1.494 SP. And the cool thing is that over time each token should be backed by growing amount of SP which should provide a steady growth to the token's value.
This process can be additionally accelerated by allowing users to request upvotes for the tokens. Doing so would destroy the tokens so the total supply would shrink. Now this growing amount of SP would be divided between smaller amount of tokens. Neat, especially for token holders.
Cons? Well, the steem blockchain mechanics (reward distribution, vests, STEEM, SP, SBD and many other concepts) are quite complicated and I'm afraid that many users will have a problem with grasping this idea. After all, many users still think that @tipU is just a simple bidding bot :D But there's an alternative:
Simple: 1 token = 1 SP. If you have 20 tokens, you will receive profit like if you have delegated 20 SP. And I can actively print/destroy tokens to keep the 1 token = 1 SP peg.
It's much easier to understand and much easier to predict the profit. But it doesn't have this nice build-in mechanic of increasing value over time, which I really like.
PS. @tipU website to monitor and manage the delegations/investments/tokens is in production. Soon(TM).
PS2. Of course there's gonna be an airdrop for @tipU delegators :)
