First let's have a quick look how the most important part of the @tipU website will look like - the investment monitoring section:
please note that all values are place-holders
This is the first version of it, later on it's gonna also display all the recent upvote requests (logs). It's gonna take some time to finish it though - all the underlying mechanic is being coded by @mys who, as every web developer, has very little time on anything other than few hundred other projects :) Let's hope that with enough pizzas and red bulls he will be able to finish it soon(TM).
The cool feature is that the website will display the investors data basically in real time so no longer will you have to send "status" commands to @tipU to check the investment data. Plus I hope it's gonna be satisfying to watch the numbers grow as you look at them :)
So, following the last post about the tokens I think I've finally figured it out.
Basically the questions was: limited supply and token value growing over time or unlimited supply and 1:1 token peg to STEEM POWER. But then @sames asked:
And actually it's not that hard to do. Here's the plan:
I can reserve some SP amount that can be used to increase the peg over time. You guys are following?
OK, here's the example:
Of course after those 100 days any free SP would be used to increase the pool so the token value appreciation can be continued. It's worth to remember tho that at some point this process probably will have to be stopped (no more SP to increase the pool).
With this method I can issue new tokens, but with the creation of new ones I always have to increase the reserve pool so the peg never goes lower than it was before. Thanks to this:
Hope this makes sense :D Let me know in the comments!
With introduction of @tipU tokens, the old "invest" functionality is kinda obsolete.
Please note that invest refers to sending SBD/STEEM to @tipU to increase share. Payouts for delegations will of course stay as they were.
They way it currently works gives basically free money to users that deposited SBD/STEEM to @tipU. I can not use those deposits in any way because the main rule is that users can instantly withdrawn them. In other words deposits do not generate any profit. Instead @tipU is lending for free it's own STEEM POWER to generate profit for those deposits. Those take a lot of @tipU STEEM POWER that otherwise can be now used to increase the token value.
Because of that in 7 days the deposits will no longer be treated as investment and will not increase the share in profits. In fact the automated system switched off this feature few days ago because @tipU ran out of STEEM POWER that can cover the new investments. But in 7 days it will be disabled permanently. Current deposits working as investment will stay as they were before. Naturally you can withdraw them if you want to.
Of course you can still make deposits if you want to use @tipU to send tips (remember this one?:) or subscriptions.
This leaves us with the auto-reinvest functionality. We've got 3 options here:
I haven't made the decision yet. Each day more and more @tipU SP is reserved to back up the reinvested SBD and STEEM. Most probably, with current mechanic, soon or later the automated system will switch if of because of lack of SP (happened before). Of course thanks to curation rewards (incoming SP) it can be switched on again and than it can kinda oscillate like this. Let me know what do you think!