Hello Hives,
We hope to share with you few updates related to @hiveupme delegations & the upcoming VAULT Token burning mechanism to earn 20% APR worth upvotes. (White-listed authors)
As a result of that, we have to find a solution to gather more delegation, generate more revenue for delegations & increase the demand for Hive Pegged token - VAULT Token.
Now you can compare this process with a bid-based bot. We are not going to say this mechanism will be a bid-based bot. But it has some influences on this process.
We hope to share with you few updates related to @hiveupme delegations & the upcoming VAULT Token burning mechanism to earn 20% APR worth upvotes. (White-listed authors)
What is HF 25 - Equilibrium?
We are not going to dig deep into this HF25. You can find those technical kinds of stuff through these articles. Our concern is how this HF25 affects our curation projects. According to the HF25, the current 5 minutes vote window will remove & the first 24 hours of upvotes will get linear curation rewards. (50% curation rewards)How HF25 impact on @hiveupme curator?
With the current script, we upvote in the first 5 minutes from post-created time (White-listed Authors). Therefore, we could generate more curation revenue due to the Curve type of the current curation model. But with the upcoming hard fork, this competitive voting mechanism will be over.As a result of that, we have to find a solution to gather more delegation, generate more revenue for delegations & increase the demand for Hive Pegged token - VAULT Token.
What do we suppose to do?
We hope to build a VAULT Token burning mechanism. People (@hivewatchers, @spaminator - White-listed authors only) who burn VAULT Token could earn 20% APR worth upvote through the curator. Moreover, this will instantly generate Swap.Hive (Hive token at @ Hive-Engine) to our delegations.Now you can compare this process with a bid-based bot. We are not going to say this mechanism will be a bid-based bot. But it has some influences on this process.
Additional delegation benefits?
People who delegate more than 3000 Hive Power will manually add to the free voter's lists. But we can't promise that every post of yours will receive an upvote. It depends on the below criterion.- Current Vote Power of the Curation Bot
- Delegated user should not be in @hivewatchers Black-Listed
- Maximum similar user post-vote limit should not exceed
Why 95% delegation rewards?
At this stage, we decided to keep a 5% Fee for share Hive Power rewards in the form of Liquidity. Later this year, we hope to reduce the 5% fee to 2%. (98% Curation Rewards)When this start processing?
The script is at the development phase. We will announce the launch of the new script, in a few weeks from now.If burn VAULT Token before this script launch?
Nothing will happen. You will lose a 1:10 Ratio (1 Hive to 10 Vault) worth VAULT Tokens.
"Delegate To @hiveupme Curation Project & Earn 95% Curation Rewards"
Contact Us : CORE / VAULT Token Discord Channel